Gurugram, India – 25 September 2024 – As the Digital Personal Data Protection (DPDP) Act of 2023 reshapes India’s data landscape, KIT Global is helping businesses adapt to new regulations by focusing on building first-party data strategies that align with privacy-first principles. The company supports Indian businesses in complying with stricter data laws while optimizing their digital marketing efforts to stay competitive.
The DPDP Act enforces stringent data privacy rules, placing limits on the use of third-party data for targeted marketing. As businesses grapple with these changes, KIT Global is stepping forward with innovative first-party data solutions through its KIT Global platform that ensure compliance and enhance customer relationships through personalized, transparent, and secure digital experiences.
Transforming Compliance Challenges into Opportunities
“The DPDP Act is a significant shift for Indian businesses, especially those reliant on third-party data for digital marketing. This regulatory change offers an opportunity for companies to build deeper, trust-based customer relationships by prioritizing first-party data collection,” says Rahul Khurana, Country Manager of KIT Global India.
KIT Global’s expertise in first-party data solutions allows businesses to move away from outdated third-party data reliance. The recently launched KIT Global Platform empowers companies to leverage customer data, ensuring greater control over privacy, while delivering tailored digital marketing that drives higher return on investment (ROI).
Innovative First-Party Data Strategies for Indian Businesses
First-party data solutions offer businesses a way to comply with the DPDP Act while optimizing their marketing performance. By building transparent, privacy-compliant customer data platforms, businesses can achieve:
- Improved customer insights
- Enhanced marketing personalization and customer loyalty
- Greater ROI and reduced costs associated with data acquisition
KIT Global has already implemented successful marketing strategies using first-party data for leading brands across India’s e-commerce, banking, and other sectors.
The Rise of First-Party Data: Global and Local Trends
Brands using first-party data for marketing see a 2x increase in revenue growth and a 1.5x increase in cost savings compared to companies still dependent on third-party data.
In India, the stakes are even higher as businesses are compelled to adapt to new data regulations. The digital advertising market in India is expected to reach ₹50,000 crore ($6 billion) by 2025, but the DPDP Act will force an estimated 50-60% of businesses to overhaul their data collection practices to remain competitive.
Impact on India’s Marketing Landscape
Ensuring organized and accurate data is essential for businesses, as many brands struggle with inconsistencies and missing information in their CRM systems. This underscores the need for a strong data foundation to effectively utilize first-party data. KIT Global addresses this challenge by offering a comprehensive Customer Data Platform, allowing clients to securely share their business data.
KIT Global’s solutions are not only addressing compliance but also transforming the Indian marketing landscape. With 53% of Indian consumers expressing concern over their data privacy, businesses that adopt first-party data strategies will have a competitive edge by gaining trust through transparent, customer-centric marketing approaches.
ABOUT KIT GLOBAL
KIT Global operates globally with strategic centers in Europe, Asia, and Latin America. KIT Global’s Two-Sided Marketing Platform provides companies with access to a wide range of performance marketing tools and audience engagement without additional costs. The platform serves as a catalyst for cross-industry best practices and offers tailored solutions to specific marketing challenges, accommodating budgets and strategies at every level. With a diverse portfolio of over 34 marketing products, KIT Global’s platform demonstrates its commitment to expanding product offerings, ensuring that companies across all industries can access the solutions they need. Connect with KIT Global by visiting https://kitglobal.in.
KIT Global Media Contact
Name – Asher U’ren
Email – [email protected]
Phone – +60 166 069 57
Website: https://kitglobal.in/
KIT Global Platform – https://kitglobal.in/platform/
