Towards a Big Data regulation based on social and ethical values. The Guidelines of the Council of Europe (Hacia una regulación de los datos masivos basada en valores sociales y éticos. Las directrices del Consejo de Europa)

This article discusses the main provisions of the Guidelines on big data and data protection recently adopted by the Consultative Committee of the Council of Europe. After an analysis of the changes in data processing caused by the use of the predictive analytics, the author outlines the impact assessment model suggested by the Guidelines to tackles the potential risks of big data applications. This procedure of risk-assessment represents a key element to address the challenges of Big Data, since it goes beyond the traditional data protection impact assessment encompassing the social and ethical consequences of the use of data, which are the most important and critical aspects of the future algorithmic society.