Consumers Ready to Exchange Data for Better Brand Experience

A study by Jack Morton reflects a transformative shift in consumer expectations

252 0

Jack Morton, a leading global brand experience agency announced their new research findings that explores consumers’ shifting attitudes toward data privacy and brand trust in an era where AI offers the opportunity for personalisation at scale. ‘Experience Better/Insights’ highlights the evolving landscape of consumer data privacy and brand trust in a post-ChatGPT world. According to the study, more consumers would exchange their data for an AI-driven brand experience than would exchange it for cash or other goods and services. 

The new research shows a significant trend among consumers in the MENA region: 70% of respondents in the UAE and 71% in KSA are willing to share their personal data in exchange for better brand experiences. 

The report surveyed 5,000 consumers across the US, UK, UAE, Kingdom of Saudi Arabia (KSA), and Singapore in Q2 2024. The results indicate that nearly half (48%) of consumers globally prefer personalised brand experiences over cash or goods, reflecting a transformative shift in consumer expectations. Globally, only 30% of consumers are open to exchanging their data for cash or goods, while 63% expect AI-driven brand experiences to be more engaging and personalised.

These findings highlight the critical need for brands to prioritise consumer engagement and data-driven personalization in their strategies. The report examined consumer behavior using the introduction of ChatGPT as a pivotal moment.

Key findings include:

  • Data privacy concerns persist but are weakening: Despite the rise of AI, consumers remain cautious about sharing their data. While more than 61% of US consumers previously insisted on keeping their data private, this number has dropped to 52% post-ChatGPT. Older consumers (50+) are particularly keen to maintain data privacy (76%) compared to younger (18-29) consumers (42%). In the UAE, concerns about data privacy persist but are lessening. Only 21% of consumers would exchange their data for cash, and 24% for goods, while a notable 70% are willing to trade their data for a tailored brand experience. In KSA, 21% would share their data for cash, 27% for goods, and 71% for enhanced experiences.
  • Willingness to share data for value. Consumers (30%) are increasingly interested in exchanging personal data for tangible benefits (cash or goods and services). Younger consumers (18-29) are most willing (38%) older individuals are least (9%). That number jumps to 48% overall when the exchange is for a better, more personalised brand experience. 
  • Across the globe, the data varies, but the story is the same. In the Middle East, 70% of people in the UAE and 71% in KSA are willing to trade their data for a better brand experience. In Singapore, the number dips to 56% and in the US and UK, people are more skeptical. Only 23% in the US and 19% in the UK would be interested. The results highlight a critical opportunity for brands to offer clear value propositions in exchange for data.
  • The expectation of AI on brand experiences. More than half (63%) of consumers expect AI-driven brand experiences to be more engaging, personalised (59%), relevant (57%), and environmentally friendly (57%). The ability of AI to deliver a 1:1 experience at scale is a significant draw for consumers willing to share their data.

“We’re in the thick of the AI era, and the arrival of tools like ChatGPT mark a major shift in brand-consumer relationships. The opportunity for scalable personalised experiences is clear, but brands must be very clear about the value consumers receive in exchange for their data,” said Joe Panepinto, PhD, SVP, Executive Strategy Director, and Global Head of Learning and Engagement at Jack Morton.

Rebecca Amey, Regional Managing Director, Jack Morton, Dubai says: “More and more consumers across the MENA region are increasingly seeking better brand experiences, and they are willing to exchange their personal data to achieve this. Our findings show that people not only value seamless, engaging interactions with brands but are also willing to share their information for experiences that are truly personalised and resonate deeply with their individual preferences. For instance, knowing whether someone values sustainability, has a passion for technology, or enjoys their weekends listening to Dua Lipa can dramatically transform how we design these experiences, deepening the personal connection between consumers and brands – the very essence of the Jack Morton world.” 

The research was conducted by Jack Morton with support from YouGov and RepData during April and May 2024. Consumers were asked questions about sharing personal data, the expectations for AI and experiences and feelings about how brands behave. 

live Now