The Connected Consumer is Changing The Face of Marketing: Understanding the Importance of Trust
An important undercurrent to the meeting of waters analogy and the trend toward the ever-increasing connectedness is that people are also creating and sharing more information than ever before. Eric Schmidt, Google’s former CEO, notes more information is created every two days than from the dawn of civilization up to 2003 combined. This information can be used to create new services like personalized search and consumer engagement.
In the age of the connected consumer, Schmidt proposes that the next generation of mobile devices may be capable of tracking an individual’s actions, movements and purchases, and over time learn their interests and preferences. Later, using location and similar tracking tools, companies like Google can alert an individual not just based on their stated or shared preferences but on system inferred and predicted preferences.
This is a very powerful value proposition, one that has the opportunity to enrich the lives of consumers. Marketers have the ability to deliver value at the time of consumer expressed and inherent need. However, you must remember that key success factors to engaging consumers in this ever-connected world include your ability to be transparent in your actions and provide consumers with control over the relationships they have with marketers.
As an industry, we have the opportunity to embrace our future and maintain the course of responsible behavior. The Mobile Marketing Association (MMA) along with its partners is doing just that. The company recently announced its Consumer Best Practices for Messaging v6.0. The MMA has also announced an applications committee and a Privacy Initiative Task Force in coordination with its members and other organizations like the Digital Advertising Alliance to work on expanding the industry’s best practices and guidelines around how marketers and consumers are to engage each other. The outcome of this work will allow all of us in the industry to focus on sustainable growth while ensuring that we achieve this growth responsibly.