Transparency / Privacy Tradeoff in a Differentially Private World

from PIL import Image
from pathlib import Path

img_dir = Path().absolute().parent / "images" 

The Common Mental Model for Transparency / Privacy Tradeoff

Historically, people think about privacy and transparency as a zero sum game. This is because to have access to another parties information means it is not private between the two parties. This makes it difficult to share information without building a strong relationship of trust between two parties.

Image.open(img_dir / "privacy-transparency-pareto-tradeoff.png")

How People Should Start Thinking About the Tradeoff

Differential privacy techniques changes this to a superior (if not perfect) trade off in practice. Allowing parties to build new business models by taking advantage of less black and write trust relationships. This also gives parties more options to manage/mitigate data leakage risk without completely foregoing utilization of it.

Image.open(img_dir / "moving-the-privacy-transparency-pareto-tradeoff.png")