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DataUncategorized

Gaining an Edge in Data-Driven Marketing

November 13, 2015 — by MediaMath

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This article is authored by Saurabh Dangwal, Vice President, APAC, MediaMath, and originally appeared on ComputerWorld Malaysia. 

Everywhere around the globe, across all markets and industries, data truly matters.

In a recent global research study done by the The Winterberry Group and Global DMA, 80 percent of the marketers, technologists and service providers surveyed said that data is crucial to the deployment of their marketing and advertising efforts.

Data for businesses has evolved from merely providing learnings, to giving answers and driving actionable insights. Increasingly, businesses are moving towards a smarter, more consumer-centric approach, and this can only be done with gathering insights from data.

But in order to be truly data-driven, what are some of the key trends that marketers need to consider?

It’s all about the consumer
As consumers increasingly expect better targeted and personalised communication, moving from a Channel-Centric approach to Audience-Centric marketing just makes good business sense. For evidence, the increased usage of ad blocking technology is a direct reaction of consumers being delivered irrelevant and inappropriate advertising messages.

To meet this expectation, businesses rely heavily on their marketers to know all they can about their customers, and to be able to interact with them effectively.

Read the rest of the article here.

CultureDataPeopleUncategorized

Using a Data-Driven Model for Talent Management

November 12, 2015 — by MediaMath

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At MediaMath, we care deeply about data. Whether it’s first-party, second-party, real-time or historical, data informs marketing decisions for our clients and helps them meet their target customers at exactly the right place in their buying journey. We also believe in the power of data for cultivating the talent of our most important asset: our people.

Our organization has grown tremendously since its founding in 2007, and we have had to rethink how we attract, retain and grow the right talent with a few extra hundred people. Our new approach has centered on aligning key employee competencies with business goals and using a data-driven model to manage talent. The overarching trifecta we have set after matches the same goals we aim to deliver to our clients: outcomes, transparency and control.

Outcomes

We’ve done goal-setting before and previously used our Math Values to evaluate employee performance. In an effort to establish a more streamlined approach to measuring the impact of every individual based on their achievements on goals and their behavior on competencies, we have introduced the Performance Assessment and Competency Evaluation System, or P.A.C.E.S. The data we will use as inputs for this model are employee goals and our new MediaMath core competencies, which are inspired by our Math Values.  We hope this new approach allows us to have a more clearly defined pay-for-performance model that rewards based on outcomes. However, we’ve yet to complete a full cycle of this new method, so stay tuned for a follow-up post evaluating our results in the New Year.

Transparency

This year, we instituted our new human resources information system Namely company-wide so that each employee’s goals are transparent to their colleagues. We believe strongly that having access to other individuals’ and departments’ goals will lead to a greater whole, aligning everyone with our overarching MediaMath business goals. This fall, we will also institute 360-degree reviews for all employees to be assessed on their alignment with our MediaMath competencies so that they get input from multiple sources to help make them even more successful at their jobs.

Control

At MediaMath, we invite employees to take the reins of their careers by setting their own goals twice a year. Each goal should be an individual one that aligns with a departmental or company goal. Many of these goals include metrics that help drive better overall business processes, such as getting a product to launch on time or integrating supply sources, in the same way that we use data-driven marketing to deliver better business outcomes to our clients.

Just as we view our advertisers’ campaigns, MediaMath is taking a humble test-and-learn approach to talent, where we will use data from multiple sources to help steer individual employee career paths and collectively drive toward our business goals. We’re confident based on past successes on a smaller scale that this new way will set us out on a better course that leads to success at scale. Stay tuned for follow-up posts on how our new approach is going in the months to come.

EventsTrendsUncategorized

Latin America Meets the New Marketing Institute

November 11, 2015 — by MediaMath

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Over the past year, a digital revolution has taken place in Latin America in the form of programmatic marketing.  As opposed to already developed regions like the US, the introduction of automated technologies in Latin America was not a slow and steady process. It was quick. It was immediate. In many ways, it was an explosion. At a first glace this may seem like an advantage, and, in some ways, it is. We now have the ability to optimize to ROI and CPA in order to go beyond mere clicks, leverage and activate meaningful first and third-party data, have complete transparency and control over the media we buy and leverage private marketplaces to access readily available media strategies. All of these amazing advancements sit under the banner of what we like to call “the programmatic promise.”

