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AnalyticsIntelligenceUncategorized

This Season, Moms Will Be Shopping on Mobile – At Home and in the Aisle

November 21, 2013 — by MediaMath

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This year’s Deloitte holiday survey revealed that 68 percent of smartphone owners will use their devices for holiday shopping. Mark Lewis, online director of UK retailer John Lewis recently stated, “We expect this Christmas to be a tipping point, where the majority of our online sales come from mobile devices.”

Adroit Digital delivers strong evidence in support of a mobile shopping season in “For Moms, It’s a Digital Holiday,” a report examining the online shopping habits of today’s moms. Moms, for those not in the know, hold the keys to holiday season success.  The 80 million moms raising kids today represent $2.4 trillion in buying power. And, they’re savvy, too: 90% of moms are online, versus 76% of women overall.

Now pair that data with the fact that Mom will be doing the lion’s share of the holiday shopping. According to the Adroit Digital report, 37% of respondents were fully responsible for household gift purchasing, and 34% were responsible for at least three-quarters of it.

It’s clear that retailers need to pay extra attention to the woman of the house this year. They should also pay special attention to her use of tablet and smartphones, because she will be using them quite a bit as she plans those holiday purchases. 21percent of moms surveyed plan to do 50 percent or more of all their online holiday shopping this season from their mobile device versus their computer. Younger moms will do even more shopping from their mobile devices: nearly a third of 18-24 year olds (31 percent) and a quarter of 25-34 year olds, will do at least half of their online shopping from a smartphone or tablet.

Those mobile devices will come into the store with Mom, too. 56 percent of women surveyed plan to use their phone or tablet to track down discounts or coupons, and 50 percent will be comparison-shopping. Of those in-store mobile users, half will be comparing prices to online retailers, and 42 percent will be comparing to prices in local stores. Note that the youngest moms surveyed, those 18-24, will spend 50 percent of their in-store time researching product information on their mobile devices.

Another important trend retailers should note: Half of the moms surveyed plan to shop on the mobile web versus shopping using a retailer’s app.  Not surprisingly, it’s the millennial moms who will be doing the app-based shopping.

So what are the takeaways for retailers here?

  • For starters, pay attention to your mobile shopping experience. Many of your most important and influential holiday shoppers will be engaging with it this season.
  • Be aware that there are three generations of women actively parenting children today: Millenials, Gen-Xers and Boomers. These three groups are leveraging online shopping in very different ways. Ensure you’ve built an appropriate experience for each segment. Note that millennials will be using mobile devices far more frequently than other moms, and they’ll be shopping via your app more frequently as well.
  • Be prepared for showrooming moms. Consider price-match offers, as many retailers have done, or special, mobile-only, in-store experiences and offers.

With Thanksgiving and Cyber Week just around the corner, are you ready for the mobile moms? What are you doing to prepare?

To download full report, click here.

AnalyticsIntelligenceUncategorized

Applying Insights for Optimization

September 6, 2013 — by MediaMath

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As digital marketing advances and we have more and more information at our disposal, we have greater opportunity to make marketing more effective. The information we receive at every data point is a chance to adjust levers to achieve ideal levels of relevance- right person, right message, right time, right device.

To get there, we have to not only collect that data, but also analyze it and actually act upon those “actionable insights.” Because data is derived from a variety of sources, it is important to understand it from both the user level—who your customer is and what their interests, needs, dislikes, etc. are—and the action level—what sites they visit, what searches they conduct, how long they spend on which pages, what they purchase. Combining these insights offer a more complete picture of your customer and enable you to take the appropriate actions to engage them.

For example, skincare brand Proactiv analyzed data across both personal and interest levels and found that many Proactiv users and prospects also were country music fans. This led the brand to begin featuring country music artists like Carrie Underwood in their ads, which led to better response rates.

In Cashing in on Customer Insights by Peppers & Rogers and IBM, IBM’s Deepak Advani notes, “Business leaders can leverage these insights to help them develop relevant offers and to design more customized channel experiences for high-value customers. For instance, understanding how most valuable or most growable customers use a company’s website and why they behave the way in which they do (e.g., pages visited, why they leave) during these interactions can help decision-makers to determine the types of functionality and capabilities that could further improve customer experiences. Such efforts can help companies to engage these customers more effectively and increase their loyalty and lifetime value.”

