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Talking to customers about their data is the key to GDPR

by on May 21, 2018 in Uncategorized

Consumer awareness of the new data laws directly increases comfort in data sharing,
according to new research from the DMA and Acxiom

The new General Data Protection Regulation (GDPR) governing the collection, storage and use of data are coming into force soon and new research reveals that almost two-thirds of consumers (62%) said their confidence about sharing data with businesses is improved by the incoming laws. Highlighting the importance of communicating the benefits of the new laws to consumers in order to build long-term trust.

The figures are revealed in the ‘GDPR: A Consumer Perspective report, commissioned jointly by the DMA and Acxiom to explore the attitudes of UK consumers towards data exchange and GDPR – conducted prior to the recent news stories. The research found that the majority of people in the UK (57%) prefer to receive some form of personalised marketing from companies. Most of whom (62%) also understand the need for companies to access their data in order to help stop them receiving marketing that is not relevant to them. In fact, even among those shoppers that don’t like marketing at all, 40% are comfortable with sharing data to avoid irrelevant offers or recommendations.

The survey also found that consumers fall into five groups when it comes to their preference for personalised marketing:

  • Personalisation fans (36%): Favouring personalisation of offers and don’t see the appeal of random offers
  • All the offers (21%): Like personalised offers, but also want random offers that they might not be aware of, not wanting to “miss out” on things outside of their filter bubble
  • Surprise me! (10%): Would rather see random offers than have them personalised, preferring to be surprised or discover offers for products and services
  • Indifference (15%): Indifferent towards offers, they are neither positive nor negative towards either personalised or random offers
  • Resistant to marketing (18%): Resistant to marketing in general and don’t like receiving either personalised or random offers

“At its heart, GDPR is about transparency and honesty in how organisations collect and use customers’ data. This is essential to building and maintaining trust between businesses and consumers,” said Rachel Aldighieri, MD at the DMA. “The new laws offer an opportunity for organisations to put the consumer front and centre of their company’s culture. An essential part of that is talking to customers about their data and how the new laws benefit them in a way that they can understand.”

Jed Mole, Vice-President, Marketing at Acxiom, said: “We welcome GDPR as it increases the importance everyone must place on data and updates our data legislation for today’s world. We are delighted to again partner with the DMA on this important, independent research that shows us the majority of people want to see data drive a more personalised world as opposed to random. It also shows awareness and understanding are growing. This is pivotal as only with reasonable understanding can people form reasonable expectations. Increasingly, consumers accept data helps create better experiences and personalisation, something desired by consumers and marketers alike.’

 

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About the DMA

The DMA is a UK trade association for the one-to-one marketing industry – those companies that speak directly to their customers and those companies that help them achieve this. The DMA provides best-practice guidelines and legal services for its members, who are typically marketing, advertising and data-driven organisations.

 

More than 1,000 companies in the UK are DMA members. The DMA also holds industry events, conducts research and publishes reports, lobbies for legislation to support its members’ business practices and has a close working relationship with the Information Commissioner’s Office. All DMA members must comply with the DMA code, which is available to read here: http://dma.org.uk/the-dma-code.

 

About Acxiom

Acxiom provides the data foundation for the world’s best marketers. We enable people-based marketing everywhere through a simple, open approach to connecting systems and data that drives seamless customer experiences and higher ROI. A leader in identity and ethical data use for more than 48 years, Acxiom helps thousands of clients and partners around the globe work together to create a world where all marketing is relevant. Acxiom is a registered trademark of Acxiom Corporation. For more information, visit Acxiom.co.uk

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