Data Sharing – Courting Customers the Old-Fashioned Way

1
44

Share on LinkedIn

I never thought my personal information could lead to the courtroom, but for some curious consumers, it may.

This is what is indicated, anyway, in events described in recent news reports. Consumers who have requested their personal data from telecom service providers or other utilities were politely told, “Thank you, but not without a subpoena.” Somewhere along the path to creating the industry we now call Big Data, organizations apparently decided they have more right to a customer’s personal information than does the customer.

It defies logic to me that any company that benefits from gathering consumer data wouldn’t be willing to share those insights with its customers. Fortunately as I read on, I learned that some organizations do, and they even offer their customers tools to make the most use of that information – to create utility for the consumer.

All of which gets me pondering the “what if” question: A lot of companies use customer-provided information to create value for themselves, but what if they made all that data available to the customer, essentially creating a platform upon which they can elevate the entire brand experience? Would a more open system of data create a more powerful consumer cooperative?

Such efforts are forming today. Intel recently introduced a venture that encourages organizations to welcome consumers as participants in the information economy, using a site called WeTheData.com as an aid, according to a story in the New York Times. And the regional supermarket chain Meijer offers an app, called Find It, that organizes the customer’s shopping list to align with the most convenient route through a given store. Even better, if the consumer goes off course, the app will automatically adjust the list.

That’s sharing the customer’s data in a way that directly benefits her.

Such forward-thinking initiatives, wherein the consumer is seen as a collaborator and not merely a source of insights, will be required for the data-science industry to grow prosperously. If we operate with uneven philosophies, wherein only some organizations invite consumers to review their information for the purposes of better interactions, then those that choose the non-communal approach will likely get shut out.

It is, after all, easier than going to court.

Republished with author's permission from original post.

Bryan Pearson
Retail and Loyalty-Marketing Executive, Best-Selling Author
With more than two decades experience developing meaningful customer relationships for some of the world’s leading companies, Bryan Pearson is an internationally recognized expert, author and speaker on customer loyalty and marketing. As former President and CEO of LoyaltyOne, a pioneer in loyalty strategies and measured marketing, he leverages the knowledge of 120 million customer relationships over 20 years to create relevant communications and enhanced shopper experiences. Bryan is author of the bestselling book The Loyalty Leap: Turning Customer Information into Customer Intimacy

1 COMMENT

  1. …between collaboration and partnering with customers (http://www.customerthink.com/blog/customer_partnering_proactive_winning_cem) through contemporary and sophisticated digital data sharing capabilities and potential data misuse or overreach, challenging individual privacy. As noted, some companies – like Intel and Meijer, and I’d add Tesco in the U.K. – both self-regulate and effectively engage the customer through programs developed from individual profile data, creating stronger bonds and greater value. These serve as exemplars and models with respect to how personal customer information can be managed and leveraged for mutual benefit.

    Online communities have done much to bring companies and their customers closer together, but this is an iceberg tip as to what is possible. If being non-communal with customer data is one recognized impediment, then potential data misuse or mishandling, and the public response to corporate customer data shielding and lack of transparency we’re now experiencing through daily media reports, requires that even greater attention be paid to the personal information and insights customers share. Agree – this is both easier, and better for the customer and the supplier, than going to court.

ADD YOUR COMMENT

Please use comments to add value to the discussion. Maximum one link to an educational blog post or article. We will NOT PUBLISH brief comments like "good post," comments that mainly promote links, or comments with links to companies, products, or services.

Please enter your comment!
Please enter your name here