Everyone's Doing It, But Is It Legal?
Watch out. Are your big data feeds in blatant violation of terms of service agreements?
The Big Data movement taking hold in Financial Services is based in a large part on the aggregation of data from different sources, often using web scraping methods like a bot or spider. And while it's easy to see the web as an open source of information for the taking, it's worth reminding that it's really not. So before finding yourself at the wrong end of a cease and desist or court order, take a good look at the terms of service.
These words of warning come from The Practicing Law Institute's lecture, "Everyone's Doing It, But Is It Legal? Web Scraping & Online Data Harvesting," as part of the Social Media 2014: Addressing Corporate Risks seminar.
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