However, this also means that the region must adapt at a faster pace than other markets in order to unlock this potential. For programmatic to be successful, you have to know what it is and how it works. This means that strategic and intentional educational efforts are not just “nice to have;” they are imperative.

In Culture and in Language

A quick survey of the digital marketing landscape reveals a few others that offer similar services to the New Marketing Institute in terms of educational services.  However, they lack two key differentiators: language and implementation. Most digital professionals in Latin America speak and understand English. However, it is not their first language. The actual context and meaning can be lost in translation between English and Spanish or Portuguese. Also, many courses promote the ease of self-paced learning through recordings and documents available on-demand. By its nature and history, Latin America is a region in which learning and development is based on hands-on, personal and storytelling-driven approaches. While markets like the US are more accustomed to and familiar with online learning, these same modules in Latin America are not the preference.

MediaMath and New Marketing Institute Answer the Call

Understanding the importance of education in the market, the New Marketing Institute has taken its award-winning curriculum and approach to fit the needs of the region–starting with MediaMath’s own clients. On November 11th and 18th, MediaMath clients will have the chance to attend TerminalOne Platform training by dialing-in from all across Latin America to live Spanish-language trainings.

The New Marketing Institute educates, engages and empowers the new generation of digital marketing professionals while creating a community for all things new in digital. NMI offers several certification courses for both industry veterans and those new to digital marketing. NMI’s modular courses are designed to provide a customizable learning experience to meet learners wherever they are in their career. NMI’s highly interactive, blended-learning approach to training engages all kinds of learners with relevant, up-to-date content in the digital market.

NMI is proud to offer courses across the globe and looks forward to continuing to expand their multi-lingual offerings in 2016. Look out for digital marketing and programmatic course offerings in Spanish next year. These courses are open to anyone interested in becoming an NMI Digital Marketing Certified Marketer.

The Road Ahead

Programmatic offers insights and optimization that we have only begun to imagine. Understanding how to use it is just the beginning. Nonetheless, we applaud the advancements and efforts from everyone across the globe and look forward to the evolution of the market. MediaMath has the privilege to work with some of the brightest and most innovative professionals throughout Latin America. MediaMath and NMI strive to provide the resources and trainings that will bring marketers the outcomes, transparency and control that will take this revolution to the next level.

[author type=”registered” username=”Francisco Garcia”]

[author type=”registered” username=”Laura Rodriguez-Costacamps”]

TechnologyUncategorized

Publishers And Marketers Are Anteing Up – And Networks Are Folding

November 9, 2015 — by MediaMath

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This piece originally appeared on AdExchanger. 

Pubs and brands have complained about programmatic inventory on open exchanges for years, but a renewed focus on inventory quality is gaining traction.

AppNexus has long positioned itself as the platform for ad networks, but it reversed its policy in recent weeks by removing ad networks that don’t provide direct publisher or seller relationships.

Shortly after, Facebook’s LiveRail banished some ad networksbecause “LiveRail is shifting its business focus toward quality, direct-publisher relationships.”

Brands and publishers are increasingly bringing effective first-party data into their digital buys, and they want certain levels of performance and reliability on the open exchange.

“The true buyers and sellers are demanding a flight to quality,” said Sam Cox, MediaMath VP of global media partnerships. “For buyers, every remove means there’s more risk, and more margin disappears. You cut out all that noise, and it increases yield without affecting advertiser price.”

Of course, when Facebook and AppNexus cut out ad networks, it creates an immediate reduction of inventory and revenue. But it’s a hit they’re willing to take in order to ensure long-term growth.

Read the rest of the article here.

EventsTrendsUncategorized

ad:tech NY 2015: It’s All About the DIP

November 6, 2015 — by MediaMath

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Day 1 of ad:tech NY set up the theme of getting back to the core of marketing, seeing past the bright, shiny objects and new technology constantly at our fingertips. So what should marketers be focusing on to keep them true to their mission? According to a few presentations and panels on Day 2, it’s three things: data, innovation and people, otherwise known as DIP. Here are a few points of wisdom from ad:tech Day 2 on how to take advantage of all three areas in your marketing efforts.

