Announcement posted by InMobi 23 Jun 2022
Sydney, June 23, 2022 — InMobi, a leading provider of content, monetisation, and marketing technologies that help businesses fuel growth, today released the findings from a Forrester Consulting study “The Future of Mobile Advertising in a Privacy First World.” The study, which was commissioned by InMobi, found that two thirds of Australian and New Zealand businesses are in the early stage of consumer data privacy practice management of maturity, still trying to identify and understand the impact of consumer data privacy developments on their current digital/mobile advertising strategy.
The study also found that 42% of brands and media agencies are struggling to build a culture that values privacy and enforce regulatory compliance internally, while working with insufficient resources, and that 40% of businesses lack executive support for a data stewardship and governance program. Additionally 40% of app publishers operating in multiple countries were found to be struggling to navigate varied privacy regulatory frameworks. Lack of reliable external partners who can help them implement privacy practices, has exacerbated their situation.
Richard O’Sullivan, VP and GM, ANZ, at InMobi commented: “It would appear that despite best efforts, the advertising ecosystem lacks readiness for data and identity deprecation and there’s a long way to go before businesses manage to optimise for profitability. The challenges they face are bound to persist unless technology partners implement privacy by design measures in their offerings, to create positive net effects for both companies and consumers.”
With the study reporting that 62% of marketers are now working with fewer reachable customers and 56% are less able to measure the impact of their digital media spends, it also found that 81% of businesses have onboarded specialists for first-party data collection. Additionally, 60% of respondents indicated they will look to onboard more specialists to manage several walled gardens, while 48% want to do so for identity resolution.
To read more from the Future of Mobile Advertising in Tackling Data and Identity Deprecation, India 2022 report, visit https://go.inmobi.com/tackling-identity-with-mobile-2022-apac/ or contact email@example.com.
InMobi is a leading provider of marketing and monetisation technologies reaching more than a billion consumers around the globe. With deep expertise and unique reach in mobile, it is the trusted and transparent technology partner for marketers, content creators, and businesses of all kinds. InMobi’s mission is to power its customers’ growth by helping them engage their audiences and build meaningful connections. Its affiliated businesses – Glance, the world’s leading lock screen-based content discovery platform and video-platform Roposo – help InMobi create new content and commerce experiences in a world of connected devices. Headquartered in Singapore, InMobi maintains a large presence in San Francisco, Bangalore, New York, Chicago, Kansas City, Delhi, Mumbai, Beijing, Shanghai, Jakarta, Singapore, Metro Manila, Kuala Lumpur, Sydney, Melbourne, Seoul, Tokyo, London, and Dubai. To learn more, visit https://www.inmobi.com/.
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