Audience Targeting Learning First Party Data

Not all data is created equal – how to rebalance the marketing data mix

By Jenni Baker, Senior Editor

May 16, 2023 | 7 min read

Sponsored by:

Sponsored content is created for and in partnership with an advertiser and produced by the Drum Studios team.

Find out more

Third-party data is coming back – but how can marketers maximize consistent audience insight across the customer lifecycle?

Man holding a rail on the subway - pink purple hue

First-party data is the engine – but you need other components to make it work

The internet has long been hailed as the most measurable marketing medium ever – but it’s also the most opaque in terms of how marketing messages are targeted at their recipients. The prime culprit – the third-party cookie – is being phased out and the use of third-party data is now tightly regulated, leading marketers to move away from using it. But has the pendulum swung too far?

Data is more critical to marketing success than ever before, offering insights across the consumer lifecycle that can make or break a campaign. But not all data is created equal. First-party data collection is a core strategic priority for many organizations. However, by putting too much emphasis on this, marketers are missing out on a wealth of permissioned third-party data still available.

A new report from Experian and The Drum explores how by using first- and third-party data together, marketers can achieve better customer understanding and more accurate targeting, as well as greater scale for their campaigns with greater efficiency, than they can with first-party data alone, which leads to better outcomes for the brand and the consumers they serve.

First-party data is the engine – but you need other components to make it work. You need third-party data to model out your first-party data. That’s according to experts from Lotame, Samsung Electronics Europe, Finecast, Arcelik Global, Nestlé and Experian – who provided their insights and perspectives to help shape the report.

Advertisers want to understand their customers (and potential customers) better, to communicate with them more effectively and offer better products and services. Agencies too want that understanding, but they also need to locate it in the broader context of consumer behavior. Hence planning and activation platforms need to understand what other data and insights are available to meet the demands of advertisers and agencies.

By incorporating third-party data, all parties can develop more rounded consumer insights to deliver more effective and efficient campaigns.

Fill in the form below to download the report and learn:

The important role that consistency, scale, activation and linkage play in a brand’s datasets
How third-party data can supplement and add value at each stage of the consumer lifecycle
How to combine contextual first-party data with external, third-party data to ensure a win-win for brands and consumers.

Suggested newsletters for you

Daily Briefing

Daily

Catch up on the most important stories of the day, curated by our editorial team.

Ads of the Week

Wednesday

See the best ads of the last week - all in one place.

The Drum Insider

Once a month

Learn how to pitch to our editors and get published on The Drum.

Audience Targeting Learning First Party Data

Content created with:

Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college,...