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Constance Thompson, ACORE & Blair Anderson, AWS | AWS Summit DC 2021


 

>>mhm. Here live in Washington D. C. For two days of wall to wall coverage. I'm john for your host of the cube. Got two great guests here, constant Thompson V. P. Of diversity equity inclusion program at a core american council of renewable energy and Blair Anderson, director of public policy industries at AWS. Thanks for coming on the cube. Thanks for having us. So first of all, big announcement on stage max Peterson, head of public sector announced some big news with a core. Tell us what it >>is. Well we are going to be partnered with amazon to do a supply chain study on how we can best diversify the renewable energy supply chain. So we're actually gonna have baseline data on where we should start to be able to create a program that's going to be a model for the renewable energy industry on how to develop and support the success of black women and bipac owned um firms. So >>this program that you're running accelerate accelerate your programs and membership tell more has it worked? And why the successes having, what is amazon's relationship with it Besides funding? Is there other things you can talk about? >>Yeah. So accelerate wouldn't have been possible if it wasn't for people like Shannon Kellogg with a W. S. Um who about a year ago after the George Floyd murders said, you know, what are we doing as a core? He sits on our board um in this area and we had to say nothing. So um Shannon. And a group of leaders got together and workshop this idea. Let's create a membership program for women and minority owned businesses so that they can be successful in renewable energy. Let's pick a cohort and let's do whether it takes to make them successful. Everything from introducing them to business connects, to mentoring them to even legal services for them. >>Well, yeah, this is like an interesting dynamic. Remember Andy Jassy was on stage when he was the ceo of a W S a year ago, I kind of was preaching, you hate that, I said that word, but preaching to the audience build, build, build, there's an entrepreneurship, public sector vibe going on right now, very entrepreneurial across every industry. I mean, this is a real thing that's going on. >>Yeah, so we're super excited about this opportunity, the work that core has done to lead on this program for the last year, especially with Constance coming in, becoming the leader has kind of been able to take this idea that she mentioned that AWS was kind of a founding member at the genesis of it about a year ago. She's taking this idea that many of these folks put on paper And been able to turn it into a really hard substantive efforts to move it forward. So we've been able to have great conversations with many of these 15 companies that have been brought into the program and start building a relationship with them. I think, as you have seen around a WS like we believe strongly in innovation and creativity. the renewable energy industry is very similarly there is a lot of kind of thinking big and innovative spirit that needs to take place in that space and having the diversity at all levels of these companies is kind of an important component to be able to move that entrepreneurship forward. >>You know, cost is one of the things that we've been reporting on until getting on the cube is right in the wheelhouse of what you're doing is a cultural change happening. And that cultural change with amazon and cloud computing is causing structural changes which are opportunities like radical structural changes. So that means old incumbent, the old guard as you guys call it, this can be replaced not because people hate them because they're inadequate. So you start to see this kind of mindset shift, entrepreneurial, impact oriented I can make a change but actually I can level up pretty quick because the people in charge don't know cloud, I mean I hate to put it bluntly like that, but if you're not on that edge, if you're not not on that wave, your driftwood. >>Yeah. You know it's funny you say that I like to call it, our members are making systemic disruptions to the system in a very equitable way, meaning our members are in communities like Chicago Jackson Tennessee there in the north end of texas, they are in um everywhere and they're in the communities, making these systemic disruptions to the way things happen, the way we talk about renewable energy to the way we deploy solar, they're making those kind of changes. So to your point they're doing it, we have to catch up to them because they're already out there, they're moving their entrepreneurial, >>it's like, it's like there's a class of entrepreneurship and evolving and it's like everyone's got the pedigree, this or that knowledge is knowledge and you can apply it in software, you could be shrink wrapped software you put on the shelves called shelf where no successful inventory, give it back cloud computing. If you're not successful. Like right now it's not working. So if you don't have results, no one bought it, it must not work. So it's easy to identify what's working. Yes, so that eliminates a lot of dogma, a lot of weird blocking. It's true, this is a democratization of >>absolutely, I think you're talking about transparency and transparency is one of the tenets of inclusion. If you're truly doing things to be inclusive, transparent and that's where you see the changes, that's exactly what you're talking >>about data driven. That's one thing I love about this data world data is now part of like how apps are built, it's not like a database, then you go fetch a file data is now transparently available. If you know what to look for it if it's available. So the whole old silo mentality, this is one of the amazon strength blair you guys are