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TechnologyUncategorized

The Strengths of Each: Brands, Agencies, and Ad Tech

April 1, 2014 — by MediaMath

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The world has gone digital. The most successful brands at the forefront of digital marketing know this and are benefitting from the wealth of data these digital opportunities create, specifically through programmatic buying.

These brands, and the agencies working on their behalf, are empowered by holistic technology solutions to formulate and execute digital marketing campaigns. Both the brands and their agencies know that programmatic technology allows them to reach the consumers they want to target, when they want to target them, at the time consumers are most receptive. A technology partner’s ability to leverage a brand’s first party data produces increased control and understanding of that data as it relates to the brand’s digital campaigns. Agencies know that using these deep insights create new opportunities for modeling and optimization, better planning, execution and measurement, and more effective data-driven creative.

Programmatic technology enables agencies to identify new customers and create meaningful insights and segmentations among them, get effective messages in front of those customers and optimize campaigns against clear and meaningful reporting that identifies how messaging fares in the market and how it contributes to ROI for their clients.  Additionally, agencies that implement programmatic technology execute campaigns that are informed by transparent results; both the agency and the brand are closely aligned in their understanding of the brand strategy.

Ad technology partners are an essential tool in a brand’s marketing arsenal. In an earlier, simpler world, with fewer channels and customer touch points, it was possible to market effectively through manual systems. But today’s landscape is a marketplace of literally trillions of ad opportunities across multiple numbers of channels. It is impossible to effectively reach customers in today’s marketplace without a global, scalable technology assisting you.

When you get down to it, effective digital marketing is similar to a three-legged stool, with the brand, agencies and technology partners providing the support upon which the entire brand strategy rests and relies on. Each leg is essential. Removing any one of them results in a two-legged stool and two-legged stools don’t stay upright very long.

This post is the first in a series for marketers with an understanding of programmatic technology who are looking to step it up.

Keep up with this series to further educate yourself on how programmatic technology fits into the bigger marketing picture by following the Step It Up Series on the blog.

Do you have what it takes to integrate programmatic technology more deeply into your business strategy? Take our quiz to identify your level of programmatic sophistication and get to the next level.

TechnologyUncategorized

Programmatic for Retailers: Success Is Always In Stock

March 31, 2014 — by MediaMath

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Retailers are using data in a myriad of ways to revolutionize the online and offline customer experience while creating a competitive advantage for themselves. Kohl’s, for example, is offering digital coupons, via smartphones, to shoppers who visit their stores. By marrying the in-store experience with consumers’ heavy reliance on mobile technology and consumer purchase motivation driven by the desire to get a good deal, retailers are delivering a seamless (and far superior) customer experience across channels.

Retailers are keenly aware of the power and potential Big Data has to inform an omni-channel strategy, yet, for many, a disconnect still exists between owning data and putting it to use in a way that yields measurable success. A programmatic media buying solution embedded within a retail organization can serve as the foundation for creating numerous applications for that data, and more importantly, drive business results.

Retail organizations that apply data through programmatic solutions gain a holistic view into:

•    Where the brand’s message is resonating most consistently
•    What targeting strategies and tactics are working or not working
•    Who is most responsive to messaging and why
•    How your marketing dollars are being spent
•    How you own control of your data
•    Who you’re working with to achieve results

The use of programmatic technology allows retailers to pinpoint where brand affinity resonates strongest across all digital media channels. Because of this, retailers are not only able to maintain a unified message but they can also identify which channels perform best.

Programmatic technology organizes a retailer’s data, as well as 2nd and 3rd party data, and layers that data on top of digital media buys for increased targeting capabilities. By housing all of that data within one centralized campaign management tool, retailers have access to learnings that serve to improve media across all channels, better inform their messaging strategies, identify the best co-op partner prospects, and so on. Say your CMO wants an easily digestible view of online & in-store spend impact across your display, social, video and mobile programs while the digital media team is hungry for performance data. Not a problem; all of that information is available within one centralized marketing operating system.

Programmatic technology doesn’t just provide rich insight as to how campaigns perform; it also provides a full breakout of every dollar spent in the system. Advertisers only pay what the impression is worth to them specifically. CFOs can sleep better at night knowing how they’re spending their marketing dollars.

