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ThinkMind // SOTICS 2013, The Third International Conference on Social Eco-Informatics // View article sotics_2013_1_40_30065

The Social Responsibility of Online Charge-free Service Providers; Accountability for use of the term "free"

Authors:
Kazuyuki Shimizu

Keywords: personal data/privacy protection; market system; corporate governance; charge free; dilemma.

Abstract:
In an autonomous market economy that has long been separated from other economies, price-signal information such as profit, cost, productivity, or competition tends to be regarded as a matter of concern, and other information regarded only as noise. In the current business environment, where market-economy principles have spread globally, the majority of business scholars and practitioners seem to believe that only price-signal information is relevant and significant for business organizations. This is epitomized by excessive greed demonstrated by some hedge funds, based on their belief in a neo-liberal law of the jungle. The development of Information and Communication Technology (ICT) has made it possible for business organizations to handle huge amounts of personal data (now referred to as big data) to streamline business operations and enhance customer satisfaction. It has also shortened the life cycle of products and services. Business people in this environment feel it is not fair to handle personal/privacy information data properly, unless it generates short-term profits. In fact, many business people, especially in Japan, consider personal data/privacy protection to be a cost factor and view regulations as an impediment to industry development. This study examines whether privacy could be adequately protected in this socio-economic environment.

Pages: 14 to 16

Copyright: Copyright (c) IARIA, 2013

Publication date: November 17, 2013

Published in: conference

ISSN: 2326-9294

ISBN: 978-1-61208-312-4

Location: Lisbon, Portugal

Dates: from November 17, 2013 to November 21, 2013

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