Avoiding the 3rd party cookie graveyard — Quimby Melton // Confection
- Part 1 Avoiding the 3rd party cookie graveyard — Quimby Melton // Confection
- Part 2Why CRM, DSP, & Automation is only 75-80% effective — Quimby Melton // Confection
Show Notes
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02:02Avoiding the thirdA lot of the information available on the topic is misleading, especially to marketers. The main focus should be on preparation for the coming changes to data management online.
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02:48Preparing for the future of data managementIts important to understand the way data moves around online. The biggest hurdle to be faced is not having access to data you did not collect as a result of blocked scripts.
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04:33What a script is on a thirdA script is a tool that gathers user-data from their activities on a site. With the coming changes, collecting and sharing third-party data will no longer be an option to marketers.
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05:30Which marketers will survive the changesMarketers who build strategies around privacy. Additionally, marketers who can maintain first-party data while acquiring contextual data from relevant sources will survive.
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08:07ThirdMarketers can use third-party data to better understand a piece of first-party data. While not as effective, data can be purchased from a third-party vendor.
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11:21Why marketers should acknowledge privacy concernsGiving consumers control over their data helps businesses identify potential customers faster. Knowing who to target will inevitably lead to higher returns.
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12:14Why deprecating thirdMost of the benefit goes to the consumer in the form of data control. Marketers will rely more on first-party data which ultimately generates a more personalized experience for the consumer.
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13:37Keeping your business alive without thirdCollect enough first-party data to have it effectively replace how you would have used third-party data. In the long run, this will help build audience engagement.
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15:00How webforms will changeForms that capture and send customer information out to third parties will be affected. HTML type forms should remain unaffected.
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16:00How Confection helps companies understand engagementConfection provides contextual data to help companies give meaning to their first-party data. Unlike others, Confection relies on the server instead of on the browser level for information processing.
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16:49Emerging sources of firstEvent tracking will be the default for identity resolution on the server side of things. Using AI to link data on the audience and user level is another source being developed.
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18:16How Confection differs from a traditional thirdConfection acts as a data handler. Their responsibility is to ensure that collected data goes from the clients site to their account, and then on to the designated end-point.
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20:09What sets Confection apart from its competitorsConfection does not sell data collected for one client to another. The first priority is to facilitate first-party relationships between businesses and their customers through contextual data.
Quotes
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"The issue is more than just third-party cookies and more than just cookies themselves. It's really about the way that we move information around on the web." -Quimby Melton, CEO & Co-Founder, Confection
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"When people talk about third-party cookie disruptions, they're referring to not having access to data that they did not collect on their own." -Quimby Melton, CEO & Co-Founder, Confection
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"If we arent proactive about building a strategy that embraces privacy first, we will find ourselves constantly paying rent to social media companies to access their audiences." -Quimby Melton, CEO & Co-Founder, Confection
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"It is necessary to maintain first-party data. Otherwise, well return to a mad men model where you're just running ads towards a monolithic audience group." -Quimby Melton, CEO & Co-Founder, Confection
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"We need to make sure we are collecting first-party data in ways that are compliant and make people comfortable." -Quimby Melton, CEO & Co-Founder, Confection
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"Not relying on third parties enables you to use your own data to enrich certain endpoints you also control. You check the compliance box, business use case box, and personal privacy box." -Quimby Melton, CEO & Co-Founder, Confection
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"Giving people more control over their data helps to identify relevant prospects and the most engaged people in your audience a lot faster." -Quimby Melton, CEO & Co-Founder, Confection
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"It could be a product or an idea in the form of a book. When we connect with those things, as a result of digital marketing done well, there's a certain magic to it." -Quimby Melton, CEO & Co-Founder, Confection
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"The real challenge is collecting enough first-party data that can be used like third-party data. That should help people build better relationships with their audiences." -Quimby Melton, CEO & Co-Founder, Confection
- Part 1 Avoiding the 3rd party cookie graveyard — Quimby Melton // Confection
- Part 2Why CRM, DSP, & Automation is only 75-80% effective — Quimby Melton // Confection
Up Next:
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Part 1Avoiding the 3rd party cookie graveyard — Quimby Melton // Confection
Quimby Melton, CEO and Co-Founder of Confection, talks about ways to use data in an ever changing landscape. Personalization is the backbone of digital marketing. For the longest time, marketers have used third-party cookies to improve user experience and better target their audience. With third-party cookies on the way out, Quimby discusses how to avoid the third-party graveyard.
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Part 2Why CRM, DSP, & Automation is only 75-80% effective — Quimby Melton // Confection
Confection’s CEO and Co-Founder, Quimby Melton looks into the effectiveness of CRM, DSPs, and automation. Companies will need to heavily rely on first-party data going forward. And this means the quality and accuracy of that data is just as important as the data itself. Quimby takes a closer look at why CRM, DSPs, and automation are only 75-80% effective.
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