Semasio’s co-founder and CEO, Kasper Skou, had the opportunity recently to speak to attendees of Project A’s annual Knowledge Conference – PAKCon – about “The Future of Targeting in an increasingly Privacy-First World”. Every year, PAKCon brings together people interested in digital innovation, venture capital, and entrepreneurship to share best practices on everything from marketing to sales, data science to product management.
Kasper and Project A Founding Partner, Florian Heinemann, took a look at the challenges of targeting in a privacy-first era. When targeting began in the “noughties”, as Kasper is fond of calling the early 2000s, the approach was contextual. Third-party cookies hadn’t yet come into broad use, and the assumption was that advertising should reflect the message on the page. If you were looking at pages that addressed new car models, for instance, then the chances were that you were in the market for a new car. If you were reading about watches, then you might be looking to buy a new watch.
The teens gave us performance targeting. With third-party cookies, we could challenge some of those early assumptions by targeting individual users and their specific interests. Third-party cookies allow advertisers to track users across the internet, from one site to another, and to target them wherever they go. This showed us that a wider range of variables drive purchasing impulses. User activity had more to say about how and when a person would respond to a digital ad, and more importantly, what kinds of ads they would respond to. We discovered that ads could be successful regardless of context if they accounted for individual user activity.
What’s past is prologue
The move into the privacy-first era means that much of that targeting is either useless or moribund. Even if Google has delayed its deprecation of third-party cookies in Chrome to 2023, privacy-first policies in Firefox and Safari mean that user-level targeting is already impossible for many consumers. Either the browsers are automatically set to block third-party cookies, or the consumer chooses to block them. In either case, user-level targeting no longer performs as it once did. It’s a simple fact that the industry doesn’t talk enough about.
But there’s good news
As Kasper points out in his talk, the elements of sustainable targeting in the privacy-first era are already there, and in fact, some organizations are already using them. Audi Denmark has had proven success with a privacy-first approach. Although we’re not sure whether the terminology will take hold, Kasper and Semasio like to think of the future in terms of truly Unified Targeting.
Unified Targeting is a new discipline that bundles together all the approaches of the past to create a future-proof targeting solution. By using an entire portfolio of different attributes, including user identifiers, page URLs, device types, geo location, time of day and day of the week, as well as extending those data sets to enrich each other, Unified Targeting is designed to give users the data they need to make the best possible decision to influence consumers’ buying decisions.
Why does Unified Targeting work?
Check out Kasper’s masterclass to learn more about why Unified Targeting creating new opportunities in our cookieless future.