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Archive for February, 2024

Dates : February 2024

Consumer Goods Leaders Look to Efficient Growth, Digital Engagement: Salesforce

February 9, 2024
CG companies are focused on increasing margins with 90% expecting profitable growth over the next two years, says Salesforce in its “Consumer Goods Industry Insight” report. They are also investing in digital marketing, with social media being the number one channel, as well as digital service and D2C sales. The industry is effective at collecting data (the number of sources has almost doubled since 2021), but less effective at activating it.
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Most Marketers are Positive About Results from Retail Media: Skai

February 9, 2024
Skai, the omnichannel marketing platform (formerly Kenshoo) reports that 77% of marketers surveyed for their “State of Retail Media” report saw good to excellent results from retail media. Only 3% saw poor results and none said results were terrible. Interestingly, the report found brands and agencies misaligned, with brands seeking online/offline retail opportunities while agencies manage retail media like just another channel.
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CDP Institute Adds Composable CDP Self-Assessment Tool

February 8, 2024
Fewer topics are buzzier these days than Composable CDPs, and the CDP Institute is adding its little kazoo with a Composable CDP Knowledge Hub, featuring a Self-Assessment Tool to help members determine which features to look for to create a complete solution.  There’s also a vendor-neutral, Institute-written paper with an overview of the topic, links to our Build vs. Buy vs Compose training course, and other goodies.  Did we mention that it’s all free?
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UK Government Blocks Third-Party Cookie Deprecation For Now

February 6, 2024
The Competition & Markets Authority, a U.K. government department, reiterated in a new report that Google cannot proceed with third-party cookie deprecation until competition concerns are resolved. In particular, the CMA says that the Privacy Sandbox must not be used to reinforce the existing market position of Google ads. It’s not clear how the CMA’s position impacts Google’s earlier move to allow 300 million global users to disable cookies.
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Consumers will Share Data with Brands on Their Own Terms: Attest

February 6, 2024
Almost half of consumers will share data with brands on their own terms, according to a survey of 1,500 U.S. consumers by consumer research platform Attest. No fewer than 84% shared concerns about data privacy, while many were ready to opt out of mailing lists and decline non-essential cookies. Attest sees big opportunities here for zero-party data, information that consumers actively and willingly share.
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Composable Data Layer Architecture in Brands’ Sights for 2024: Winterberry Group

February 6, 2024
In a wide-ranging report, growth consultancy Winterberry Group identifies composable data layer architecture as a possible trend for 2024 with the market moving away from monolithic marketing suites. Composability allows marketers to assemble, disassemble, and reassemble technology components to meet evolving needs. Two major challenges that will continue to confront marketers this year: data quality and the need to integrate data from disparate sources.
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