First-Party Data Reigns Supreme
The importance of first-party data has surged as advertisers seek direct relationships with their audience. Brands are encouraging users to willingly share data through transparent and value-driven approaches.
First-party data is information collected directly from customers by the company. This data is obtained through interactions with the company’s website, app, or other channels where users voluntarily provide their information. Examples of first-party data include customer contact information, purchase history, website interactions, and preferences.
Because first-party data is collected directly from the source, it is considered the most reliable and valuable type of data for businesses. It provides insights into customer behaviour, preferences, and interests, allowing advertisers to personalise marketing efforts, improve products and services, and enhance overall customer experience.