Retail brands can accurately assess the safety and appropriateness of websites to avoid fraud or disparaging a brand’s image in the eyes of customer. Additionally, programmatic media buying technology places the retailer in control of their data and how it’s used.  Transparency, as it relates to both data sources and publishers sites, offered by a programmatic platform means that retailers have a deep understanding, and ultimately better control of their brand’s presence online.

Let’s say the same CMO is bullish that her brand is associated with premium content or publishers. Easy enough – a Marketing Operating System like MediaMath’s TerminalOne™, through its Deal Discovery app, identifies both RTB and premium supply deal opportunities available to buyers.  As a result, time is saved identifying the supply sources that work best in terms of cost, targeting parameters, and availability.

The idea that programmatic is synonymous with remnant or sub-par inventory no longer holds water. Programmatic buying is about efficiency – and every retailer can benefit from cost efficiencies and process efficiencies, regardless of what you sell or where you sell it.

Let’s take it one step further: Your head of business development has asked procurement to vet attribution vendors (or any 3rd party vendor for that matter). Imagine if you could send out multiple RFIs in bulk, via one email, to key players from a single platform instead of spending time navigating through the complex vendor landscape to find the appropriate contact to begin the RFI process. That would be efficient, right? MediaMath works with over 250 partners and launched its OPEN portal featuring a partner marketplace to educate digital marketers and seamlessly connect buyers with the best of the digital ecosystem.

From the CMO to the digital team to the CFO, programmatic technology adds value throughout the retail organization. A technology platform, like MediaMath’s TerminalOne™ Marketing Operating System, deeply engrained into, and across a retail organization promises to empower retailers by delivering transparency, insight, and control to their digital marketing campaigns.

Learn more about MediaMath Retail here.

TechnologyUncategorized

Understanding Through Data: A Win for CPG Marketers

March 21, 2014 — by MediaMath

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MediaMath interviewed three executive level consumer packaged goods (CPG) marketers to identify how programmatic has helped them overcome challenges and disruptions in the online shopper marketing space. The report, “Why CPG Marketers Need To Embrace Digital Shopper Marketing,” reveals how these marketers implement programmatic into their overall marketing strategies to maintain a competitive edge, both in terms of sales and brand recognition. CPG marketers are faced with many complex challenges but have the means to overcome those challenges and are eagerly doing so to remain top of mind to online and offline consumers in a competitive market.

Marketers are living in an incredibly exciting time. The linear customer journey, from brand discovery to point of sale, has been completely upended by the hyper connected, digitally savvy, well-informed consumer. Traditionally, in-store shoppers would make a decision about a product within 3-7 seconds, which is the same amount of time to notice a product on a shelf.

Today, the digital shopper is using tools like search and social media across devices to make their purchasing decisions. Because of this, it’s crucial that CPG marketers are fully able to understand the “how,” “why,” and “what” that drive these online shopper decisions. The CPG marketers interviewed leveraged data to produce rich insight in the following ways:

•    Applying rich analytics to measure the consumers’ whole path to purchase
•    Layering data over media buys to customize messaging
•    Reaching audiences directly to drive awareness

From the early adopter to the digital new comer, the three marketers interviewed share their competitive edge in common. They’ve kept up with the new customer journey revolution and have put their data based shopper insights to use in order to drive revenue and maintain brand awareness.

Download the full white paper to learn more about how these CPG marketers drive prospects and customers to action.

TechnologyUncategorized

How Retailers Can Embrace an Omni-Channel World

March 18, 2014 — by MediaMath

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Digital ubiquity and consumers’ ability to seamlessly shift between the offline and online retail worlds has rapidly transformed e-commerce. Today’s “connected” consumers have become channel agnostic with regard to how they engage with a brand or retailer – from their desktops, mobile phones, and tablets, to bricks-and-mortar interactions.

Wherever and however consumers are interacting with brands, they’re providing critical insights that can be mined, examined, and ultimately activated by retailers in service of their omni-channel strategy – purchase patterns, social network affinities, website visits, coupon redemption rates, and loyalty programs. These insights can then be used to create and target custom messages that more effectively speak to consumers as they move fluidly across digital environments by highlighting the brand experience – not the channel.

