Matt Edmundson:

Hello and welcome to the eCommerce Podcast with

Matt Edmundson:

me, your host, Matt Edmundson.

Matt Edmundson:

This is a show designed explicitly to help you deliver eCommerce wow.

Matt Edmundson:

Oh yes, we're going to get into some great stuff today in today's show.

Matt Edmundson:

I'm really looking forward to this one.

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We are chatting with Zohar Hod all the way from New York, and his company One

Matt Edmundson:

Creation about ethics and cookies, which if you ask me, sounds like a beautiful

Matt Edmundson:

name for a podcast or a coffee shop.

Matt Edmundson:

Don't know but we're going to get into all of that today, but before

Matt Edmundson:

we do, let me just say quick shout out to anybody that's new to us.

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This week listening to the podcast, a very warm welcome to you.

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we get to chat about all things e-commerce.

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So I hope you enjoy it.

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I hope you get some value out of it.

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And if you do, why not hit that subscribe link or do what

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thousands of others have done.

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Head over to the website, eCommercepodcast.net, putting your name

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That's all we do.

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We don't send you all kinds of nonsense.

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We just send you the email with all the notes, all the

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links from that conversation.

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So if you're subscribed to the newsletter, you would get all of

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Now, shall we talk?

Matt Edmundson:

About our fantabulous guest, I think we should, Zohar, the brain behind

Matt Edmundson:

One Creation Corporation is the go to guru for building trust through

Matt Edmundson:

privacy centric tech delights.

Matt Edmundson:

Oh yes.

Matt Edmundson:

With his 25 year saga spanning finance and tech, including a

Matt Edmundson:

game-changing stint at Digital Asset.

Matt Edmundson:

He's part strategist, part innovator and all wizard.

Matt Edmundson:

Oh, yes.

Matt Edmundson:

As a speaker, he mixes finance, tech and privacy into a cocktail of

Matt Edmundson:

insights, making the complex world of fin-tech and retail marketing as

Matt Edmundson:

understandable as your morning coffee.

Matt Edmundson:

Zohar, welcome to the show, man.

Matt Edmundson:

Great to have you.

Matt Edmundson:

How are you doing?

Zohar Hod:

Thank you for having me.

Zohar Hod:

Very nice to meet you, Matt.

Matt Edmundson:

No, it's great that you're here.

Matt Edmundson:

All the way from new We were, saying, weren't we before?

Matt Edmundson:

before we hit the record button.

Matt Edmundson:

That New York is so cool.

Matt Edmundson:

You have to say it twice.

Matt Edmundson:

All the way from New York.

Matt Edmundson:

New York,

Zohar Hod:

Absolutely.

Zohar Hod:

Love New York.

Matt Edmundson:

yeah.

Matt Edmundson:

Are you, you sound like you're from New York.

Matt Edmundson:

Actually, I can hear the New York accent.

Matt Edmundson:

Have you always lived there?

Zohar Hod:

Yes, most of my life, approximately, I was originally born

Zohar Hod:

in Israel, but approximately 35 years of my life I've lived in New York area.

Zohar Hod:

So yeah,

Matt Edmundson:

Do you like it there?

Matt Edmundson:

You must do.

Matt Edmundson:

If you spent 35

Zohar Hod:

I do.

Zohar Hod:

It's the center of the world.

Zohar Hod:

It feels like a great energy, to be here.

Zohar Hod:

So I definitely recommend anyone that, has not been.

Zohar Hod:

to make the trip.

Matt Edmundson:

yeah, I love it.

Matt Edmundson:

I took my kids there a few years ago, and my two boys.

Matt Edmundson:

We were doing a big road trip in America, and we went to New

Matt Edmundson:

York for a few, a few days.

Matt Edmundson:

Had the biggest times, just doing all the touristy things.

Matt Edmundson:

Just love the city, love it.

Matt Edmundson:

It's great.

Matt Edmundson:

It's got a great energy, great vibe about it.

Matt Edmundson:

You must have seen some interesting stuff, though, on the streets

Matt Edmundson:

of New York over the time.

Matt Edmundson:

I tell you what, one year literally, I bumped into Pamela Anderson in New York.

Matt Edmundson:

I literally bumped into her.

Zohar Hod:

Really.

Matt Edmundson:

yeah, It was just fascinating, just,

Matt Edmundson:

what happens in New York?

Matt Edmundson:

You just bump into famous people all the time, it

Zohar Hod:

I once seen Sigourney Weaver, ordering coffee in front

Zohar Hod:

of me and that, that was my highlight of, New York celebrities.

Zohar Hod:

But yeah, New York, has its ups and downs, and sometimes it's more or less dodgy.

Zohar Hod:

I think it's in the up, of the dodginess right now, but it's still, a very good

Zohar Hod:

place and, a wonderful place where you can, Enjoy a lot of culture and a lot

Zohar Hod:

of different, restaurants, for sure.

Matt Edmundson:

Oh yeah, great pastrami and great bagels,

Matt Edmundson:

is my, overarching memory.

Matt Edmundson:

So yeah, fantastic.

Matt Edmundson:

So tell me a bit about you and tell me a little bit about the

Matt Edmundson:

company and what you guys do.

Zohar Hod:

Yeah, I'm a serial entrepreneur.

Zohar Hod:

This is my, fifth startup involvement.

Matt Edmundson:

Oh, wow.

Zohar Hod:

I wasn't always, the founder, but maybe usually in the early team

Zohar Hod:

and, mostly in the financial technology.

Zohar Hod:

space, I would consider myself a data geek and interested in insights and,

Matt Edmundson:

Yeah.

Zohar Hod:

and customer analytics, but the story of one creation really

Zohar Hod:

started as a personal story of mine.

Zohar Hod:

My son was diagnosed with type one diabetes and, right at the

Zohar Hod:

hospital, we, I had to sign up some documents that most people sign.

