How can companies strike a balance between providing personalized experiences to customers and respecting their privacy boundaries in an increasingly data-driven world?

Companies can strike a balance between providing personalized experiences to customers and respecting their privacy boundaries by being transparent about the data they collect and how it will be used. They can also give customers control over their data through opt-in/opt-out options and clear privacy settings. Implementing strong data security measures and complying with data protection regulations can help build trust with customers. Additionally, companies can use anonymized data and aggregate information to personalize experiences without compromising individual privacy.