How can companies strike a balance between providing personalized virtual interactions with customers and respecting their privacy concerns, while also ensuring that their data collection practices are in compliance with current regulations?

Companies can strike a balance by being transparent about their data collection practices and obtaining explicit consent from customers before collecting personal information. They can also implement robust security measures to protect customer data and only use it for the intended purpose. Additionally, companies can offer customers control over their data through options to opt out of data collection or adjust privacy settings. Regularly reviewing and updating data protection policies to ensure compliance with current regulations is crucial in maintaining trust with customers.