How do most digital advertisers measure success? Through data analysis, of course.
But, not enough advertisers have access to their own digital data in a usable way.
Such a pity.
It’s not about big data, it’s about sourcing usable data.
A recent report about financial advertisers using digital channels has been published. It is worth a read. (Contact details at the bottom of this article.)
The report is based upon data captured through a data management platform across seven brands and five months.
It shows what brands can do, and should do, leveraging their own (and owned) first-party data.
I urge you to have a look at this table and think about it. It sums up success in digital lead generation a.k.a. performance advertising.
With a data management platform, (more…)
As the new year approaches everyone is wondering what will really happen in 2015. And only a few of us really know!
I’ll happily share with you a few points – and I’ll frame it as seven significant changes in our vocabulary because they just won’t need explaining any longer:
advertisers will reach a point in May (why May? That’s another story!) where they no longer need to refer to “cross-screen” advertising. Why? Because everything will just work across all screens. ALL screens. And we’ll even be able to track advertising across all screens and all operating systems in a way that only Facebook, Google and Apple can today – albeit only across their operating systems at the time of writing.
- DIGITAL FIRST
“digital first” will be an expression of the past. It’ll just be what we all think and do. Instead we’ll remember at the last minute before submitting any advertising proposal “what about TV and billboards?” Okay, maybe TV and billboards won’t be forgotten like that. But still, maybe it’s time for the 2005 prophecy by Joe Jaffe to come to life: Today, some 65 years after it was first used, the 30-second spot is like Sean Connery – still sexy as hell but not much of a long-term prospect.” (more…)
Supertargeting for digital advertising is possible across the globe through third party data. But no one sells much third party data here in the Middle East so supertargetting online is – some say – a dream. Except for in a few places; Facebook is one of them.
You know how you see ‘relevant’ ads on Facebook more often than elsewhere? That’s thanks to aggregated profile data made available to advertisers. When not used smartly, supertargeting can become super creepy. Have you ever felt stalked online? The aim is to avoid that, of course. If an ad isn’t adding value, it’s not an advertisement, it’s wallpaper.
Well, Facebook has just announced at its F8 Conference (click here for the link), the launch of its Audience Network (aka FAN) for advertisers spending in mobile – giving an alternative option to the quasi-monopoly that Google has been enjoying. You see, in the cookie-less land of mobile, Google, Facebook and Apple are amongst the few who can track and identify users across screens and devices. Only Apple doesn’t sell that information.
So now, via both Facebook and Google networks, we can target people more closely both on computers and when their out and about via mobile. Thank you Facebook and Google!
Read more here: http://readwrite.com/2014/09/29/facebook-google-targeted-advertising-personal-data-cookies and here http://readwrite.com/2014/10/07/facebook-audience-ad-network-open
Surely, Ali Baba is a poor woodcutter who discovers the secret of a thieves’ den, entered with the phrase “Open Sesame“. The thieves learn this, and try to kill Ali Baba. But Ali Baba’s faithful slave-girl foils their plots; Ali Baba gives his son to her in marriage and keeps the secret of the treasure.
Well, let me tell you what the other Alibaba does, EVERYTHING!
In wikipedia-speak, it’s “a family of highly successful Internet-based businesses.” Jack Ma (more…)
My wife – in the early days of just-dating – threw out my orange, baggy, linen shirt. I liked it because all my other clothes were safe, dull, grey. I liked it because it made a statement.
John Waters, the film director, has just written a book on hitchhiking. During an interview on my new fave podcast, Fresh Air *, he revealed that his favorite suit is plaid – and the top half and the bottom half don’t match. Except they do match at the back. That makes a statement.
Wow, the last two years have been exciting. But it’s time to say, so long, Singapore.
MBA vs real-world learning
In December 2011, I told some old friends that I was about to do an MBA in Australia – where I lived at the time – at an unheard of business school. They explained to me that it was too little too late: “You’re supposed to be turning 30 not pushing 40; you’re supposed to do it at a famous school with cool people, not a cheap school with average people.” Fair cop. They asked me why I was keen to get a Master’s in Business Administration anyway and I explained I wanted to use it to work out what’s next. “That’s an expensive way to procrastinate,” said one of said friends. Harsh, but fair.
So, three months later, I feigned a family holiday and instead booked a solo trip to Singapore. I met 35 people in seven days. And asked each person to introduce me to one more person, if they could.
One of those ‘one-more-people’ was the guy at WPP’s “other trading desk” the Media Innovation Group. The digital media tech company on the bleeding edge of digital whose tools were used by GroupM. And this bloke decided I was the man for the role to bring his business to life across Asia Pacific.
Soon enough it was announced in the press (thank you, mumbrella) that I would be moving on to embark upon some “real-world learning” to launch WPP’s Media Innovation Group across Asia Pacific.
Data, creativity and real-time bidding
The business at the Media Innovation Group was technical. And naturally, full of three letter abbreviations. The Media Innovation Group (MIG) was a real-time bidding (RTB) media buying shop – sometimes called a trading desk – with a state-of-the-art data management platform (DMP). Since those ‘early days’, everyone has started talking more about “programmatic”. But if anyone uses such language with you, ask them to explain themselves. Most can but many can’t! The tech-heads think media is all about tech. It’s not, it’s about results, of course.
Small things count. Or rather, let’s start to appreciate that the small things count.
I was in a meeting the other day with Darren Woolley of TrinityP3. The project is an agency assessment – how to evaluate the relationships between agencies and this particular advertising client. Darren talked through the Issues Matrix.
“To build a relationship fix the big issues and fix the regular issues. If there are big, regular issues the relationship is over already! Fixing big issues might take time. But the regular, little issues are the ones that are unnecessary and will create a relationship breakdown.”
Think about the little things in life. Take a plane ride for example. When was the last time you sat on a plane and had someone a bit stinky sitting next to you? (more…)
Dissolve is a library of stock footage for video.
They saw this piece by Kendra Eash on Timothy McSweeney’s Internet Tendency site.
And made it into a film. (HatTip Mumbrella.asia)
What a gem.
Another way to mock generic advertising was taken by David Mitchell in 2009.
I’ve used this film in presentations (more…)
Yes. Big data has a lot in common with Space Invaders. And that’s what’s so exciting.
How do I know? Well, I’ll be telling that story to the WFA soon.
The World Federation of Advertisers (WFA) is a formidable body who put on conferences and a forum or two each month across the globe for their members who are top, international companies who have big advertising budgets.
What a delight to be invited to speak at their Integrated Marketing and Communications Forum in Singapore next week.
My topic is about data-driven marketing, a subject close to my heart as I’ve been helping advertisers and their creative agencies get closer to some of the data normally closely guarded by their media agency trading desk. Ah the brave new world of programmatic buying (more…)