Tech Sector Undergoing Massive Trust Crisis, Futurist Warns

At the Credit Suisse annual Asian Investment Conference last Tuesday, futurist Chris Riddell said that the global market is undergoing a trust crisis and major tech brands have to work to regain consumer confidence in terms of data safety.

Riddell added that while users are now more willing to share their data, incidents such as data breaches at major companies break trust and confidence.

He also took a shot at giants such as Google and Facebook, and said that we are now in an era of category killers where an organization can completely dominate an industry.

Source: CNBC

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