The GDPR (General Data Protection Regulations) comes into effect in May 2018, and the new regulations will have implications for digital media since consumers need to be re-informed about what data is being collected on them. And, according to Rickard Lawson, Head of Publisher Relations at Strossle, this might actually increase the importance of native advertising.
Below are highlights from the interview which have been slightly edited for clarity.
I think those regulations will try to deliver some of that control back to consumers.
Control to the consumers
The new regulations that are coming into play -- not only in Europe but most significantly for us here in Europe -- the GDPR and the new ePrivacy Directive, will have a massive impact on how we use consumer data to deliver a message.
At the moment, we've structured a 200 billion dollar data brokering industry. And that industry has not been about the consumers.
The consumers have been cut completely out of that value chain. And I think those regulations will try to deliver some of that control back to consumers. That's the way it has to go. It has to be about the consumers.
We're gonna have to ask for the permission to speak to consumers, but we have to be very upfront about what we're asking for.
The impact of regulations
With the new regulations, we're gonna have to have a much more granular consent. We're gonna have to ask for the permission to speak to consumers. But we have to be very upfront about what we're asking for.
Currently with the state of the cookies that we're seeing today -- you know you put a big fat cookie on the page and people don't read it, they just click OK -- means that consumers are misinformed about what happens with their data.
So the change here now is that you as a consumer will have much more information about where and what your data is being used for. And it's going to make it increasingly hard to get consent because people will be much more informed and much more critical about what they're actually saying yes to.
That's where the true value of native advertising comes into play.
Native is the way to go
So for brands, the big impact is that you are going to have to offer something of value to consumers for them to give their consent. And that something of value has to be something more than an ad.