the true imperative
An explosion of data.
Uneven confidence in institutions.
The need to act.
Food safety issues. Multiple privacy breaches, where the personal information of hundreds of millions of consumers has been hacked. To mention but a few.
In an era of heightened transparency and informed, empowered and connected consumers, the concept of trust has risen to a new level of prominence. No longer to be taken for granted, it’s fast emerging as a prerequisite to accessing, discussing, and interrogating a myriad of valuable data and insight from consumers who are smarter about what it’s worth.
The very notion of trust is under fire. Is the data a company gathers and shares, and the perspectives this gives them on their customers, worthy of consumer confidence? Can consumers really trust organizations with their data? Can they trust it to be used appropriately? And how does this trust manifest in a world where consumers are increasingly aware of the value of their data?
Consumers and regulators alike are dedicating increasing attention to these issues. We — organizations, institutions and governments — can’t afford not to pay attention.
In this chapter of the latest Me, my life, my wallet, we invite you to explore with us this complex issue in depth.
One degree of trust with my data (p. 54–55)
begins by assessing the implications of anxiety towards the misuse of personal information, and the implications of failing to recognize both explicit and implicit contracts with customers.
A day in my data (p. 60–61)
My life in data (p. 62–63)
explore stark realities of data trails in daily interactions with technology (short-wave signals) and across pivotal events during our lives (long-wave signals).
Institutions we trust (p. 64–67)
Can your customer trust you? Do they? (p. 68–73)
identifies the priorities for those organizations and institutions keen to ensure they get the balance right between permission and presumption.