Adapting to Cookieless Future is Like Learning “a TikTok dance” Says One Top Industry Exec
SAN FRANCISCO, Calif., – May 19, 2021 –At today’s industry summit, The Cookie Conundrum: A Recipe for Success, hosted by theCUBE and sponsored by Quantcast, Xaxis managing director Xiao Lin said “If the cookieless future was a Tik Tok dance, we’d be dancing right now.” Lin was discussing his agency’s approach to supporting clients as they experience a learning curve in anticipation of third-party cookies disappearing from online advertising in 2022.
Also speaking at the event was News Corp’s SVP and global head of programmatic advertising Christopher Guenther who hailed the deprecation of third-party cookies as a “long overdue reset” and an opportunity for the industry to “fix bad practices.” Quantcast CTO Peter Day echoed similar sentiments: “In these times of massive disruption, there’s always an opportunity to make things better.“
Guenther, who is also an IAB board member, was joined by speakers from advertising technology company Quantcast, and the founder of marketing education organization U of Digital. With a registered audience of thousands of industry professionals, the event focused on solutions for brands, agencies, and publishers adapting to the anticipated deprecation of third-party cookies in online advertising and was live streamed in North America, Europe and Asia Pacific.
In a one-on-one discussion with founder, co-CEO, and Editor-in-Chief of SiliconANGLE Media, theCUBE executive editor and event host John Furrier, Quantcast CEO Konrad Feldman described the role the company plays in the industry: “Our job at Quantcast as champions of the free and open internet is to help direct money effectively to publishers across the open internet and give advertisers a reliable, repeatable way of accessing the audiences that they care about in the environments they care about and delivering advertising results.”
Somer Simpson, Quantcast’s Vice President of Product, touched on the alarmed response from many to the recent announcement from Google that it would not support alternative identifiers in the absence of third-party cookies: “I’ve gone from being a product manager to a therapist because there’s such an emotional response”, she said. Simpson was bullish about the level of understanding that consumers have of the role of advertising in funding a free and open internet: “Consumers already accept that there’s a reasonable value exchange for their data in order to access free content.”
Founder of U of Digital Shiv Gupta pointed out the flaw in publishers planning to rely on paywalls or logged in audiences to replace cookies: “Only 5% of internet traffic is authenticated,” he said, before going on to emphasise the importance of transparency when it comes to organizations seeking permission to user consumer data, “Now, more than ever, people want truth. They want trust.”
The full speaker line up included:
- John Furrier, founder, co-CEO, and Editor-in-Chief of SiliconANGLE Media and Executive Editor of theCUBE (Host)
- Konrad Feldman, Quantcast Founder and CEO and IAB Board Member
- Christopher Guenther, SVP, Global Head of Programmatic at News Corp
and IAB Board Member
- Xiao Lin, Managing Director of Xaxis
- Shiv Gupta, Founder, U of Digital
- Peter Day, Quantcast CTO
- Somer Simpson, Quantcast VP of Product
- Shruti Koparkar, Quantcast Head of Product Marketing
The Cookie Conundrum: A Recipe for Success can be viewed on demand here.
About Quantcast: Quantcast is an advertising technology company and the creator of an innovative intelligent audience platform that empowers brands, agencies and publishers to know and grow their audiences online. The Quantcast Platform, powered by Ara®, a patented AI and machine learning engine, delivers automated insights, marketing performance, and results at scale to drive business growth. Our solutions are leveling the playing field for our customers when it comes to effectively reaching audiences online and helping them power a thriving free and open internet for everyone. Headquartered in San Francisco, Quantcast has been serving customers around the world since 2006. Learn more at www.quantcast.com and follow us on Twitter, LinkedIn, Instagram, and Facebook.
Yanina Erman, Senior Communications Manager