Two years after Cambridge Analytica, personal data is still at the forefront of the conversation. Consumers all vehemently care about what companies do with their data. Privacy is on everyone’s mind (not just the older, wealthier bracket). The pandemic has only accelerated these concerns, which marked 2020 as a significant year for data management. As businesses face new technological challenges amid COVID-19, the topic of privacy has drawn an increasingly bright spotlight. This sensitivity regarding data privacy has only been growing — and companies are responding accordingly.
8. Table of Contents.
1. The Backdrop
of this Trend
2. Lessons from
CA
3. Navigating the
Jungle
5. Common
Pitfalls
6. Best in Class
7. Low-hanging
Fruits
9. What’s next?
10. Questions
Our Agenda.
The Backdrop of this Trend
Lessons from CA
Navigating the Jungle
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Common Pitfalls
Best in Class
Low-hanging Fruit
What’s next?
Q&A
9. An increase in awareness
Customers starting to understand the value of their data
Snowden Cambridge
Analytica
GDPR Popular
Culture
Data Privacy a
Competitive
Factor
14. Privacy Actives
Privacy Actives Non-privacy actives
62% DATA PRIVACY
=
CUSTOMER EXPERIENCE
=
MARKETING
32%
Share of groups that was comfortable with
the trade-off of sharing information in
exchange for personal or public benefit.
Source: Cisco, 2019
15. Empowered customers are more willing to share information (…) Customers of firms
that offer high transparency and control reported feeling less violated from big data
practices, attested to being more trusting, provided more-accurate data to the firm, and
were more likely to generate positive word of mouth.
Harvard Business Review (2018)
20. Common Pitfalls
• Failure to take action at all
• Confusion of cookie opt-in, marketing
permission, and personal data consent
• The legal basis of last resort – relying
on consent when other options are available
• Unaware of role in data protection - data
controller or data processor?
• Policies in place – but not complied with in
practice
22. Low-Hanging Fruit
Encryption
and other
Safety Measures
Data Mapping
Getting a clear
picture of data,
suppliers, and IT
infrastructure
Cookies
as a Business
Card
Bragging
- flaunting your
privacy
focus for all the
world to see
23. Data Mapping
• What categories of personal data are being
collected and processed?
• Which registered persons do the data concern?
• What purpose does the processing serve?
• What systems are used for processing data?
• Where is the data stored?
• What is the source of the data?
24. Data Day!
• Mapping of data and identification of its
purposes and value for the company
• Do a data-day
• Marketing
• Customer Relations
• Procurement
• IT
• Talk about it - Living Document
32. What’s next?
Moving from third party to first party
The aftermath of the Max Schrems cases
Data Sovereignty - Confronting the issue of
data as a means of payment
Data Ethics
33. Thank you!
Questions?
Book a Falcon demo
now - May 31 and
get 2 months free if
you go with us.
@Falcon.io
#FalconEd
#growwithsocial
34. Sources
• Images: Unsplash
• Gifs:
• Websites:
• Reports
Virtual Summit
Emmanuel Lucq
Growth Strategist
Falcon.io
1:00 Niche Social Media Platforms Like
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Billy Boulia
Senior Vice President, Digital
rbb Communications
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