Data

In a time when advertisers are being prompted to embrace data-driven marketing, several presenters cautioned against devaluing people-based marketing in place of data. “Big data should supplement your judgment, not replace it,” said John Costello, President, Global Marketing and Innovation, for Dunkin’ Brands, Inc., during his lunch-time keynote. “Big data is not a strategy. It’s a tool but it’s not a strategy.” The data you collect should be used to create messaging that is relevant, authentic and contextual.

Innovation

Costello posed an interesting question during his keynote: What’s the right role for technology when traditional marketing continues to work well?

In the separate session “Bottom Line Branding: Optimizing Mobile and Digital for Deeper Consumer Engagement,” David Rosenberg, Managing Partner, IPG Media Lab, provided an answer: “Start at the place of business, not of innovation.” In other words, marketers should focus on their or their clients’ end goals, such as revenue, and then consider the technology that will help get them there. Costello put it another way through the lens of staying authentic: Identify your core values, and then assess how the tactics are changing to maintain those values.

With more budgets out of the CIO’s office and in the CMO’s, more advertisers are considering technology  providers to help them meet their goals and innovate, said Jay Henderson, Director of Offering and Product Management, IBM Marketing Cloud, during the panel that followed Costello’s keynote. The way of the future, he said, would see marketers creating, customizing and working with a portfolio of technology from various providers to meet their goals and drive competitive advantage. Joseph Jaffe, Founder and CEO of Evol8tion, warned that adopting a culture of smart innovation takes time, and that marketers should avoid being paralyzed by choice and the “bright, shiny object” syndrome.

“Change and adaptation is an art,” he said.

People

People had two meanings in the presentations on ad:tech Day 2. Most speakers talked about people in terms of current and target customers and thinking beyond segments. During the panel “Who’s Your Customer? Building Audience Profiles to Better Sell Your Product,” one participant said that the most valuable signals are why a customer is knocking on the door of your brand (whether on your site or in your store) and what they actually want in terms of product or service.

But it’s also important to consider who you’re selling to if your brand is about an aspirational experience. In that case, one target customer or persona is the muse, and the other is the actual buyer. They will likely have very different demographic makeups and desires. As one panelist pointed out, if you have a supermodel advertise a clothing line for your store, it’s not other supermodels who are your target customer but women who aspire to have a similar lifestyle and look to this first population. Also make sure you’re loving your current, loyal customers enough, Costello cautioned, with offers, discounts and exclusive new products.

But “people” also means your own internal team and partners. Costello reminded the audience during his keynote to build strong teams with individuals that challenge one another to be better. “Are you surrounding yourself with people who are smarter and better than yourself?” he asked.

Food for thought—see you at ad:tech NY 2016.

EventsTechnologyTrendsUncategorized

ad:tech NY 2015: Getting Back to the “Why” of Marketing

November 5, 2015 — by MediaMath

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In a forever-changing industry like ad tech, it’s easy to get caught up in the latest technology, trend or shiny new toy. Much like the IT industry before it, ad tech (specifically, the evolution of programmatic) has instilled in marketers a tendency to treat the tech and methods and metrics at their disposal like an unlimited buffet—fill up the plate now and figure out if there’s an appetite later. In an acronym-laden landscape, there’s FOMO (fear of missing out, for those not in “the know”) on how the latest and greatest approaches can drive competitive advantage.

But during the first day of ad:tech NY 2015 at the Javits Center, some seasoned marketers encouraged their audiences to take a more measured approach to the ad tech they are welcoming into their brands and agencies. “Marketing is about a brand plus a brand plus a customer,” said Julie Clark. VP, Programmatic Sales at Hearst Core Audience in the session Understanding Programmatic Advertising in 50 Minutes. “Don’t get hung up on the sexy stuff.”

Clark prompted the audience to keep the essence of marketing at the forefront. For example, “Do you really need to worry about viewability for your KPIs?” she asked. With each step of the way, she said, marketers should remain fully integrated with what a brand’s strategy is, and make all decisions from that place, not a place of “I’m going to miss out if I don’t do everything.”

Do you agree with Clark’s marketing mindset? Why or why not?

