While many online advertisers are preparing for Google’s 2024 third-party cookie switch off, a new study from Nano Interactive reveals the rise of private browsing is already significantly impacting advertisers’ ability to target users online.
The Tipping Point report, which surveyed 2,000 UK consumers to understand their online privacy habits, reveals 70% are accessing the internet in ways which mask their personal information on a weekly basis, such as browsing in private or incognito mode, using Safari as their main browser or regularly clearing their cookie cache.
One in six people say they clear their internet browsing history and cookie cache daily and 18% say that they opt out of websites’ tracking cookies on a daily basis.
A greater awareness of online privacy is also causing people to question the assumed value exchange the entire advertising ecosystem is built upon - that free content is provided in return for sharing personal data. When asked if their personal data was a fair exchange for a free service, just as many respondents agreed as disagreed (30%). However, the vast majority believe change is needed, with 63% saying advertisers should find a better way to make ads relevant that does not rely on collecting personal information.
The report also highlights that there is huge opportunity for advertisers who are mindful of this sentiment. More than half (52%) of people say they would be more likely to choose a brand if it could prove it never collected or used any personal information for advertising.
Carl White, CEO at Nano Interactive said “The cookie apocalypse isn’t coming next year – it’s already here. Huge swathes of the UK population cannot be addressed online via cookies or profiling and our survey shows that they feel strongly about how personal information is used by advertisers.
“Advertisers need to embrace and test longer-term alternatives that will be more palatable to online audiences and avoid clinging on to outdated or unpopular identity-based targeting methods.
“In 2023, you don’t need to know who someone is to deliver effective advertising online. Brands and advertisers who embrace truly ID-free targeting will be able to target people online in a respectful, effective way today that is future-proofed.”