If you’ve been to a marketing conference in the last few years, you’ve probably heard how data has become the new oil of the digital economy. Many companies are accumulating their stockpiles of this new digital fuel via loyalty programs, web analytics tools, and CRM systems.
But all of the data magic happens “behind the curtain.” Consumers don’t see the automated marketing wizard pulling all of the levers. You may sense an advertisement or marketing offer has something to do with your recent browsing or search behavior, but you’ll never see the actual algorithms or business rules that generated it. The lack of transparency in these data-driven marketing scenarios has contributed to the sense that consumers are being stalked by companies. It has inadvertently introduced an unwanted creepiness factor between brands and their customers. Rather than letting data push brands and consumers further apart, how can data bring them closer together? The answer may lie in sharing and not just taking. …
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VentureBeat News 3/7/2015