In other words, if you take the time to observe your customers , and truly analyze their behaviors, they will tell you everything you need to know about how to engage them. Growths in sales from a new demographic means that you should be looking at ways to further engage that audience. Unusually low response to your latest campaign by your target audience may mean you need to test new messaging. It’s a simple philosophy, but it does require the right tools and the right partners. But with the right technology and good clean data, marketers can create – and act upon – a virtual roadmap to their most effective marketing.

To learn more about the MediaMath solution, click here.

AnalyticsIntelligenceUncategorized

How to Move from Direct Response Analytics to Holistic Analytics

September 5, 2013 — by MediaMath

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In direct response, there are two metrics that ultimately matter: the click and the conversion. The click is a measure of consumer interest, and the conversion is usually equivalent to the sale.

As digital advertising matures, we know there are many points along the customer journey worthy of measurement. The click is not the only indicator of an interested consumer. Today, we can track and measure any number of consumer interactions: how long a consumer has watched a video, how frequently they interacted with an in-ad game, or an ad within a game app, or whether they loved a social ad so much they shared it with friends. We can also track business metrics that matter for brand marketers, such as brand lift, purchase intent and more.

The pressure is on to measure everything…but “everything” can mean all things to all people. While, according to a study by ClickZ and Effectyv, 82 percent of marketers are measuring multi-channel data …

  • 37.5 percent defined “multi-channel” as web, social and mobile only.
  • 35.6 percent defined “multi-channel”  as web, mobile, social, marketing spend, sales, back-office data, off-line channels (store, TV, radio, print).

For those of us who have been in the digital space for years without looking up, determining the additional intelligence you need may be a challenge. Many aren’t even aware of all the options available or how to begin measuring them – much less measuring “everything.”

The first step is defining the KPIs that matter most to your business, whether that’s brand awareness, sales, or engaging and activating existing customers. Next, secure the technical platform that can help you measure, analyze and optimize for those goals.

While it’s important to have a dashboard that clearly lays out your analytics, it’s not enough to simply scan the data – although that’s what most marketing organizations do. A recent Teradatastudy revealed that while a majority currently collect a range of data types, including demographic (80%), customer service (72%) and customer satisfaction (62%), only 19% report using the data to drive marketing efforts.

Of course, the benefit of holistic analytics is having that 360-degree customer view so that you can act on it, adjusting content, delivery and frequency as needed for optimal results. Holistic analytics require a balanced blend of people, process and platform – and people come first in that sequence for a reason.  Analytics, after all, are a decisioning tool, and it’s up to the marketer to make those decisions as they relate to optimizing to KPIs.

And of course, “people” also refers to consumers, who always must come first. Holistic analytics are ultimately a tool to ensure they receive the most relevant, timely and helpful messages possible.

To learn more about the MediaMath solution, click here.

AnalyticsIntelligenceUncategorized

Measure the Right Metrics at the Right Times

September 3, 2013 — by MediaMath

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“Measure everything” seems to be the current mantra in data-driven marketing, but with an ocean of data flowing around us, the idea of measuring everything can be positively overwhelming. To gain a holistic view of your programs, you don’t have to actually measure everything; you just have to measure the right things in the right way.

For CMOs figuring out a way to optimize all of their favorite metrics, within a single platform, is the key to success. As such, it is important to measure KPIs at many stages throughout the customer lifecycle, not simply at the last touch point. Examining campaigns throughout the funnel not only enables CMOs to evaluate multiple initiatives at once for a holistic view of customer engagement, but to make the necessary adjustments to drive engagement and conversions. It also provides context for those metrics when it comes time to present to the board.

For instance, analyzing a consumer’s engagement with your web site and determining possible reasons why they have not converted can help inform your efforts down the line to further engage them. And examining your digital efforts, like SEM, alongside online surveys, can provide insight into the effectiveness of your branding and awareness initiatives. The point is, no consumer conversion happens in a vacuum. Building awareness and fostering customer relationships involves several different touch points, as does converting, and they vary such that they cannot be measured in the same way.

