Cracking the Congealing Data Privacy Code: A client’s perspective on the impact of privacy on the need for agility in market research within the financial services industry

Standard Bank, a financial services group, used a mixed-method approach to discover how privacy legislative challenges are affecting market research clients and agencies in South Africa.

Introduction

Market research has had its bacon saved by embracing new technologies

As the pace of change continues to accelerate, market research has been saved by embracing new technologies and developing methodologies in line with the digital revolution. These new technologies and subsequent methodological shifts, brought about by various aspects, including automation, artificial intelligence and big data, has resulted in both agencies and clients harnessing, or at least attempting to harness them in our operating environments. At a granular level, these technological developments have benefited us immensely, albeit with several well publicised obstacles that we continuously face and navigate, ranging...

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