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#MWC 2018: 5G, Transparency and Snow

March 9, 2018 — by MediaMath

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The three hot topics of discussion at this year’s Mobile World Congress was 5G connectivity, transparency and of course…snow.

Let’s start with the last one — we’re talking about Barcelona, Spain where it was cold, wet, and it even snowed!

Despite the unusually cold weather, the promise of 5G was one of the most talked about trends at the trade show. 5G is the new generation of mobile technology, promising gigabit per second speeds, all without wires. While 5G deployments are still rare, that didn’t stop vendors from showcasing their vision of the future.

And 5G promised to redefine mobile in very dramatic ways. Despite the usual mobile phone launch fanfare, 5G developments and the Internet of things (IoT) technologies promised to open a new ecosystem of interconnected devices ranging from connected homes, cars, AR/VR devices, and even connected cities. In this new world, mobile phones are no longer at the center of consumers lives — it became just another device with a vast array of digital access points.

Of course, there was adtech too. At times, it seemed like the glory days of adtech were in the past. But then again, we saw glimpses of a thriving ecosystem that refuses to give up to the dominance of the walled gardens.

The walled gardens certainly made a mark in the show, but it was the telco sector that provided the highlights for ad tech, in my opinion. Ericsson launched Emodo, a mobile advertising platform for telcos powered by its own people-graph. Tapad also launched its version of a Customer Data Platform (CDP), promising operators the ability to deliver marketing and loyalty programs to leverage their very valuable subscriber data.

Another hot trend for ad tech was location data. As expected, we saw A LOT of vendors offering their own versions of location data: IP-based location services, location-based audiences, location attribution, location-verification services, “tower-powered” location data, you name it. But after spending time with many vendors, one thing became really clear: there wasn’t a lack of vendors, but very few offered full transparency in the way they source their data, and how they model and scale audiences.

And of course, there was the theme of trust and transparency. Not surprisingly, being in Europe, the buzz word was GDPR. As May 25th approaches, some claimed 100% compliance, and others weren’t so sure. But what all participants agreed with was that GDPR is a welcomed development for the industry.

Mobile World Congress never disappoints. This year there was new tech coupled with lots of hype. But there’s hope that we are finally moving towards a more transparent and balanced ad industry, where brands and consumers needs are equally at the forefront.

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Celebrating International Women’s Day

March 8, 2018 — by MediaMath

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“You get in life what you have the courage to ask for.” – Oprah Winfrey

This quote resonated with me on so many levels as we celebrate the social, economic, cultural, and political achievements on International Women’s Day (and everyday thereafter).

Having the courage to ask for what you want is a muscle that needs to be developed and flexed often (even when it feels uncomfortable) in order to build your confidence and begin to amplify your inner and outer voice so that you can ask for what you want, from yourself and from others. As I reflect on my journey both personally and professionally on International Women’s Day a few things come to mind as I continue to flex my leadership muscle so that in time it will become muscle memory, still a work in progress…

How do I ensure that my voice is heard?

• “Meeting People Where they Are.” Your ability to listen and connect with others through experiences, differences and shared interests is critical in order to build trust.
Show Respect. We are all humans. We all have feelings and are striving for acceptance and success. Be respectful of everyone and show that you are honest in your intentions. Respect creates respect.
Be Heard ‘Speak Up and Stand Tall.” Understand that being assertive shows professionalism and is different from being pushy and arrogant.
Understand your own communication style. Be creative and be open to new ways and ideas. Each of us has our own communication style, and we communicate and process information differently. When you want to communicate effectively, know your style and as well as your boss’ and your teammates’ styles. The goal is to understand one another, to listen, and to be heard.

As an African American female leader at MediaMath, I strive to elevate the conversation (through action) around diversity and inclusion as well the Adtech industry as a whole. Diversity should be a critical component of the innovation that leaders are driving in their organization, and it can and should be a competitive advantage for them. Research shows that diverse groups outperform homogeneous ones.

