Apple's iOS 14 tracking changes could be money-making opportunity, says report
What you need to know
- Apple recently made big changes to iOS 14 that make it much harder to track users for advertising.
- A new report says the move could in fact turn out to be a business opportunity for some firms.
- Bloomberg says that "heightened business complexity" fuelled by the changes could work out to the advantage of some.
A new report states that big changes made to iOS 14 could actually prove favorable to some advertising agencies if they can capitalize on the increased complexity of marketing that follows.
The report says the changes are an opportunity for companies like WPP, Omnicom, and Publicis Group to "reassert their relevance" stating that some companies, like Caraway Home, are anticipating that changes "will increase the cost of finding new customers on Facebook, and decrease effectiveness of its targeting".
Big companies like Facebook that rely heavily on advertising have touted similar challenges, and on Tuesday Unity said the move could cost the company $30 million. However, as the report notes, there is still an opportunity for some:
The report notes how WPP is creating "a new unit geared to helping clients better use first-party data", with Walgreens Boots Alliance already on board as an early customer.
The report also cites how some companies are responding to changes to cookies introduced by Google, and that all of these measures will "force companies to shift the way they engage with customers". Bloomberg analyst Matthew Bloxham concluded:
With iOS 14.5 Apple introduced measures that mean users have to opt-in in order to be tracked by third parties for the purposes of advertising. Recent iMore polling suggests only 2% of users plan to accept 'allow', with some stating that they will decide on an app-by-app basis, whilst the vast majority (over 70%) state they will not opt-in.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9