As omni-channel retail moves quickly from being marketing lingo to the de facto application of a cross-platform strategy focused on the needs, wants, and behaviors of connected consumers, retailers are up against formidable competition with an increasing number of powerhouse brands adopting their own version of omni retail strategies.

Macy’s recently referred to itself as an omni-channel organization by no longer differentiating sales by channel and instead focusing on a blended retail experience through its stores, mobile, and internet presence. The heritage brand is also using its app to interact with in-store consumers, along with providing touchscreen self-checkout options. Many more retail giants are following in those footsteps, like Best Buy, which has created a more streamlined online/offline retail experience that caters to people who want to price and buy their products online, but pick them up in a bricks-and-mortar retail location.

Here are tips for retailers to get ahead in an omni-channel world:

•    Align messaging. Capture consumer behavioral data across media and marketing tactics, purchase and brand engagement channels, and house it all in a single technology platform for a holistic, single view of the consumer. Then activate those learnings through a multi-level marketing program that aligns messaging to consumers for a more personalized and relevant experience by channel.

•    Internal reorientation.  Successful execution depends on executive buy-in, technology infrastructure investment to support omni-channel fulfillment, sales training, and a reorientation of a retail brand’s goals and strategy for meeting the needs of their customers.

•    Minimize friction. As the consumer moves between online and offline access points, retail personnel should be armed with a solid understanding of the organization’s omni-channel strategy so that they can provide a seamless, interconnected brand experience.  This might mean ensuring that compensation and performance measurement align with driving customer engagement and sales, regardless of channel, i.e. an in-store employee is educated on inventory and assortment options by channel and rewarded for enabling customers to explore (and hopefully purchase!) items online that are not available in-store.

•    Leverage data.  Third-party data companies can offer tremendous insights by collecting and normalizing information about past purchase behavior (in most cases down to the brand level), current intent to purchase a specific product, and general interests and passions.  As you examine this data across the various consumer segments and profiles, you can see the similarities and differences between each segment and then target/message appropriately based on the unique characteristics/attributes of each profile.

•    Create “yes, and” partnerships. In collaboration with ad tech and agency partners, omni-channel retailers can be better prepared to not only engage consumers, but reach them when they’re most receptive. Ad tech partners can construct and analyze a single view of the consumer for the planning, execution, measurement, and optimization of marketing programs. Simultaneously, agency partners can offer strategic insight into best practices, media buying, data co-ops, and creative scalability that will push a retail brand front and center in the consumers’ minds.

•    Bring a platform in-house.  Even if a brand never plans to bring the execution of a programmatic strategy in-house, owning the right ad tech platform can help a retail brand understand what media works and what doesn’t with regard to reaching and attracting consumers and prospects. The applications and utility of the data housed in a platform like MediaMath, for example, can expand far behind targeted media. Retailers can leverage this data to determine in-store vs. online product assortment, design fulfillment strategies, adjust creative messages based on a deeper understanding of their customers by and across channels, or determine ideal shopper marketing partners.

Learn more about MediaMath Retail here.

TechnologyUncategorized

The Programmatic Future Looks Bright for Lenovo’s Gary Milner

March 12, 2014 — by MediaMath

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As programmatic continues to empower the digital media landscape and provide a more efficient pathway for software-driven inventory buying, marketers are benefiting from measurably richer audience insights and success metrics that allow them and their agencies to analyze marketing programs for dollar-smart results.

For many marketers, programmatic marketing has provided a depth of customer knowledge never before seen. Gary Milner, director of global digital marketing for Lenovo, the world’s largest PC vendor, is one such marketer.

Milner, who has lead the charge around programmatic at Lenovo globally over the past 12+ months, says one of the most meaningful ways to experience the value of programmatic in customer insights is through the ability to test messages and creative against different audiences to see which drives the most response and from whom.

“We have instituted testing into all of our campaigns using programmatic strategies which enables us to better segment our audiences, and hone in on messaging and creative assets that generate the greatest action at the most efficient cost,” said Milner.

