Why Marketers Are Still 'hedging their bets' on a Google Breakup, and the End of Cookies
Next in Media spoke with Joe Doran Chief Product Officer at Epsilon, about whether we're likely to see a slew of walled garden anti-trust battles, why brands need to prepare for a world with less data regardless of what happens with cookies, and whether AI is taking over media buying.
Takeaways:
Consumer Choice and Privacy
- The industry's focus is shifting toward respecting consumer choice and privacy, driven by regulatory scrutiny and evolving technology.
- Marketers must adapt strategies to align with a more privacy-conscious ecosystem.
Post-Cookie Strategies
- The decline of third-party cookies necessitates investing in first-party data management.
- Marketers should leverage identity-based systems, data collaboration, and advanced technologies like AI to overcome tracking challenges.
Adapting to Regulatory Changes
- Regardless of political or regulatory changes, marketers must prepare for a consumer-centric privacy landscape.
- Businesses that hesitate to adapt risk falling behind in a rapidly evolving digital ecosystem.
Retail Media Growth
- Retail media networks are expanding rapidly, with major players like Amazon and Walmart leading the charge.
- Smaller retailers face challenges in aggregating and optimizing their media offerings, presenting opportunities for consolidation and innovation.
AI in Media Planning and Execution
- AI is transforming media planning and buying by automating repetitive tasks and optimizing outcomes.
- Strategic decisions still rely on human input, but AI supports scalability and efficiency.
Guest: Joe Doran
Host: Mike Shields
Sponsor: VuePlanner
Producer: FEL Creative
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