We will be at Day 2 of ad:tech NY today. Follow our tweets @MediaMath with the hashtag #adtechny.

CulturePeopleUncategorized

The Infantryman and the Marketer

November 4, 2015 — by MediaMath

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A year into my role here leading reporting and analytics product management within MediaMath’s audience management capabilities, I’ve learned a lot about analytics, data storage and management and audience targeting. While I came to this role due solely to the trust my team was willing to place in me after a thorough interview process, I don’t come from an ad tech background per se. In fact, working at MediaMath was a career change after five years in the military and two years working at an education-related nonprofit. But during this year, I’ve learned that MediaMath and ad tech share a lot of similarities with the military–from the tools we build that power a deliberate decision-making process and unlock real-time understanding and responsiveness for our customers to how we apply an after-action review process as a foundation to agile development.

The military has a very defined process by which large decisions are made. It’s called, not so subtly, the Military Decision Making Process. The steps are:

  1. Receipt of Mission
  2. Mission Analysis
  3. Course of Action Development
  4. Course of Action Analysis
  5. Course of Action Comparison
  6. Course of Action Approval
  7. Orders production, dissemination, transition

As a former Infantry Officer, I had a chance to interact with this process both from below and from within. As a platoon leader in Baghdad in 2006, I executed orders to clear certain neighborhoods, find a specific influential person or set up a combat outpost in a new area of operations, all orders which had gone through this decision-making process at a much higher level, eventually trickling down to my platoon with a simple task in a complex environment. Later in 2009, while working on the staff that served as the operational command for all of Iraq, I saw how the 40+ different staff sections did the difficult thinking and war-gaming (think A/B testing) that supported large efforts for those doing the work on the ground.

Here on the Audience Management team, we are building tools that allow our customers to go through this same thoughtful and deliberate decision-making process, including mission analysis, Course of Action development and Course of Action comparison leading to an executable strategy. For example, our segmentation capabilities allow our customers to learn about their audience in a way they never could before. In a way not meant to be dramatic, understanding people on a very personal level while walking through the Ghazaliya neighborhood of northwest Baghdad influenced the goal and the method of our missions in the same way that understanding the audience of a strategy will influence the goal and method of any particular campaign. Without that intelligence, the infantryman and the marketer risk applying the wrong resources, in the wrong place, with the wrong message.

Our audience management tools unlock the segmentation and deep understanding of audiences through three main features:

  • Sequential targeting surfaces users based on a pattern of behavior.
  • Relative recency allows T1 customers to respond to lessons learned about timing and effectiveness in an agile-marketing way.
  • Overlap analysis exposes linkages between groups that may not have previously been known.

Additionally, our real-time segmentation enables our customers to both understand their audience by size and behavior but also to see immediately when and where they’re having the greatest effect with the greatest efficiency of effort. On the battlefield, we need troops everywhere but are limited by time and space, and one soldier standing alone isn’t effective at anything close to a 160-man infantry company acting together. In an ad campaign, massed effort that is informed by real data drives real results.

As the chief marketing officers that rely on T1 create different courses of action for their next marketing campaign, our tools allow them to do Course of Action Analysis like never before–not with guesses but with real-world data in a real-world environment. The military would dream of this kind of ability to control environmental variables and forecast ‘What would happen if…’ Our Segment Performance Report, for example, relies on an industry-leading even-level data store and powerful logic design that allows customers to build a segment today and see exactly how that segment performed in a past campaign. No guesswork. Real data. When combined with real-time segmentation, the Segment Performance Report allows marketers to dive deep into each course of action, compare multiple courses of action and then precisely apply the right media to the right audience at the right time.

Finally, after analysis and Course of Action selection is complete, our customers are able to seamlessly turn those ‘orders’ into a campaign immediately. Through an integrated workflow that allows for segment creation and immediate targeting, a marketer with MediaMath in their back pocket is able to instantly respond to market conditions with the right media, to the right audience, at the right time. This ability to decrease the decision-to-action timeline is prized in marketing as much as it is in the military. The most powerful tool in any military operation is not the tank or the computer system, but the man or woman behind it, because with their boots on the ground, they can see and respond to their environment immediately.

