Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

A Marketer’s Guide to Third Party Data in digital ads

Ankit Jena Published on : 13 January 2022
Third Party data

 

Third party data is one of the most heard terms in today’s digital Ads market place. But, before diving deep into the exact definition and uses of the third-party data, let’s first discuss what is first party and second party data.

 

First Party Data

First party data is a set of consumer data that a business collects from user’s transactions as well as interactions. It is user compiled information that comes from a variety of sources such as websites, apps, CRM (customer relationship management systems), POS systems, etc.

Marketers can use first party data to:

  • Predict future patterns
  • Gain audience insights
  • Personalize content and advertisements

 

Second Party Data

Second party data is usually described as first party data from another business or organization that can be effortlessly deployed to boost a company’s internal data sets. It can come from partners or other business entities in a supply chain. It can also come from activity on websites, mobile app usage, social media, customer surveys. Marketers/publishers can use second party data to:

  • Increase the scale of your data
  • Reach new audiences
  • Predict behaviours of the users
  • Build firm relationships 

Finally moving towards third party data…

 

Third party data

 

What is Third Party Data?

Third party data is referred to as the information collected by an individual or an entity that doesn’t have any direct relationship with the user/consumer. It is collected from various sources like websites and platforms and then it is accumulated together by a third-party data provider like a DMP.

 

Example

A consumer might have initially searched and visited an online sports store and selected his/her favourite Jersey or sports equipment. Then he/she might have gone through a car store website and finally applied for a credit card by filling out the form given in the website. At the end, when the data provider collects data from the consumer as they travel between websites, they offer a complete view of the user’s likes and dislikes.

 

How has the scenario of using third-party data changed?

Before the advent of constant internet connectivity, the usage of third-party data was relatively limited. Only a few companies used to maintain a list of consumers, and this data was used in snail mail or other telephone campaigns with limited utility as well as acknowledgement capability.

Faster internet accessibility and connectivity has changed everything. Everything that is connected to the internet generates data. Since most people carry a smartphone, they are the key source of generating third parties based upon their location and behaviours.

 

Benefits of Third-Party Data for Publishers

 

Authentic revenue-driving user insights

First party data is only limited to the communication or interaction you have with your consumers. Whereas with third-party data, you can learn more about user habits, behaviours, locations which can empower publishers to target their possible users directly.

 

Identify New Potential End Users

Third party data provides a clearer vision of your highest value end users. You can utilize this information and target new similar types of audiences – those customers who share the same profile as your current customer base.

 

Create Unique Location intended campaigns

Third-party data has the potential to go beyond your location or else online activity. It includes data that people have recently visited. If you are looking for an innovative method to target a new customer base on the basis of the places that they have recently visited like a retail store or any event, try our third-party data.      

Additionally, third party data provides a pile of information that a single entity can’t. it usually helps shift away from using content as a proxy, allowing advertisers to buy audience segments based on key characteristics.

 

Ending Notes

Now that we have listed out different types of audience data, we urge you to start implementing them and begin publishing our multi-format ads campaign. I would recommend you to use a robust and timely proven ad management platform – Muvi Ads.

Muvi Ads allows publishers to host and deliver multi-format ads to websites and applications across several platforms. It can also be referred to as an Ad inventory that helps you deliver action-inducing ads to a wider audience base and drive constant revenue. Try our 14-days free trial to get a clear picture of how you can manage publishing multi-format ads from your Ad Inventory.

 

Third party data

Written by: Ankit Jena

Ankit is Content Writer for Muvi’s Marketing unit. He is a passionate writer with 5+ Years of Experience in Content Creation And Development. In his past time, he likes to dance, play football and google various things to quench his thirst for knowledge.

Add your comment

Leave a Reply

Your email address will not be published.

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Upcoming Webinar
March 27

8:00AM PST

Introducing Muvi Live Paywall: Monetizing Live Streams

Introducing Muvi Live Paywall: Monetizing Live Streams,” where we delve into the cutting-edge world of live streaming monetization. As the landscape of streaming services evolves, Muvi is at the forefront with a revolutionary Paywall PPV monetization solution designed to empower businesses to maximize revenue from their live streams and events.

In this engaging webinar, we will provide a comprehensive overview of Muvi Live’s Paywall feature, exploring its functionalities, and the unparalleled advantages it offers to creators and businesses, especially those in the streaming industry. From seamless payment integrations to personalized user experiences, we’ll guide you through the key aspects that make Muvi Live Paywall a game-changer for content monetization.

Why Attend the Webinar:

  • Understand the present state of live stream monetization solutions.
  • Introducing Muvi Live Paywall – the ultimate PPV monetization solution for live streams.
  • Live demo of the Paywall feature: from setting up the price to purchasing and watching the stream.
  • How Muvi Live’s Paywall feature stands out among the rest.
  • Insightful tips on how to maximize your live stream revenue.

Introducing Muvi Live Paywall: Monetizing Live Streams,” where we delve into the cutting-edge world of live streaming monetization. As the landscape of streaming services evolves, Muvi is at…...

Event Language: English
1 hour