In a crowded digital marketing world, every company is looking for an advantage. Sophisticated marketers and the agencies that support them are beginning to look deeply at using deterministic
data—that is, data collected firsthand, aggregated from sources like subscriptions, opt-ins, and onsite user behaviors. We can also look to external sources of first-party data like Facebook and
Google to help extend a brand’s reach to its highest-value customers.
However, deterministic data is more limited in scale than its cousin, probabilistic data (where we tease out
the probability of a certain audience type responding in a certain way, based on what other users with similar characteristics have historically done). It’s also really challenging to find
portable sources of deterministic data outside of the walled gardens of Facebook and Google.
That said, there is no more powerful data available to online marketers today than deterministic
data. Analyzed and then activated, it can provide the backbone for a well-honed marketing strategy able to granularly target in-market consumers while also measuring their interactions with a product
or brand across devices.
Here are some of the best practices I recommend:
Get the most out of your data. Your data will always be the most valuable when it’s
collected by you. This data reflects the exact behavior of your consumers and the way in which they are interacting with your brand. It's the best predictor of future behavior you have, so it's worth
your time and effort to invest in a data management platform (DMP) to harvest and activate first-party data.
Also, look for ways to extend the value of your own data with look-alike
modeling. Compare it against qualified deterministic data sets to help remove the ambiguity around where your next ad dollar should go.
Respect the limitations of deterministic
data. As powerful as a properly deployed DMP is, it is only as powerful as the size of the data set you have available for analysis. That begs the chicken-and-egg question: you want more user
data to analyze, but in order to get it, you have to attract more users to your site. Emphasize the quality of your top-of-the-funnel marketing efforts to attract qualified in-market audiences and
give them multiple opportunities to interact with your Web property so that you can harvest that user data and build out your data sets.
Use deterministic signals to get out from
behind the walled gardens. Facebook and Google provide amazing access to deterministic data, but the catch is that you can’t leave Google or Facebook. This paradigm limits scale and
inhibits marketing campaigns by relying too much on either company.
There are other ways to achieve the same level of granular targeting. Let’s say you’re selling a product
targeted to commuters. Knowing who has the NextBus or Metro North App installed on their phone would be a great way to qualify a consumer as in-market for that product. App ownership data can provide
unprecedented access to deterministically validated user action or attribute and extrapolate a qualifying behavior.
The best part is that the data set is portable and can be leveraged to
inform buying decisions across devices and inventory sources (imagine being able to target a TV ad to a consumer based on an app they owned).