Young consumers over twice as likely to share data online than older generations
As the government takes further steps to give people greater control of personal information stored on the internet, a new study has revealed a generational gap in attitudes towards sharing data with brands online.
According to the research, undertaken by online marketing network Affilinet, over one in five UK consumers would be happy to let a brand collect their personal details, such as an email address, in exchange for ‘something in return.
Looking at what shoppers expected back off businesses collecting information, a third cited either exclusive discounts or offers tailored specially for them.
Some 16 per cent said they shared details to get either relevant product recommendations or adverts, while almost one in ten felt obliged to submit their email address.
Overall, 15 per cent were happy to share data with a brand when they believed their details were safe, while over a fifth appreciated being given the choice. Some ten per cent would share details with a brand they trusted.
However, when broken down into age demographics, younger people appeared much more relaxed about sharing information.
Only a quarter of 16 to 24 year olds refused to share data online, compared to 55 per cent of those aged 55 and over.
Commenting on the findings, Peter Rowe, Affilinet UK managing director, suggested a shift had emerged that has seen online shoppers expecting rewards for submitting information.
“It’s clear from the findings of this study that online consumers are increasingly wising up to the fact that brands shouldn’t get something for nothing, and that in order to give them the privilege of having their personal data or email addresses, they need to have an incentive, he said.
Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.
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