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DS News May 2021

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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62 Roughly a year ago, our daily lives changed dramatically, accommodating new ways of living to protect our health as wearing masks in public and working from home full time became the norm. As a result of this adapted lifestyle, whether it be the shift to remote work or the increased use of grocery-delivery services, technology use advanced at an insanely rapid rate. Seventy-one percent of respondents noted that their technology use increased in the last year in order to keep up with these changing times. So, what can this experience tell us about emerging technology and society's trust in it? A recent survey conducted by Hyland, a content services provider for the financial services industry, analyzed how the response to COVID-19 has affected society's trust in emerging tech. Surprisingly, the results indicated that there are many consumers who are feeling less confident than ever in their use of technology and some of the new applications and solutions created to support the evolving business climate. e results show that familiarity plays a huge role in consumers' trust in technology. As new advancements such as 5G, artificial intelligence, blockchain, and RPA emerge, so do the concerns and skepticism from the public. Forty-one percent of consumers said that they distrust new use cases of artificial intelligence (AI). While new technologies bring a level of skepticism, they also act as incredible opportunities for organizations and the consumers. It is important to understand the role content plays in creating new customer experiences, and tech leaders need to voice this positive impact to wary consumers in order to educate them and debunk any myths regarding these new advancements. It's rational to believe Feature By: Steve Comer OVERCOMING DIGITAL DISTRUST Today's consumers expect a proactive approach to deliver the innovative products and services they need.

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