How can businesses strike a balance between leveraging advanced technology to streamline operations and maintaining ethical standards in data collection and privacy protection for their customers?

Businesses can strike a balance between leveraging advanced technology and maintaining ethical standards by implementing clear data privacy policies and obtaining explicit consent from customers before collecting their data. They can also invest in robust cybersecurity measures to protect customer data from breaches and unauthorized access. Additionally, businesses can regularly review and update their data collection practices to ensure compliance with evolving privacy regulations and standards. By prioritizing transparency, accountability, and respect for customer privacy, businesses can effectively leverage technology while upholding ethical standards.