From the use of its own CRM data to how the relationship with its agencies has grown, Lenovo is a great example of a brand that has really thought through how to organize around programmatic in order to leverage customer insights across online and offline strategies.

Q: What has been an eye opening experience with programmatic?

A: The biggest for me has been using programmatic to drive our brand consideration against the desired audience at lower cost. There is  no evidence that programmatic is less efficient at driving brand intent than premium properties. The overall impact is more lift per dollar spent with programmatic.

The other key impact is using data and audiences at the visitor level on Lenovo.com to build look a like models that can be  ingested into our buy platform. We have seen higher purchase intent by combining programmatic and site side data.

Finally it creates a beyond media behavior with PR even being able to participate to boost their PR video initiatives.

Q: How long have you been applying programmatic?

A: We’ve been engaging in programmatic for twelve months now, and we’re looking to scale up. Our strategies have evolved and our thinking has changed. We started in Europe, migrated to North America and now we’re in Australia. Longer term Asia is key.

Q: What are your campaign strategies in programmatic?

A: The strategies on the video and social side primarily focus on how to measure the brand lift and consideration against different properties. Looking at network versus premium versus programmatic, we’re engaging in creative testing, which needs to be planned at the start of the campaign. Programmatic is a great place to test a campaign pre-launch. We can test different creative, brand lift, and audience development strategies. We’re doing far more programmatic on the display side – mostly for e-commerce. We’re using a DMP, and we’re leveraging our CRM data to develop lookalike models.

Q: How are you leveraging agencies?  

A: Our global teams are in charge of the technology and strategies and our agencies help us execute and monitor the campaigns with an eye towards continuously improving performance.

Q: What percentage of your global marketing budget is going to digital?

A: At Lenovo, we don’t do a lot of TV. More than 50% of our marketing budget is digital globally. In the U.S., it’s primarily all digital. Incremental budgets are going to digital, not traditional.

Q: Do you have any advice for marketers on programmatic?

A: My best advice would be to structure how you’re going to test it. Every organization is organized differently. Marketers need to think about how to handle programmatic internally, as well as how to get their agencies involved for an end-to-end strategy.
The choices are trading desk, partially managed and self managed. The approach that a marketer adopts is driven by budgets, internal resource and overall  campaign goals. Regardless all brands should be thinking about premium vs programmatic media buying strategies.

TechnologyUncategorized

How to Create An Effective Educational Video

March 11, 2014 — by MediaMath

It may go without saying, but there’s really nothing like video. Ever since the first flicker of movement appeared on a screen, humans have been completely enthralled by the moving image. Which is why utilizing video content as part of a learning curriculum is a vital component to a complete learning experience.

Yet so many people stumble when attempting to create videos that are engaging, informative and timely – three key aspects of an effective video. In this article, we will explore some best practices that have been proven to make educational videos shine.

The A/V club

It may go without saying, but it really helps to have a sense of the people taking your class and anticipate their needs. Video has the advantage of reaching out to both audio and visual learners. Make sure that the video is engaging on both levels in order to reach a wider swath of your audience. Illustrative animation videos, such as those found on the NMI website, easily reach out to people of either learning style persuasion.

Content, content, content

When planning out an educational video, having a good script at your disposal is vital. Scripts ensure that you are capturing all of the information you need to share with your target audience. That said, a script should never sound robotic or forced. The tone should be light and conversational, while still navigating through a preordained set of carefully organized steps.

Likewise, remember when you are making this video. Ensure that all the information within your scripts are relevant and up-to-date, or even forward-focused, to ensure that your videos will be useful for the foreseeable future.

Keep it brief

Unless your name is Steven Spielberg, make sure to keep your educational videos brief and to-the-point. Less is always more in the world of educational video. When tackling several subjects, it helps to break up your content in chunks so people can access and tackle them on their own time.

Supplemental materials

Although your video will do most of the heavy lifting, providing supplemental materials, such as one-pagers, workbooks, or a list of key terms will give your students something to refer to both before or after class in case they have additional questions not answered within the video.

For more information or to sign up for a class at NMI, check out our website for a list of upcoming classes and times at www.newmarketinginstitute.com.