Since joining MediaMath in January of 2012, and launching the New Marketing Institute (NMI) shortly thereafter, creating a diverse global team of amazing industry and training professionals and practitioners was very important to me to ensure that we could truly “meet the learner where they are.” We continue to set the bar high and strive for excellence in developing and retaining diverse talent, award winning curriculum and a learning environment that truly meets each person where they are in location, language, learning style and level of experience. Having trained over 18,000 participants since the launch of NMI in 2012, having our 8th MEP (Marketing Engineer Program) cohort join the MediaMath family a few weeks ago and placing over 100 Marketing Engineers into full time roles since the launch of the program in 2014.

I believe that as a leader and as a company we continue to take small steps in our diversity and inclusion efforts, celebrating Women in Technology (WIT) at MediaMath and celebrating our differences that binds us all. It’s humbling and encouraging to be part of a company and a team that values diversity and inclusion and continues to take steps toward creating a culture and environment that truly reflects the clients that we serve.

“The key to realizing a dream is to focus not on success but on significance — and then even the small steps and little victories along your path will take on greater meaning.” – Oprah Winfrey

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Monthly Roundup: Top 5 Most Popular Blog Posts for February

March 6, 2018 — by MediaMath

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Check out our most popular blogs for February below:

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18 Programmatic Trends for 2018

February 26, 2018 — by MediaMath

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When programmatic turned 10 last year, our CEO Joe Zawadzki shared his thoughts on what the next 10 years could look like: “Programmatic in 10 years’ time kind of disappears. It will be the way that marketing is done as opposed to being one of the ways marketing is done.”

If the 2018 programmatic trends are any indication of this shift, then programmatic is certainly on its way to be the only way marketing is done in 2027. Check out these predictions from around the globe below:

1. Four in five US ad dollars will transact programmatically in 2018 reflecting a 20% YoY growth (eMarketer).

2. In 2018, US programmatic investment on mobile will reach $30 billion+, over 3x the amount spent on desktop (eMarketer).

3. Increased demand in the US for more “native” experiences will drive programmatic native spend, reaching $24 billion+ by years end compared to $13.24 billion in 2016 (eMarketer).

4. The continued shift in TV viewership toward more IP-connected device will fuel an 85% increase in US programmatic TV ad spend (eMarketer).

5. Marketers will assume automated, data-driven ad spend in 2018. Mature markets throughout Europe will see this play out most (The Drum).

6. In 2018, the UK will remain the dominant advertising market in Western Europe, with $15.95 billion expected ad spend (eMarketer).

7. By 2018, $3.1 billion is expected to be spent on programmatic in the UK (eMarketer).

8. Digital-out-of-home ads traded programmatically are expected to grow at the same rate as ads that are traded programmatically online in the UK (eMarketer).

9. Spend on mobile programmatic will reach about $570.48 million in France, as spend continuously grows throughout 2018 (eMarketer).

10. Despite Germany’s reluctance to dive into programmatic marketing, spend has grown significantly over the past two years. Programmatic will be worth almost $1.55 billion by the end of 2018 (eMarketer).

11. 59.2% of the population in Latin America will have internet (eMarketer).

12. Latin American media owners’ net advertising revenues (NAR) are expected to grow by +9.3% in 2018 to US $26.3 billion, following a +7.3% growth in 2017.

13. Latin America will be the fastest-growing region for consumer spending, with compound annual increase of +9.7% into 2019.

14. Brazil’s advertising market is expected to grow $1.56 billion in 2018 and advertising sales in Argentina will grow by +24% to reach 100 billion pesos (~$6.7 billion) (Portada Online).

15. Social media will grow by +30% and digital video by +33% in Latin America next year. Search (+21%) remains the number one media type with 36% of total digital ad sales (eMarketer).

