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The Pan-Arabia Enquirer

The Pan-Arabia Enquirer

Agreement On Big Data

Agreement On Big Data

There may also be risks in the execution of IT BDaaS agreements. In particular, one might think that alternative investment managers have always tried to access a wide range of data sources to inform their research and investment decisions. In recent years, the theme of big data, combined with artificial intelligence and machine learning, has attracted attention, fuelled by the explosion of available alternative data sources such as commercial and financial transactions, social media, applications, web scraping, geo-location data, satellites and sensors. The experimentation of this new data is considerably slowed down by the process of negotiating a trial license agreement. The licensing agreement must define a certain obligation for service levels, as the purchaser may suffer significant financial losses due to data arriving “late”.” Since real-time/dynamic data is not provided in constant flow, but only on the it requests of the buyer to the seller, the service level clauses should be addressed: Big Data as a Service refers to the relationship between a customer (a company that wants to grow) and a contractor (data scientist – machine learning platform). So what kind of relationship is this IT contract going to govern? Well, we can talk about data provision, some analytics tools that can be used to collect data that provide analysis and reporting of certain data. Some IT-BDaaS agreements also include consulting services in their packages. Data analysis is used for many purposes: improving system performance, helping with decision-making in the management of the company`s products, assessing the risks of decisions, etc. Typically, companies use different systems for each of the purposes of big data processing. Since the cost of these operations gradually requires a lot of resources, it is preferable to create a single infrastructure that handles extraction, processing, visualization of data and provides comprehensive big data management features. Mapping existing rules for big data applications included the development of the Trade Agreement Provisions on Electronic Trading and Data (TAPED) dataset, which includes standards in e-commerce, intellectual property and other standards in the agreements.

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