Andy Monfried, CEO of Lotame, discusses the reinvention of Lotame as a data collaboration platform. Topics include DMP vs. CDP, the shift to first-party data, adaptation to the post-third-party cookies era, and fostering data collaboration and independence at Lotame.
Lotame transitioned to a data collaboration platform, focusing on connectivity and addressability.
Emphasizing data enrichment and actionable insights, Lotame navigates beyond first-party data management.
Lotame's proactive Panorama ID prepares for cookie-less environments, ensuring continued client connectivity.
Deep dives
Evolution of Lodomy's Offerings
Lodomy, founded 18 years ago, has transitioned from an Audience Network to a Data Management Platform and now positions itself as a data collaboration platform. Through innovations like Panorama ID, introduced in 2020, and offerings like ID Graphs and data connections, Lodomy has adapted to the changing ad tech landscape, emphasizing connectivity and addressability.
Challenges with First-Party Data and CDPs
First-party data's limitations are highlighted, with Lodomy emphasizing the need for data enrichment and connectivity beyond just managing first-party data. Contrary to the CDP hype, Lodomy stresses the importance of delivering real outcomes and services to clients, focusing on actionable insights and connectivity.
Preparedness for Third-Party Cookie Deprecation
With the imminent deprecation of third-party cookies, Lodomy's Panorama ID was introduced to ensure continued connectivity and addressability for clients across the ecosystem. Despite industry hesitance and challenges, Lodomy's proactive approach and broad integrations have positioned them well for cookie-less environments.
Company Independence and Future Plans
Lodomy's decision to remain independent despite acquisition offers from major companies was driven by the CEO's vision and client partnerships. While considering a possible IPO in the next 18 to 24 months, Lodomy prioritizes client relationships, services, and practical outcomes over external trends and pressures.
Critique of Privacy Initiatives and Data Collaboration
Amidst critique of privacy initiatives like the Privacy Sandbox, Lodomy underscores the branding tactics of tech giants and skepticism around genuine privacy concerns. Emphasizing data collaboration as a core focus, Lodomy positions itself as a pragmatic, client-focused company with a strong stance against questionable practices like ID bridging.
Signal loss is real, but don’t write an elegy for data management platforms just yet, says Andy Monfried, CEO and founder of Lotame, which turned 18 this year. Also in this episode: Lotame’s reinvention of itself as a data collaboration platform.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode