At the same time, consumers are increasingly demanding the safeguarding of their personal information and privacy. And they want that protection on terms that they can adjust at any time. 

The new manifesto of the digital marketer is personalization and privacy.

Data privacy and personalization can be complementary

Data privacy and personalized digital marketing are not mutually exclusive. Successful marketing teams almost always view them as complementary, especially as advertising based on third-party identifiers is replaced by addressable — but still highly effective — media targeting based on consented first-party data.

With that, brands are now looking to data providers that can enrich their first-party data, enabling them to offer more personalized engagement with their current customers and target advertising to ideal prospects with whom no direct relationship has been established. 

Finding the ideal data partner — one that can enable such accurate, privacy-compliant media targeting — requires consideration of important issues, such as privacy compliance, quality and first-party data.

A marketer’s privacy compliance is only as good as their data partner’s compliance 

Data providers are tasked with delivering the most powerful data elements or pre-built audiences possible. But the ability to create very precisely targeted audiences also carries the responsibility to use consented data for which there is a transparent chain of custody. This begins with the consumer’s permission to gather and use the data. 

Marketing teams must ensure their data partner takes this responsibility seriously. Not only is it necessary to stay on the right side of consumer sentiment and regulatory governance, but it will also help prevent missteps and liability down the road.

Question the quality and provenance of the data

Data providers with which marketing teams consider working should clearly explain the provenance of their data assets. Provenance relates to both privacy compliance and quality. Because lack of insight into data provenance can lead to inaccurate media targeting or regulatory penalties, it’s crucial to ask the tough questions, such as does the data meet the latest and likely future standards of privacy compliance? How often is the data refreshed? How diverse are the sources from which it is composed? Is the data genuinely unique, or is it duplicative of other sources? Is there some way to test it before going all-in? 

If a prospective data partner is reluctant to answer these questions, it may be due to weaknesses in their data provenance that they’d rather not disclose.

First-party data isn’t just hype — it’s absolutely necessary 

Creating the most effective digital audiences requires optimal use of first-party data collected by a brand or publisher directly from and with its customers’ permission. It should be augmented with second-party data, which consists of other …read more

Source:: Digiday

Author: Aaron