Acxiom Builds Innovative Marketing Platform for Toyota’s Move Away From Cookies

Rhea-AI Summary

Toyota Motor North America (NYSE: TM) has partnered with Acxiom to develop a new Data Onboarding and Activation Platform (DOAP) aimed at enhancing customer experiences through data-driven strategies. This platform replaces traditional Data Management Platforms (DMP) with a focus on first-party data, complying with industry privacy standards. It enables both Toyota and Lexus to coordinate customer interactions across multiple channels effectively. The collaboration aims to optimize marketing efforts, improve analytics, and strengthen customer relations in a cookie-less digital landscape.

Positive

• Launch of a new Data Onboarding and Activation Platform (DOAP) to enhance customer experience.
• Focus on first-party data aligns with evolving data privacy regulations.
• Expected to optimize media spend while reducing overall data investments.
• Acxiom's leadership in data management trusted by many Fortune 100 companies.

Negative

• None.

New solution focuses on accelerating growth through first-party data-driven customer acquisition and retention strategies for Toyota and Lexus in the United States

CONWAY, Ark.--(BUSINESS WIRE)-- Acxiom®, the customer intelligence company whose data-driven solutions create business growth by enabling better customer experiences, today announced it has teamed up with Toyota Motor North America (TMNA) to create an innovative and flexible platform solution for TMNA that elevates customer experience without the use of third-party cookies. Acxiom’s more than 50 years of experience in data management, identity, and data ethics met the challenge: to design and build a platform for media analytics and marketing activation tools consistent with Toyota’s industry-leading data privacy practices and scalable to meet new growth opportunities.

The new Data Onboarding and Activation Platform (DOAP) is a digital and mobile solution that replaces TMNA’s traditional Data Management Platforms (DMP). It provides both Toyota and Lexus brands with a secure platform to accurately coordinate touchpoints across offline and digital first-party data to create a multi-channel view of customers, leads, and hand raisers. This shift in digital strategy creates a privacy-compliant framework to preemptively prepare TMNA, along with its dealer associations and private distributors, for the evolving digital landscape while enabling the Toyota and Lexus brands to build more meaningful relationships with customers in a connected environment.

“We leveraged Acxiom’s experience to create a consolidated database to power our data-driven marketing strategies,” said Lisa Materazzo, Group Vice President, Toyota Marketing at Toyota Motor North America. “We are pleased to have built this platform solution with a partner that understood the need to safeguard our proprietary customer data as well as deliver best-in-class experiences with our customers in a privacy-focused manner as they interact with our brands, vehicles, and dealers.”

Traditionally, advertisers have used DMPs for cookie-based audience building, digital media buying, measurement, and personalization to reach the right customer with the right message. In a world without third-party cookie data, marketers must rethink how they can use their DMPs for activation and analytics. Acxiom’s identity management and identity resolution capabilities will provide a holistic view of TMNA customers to deliver to them exceptional experiences. This will play a key role in helping both automotive brands to gain better insights to attract, engage, and retain customers.

“Toyota and Lexus will be able to enhance their customer view and perform advanced analytics to optimize media spend, all while drastically reducing overall data investments downstream,” said John Campos, senior vice president of automotive at Acxiom. “We wanted to provide both brands an innovative way to use flexible data ingestion methods to help the company improve their customer experiences through personalization, relevant advertising, and consistency across channels and devices. This new solution will ready their approach for the future.”

Acxiom’s leadership in data management has won the trust of more than half of the current Fortune 100 companies, eight out of the top 10 Original Equipment Manufacturers (OEMs) and has a 95% renewal rate with their clients.

Acxiom and Toyota will hold a joint presentation at Reuters Events Automotive 2021 on October 22 to discuss this new solution. For more information about the event or Acxiom’s innovative solution, please visit: www.acxiom.com/auto.

About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands plus our 1,800 dealerships.

Toyota has created a tremendous value chain and directly employs more than 47,000 in North America. The company has contributed world-class design, engineering, and assembly of more than 40 million cars and trucks at our 14 manufacturing plants, 15 including our joint venture in Alabama that begins production in 2021.

Through its Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com.

About Acxiom
Acxiom is a customer intelligence company that provides data-driven solutions to enable the world’s best marketers to better understand their customers to create better experiences and business growth. A leader in customer data management, identity, and the ethical use of data for more than 50 years, Acxiom now helps thousands of clients and partners around the globe work together to create millions of better customer experiences, every day. Acxiom is a registered trademark of Acxiom LLC and is part of The Interpublic Group of Companies (IPG). For more information, visit Acxiom.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005589/en/

Sherry Hamilton

VP, PR and Communications

sherry.hamilton@acxiom.com

(501) 342-6029

Source: Acxiom

FAQ

What is the new platform launched by Toyota and Acxiom?

The new platform is called the Data Onboarding and Activation Platform (DOAP), designed to enhance customer experience through first-party data.

How does the new platform benefit Toyota Motor North America (TM)?

The platform helps TM optimize marketing strategies, improve customer analytics, and ensure compliance with privacy regulations.

When was the announcement made for the partnership between Toyota and Acxiom?

The partnership announcement was made on October 18, 2021.

What is the significance of first-party data for Toyota (TM)?

First-party data allows Toyota to build stronger customer relationships while adhering to data privacy standards, replacing reliance on third-party cookies.

Where will Toyota and Acxiom present their new collaboration?

They will present at the Reuters Events Automotive 2021 on October 22.