Second-party data is the first party data of another organization. Leveraging this type of data, buyers have full transparency into data source and greater confidence in its accuracy.
Second-party data strategies are now mainstream in the retail ecosystem. As part of their new digital marketing playbook the majority of retailers and brands use marketing technology to acquire, share, or exchange data assets, with one another and with full transparency.
ownerIQ’s second-party data marketplace within the CoEx platform is a fully transparent, neutral data environment used by thousands of retailers and brands to access, share and/or exchange shopping and purchasing data.
Unlike data co-ops, we believe in giving our partners complete control over their participation. They can leverage the marketplace to buy data, share data or do both. It is their choice.
PRODUCT AND BRAND TYPES
Our taxonomy was built based on retailer and brand data and is persistent across our entire platform. All data ingested from our partners is normalized into simple product and brand segments which powers all engagements and activations.
Includes over 6,000 product types
Houses over 57,000 brand types
Audited and maintained by internal team of “cybrarians”
retailers and brands leveraging our marketplace
actively sharing data on the platform
of partners both buy and share data
shopping and browsing behaviors available for targeting
in ecommerce transactions available for targeting and attribution
Making all data actionable
We ingest multiple types of data from our Market Makers that enable us to understand where users are shopping, what products and brands they are shopping for, what they ultimately purchase and how they behave across channels and devices. From this we create unique advertising, insights and attribution products. Type of data ingested:
Where people are shopping
Types of products they are shopping for
Brand and product types
Loyalty Card Data
SKU level data
Loyalty/ Reward data
Interested in how second-party data is used in our technology?