doing. So I have to ask how is this translating out in the public policy world because you know, when you can make this kind of change quicker, you're gonna have some wins under your belt. Yeah, you gotta double down on those. I >>think, I think there's a lot of transformation we're talking about in this conversation. You take kind of one of the missions we're talking about here, which is around clean energy and the expansion of clean energy, Aws and Amazon. We have procured 10 gigawatts of renewable power and making us the largest corporate procure globally, to kind of put that in maybe a little bit more approachable context, that's the equivalent of powering 2.5 million homes. Um and there's still farther to go to be able to meet that kind of think big that is happening in the industry right now, you have to have a broad, diverse industry to be able to reach all those communities to be, have kind of all types of different leaders in it, because we need everybody at the table both for the industry, but also for the communities that are being served. >>What does sustainability mean to you? Because this is a core focus, I know the energy things huge, but it's not obvious to some people, but it's getting better. What are the what's the core 10ets behind the sustainability strategy? >>Yeah, no, I think there's a lot of different ways you can take a stab at that for us. It's uh probably most uh out there in the public that people talk about is our climate pledge. This is kind of a um goal that we've set to be uh net zero carbon by 2040 which is 10, 10 years ahead of the paris Climate change within that. There are components of that that are related to electric vehicles, clean energy, renewable energy procurement, carbon offset programs around the world. I think throughout all of that is kind of coming back to, as you said, with sustainability and approaching climate change as a as an issue that needs a comprehensive holistic approach to talk >>about some of the stories and the members that you have because is the recruiting strategy climate change? Or is there another like how do you because renewable energy could be a no brainer, but how to get people excited? Like save the world. What's the what's the what's the, what are people aligning with then? What's their reaction? So, >>You know, it's very simply the way we see with our members, most of our members, 87% of them are in the solar area. Many of them when we talk about sustainability, how can people live their lives in a way where they save money on their energy bills? How can communities understand how they can harness their own renewable energy, make a little money from that, but also live their lives in a very peaceful, sustainable, peaceful, sustainable way. Right, so that's part of it as an example, a couple of examples is that we have um 548 capital is a member company. And keep in mind that these are early startup companies. 5 48 capital is in Chicago and their models started off with we want all homes in our communities and these are places in the hood, some of them um son text works with people, it works with spanish speaking customers solely in texas where they explain to them the benefits of renewable energy. They explain the benefits of a sustainability and what it is. I mean that's so that's kind of what we're looking >>at here is just kind of show up and just kind of telling the truth >>exactly and show them the benefits that they've kind of not been leading on. Actually. The other thing is that this is about economics. So this renewable energy movement that we're going through is about economics. It is a it's our next wave of being able to ensure americans are able to live lives in a in a way that's meaningful economic. >>Well you've got visibility on the unit economics event good energy. There's also a community angle. >>Yes, absolutely. >>About some of those stories around the community response to this idea, wow this actually is gettable. Yeah, we >>solar is one of our members and it's owned by the first female community solar own company out of. She's out of Baltimore but she has a solar farm here in D. C. And what she did was was engaged churches in how can you get involved in this renewable energy movement? How can you save money? How can you create a community around around this work? We sold as an example of that um son text, I have to mention them again. They speak with they work with only spanish speaking customers who had no clue about this and who are now making having their lives live better because of it, >>you know, affecting change is hard now you've got a tailwind with structural change in systemic opportunities there. What are the blockers? What are the blockers right now? Is an awareness, is it participation community? >>I'm sorry, it's your show and I've >>interrupted, you know, >>we talk about entrepreneurs in the space, particularly women and those from bipod communities. The first thing that you'll hear is they'll say we don't have access to capital people. The terms around getting capital to start up are tough and their barriers there's so that's one the second is awareness and that's awareness of introducing them to companies that might want to do business with them. So that's something that's a benefit for a core occurs. Members are all people who touch every renewable energy transaction from the finances to the developers to the to the buyers. So this is what makes it unique. So what we're doing with accelerate is breaking down the barriers of access to capital by introducing them to people who can potentially support their work but also introducing them to companies that can help them be a part of their supply chain, which is why the study that max announced is amazing because we're going to be able to have baseline data on what, what are the