Zohar Hod:

when they check in their children, and, a few days later, we started getting

Zohar Hod:

bombarded by medical device companies that are related to his condition, and

Zohar Hod:

that really ticked me off, and I wanted to do something about it, that's the

Zohar Hod:

motivation around, One Creation, the ability to create one, preference, center

Zohar Hod:

for who I am, not just for, What I want to do with the brand, but, trying to

Zohar Hod:

create much more personalized experiences for your brands and doing that in an

Zohar Hod:

ethical way, because until now, and we talked about cookies in the beginning

Zohar Hod:

of your conversation, cookies were the main mechanism to actually try to track

Zohar Hod:

what Matt is doing around the internet and try to infer according to that data

Zohar Hod:

how to personalize, Matt's experience.

Zohar Hod:

So when the email goes out from your, group, it needs to say, hi, Matt,

Zohar Hod:

and be more personalized to yourself.

Zohar Hod:

And therefore bar none, you will interact much more with a personalized ad than you

Zohar Hod:

would with one that's not personalized.

Zohar Hod:

So take yourself a few years, into our.

Zohar Hod:

into now.

Zohar Hod:

And what you've seen is both Apple and Google now blocking cookies from

Zohar Hod:

being collected from their browsers.

Zohar Hod:

And that means, this is just 1 percent of Google's Chrome users,

Zohar Hod:

meant 300 million people were not, or created signal loss for them.

Zohar Hod:

They were not creating any signals behind as they're, traveling around the internet.

Zohar Hod:

Now, that's a good thing, okay?

Zohar Hod:

Why is it a good thing?

Zohar Hod:

Because of my sons experience rather than, take my consent in kind of a creepy

Zohar Hod:

way and then allow my data to be sold to third party, members and vendors

Zohar Hod:

that I've never heard of before in my life, there should be a better mechanism

Zohar Hod:

to try and personalize my experience.

Zohar Hod:

And there comes the trust.

Zohar Hod:

the need to do that in, a very trusted mechanism and one that has

Zohar Hod:

potentially the exchange of value.

Zohar Hod:

But also the security to know that if the brand is telling you, Hey, I'm

Zohar Hod:

going to use your data, Matt, for this particular reason, for this particular

Zohar Hod:

time, that they're actually going to be able to show you that they're

Zohar Hod:

standing behind what they're saying.

Zohar Hod:

So changing a little bit of the business model, which today relies on very kind

Zohar Hod:

of creepy tracking devices that are behind the scenes, that are becoming

Zohar Hod:

more expensive and less efficient because of those technological,

Zohar Hod:

changes that I spoke about before.

Zohar Hod:

That's really what we're trying to solve.

Zohar Hod:

And what we are is an engine, a preference engine, a digital preference

Zohar Hod:

engine that sits in between your customer data platform, where you're

Zohar Hod:

analyzing all of that 360 picture of your customer, and wherever your

Zohar Hod:

customer is met, meaning in the email, the website, the mobile application,

Zohar Hod:

text, whatever the customer experience is, to make sure that next time instead

Zohar Hod:

of acceptal cookies, rejectal cookies.

Zohar Hod:

Maybe there's a different experience that progressively builds, progressively

Zohar Hod:

builds a profile of who Matt is, and therefore constantly and automatically

Zohar Hod:

takes that, those insights and improves your personalization as you become more

Zohar Hod:

and more of a loyal customer of the brand.

Zohar Hod:

That's what we're trying to sell to brands and corporations as not only

Zohar Hod:

a very impactful type of way to do business, But the right way, the

Zohar Hod:

better way, the cheaper way to try and get personal with your customers.

Matt Edmundson:

it's, interesting listening to you talk.

Matt Edmundson:

I have kids of my own, not as, as young as yours.

Matt Edmundson:

I'm a, I'm slightly older on in life, Zohar, but, It's interesting

Matt Edmundson:

listening to you talk because how would I feel if I went to the hospital, I

Matt Edmundson:

signed some forms because I'm, and I'm not going to read the fine print

Matt Edmundson:

because my son's in hospital, right?

Matt Edmundson:

And even if I could read it, would I understand it?

Matt Edmundson:

Because these things are deliberately

Zohar Hod:

are you going to do about it?

Matt Edmundson:

yeah, I'm not gonna sign it.

Matt Edmundson:

then you don't get that.

Matt Edmundson:

It doesn't, you it's problematic, isn't it?

Matt Edmundson:

And so, I get that I can see why that's a triggering event

Matt Edmundson:

because I think I'd be the same.

Matt Edmundson:

I'd be like, hang on a minute.

Matt Edmundson:

This is ridiculous.

Matt Edmundson:

They're tracking an 11 year old son like this and bombarding me with stuff already.

Matt Edmundson:

And so what started out as something that was actually quite helpful, you

Matt Edmundson:

could create personalized experience.

Matt Edmundson:

Marketers have yet again gone and screwed up royally because that's what we do.

Matt Edmundson:

So on one hand, I, yeah.

Matt Edmundson:

I sit here and I listen to you go, and I think about my personal privacy

Matt Edmundson:

and I'm like, yes, actually, I, am getting more and more concerned

Matt Edmundson:

with how my information is used.

Matt Edmundson:

that doesn't change my web browsing behavior.

Matt Edmundson:

I just tend to click accept all cookies or reject all cookies.

Matt Edmundson:

And it doesn't really seem to do any difference if I'm honest with you.

Matt Edmundson:

But then the marketer side of me is actually that information is actually

Matt Edmundson:

quite helpful to have, just to create these personalized experience.

Matt Edmundson:

So there is this tension here, isn't there, between the two things and you.

Matt Edmundson:

And you're somehow trying to walk the line between the two.

Matt Edmundson:

Is, am I understanding that right?

Zohar Hod:

Correct.

Zohar Hod:

let's talk about you pressing the, accept or reject all cookies.

Zohar Hod:

first of all, it's becoming really meaningless because let's separate

Zohar Hod:

between first party cookies, which are session cookies, which basically are

Zohar Hod:

meant to understand who you are and what you're doing on our site versus

Zohar Hod:

cookies that are third party cookies, which are basically just tracking and

Zohar Hod:

trying to target exactly who you are.

Zohar Hod:

And those are much more creepier than the first ones.

Zohar Hod:

Just from a percentages perspective, if you ask people three years ago,

Zohar Hod:

the amount of knowledge they had about what's being done with their

Zohar Hod:

data was very minimal, close to 3%.

