On top of this, consumers have higher expectations for how brands market to them.
Relevance, timeliness, and personalized messaging is what consumers expect.
The challenge here: how do brands personalize messaging when there are fewer data points to work with?
Shopify’s report offers some answers to how brands are doing this: by prioritizing zero party data.
“Brands are turning to first-party data to fill
the void third-party cookies will leave. This is the data a brand collects directly from their customer, with their customer’s consent. Our survey showed that in 2022, 42% of brands* plan to offer their customers personalized product recommendations through tools like quizzes, custom mobile apps, and first-party or third-party behavioral data. And to encourage data sharing, 44% of brands* already plan to be more transparent around how they use customer information.”
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