While product innovation and competence have powered Tech’s high trust levels in years’ past, our latest research shows that increasing geopolitical challenges, a growing divide between developing and developed markets and a lack of societal leadership in the sector are putting Tech’s high trust at risk.
76%
of people trust the technology sector.
But
91%
of people’s definition of the sector includes social media and/or digital applications.
And respondents in developed markets are
10%
less likely to trust the tech sector if social media is part of their definition.
In 14 out of 15 markets surveyed, respondents trust domestically-headquartered tech companies more than foreign-based tech companies. Why? Among those who distrust foreign-based tech companies, 54% cite distrust in their governments as their reason.
On average, 73% of global respondents worry about their data privacy.
65% worry tech will make it impossible to know if what people are seeing or hearing is real, a 6-point increase since January 2021.
60% agree that the use of technology to replace human workers will increase income inequality.
Only 4 in 10 say that tech companies are doing well on reducing their impact on climate change, as well as ensuring suppliers are environmentally conscious and engaged in fair labor practices.
68% agree that tech companies should be required to contribute resources to the reskilling of workers displaced by their technologies.
Only 42% say tech companies are currently doing this well, and that agreement is even lower across developed markets.
In developed markets, only 44% say that tech companies are led by people who genuinely care about the welfare of people and society, and less than 4 in 10 globally say that CEOs are doing well on using their power to benefit society as a whole rather than indulge in their own personal fantasies.
This survey was fielded between August 31 and September 12, 2022.
15
Markets
15K
Respondents (employed, age 18+)