Without cookies, according to Meta, businesses can find new clients. Because of its AI tools Due to privacy constraints, it is more difficult for companies to target specific clients with paid social network advertising. Facebook’s founder claims that its new tools can be helpful.
Third-party cookies are no longer used. At least, it is what Meta claims about artificial intelligence.
The Menlo Park, California-based company revealed earlier this month that it is releasing new AI-powered tools to help businesses connect with both potential and current clients.
To help businesses locate new customers, the “custom audience” option in Meta Advantage, the company’s current line of automated marketing products, provides to deliver ads outside of their chosen target population.
Prior to Meta turning off the in-platform feature in 2018 and Apple further restricting outside usage of it in 2021, marketers could target particular audiences based on opt-in lists, third-party data, or specified demographics.
With the use of this new tool, the platform will be able to deliver ads to potential customers outside of those defined by the retailers, who are chosen using an algorithm that assesses their likelihood of engaging with the advertisement.
Businesses have been unable to use third-party cookies to target new customers through paid social advertising since Apple introduced new privacy restrictions in its iOS 14.5 update in the summer of 2021.
This has made growth on social platforms challenging, especially for those that previously relied on cost-effective ad placements. In order to find and convert more customers, businesses are becoming more and more interested in novel methods.
And Meta is attempting to assist. The owner of Facebook released Advantage+ shopping campaign tools to advertisers in August, claiming that doing so enables companies to automatically create Facebook and Instagram advertising.
According to a study of 15 A/B tests conducted by the company, these automated campaigns resulted in a 12 percent lower cost per purchase than conventional advertising.
By showing ads to algorithmically chosen customers outside of the advertiser’s chosen audience, Meta claims that its new custom audience tool will allow advertisers to reach an even bigger number of potential customers.
Marketers’ receptivity to Meta’s AI and automation solutions is yet to be seen. According to Lee Joselowitz, growth marketer and co-founder of Los Angeles-based performance marketing firm The Quality Edit, iOS 14.5 revolutionised how companies are able to target people on sites like Facebook.
Businesses now more than ever depend on first-party data, lengthy content, and potent marketing to reach their target audiences as a result of Apple’s privacy policies.
In addition to becoming a really powerful creative strategist and storyteller, she continues, “a good Facebook marketer has had to gain more technical abilities around signals and measurements.” The push by Meta for AI-driven marketing solutions suggests that a simpler path may yet be available.