The Year Of Trust: Why 2021 Will Be Ruled By The Consumer
If there’s one thing that 2020 has taught us, it’s that consumer trust is not to be taken for granted. Here, Andrew Burke, managing director APAC and growth markets at Outbrain, takes us through what trust means for the consumer, publisher and advertiser, and what it means in 2021 to be stronger, bolder and faster…
Who to trust is one of the biggest questions of our time. I’d hazard that everyone reading this has at some point in the past four years stopped to question something they’ve seen or heard, probably on a daily basis for some.
In our realm of media and marketing the questions of trust from consumers in what has been done with their data have led to government regulation like GDPR and CCPA, and it’s also triggered the major move to get rid of cookies from most of the major tech players.
This has been a good start, but as we gear up in 2021 I’d challenge us all to think more deeply and really start to map out what these consumer-led changes are going to mean for your business and marketing over the next decade. They’re going to change an awful lot.
2021: The Year of Trust
Recent developments, including shifts in consumer behaviour, purpose-driven marketing and movements for change and social justice, have positively influenced our society.
Brands now have to operate differently within the digital landscape, including creating personalised diverse messaging and building trust online with consumers, which is a difficult feat without human interaction.
We know one thing is true – people trust people more than they do brands. They trust personal reviews, testimonials and ratings. While consumers are often wary of ads, hearing feedback from other like-minded consumers validates one’s own opinion and provides a fuller picture.
We saw how fragile this trust can be with the Facebook Boycott movement in mid-2020, which essentially saw the platform’s reputation take a nosedive in less than a day.
A number of Australian companies, most existing in the advertising and creative industry space, joined the US-led movement which saw these brands pull advertising across the platform in order to protest Facebook’s cavalier attitude towards hate speech on its platform.
The #StopHateForProfit was spurred by the death of George Floyd in the US, with many saying the platform helped drive racist messaging. This boycott was a way to pull potentially billions in advertising spend, ultimately holding Facebook hostage until it agreed to take a firmer stance on its users.
Although Facebook has regained some of this trust through some blanket promises to better regulate hate speech and moves around election advertising, many users will still have some trepidation about the platform until firmer guidelines are put in place.
Trust in the Ecosystem
Globally, GDPR and CCPA were created to set guidelines and boundaries on how consumers’ data is being used. But beyond that, these regulations help bring transparency to an otherwise murky environment.
In Australia, the 2020 OAIC’s Australian Community Attitudes to Privacy Survey gives a stern warning to businesses that consumers increasingly refuse to tolerate poor data practices.
The study shows many individuals will take steps to protect their privacy, and most have deleted an app or denied access permissions due to such concerns. This new data-savvy consumer has spurred new regulations from many tech giants such as Google and Apple, which are now updating privacy standards to benefit their users.
These concerns and new upcoming regulations are forcing marketers to relinquish much of their dependence on behavioural data collection. Now, marketers must consider the new process for collecting an individual’s consent to data-gathering and processing, and what it means to be active, versus passive.
For example, companies must ensure users are willing to have their personal data harvested across the digital and physical worlds, on- and off-platform, and most importantly, understand what that means for marketing purposes. Essentially, marketers are asking consumers to trust that their data is secure, while not being used for malicious purposes.
Challenging the Duopoly
This past year has been significant in breaking down the walls of the duopoly, with Facebook receiving much of the criticism.
However it’s not limited to the social sharing platform, as Google is being sued by the United States Department of Justice for violating antitrust laws. And these campaigns have led to a bigger battle, one focused on the spread of misinformation and fake news.
Enter the open web, a powerful alternative to the rose-coloured lens of the duopoly. Not only does it provide users with more options to engage with brands and publishers, but it allows for more seamless and native experiences, personalised to users.
Expanding outside of the walled gardens to the open web and native advertising will be crucial for marketers looking to continue effectively attributing their campaign performance in years to come.
The open web promotes trust and transparency, and provides opportunity to engage audiences as they consume quality journalism rather than the uncontrolled, user-generated content of the duopoly.
As brands prepare for the changes 2021 will bring, they need to remember that consumer scrutiny will only become more focused. Not only will people continue to distrust ads and marketing materials, but we’ll see a decrease in brand loyalty and engagement.
The principles of trust and transparency are central to Outbrain’s business. That’s why this year we will be leading the conversation. We are starting with Unveil: a brand new virtual event for marketers on January 27. Because ultimately, consumers need something to believe in, and they need brands to do the same.
Please login with linkedin to comment
OutbrainLatest News
Sydney Comedy Festival: Taking The City & Social Media By Storm
Sydney Comedy Festival 2024 is live and ready to rumble, showing the best of international and homegrown talent at a host of venues around town. As usual, it’s hot on the heels of its big sister, the giant that is the Melbourne International Comedy Festival, picking up some acts as they continue on their own […]
Global Marketers Descend For AANA’s RESET For Growth
The Australian Association of National Advertisers (AANA) has announced the final epic lineup of local and global marketing powerhouses for RESET for Growth 2024. Lead image: Josh Faulks, chief executive officer, AANA Back in 2000, a woman with no business experience opened her first juice bar in Adelaide. The idea was brilliantly simple: make healthy […]
Is Meta’s New AI Chatbot Too Left-Wing?
Meta's chatbot accused of being left-wing after being caught wearing a Che Guevara T-shirt & listening to Billy Bragg.
TV Ratings (23/04/2024): Why Did No One Tell Angela That Farmer Wants A Wife Is Set On A Farm?
As wonderful as this headline is, let's face it, we all know an 'Angela', don't we?
PubMatic Unveils New AI Partnership To Turn Social Posts Into Ads For Any Digital Channel
Here's some nifty tech for turning social posts into ads. Assuming said posts aren't one-star character assassinations.