Zohar Hod:

Yet at the same time, 60 to 70 percent of them were pressing the accept all

Zohar Hod:

cookies, because otherwise you cannot actually continue forward in the process.

Zohar Hod:

Today things have changed.

Zohar Hod:

Especially because of GDPR and other types of digital markets

Zohar Hod:

regulations that have just, passed.

Zohar Hod:

and customers, first of all, are more aware of what

Zohar Hod:

you're doing with their data.

Zohar Hod:

And some of them, just for the convenience, might press yes.

Zohar Hod:

And that's about 40 percent of the individuals.

Zohar Hod:

Yet.

Zohar Hod:

If you look at the other side of it, there's approximately 60 percent that

Zohar Hod:

are either saying no or saying I'd like to just use functional cookies.

Zohar Hod:

And by the way, that practice of trying to get you to click on more clicks in

Zohar Hod:

order to say no just for functional is becoming illegal in the UK, for

Zohar Hod:

example, under the digital regulations.

Zohar Hod:

So there's still a large amount.

Zohar Hod:

Of customers that at the point of acceptance, you're really playing a

Zohar Hod:

Russian roulette and you're missing an opportunity to be able to personalize

Zohar Hod:

their experience in a much more sincere manner and actually reward them as well.

Zohar Hod:

There's gonna be an exchange of value.

Zohar Hod:

Oh, Matt, I see that you're interested in this product, please just confirm

Zohar Hod:

that this is what you prefer, this type of color, for example, and,

Zohar Hod:

we'll give you a relative discount to this, and it has to be proportional.

Zohar Hod:

And that type of a relationship will lead to deeper, longer term relationships

Zohar Hod:

that are based on trust, and hence the need to, to earn that trust.

Matt Edmundson:

Yeah, it's interesting.

Matt Edmundson:

it's interesting.

Matt Edmundson:

When we were talking about this in the, introduction, we called this

Matt Edmundson:

the ethics, ethics and cookies.

Matt Edmundson:

and There is, it's an interesting ethical debate, isn't it?

Matt Edmundson:

In terms of how much data is stored.

Matt Edmundson:

Now we, I'm going back a few years.

Matt Edmundson:

Cambridge Analytica was probably one of the big, breaking stories of the time.

Matt Edmundson:

And then Apple coming along after that and going, yeah, we're just

Matt Edmundson:

not going to let Facebook do what Facebook has been doing anymore.

Matt Edmundson:

And that causing Facebook to take out a full page ad, I think they took out in the

Matt Edmundson:

New York Times or something, didn't they?

Matt Edmundson:

that didn't do them any good, just waste a few quid, as we like to say.

Matt Edmundson:

But the, it's interesting how it started with, or maybe it didn't start with, in my

Matt Edmundson:

head it started with Cambridge Analytica.

Matt Edmundson:

And that's that big mass, expose, but it took a company like Apple to go, yeah,

Matt Edmundson:

we're not going to do this anymore.

Matt Edmundson:

rather than the little guy going, I, want choice and I'm intrigued by that.

Matt Edmundson:

do you know what I mean?

Matt Edmundson:

I'm intrigued that

Zohar Hod:

Yeah.

Matt Edmundson:

was somebody like Apple that

Zohar Hod:

Let me, add some, some clarity to that.

Zohar Hod:

as of iOS 17, which is the latest, iOS for Apple, Safari is not collecting at

Zohar Hod:

all, cookies, and there's, as you said, they created a massive wall of privacy.

Zohar Hod:

that's admirable on one hand.

Zohar Hod:

The other hand is the question is what's next and Is that really the only reason?

Zohar Hod:

Meaning if you're Apple and you're interested in creating a walled garden,

Zohar Hod:

where you're going to be the one in between the customers and the brands, that

Zohar Hod:

are interested in their data, how easy it is to now use this infrastructure to

Zohar Hod:

go back to you and say, Hey, this vendor wants to pay you a little bit for getting

Zohar Hod:

a little bit more information about you.

Zohar Hod:

60 percent of all American users are Apple users.

Zohar Hod:

That means that there's a huge signal loss related to what you're

Zohar Hod:

able to collect from customers that are just, don't track me.

Zohar Hod:

Don't track me.

Zohar Hod:

And that's happening all the time.

Zohar Hod:

Who's going to be the beneficiary, the benefactor of that?

Zohar Hod:

I would tend to think that in the long term, Apple is going to be the

Matt Edmundson:

Yeah.

Matt Edmundson:

Yeah.

Zohar Hod:

by doing what I just said.

Zohar Hod:

And the same for Google that realized they can actually control a lot more

Zohar Hod:

into them, they're playing a much more careful balance because, it's

Zohar Hod:

how much ad money and how much, those cookies are generating for them.

Zohar Hod:

I think that our other mechanisms and the, ethics curve, curve, the regulatory

Zohar Hod:

curve and the technological curve are all moving towards an opt in model rather than

Zohar Hod:

an opt out model that is currently there.

Zohar Hod:

Companies and brands need to wake up and do something about

Zohar Hod:

it, working the cookie list.

Zohar Hod:

Actually, McKinsey just released a report that said cookieless environment

Zohar Hod:

beyond 2024, you're actually going to pay 20 percent more for your marketing

Zohar Hod:

expenses in order to try to personalize your customer's experience because

Zohar Hod:

you're buying a lot more cookies that are maybe more expensive, less effective.

Zohar Hod:

You're spending a lot more money on data inference and analytics.

Zohar Hod:

And you're not getting what you need, which is the customer

Zohar Hod:

to actually interact with you.

Zohar Hod:

That's where we believe that we have a very big, effect from an impact

Zohar Hod:

perspective for brands that actually use this mechanism to say, we are

Zohar Hod:

going to lead the way in changing the way customers data is being treated.

Zohar Hod:

You mentioned sometimes how much data, but for how long as well, are you keeping it?

Zohar Hod:

Since I'm a baby?

Zohar Hod:

what's the data degradation related to that?

Zohar Hod:

Is there no need to continuously have a relationship with me

Zohar Hod:

that's not based on mistrust?

