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Edelman Survey: Trust in tech industry increases over all others

By | February 3, 2010, 11:40am PST

Summary: Trust in the tech industry is on the rise, says Edelman survey.

The 2010 Edelman Trust Barometer found that the technology industry has the highest level of trust. And it has widened its lead over all other industries.

- U.S. trust in technology is 78 percent, China at 83 percent and India at 88 percent.

- Tied for the second most trusted industry is Biotech and Automotive at 63 percent, followed by Energy, Retail and Food at 61 percent.

- Only 38 percent trust media (as an institution) to do what is right, down from 46 percent in 2008. Media companies (as an industry) have declined in credibility by 16 points (from 48 to 32 percent).

- In the U.S., media companies are tied with the insurance industry for last place. Banks are second from the bottom.

Although media as a whole lost trust. Does this mean that tech industry media has a higher level of trust because it’s about the tech industry?

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Tom Foremski reports on the business and culture of Silicon Valley at the intersection of technology and media.

Disclosure

Tom Foremski

Tom Foremski is the editor and publisher of Silicon Valley Watcher and Silicon Valley Watch. Tibco Software is an advertiser.

Biography

Tom Foremski

In May 2004, Tom Foremski became the first journalist to leave a major newspaper, the Financial Times, to make a living as a full-time journalist blogger. He writes the popular news blog Silicon Valley Watcher--reporting on the business of Silicon Valley.

Tom arrived in San Francisco in 1984, and has covered US technology markets for leading computer journals around the world.

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