Growing concerns about data privacy and ethical data practices: TELUS poll
Rhea-AI Summary
TELUS, a global communications and IT company, released findings from its 2024 Data & Trust survey, revealing growing concerns about data privacy among American consumers. Key findings include:
- 82% believe data privacy matters more now than ever
- 74% worry about how organizations handle their personal data
- 88% consider a company's data handling reputation important for business decisions
- 86% agree trust in a business inspires them to buy or use its products/services
- 52% think about data privacy daily
The survey also highlighted concerns about AI development, with 86% wanting AI to be developed carefully and 81% emphasizing the importance of clarity and transparency. TELUS remains committed to leading in data trust, privacy, and security, having secured various certifications and awards for its practices.
Positive
- 82% of respondents believe data privacy matters more now than ever, indicating strong market demand for privacy-focused services
- 86% of respondents agree that trust in a business inspires them to buy or use that company's products and services, potentially benefiting TELUS's reputation
- TELUS secured the ISO 31700-1 Privacy by Design certification, positioning it as a leader in data privacy
- The company won the Responsible AI Institute's Outstanding Organization prize, enhancing its reputation in AI ethics
Negative
- 74% of respondents expressed concerns about how organizations handle their personal data, potentially affecting trust in companies like TELUS
- 86% of Americans want AI to be developed with care, indicating potential challenges and costs for AI implementation
News Market Reaction 1 Alert
On the day this news was published, TU gained 0.62%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vast majority of respondents say data privacy matters more to them than ever
Key findings from the TELUS Data Trust Survey 2024 include:
- Reputation matters:
88% of respondents consider a company's reputation for data handling important when deciding to do business with them. - Trust inspires action:
86% agree that their trust in a business inspires them to buy or use that company's products and services. What's more, two-thirds of respondents (67% ) will advocate for brands they trust, telling friends and family, posting on social media and sharing reviews. - Worries remain about data:
74% expressed concerns about what organizations do with their personal data - Privacy on our minds:
52% think about their data privacy on a daily basis, indicating a high level of awareness and concern.
"As technology continues to advance at an unprecedented pace, it's clear that people are becoming increasingly aware of and concerned about their data," said Pam Snively, TELUS' Chief Data & Trust Officer. "At TELUS, we recognize that trust is the cornerstone of the relationship with our customers and communities, which is why we integrate trustworthy practices into everything we do, ensuring that as technology such as AI evolves, our commitment to respecting our customers' data and protecting their privacy remains unwavering."
Artificial intelligence needs to be developed carefully
It is no surprise that there are strong feelings about artificial intelligence (AI) and its development when it comes to trust and technology with
"We recognize the importance of developing technology with trustworthy practices and the value of engaging diverse voices in the development of our AI tools and services," said Snively. "People are telling us what they need to trust data and AI: they want companies to ask for and listen to customer input, for data ethics experts to be involved, and for transparency in the explanations on how AI is used in a way that is understandable to everyone. Organizations need to listen and act on these concerns."
TELUS remains committed to leading by example in data trust, privacy and security, continuously evolving its practices to meet the changing needs and expectations of customers and communities. It was the first organization in the world to secure the ISO 31700-1 Privacy by Design certification, the first telecom to sign a voluntary AI code of conduct introduced by the Canadian federal government, and has won several international awards for its work, including the Responsible AI Institute's Outstanding Organization prize. TELUS also participates in many international forums to influence the development of sustainable data and technology practices, including joining the Department of Commerce's National Institute of Standards and Technology (NIST)
The 2024 Data Trust Survey was conducted among 1,000 Americans representative of the general population of adults, weighted on age, gender, and region according to the 2020 census figures for the American sample. For more information about TELUS' commitment to data trust and privacy and to learn more, please visit telus.com/trust.
About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with more than
Operating in 32 countries around the world, TELUS Digital Experience (TSX and NYSE: TIXT) is a leading digital customer experience innovator that designs, builds, and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands across strategic industry verticals, including tech and games, communications and media, eCommerce and fintech, banking, financial services and insurance, healthcare, and others.
TELUS Health is a global healthcare leader, which provides employee and family primary and preventive healthcare and wellbeing solutions. Our TELUS team, along with our 100,000 health professionals, are leveraging the combination of TELUS' strong digital and data analytics capabilities with our unsurpassed client service to dramatically improve remedial, preventive and mental health outcomes covering over 75 million lives, and growing, around the world. As the largest provider of digital solutions and digital insights of its kind, TELUS Agriculture & Consumer Goods enables efficient and sustainable production from seed to store, helping improve the safety and quality of food and other goods in a way that is traceable to end consumers.
Driven by our determination and vision to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS and our team to contribute
For more information about TELUS, please visit telus.com, follow us at @TELUSNews on X and @Darren_Entwistle on Instagram.
For more information, please contact:
Sacha Gudmundsson
TELUS Public Relations
Sacha.Gudmundsson@telus.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/growing-concerns-about-data-privacy-and-ethical-data-practices-telus-poll-302277526.html
SOURCE TELUS Communications Inc.