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8 in 10 Americans concerned about online data privacy, but 48% trust zero-party data collection | MarketingTech

8 in 10 Americans concerned about online data privacy, but 48% trust zero-party data collection | MarketingTech | The Marteq Alert | Scoop.it

The article highlights concerns among Americans about online data privacy, with 84% worried about their data when interacting with brands online. It shows a trend of consumers pulling back from sharing data, with 85% sometimes opting out of company mailing lists and 58% doing so habitually. Additionally, 48% of consumers are more likely to trust brands that collect zero-party data, which is shared willingly to help shape products and services.

Marteq's insight:

The emphasis on zero-party data collection reflects a shift towards more transparent and trust-building data practices, resonating with the potential of cross-web clickstream data to provide insights in a privacy-conscious manner. To explore effective strategies for leveraging such data types, download the Consumer Data Types Cheat Sheet at https://www.marteq.io.

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The data on data (and how to collect it better) | Typeform

The data on data (and how to collect it better) | Typeform | The Marteq Alert | Scoop.it

Typeform, a conversational data collection platform, released The Data On Data Report showcasing insights for creating effective forms and surveys. The report highlights the shift towards zero-party data collection due to privacy concerns and the decline of third-party cookies. In 2023, Typeform saw over 2.6 million forms published and 568 million submissions, with a 47.3% average completion rate:

 

  1. Incorporate visuals: Forms that feature images or video see a 120.6% increase in completion rates over forms that don't. 
  2. Keep forms to six questions or fewer: Forms with the highest number of responses asked fewer than six questions.
  3. Use multiple-choice questions: Typeform customers use multiple-choice questions nearly twice as often as the second-most popular question type, short text questions.
  4. Include 'exclusive' language: Forms that use phrases such as "be the first," "get early access," "members only," "only available," among others, yield 25% higher completion rates. 
  5. Use numbers at the start: Using a number within the welcome content provides clarity and boosts confidence, leading to a 7% increase in completion rates. 
Marteq's insight:

Cross-web clickstream data aligns with the main point of the article by offering an alternative to traditional data collection methods, focusing on direct consumer engagement and behavior analysis. This approach is particularly relevant for marketers seeking to personalize their strategies in a privacy-centric landscape. The Consumer Data Types Cheat Sheet available at https://www.voxtrack.ai offers valuable insights into different types of consumer data, including cross-web clickstream data, aiding marketers in crafting effective, privacy-compliant strategies.

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Study Finds Added Benefits When Buyers Embrace First- And Third-Party Data. | insideradio.com

Study Finds Added Benefits When Buyers Embrace First- And Third-Party Data. | insideradio.com | The Marteq Alert | Scoop.it
First-party data delivered a 52% increase in aided ad recall while audiences bought using third-party data had a 42% increase in aided ad recall. That compared to a 34% increase for recall among music streamers targeted using traditional demographic parameters.

The report says those matched audiences are also more cost effective at driving purchase intent. While demographic audiences have a $0.25 cost per person cost, it finds that those targeted using third-party data are much cheaper at a $0.09 cost per person.

The research is not implying that demographic targeting doesn’t work, but rather that first- and third-party data can be used to sniff out audiences that can be even more impactful at driving metrics like recall and purchase intent. The study finds that those streaming listeners who were sourced that way had more than three-times greater impact on purchase intent. While demo-based buys had a 6% lift on purchase intent, the matched audiences delivered a 19% boost.
Marteq's insight:

Granted it's relative to radio, but the data supports the notion that first party data provides a lift in ROI. There's an even greater lift when using cross-web clickstream data, exceeding 100%. For a deeper dive into the benefits of various types of consumer data, including cross-web clickstream data, the Consumer Data Types Cheat Sheet from VoxTrack.ai provides valuable insights. You can access it at https://www.voxtrack.ai/consumer-data-types-cheat-sheet.

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B2B GTM Teams to Focus on Alignment, Efficiency

B2B GTM Teams to Focus on Alignment, Efficiency | The Marteq Alert | Scoop.it

The article from Marketing Charts discusses the priorities for B2B go-to-market (GTM) teams in the coming year, emphasizing the importance of aligning marketing, sales, and customer success. It identifies efficiency as a key area for improvement and explores the growing role of artificial intelligence (AI) in areas like market research, target audience segmentation, and alignment of marketing, sales, and customer success. The article also notes that only a minority of respondents are currently using AI extensively, suggesting potential for growth in this area.

 

Marteq's insight:

The emphasis on alignment and efficiency in GTM strategies is crucial for B2B companies seeking to optimize their operations. AI's increasing role in marketing strategies indicates a significant shift towards more data-driven and automated approaches. The article suggests that while AI adoption in GTM is still emerging, its importance is recognized and expected to grow.

 

Recognized as a top MarTech Influencer, Joemktg brings a wealth of experience crafting and executing product launches, lead gen and go-to-market strategies designed to drive revenue. See our profile on UpWork: https://www.upwork.com/freelancers/~01a2acbcab42a2e1dd?viewMode=1&s=1017484851352698974.

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Big List of Community Powered Marketing Stats | Tint

Big List of Community Powered Marketing Stats | Tint | The Marteq Alert | Scoop.it
You are tuning in to the community powered marketing revolution already in progress; welcome to the 2024 Big List of community powered Marketing Statistics. The statistics on this list represent the culmination of over a year’s worth of research, with other supporting data included for context. Online communities have become pivotal for facilitating authentic interactions.
Marteq's insight:

There are excellent stats in this list to support your arguments, however, the original source is not provided so I doubt you can use them in a position paper. The data in the image above connects to the advantages of cross-web clickstream data, and you can download the Consumer Data Types Cheat Sheet from VoxTrack.ai, located at https://www.voxtrack.ai/consumer-data-types-cheat-sheet.

