Assignment task:
Data Collection and Privacy - How on-demand delivery application changes the world
The collection of customer data has enabled companies and marketers to make more powerful and accurate predictions for consumer behavior and purchase intent. Thanks to big data, marketers can utilize customer attributes to create fine-grained models of customer's future activities. The result is more tailored promotions and offers, reduced contact fatigue, lower disengagement levels, and overall improved campaign performance. Nonetheless, with increasing data availability, government agencies have begun cracking down on data violations and privacy issues.
As a consumer, every click, view, and interaction with online content leaves behind little "morsels" of data for marketers to pick up and utilize to determine how to best advertise based on your personal preferences. Inevitably, along with the increasing availability of data comes a more significant concern for transparency and privacy. Data-driven marketing is crucial for customer experience initiatives; however, privacy concerns always shape and limit these efforts.
Big data is often utilized to describe massive volumes of data, and it is instrumental to the development of a more data-reliant marketing realm. Digital marketers must understand how to navigate digital interactions with consumers and ensure that sensitive data is not shared with the public or potentially face colossal backlash.
Please share your opinion of the following:
Take, for example, the increased popularity of on-demand delivery applications and how it led to many companies' success/survival during the COVID-19 pandemic. In the past 5 to 10 years, which technological advancements such as this one have made your life easier? How did data collection make it possible?