Those who gain access to our consumer data: “will be the new kingmakers”

As we have explained all along, the ability to collect and analyze data about us and our social networks is the “DNA” of contemporary advertising and marketing.  There is a very thoughtful piece in Metrics Insider, and I hope you will look at this excerpt:

“The future of advertising is not about social, not about viral videos, not about mobile, not about any new medium or any new ad unit — but about data. Those who know what to do with this will be the new kingmakers, the new rulers of Madison Avenue — or the creators of a new Avenue of media…The critical component that makes this new world work is data — not simply general research data, but data about you. This goes far beyond just behavioral targeting, to your preferences, your interests, your actions — all of the signals you send as you move through the grand stage of life. The revelation is that this new world is no longer the far-off land on the horizon — we’ve hit the beach.”

 from:  Death Of The Impression/Rise Of The Data Economy.  Michael D. Andrews.  Mediapost.  February 18, 2010.

Author: jeff

Jeff Chester is executive director of the Center for Digital Democracy. A former journalist and filmmaker, Jeff's book on U.S. electronic media politics, entitled "Digital Destiny: New Media and the Future of Democracy" was published by The New Press in January 2007. He is now working on a new book about interactive advertising and the public interest.

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