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We recognise that as brand owners it’s vital that we get it right when it comes to people’s data.
Globally, however, the evidence shows that the way data is collected and used by some industry players has played a large part in reducing people’s trust in online advertising.
Data has become increasingly integral to the process of creating, targeting and delivering digital advertising. Nevertheless, people have a fundamental right to privacy and, for the industry to have a sustainable future, we need to recognise that and recalibrate the way we use data for the sake of the consumer.
We believe that there is a sustainable future for the online advertising industry built on respect for people’s data and that gives them real transparency to help them decide where, when and how they share their data.
We are making the following commitments on data:
We call on the online advertising industry to embrace a fundamental shift towards an ecosystem built on trust, control and respect for people’s data – including players with less transparent methods of collecting and/or using consumer data.
WFA, as the only global organisation representing marketers, will advocate for change and drive action at both company and industry levels.
WFA believes that a future in which consumers have full transparency, choice and control over their data will lead to greater trust in online advertising, more sustainable brand-consumer relationships and better marketing.
To drive this vision forward, WFA will convene an Advisory Board of global industry leaders to work with WFA’s Digital Governance Exchange (DGX) to help define an evidence-based action plan drawing on insights and learnings from consumers themselves.
For more information or questions, please contact Laura Baeyens at l.baeyens@wfanet.org