demographics of the supply chain in the renewable energy and what can we do about it? And we're gonna scale accelerate to be a model for the industry >>and that's the transparency angle. Get the baseline, understand this is classic Amazonian thinking, get the baseline, raise the bar, >>you can see why you get >>so OK, so a lot of great stories, how do people get involved? Obviously amazon is taking the lead leadership role here. What can people do to get involved? >>So if you want to support the program as amazon is a corn dot org accelerate or Thompson at a core dot org. That's my email address. If you'd like to become a member company and accelerate program will be opening up applications towards the latter part of this year november december again a core dot org slash accelerate >>renewable energy. What's the coolest thing you've seen so far in your programme around neutral energy um, could be story, it could be people story could be tech story. What's the coolest thing you've seen spot there? Yeah, you really did. You >>know, I think we have a company called clear look, that's a member there out of Jackson Tennessee and they're actually working with retailers are renewable energy credits to create, to create renewable energy farms in their area. And I, what I think is so cool is that she's disrupting the way that you go about using renewable energy credits. Clear loop dot org. Look them >>up in the new york times. Had a story. I'm just reading California other areas. We have a high density of electric vehicles, it's training the power grid. So this idea of coming in, come back is what it's not sure yet. It's not, this is kind of where it's going. So okay, what's the cool thing you've seen? >>No, for me, I've just enjoyed kind of, I've enjoyed the journey. I think the moment for me where I could see that this was real and this was going to be a impactful program constants organized. It's called a speed dating, a virtual speed dating for us with about eight different companies and it was fascinating to get on, spend some time being able to interact with eight different companies. Um, who we probably would not have ever had kind of introduction to before in the past either. They didn't know how to get in touch with us. We didn't know how to get in touch with them and it kind of opens your eyes to all the different ways. People are approaching this problem and starts the executives who I had in these colors. You can see their wheels spinning the ideas sparking of oh there's some cool ideas here. There's something new that we could do. We should explore further. Nothing I can announce at the moment but lots of lots of good uh I'm >>sure the baseline max got baseline studies. I'm sure there will be a lot of doubling down opportunities on success or not success because you want to have the data, you know what to work on. Its true cause a great mission. I'm really impressed. Congratulations. Thank you announcement and love the programme. Thank you. Take a minute to give a plug anyone or public >>thanks Shannon Kellogg. Shannon was really behind it. He's a member of our board represents a W. S. And was really behind, we gotta do something. It's got to be unique and it's got to be something intentional. And here we are today I want to give a >>great opportunity. Thanks for coming in, appreciate it. Thank you for having more cube coverage here from Washington D. C. Amazon web services, public Sector summit. An event in person where people are face to face. This is great stuff is the cube right back after this short break. Mhm. Mhm. Mhm

Published Date : Sep 28 2021

SUMMARY :

Thanks for coming on the cube. how to develop and support the success of black women and bipac owned um firms. S. Um who about a year ago after the George Floyd murders said, you know, what are we doing as a core? I kind of was preaching, you hate that, I said that word, but preaching to the audience build, becoming the leader has kind of been able to take this idea that she mentioned that AWS the old guard as you guys call it, this can be replaced not because people So to your point they're doing it, we have to catch up to them because they're already out there, everyone's got the pedigree, this or that knowledge is knowledge and you can apply absolutely, I think you're talking about transparency and transparency is one of the tenets of inclusion. So I have to ask how is this translating out in the public policy world because you know, kind of one of the missions we're talking about here, which is around clean energy and the expansion of clean energy, but it's not obvious to some people, but it's getting better. There are components of that that are related to about some of the stories and the members that you have because is the recruiting strategy climate a couple of examples is that we have um 548 capital is a member company. able to ensure americans are able to live lives in a in a way that's meaningful economic. Well you've got visibility on the unit economics event good energy. About some of those stories around the community response to this idea, wow this actually is gettable. How can you create a community around around this work? What are the blockers right now? the to the buyers. and that's the transparency angle. What can people do to get involved? So if you want to support the program as amazon is a corn dot org accelerate or Thompson What's the coolest thing you've seen so far in your programme around neutral energy um, disrupting the way that you go about using renewable energy credits. So this idea of coming in, come back is what it's not sure yet. We didn't know how to get in touch with them and it Take a minute to give a plug anyone It's got to be unique and it's got to be something intentional. This is great stuff is the cube right back after this short break.

