by Angela Guess
Fatemeh Khatibloo has written a new article about customer data, data security, and data governance. She writes, “Most marketers and customer intelligence (CI) pros tend to lump together most types of customer data. Sure, things like passwords and social security numbers are considered more ‘sensitive,’ but for the most part, the systems that protect all the data — and the privacy policies that communicate their capture and governance — are largely the same. This model used to work just fine. But in an era where consumers are becoming increasingly aware of data capture, data breaches, and the value of personal data, it’s not enough to treat all data (nor all customers) the same.”
Khatibloo continues, “In researching our latest report, Personal Identity Management Success Starts With Customer Understanding, we found that: (1) Individuals see different types of data differently — they’re most worried about what we consider individual identity data, and far less concerned about the capture and use of their behavioral data. (2) Most consumers are willing to share their data in exchange for value. But, what they consider “valuable” is very age-dependent — in other words, the same consumer isn’t equally motivated by discounts and cash rewards. (3) A surprising number of consumers “just say no” if a privacy policy doesn’t pass their sniff test, and the numbers seem to be rising.”
photo credit: Nina Matthews Photography