With respect to measurement, there are a myriad of ways to arrive at the agreed-upon KPIs. It requires solid, reliable data and an analytics platform that can plug into all your campaigns and account for all the data types (online, offline, mobile, etc.) that are needed to measure your goals.

Ultimately, it’s not about examining every single available data point, but rather finding a way (an approach and a platform) to measure the right metrics at the right times, and to coalesce those data points into a complete view of campaign performance.

To learn more about the MediaMath solution, click here.

AnalyticsIntelligenceUncategorized

Getting Personal On a Massive Scale in Retail

August 7, 2013 — by MediaMath

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The buyer journey used to be described as a funnel. But in the world of multi-channel, multi-device consumer engagement, retailers now must see it as an endless loop – with multiple entry points and possible paths to conversion. E-tailers must not only stay on this merry-go-round for the long ride, but also do it at scale – speaking to millions of consumers as individuals and using delivered targeted ad messages across channels.

Here are a few tips:

  • Understand who your customers and prospects are by organizing offline and online data into actionable targetable segments.
  • Understand what media influences conversions and the connections between media and data, identifying the best combinations to drive sales.
  • Upsell to existing customers and acquire new customers efficiently, using all the first and third-party data at your disposal.

See how a retailer like you taps into granular analytics to keep his business growing.http://ow.ly/nI5sU 

To learn more on how MediaMath can help you gain new, high-value customers and build customer loyalty, visit us during eTail East, Booth #604 at the Philadelphia Marriott Downtown, PA.

AnalyticsIntelligenceUncategorized

How Your Technology Partner Should Assist Your Data Governance Needs

July 19, 2013 — by MediaMath

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As an operating system with integrations across dozens of platforms, services and data providers, MediaMath is acutely aware of the need for data governance best practices. We have a responsibility to our clients and partners – not to mention hundreds of millions of consumers – to ensure proper oversight of their data as it flows through our global platform.

At MediaMath, we believe the responsibility extends beyond our walls and out across the industry as a whole. For the health of the industry and the protection of consumer rights, companies must take a forward position in discussing the need for proper data governance, setting standards and best practices and ensuring compliance.

Data governance is a difficult practice to start within an organization because there are hard costs associated with proper compliance, it doesn’t clearly belong in any one department, and it takes cross-departmental buy-in and involvement. The ROI is often not clear to all stakeholders, but it serves as an insurance policy against security or data breaches and is crucial to the development and retention of client trust. Commitment to this practice sends clear signals to clients and consumers that they are working with a mature platform provider.

How do we approach data governance at MediaMath?

  • We maintain clearly defined compliance guidelines with regard to data collection, use and retention policies – so clients know exactly how their data is used and for how long.
  • We retain complete control. All data is collected, processed and retained within MediaMath’s hosted data centers (which we own and operate). Our clients know exactly where their data is at all times.
  • We maintain standards for vetting all data partner who integrate with our platform. These standards ensure  providers have clear right and title to the data and follow the appropriate industry guidelines for collection and retention.
  • We educate clients at all levels of the organization on the myriad considerations of bridging offline to online data.
  • We act as stewards of our client data to ensure they stay within the boundaries of consumer privacy protection and regulation.
  • We are proactive in addressing the need for oversight and governance. Our participation on IAB and NAI councils ensures we remain on top of the latest regulations and best practices.
  • Our Data Governance expert leads a team of key stakeholders in technology, product, finance, HR and legal to maintain proper oversight and compliance with our standards.

MediaMath recently sponsored a study by the Direct Marketing Association and the Winterberry Group looking into data governance – how other organizations oversee the collection, management and utilization of data used for customer marketing.

If your organization doesn’t yet have a formalized protocol for data governance, this study will be good food for thought.  Click to download.

AnalyticsIntelligenceUncategorized

7 Factors That Influence Retargeting Success

May 21, 2013 — by Ari Buchalter

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Many people think retargeting is just about placing a pixel on an advertiser’s site to cookie users, and then buying ads against those users. If it were that simple, everyone would see the same results in all of their campaigns. The truth is that successful retargeting is more than a two-step process.

So, while nearly every advertiser sees a lift in conversions, two partners both doing retargeting may see very different results. The following factors all come into play when bidding on retargeting impressions, and each one could affect campaign performance.

