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T Telus Corp

21.30
-0.37 (-1.71%)
Last Updated: 15:48:09
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Share Name Share Symbol Market Type
Telus Corp TSX:T Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.37 -1.71% 21.30 21.29 21.30 21.62 21.29 21.58 1,165,856 15:48:09

Growing concerns about data privacy and ethical data practices: TELUS poll

16/10/2024 12:25pm

PR Newswire (US)


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Vast majority of respondents say data privacy matters more to them than ever

TORONTO, Oct. 16, 2024 /PRNewswire/ - TELUS (NYSE: TU), a leading global communications and information technology company, today released findings from its 2024 Data & Trust survey, revealing growing concerns about data privacy among American consumers. The survey revealed that an overwhelming majority of Americans (82%) believe data privacy matters more to them now than ever before, with many (74%) expressing worry about how organizations handle their personal data. The survey, conducted by TELUS, a company recognized for its commitment to customer privacy and data security, examined Americans' attitudes towards data privacy, trust in organizations, and expectations for responsible data practices, highlights the critical need for companies to prioritize ethical data management and transparency as Artificial Intelligence (AI) and other technology rapidly evolves.

TELUS logo (CNW Group/TELUS Communications Inc.)

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 86% of Americans wanting to see AI develop with care. Having AI presented with clarity and transparency is important to Americans (81%). Finally, 74% of respondents want AI development done in consultation with everyday people, not just academics or technologists.

"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) U.S. AI Safety Institute Consortium (AISIC), acting as a member of the Canadian delegation for G7 Business, and forming a strategic partnership with Mila - Quebec Artificial Intelligence Institute, for example. By prioritizing trust, TELUS aims to create a future where everyone can confidently embrace the benefits of technology.

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 $20 billion in annual revenue and over 19 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. The numerous, sustained accolades TELUS has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of TELUS' global-leading networks, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better.

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 $1.7 billion, including 2.2 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world. Together, let's make the future friendly.

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 

Cision 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.

Copyright 2024 PR Newswire

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