Zohar Hod:

That's really what we're hoping that brands are realizing, that they need

Zohar Hod:

to fill up their first party data.

Zohar Hod:

Zero party data is first party data that was volunteered to you.

Zohar Hod:

Just to explain, okay?

Zohar Hod:

if you want to fill up your, personal information, your first

Zohar Hod:

party data, What mechanisms are you going to be able to do that?

Zohar Hod:

We believe, that what we offer in terms of our technology is the right

Zohar Hod:

and ethical way of going forward.

Matt Edmundson:

So how did you, I'm curious here, we're using

Matt Edmundson:

words like right and ethical.

Matt Edmundson:

I'm curious how you were, how you arrived at that, stand.

Matt Edmundson:

What was your thought process to get to a point where you felt Now

Matt Edmundson:

actually this I feel is right and is ethical because it's, a moving target.

Matt Edmundson:

It's a, it's, we're talking about it in black and white terms.

Matt Edmundson:

So I'm curious to know what your thought process there is, both you and the

Matt Edmundson:

company in terms of going, we think this is good, we think this is bad,

Matt Edmundson:

and so this is what we're going to

Zohar Hod:

That's a great question.

Zohar Hod:

That's a great question.

Zohar Hod:

And I wish I could illustrate it also, in the way that our system works,

Zohar Hod:

but we've done a lot of research about what is trust and how to earn

Zohar Hod:

trust, and it boils down to three components, what we call the three C's.

Matt Edmundson:

Okay.

Zohar Hod:

control, clarity, and comfort.

Zohar Hod:

And this is research that's been done with large companies like Visa and others,

Zohar Hod:

so it's not a small amount of, research.

Zohar Hod:

And also we've seen it from ourinitial customers.

Zohar Hod:

Customers need to be able, and let me give you an example.

Zohar Hod:

I've been asked to share my Nest information with my local energy utility,

Zohar Hod:

and I will get 85 in return for that.

Zohar Hod:

What's missing in that is trust, and let's go back to those three C's.

Zohar Hod:

I don't know for how long and, meaning, can I control and opt out?

Zohar Hod:

I decided that every time I pass next to my Nest, you know about me, it's creepy.

Zohar Hod:

Don't, like that.

Zohar Hod:

Can I, at any time, decide to opt out?

Zohar Hod:

That's the control factor.

Zohar Hod:

I'll feel more trustworthy of that transaction.

Zohar Hod:

Second is clarity, of course.

Zohar Hod:

Why do you need my Nest information?

Zohar Hod:

For what purposes?

Zohar Hod:

What are you going to use it?

Zohar Hod:

And who are you going to share it with?

Zohar Hod:

Because it's mostly maybe to see my spikes in usage, but is that really what it is?

Zohar Hod:

And you're going to put your company's reputation behind that.

Zohar Hod:

That's the clarity.

Zohar Hod:

Pillar of Trust, meaning the second C.

Zohar Hod:

And then the third one is comfort, which is the notion of time.

Zohar Hod:

If you told me that you took my Nest information just for a period of a week

Zohar Hod:

because you wanted to test my spikes in my usage, go ahead, but show me and prove

Zohar Hod:

to me that at the end of the week, my data is not gonna be, is gonna cease to exist.

Zohar Hod:

And yes, One Creation created a technical capability to self destruct data remotely.

Matt Edmundson:

Oh, okay.

Zohar Hod:

And that means that after a certain amount of time, In this

Zohar Hod:

case, hey, I'm going to use your Nest information for seven days, or I'm going

Zohar Hod:

to use this promotion information for only the month of Ramadan or the month

Zohar Hod:

of Christmas and whatever that is, in order to create a trust feeling that

Zohar Hod:

at the end of it, you'll get a message.

Zohar Hod:

Hey, remember you gave us this data is no longer going to be within

Zohar Hod:

24 hours is going to disappear.

Zohar Hod:

However, the brand wants to reengage with you and maybe offer you

Zohar Hod:

another reward for another set of, for another set of questions or

Zohar Hod:

preferences or anything that you might.

Zohar Hod:

We believe that those three C's build trust, we've also seen it in the

Zohar Hod:

results of our campaigns, when you go to the second question, which creates

Zohar Hod:

usually 99 percent of the people don't like the second interaction, with

Zohar Hod:

us it's over 43 percent of people reacted more, and reacted twice, and

Zohar Hod:

reacted three times, and so forth.

Zohar Hod:

So it builds trust over time, and it's a better mechanism, and those

Zohar Hod:

are the components that I can say what I mean, when I say, Trust.

Zohar Hod:

Use your customer data with those three principles and you will benefit.

Matt Edmundson:

This is really interesting.

Matt Edmundson:

The control, the clarity, the comfort.

Matt Edmundson:

I like the three.

Matt Edmundson:

It's good alliteration, Zohar.

Matt Edmundson:

Very good alliteration.

Matt Edmundson:

I like that.

Matt Edmundson:

we always remember alliterations, usually.

Matt Edmundson:

so I'm looking for ways to, I get, I'm looking for ways to give

Matt Edmundson:

the control back to the customer.

Matt Edmundson:

And control mixed with clarity makes a lot of sense to me, the

Matt Edmundson:

clearer you are, the better.

Matt Edmundson:

how does this work for, let's say, I see how this would work for somebody like

Matt Edmundson:

Nest, which is a, just for those of you who don't know, it's a bit like Ring,

Matt Edmundson:

it's a home automation thing, isn't it?

Matt Edmundson:

It controls your heating, there's cameras.

Matt Edmundson:

We've got the smoke detectors in the ceiling that detect when I'm moving around

Matt Edmundson:

the house and all that sort of stuff.

Matt Edmundson:

And as far as I'm aware, Nest is Google, is that right?

Matt Edmundson:

Nest is owned by Google?

Matt Edmundson:

yeah.

Matt Edmundson:

Yeah.

Matt Edmundson:

And so I get how companies like Google, like Nest, they can go

Matt Edmundson:

above and beyond, and start thinking about control, clarity and comfort.

Matt Edmundson:

And they've got teams of people, I'm sure, to think about it.

