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The Cookie crumbles: rethinking Digital Attribution in a privacy-first world

cookies

Digital marketing managers have long relied on third-party cookies to track user journeys, measure campaign effectiveness, and refine strategies; however, the landscape is shifting rapidly. With growing privacy concerns and major browsers phasing out third-party cookies, traditional Multi-Touch Attribution (MTA) models are facing unprecedented challenges.  

 

In an ever-increasing “privacy-first” world, marketers must be agile and innovative. The shift away from third-party cookies is an opportunity to rethink existing strategies and invest in solutions that respect user privacy while delivering actionable insights. This transition may be complex, but could it ultimately pave the way for a more sustainable and trustworthy digital marketing ecosystem?  

Historically, third-party cookies have been instrumental in traditional MTA, allowing marketers to:

 

  • Track users across websites: Understand how users interact with different touchpoints throughout their journey.
  • Attribute conversions: Assign credit to specific marketing channels and campaigns based on their influence.
  • Optimize Spend: Make data-driven decisions about budget allocation and campaign performance.

 

The demise of third-party cookies doesn’t spell the end of attribution but rather forces marketers to re-evaluate their approaches and consider new possibilities.  

 

Evolving and adapting MTA

The decline of third-party cookies has also presented significant challenges for MTA, notably:

 

  • Data fragmentation: Connecting user interactions across platforms and devices has become harder, leading to incomplete attribution models.
  • Reduced accuracy: Attribution has become less precise as visibility into individual user-level data decreases.
  • Increased reliance on first-party data: Emphasis is shifting to collecting and leveraging your own customer data, which can be resource-intensive.

However, the decline of third-party cookies has also prompted some new opportunities, such as:

 

  • Focus on privacy-compliant solutions: Exploration of alternative tracking methods that respect user privacy, such as server-side tracking, contextual advertising, and cohort analysis.
  • Embrace first-party data strategies: Building strong relationships with customers and collecting valuable data directly.
  • Invest in advanced analytics: Utilizing machine learning and statistical modeling to improve attribution accuracy with limited data.
  • MTA evolution: MTA solutions also need to adapt to stay relevant, which often means new and better functionalities for the end user.

 

The path forward: strategies for successful MTA

Looking ahead, marketers can continue to gain valuable insights into their marketing performance by embracing new technologies, prioritizing first-party data and adapting their strategies to drive meaningful results. These strategies should be considered:

 

  • Diversify your tracking methods:  Incorporate a mix of tracking methods to capture a broader picture of user behavior. This might include server-side tracking, using probabilistic matching of customer journeys or including marketing mix modeling and experiments into your arsenal of marketing evaluation. (Read the interview with Bart De Pauw of GroupM and Marcel van der Kooi of ScanmarQED discussing Triangulation)
  • Prioritize first-party data: Invest in building your own customer database through email sign-ups, loyalty programs, and interactive content. First-party data is not only more reliable but also aligns with privacy regulations and fosters direct customer relationships.
  • Explore cookie-less attribution solutions: Investigate emerging technologies like Roivenue Measurement. These solutions are designed to maintain the effectiveness of digital advertising while prioritizing user privacy.
  • Focus on data quality: Ensure your data is accurate, complete and up to date. Clean, high-quality data maximizes the effectiveness of your attribution models and helps maintain trust with your audience.

 

The Bottom Line

In this new era of digital marketing, those who adapt will thrive. By leveraging privacy-compliant solutions, focusing on first-party data, and embracing advanced analytics, marketers can navigate the challenges and seize the opportunities of this new cookie-less world – using disruption as a catalyst for innovation and progress in their MTA strategies.

 

If you are interested to learn more about cross-device cookie-less measurement, join our live webinar: Cross-device attribution without cookies – accurate measurement for tomorrow’s marketing.

In this live webinar we’ll show you how you can: 

 

  • Measure users cross-session and cross-device 
  • Capture effect of impressions served across the world wide web 
  • Track up to 50% more of your website visitors 

 

Save the date: 24 July, 2024 at 3pm BST | 4pm CEST | 9am CST

Reserve your spot now! 

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