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.
