Our latest research shows that despite a recent increase in trust for the global technology sector, an overall 10-year decline has seen it lose a near-unanimous top spot in many countries, especially the UK. Long-term indicators suggest that tech brands must move quickly to protect their reputation amongst the UK public by building a new vision of technology.
64%
of UK public trust the technology sector.
But only
28%
Say technology companies are doing well on societal impact.
Just
39%
believe technology companies are led by people who genuinely care about the welfare of people and society.
Only 25% of the public believe tech companies are doing what they should to reduce their impact on climate change
The UK alongside seven of the developed markets in this 15-country survey has a deep distrust for foreign-based tech companies. Why? 65% of the population don’t trust the governments of these countries
The UK has amongst the lowest levels of trust anywhere for emerging technologies including cryptocurrency (27%), blockchain (28%), Web 3 (33%), VR/AR (36%) and AI (38%)
The UK has a relatively strong section of early adopters when it comes to adoption of autonomous tech (Robotics, Self-driving cars etc.),
• 59% of those who know a about autonomous technology believe it will have a positive impact on society, on average
• Globally, people are nearly 13% more likely to feel accepting of autonomous tech if tech companies create a vision of the future they can believe in
Demonstrate societal leadership:
• 66% believe technology will have a positive impact of economic competitiveness
• 26% think Tech CEOs are doing well on using their power to benefit society as a whole
Bring greater controls around data:
• 78% say tech firms must store personal data only in countries with strict data protection laws in order to feel comfortable sharing their data
• 77% on average, want tech companies to give them more control of their data to make them feel comfortable sharing it
Provide more education on emerging technologies:
• 58% say government regulators do not have adequate understanding of emerging technologies to regulate them effectively
• People’s trust will increase when emerging technology firms communicate the benefits (40%) alongside concerns (36%) and develop a code of ethics for their use (35%)
Bring the message home:
• Above technology industry experts, people see workplace IT support (59%) and family & friends (55%) as more credible sources of truth on technology and innovation
• Employers (57%) are seen as the most believable source of truth on tech and its impact on society among those in the UK, more believable than scientific reports (54%), media reports (40%) and social media feeds (22%)