Several IT players, including Apple and Google, have announced the end of third-party cookies. It was Apple who first declared that it would no longer share personal data stored by iPhones. Google made a similar announcement but then changed its mind before setting up a deadline of 2024. Other B2C IT players are expected to follow suit and the trend will have a significant impact on the way marketing campaigns are conducted on Internet, fixed or mobile.
Over the past few years, an ecosystem of digital agencies, data analytics companies and other players has emerged. It has allowed to make connections between all the cookies to better understand browsing and purchasing behaviors, therefore allowing for more accurate consumer targeting. To such an extent that one could claim that Google or Apple knew more about their customers than the customers themselves. Is this programmed end of third-party cookies synonymous with an ‘apocalypse’? Or is it a blessing?
Towards multiple agreements to better target marketing campaigns
Such bilateral agreements should be developed. It is conceivable for a brand that knows the buying behaviors of its own customers through its e-commerce site to understand the uses, tastes and preferences of people who are not yet customers. Blogs or specialized information sites are potential candidates for these agreements in various industries such as cosmetics and fashion, cookware and even car repair.
This implies a technological evolution to facilitate the re-internalization of data analysis. By taking back control of their digital footprint, brands (and their partners) will benefit from the potential value of their data. Hence the implementation of artificial intelligence or fine data analysis platforms.
The starting point is CRM (Customer Relationship Management) data, i.e. transactional data. It is completed by browsing data, then by comments from a blog chat or social media. Thanks to data, you can get a vision of the demand for a product, or even create this demand through an ad hoc marketing action. Let’s specify that the analysis of marketing performance will have to change as well. Without third-party cookies, the measurement of attribution for each consumer will disappear. On the other hand, the Marketing Mix Modeling (MMM) measurement will be of great interest. It allows a vision of the return on investment of a marketing campaign, including the advertising campaign, but also the promotional campaigns, the pricing policy and the actions of competitors.
Five steps to better navigate the end of third-party cookies
Here are five critical steps to consider when dealing with the end of third-party cookies:
Finally, the planned obsolescence of third-party cookies is not the beginning of an ‘apocalypse’ for marketing and communication players but a way to find new tools and strategies. As our global economy seems to be heading towards recession, innovation remains the best way to come out better armed to sell products and services.