16. Total digital marketing spend for the APAC region in 2018 will be around $61 billion (eMarketer).

17. Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will see digital ad expenditures increase by double digits in 2018 (eMarketer).

18. By 2021, digital ad expenditures in Singapore will total roughly $520 million, with mobile accounting for 81.7% of all digital spend (eMarketer).

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GDPR Readiness Statement

February 14, 2018 — by MediaMath

MediaMath intends to lead the industry in supporting the opportunities GDPR provides to deliver the consumer-centric solutions our clients have come to expect and value.

MediaMath is committed to protecting consumer privacy and believes that the best foundation for the future of advertising will come from providing consumers with granular transparency and choice. We see the GDPR as an opportunity to improve consumer perception of data-driven marketing.

We are continuing to prepare for GDPR by not only enhancing our products and services, but also through our active participation in defining industry standards for the processing of pseudonymous personal data and the development of open and pooled technical solutions based on such standards. Embracing this common-sense approach now allows us and others that share our vision to be proactive instead of reactive as the regulatory frameworks continue to evolve.


For questions requiring product-specific details, please contact privacy@mediamath.com.

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What Do You Love About Marketing?

February 14, 2018 — by MediaMath

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Valentine’s Day. It makes some people go “Aww” and others go “Ugh.” Regardless of how you feel about the holiday, we decided to use it as a force for good by asking some of our MediaMathers what they love about this crazy little thing called marketing—whether it’s the work we do as marketers or the ads we see as consumers—on which we’re hooked.

Our industry is unique in that we get to wake up every day and solve complex problems that will have immediate and long-term impact. We get to design, create, distribute, market and engage with clients who care as deeply as we do about being a part of something bigger than themselves.– Elise James-Decruise, VP, L&D, and Programmatic Education

I love having a part in the creation of a solution which enables personalized messaging to consumers that allows them to discover content and products that they never knew existed or that they didn’t know they needed.– Kyle Turner, Senior Manager, Inventory Quality

I love marketing that is personalized and relevant to me. I want to know when my favorite artist is coming to NY, that my favorite brand is on sale, that a new product was released that I didn’t know I had to have.– Sara Skrmetti, Senior Director, Channel Solutions

I love when a commercial makes me laugh or cry or anything in between.– Avi Spivack, Global VP, Solution Engineering

The industry is diverging from aged classifications such as “consumers,” “targets,” “in-market segments,” to recognize/remember and embrace that we’re people and not pixels or hashed IDs. I love being a part of this shift and helping brands build programs where people are core.– Rebecca Sharpe, Director, Programmatic Strategy & Optimization

Marketing takes many forms. The forms I love are data-driven, smart, predictive and reach many audiences with experience that informs and inspires. As a self-proclaimed Pythagorean, I believe digital engagement in support of business goals or awareness should be rooted in reasonable understanding of interaction between measured audience interests and predicted outcomes. The fun part of marketing is creating the tools that deliver moving experiences to the people who find them moving.– John Slocum, VP, DMP

Make sure to head over to our Twitter feed today, where our CMO/CSO Dan Rosenberg is talking about “Making Marketing People Love” with the #lovemarketing hashtag.

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Inside the System: Humans in the AI Loop

February 13, 2018 — by MediaMath

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This article originally appeared in DMN News.

If the future was perfect, every digital marketer would install an AI system, flip a switch, and have it operate on auto-pilot. It would manage every step in the customer journey, from the first web site visit to the final mouse click to buy.

Well, we’re living in that future, and it ain’t perfect. AI is just starting to progress from buzz word to mainstream. Consultants and practitioners agree that you need to keep a human in the loop. The question is where in the loop do you place the human: the beginning, the middle, the end, or throughout?

