Posted on Friday November 03, 2023
Much of business centers on giving people what they want. This means understanding customers’ interests and needs by accumulating and organizing customer data. However, the methods you use to collect that data need to abide by data privacy laws. Breaching those laws can incur fines, penalties, and loss of reputation. Here are five tips for secure customer data collection.
Investing in robust security systems and providing your employees with training in data privacy best practices is a nonnegotiable step. Modernizing your security measures is also essential to protecting customer data effectively. Establish rigorous protocols for handling and disclosing customer data, and enforce strict consequences for any policy infringements.
According to the Cisco 2022 Consumer Privacy Survey, 81% of consumers believe a company’s approach to personal data is a reflection of their approach to customers. Seventy-six percent said they would not buy from a company they did not trust with their data. Such statistics emphasize the importance of honesty and transparency in regard to collecting customer data. This necessitates creating clear and comprehensive privacy policies that allow customers to decide what information they want to share, and clearly stating how their data will be used.
There is a vast ocean of data out in the digital world. Most of the data a business collects serves no purpose, wasting resources to obtain and taking up storage. Sorting through all that data can overwhelm analysts and delay informed decisions. Therefore, it's vital to establish guidelines before data collection, including:
Your efforts in collecting customer data would be in vain if it's lost due to cyberattacks, natural disasters, or IT failures. Thus, a solid backup and data recovery plan is a necessity to safeguard this valuable information.
Outdated or incorrect data, such as phone numbers, emails, and addresses, can hinder your ability to nurture customer relationships. To avoid this issue, regularly review and remove unnecessary data, duplicates, and inactive contacts.
If you're seeking reliable IT solutions to optimize your data collection efforts, don't hesitate to reach out to us today.