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Xiao Lin, Somer Simpson, & Chris Guenther | Quantcast The Cookie Conundrum: A Recipe for Success


 

(upbeat music) >> Hello, welcome back to the Cookie Conundrum, A Recipe For Success an industry conference and summit from Quancast on the demise of third-party cookies. We've got a great industry panel here to break it down. Chris Guenther, senior vice president global head of Programmatic at News Corp. Chris, thanks for coming on. Xiao Lin, managing director solutions at Xaxis, and Somer Simpson, vice president of product at Quancast stellar panel. Looking forward to this conversation. Thanks for coming on and chatting about the cookie conundrum. >> Thank you for having us. >> So, Chris, we'll start with you at News Corp obviously major publisher. Deprecation of third-party cookies affects everyone. You guys have a ton of traffic, ton of audience across multiple formats. Tell us about the impact to you guys and the reliance you guys had on them. And what are you going to do to prepare for this next level change? >> Sure. I mean, I think like everyone in this industry there is a, you know, a significant reliance and I think it's something that a lot talk about audience targeting, but obviously they realize that third party cookies pervasive across the whole ad tech ecosystem, MarTech stack. And so, you know, we have to think about, you know how that impact, you know, our vendor the vendors we work with, what it means in terms of our use cases across marketing, across advertising across site experience. So, you know, without a doubt, it's significant. But you know, we look at it as listen. It's disruptive in disruption and change is always a little scary, but overall it's a it's a long overdue reset. I mean, I think that, you know, our perspective is that the the cookies, as we all know, is it was a crutch, right? It's sort of a technology being used in way it shouldn't. And so, as we look at what's going to happen presumably after Jan 2022, then it's a good way to kind of fix on some bad practices practices that lead to data, leakage, practice sort of devalued for our perspective. Some of the, you know, we offered as, as publishers. And I think that this is a key thing is that we're not just looking to as we look through post gen world, not just kind of recreating the prior world. Because the prior world was flawed or I guess I could say the current world since it hasn't changed yet. But the current world is flawed. Let's not just replicate that. You know, let's make sure that third party cookies goes away other work around like fingerprinting and things like that, you know, also go away. So, you know, philosophically that's where our head's at. And so, you know, as we look at how we are preparing you look at sort of what are the core building blocks of preparing for this world. Obviously one of the key ones is privacy compliance. Like how do we treat our users with consent? You know, obviously are we aligned with the regulatory environments? You know, in some ways we're not looking just to Jan 2022 but Jan 2023, where there's going to be the majority of our audiences, we covered by regulation. And so I think from regulation up to data gathering, to data activation, all built around an internal identifier that we've developed that allows us to have a a consistent look at our user is whether they're logged in or obviously, anonymous. So it's really looking across all those components, across all our sites, and all in a privacy compliant way. So a lot of work to be done, a lot of work in progress but you know, we're excited about what's going on. >> I like how you framed it, you know, old world or next gen kind of the current situation is kind of flawed. And as you think about Programmatic, the concept is mind blowing and what needs to be done. So we'll come back to that because I think that original content view is certainly relevant. It's a huge investment, and you've got great content and audience consuming it. Xiao, from a major media standpoint get your perspective on the impact because you've got clients who want to get their message out in front of the audience at the right time, at the right place and the right context. Right? So yeah, privacy, you got consent and all of these things kind of boiling up how do you help clients prepare? Because now they can go direct to the consumer. You know, everyone, everyone has a megaphone now everyone's you know, everyone's here, everyone's connected. So how are you impacted by this new notion? >> You know, if the cookieless future was a tik tok dance, we'd be dancing right now and at least until the next year. This has been top of mind for us and our clients for quite some time. But I think as each day passes the picture becomes clearer and more in focus. The end of the third party cookie does not mean the end of Programmatic. So clients work with us in transforming their investments into real business outcomes based on our expertise and based on our tech. So we continue to be in a great position to lead, to educate, to partner, and to grow with them along this cookieless future. The impact will be all encompassing in changing the ways we do things now and also accelerating the things that we've already been building on. So we take it from the top. Planning will have a huge impact because it's going to start becoming more strategic around real business outcomes. We're omni-channel. So clients wants to drive outcomes through multiple touch points of a consumer's journey. Whether that's programmatic, whether that's as a cookie free environment like connected TV, out of home, audio, gaming, and so forth. So we're going to see more of these strategic holistic plans. Creative will have a lot of impact. It will start becoming more important with Creative testing, Creative insights, you know, Creative