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The Futures Company

Privacy: From People to Data

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Published 7/1/2012


Author: Anita Beveridge, Chloe Cook, Andy Stubbings

​Andy Stubbings is a senior consultant who works in the trends and futures team. Chole Cook is an analyst, who works in the Trends and Futures team. 

Summary

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Privacy as it is known nowadays is a relatively modern concept that was ‘invented’ around 400 years ago. Every time privacy has developed another layer of meaning, it has been in response to the introduction of a new technology into people’s lives–from the chimney, to the camera and printing press, to the Internet. The future of privacy will be characterized by the analysis of patterns of consumers’ behavioral data, with consumers seeking to protect themselves from the assumptions companies have made about their personal data patterns.

Privacy happen because consumers are surprised when their personal data is used unexpectedly; companies need a ‘no-surprises’ approach to privacy if they want to avoid privacy pitfalls. In order to ensure there are no surprises around privacy we need to move the debate away from privacy as a permanent and immovable ‘right’, and recognize it for what it is in the digital age: a mediating factor in a constantly shifting and iterative exchange between people and organizations. Until companies stop viewing personal data–or ‘bits of people’–as a commodity to be farmed, and rather realize its role in an exchange which should be beneficial to both parties, they will fail to handle it with the care and respect consumers expect.

As long as this ‘one-sided handshake’ continues, companies and organizations that manage personal data not only risk a collapse in consumer trust, they also stand to miss out on huge potential sources of value to their business and society as a whole, from new unexpected uses of personal data co-created by their customers.


© 2012 The Futures Company
All Rights Reserved

The Futures Company.

 

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