March 28, 2024

Stakeholders, Google partner for adoption of privacy-first strategies

Stakeholders, Google partner for adoption of privacy-first strategies

By Juliet Umeh

Leading companies from Nigeria joined Google West Africa at a roundtable to discuss the shift towards privacy-first marketing as third-party cookies are phased out. 

The forum brought together leaders from FairMoney, Konga, Mondelez, Stanbic IBTC, and Zenith Bank, highlighting a collective commitment to redefining consumer engagement in the digital age.

Businesses recognize that building consumer trust is essential in a world that increasingly values privacy.

In this new era, adapting marketing strategies to be more privacy-focused is not just a necessity but a strategic move toward building sustainable customer relations. 

This transition challenges businesses to innovate while maintaining transparency and respect for consumer data privacy, turning potential constraints into avenues for deeper consumer engagement.

Speaking, Senior Industry Lead, West Africa, Google, Felicia Otolorin, said customer trust is the new currency. Otolorin stated: “Consumers are demanding more control over their data, and the savviest businesses are seeing this shift as an opportunity. This is about reimagining how we engage with technology and data, ensuring that innovation and privacy go hand-in-hand.

“We are committed to empowering Nigerian brands in building a privacy-forward future. By harnessing AI and privacy-centric technologies, we aim to empower our partners to thrive amidst these changes,”  Otolorin added.

Meanwhile, Google showcased innovative solutions like Google Tag and Enhanced Conversions.  

Otolorin explained that the tools demonstrate a commitment to both high performance and privacy standards, stating, “success stories illustrate how other businesses have successfully navigated this shift, offering valuable insights.”

Chief Data & AI Officer at Interswitch, Oluwadamilare Akinwunmi said Interswitch stands at a crucial juncture.

Akinwunmi remarks: “The winners of tomorrow will be those enterprises that strike a balance between innovative, data-driven marketing and a profound commitment to data protection and privacy-first practices. The essential dialogues we engage in, and the subsequent actions we take, set us on the path to achieve precisely this.”

The roundtable underscores a pivotal shift towards privacy-first strategies in Nigeria’s digital marketing sphere, emphasising the critical role of collaboration and innovation in this transition. It marks a collective stride towards a future where consumer trust and data privacy form the cornerstone of business growth and competitive advantage.