in itself is cookieless. So there will be more focus on how to drive a brand dialogue, to connect to consumers with less targeting, with less cookies. With the cohesiveness of holistic planning, Creative can align through multiple channels. And lastly, the role of AI will become increasingly important. You know, we've always looked to build our tech, our products, to compliment new and existing technology as well as the client's own data and tech stack to deliver these outcomes for them. And AI in its core is just taking inputted data and having an output of your desired outcomes. So input data could be DSP data beyond cookies such as browser, such as location, such as contextual, a publisher taking client's first party data, first party CRM data like store visitation sales site activity. And using that to optimize in real time regardless of what vendor or what channel we're on. So as we're learning more about this cookieless dance, we're helping our clients on the steps of it, and also introducing our own moves. >> That's awesome. Data is going to be a key value proposition, you know connecting in with content real time. Great stuff. Somer, with your background in journalism and you're the tech VP of product at Quancast. You have the keys to the kingdom over there. It's interesting, journalism is about truth you know, good content, original content. But now you have a data challenge, problem, opportunity on both sides, brands and publishers coming together. This is a data problem in a way. It's a tech stack, not so much just, you know getting the right ads to show up at the right place, the right time. It's really bigger than that now. What's your take on this? >> You know, I, so first I think that consumers already sort of accept that there is a reasonable value exchange, you know, for their data, in order to access free content. Right? And that's a critical piece for us to all kind of understand. Over the past. Yeah, probably two years, since even before the GDPR, we've been doing a ton of discovery with customers, both publishers and marketers. And so, you know, we kind of known this this cookie going away thing is, has been coming and you know, Google's announcement just kind of confirmed it. And it's been really really interesting since Google's announcement how the conversations have changed with our customers and other folks that we talk to. And I've almost gone from being like a product manager to a therapist because there's such an emotional response. From the marketer perspective, there's real fear there. There's like, Oh my God, how you know, it's not just about delivering ads. It's about how do I control frequency? How do I measure, you know, success? You know, because the technology has grown so much over the years to really give marketers the ability to deliver personalized, you know, advertising good content to consumers and be able to monitor it and control it so that it's not too, too intrusive. On the publisher perspective side, we see a slightly different response. It's more of a yes. Right? You know, we're taking back control and we're going to stop the data leakage. We're going to get the value back for our inventory. Both things are a good thing. But if it's not managed, it's going to be like ships passing in the night. Right? In terms of, you know, them coming together. Right? And that's the critical pieces that they have to come together. They have to get closer. You got to cut out a lot of like that LUMAscape in the middle so that they can talk to each other and understand what's the value exchange happening between marketers and publishers and how do we do that without cookies? >> Yeah. It's a fascinating, I love your insight there. I think it's so relevant. And it's got broader implications because, you know, if you look at how data is impacting some of these big structural changes and refactoring of industries look at cybersecurity, you know no one wants to share their data but now if they share, they get more insight more machine learning, benefit, more AI benefit. So now we have the sharing notion but that goes against counter the big guys that want a walled garden. They want to hoard all the data and control that to provide their own personalization. So you have this confluence of, hey I want to hoard the data and then now I want to share the data. So Chris and Homer, in the wheelhouse you've got original content and there's other providers out there. So is there the sharing model coming? with privacy and these kinds of services is the open come back again? How do you guys see this? The confluence of open versus walled gardens. Because you need the data to make machine learning good. >> I'll start off. I mean, listen, I think you have to give credit to the walled gardens I've created. And I think as we look as publishers, what are we offering to our clients? What are we offering to the buy-side? We need to be compelling. We shouldn't just be, obviously, as journalists I think that there is a case of, you know the importance of funding journalism. But ultimately we need to make sure we're meeting the the KPIs and the business needs of the buy-side. And I think around that, it is, you know there's sort of three core pillars to that. It's ease of access, it's scope of activation and targeting, and finally, measurable results. So as I think, as us, as an individual publisher of so we have multiple publications so we do have scale, but then in partnership with other publishers perhaps organizations like Prebid, you know I think we can, we're trying to address that. And I think we can offer something that's compelling and transparent in terms of what these results are. But obviously, you know, I want to make sure it's clear that transparent terms of results, but obviously where there's privacy in terms of the data. And I I think we've all heard about like data clean