Revolutionizing Consumer Data Analysis: The Development and Impact of a Unique Customer Identifier |
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| © 2023 by IJCTT Journal | ||
| Volume-71 Issue-12 |
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| Year of Publication : 2023 | ||
| Authors : Kaushikkumar Patel | ||
| DOI : 10.14445/22312803/IJCTT-V71I12P111 | ||
How to Cite?
Kaushikkumar Patel, "Revolutionizing Consumer Data Analysis: The Development and Impact of a Unique Customer Identifier," International Journal of Computer Trends and Technology, vol. 71, no. 12, pp. 61-74, 2023. Crossref, https://doi.org/10.14445/22312803/IJCTT-V71I12P111
Abstract
This paper introduces the Unique Customer Identifier (UCI) system, a significant innovation in financial data analysis that effectively balances the need for data utility with privacy concerns. Developed initially in the United States and later extended to international markets like the UK and Australia, the UCI system employs advanced one-way encryption techniques to convert sensitive Personally Identifiable Information (PII) into anonymized yet unique identifiers. This transformation allows financial institutions to securely link consumer data across various platforms without compromising individual privacy. The system not only adheres to international data protection standards but also enhances the accuracy and depth of financial market analysis, offering new insights into consumer behavior and trends. The paper delves into the development, methodology, and impact of the UCI system, highlighting its role in reshaping financial data analysis and its potential implications for future data privacy and consumer insights strategies.
Keywords
Unique Customer Identifier (UCI), Financial Data Analysis, Personally Identifiable Information (PII), Data Privacy, One-Way Encryption Techniques, Consumer Behavior Analysis, Data Security Standards, Market Trend Insights, International Data Protection Compliance, Anonymization of Financial Data.
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