The human needs to touch the system

Salesforce’s Einstein has been around since 2016, focused on delivering AI for customer resource management, offering predictive and recommended advice to its human users who want to convert prospects into customers. Users “are coming to us with a business problem,” said Allison Witherspoon, director of product marketing for Salesforce Einstein. They need to augment their decision making, using tools like lead scoring and engagement scoring to rate prospects. Only that work is automated by the AI, which can be adjusted to suit user need. Witherspoon referred to this as “augmented” rather than “artificial” intelligence.

So where is the human? At the end, as the user, but also in front, as the customer. The AI is “watching the customer interact” — say with an e-mail message, explained Meghann York, director of product marketing at Salesforce. Customers provide input into Einstein as they interact with web pages and pitched messages, which the system analyzes. This should yield a recommendation the marketer to take an action, but more importantly, telling the user why a particular recommendation is best, Witherspoon added.

“Humans are a bit unpredictable,” York added. “The model will learn and follow it.”

The human needs to tap the system

AI depends on machine learning, but there comes point where the system “tapers off” for lack of new data to learn from. Cosmas Wong is founder and CEO at Grey Jean Technologies: “Once it tapers off, you see if there is a need for it be returned [to its functioning state],” he said. “You look at it once very two weeks,” he said, tracking the process of how the system continues to learn.

Sometimes errors occur for lack of data. Wong offered one example of an affinity engine powered by AI that would pick articles for people to read, based on reader profiles and past preferences. The system tried to approximate a selection by trying pick an article for a person whose profile mostly resembled that of another person. “It looped back to itself,” he said. The solution was to fix the algorithm to filter out the false choice. “A human being has to do it.”

“AI is intelligent, but it is still going to be artificial,” Wong pointed out. A human must always be kept in the AI loop “to determine if the output is what we want.”

The human needs to teach the system

An AI system is only as good as the data you use to teach it. “People often overlook this step,” noted Marius Kierski, CEO for Sigmoidal, an AI consulting firm. Even when an AI system starts out with a good, curated data set, it will acquire more uncurated data as it “learns”, but that extra data dilutes the quality of that starter set, leading to “catastrophic forgetting,” Kierski explained. “If you just let it go, you will lose the added value of a person looking at the data.”

Which leads to another concept: confidence. Once AI is trained on a data set, how confident will that system be that it is making the correct decision? The system should flag a decision where it is unsure and “alert the human to help make the decision.” he said. “The system refuses to make a decision where its confidence is low.”

The human needs to doubt the system

AI learns from data compiled by humans. So won’t the data be as flawed as the people who compile it?

“Artificial intelligence is a tool…It is not intended to stand on its own.” said Risto Miikkulainen, VP for research at Sentient Technologies and professor of computer science at University of Texas, Austin. “The data determines what the behavior will be. The big challenge is that sometimes there are hidden biases in the data you don’t want there.” he said.

“You don’t want the AI to propagate a bias…[but] if you are conscious about it. You can fix it,” Miikkulainen added. Humans can mitigate any instances of bias once detected, to avoid offending users, or worse, customers. The outcome should be a system that changes over time with adjustments. The commercial example Miikkulainen gave is a web site that self-adjusts to suit the users accessing it. That, of course, is a personalization approach — which would hopefully increase the likelihood of conversions or other desired outcome.

The human needs to “be” the system

So where in the loop do you put the human? Everywhere.

“[I]t is always prudent to set up an ongoing performance-monitoring system that shows how predictive performance metrics are evolving over time.” said Prasad Chalasani, Chief Scientist at MediaMath. “Unusual changes in these metrics do require a human to intervene and see whether there are any data anomalies, or unforeseen edge cases. Depending on the domain, such human intervention can occur daily or weekly.”

A true AI system learns as it goes, self-adjusting as it receives new data. That also raises the risk that data and operations can interact in unexpected ways, producing unexpected results. “Usually it is easy to figure out why, but occasionally figuring out the root cause can take a day or more.” Chalasani said.