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How To Collect Data And Maintain User Trust | Forbes

How To Collect Data And Maintain User Trust | Forbes | The Marteq Alert | Scoop.it

A study by Attest on 1,500 consumers found 84% of Americans are concerned about data privacy online, with 41% very concerned. Users are less willing to share personal data, with 85% opting out of mailing lists and 58% almost always doing so. About a third reject non-essential cookies to avoid targeted ads, and 48% trust brands that collect "zero-party data" willingly shared for product improvement, preferring interactive surveys for data sharing.

Marteq's insight:

The concerns around data privacy align with the necessity for transparent and consent-driven data collection methods, such as cross-web clickstream data. This approach can provide valuable insights without compromising user privacy. For detailed strategies on ethical data use, download the Consumer Data Types Cheat Sheet at https://www.marteq.io.

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Personalized Advertising in E-Commerce: Using Clickstream Data to Target High-Value Customers | Algorithms 

Personalized Advertising in E-Commerce: Using Clickstream Data to Target High-Value Customers | Algorithms  | The Marteq Alert | Scoop.it
Clickstream data is employed in the algorithm to compute a Customer Merit (CM) index that measures the customer’s level of engagement and anticipates their purchase intent. The CM index is evaluated dynamically by the algorithm, examining the customer’s activity level, efficiency in selecting items, and time spent in browsing. It combines tracking customers browsing and purchasing behaviors with other relevant factors: time spent on the website and frequency of visits to e-shops. This strategy proves highly beneficial for e-commerce enterprises, enabling them to pinpoint potential buyers and design targeted advertising campaigns exclusively for high-value customers of e-shops. It allows not only boosts e-shop sales but also minimizes advertising expenses effectively. The proposed method was tested on actual clickstream data from two e-commerce websites and showed that the personalized advertising campaign outperformed the non-personalized campaign in terms of click-through and conversion rate. In general, the findings suggest, that personalized advertising scenarios can be a useful tool for boosting e-commerce sales and reduce advertising cost. By utilizing clickstream data and adopting a targeted approach, e-commerce businesses can attract and retain high-value customers, leading to higher revenue and profitability.
Marteq's insight:

Real data that demonstrates the power of clickstream data! For a detailed exploration of various types of consumer data, including the advantages of cross-web clickstream data, visit the Consumer Data Types Cheat Sheet at https://www.voxtrack.ai/consumer-data-types-cheat-sheet.

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Google Chrome's cookie shift | Social Samosa

Google Chrome's cookie shift | Social Samosa | The Marteq Alert | Scoop.it
During a survey carried out in late 2022, 75% of marketing and customer experience leaders stated that they heavily relied on third-party cookies. Additionally, 45% said that they were spending at least half of their marketing budgets on cookie-based activations and 64% said that they were planning to increase their spending on such activations in 2023.

 

Google Chrome's Tracking Protection feature, launched in 2024, marks a significant shift in digital advertising, emphasizing the move from third-party to first-party data. Industry experts highlight this change as an opportunity to focus on first-party data and contextual targeting, despite challenges like data fragmentation and limited reach. They foresee a rise in advertising costs and the need for new strategies for data management and personalized targeting. The transition also involves adopting privacy-preserving measurement techniques and innovative advertising formats, with a focus on building and maintaining customer trust.

Marteq's insight:

Cross-web clickstream data, offering detailed insights across user interactions, aligns with the industry's shift towards more ethical and privacy-focused data usage. This approach can help advertisers adapt to the new landscape by providing comprehensive behavioral data. VoxTrack.ai's Consumer Data Types Cheat Sheet, available at https://voxtrack.ai, offers valuable guidance on effectively utilizing such data in this changing environment.

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Google Makes Good On Its Resolution To Deprecate Third-Party Cookies In 2024

Google Makes Good On Its Resolution To Deprecate Third-Party Cookies In 2024 | The Marteq Alert | Scoop.it

The article on Forrester discusses Google's rollout of Tracking Protection, a feature that deprecates third-party cookies, affecting about 30 million Chrome users globally. This move, part of Google's Privacy Sandbox initiative, has raised concerns among regulatory bodies like the EU and Great Britain's Competition and Markets Authority about potential anti-competitive practices in digital advertising. Marketers are adapting their strategies in response, with many revisiting and accelerating their data deprecation strategies. The article advises marketers to test new targeting approaches, embrace new campaign performance measurement methods, and focus on zero- and first-party data collection. Forty-four percent of the B2C marketing executives we surveyed have implemented a first party data strategy in the past 12 months and 36% said they implemented zero party data experiences in the past 12 months.

Marteq's insight:

From the article, it's evident that first-party data is becoming the new gold standard in digital marketing. However, when we bring in cross-web clickstream data, the party really starts. This data type, with its knack for capturing a wider array of consumer behaviors, dances circles around first-party data in terms of breadth and depth. For a non-sarcastic, seriously useful deep dive into the realm of consumer data types, including the ever-dynamic cross-web clickstream data, check out VoxTrack's Consumer Data Types Cheat Sheet at https://www.voxtrack.ai/consumer-data-types-cheat-sheet.

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