FOR YEARS, THE ₹916-billion Indian marketing industry has relied on an abundance of personal data to craft targeted campaigns, often without explicit user consent. Clearly, there was significant disconnect between consumers and their personal data and how the companies that collect it, use it.
The proposed Digital Personal Data Protection (DPDP) Rules have the capacity to disrupt this framework, handing the lever to the consumer.
"Brands must now focus on creating value exchanges where consumers willingly share data because they see tangible benefits, not just because they have no other choice," says Surendra Singh, CEO, Brand Street Integrated.
The push for stringent data protection laws mirrors global trends akin to European Union's General Data Protection Regulation (GDPR) that protects the privacy and security of personal data.
"While laws exist, the real challenge is not just their creation but how well they are implemented and enforced," says Chandan Bagwe, founder & director of C Com Digital.
Time to rebuild trust
هذه القصة مأخوذة من طبعة January 08, 2025 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 08, 2025 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Meta's revised paid ad-free service may breach EU privacy regulations
META PLATFORMS' REVISED no-ads subscription service may still breach EU consumer and privacy laws in addition to antitrust rules, the European Consumer Organisation (BEUC) said on Thursday as it urged regulators to act against the U.S. tech giant.
It's raining handouts
Political parties must avoid reducing elections to one-upmanship on freebies
Invest in stocks: China to insurers
CHINA IS GUIDING local mutual funds and insurers to boost their stock purchases in the government's latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs.
Emilia Perez Leads Oscars Race With 13 Nominations
NETFLIX'S SPANISH-LANGUAGE musical Emilia Perez topped the list of movies nominated on Thursday for Academy Awards, followed by The Brutalist and Wicked.
In the grey zone
Meta's fact-check roll-back can upend contextual ads
CCPA Notices to Ola, Uber Over Price Disparity Complaints
The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.
In hiding, Awami League leaders connect with Hasina
THEIR BANK ACCOUNTS FROZEN, MANY RELATIVES ARRESTED
Trump Urges Lower Oil Prices, Rate Cuts
Reiterates tariff threat to bring manufacturing back to the US
Deposits lag credit growth in fortnight to January 10
Banks’ deposits lagged credit growth for the fortnight ended January 10, according to the latest data released by the Reserve Bank of India.
HDFC Bank expects improved CASA ratio with easing in rates
HDFC BANK EXPECTS its current account savings account (CASA) ratio to improve as interest rates are likely to soften, Sashidhar Jagdishan, managing director and CEO, said in an analyst call on Thursday.