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Balancing Privacy and Personalization: The Key to Customer Loyalty 

Retail TouchPoints

With increased personalization becoming more important to consumers, how can you strike the right balance between creating a bespoke experience and respecting your customers’ right to privacy? Balancing Privacy and Personalization. Data privacy practices should work seamlessly to enhance the individual experience.

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Data Privacy and Ad Tracking: The Real-World Implications for Businesses

Retail TouchPoints

The world has gone digital, and as a result, global concern regarding data privacy has skyrocketed. As users become even more tech-savvy, the way their data is used is at the forefront of their minds — and the businesses interacting with this captured data have experienced increased demand to respond to consumers’ heated concerns.

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Could Data Privacy Be Retail’s New Competitive Differentiator?

Retail TouchPoints

In fact, 90% of consumers say they care about data privacy, while nearly 30% have switched companies and providers over their data policies and data sharing practices, according to research from Cisco. As Privacy Concerns Mount, Transparency and Communication Are Key. These are rules to live by.

Marketing 278
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Privacy Becomes Mission Critical

Cisco Retail

It’s been more than 3 years since the EU’s General Data Protection Regulation (GDPR) went into effect, and over two-thirds of the world’s countries have now enacted privacy laws. Today, Cisco released its 2022 Data Privacy Benchmark Study , our fifth annual review of key privacy issues and their impact on business.

Returns 126
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Declining returns push brands to diversify advertising channels

Inside Retail

Privacy and data regulations – such as Apple’s App Tracking Transparency Framework – have severely limited the data that brands and advertisers can collect on users of these channels. Over time, that’s seen the return on investment come down significantly. The margins are so small because the cost is so high, so it’s unsustainable.

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Balancing Privacy for Good

Cisco Retail

Unfortunately, we’ve seen privacy rights abused by over-processing. We’ve also seen privacy rights inappropriately and antagonistically asserted for ulterior motives. At Cisco, we view privacy as a fundamental human right and drive our privacy program as a business imperative. Privacy as a Fundamental Right.

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Consumers willing to trade privacy for Amazon benefits

Retail Wire

“By and large, negative consumer attitudes to data collection across smart home and other areas have largely been ameliorated by the services received in return,” said Jonathan Collins, an analyst at ABI Research.

Consumer 130