Stand Out This Holiday Season with Effective Digital Advertising
Consumers are exposed to an average of 10,000 ads daily, but studies show that only a quarter of these ads are actually remembered. That means a lot...
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Marketing : Oct 8, 2024 9:44:05 AM
Unlocking Retail Growth: The Power of First-Party Data and Identity Resolution
As the retail industry evolves, it's clear that relying solely on third-party cookies isn't a sustainable strategy. Although Google has delayed phasing out third-party cookies, the push toward first-party data remains urgent. With browsers like Safari and Firefox blocking third-party cookies by default—and Safari commanding over 55% of mobile browsing in the U.S.—many retail audiences are already unreachable through third-party data. Privacy-first browsers like Brave and growing adoption of "Do Not Track" features further emphasize the need for retailers to invest in first-party data strategies now.
First-Party Data and Identity Resolution: A Critical Retail Asset
For retailers, first-party data has never been more valuable. This data includes insights gathered directly from your customers, such as purchase histories, loyalty program activity, email interactions, and in-store visits. By owning and leveraging this data, retailers can unlock more personalized marketing, more effective product recommendations, and better customer experiences—without needing to rely on third-party cookies.
Identity resolution plays a key role in maximizing the potential of first-party data. As consumers interact with retailers across multiple touchpoints—researching products online, browsing on mobile devices, and making purchases in-store—identity resolution helps connect these fragmented interactions into a unified customer profile. According to a Salesforce study, 76% of consumers expect consistent interactions across departments, and 83% are willing to share data for a more personalized experience.
By integrating identity resolution into their first-party data strategy, retailers can achieve more accurate targeting, better personalization, and a more seamless customer experience across the entire shopping journey. Companies that invest in identity resolution see up to a 20% increase in sales lift, according to the Winterberry Group, due to more effective targeting and personalized messaging.
Semcasting: Powering First-Party Data and Identity Resolution for Retail Success
As retailers transition away from third-party cookies, Semcasting offers a powerful suite of tools to help you maximize the potential of your first-party data. Our AudienceDesigner Toolbox platform enables retailers to onboard, enhance, and activate their data across digital channels while maintaining compliance with growing privacy regulations.
Semcasting’s Identity Graph empowers retailers by connecting first-party data with additional deterministic data points. This ensures you can match online and offline customer activities, providing a 360-degree view of your audience. Whether it’s anonymous web traffic, in-store purchases, or loyalty program interactions, our platform helps you piece together these signals into a unified customer profile.
With identity resolution, you can take personalization to new heights—delivering the right message at the right time, no matter where your customers are in their shopping journey. Additionally, Semcasting’s solutions allow for transparent and privacy-compliant measurement of campaign performance, so retailers can optimize their strategies and focus on the channels that drive real results.
Stay Competitive in Retail’s Privacy-First Future
The retail industry is facing challenges, but those who embrace a first-party data strategy and invest in identity resolution will be best positioned for success. Whether your goal is to improve targeting accuracy, personalize the shopping experience, or gain a deeper understanding of your customer’s journey, Semcasting’s first-party data and identity resolution solutions are here to support you.
By shifting from third-party cookies to a first-party approach, retailers can stay ahead of the curve, meet consumer expectations for privacy, and drive long-term growth in a rapidly changing digital landscape.
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