Matt Edmundson:

What happens if I'm, I don't know, a small business, small mom and pop online store?

Matt Edmundson:

how does that work for someone like me when I'm, I don't have

Matt Edmundson:

the team that Google's got?

Zohar Hod:

point.

Zohar Hod:

So let's start and say that, I'll give you another more retail type of,

Zohar Hod:

example of how this could be used.

Zohar Hod:

But imagine that you're either checking out at Boots or at,

Zohar Hod:

Sainsbury's, wherever you're

Matt Edmundson:

I love the fact Boots and Sainsbury's, Zohar.

Matt Edmundson:

That's just, that's brilliant.

Matt Edmundson:

That's brilliant.

Matt Edmundson:

And for those of you listening, sorry, those of you listening outside of the UK,

Matt Edmundson:

to the podcast, Boots is a pharmacy chain and Sainsbury's is a supermarket chain.

Matt Edmundson:

but, the fact that you know this is extraordinary, but

Matt Edmundson:

sorry, I interrupted you.

Zohar Hod:

completely fine.

Zohar Hod:

I travel a lot to London, so I

Matt Edmundson:

It

Zohar Hod:

it

Matt Edmundson:

yeah.

Zohar Hod:

my second home.

Zohar Hod:

When you go there and imagine that at the point of sale, there's a little bit

Zohar Hod:

of an interaction that says, Hey Matt!

Zohar Hod:

I see that you're buying a number seven, it's a beauty product, okay.

Zohar Hod:

this product is going to be free.

Zohar Hod:

Just answer this question and then within a week this, data will cease to exist.

Zohar Hod:

Is it for your wife, for yourself?

Zohar Hod:

maybe a second one.

Zohar Hod:

What's a skin complexion?

Zohar Hod:

You've just completed a lot of personalized information.

Zohar Hod:

There was a exchange of value, and there was a time limit

Zohar Hod:

to the, data that was used.

Zohar Hod:

At the end of the seven days or the seven weeks, whatever it was, you'll

Zohar Hod:

get a message back to your Boots or your, app that will say, Hey, remember,

Zohar Hod:

Matt, that we gave us this data?

Zohar Hod:

It's about to cease to exist, but we've partnered with Kimberly Clark.

Zohar Hod:

We'd like to know, are you expecting as well, right?

Zohar Hod:

It starts creating a much more equivalents, even feel

Zohar Hod:

relationship between them, reght?

Matt Edmundson:

Yeah.

Matt Edmundson:

and

Zohar Hod:

it doesn't at different points of either your onboarding customers,

Zohar Hod:

trying to learn more about them.

Zohar Hod:

And if they sign, don't market to me, that's it, you lost them.

Zohar Hod:

Rather than doing that more progressively, trying to get them

Zohar Hod:

to more progressively add traits and preferences to their partnership.

Zohar Hod:

And then the ones that are already your, loyal customers, trying to dig

Zohar Hod:

deeper because I purchased like for, the example of the boots, I might be

Zohar Hod:

purchasing my wife's reward card and that's why it's asking me the question.

Zohar Hod:

So that's a, an example of how this could be used, for instance,

Zohar Hod:

in a retail, opportunity.

Zohar Hod:

So I don't know if it answered your original

Matt Edmundson:

Yeah, it's an interesting, isn't it?

Matt Edmundson:

How you're

Zohar Hod:

can it be done, can it be done by a small business?

Zohar Hod:

Of course.

Zohar Hod:

If you have a small online business that you're trying to personalize, you

Zohar Hod:

can create and embed the One Creation, interface, which then will, without

Zohar Hod:

cookies, collect preferences throughout your life, so even if you have a small

Zohar Hod:

B2C, direct to consumer, environment.

Zohar Hod:

If you have control over a digital venue where you're seeing your customers,

Zohar Hod:

whether it's a website, your mobile application, a point of sale, then

Zohar Hod:

yeah, you could use this very easily.

Zohar Hod:

it's literally easy to install and to, take off with it.

Matt Edmundson:

Yeah.

Matt Edmundson:

No, I like it.

Matt Edmundson:

I love how you build interest with clients.

Matt Edmundson:

I'm reminded of the time when, GDPR came in and up until that point.

Matt Edmundson:

I would say most of the, I'm just thinking through how we did it and also how a lot

Matt Edmundson:

of the other companies were doing it.

Matt Edmundson:

You had two options with email.

Matt Edmundson:

I'm either subscribed or unsubscribed.

Matt Edmundson:

Then GDPR came in and actually unsubscribing was quite complicated

Matt Edmundson:

with a lot of companies.

Matt Edmundson:

The good companies actually made it straightforward and easy.

Matt Edmundson:

They understood the value of a clean list, I think, and a motivated list.

Matt Edmundson:

And what I then noticed after that sort of legislation came in was.

Matt Edmundson:

I think people got wise to this and thought, actually it doesn't

Matt Edmundson:

have to be one or the other, you don't have to be either on or off.

Matt Edmundson:

You might, we might have six different types of emails that we

Matt Edmundson:

send out, and actually what you don't want is that one over there,

Matt Edmundson:

but you might want the other three.

Matt Edmundson:

Four or five.

Matt Edmundson:

And so you wanna stay connected to those.

Matt Edmundson:

And so giving customers then the option of what they subscribe to,

Matt Edmundson:

became actually, I think, quite a powerful tool in the hands of marketers

Matt Edmundson:

because this is what you want.

Matt Edmundson:

You want customers to tell you exactly what it is they want and

Matt Edmundson:

what you are talking about here.

Matt Edmundson:

With this deep dive in personalisation is exactly the same thing, but doing

Matt Edmundson:

it in a more open and transparent way, rather than the sort of sly

Matt Edmundson:

cookies in the background, right?

Zohar Hod:

You got it, Matt.

Zohar Hod:

That's exactly it.

Zohar Hod:

It's about collecting deeper preferences, more detailed preferences of what Matt

Zohar Hod:

would want from that relationship.

Zohar Hod:

With the brand that he trusts.

