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Optable's Toronto Event Unveils Actionable Insights for Data-Driven Media & Advertising

February 12, 2024
Bennett Crumbling
Blog
Data Collaboration
Canada

Optable's Toronto Event Unveils Actionable Insights for Data-Driven Media & Advertising

February 12, 2024
Bennett Crumbling
Blog
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Optable's Toronto Event Unveils Actionable Insights for Data-Driven Media & Advertising

February 12, 2024
Bennett Crumbling

The crisp February air of Toronto welcomed a select group of media & advertising thought leaders to Optable's exclusive summit. The agenda promised deep dives into data strategy, privacy's impact, and navigating the ever-evolving media landscape. And it definitely delivered.

Data Collaboration Takes Center Stage

The opening panel, "How Publishers & Advertisers Are Using Data to Build Better Ad Campaigns in the Age of Privacy," kicked things off with a bang. Data collaboration emerged as the undeniable hero, bridging the gap in a fragmented ecosystem. Panelists from La Presse, The Globe & Mail, and Advance powered by Loblaw discussed their shared journey: adapting data strategies, wielding identity solutions, all while dancing around the ever-changing privacy regulations. The panel was moderating by Optable's own Ioana Tirtirau, Head of Customer Success, who helped the crowd to glean actionable insights that could be implemented within their own businesses.

One key takeaway? It's not just about the tech. "The future of advertising lies in finding the sweet spot where data insights combine to create a better experience for the audience and ultimately create business growth. Data is the interface with which were able to create better advertising partnerships." said one publisher exec. The audience couldn't have agreed more, recognizing the need for meaningful campaigns that respect customer privacy and provide real insights into customers’ wants and needs.

Privacy: The Driving Force (and Opportunity)

Deloitte's fireside chat shifted gears, focusing on the elephant in the room – privacy. Experts dissected the seismic shifts caused by regulations and platform moves, highlighting not just the challenges but also the opportunities. "CCPA, GDPR, Law 25, cookie deprecation – it's all about building trust," emphasized a Deloitte speaker. "And trust generates loyalty & engagement, which is the real gold in this game."

Beyond Trends: The Human-Centric Shift

The summit wasn't just about buzzwords and tech. It was about understanding that data and privacy are inherently human-centric. At its core, advertising is about connecting with people, and in the privacy age, that means that collaboration is key.

The cocktail hour wasn't just a networking opportunity; it was a testament to the energy and ideas bubbling up from the room. From Optable's own data experts to seasoned ad veterans, everyone recognized that the future isn't pre-programmed – it's in the hands of innovative minds who can harness data, respect privacy, and ultimately, rethink and rearchitect the media & advertising ecosystem to be more impactful for audiences and more sustainable for businesses.

Key Takeaways:

  • Data collaboration is growing rapidly, with the major cloud ecosystems acting as stewards.
  • Privacy regulations create challenges, but also unexpected opportunities.
  • Third party cookies are officially on their way out and will create a forcing function to re-think our ecosystem.

Optable's 'State of Data Collaboration' in Toronto wasn't just a glimpse into the future; it was a blueprint for navigating it. Armed with actionable insights and a renewed focus on the human element, data & advertising professionals left the venue empowered to redefine success in the privacy-first era.