rooms, a lot of them out there flogging those wares. And I think there's something valuable, but you know I think it's who is sort of the right partner or partners, and ultimately who allows us to get as close as possible to the buy side. And so that we can share that data for targeting shared for perhaps for measurement, but obviously all in a privacy compliant way. >> Somer, what's your take on this? Because you talk about the future of the open internet democratization. The network effect that we're seeing in virality and across multiple omni-channels as Xiao pointed out, it's happening. That's the distribution now. So that's almost an open garden model. So it's like >> Yeah. And yeah, it's, it's, you know back in the day, you know, Nightrider who was the first group that I, that I worked for, you know each of those individual properties were not hugely valuable on their own from a digital perspective. but together as a unit, they became valuable. Right. And got a scale for advertisers. Now we're in a place where, you know, I kind of think that each of those big networks are going to have to come together and work together to compare in size to the, to the walled gardens. And yeah, this is something that we've talked about before, an open garden. I think that's the definitely the right route to take. And I agree with Chris. It's about publishers getting as close to the marketers as possible, working with the tech companies that enable them to do that, and doing so in a very privacy centric way. >> Xiao how do we bring the brands and agencies together to get ready for third-party cookies? Because there is a therapist moment here of it's going to be okay, the parachute will open. The future is not going to be as grim. It's a real opportunity, but if managed properly. What's your take on this? Is it just more first party data strategy? And what's your assessment of this? >> So we're collaborating right now with ball grants on how to distill very complex cookieless future you know, what's going to happen in the future. To six steps that we can take right now and marketers should take. The first step is gather Intel on what's working on your current campaign analyzing the data sets across cookie free environment. So you can translate those tactics eventually when the cookies do go away. So we have to look at things like temporal or time analysis. We can look at log level data. We can look at site analytics data. We can look at brand measurement tools and how Creative really impacts the campaign success. The second thing we can look at is geo-targeting strategies. The geo-targeting strategy has been underrated because the granularity and DL data could go down all the way to the local level, even beyond zip code. So for example, the census block data. And this is especially important for CPG brands. So we're working closely with the client teams to understand not only the online data, but the offline data and how we can utilize that in the future. We want to optimize investments around markets that are working, so strong markets, and then test in underperforming markets. The third thing we can look at is contextual. So contextual by itself is cookie free. We could build on small-scale usage to test and learn various keywords and content categories based sets, working closely with partners to find ways to leverage their data, to mimic audiences that you are trying to target right now with cookies. The fourth one is publisher data or publisher targeting. So working with your publishers that you have strong relationships with who can curate similar audiences using their own first party data and conducting RFIs to understand the scale and reach against your audience and your future roadmap. So work with your top publishers based on historical data to try to recreate your best strategies. The fifth thing, and I think this is very important, is first party data. That's going to matter more than ever in the cookieless future. Brands will need to think about how to access and develop the first party data starting with the consumer, seeing of value in exchange for the information it's a goldmine and understanding your consumer their intent, their journey. And you need a really great data sciences team to extract insights out of that data, which will be crucial. So partner with strategic onboarding vendors and vet their ability to accept first party data into a clean room environment for targeting, for modeling, for insights. And lastly, the sixth thing that we can do is begin inform prospecting by dedicating test budget to start gaining learnings about cookieless. One, one place that we can start, and it is under invested right now, is Safari and Firefox. They have been cookieless for quite some time. So you can start here and begin testing here. Work with your data scientist team to understand the right mixes to target and start exploring other channels outside of just programmatic cookies. Like CTV, digit auto home, radio, gaming, and so forth. So those are the six steps that we're taking right now with our clients to prepare and plan for the cookieless future. >> So, Chris, let's go back to you. What's the solution here? Is there one, is there multiple solutions? What's the future look like for a cookieless future? >> I think the one certain answer is there definitely is not just one solution. As we all know right now, there seems to be endless solutions, a lot of ideas out there, proposals when the W3C, work happening within other industry bodies, you know, private company solutions being offered. And you know, it's a little bit, it's enough to make everyone's head spin and to try to track it to understand it and understand the impact. And as a publisher, we're obviously, you know, a lot of people are knocking on our door, you know they're saying, hey, our solution is one that it's going to bring in lots of