The breadth of supply integrations. This includes media across display, mobile, video, social and across premium as well as remnant supply. The more impressions there are flowing into a system, the greater the chance of finding the retargeted user. Some platforms can support over 1 million queries per second, while others maybe 1/5th or 1/10th of that.

Match rates. Dropping a cookie is only half the story. You still need to sync that user with supply sources in order to bid on them in media. Match rates speak to the percentage of users that are successfully synced, and can vary from 70-80%, down to as low as 20-30% for some platforms (it will always be less than 100%, given that some users either don’t accept or delete their cookies).

Error/timeout rates. Just because an opportunity to bid on a retargeting user comes in, doesn’t mean the DSP will actually be able to bid. Platforms that fail to respond within the allotted time window of 50 to 100 milliseconds will timeout (e.g., because the system simply cannot handle the flow coming in), making their bid ineligible. Some platforms have timeout rates as much 20 times lower than their peers.

Optimization Finding a retargeted user is great, but knowing what to bid to achieve your ultimate goal is a different story. Not all retargeting users are of equal value, and even the same user could be of greater value when appearing on one type of site vs. another. Yet surprisingly, many platforms employ a simplistic fixed-bid approach (bidding the same amount every time, perhaps with some random variation), which is never the right answer. Why? Because any fixed bid will be either below a publisher floor (and never win that inventory) or above other floors (potentially overpaying for that inventory).

Moreover, most exchanges and supply side platforms (SSPs) employ dynamic price floors, altering the floor price depending on the bids submitted. For this reason, it’s critical to have a machine-learning algorithm that can bid dynamically on retargeting. This means bidding higher when you need to, and lower when you don’t.

Recency & frequency management. Building on the optimization point, it’s not enough to know who to bid on and what to bid. Advertisers must also know when to bid, as well as how often. Performance can vary significantly as a function of recency and frequency, and knowing how to incorporate those factors into a retargeting program may be the difference between decent performance and breakaway performance.

Dynamic creative. Retargeting users have recently interacted with the advertiser’s site, so leveraging dynamic creative to tailor the ad based on those interactions (e.g., showing specific products viewed, as opposed to generic ads) ensure greater relevance and dramatically lifts performance.

Fraud detection. The trade press has recently highlighted how many retargeting impressions available — more than many people realize — aren’t actually against humans, but rather against bots that have intentionally visited advertiser sites to trick unsuspecting buyers to bid for them. Sophisticated buying platforms should have algorithms that look at multiple factors to identify fraud and avoid bidding on suspect bot traffic. The net effect is a reduction in impressions and lower click-through rates (by eliminating fraudulent clicks associated with bots – actual human click-through rates are much lower), but a dramatic improvement in cost-per acquisition and order quality.

AnalyticsIntelligenceUncategorized

Don’t Restrict Your Idea of Offline Attribution

May 10, 2013 — by MediaMath

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There’s been a lot of buzz lately around the topic of cross channel attribution or offline attribution, as marketers try to figure out how to better measure the performance of their media campaigns. However, many marketers only look at offline attribution in a very narrow sense, which is strictly defined as attributing conversion events happening outside of media to an online media event. As a result, they miss out on the greater campaign optimization opportunities brought along by their offline attribution processes.

Some forward thinking marketers have been using their offline attribution processes as opportunities to fine-tune their campaign attribution models, which lead to significant performance improvements. The reason behind this is the offline attribution processes allows advertisers to insert their own analytic and conversion filtering processes into the media buying cycles, resulting in flexible and effective attribution models.

To get more value out of offline attribution processes, advertisers need to do the following:

  • Understand the main objective of their campaigns and identify the converters or the type of conversion events that would drive the most ROI.
  • Filter conversion events accordingly. For example, a retailer can group their converters into multiple categories based on the amount they spend in store, and only bring those converters who spend more than $100 into the media buying platform as conversion events for attribution.

Intelligent media buying platforms use machine-learning algorithms to find more prospects with similar characteristics as these high value converters, target them online, and result in higher ROI for the advertisers.

The attribution model is extremely crucial to campaign optimization and performance. Please consider your offline attribution process as a golden opportunity to build a custom-tailored attribution model to extract the most ROI out of your media buys.