Consent management is an operation within the web that gives users/browsers authorization over the information they want to share. The information is of a personal nature and can be used for target advertising. Obtaining permission from cybersurfers is of international significance since the rise of internet use.
It is an international law that websites acquire approval from surfers when compiling information through cookies. Osano can help with consent management.   For a business to prove that it adheres to the privacy laws and permission conditions, certain procedures apply.
Regardless of what you’re browsing on the net; education, shopping, banking or social media, you cannot escape from cookies trying to gather your information. Thus consent is the turn of phrase when it comes to e-commerce. 
It is increasingly difficult for websites to survey the ever-changing consent landscape. Internationalization makes it harder due to different regions playing by their own rules. Which varies from country to country. 
A Consent Management Platform (CPM) is a data privacy manager software designed to assist with gathering and managing your user's personal information. It authorizes in conjunction with protection and regulation laws such as the EU's GDPR, California’s CCPA and Brazil’s LGPD.   

A Consent Management Platform (CMP)

As an organization that operates online, it is important to understand exactly how CMPs work. This will help guide you in deciding how to go about choosing the right consent management platform for you. There are a few key functions of a CPM and they are:
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Since we have already established that cookies are the buzzword of the interweb, let us have a look at how different e-commerce businesses can thrive from advertising online, and how cookies would best benefit their customer outreach goals.

Blogging 

As already mentioned in the intro, there are no avoiding cookies on the web these days. Websites are fast adopting blogging as their way to reach as many browsers as possible. 

 5 reasons your online store needs a blog : 

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Online Banking

Whether you’re banking with traditional banks or Bitcoin or Ethereum for that matter, you will be confronted with cookies. Requesting permission to collect your information for “strictly necessary” purposes. We’re not saying that they’re not, just that they are inescapable.
Digital banking is another inexorable feat with the escalation of internet use. Not forgetting the social distancing imposed on society by the Covid-19 virus. Which has forced most of the world to stay at home, and go online.
Same as blogs, or any other digital platform; the use of CPMs by organizations is acting as a survey. Retrieving information about users to help benefit their future marketing processes. 

Key benefits digital banking brings to your financial institution:

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Health organizations

The addition of CPMs helps benefit the medical environment by recycling data into its ecosystem. Which makes it easier for people in the medical sphere to circumnavigate the broad aspect of health, worldwide. Scientists are thus better equipped when it comes to research.
Choosing the right Consent Management Platform is as important as having one. The approach used for the retrieval of information determines the trust you may achieve from potential customers. The tone ultimately decides the kind of client your establishment draws in. 
Clients will trust your organization when they know that their information is for good use and in good hands. Pharmaceutic data tends to be sensitive so you need your audience to trust in you. 

Five benefits for health organizations to incorporate CMPs onto their websites: 

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Information Technology (IT)

Of course, it seems obvious that tech companies would have consent management platforms on all of their own platforms. It is a technological feat after all. If anyone is on top of technological benefits it must be people in this field.
Artificial intelligence goes hand in hand with CPM in that it is also based on the collection of human data, to better improve already existing structures and services. The advantages of artificial intelligence similar to those of consent management platforms are also improved information workflows. 
With technological prospects always growing and changing, the industry also needs to keep abreast of personal information. 

Five more reasons how CPMs assist the world of IT services:  

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Rounding off

‘If you can’t beat them join them’ goes the saying. It applies to e-commerce in undeniable ways. Staying above the curve when its shape is ever-evolving is the best choice for business. It means your establishment does not suffer the blows when times get tough. 
Even better if your company can be the leader of new things to come or at least part of the new frontier. Before we embraced AI fear-mongering about it was prevalent in the media. Movies with themes about robots taking over the world dominated our screens.
From that, I realize that actually, they are more tools than they are threats. The same applies to CMPs. A lot of conspiracy about safety and security in the media leaves many onlookers skeptical about its intentions. Yet with the right approach e-commerce can benefit immensely from the proper use of Consent Management Platforms.

Let’s recap the 10 main reasons why CPM works for Ecommerce: 

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With all that covered, there is no reason why your e-commerce business should not comply with CMPs and thrive.

WRITTEN BY

Sophie H.