Sydney Morning Herald: Big data revolution comes at a huge cost

SMH - Nov. 15, 2016: Two-and-a-half years ago, the financial world was full of hype about a great new system that would lead to cheaper loans for customers who paid their bills on time.

The idea was that Australia – like most developed countries – would allow businesses to access much more information about their customers' credit histories, rather than limited data, such as customer defaults or bankruptcies.

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