Zohar Hod:

And isn't it amazing if you can actually take those preferences with you and walk

Zohar Hod:

away and go to another brand and then not have to ask them, have them ask you again.

Zohar Hod:

This is the notion of what they call open data, and we can support that.

Zohar Hod:

Meaning we create.

Zohar Hod:

a wallet of preferences for Matt.

Zohar Hod:

That wallet can easily be taken away from one brand and moved to another

Zohar Hod:

brand without them needing how beneficial it is to the second brand

Zohar Hod:

receiving all of your preferences before you're even, onboarded, right?

Zohar Hod:

So that's really where we see the future.

Zohar Hod:

You mentioned progression.

Zohar Hod:

That's exactly it, what we're talking about.

Zohar Hod:

You mentioned what was before GDPR to what is GDPR.

Zohar Hod:

To what now is going to be called the Digital Markets Act, right?

Zohar Hod:

And all of those are passing in one direction, the customer.

Zohar Hod:

And the customer will have a lot more controls from a regulatory perspective,

Zohar Hod:

because the other mechanisms of, any other mechanism to try and collect

Zohar Hod:

behind your scenes, It's creepy by nature

Zohar Hod:

and therefore not a good investment in my opinion.

Matt Edmundson:

Yeah, I think that sort of, that creepy behind

Matt Edmundson:

the scenes thing is a bit that everybody's fearful of, isn't it?

Matt Edmundson:

It's the Cambridge Analytica, it's the having all this data and not quite

Matt Edmundson:

understanding why, or the necessity of it.

Matt Edmundson:

and I think we, everyone's been spooked by the amount of data.

Matt Edmundson:

Certainly the Amazon and Facebook and organizations carry it around about you.

Matt Edmundson:

what's interesting then is, how you're balancing that where the

Matt Edmundson:

marketeer is also concerned.

Matt Edmundson:

Because it's the, data is useful for the customer, but it's also

Matt Edmundson:

useful for the marketeer, isn't it?

Matt Edmundson:

To the brands to be able to, create that wealth of experience.

Matt Edmundson:

if I'm sat there, Zohar thinking about my own company then,

Matt Edmundson:

so I've got the three C's.

Matt Edmundson:

I'm like, I'm thinking about our policy, our privacy policy at the moment, it

Matt Edmundson:

just currently reads on the screen.

Matt Edmundson:

You go to it.

Matt Edmundson:

Are you in or out, accept all or reject all, what are some of the

Matt Edmundson:

steps that I should practically do, irrespective of whether I use, one

Matt Edmundson:

creation platform or not, but what are some of the steps practically that

Matt Edmundson:

I should do as an eCommerce business to make the process better for my

Matt Edmundson:

customers and ultimately create a better experience and more profits for me?

Zohar Hod:

it all starts from where you are on your customer experience

Zohar Hod:

from a personalization perspective.

Zohar Hod:

How much of your, marketing is driven by data?

Zohar Hod:

That's the number one question that you need to first ask yourself.

Zohar Hod:

If you are already on the path of getting to have data driven marketing,

Zohar Hod:

meaning more, precision, more targeted type of marketing, then you are on

Zohar Hod:

the way to create some sort of a persona for each one of your customers.

Zohar Hod:

So there are steps to that, right?

Zohar Hod:

You first need to want to do that, then be able to You collect the data in one

Zohar Hod:

place and start creating a persona for my customer, and then afterwards enhancing

Zohar Hod:

it with tools like what we've offered, there will be the cookie list mechanism.

Zohar Hod:

And that's the second question you need to ask yourself.

Zohar Hod:

Are you ready for the fact that cookies are not going to be the mechanism

Zohar Hod:

for you to track your customer?

Matt Edmundson:

Yeah.

Zohar Hod:

The answer is yes.

Zohar Hod:

I want a cookie list solution.

Zohar Hod:

I am on my path to personalize my customer's experience and

Zohar Hod:

try to create a persona built for each one of my customers.

Zohar Hod:

I think then, One Creation's tool is a great mechanism to do that in an

Zohar Hod:

ethical, Long lasting, way that would feed your personalization engine.

Zohar Hod:

And just think about if you're trying to deploy the one word that

Zohar Hod:

everybody likes to talk about, AI.

Zohar Hod:

If you're trying to deploy any AI as it relates to personalization, then the,

Zohar Hod:

let's say the black box of it, Makes the relationship even less trustworthy.

Zohar Hod:

And that requires these type of solutions that we're talking about to

Zohar Hod:

be a lot more transparent about what went in there, who's gonna, what's

Zohar Hod:

gonna be done with my data, and for how long is that data gonna be kept.

Matt Edmundson:

Yeah.

Matt Edmundson:

That's a really powerful point, actually.

Matt Edmundson:

my, my eldest son, he's 22.

Matt Edmundson:

And I'm saying that pausing, just calculating in my head if actually

Matt Edmundson:

what I've just said is correct.

Matt Edmundson:

And I think it is.

Matt Edmundson:

I think he's 23 this year.

Matt Edmundson:

there comes a point where you just stop counting, Zohar.

Matt Edmundson:

And I feel like I've reached out with him, but he's doing theoretical physics.

Matt Edmundson:

And, and involved in that is a lot of AI work, a lot of machine learning, a

Matt Edmundson:

lot of maths, a lot of data analysis, and just figuring things out.

Matt Edmundson:

The more data that they have, the more accurate the model is in a lot of ways,

Matt Edmundson:

and spooky things that then can be done.

Matt Edmundson:

It's if you come onto the website at this sort of time of the day and

Matt Edmundson:

you go to these three pages, then we can just by looking at this.

Matt Edmundson:

Copious amounts of data figure some really interesting things out about you.

Matt Edmundson:

And then I'm going to show different products on the website accordingly.

Matt Edmundson:

So that brings back then to the conversation about ethics, a

Matt Edmundson:

whole new paradigm, doesn't it?

Matt Edmundson:

Because you're right.

Matt Edmundson:

There's sort of the black box of AI, and machine learning and

Matt Edmundson:

just copious amounts of data.

Zohar Hod:

Exactly.

Zohar Hod:

What are you learning about me in the back end is never the right thing.