TechnologyUncategorized

A Programmatic Starter Kit

March 4, 2014 — by MediaMath

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With 85% of advertisers integrating programmatic into their media buying strategies, and 64% doing so aggressively, programmatic has made a tectonic shift from being the exception to the rule of our industry.

Marketers who aren’t yet part of this industry-wide movement know the advantages of harnessing and optimizing aggregated data intelligence. However, questions remain over how to use programmatic – not on a one-off campaign basis, but how to integrate it as part of a company’s DNA.

Imagine the marriage of data, media, ad serving, insights and analytics, and apps and services – the ultimate decisioning engine for driving successful marketing campaigns. Layer into that mix a tightly knit and educated internal team, a unified programmatic mindset across all business units, a strong agency partner, and a management structure that supports programmatic ideation – at scale – and you have the ability to get the most sophisticated media buying and data insights embedded into your marketing processes. Adopting and implementing new technology is only as effective as the individuals and teams within your organization that are trained in using it.

By adopting a solid programmatic framework that is woven throughout the entire organization, you have a smarter marketing machine with better tools to more accurately attune digital strategies and dynamic personalized campaigns that put the right message in front of the right consumer at the most opportune moment.

Here are some guidelines for layering programmatic into your organization:

  • Break down silos and align your teams online and offline​

For synergy, best practices, efficiency, achieving common goals, utilizing a shared technology platform, enriching the analytics process, creating a customer-centric perspective, and operational cohesiveness.

  • Get buy-in and support from the C-suite

​For better management oversight, stronger collaboration between teams, help in defining processes, unifying the technology, making more informed decisions, programmatic accuracy with every media and targeting decision, and a more unified organization.

  • Find an ad tech partner for a best-of-breed platform ​

For a stronger programmatic core, an educational partner, more sophisticated analytics, customer retention and acquisition, high-level learning, strong media and data partners, internal programmatic knowledge and best practices, and transparent insights.

  • Harness analytical brain power

For aligned goals, a combined knowledge base, employee empowerment, getting the most out of a technology platform, best use of data modeling, and a single view of the consumer.

  • Test, evaluate, be flexible

Define and adopt new processes, strengthen insights and learnings, know what’s working and what’s not, measure the performance of technology, aim for maximum performance, set business goals, feature and functionality improvement, and monitor dips and peaks in performance.

Call it autonomy, synergy, or call it creating the groundwork for a programmatic-focused infrastructure. Regardless, team structure, aligned goals, and putting programmatic technology at the center of an organization’s universe is the only way to harness and utilize big data in a way that will render desired results every time.

Download this checklist of questions that will set you and your organization up for programmatic success.

TechnologyUncategorized

A Marketer’s Playbook for Programmatic Touchdowns

February 25, 2014 — by MediaMath

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Seahawks coach Pete Carroll employed tried and true offensive strategies to win at Superbowl XLVIII. He did so by implementing the right plays with the right players at the right time.  His playbook guided his strategies. When it comes down to it, marketing isn’t really that different.

As a marketer, it’s important to evaluate the structure and the skills of your team members and your players, in order to succeed time and time again.  Just as a football team with players that aren’t coordinated, an organization with siloed departments will be inefficient and eventually fumble.  This is especially important in today’s game of programmatic marketing.  Strategically setting up your marketing teams – and marketing practices at large –  to harness the value of programmatic buying is a sure way to win.

Many digital marketing teams have already organized themselves into programmatic powerhouses, a smart play given that programmatic is the future.  According to Winterberry, 85% of advertisers are currently deploying real-time bidding strategies today – and 64% are doing so aggressively; while Magna Global reports that global programmatic buying is expected to “triple to $33 billion by 2017.”

Once you step up your offense by creating a strong organizational structure, you can run a  custom programmatic playbook which  enables you, as marketing  coach, to create a core set of plays specific for the overall brand.  Such plays include:

•    Data plays
•    Channel plays
•    Optimizations plays
•    Message plays
•    Contextual plays

With a strong programmatic team, you are able to identify the publishers working for you, the most effective data sources and the creative messaging that draws your customers back.  More specifically, you’re able to test, in real time, how tools like remarketing, reactivation of lapsed buyers, and activation of an event work so you can create a campaign that meets, and exceeds your benchmarks.