money. You know, all the buy-side is going to use it. This is the one like unlock all the spend. And it's our experience so far is that none of these solutions are, cause I think everyone's still testing and learning. No one on the buy side from our, from our knowledge is really committed to one or a few. It's all about a testing stage. I think that, you know, putting aside all that noise I think what matters the most to us as publishers, actually something Somer mentioned before. It's about control. You know, if we're going to work with a, you know, again outside of our sort of independent internal identifier work that we're doing, if we're going to work with an outside party or an outside approach, does it give us control >> As a publisher to ensure that it is, you know we control the, the data from our users, you know there isn't that data leakage, it's privacy compliant. You know, what information gets shared out there? What is it what's released within, you know within the bitstream? If it is something that's attached to a, someone, a declared user, a registered user that if that then is not somehow amplified or leverage off in another site in a way that is leveraging bit stream data or fingerprinting and going again. And so I think that the spirit of what we're trying to do in a post third party cookie world. And so those controls are critical. And I think to have those controls as publisher we have to be collectively be disciplined. And you know, what solutions that we sort of we test out and what we eventually adopt. But even when that adoption point arrives it definitely will not be one. There will be multiple because there's just too many cases to address. >> Great, great insight there from you guys at News Corp. Somer, let's get back to you. I want to get your thoughts. You've been in many waves of innovation, ups and downs. We're on a new one now. We talked about the open internet and democratization. Journalism is under a lot of pressure now but there's now a wave of quality people, really leaning in towards fighting misinformation, understanding truth and community and data is at the heart of it. What do you see as the new future for journalists to reward journalism? Is there a way, is there a path forward? >> So there's what I hope is going to happen. And then I'm just going to ignore what could, right. You know, there's a trend in market right now at a number of fronts, right? So there are marketers who are leaning in to wanting to spend their marketing dollars with quality journalists, focusing on BiPAC owned and operated, really leaning into supporting those businesses that have been and those publishers that have been ignored for years. I really hope that this trend continues. We are leaning into helping marketers curate that supply, right. And, and really, you know, speak with their dollars about the things that they support and value in market. So I'm hoping that that trend continues. And it's not just sort of like a marketing blip but we will do everything possible to kind of encourage that behavior and give people the information that they need to find. You know, truly high quality journalism. >> That's awesome. Chris, Xiao, Somer, thanks for coming on and sharing your insight on this panel on the cookieless future. Before we go, just quick summary, each of you if you don't mind just giving a quick sound bite or bumper sticker of what we can expect. If you had to throw a prediction for what's going to happen in the next 24 months. Chris, we'll start with you. >> It's going to be quite a ride. I think that's an understatement. I think that there, I wouldn't be surprised if if Google delays the change to the Chrome by a couple months. And may give the industry some much needed time. But no one knows, I guess, I guess I'm not except for someone somewhere, we are deep within Chrome. So I think we all have to operate in a way that changes that happen, changes that happen quickly. And it's going to cover across all facets of the industry, all facets of, you know, from advertising and marketing. So just be prepared. >> Okay. Xiao. Along those same lines, be prepared. Nobody knows what's going to happen in the future. You know, we're all dancing in this together. I think for us, it's planning and preparing and also building on what we've already been working on. So omni-channel, AI, Creative, and I think clients will lean more into those different channels. >> Awesome. Somer, take us home. Last words. >> I think we're in the throwing spaghetti against the wall stage, right? So this is a time of discovery of leaning and trying everything out learning and iterating as fast as we possibly can. >> Awesome. And I love the cat in the background over your shoulder. I can't stop staring at your wonderful cat. Somer, thanks for coming on. Xiao, Chris, thanks for coming on this awesome panel industry breakdown of the Cookie Conundrum, a Recipe for Success data AI open the future is here. It's coming. It's coming fast. I'm John Furrier with theCUBE. Thanks for watching.

Published Date : May 19 2021

SUMMARY :

and chatting about the cookie conundrum. and the reliance you guys had on them. I mean, I think that, you know, And as you think about in changing the ways we You have the keys to give marketers the ability to So Chris and Homer, in the wheelhouse And I think around that, it is, you know of the open internet democratization. back in the day, you know, Nightrider of it's going to be okay, So for example, the census block data. So, Chris, let's go back to you. I think that, you know, And I think to have those is at the heart of it. And, and really, you know, in the next 24 months. if Google delays the change to the Chrome to happen in the future. us home. I think we're in the throwing spaghetti in the background over your shoulder.

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