Zohar Hod:

So that's why transparency or the clarity part of the three C's is really important.

Zohar Hod:

And also time.

Zohar Hod:

Don't keep my data forever.

Zohar Hod:

Don't share it with other AI algorithms, right?

Zohar Hod:

I need to know about that, and I need to trust you, and therefore you

Zohar Hod:

need to be transparent, and you need to reward me for this experience.

Matt Edmundson:

Yeah.

Matt Edmundson:

I'm with you.

Matt Edmundson:

And then in a lot of ways, It's, it's a bit like I suppose time is

Matt Edmundson:

one of those things people like, I don't like to give up data.

Matt Edmundson:

It's if someone's on your email list and they've not purchased from you for

Matt Edmundson:

12 months, then they probably don't need to be on your email list, right?

Matt Edmundson:

It's one of those where, and if you take them off.

Matt Edmundson:

You tend to get much better deliverability and, et cetera, et cetera.

Matt Edmundson:

And I'm assuming that the web's going to go more like this.

Matt Edmundson:

And actually the, if you just talk to the people that actually want to be there

Matt Edmundson:

and forget about the people that don't, you're going to have much less clutter

Matt Edmundson:

under the C word and much less confusion.

Matt Edmundson:

And actually you can

Zohar Hod:

quality data.

Zohar Hod:

Better quality data over a long, over a longer period of time.

Zohar Hod:

I totally agree with you.

Zohar Hod:

and, if you even include, Web3, and that discussion about what is the next

Zohar Hod:

Internet, it's the Internet to me.

Zohar Hod:

And from a technology perspective, in the Internet of Me, you will be your own

Zohar Hod:

wallet for everything, and every time you come to a brand, you will do some sort of

Zohar Hod:

a handshake, which will exchange a little bit of the data, will exchange a little

Zohar Hod:

bit of the transaction, or cash money, or tokens for it, and then will, cease

Zohar Hod:

to exist after a certain period of time.

Zohar Hod:

That's how it's going to work in the Web 3, and what we've done is we've

Zohar Hod:

brought that model over to today's world.

Matt Edmundson:

Do you think that will only exist if

Matt Edmundson:

governments legislate for it?

Matt Edmundson:

Because I can't see.

Matt Edmundson:

Brand owners and marketeers voluntarily doing that would be my,

Zohar Hod:

it depends.

Zohar Hod:

if the, I think that, government regulation is definitely a

Zohar Hod:

good catalyst towards it.

Zohar Hod:

as you saw, the cookie deprecation by, Google and, and, Apple is another.

Zohar Hod:

Motivation towards that meaning what are the other ways of

Zohar Hod:

tracking me without tracking me?

Zohar Hod:

so there's both a technical, there's a regulatory catalyst and I would

Zohar Hod:

like to think that brands that, maybe disagree with your assessment

Zohar Hod:

are thinking the impactful.

Zohar Hod:

Effects of what a business model like this will mean, meaning

Zohar Hod:

how much is my ESG score?

Zohar Hod:

How much is it the right thing to do, and how much am I gonna get more bees

Zohar Hod:

with honey rather than with vinegar?

Zohar Hod:

I believe that the first, type of brands that actually, take

Zohar Hod:

on this type of, solution.

Zohar Hod:

And we are already working with UK brands like Barclays, for

Zohar Hod:

that decide that.

Zohar Hod:

taking on this type of an approach in the environment that the UK is

Zohar Hod:

in order to decide whether to offer you another product or be more

Zohar Hod:

personalized, we are the right way and the right ethical way to do that.

Zohar Hod:

So it's definitely some education and, but I believe that people would want to do the

Zohar Hod:

right thing, not just what's compliant and what's technically possible, of course.

Matt Edmundson:

Fascinating stuff, absolutely fascinating

Matt Edmundson:

stuff, and I'm really intrigued by the cookie less future.

Matt Edmundson:

and what that means, and I'm thinking as you're talking, Zohar, I'm, like,

Matt Edmundson:

what does that mean for things like the Facebook Pixel, which was a really

Matt Edmundson:

big marketing tool for the long time, and we all know the answer really, and,

Matt Edmundson:

what does that mean for attribution, and how we do things like that?

Matt Edmundson:

There's, a whole bunch of questions in which sort of come out of that,

Matt Edmundson:

which I think is going to be absolutely fascinating to see how it all,

Matt Edmundson:

pans out, over the next few years.

Matt Edmundson:

I love this idea of being an early adopter, actually, and, because

Matt Edmundson:

I'm thinking of companies like Amazon, and you think, Amazon

Matt Edmundson:

must collect gigabytes of data.

Matt Edmundson:

They, know when I'm on the site, they know what products I look at, they keep

Matt Edmundson:

a record of the products that I look at, how long I was looking at them,

Matt Edmundson:

how far down the page that I scroll.

Matt Edmundson:

the copious amounts of data.

Matt Edmundson:

is, is that ethical?

Matt Edmundson:

Is that right?

Zohar Hod:

No, so let me explain what a large retailer, like Amazon, what's,

Zohar Hod:

right about what you said is that they have copious amounts of data about you.

Zohar Hod:

That's called first party data, transactional data, right?

Zohar Hod:

What's also interesting to know is 80 percent of all searches

Zohar Hod:

on Amazon start with a no name brand, meaning white pants men.

Matt Edmundson:

yeah,

Zohar Hod:

Okay, and therefore, in order to differentiate who you are as a brand,

Zohar Hod:

talking about hundreds of thousands, if not millions of brands on the Amazon case,

Zohar Hod:

who you are as a brand is a big issue.

Zohar Hod:

And here comes the notion of retail media networks, where it's basically,

Zohar Hod:

Amazon offers a retail media network and says, advertise on me, and therefore

Zohar Hod:

the chances that it will be white, men, black, Ralph Lauren, is going

Zohar Hod:

to be a much more, a higher chance.

Zohar Hod:

so imagine the tools or the message that I gave you about what one creation

Zohar Hod:

does as a mechanism for this retail media network to offer the brands

Zohar Hod:

an ability to run campaigns that are targeted for the individuals, but on

Zohar Hod:

the retail media network property.

