More than 70 per cent of consumers also would share that data for benefits including more-rapid loan approvals, discounts on gym memberships and personalised offers based on based on current location, according the report, which is based on Accenture’s global Financial Services Consumer Study. At the same time, however, people believe that privacy is paramount, with 83 per cent of respondents saying they are very cautious about the privacy of their personal data. Data security breaches were the biggest concern for consumers in Thailand, tied with increasing costs, when asked what would make them leave their bank or insurer. The survey was done online in May and June last year, drawing on of 47,000 consumers in 28 markets. Respondents were required to have a bank account and an insurance policy and covered multiple generations and income levels. Nontawat Poomchusri, country managing director and financial services practice lead for Accenture in Thailand, said … [Read more...] about Consumers want to be rewarded for shared data
Making sense of big data
By Kathy English Public Editor Thu., May 2, 2019 Why does journalism matter? I asked. You answered. In anticipation of today’s World News Day, a time to recognize and celebrate the power of journalism to make a difference in people’s lives, I asked for your perspectives on why journalism matters to you. The responses, as always when I reach out to Star readers for your views were (for the most part) thoughtful and constructive, showing tremendous insight into the value of the public service mission of journalism and deep appreciation both for journalism’s purpose in our democracy and for the work of journalists who aspire to journalism’s highest ideals. Thank you to all who participated. Here is some of why you believe #NewsMatters: Good journalism speaks truth in the face of lies, without fear or prejudice. When the public is confused by those with powerful self-interest, then the duty of the journalist is to lay bare the facts as (s)he … [Read more...] about ‘Great journalism holds the mirror to our souls’
Yes, we know HDB flats should be homes first and retirement funds second, and so on. But let’s be honest: Everyone wants to know what the big pay-off could be, besides shelter from the elements. Here’s a look at the numbers.WHICH FLAT TYPE APPRECIATES BEST?To find some answers, we looked at price movements of 3-room, 4-room and 5-room HDB flats over a period of 15 years. Starting with Singapore as a whole, here’s what we found:3-room HDB flats have appreciated by around 69 per cent. The average price of a resale 3-room flat today stands at around S$299,000, up from an average of S$176,800 back in 2004.4-room flats have appreciated by around 78 per cent. The average price of a resale 4-room flat is now around S$425,275, up from around S$238,300 in 2004.5-room flats lag just slightly behind 3-room flats, appreciating by around 68.57 per cent. The typical price today is around S$526,850, up from around S$312,500 on 2004.As such, we can see that 4-room flats show the … [Read more...] about Which type of HDB flat gives the best returns: 3-room, 4-room or 5-room?
For innovation to succeed, it should meet people’s needs and wants. Brands can build better relationships with their consumers and audiences if they are able to do that. It can also help preserve the long-term benefits of a digital economy that works for all. This is one of the central messages that emerges from the Digital Society Index 2019, a project of Dentsu Aegis Network (DAN) developed in collaboration with Oxford Economics, which combines a primary survey of more than 43,000 people across 24 countries with economic and statistical analysis. Trust in big tech is falling. This survey first started in 2018, and even the collapse in trust in the use of digital technologies has been observed. The number-one cause of distrust is the misuse of personal data. Stronger regulation of technologies like artificial intelligence is being proposed. And social media has been blamed for both political polarization and misinformation. Thirty years from the birth of the World Wide Web and … [Read more...] about The Digital Economy gives you the power to be a better version of yourself