With access to large amounts of data made available to businesses, maintaining and governing the kind of data that is accessible to users have become significantly essential.
The fundamental tradeoff of intellectual property rights–like patents and copyrights–is that the inventor gets a government-protected monopoly for a period of time, as an incentive for innovation, but then the innovation passes into the public domain. For example, this is the moment when generic equivalents of pharmaceuticals can start competing with brand-name drugs.
Organizations are focusing on leveraging data and analytics in decision-making to drive strategic business decisions.
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