Zohar Hod:

On, if somebody's looking for something, the One Creation will come and say, Ralph

Zohar Hod:

Ryan, we'll give you 50 percent off.

Zohar Hod:

If you just answer these two questions, why you're looking, is it for you?

Zohar Hod:

Are you going on a trip to Africa?

Zohar Hod:

Okay?

Zohar Hod:

That's the tool that One Creation can be offered by Amazon to the millions

Zohar Hod:

of brands that they work with to do Targeted, precision, cookie less

Zohar Hod:

campaigning on the Amazon side.

Zohar Hod:

Amazon doesn't need cookies.

Zohar Hod:

Amazon has first party data.

Zohar Hod:

And therefore, sometimes they want to sell it to you, and they'll sell it to

Zohar Hod:

any brand, and sometimes they won't.

Zohar Hod:

The question is, how do you, as the brand, differentiate yourself on

Zohar Hod:

Amazon and the One Creation Tool, at least if it's given by Amazon, could

Zohar Hod:

be used for targeted campaigns on the Amazon Retail Media Network or

Zohar Hod:

on Sainsbury's Retail Media Network.

Zohar Hod:

Alright, so here's a tool for all the brands.

Zohar Hod:

Instead of offering buy one get one free, why don't you run targeted campaigns

Zohar Hod:

to see if Matt is really one buying diapers and what's the reason behind it.

Zohar Hod:

And then create much more perfect rewards for Matt.

Zohar Hod:

Then for anyone else that wasn't interesting in this particular.

Matt Edmundson:

yeah.

Matt Edmundson:

It's clever stuff.

Matt Edmundson:

It's clever stuff, isn't it?

Matt Edmundson:

And it's, you've obviously put a lot of thought behind, it's your company,

Matt Edmundson:

so you're obviously going to put a lot of thought behind it, but it's.

Matt Edmundson:

It's intriguing, and, actually another C word, compelling, Zohar.

Matt Edmundson:

I'm listening to you and I think actually what you're saying is quite compelling.

Matt Edmundson:

if people want to know more about One Creation, if people want to

Matt Edmundson:

reach out to you and connect with you, what's the best way to do that?

Zohar Hod:

the best way is go to one creation.com or one creation.com.

Zohar Hod:

that's our website.

Zohar Hod:

There's all the resources there, and a way to get a hold of us or to see a demo.

Zohar Hod:

If you're any type of corporation, you don't have to be sainsbury.

Zohar Hod:

If you're any type of corporation that wants to have an impact and

Zohar Hod:

try to get personal with your customers in a very innovative,

Zohar Hod:

forward-looking way, give us a call.

Matt Edmundson:

Fantastic.

Matt Edmundson:

We will of course link to that in the show notes as well.

Matt Edmundson:

we'll link to the website onecreation.

Matt Edmundson:

com.

Matt Edmundson:

So Zohar, listen, super appreciate you coming on, man.

Matt Edmundson:

You have got the old grey matter.

Matt Edmundson:

Thinking, which is important, I feel, and it's been a fascinating conversation.

Matt Edmundson:

Is there anything else, any final things that you wanna say

Matt Edmundson:

before we close out the show?

Zohar Hod:

Privacy is a human right.

Zohar Hod:

And, we really, that's one of our mottos, at One Creation.

Zohar Hod:

We believe there's a better way, to getting better information.

Zohar Hod:

So I hope, your listeners are, as excited about this vision as I am.

Matt Edmundson:

fantastic.

Matt Edmundson:

And I'm sure that many will be.

Matt Edmundson:

And I'm sure that there'll be many marketers going.

Matt Edmundson:

No, not yet.

Matt Edmundson:

I need some time to think about it.

Zohar Hod:

Exactly.

Zohar Hod:

Exactly.

Matt Edmundson:

Brilliant.

Matt Edmundson:

listen, thanks for coming on the show, man.

Matt Edmundson:

Genuinely, really appreciate.

Matt Edmundson:

It was absolutely phenomenal to meet you.

Matt Edmundson:

And thank you seriously for the conversation.

Matt Edmundson:

It was, it was spots on.

Zohar Hod:

Thank you.

Zohar Hod:

Thanks for having me, Matt.

Zohar Hod:

Really appreciate it.

Matt Edmundson:

That was great.

Matt Edmundson:

Great.

Matt Edmundson:

What a fantastic conversation.

Matt Edmundson:

Huge thanks again to Zohar for joining me today.

Matt Edmundson:

Also, a big shout out to today's show sponsor, the eCommerce Cohort.

Matt Edmundson:

Why not check them out at eCommerceCohort.

Matt Edmundson:

com.

Matt Edmundson:

Come join us in that monthly group.

Matt Edmundson:

Be great to see you in there.

Matt Edmundson:

Also, be sure to follow eCommerce Podcasts wherever you get your

Matt Edmundson:

podcasts from because we've got yet more great scintillating and

Matt Edmundson:

captivating conversations lined up and I don't want you to miss it.

Matt Edmundson:

Any of them.

Matt Edmundson:

And in case no one has told you yet today, let me be the first.

Matt Edmundson:

You are awesome.

Matt Edmundson:

Yes, you are.

Matt Edmundson:

Created awesome.

Matt Edmundson:

It's just a burden you have to bear.

Matt Edmundson:

Zohar has to bear it.

Matt Edmundson:

I've got to bear it.

Matt Edmundson:

You've got to bear it as well.

Matt Edmundson:

Now the eCommerce podcast is produced by Podjunction.

Matt Edmundson:

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Matt Edmundson:

The team that makes this show possible is.

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The beautiful and wonderful Sadaf Beynon and Tanya Hutsuliak.

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Our theme music was written by Josh Edmundson, and as I mentioned, if you'd

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like to read the transcript or show notes, head over to the website eCommerce

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podcast.net, where coincidentally you can sign up to the newsletter

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that I talked about at the stock.

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Go ahead, do it.

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You'll be pleased.

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That's it from me.

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That's it from Zohar.

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Thank you so much for joining us.

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Have a fantastic week wherever you are in the world.

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I'll see you next time.

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Bye for.