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Data Monetization: The Next Step in Data Analytics With Walter Harrison

Up Arrow Podcast · with Walter Harrison · January 2, 2024 · 32 min

Summary

Ecommerce operators must adapt to evolving data privacy landscapes by transparently incentivizing consumers for their data. This episode provides a roadmap for leveraging ethical data monetization strategies, moving beyond traditional analytics to build trust, refine targeting, and gain a competitive edge. Learn how to proactively utilize mobile and browser data for precise attribution and enhanced customer relationships.

Key takeaways

Themes

analytics & attributiondtc strategycustomer retentionai & automation

Topics covered

data monetizationdata privacyconsumer data collectionmobile app databrowser dataaudience targetingattribution modelingcryptocurrency in dataethical data use

Episode description

Walter Harrison is the CEO of Tapestri, an app allowing consumers to earn money from their data. He is also the Co-founder and CRO of Complementics, a mobile audience network that manages national and international data. With over 15 years of experience in ad technology, data monetization, and product development, Walter has worked with major Fortune 500 clients across various industries. As an ambitious serial entrepreneur, his previous product reached five million users. In this episode… With popular apps like TikTok and Instagram gathering data with each use, younger consumers have become accustomed to a lack of privacy. However, the widespread adoption of privacy regulations allows consumers to refuse certain types of data collection. How can you target audiences with granularity while facilitating consumer transparency? Data pro and app builder Walter Harrison has developed an app that pays consumers for personal data collection. This allows users to govern their monetized information and incentivizes them to permit activity tracking on apps and websites. Similarly, e-commerce stores can build an audience by targeting potential customers on corresponding sites and social platforms, cultivating security and trust, and rewarding them for data-sharing. Walter recommends gathering data from mobile apps or website browsers for precise attribution.  In today's episode of the Up Arrow Podcast, William Harris hosts Walter Harrison, the CEO of Tapestri, to discuss how e-commerce sites can leverage data monetization. Walter addresses the role of cryptocurrency in data monetization, the various types of consumer data, and how to analyze data proactively.

Frequently asked about this episode

What does this episode say about analytics & attribution?
Implement transparent data collection practices that clearly communicate the value exchange to consumers, encouraging opt-in and trust.
What does this episode say about dtc strategy?
Explore ethical data monetization models, such as offering direct incentives to users for sharing their data, drawing inspiration from platforms like Tapestri.
What does this episode say about customer retention?
Focus on collecting and utilizing mobile app and browser data for highly precise audience targeting and attribution in advertising efforts.
What does this episode say about ai & automation?
Proactively analyze granular consumer data to identify emerging trends and personalize marketing strategies, moving beyond basic analytics.
What does this episode say about analytics & attribution?
Investigate the potential role of cryptocurrency or similar reward systems in future data monetization strategies to engage privacy-conscious consumers.

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