Showing posts with label automation. Show all posts
Showing posts with label automation. Show all posts

Monday, 31 October 2016

REAL TIME MARKETING: A NEW DIGITAL ENGINE

What is this new tool companies are using to optimize customer relationship and complement their e-commerce strategy?

RTM, which stands for Real Time Marketing, is a new concept of marketing based on customer’s behaviour and actions on their website in order to provide better services and push more pertinent advertisement in real time. Clearly, it consist in using all the data regarding the actions of the customers of the website, to immediately send triggered emails, to entertain a discussion through social medias, to promote live events and even propose location based deals according to the customer’s location.

By undertaking these different activities in real time, companies have different goals:




When successfully done, RTM can make people interact with your company of social media, by liking, sharing or retweeting: so by focusing on technology and improving the customer relationship and engagement, you then can collect huge amount of data about customer behaviour to push him the right product/service, at the right time and at the good price.

“RTM enables companies to a 16% lift in customer sentiment, a increase of 14% in purchase intent and 18% in interest (…) LeadSift’s data reveals that consumers are 22% more likely to consider a brand as a result of real-time marketing.”

With all these benefits listed, why not all brand and company are developing an efficient real-time marketing strategy?

Today, many companies are limited in the use of real-time marketing, for those main reasons: Limited budget and resources, staff can’t respond quickly enough, lack of search analytics tools, lack of real-time data and knowledge.

Real-time marketing is very efficient tool, with impressive results, when of course it can be afforded. For the moment only prestigious brands and important companies are able to develop a profitable RTM strategy.


http://digitalmarketingmagazine.co.uk/articles/the-increasing-importance-of-real-time-marketing

Monday, 16 November 2015

Programmatic Ad buying - The Next Big Thing!


Programmatic or automated ad buying typically refers to the use of software/machines to buy digital advertising, as opposed to the traditional process that involves RFPs, human negotiations and manual insertion orders. It is growing not only because it makes ad transactions more efficient but because if the right data is applied, it can make them more effective.

US Programmatic Digital Display Ad Spending, 2013-2016 (billions, % change and % of total digital display ad spending*)

How it works?

http://static2.businessinsider.com/image/51828020ecad04ab05000006/infographic-inside-the-mobile-real-time-bidding-ad-ecosystem.jpg

Basically multiple firms engage in real-time bidding for display ad space on a webpage. The information about the availability of ad-space on a webpage is passed onto an ad-exchange. An ad exchange is a platform that auctions off the available ad space to the highest bidder. The highest bidder gets to have his page displayed when the page loads.

A Supply-Side Platform (SSP) is a software system that allows web publishers to sell and manage ad inventory in an automated manner. SSPs connect with multiple ad networks and DSPs at once providing access to a large number of potential ad buyers.

Advertisers typically use demand-side platforms (DSPs), a fully automated software, to select which ad space to purchase. This eliminates to an extent the need for sales personnel and time spent negotiating, insertion orders etc. making the process highly efficient.



A video explaining the process



It is all about Data!

Data regarding which geographies to target, time of day, audience segments etc; is all fed into the DSPs so that ads are extremely effective in targeting.

Everyone is jumping on the bandwagon!

Recently, Dannon entered into a one year contract with video vendor TubeMogul to focus on ad targeting while also automating a portion of its buying. One of the first outputs of the deal was a campaign for Activia, a line of yogurt that helps with digestion, that was rolled out to a very narrow segment of people based on their age and gender.

Sources

Article by:

Ankita Verma
Shikhar Nigam