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.
Matt Edmundson: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
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Matt Edmundson:Don't know but we're going to get into all of that today, but before
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Matt Edmundson: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:You can find our entire archive of episodes on your favorite podcast app.
Matt Edmundson:The team that makes this show possible is.
Matt Edmundson:The beautiful and wonderful Sadaf Beynon and Tanya Hutsuliak.
Matt Edmundson:Our theme music was written by Josh Edmundson, and as I mentioned, if you'd
Matt Edmundson:like to read the transcript or show notes, head over to the website eCommerce
Matt Edmundson:podcast.net, where coincidentally you can sign up to the newsletter
Matt Edmundson:that I talked about at the stock.
Matt Edmundson:Go ahead, do it.
Matt Edmundson:You'll be pleased.
Matt Edmundson:That's it from me.
Matt Edmundson:That's it from Zohar.
Matt Edmundson:Thank you so much for joining us.
Matt Edmundson:Have a fantastic week wherever you are in the world.
Matt Edmundson:I'll see you next time.
Matt Edmundson:Bye for.