Thankfully, online marketing is a realm where AI mistakes can be obnoxious, but not fatal. “In some areas such as speech recognition, we are already seeing nearly fully autonomous AI.” Chalasani said. “In other areas, especially where life-and- death decisions are involved (e.g. in military or medical domains), it is doubtful we can completely eliminate humans from the loop.”

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Why Marketers Need to Fear Zombie Sites

October 31, 2017 — by MediaMath

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This Halloween, there’s a new threat that will send a chill up every marketer’s spine. In a scary year, a new threat has emerged to claim unsuspecting victims: zombie sites.

As detailed in a recent BuzzFeed story, a new type of ad fraud may have bilked as much as $20 million from more than 100 brands. The scam employed a redirect code that worked without the input of a human or bot. “Once caught in this web of redirects, the sites show a constant stream of video ads that are often barely interrupted by actual editorial content,” the article stated.

Marketers should be concerned, but such fraud is hardly unexpected. Kristin Lemkau, CMO for JPMorgan Chase, recently predicted that ad fraud losses would hit $16.4 billion this year, up from $7.2 billion last year. (Other estimates say things are actually improving. The ANA and WhiteOps predict that ad fraud could fall to $6.5 billion this year.) Such losses illustrate that digital advertising is prey for thieves. Marketers that hope to successfully navigate this environment need to work with a trusted partner.

A closer look at zombie sites

Zombie sites are made possible by a long-tail approach to digital media buying. There’s nothing wrong in theory to taking this approach. In practice though it’s rife for tampering.

In this case, fraudsters drew programmatic ad buys by snagging domains like BeautyTips.online and RightParent.com and then filling the sites with plagiarized and loosely rewritten content.

Fraud protection firm Pixalate dubbed those “zombie sites” because they were unlikely to draw an actual human audience on their own. BuzzFeed traced the sites to a publisher in Nashville who denied he was engaging in fraudulent activity.

More to come?

Unfortunately, it’s unlikely that we have seen the last of zombie sites. As long as there is money to be made by tricking auction sites into buying garbage sites, advertisers will continue to find that what seems to be a good CPM rate is bolstered by junky sites that do nothing for the brand but waste money. Solving the problem means accepting a higher CPM with the knowledge that ads will actually be placed in front of real customers in brand-safe environments.

That’s where firms like MediaMath come in. Legitimate ad tech firms realize that the industry is in the grips of a fraud crisis. While law enforcement agencies can curtail some fraudulent activity, they often find that they’re playing Whac-A-Mole — as soon as they get one publisher to cease and desist, another one or two spring up.

“For advertisers then the only way forward is to work with trusted partners that offer placement with A-list publishers and can identify more brand-safe and legitimate long-tail content. At MediaMath, we take our role as a trusted partner seriously. That’s why we started offering proactive credits for brand safety issues this year.

That’s why marketers don’t need to tremble at the thought of wasting money on zombie sites this year. If you work with solid vendors then you can expect more treats and fewer tricks as well.

 

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Even in the Programmatic Business, Face-to-Face Meetings are Essential

October 10, 2017 — by MediaMath

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During the ad industry’s busy “events season” when there’s a flurry of industry events all over the globe, I had a thought: Why are we all traveling at great expense when we could have stayed home?

After all, programmatic advertising was designed to automate aspects of buying and selling media that used to be carried out by humans. Why is the human touch so important to our business of all businesses?

The answer is that there’s something intangible about face-to-face contact that’s essential to forming the deep relationships required to execute this business effectively. While that’s hard to quantify on a spreadsheet, it’s a necessary component of business, which means the ROI on these types of events is considerable.

Why face-to-face matters

For most of human existence, face-to-face was the only means of carrying out a meeting or conversation. This explains why our brains feel unsatisfied by videoconferencing or other forms of digital communication. A new book, iGen, about teens and young adults, posits that the lack of face-to-face communication in this group is leading to higher rates of depression and “the worst mental-health crisis in decades.”