The infantryman and the marketer are trained not only in skill but also in judgment, both of which require a humility and willingness to test and to learn and to try again. T1 unlocks this decision-making process for marketers in real-time, with greater depth of knowledge that empowers more informed, effective and efficient marketing campaigns.

As I’ve made this personal shift in my career, I’ve learned that the building blocks of mission success are consistent across industries. Understand completely, plan thoroughly and react decisively in a rapidly changing environment, and your strategy will deliver success.

TechnologyUncategorized

As Ad Tech And Mar Tech Converge, MediaMath CEO Joe Zawadzki Prefers Partnerships Over Acquisitions

November 3, 2015 — by MediaMath

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This interview appears today in full on AdExchanger. 

It seems every time there’s a partnership between a marketing tech company and an ad tech vendor, MediaMath is involved. Its most recent hookups: Oracle and IBM.

When working through the technical and logistical intricacies of these integrations, MediaMath CEO Joe Zawadzki takes a back seat, seeing himself as “champion and cheerleader.”

“My role is at the strategy level,” he told AdExchanger. “How is this convergence of ad tech and marketing tech going to play out?”

Since it was founded in 2007, MediaMath has built a long supply chain of addressable media, mostly through more anonymous channels of online display, video, mobile and native inventory.

But advertiser demands are changing.

“The industry wants to treat customers and prospects consistently across all touch points and stages of the customer journey,” Zawadzki said.

This change happened in increments. Early adopters experimented by applying first-party data to online advertising, using information about known customers to reach them in environments where they typically think of themselves as anonymous. That resulted in practices like retargeting or CRM matching.

Those connections are only deepening, hence the recent collision between ad tech and marketing tech. But what’s the next stage? The ad tech world is notoriously unstable, and marketing tech firms like IBM and Oracle aren’t shy about acquiring.

Zawadzki spoke with AdExchanger.

Read the rest of the interview here.

DataUncategorized

7 Analyses You Should Run Before Your Holiday Campaigns

November 3, 2015 — by MediaMath

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Have you ever taken a long road trip in your own car? Did you just hit the road, crossing your fingers that your car would be just fine for the several-thousand mile journey without checking to see if it needed an oil change, a tire rotation or a fuel filter replacement? It’s more likely you gave it a proper tune-up to ensure you’d be able to hit your destination smoothly and efficiently. The same goes for your holiday campaigns. Before you set out to drive those Q4 conversions, you need to make sure everything under the hood is optimized for the best performance. Here are seven analyses we recommend advertisers run as they prepare for their holiday campaigns.

  1. Site traffic analysis: Understanding how much you can expect your site traffic to increase in Q4 is critical to determine the necessary budget for your advertising efforts to maximize your returns. Compare year-over-year (YOY) monthly traffic to calculate total annual traffic growth, as well as recent monthly traffic trends to identify seasonality and recent growth trends.
  2. Audience analysis: Discover “who” your users are. Leverage demographic audiences provided by various data vendors to identify the characteristics of users that index highly when compared against the general population.  This analysis can be preformed for users served impressions, users that visit your site or, even more specifically, users that converted.  Knowing these top-indexing segments can help tailor your overall marketing strategy, as well as target those specific segments to power performance for your prospecting campaigns.
  3. Pricing analysis: Monitor how CPMs fluctuate throughout Q4 as closely as possible. If you see a spike in prices during certain times, consider raising the maximum bid so that you’re not missing out on valuable impression opportunities.
  4. Publisher site analysis: Which publishers are best for driving conversions? Compile a lists of sites where impressions have served, including metrics such as impression count, CPM, clicks and conversions. Use this list to identify high-performing sites that you should consider for accessing more premium inventory via the private marketplace.  Use more recent campaign publisher performance data to reflect the current marketplace, however, if historical site data is available, identify site trends to better predict the demand and CPM during the Q4 period.
  5. Device and channel analysis: See how recent consumer behavior differs by day of week, time of day, device and channel. Make sure you have access to all channels—social, mobile, display and video—in order to maximize your reach and ensure you’re not missing out on performance.
  6. Site interaction analysis: Examine how users interact with your site, such as how long they’re on it before converting and what sub-pages they visit and in which order, in order to optimize to which types of creative and messaging to serve to different users on your site. This can increase engagement and lead to better performance.
  7. Geo-targeting: Compare performance across geographies (such regions, states and zip codes) to identify populations for which to increase targeting, budget or show localized messaging through a variety of channels.

