Now a new threat looms. In 2018, the General Data Protection Regulation (GDPR) will raise the stakes again—its scope spans the full gamut of online identifiers and ramps up the level of choice and control that consumers will have in relation to their data. Crucially, it is likely to classify cookies as personal data. The implications of this are considerable—as are the fines that businesses will incur if they don’t comply.
This is not the death of the cookie, but it is certainly a major threat to the current way in which marketers are approaching online data. Marketers will need to adapt their strategy and their systems as a result—but they should view this as an opportunity as well as a threat. GDPR should encourage us to explore more innovative types of data and, ultimately, employ a more diverse data strategy.