Intuit Mailchimp Makes A Splash With Its First Australian Brand Campaign
Ever laugh along at a gag you didn't get so as not to appear dumb? Get ready for more feigning with this new work.
GumGum’s Rob Hall: Advertisers Can No Longer “Rely On Binary Descriptions” Of Consumers
If anyone's got their finger on adtech's pulse, it's Rob Hall. He also avoids using the good paper in the office printer
Mastercard Nabs Florencia Aimo From Marriott International
Marriott International's Florencia Aimo jumps from the hotel business to the exploitative credit card one.
Bastion Agency Appoints Cheuk Chiang As New ANZ CEO
Cheuk Chiang takes the reins over at Bastion Agency. But not the rains down in Africa.
Spotlight On Sponsors: Major Sponsorship Wins After A Disappointing Week In Sport
B&T continuing our deep dive into local sport sponsorships & that's despite not a single offer of a free ticket as yet.
Macca’s Marketing Director, Samantha McLeod On Big Mac Chant: “What Was Once Old Is Now Cool Again”
Macca's using the power of nostalgia in latest Big Mac campaign. Well, only for those who've ever eaten one sober.
World Premiere Of Midnight Oil: The Hardest Line To Open Sydney Film Festival 2024
Oil's biopic to open Sydney Film Festival. Here's hoping Molly Meldrum will take his pants down at the premiere.
Entries Are Now Open For The 2024 Brandies, IntelligenceBank’s Annual Brand Marketing Awards
The Brandies are, of course, a prestigious marketing gong and not the mystery tipple favoured by nannas everywhere.
The Fred Hollows Foundation Appoints Ardent For PR
Yes, we all like to have a joke at PR's expense. But sometimes it does important work, like this.
AI, eCommerce & Marketing Specialists Are In Increased Demand By Businesses, New Data From Fiverr Shows
Has your philosophy & anthropology degree left you with nothing but a huge HECS debt? Here's what you should've studied.
Perth’s First 3D Anamorphic Billboard Arrives Courtesy Of oOh!media
Do you love a buzzword? Now you can add anamorphic to the list as it relates to billboards, not a colleague's ears.
MasterChef Australia & Crown Resorts Launch Unique Dining Experience With ALUMNI
A pop-up restaurant staffed by MasterChef contestants! That's fine dining prices for first-year apprentice chef cuisine!
Amanda Laing Announces Resignation From Foxtel Group
Foxtel's chief commercial & content officer heads for the exits. Read nice things the bosses said about her right here.
The Lost Letters From Our Diggers: News Corp Unveils ANZAC Day Special
It's nice when brands respectfully acknowledge ANZAC Day.
Howatson+Company Acquires Akkomplice
Large indie acquires a slightly smaller indie. Much like a shark eating a tuna, just with less thrashing and blood.
Google Delays Third-Party Cookie Deprecation Again
In good news for the sale of picture library biscuit photos, Google continues to tease over the end of cookies.
Education A Low Priority For Aussies More Concerned With Cost Of Living Forethought Study Reveals
Study finds Aussies cutting back on education due to cost of living. Booze & Uber Eats sales remain largely unaffected.
“I’m Still The Same Person That I Was”: Rikki Stern Says “Fucc It” To Cancer Stereotypes
B&T always happy to promote the anti-cancer cause. Even brands that massively overdo it with the hot pink.
The Unapproved Climate Certification Allegedly Causing Mass Greenwashing
Are you left flummoxed in the canned tuna & free range eggs aisle? Just wait till this green certification gets up.
TV Ratings (22/04/2024): Fans Mock “Over The Top” Reaction To New MasterChef Judges
MasterChef returns for its 2024 season. B&T stands by putting peppercorns in Gravox & no one will be any the wiser.
Dentsu Restructure: Muddle, Harvey & Johnston Take Leadership Baton As Bass & Yurisich Exit
A large broom has swept through Dentsu's local ops this morning, taking with it some big names & the air con's cobwebs.
Industry Shares Trends Shaping The Industry This International Creators Day
B&T's asking adland creators to reveal their top trends. And it's not good news for your Jenny Kee cardigan collection.
Mable Extends HOYTS Sensory Screenings Partnership
Mable has extended its HOYTS sensory screening partnership. Vigorously defends its two-star Oppenheimer review.
Orphan Launches ‘They Need Our Help. We Need Yours’ For Children’s Cancer Institute
Anything to do with childhood cancers has B&T's 110% support. That said, we do ignore the red meat & alcohol warnings.
Smile Team Orthodontics & Keep Left Collaborate On Smile-Inducing Campaign
As parents would attest, given the cost of orthodontics you'd expect this campaign to be a lavish production indeed.
Opinion: How Video Calls Neglect Learning Diversity
Need an excuse to duck out of a video call this arvo? Show this to your boss.
DoubleVerify Achieves First-Of-Its-Kind Responsible AI Certification From TrustArc
DoubleVerify receives responsible AI certification. However, not its robotic vacuum that's been seen menacing the cat.
Smile For A Good Cause: The Social Media Campaign Giving Back To The Community
Are you known as the office Austin Powers? More for you teeth than shagability? Get snappy new fangs with this news.
Elon Musk Mocks Albo After ESafety Wins Court Injunction Against X
Albo's 2024 from hell continues - Rabbitohs in crisis, down in the polls and now feuding with world's richest man.
Real Estate Developer In Hot Water Over “Sexually Exploitative” OOH Campaign
Real estate agents again tops in the 'least trusted profession' polls, nudging used car salesmen & ad creatives.
Epsilon’s Shane Hanby: Post-Cookie Era Relies On “Teamwork” Between Brands, Marketers & Tech
This pro predicts more "teamwork" in a post-cookie era. Which spells bad news for the uncooperative or plain stubborn.