With Google having announced plans to phase out support for third-party cookies in Chrome within the next two years, there is a conversation in the market around how marketers and the adtech industry can find ways to identify and connect with customers.
LiveRamp recently hosted an industry panel session, in collaboration with Which-50 to discuss online identity in a cookieless world. Here’s what they have to say:
Browser Cookies – An Imperfect Tracking Mechanism
As the adtech industry shifts and changes with the deprecation of third-party cookies, we’re beginning a new era of engagement for individuals, publishers, and marketers. Industry-wide conversion to this new infrastructure is underway and this transformation promises a better online experience for all participants.
Ben Campbell, Director of Advertising & Data Products, Nine says, “Cookies and the changes that Google are making have been in the headlines because Chrome accounts for so much web traffic but, this is not a new thing. Safari phased out tracking across Safari’s browser about two years ago, and Firefox have done the same. Google is following suit here.”
“Cookies have been an imperfect tracking mechanism for some time. They are device-level identifiers not personal-level identifiers. They do not work in all environments such as mobile apps, connected TVs. They are not persistent in tracking the true identity of the consumer, so they have been an imperfect tracking tool for some time. And with browsers phasing out cookie tracking then that is going to be the death bed there,” says Campbell.
However, the industry has been working towards an open and scaled identity solution over the past few years to build the infrastructure for the ecosystem to move away from third-party cookies.
Campbell added, “In terms of technical developments, online identity has been really growing rapidly. At Nine, we’ve rolled out single sign-on across Nine back in 2016 and have continued to build up a pretty large scaled data set off the back of that. And that is built around using the email as the personal identifier and stitching the different devices to a user’s profile. We’ve now unified all the data across the metro mastheads and Domain after the merger with Fairfax. So, we’ve built out that large addressable data set and that is something that we see as a critical thing that we need to invest in.”
“LiveRamp’s open and neutral Authenticated Traffic Solution (ATS) allows brands, agencies, and publishers to operate in a post-cookie world – bridging publishers’ first-party identity with brands’ first-party data. This solution enables marketers to buy inventory in a privacy-first manner, without the need for third-party cookies. We see this decision as an opportunity for the ecosystem to upgrade beyond the cookie and accelerate the global adoption of cookieless solutions,” says Travis Clinger, LiveRamp’s VP for Global Strategy and Partnerships.
According to Campbell, “Brands are doing the same with building out their addressable data sets and certainly the marketing tech providers are doing the same with Adobe launching their customer data platforms last month and Salesforce launching theirs soon. So, there’s a lot of opportunities in the sense that a proper addressable data set brings capabilities that cookies don’t. The difficult part is getting to that scale which marketers are previously used to with third party cookies.”
As brands, publishers, and agencies work towards building out their first-party datasets, technologies like LiveRamp Safe Haven offers a neutral and privacy-safe environment to foster data collaboration.
Navigating Through Privacy Regulations in a Cookieless World
The influx of privacy regulations and their attendant transparency is a precursor to changes in the way we identify and track consumers online, with the removal of third-party cookies not coming as a too much of a surprise to the industry. The cookieless future will reinforce the need for publishers to have a more transparent dialogue with their readers and explain the need for identity and the ability to personalise ads for the consumer in exchange for free content with proper regulations in place.
Clinger states, “Over the years, we’ve observed a trend where consumers didn’t understand how their data was being used, so the governments have tried to react. In return, the adtech and martech industries have tried to meet the regulation adoptions as well. When marketers have a common people-based link that is de-identified in a privacy safe way, it is a lot easier to meet these regulations and a lot easier to adhere to customer consent.”
Adele Wieser, APAC Regional Managing Director APAC, Index Exchange adds, “It’s been fascinating to watch regulations unfold over the last couple of years – how they are shifting, and there’s more changes that are coming. We are seeing more changes in different markets from an Asia Pacific perspective.”
“Regulations help enforce that trust that has been lacking in the ecosystem,” Wieser elaborates. “It’s bringing consumers’ interests to the forefront and being kept top of mind. I dare say that as we continue there will be further evolutions to what those policies look like and how they are implemented, but as a technology business, we are taking all the steps necessary to support these changes as they come about based on the market demands.”
“If we look at the biggest beneficiaries of GDPR, it’s Google and Facebook. It has become easy for them to gain customer consent, as they communicate the value exchange well and the consumer is willing to provide their login details in return for great content. The question the industry should ask ourselves is how do we build an ecosystem that is good enough that we do not require any more regulations?”, comments Clinger.Read More at LiveRamp Australia