Posted inFeatured Industry 4.0
Posted inProfessional Ethics & Human Values
Privileged information, Proprietary information and Patents.
- Privileged information: βInformation available only on the basis of special privilegeβ such as granted to an employee working on a special assignment. - Proprietary information: Information that a company owns or is the proprietor of. This is primarily used in legal sense. Also called Trade Secret. A trade secret can be virtually any type of information that has not become public and which an employer has taken steps to keep secret. - Patents: Differ from trade secrets. Legally protect specific products from being manufactured and sold b y competitors without the express permission of the patent holder. They have the drawback of being public and competitors may easily work around them by creating alternate designs.