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Consumers often value personalized marketing for its time - saving benefits in finding products or services. Companies, in turn, see these strategies as more effective
Consumers often value personalized marketing for its timesaving benefits in finding products or services. Companies, in turn, see these strategies as more effective in motivating purchases compared to traditional methods. However, this raises significant privacy and security concerns among consumers, leading to mixed attitudes towards companies collecting personal data. Many discussions have highlighted the dual impact of consumer data usage on business performance, both positive and negative. Your insightful posts on this topic have been impressive, and I eagerly anticipate your future contributions.
As marketers in today's digital economy, we must navigate the complexities of using consumer data in our strategies, personalized or otherwise. Although it's impossible to satisfy every customer due to diverse needs and wants, data allows us to effectively segment markets and identify target demographics. It's crucial, therefore, to minimize the negative perceptions of data collection from a consumer standpoint. In this context, the article 'Digital technologies: tensions in privacy and data' provides valuable insights. This piece delves into the interplay of digital technologies, privacy, and consumerfirm relationships, highlighting the transformative effect of data on marketing and the subsequent privacy concerns and regulatory responses. It offers a comprehensive view of the topic from the perspectives of firms, consumers, and regulators, promoting a multidimensional approach.
Do you concur that this research sheds new light on the role of digital technologies? If not, what aspects do you think are missing?
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