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Most businesses are trying to develop an overarching strategy for their audience data, but few have managed to actually implement a strategy, according to recent research from Winterberry Group and the Interactive Advertising Bureau (IAB).

The report was based on data from a survey conducted in September and October 2019 among 100 advertisers, marketers, publishers, technology developers, and marketing service providers, with most respondents based in North America.

Some 53% of respondents say their firm has taken steps to develop an overarching strategy to govern how it collects, manages, shares, and uses audience data, up from 49% in 2017:

However, only 16% of respondents say their firm has successfully implemented an overarching strategy to govern how it collects, manages, shares, and uses audience data.

Organizations that describe themselves as extremely data-centric are actually less likely to have implemented an overarching audience data strategy, with just 8% saying they have done so:

Only 19% of respondents say their firm is well prepared or extremely well prepared to deal with recently passed or enacted regulations governing consumers' personal data:

About the research: The report was based on data from a survey conducted in September and October, 2019, of 100 advertisers, marketers, publishers, technology developers, and marketing service providers, with most respondents based in North America.

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ABOUT THE AUTHOR
image of Ayaz Nanji

Ayaz Nanji is a digital strategist and a co-founder of ICW Media, a marketing agency specializing in content and social media services for tech firms. He is also a research writer for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, AOL, and the New York Times.

LinkedIn: Ayaz Nanji

Twitter: @ayaznanji