Here is a challenge for you. Spend 5 minutes reading the top headlines at the news site of your choice and count how many stories have to do with data privacy.
"Evil Corporation Inc Accused of Spying on Customer Data"
"Social Media Site That Your Grandparents Use Too Much is Stealing Your Information"
"Data Breach! Company Loses Personal Data from Millions of Users to Hackers"
You hear it every day, right? World class thieves aren't robbing banks for cash anymore, they're hacking servers for personal information. Data is the new currency.
Here's the problem, though. Data—just like currency—is important. No modern company can be successful without it. Customer data is what helps businesses make informed decisions but, in a world where data is currency, privacy is priceless. The public pays a lot of respect to a company who respects privacy. That respect equates to a good reputation, and we all know how valuable that is for a business.
So, how can a company collect the quality, actionable data they need while still protecting the privacy of their customers?