Big Data Agreement
We recommend that you take note in this important place when signing/designing a big data as a Service contract. Are services transferred to tangible or intangible media? If it`s a cloud, how long is the information kept? When will the services be considered provided and accepted? If the quality of big data services is not up to your needs, can you improve service results? Taking into account the aforementioned provisions, a customer may receive qualitative services and make a timely payment to a contractor. If such criteria are met, I am sure that the customer will turn to this supplier several times and therefore the supplier will make a profit. The thirteenth article in our “Big Data & Issues & Opportunities” series provides an overview of data sharing agreements and relevant legal frameworks and instructions. This article also provides a critical analysis of the use of such agreements as a solution to control the lifecycle of big data analytics. Big data is a fast-growing market. Whether as a buyer or seller, the big data market is a valuable opportunity for businesses. But with the unique combination of data characteristics, both the buyer and seller need to know the additional terms that should be included in their business. In any data license agreements you want to sign, pay close to data security, service level, and the impact of termination. While there are certainly aspirations to turn data into a commodity that is easy to buy and sell on the Internet, the market is not quite there yet. Many companies protect their data than their crown jewels, and in the face of the recent Cambridge Analytica scandal, companies are even more cautious about who they sell and what they do with it.