IRI Partners with Epsilon
IRI has expanded its partnership with Epsilon, an advertising and marketing technology company, connecting Epsilon's unique identity solution, CORE ID, with IRI's transaction data for consumer packaged goods clients via Epsilon's clean room, Epsilon PeopleCloud Prospect.
The partnership enables consumer packaged goods companies and retailers to leverage Epsilon's clean room and IRI's granular transactional dataset to create a closed-loop data ecosystem for insights, audience development, activation, and measurement. IRI transaction files include brand, UPC, purchase time, number of each item purchased, price, basket total, and categories and is aligned to CORE IDs across all brand touch points, devices, and groups .
The joint outcome can help provide key benefits to CPG companies, includin the followingg:
- The ability to inject insights about buyers across the brand portfolio into media planning and consumer experiences;
- Identification of highest-value consumer prospects;
- Activation across owned and paid channels with partners of their choice for omnichannel personalization at scale; and
- Delivery of in-flight reporting inclusive of unmodeled sales attribution.
"IRI has one of the deepest and broadest CPG data assets in the world, and we are excited to work with Epsilon to create a closed-loop path forward for CPG brands, offering marketers a robust media planning, activation, and measurement platform," said Jennifer Pelino, executive vice president and head of global media solutions at IRI, in a statement. "By transitioning from the use of third-party identifiers to first-party data through data enhancement, advertisers and their agencies can help create the most accurate audiences for activation, yielding greater return on campaign investments."
Epsilon's clean room is pre-loaded with Epsilon's proprietary data, which is constantly aligned to brand and partner data through the curation of purchase, behavioral, and additional signals using 380 billion daily data points captured in real time. Epsilon's clean room is equipped with more than 200 million CORE IDs in the United States.
"Epsilon's smart clean room can enable analytics teams to focus more on generating actionable insights and less on the mechanics of operating the clean room," said Kate Sirkin, executive vice president of global data partnerships at Epsilon, in sa statement. "Our approach brings together best-in-class curated datasets to maximize a CPG brand's ability to plan with an integrated platform and move seamlessly to execution, driving greater value against their marketing campaigns."