Snowflake Announces Support of Unified ID 2.0

Rhea-AI Summary

Snowflake (NYSE: SNOW) announced its support for Unified ID 2.0, an open-source identity solution developed by The Trade Desk. This integration allows organizations to enhance audience data without sharing personally identifiable information (PII). With Unified ID 2.0, Snowflake customers can optimize data-driven advertising strategies using secure data sharing technology. The solution aims to enable brands, publishers, and data partners to manage first-party data efficiently while ensuring consumer privacy. Key platforms adopting Unified ID 2.0 include The Washington Post, FuboTV, and Nielsen.

Positive

• Unified ID 2.0 enhances audience data management for Snowflake clients.
• Supports secure data sharing without compromising consumer privacy.
• Empowers brands to optimize advertising strategies efficiently.

Negative

• None.

Snowflake (NYSE: SNOW), the Data Cloud company, today announced support for Unified ID 2.0 to help organizations easily enrich audience data, without sharing consumers’ personally identifiable information (PII). With Unified ID 2.0 support, Snowflake customers will be able to optimize their data-first advertising strategies by directly activating audiences on any platform that has adopted Unified ID 2.0, using Snowflake’s secure data sharing technology.

Initially developed by The Trade Desk, Unified ID 2.0 is an open source, industry-governed identity solution that preserves the value of relevant advertising audience data for the brands, agencies, publishers, data partners, and data platforms that benefit from data sharing, while giving consumers more control over the use of their data. As Unified ID 2.0 leverages the secure data sharing technology in the Snowflake Data Marketplace, it will provide an alternative to third-party cookies and a potential replacement for traditional APIs and email integration solutions. The availability of UID 2.0 on the Snowflake Data Marketplace will empower Snowflake advertising and publishing partners to leverage the power of the Data Cloud to safely manage their first party data by matching identifiers for a single-view of their consumer.

“Unified ID 2.0 was created to provide the advertising industry in the open internet with the ability to collaborate on email-based audience data, while also providing more consumer control,” said Bill Michels, General Manager of Product at The Trade Desk. “With Unified ID 2.0 and Snowflake’s Data Cloud, our customers will be able to more efficiently bring data together from across platforms and engage in more effective audience targeting and measurement, re-defining how the industry leverages data insights.”

Platforms which accept Unified ID 2.0 include: The Washington Post, FuboTV, Tubi TV, Magnite, Oracle, Nielsen, LiveRamp and more.

With the Snowflake Data Marketplace and Unified ID 2.0:

• Brands will be able to join purchase data and ad exposure data tied to Unified ID 2.0s, helping them more effectively optimize audience targeting on the open internet in near-real time, while keeping consumer privacy in mind.
• Publishers will be able to activate their first party data with Unified ID 2.0s and pass them to SSPs and DSPs for execution without sharing any first-party PII.
• Data partners will be able to augment data assets of brands and publishers in a privacy-conscious way, since PII data never needs to move from Snowflake’s single, integrated platform.

“By adding the UID 2.0 solution to the Snowflake Data Marketplace, all Snowflake customers will be able to seamlessly leverage the integration and join their first- and third-party data in a privacy-conscious manner, activated directly from the Snowflake platform,” said Bill Stratton, Snowflake Global Head of Media and Advertising Industry. “We look forward to expanding our capabilities even more to continue solving the key challenges for the advertising industry.”

Learn More:

• Check out the latest insights from Snowflake Marketing Analytics Forum to learn how IT and marketing teams are leveraging the Data Cloud.
• Learn more about how the Data Cloud can help mobilize Advertising, Media, and Entertainment data.
• Stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter.

About Snowflake

Snowflake enables every organization to mobilize their data with Snowflake's Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 187 of the 2020 Fortune 500 as of April 30, 2021, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210714005373/en/

FAQ

What is Unified ID 2.0 and how does it benefit Snowflake customers?

Unified ID 2.0 is an open-source identity solution that allows Snowflake customers to enrich audience data while maintaining consumer privacy, enhancing advertising strategies.

Which companies are adopting Unified ID 2.0?

Key platforms adopting Unified ID 2.0 include The Washington Post, FuboTV, Tubi TV, Magnite, Oracle, Nielsen, and LiveRamp.

How does Snowflake enhance data sharing for advertisers?

Snowflake enables secure data sharing through Unified ID 2.0, allowing brands to manage their first-party data efficiently without sharing personally identifiable information.