What is one of the goals of using a data ethics framework in business?

Utilizing a data ethics framework in business primarily aims to enhance business credibility and trust. This is achieved by establishing practices that ensure the responsible use of data, addressing issues such as privacy, fairness, and transparency. When a business adheres to ethical data practices, it fosters a culture of accountability and demonstrates to customers and stakeholders that it values their data and privacy. This, in turn, builds trust, as customers are more likely to engage with businesses that they perceive as ethical and responsible. In a marketplace where consumers are increasingly aware of data privacy issues, having a strong ethical stance can differentiate a business and enhance its reputation.

The other choices do not align with the fundamental goals of a data ethics framework. Limiting data access could create a culture of distrust or secrecy, while prioritizing profits over ethics compromises integrity and can lead to long-term damage to reputation. Reducing operational costs, while important, does not inherently relate to the ethical considerations of data use. Thus, enhancing credibility and trust stands out as a key objective of implementing a data ethics framework.