[author type=”registered” username=”Renee Engelhardt”]

[author type=”registered” username=”VarshaVenugopal”]

 

TechnologyUncategorized

Harnessing the Power of Programmatic

November 2, 2015 — by MediaMath

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Janicke Eckbo is Commercial Director for MediaMath across the Nordics. Janicke recently wrote an article for Norwegian publication Kampanje, where she discussed the opportunity programmatic offers Norway and outlines the core practices marketers need to incorporate to achieve optimal results – below is a translated summary. You can view the original article in Norwegian.

Technology has transformed the advertising landscape, creating infinite possibilities. Even for experienced agency hands and marketers, navigating the vast array of new solutions and terminology can be intimidating and complex. Yet these tools are becoming essential in delivering truly customer-centric marketing in a world where connected devices are generating more information about consumers than ever before.

Programmatic buying ensures ads are served to the right consumer, via the right channel, at the right time. By delivering tailored messaging to the individuals most likely to engage with the featured product, marketers increase the chances of conversion. Without the wastage of targeting indifferent consumers, they can also maximise budgets and achieve the optimum return on investment.

Data is at the heart of programmatic’s impact. The valuable insights mined from data enable audience segmentation, contextual targeting and efficiency to be vastly improved. By using new streams of data to constantly adapt and refine messages, campaigns can be adjusted to ensure they are continually relevant and impactful for individual consumers.

Programmatic technology offers marketers in Norway the opportunity to greatly improve performance, but the right implementation is paramount. To achieve optimal results, marketers must incorporate the following core practices:

Adopt a customer-first strategy
The digital revolution has forever changed the path to purchase and heightened consumer expectations. Modern consumers expect to complete purchases across a range of different devices and to take their details with them. To successfully adopt programmatic advertising, it is essential for marketers to cater to the needs of omni-channel consumers by utilising first and third-party data.

With consumer information at their fingertips, marketers can provide shopping experiences that are not only personal, but also helpful. Data about past purchases can be used to make tailored recommendations regarding related products, and previously abandoned purchases can trigger unique offers. Using programmatic technology to the fullest extent requires interconnected campaigns that deliver a consistent experience from initial interest to final conversion.

Link programmatic into the business trajectory
As brand awareness becomes a crucial business goal, marketing departments are falling under scrutiny. Advances in technology are pushing performance metrics up the agenda and pressure to prove ROI is growing. This makes it essential for marketers to link their programmatic marketing goals with overall business KPIs from the start.

By embarking on campaigns with an aligned measurement strategy, marketers can provide tangible evidence of their impact on key business metrics. Sophisticated programmatic technology goes beyond purchases to monitor the wider influence of ads at each stage of the customer lifecycle. Marketers can track the effect of ads on a variety of metrics — such as social media, website traffic, brand loyalty and engagement — in meticulous detail. This allows marketers to demonstrate their effectiveness and assist businesses in making their goals a reality.

Foster a programmatic-friendly culture
Confusion is the fastest route to opposition and education is vital to ensure that programmatic adoption is met with enthusiasm. The responsibility of making automated technology accessible rests on the shoulders of tech providers. But while industry leaders are striving to demystify the basics of programmatic, bewilderment still abounds.

Marketers must therefore work within their organisations to promote greater understanding of programmatic and its ability to enhance advertising success. By increasing awareness of the improved targeting, relevancy, efficiency and reach of programmatic, marketers can encourage wider implementation. Marketers can also advance their knowledge by attending valuable industry events. For example, experts recently gathered at dmexco — the European hub of ad tech — to share their knowledge and drive industry advances.

As the advertising world moves further toward digitalisation, marketplaces that do not adapt to the latest technologies are at risk of being left behind. Debunking the myths of complexity and enhancing understanding of programmatic technology is vital to help marketers make programmatic a key part of their business culture. The marketing industry in Norway has the tools, people and resources to make great strides towards the forefront of advertising progression. The time is now to harness the power of programmatic.