London-based Qudo has launched its flagship Software-as-a-Service (SaaS) research and activation platform.
Unlike many research platforms, which rely on first- and third-party data collected via cookies, Qudo leverages data willingly shared by consumers in anonymous online surveys – otherwise known as zero-party data. This approach is unaffected by new data privacy regulations, and enables the collection of more targeted information through specific key questions.
Qudo will extend access to small-to-medium businesses, with the tool available at a range of price points, starting with a ‘freemium’ offer.
Mihajlo Popesku, Deputy CEO & Chief Research Officer at Qudo, commented: “Consumers are increasingly concerned about the privacy of their data, and rightfully so. The hyper-personalisation of communications, based on information you don’t even remember giving, can be unsettling. As a result, more users are declining cookie consent, making them harder to track.
“The zero-party data we collect has the full, conscious consent of the consumer, and gives a more complete, granular view of human behaviour, which can be visualised in segments. In the case of bespoke projects, clients can request ownership of the data collected on their behalf, but it remains fully anonymous and contains no private information.
“At the same time, we empower organisations to turn their consumer insights into actionable results. With our precision activation engine, businesses can seamlessly export consumer segments to social media channels without signal loss or any data changing hands. This enables them to accurately target their preferred audiences without compromising consumer privacy.”
Dr Popesku is one of three Cambridge Analytica alumni that founded Qudo, including CEO Ahmad Al Khatib and Chief Marketing Officer Umar Akhtar. Collectively, they bring decades of experience in harnessing the power of behavioural research and marketing that has led them to perfect the process of streamlining research data, and built a tool which turns insights into actions.
Speaking on today’s launch, Al Khatib added: “You can have the best and most comprehensive data, but it’s meaningless if you don’t know what to do with it. Imagine you’re thirsty – do you want a high-pressure hose, or a glass of water? Our competitors claim to have actionable insights, but really, they give clients a high-pressure hose of information. At Qudo, we hand them a glass of water – the exact actions broken down into detailed consumer segments based on the behaviours and products most important to them.
“In this way, we’re taking all the guesswork out of ad campaigns, dramatically improving return on investment, and freeing up much-needed man hours too often spent in the mire of the research-to-activation process.”
Qudo has raised $4.4 million to date. It continues to seek a range of venture capital and angel investors with experience in the tech start-up and SaaS space, with the next round of fundraising anticipated for late 2023. Users can sign up to be a part of Qudo’s closed beta programme.