Considered by many as the next big thing in marketing and advertising, data-driven programmatic advertising uses different technologies to complete transactions for advertisement material. This method applies to online advertising on multiple platforms such as mobile and video.
Data-driven programmatic advertising ensures that the world of advertising has a bright future and provides a much more sophisticated and scientific approach for agencies to connect with consumers.
The online marketplace is where both demand and supply for advertising is generated. In contrast, critical decisions by advertising entities and agencies are finalized using various data on consumers and their behavior patterns.
A key component of programmatic advertising is an auction process that involves real-time bidding where the user generates a request for a specific ad when visiting a website. Then advertisers bid on the advertising space before the ad is published onto that website.
Latest trends to look out for
Here are some of the latest critical trends in the world of data-driven programmatic advertising that are guaranteed to change the landscape:
Performance is everything
For advertisers, it is of utmost importance to generate the most value out of any marketing campaign. Marketers want to know the correct responses generated by these campaigns since business performance is closely linked with marketing success.
In doing so, advertisers must make sure they have access to essential and accurate data on all consumers and target audiences to gauge the real success of all their advertising efforts and campaigns.
Wearables are the future
In the world of data-driven programmatic advertising, where the consumer remains the focal point of all advertising campaigns, consumer data remains the top priority for advertising companies and agencies. Wearables, with companies such as Apple, Samsung, and Fitbit leading the way, can provide data and critical insights on every individual, while respecting personal boundaries. These datasets can allow the advertisement to become more direct, more personal and far more effective.
Personalization is key
By investing heavily in building a unique and tailored experience as per every individual, advertisers can ensure that maximum value is generated and maximum consumer engagement is achieved.
This consumer engagement means that major advertisers must ensure that a wide variety of consumer behaviors and preferences, such as alignment with social causes or cultural issues, must remain at the core of all advertising.
This means a wide variety of audience engagement strategies must be used to match the right experience with the right people. This alignment remains key to data-driven programmatic advertising as well.
Sending the right message
In an era of sensitivity and political correctness, advertising companies are no different and must adapt accordingly. By avoiding tone-deaf language, continually engaging with consumers, and making sure that the right words are said in the right way, data-driven programmatic advertising can help provide a much more comfortable and trustworthy experience for a brand’s consumers. Advertising companies can enjoy incredible success if they pay close attention to the finer details of their big message and their style of communication and interaction.
As the world continues to move towards a data-centric approach, the field of advertising remains no different. Different advertising agencies continue to grow and adapt to data-driven programmatic advertising, utilizing quantitative material in various ways and expanding towards a wide range of platforms.
However, despite all these significant changes, the customer remains king, and these major stakeholders must all ensure that this fundamental principle remains at the very core of all activity.
As consumer preferences continue to develop and evolve over time, advertising companies must ensure that data-driven programmatic advertising takes these finer details into account and is utilized accordingly, to produce more effective results.