5 years after the end of third party cookies, envisioning heroes amid the wreckage
What will the end of third-party cookies mean for CPG companies? Three scenarios we might see five years from now.
Social media. Cloud computing. Mobile and Big Data. All of these technologies are permeating every aspect of the marketing function. CMOs and marketers are becoming more comfortable and knowledgeable with digital technology as they experiment with the latest innovations to reach customers that are equally, if not more, digitally savvy. As the CMO role becomes more technology-focused, how does the chief information officer (CIO) and the IT organization fit in?
While many like to write about and exaggerate the tensions between the CIO-CMO relationship, the reality couldn’t be further from the truth. In my role at Facebook, I consult with many organizations where the CIO-CMO relationship are thriving. While a CIOs priority is still to support the daily tasks that keep existing systems up and running without disruption, I also see them taking an invaluable part in the digital transformation conversation, advising on the feasibility of new digital approaches, and delivering applications and services that drive the digital enterprise vision.
For the organizations that are moving towards digital transformation, there are no battle lines drawn between the CIO and CMO. Rather, they are forming a partnership that leverages the CMO’s brand and customer-experience strategy and the complementary expertise of the CIO to ensure all enabling technology runs smoothly, securely, and safely.
At Facebook, our approach to people-based marketing combines our philosophy and practice of accurately connecting customers in a mobile world across devices and surfaces. Until recently, this technology was just not there.
The most common approach to try to connect people across devices is a cookie-based approach that is not able to accurately identify a consumer journey across their home laptop, office desktop, smartphone, or tablet.
Our mobile reach coupled with our people-based measurement capabilities enable Facebook to bridge the gap between the user experience across all devices.
We are able to accurately measure ads across channels, especially mobile apps where cookies don’t work. This unified view enables us give marketers better insights on what is working and what is not.
What will the end of third-party cookies mean for CPG companies? Three scenarios we might see five years from now.
For a lot of brands, the move from a product-driven strategy to customer centricity requires a significant cultural adjustment.
Structural changes should also align the design and manufacturing of products and the overall organizational setup with that evolving mindset. However, as many companies have discovered, this shift is sometimes hampered when the CIO and CMO do not speak the same language when addressing business and technology needs.
Consider the technology CMOs buy. Typically, these platforms perform very different functions than the technology solutions purchased by CIOs.
Most digital advertising platforms execute workflow tasks and rely on cookies as their primary data source. The objectives of the enterprise solutions used by CIOs are primarily focused on managing unstructured, transactional, and offline data. From a technical perspective, these solutions have fundamental differences that are very hard to overcome, especially when you attempt to integrate the two.
Attempting to live with both approaches within one enterprise usually doesn’t work and often leads to frustration, misunderstanding, and turf battles.
With the upcoming end of third-party cookies, IT teams have a unique opportunity to amplify their impact on revenue growth and customer experience. Read more to find out why…
When it comes to digital transformation, what happens in marketing impacts IT, and vice versa. For this reason, CIOs and CMOs must merge their unique perspectives of opportunities and risks, as well as the user and customer experience, to help the business fully realize the potential of its digital platforms.
By engaging in a conversation with a common perspective and language, they can determine together the strategic value of their applications and data – from which ones could be shared or monetized to those that should be protected and deemed proprietary. More importantly, they are better equipped to connect data points to improve online and offline customer experiences.
Let’s remember, digital transformation strains the responsibilities of IT and the CIO. The rest of the organization should acknowledge this. But it is also evident that as growth and revenue strategies move in the same direction as IT, the full power of a digital enterprise is realized. When CIOs and CMOs work together with a common objective and with technologies that offer a seamless experience between the customer and the enterprise, they will together likely bring about a digital transformation for their organization that will disrupt their industry.
By Martin Gilliard, Head of MarTech and Data Partnerships for Global Marketing Services at Facebook.