Did you know, Amazon have created their own advertising Walled Garden, capitalising on their vast reserves of first-party data?
Thanks to @MarketingDive
As countless advertisers and digital suppliers work toward an effective way of targeting people without third-party cookies, Amazon have thrown their hat in the ring. Amazon's new Ad Relevance technology will use AI to analyze browsing, buying, and Prime Video membership data to serve relevant ads without relying on third-party cookies.
According to Amazon, early testing indicates that Ad Relevance can extend addressability on up to 65% of impressions previously considered anonymous under alternative targeting techniques. Meanwhile, cost-per-clicks have improved by approximately 9%.
Amazon have recently invested heavily in their advertising capabilities, positioning themselves as one of the strongest advertising Walled Gardens ahead of the deprecation of third-party cookies. One such initiative, Amazon Performance+, uses AI to optimise outcomes, providing detailed reporting on creatives, placements, and audience reach. Additionally, Amazon Marketing Cloud will allow advertisers to join first- and third-party signals securely, providing additional insights into customer journeys.
While it is Amazon’s aim to enhance ad experiences and simplify access and management of advertising relationships, the growing dominance of this tech behemoth cannot be overlooked. Now a ubiquitous part of the Western world, the data held by Amazon is making them increasingly powerful. While this does allow countless brands unparalleled access to customers, driving innovation and competition, one hopes Amazon learns from Google’s recent regulatory strife and refrains from such abuses of market dominance.
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2wThis is an amazing news, Mary Ann!