CDP Institute

Looking at consumer attitudes more broadly, Merkle offers a very interesting chart plotting how consumers rate the value vs invasiveness of different kinds of messages. They also report that quality, price, reputation, service, and brand loyalty all rank ahead of personalization as reasons to buy. Catalyst Digital and Kantar found that ecommerce buyers put convenience, shopability, and assortment ahead of price, perhaps reflecting supply concerns during the pandemic. Personalization wasn’t on the list.

Circling back to privacy, KPMG found that 68% of U.S. consumers don’t trust companies to sell personal data in an ethical way. Ponemon Institute found 74% of consumers feel they have no control over personal data collected about them, 66% feel they’ve received ads targeted on search behavior or private information, and 64% think it’s creepy when that happens. Both reports found a majority of consumers want more government regulation of how their data is used.

You might think that CMOs losing control of tech budgets is bad news. But when CMO found CMOs owning at least 90% of their tech budget fell to 21% from 38% a year ago, their sunny interpretation was that martech is now a higher corporate priority. They didn’t comment on the drop in CDP investment priority from sixth to 14th. Lots more here of interest.

Gartner has also been polling CMOs. They found brand strategy has vaulted from ninth to first on the list of strategic capabilities, while martech has fallen slightly from sixth to seventh. They also found that 44% of CMOs are facing budget cuts due to the pandemic, a result similar to other surveys.

Definitely on the bright side, Optimove has released “self-optimizing journeys”, which autonomously determines the next best action for each individual customer. While next best action isn’t new, Optimove says its approach looks beyond short-term metrics to maximize lifetime value. Good stuff.

It’s become a cliché to say that loss of third party data makes first party data more important. This IAB study supports the notion, finding that spend on data management, including CDPs, grew 9.8% in 2019 to reach $5.5 billion while spend on third party data grew only 6.1% to reach $11.9 billion. Both are down in 2020 due to the pandemic, which has also replaced privacy regulation as marketers’ top concern.

Funding shift or not, marketers still want as much third party data as they can get. Their latest effort is the Partnership for Responsible Addressable Media, an industry-wide effort including trade groups, advertisers, agencies, and publishers. The goal is to create standards that meet privacy needs with the least possible loss of data collection, protecting advertisers from both government and big tech.

CDPs are combine both first- and third-party data, and identity resolution is how they’re connected within the CDP. So it makes sense that CDP Amperity has just announced an integration with Infutor, which does collects third party data both to enrich customer records and to enable better identity matching. Look for more alliances like this.

I guess there’s some irony in talking about location tracking at a time when much of the country is rarely leaving home. But the pandemic shall pass and when it does, marketers will be eager to connect the dots between advertising and in-store customer behaviors. Which brings us to this announcement that location-based ad and attribution vendor Reveal Mobile is partnering with Tapad, which will help them to measure retail foot traffic and target store visitors (and their households) across devices.

Somewhere in the same neighborhood, grocery giant Kroger and publishing powerhouse Meredith have hatched an alliance to apply Kroger shopping data to Meredith ad audiences. Brand advertisers will be able to buy shoppable ads on Meredith properties that push items directly into Kroger online shopping carts. Or maybe they push items into real-world shopping carts, which would be an even better trick.

Now that you’re all excited about location-based ad targeting, here’s a reality check: this Airship study of nearly 750 million app users worldwide found just 10.7% actually opt into location sharing. The rate is a much higher 23% for retail apps and has grown 39% during the pandemic, reversing a long-term decline in recent years. So don’t get the idea that location-based ads will have anything like universal coverage. You’re welcome.

How badly have marketers been hit by the pandemic? More than half – 55% — reported a budget cut, according to this Chief Marketer study. The marketing mix is also changing, with growth in social media, content marketing, influencer marketing, and email. Losers include search marketing, referrals, and, of course, live events.