Furthermore, once you’ve defined the plays, you are able to drill down and further customize them for specific products, brand teams or business objectives. Finally, just like that football coach re-watching play after play on the projector, you’re able to revisit campaigns in order to evaluate and optimize for greater results.

Click here to see how to best organize your teams, in conjunction with programmatic systems, in order to win time and time again.  Touchdown!

TechnologyUncategorized

The Powerful Triumvirate of Advertisers, Agencies, and Ad Tech

February 13, 2014 — by MediaMath

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Mike Lamb, CCO, recently published an article in iMedia articulating how MediaMath believes that agencies, ad tech and technology providers can work together in harmony.  Read the excerpt of the article below; click here for the full piece.

As digital spend continues to grow and programmatic marketing moves from the exception to the rule, forward-thinking brands will look to build marketing capabilities with the underlying technology. As many as 50 percent will evaluate direct technology relationships in the coming year or are currently working directly with a technology platform to buy media programmatically, according to a recent survey by the CMO Club. Benefits include greater comfort deploying first-party data, better integration with internal systems, and normalized measurement across disparate media and campaign types.

TechnologyUncategorized

5 Things Marketers Need to Know When Using Contextual For Big-Ticket Events Like The Olympics

February 4, 2014 — by MediaMath

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With the Winter Olympics quickly approaching for a three-week programming span, it’s a good time for brands to evaluate how they’re using contextual targeting to their absolute benefit to reach viewers of big-ticket events.

For digital marketers who plan to ramp up spend prior to the Olympics, there are numerous opportunities for using contextual targeting to access premium placements at a much lower price point. By using some of the deep contextual insights gained by algorithmic solutions provided by MediaMath partner Peer39, brands can expand their targets to reach a secondary audience of consumers who are not currently using their brand but who would be potential users

To tap into this varied consumer market, Peer39 created a special events category aggregating all topic and performance content from its high-level taxonomy. The Peer39 solution identifies pages within top-level domains that are specific to the event to help MediaMath brand marketers hit their advertising goals. Tools called “grabbers” read and extract that content and then properly classify it to apply to corresponding attributes.

Through the lens of contextual targeting, big-market events generate a rich source of trending behavioral topics – food and beverage, arts and entertainment, commercial replays, news, sports-related business, etc. – that touch on different areas of interest related to the event and provide a prime opportunity to push out brand awareness for new or existing products.

Marketers have ample information at their fingertips with which to execute persuasive, consumer-specific campaigns aimed at these event enthusiasts, where brands will see the most retention and viewership. In the case of the Olympics, viewing habits tend to be ritualistic, and there is huge loyalty to specific sports segments of the event, such as figure skating, short track, ski jumping, etc.

To prepare for launching a contextual targeting campaign for the upcoming Olympics or the next high-profile event, digital marketers should consider the following:

  • Take action and prepare strategically for robust contextual targeting execution
  • Make sure you have the budget to spend – there is formidable competition in line to capture these high-profile placements
  • Be aware that each display unit within a page has a value, and you need to assess that value and what it means for your brand
  • Know the “big picture” outcome and the goals of your campaign – are you trying to drive click-through rates, awareness, etc.
  • These events are a great opportunity for conquesting competitors – so don’t miss out!

Through the MediaMath OPEN partnership, Peer39’s technology is page level, so it will identify the most relevant URLs within a domain that corresponds to the activities or interests of the contextually targeted consumer. Through this inventory, Peer39 is able to support buyers and identify the pages deep within the domain that get typed into browsers as event-focused consumers are surfing for related interests, identifying interest and  topics at a high level.

Top and sub-level classifications surrounding big events are typically diverse and more than just about the event itself. Touch points can include cooking, food and beverage, party organizing and entertaining, commercials, home entertainment, arts and entertainment, all the way to the sport figures and performance, viewing parties, news articles, and provide a gold mine of contextual targeting opportunities for advertisers.

For more information about Peer39 and OPEN visit:
https://open.mediamath.com/partners/peer39

See how MediaMath can help with your retail goals here.