Foursquare recently announced that they are the first MRC-accredited location intelligence company. This accreditation requires Foursquare to “adhere to the Location-Based Advertising Measurement Guidelines, issued by the MRC (Media Rating Council), the Interactive Advertising Bureau and the Mobile Marketing Association.” But what are the Location-Based Advertising Measurement Guidelines, and what is MRC location data accreditation?
What Is MRC Location Data Accreditation?
Greg Sterling at Martech Today explains that when deployed effectively, mobile location data “can be used to understand real-world customer behavior, purchase intent, brand affinity and as a versatile targeting tool for online and mobile campaigns.” However, quality and accuracy consistency challenges have been an ongoing problem with mobile-location data.
Recently, the decline of third-party cookies has led to mobile location data becoming increasingly popular. Enter MRC (Media Rating Council), who in 2017, with the collaboration of the Mobile Marketing Association (MMA) and the Interactive Advertising Bureau (IAB), sought to put rules around the use of location-based data and offer accreditation based on those guidelines. The three organizations (MRC, MMA and IAB) created, for the benefit of the industry, “a set of recommended practices to serve as a guide in the collection and reporting of location-based data,” according to a statement released at the time the “Location-Based Advertising Measurement Guidelines” were finalized.
MRC location data is mobile location data that is delivered through an accredited location intelligence company, with Foursquare being the first company accredited to provide MRC location data.
What Are The MRC Location-Based Advertising Measurement Guidelines?
Broadly speaking, the MRC Location-Based Advertising Measurement Guidelines, as described by IAB at the time they were finalized, define: “Location-based measurement terms, recommended research practices and disclosures concerning the assignment of device or user location for use in digital advertising measurements. As such, the [MRC Location-Based Advertising Measurement] Guidelines also will serve as a benchmark by which those organizations who engage in such measurement practices can seek to have their services voluntarily validated through an independent third-party auditing process.”
Why Is MRC Location Data Relevant For Digital Marketers?
In the waning days of third-party cookies, trusted, reliable data will become even more critical to digital marketers seeking to deploy geotargeted, local marketing strategies. With location-based data from accredited sources, brands and retailers can serve ads to consumers when they enter specific zip codes or use geographical factors to tailor campaigns, curate messaging and launch promotions.
Are You Looking For New Ways To Reach Targeted Audiences?
Digital Media Solutions® (DMS) helps brands flourish by capitalizing on consumer intent and engagement, deploying sophisticated martech with big data intelligence to connect brands with consumers at the moments they’re most ready to take action, using messages proven to resonate.
About the AuthorMore Content by Sarah Cavill