What Does 1St, 2Nd And 3Rd Party Data Mean?

1st, 2nd and 3rd Party Data Demystified

aggregate the data from different sources to build a comprehensive profile of a customer/person. These enhanced profile let you understand a visitor/shopper more than what a 1st party or 2nd party data sets can provide.

For example, if you are a Financial institution, it will be very helpful for you to know which of your customers travel frequently, this will help you offer them a credit card that provides added travel rewards and benefits. This is where 3rd party data becomes useful that can provide such information based on data collected from various data sources such as hotel booking sites, airlines, location based data on several other places, other credit card providers etc

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