Other recent research has shown that a face-to-face request is 34X more effective than email. The researchers found that nonverbal cues during the request made a huge difference in how the respondents viewed the legitimacy of the requests.

This research jibes with my personal experience. When you’re all attending the same event, there’s a spirit of comradery that comes from dealing with the same lines, inconveniences and stress of being away from home. Blame evolutionary conditioning, but you’re more apt to view the other person as an ally and look for ways to work with them. You inevitably see the person as more than a name behind an email. You can look them in the eye and gauge whether what they’re saying is trustworthy and whether they believe in what they’re saying.

Then there’s the convenience aspect. I suppose you could arrange dozens of back-to-back meetings from your home office, in-person or via video, but it would be a logistical nightmare compared to the ease of coordinating such meetings at an event where everyone is centralized.

So what’s the ROI?

Such concerns of course fall under the heading of “squishy humanity.” Programmatic is all about data and it’s all but impossible to quantify the value of a face-to-face meeting against the expense of travel and the opportunity cost of not being in the office.

Speaking of opportunity cost, the best way to quantify the ROI of attending an event is to consider the cost of not going. Inevitably, you will lose control of the narrative about your brand as others attempt to fill in the gaps because you’re not there to tell your story. You will miss out on connections that may save your company money or provide new business down the road. You’ll miss out on the gossip and strong opinions that offer a reality check against whatever execs are saying onstage.

Viewed that way, the intangible costs of flying halfway around the world to sit in a conference center for two or three days seems more tangible. Even a decade from now when we’ll be able to meet in VR, I think that dynamic won’t change. We’re wired to get personal. So let’s accept that as part of the cost of doing business effectively.

 

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IBM, MediaMath Craft Partnership For Futuristic Infrastructure And Cognitive Bidding

September 25, 2017 — by MediaMath

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This article originally appears on Beet.TV. 

COLOGNE – Despite the many innovations birthed by the advent of digital marketing, there’s still much to be done to deliver ads to people that don’t annoy them. This is why IBM and its Watson artificial intelligence assets are teaming up with demand-side platform pioneer MediaMath to create an infrastructure that supports cognitive bidding.

The partnership is designed to provide marketers with a neutral, security-rich computing environment along with the ability to maintain ownership of their data through the IBM Cloud.

“It’s about bringing the power of Watson AI into the bidding process, essentially creating real, cognitive bidding in an advertising environment,” MediaMath Chief Marketing Officer Joanna O’Connell explains in this interview with Beet.TV at the 2017 DMEXCO advertising and trade show.

A longtime veteran of the digital space, O’Connell ticks off the many attributes of digital marketing—from omni-channel touch points to real-time decisioning, machine learning from ad impressions to changing the way that siloed organizations can be customer-centric.

“But we have to be honest about the fact that there’s still so much more to do and it’s still not really what we want it to be,” O’Connell says. “It hasn’t fully realized the promise.”

Shortcomings include such infrastructure features as “pixels, header tags, waterfalls” and the like. “Would we have built it that way if we knew how big this industry was going to become, how material, how important? Probably not,” O’Connell says.

IBM and MediaMath say they have a shared worldview and the desire to take the next evolutionary steps together. Under the partnership, those steps are:

  • Develop infrastructure that connects brands, consumers and all of the companies in between in a way that is enterprise-class, open and smart.
  • Infuse AI into real-time marketing decisions across all channels, arming the marketer to do her job better with insights as opposed to reports.
  • Delight the human behind the screen with advertising people don’t just tolerate, but appreciate as entertaining, informative and meaningful.

O’Connell talks about an infrastructure that’s open and extensible, totally secure and safe. And one that provides ad experiences that don’t alienate consumers.

“Imagine if a consumer didn’t only tolerate it but actually loved it. We want to be able to do that. So that’s really what we’re working on.”

This video was produced as part of Beet.TV leadership series from DMEXCO, presented by NBCUniversal. For more videos from the series, please visit this page.