Cambridge Analytica’s breach on Facebook is just the tip of the iceberg. Here’s what’s in store for consumers.
Facebook’s 2.1 billion monthly active users likely had some notion the information they share on the network is mined for ad targeting. However, news of Cambridge Analytica accessing data from the accounts of not just those who downloaded a personality prediction app, but also “friends who had their privacy settings set to allow it,” likely has many of those users pondering data and privacy in the digital era like never before.
This breach is far from new, though. Marketers have long had access to far more digital data about consumers than most realize, which powers sometimes unnervingly accurate predictive analytics.
In 2003—a year before Facebook was founded—Target used shopping behavior to determine a Minnesota teenager was pregnant before her father did. This infamous example of predictive analytics is just one of the unintended consequences of tapping into data about behaviors, locations and transactions to pinpoint patterns around what consumers are likely to do.
In the time it took that Minnesota teenager to raise her own teen, the amount of data brands like Facebook have at their fingertips has only grown exponentially, and they’re investing more on predictive analytics and machine-learning software to boot: Forrester Research said spending will increase from $3.5 billion in 2016 to approximately $6.2 billion by 2020.
Esta historia es de la edición March 26, 2018 de ADWEEK.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 26, 2018 de ADWEEK.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
News Anchor Of The Year Megyn Kelly
From Trump to ailes, the fox news personality fearlessly faces off with the powers that be—and ends up crushing the cable ratings race.
The Big Bang
Global consultancies are rocking the agency world, creating a new universe of offerings that meld marketing and technology.
DROGA5
Using the fingers on just one hand, David Droga argues, you can count the number of agencies that possess a “strong soul.”
Ogily
When it comes to leadership changes, 2016 will be remembered as a time of disruption.
The Myth of White Space
'Brands have to stand out in an obvious crowd—not stand alone in an unusual spot that no one cares about.'
Brand Phelps
Can the greatest olympian in history be as dominant out of the pool as he was in it?
Masters Of Their Domain
WHY DIGITAL BRANDS ARE KILLING IT IN ECOMMERCE. BY LAUREN JOHNSON
Winners' Playbook
BRANDS OFTEN FIND THAT WHEN THEY AIM TO DO GOOD, THEY ALSO END UP DOING WELL. HERE ARE FOUR RULES TO KEEP IN MIND. BY DAN TYNAN
Flipping The Disruption Script
THE FORTUNE 500 SHOULDN’T REST ON THEIR LAURELS OF HAVING A FIRST-TO- MARKET ADVANTAGE.
MCCann
All things old were new again in 2017 as McCann dominated the U.S. agency landscape with a string of wins and created the most-discussed campaign of the year in Fearless Girl.