Monday

Breaking Out of Legacy Measurement. Q&A with Ellen Weinstein




It seems like the accessibility of big data enables all types of media trading, targeting and placement but it was in talking to Ellen Weinstein that I learned how marketing campaigns can use data segmentations to impact ’the addressable market’ . Ellen Weinstein is an industry veteran with background in designed planning, buying and workflow systems using data for such companies as Nielsen and Canoe. She is currently involved in helping agencies to reach and quantify addressable marketing efforts at Marketo. 

In this interview, Weinstein defines the addressable market as that which connects to a consumer in some personally identifiable way, including anonymous cookie tracking which can be used to give a more complete picture of the customer journey. She talks about Marketo, changes in local television and in the agencies, legacy systems that impede growth and evolution in our industry, what the future holds for companies on both sides of the buy sell model and some advice for the next generation of media executives.

There are four videos in the interview:

Subject                                                                 length (minutes)
Background and Local TV                                   5:49
Marketo and Addressability                               5:34
Legacy systems                                                     5:18
Predictions                                                            5:14


Charlene Weisler interviews Ellen Weinstein about her background and how local TV has evolved over the years in this 5:49 minute video:

 

CW: Agencies are on the forefront of change. How are the agencies de-siloing their functions to become more nimble?

EW: A number of agencies have recognized that technology is very important in how one evaluates and makes media decisions. Among the big agencies, many have acquired or formed smaller companies that can be more flexible in the digital space. And I think that you will start to see consolidation where all these smaller entities are subsumed into the larger agency. In terms of reaching the consumer, a lot of the agencies have formed divisions that are essentially internal consulting divisions that use a lot of these different technologies – it’s usually three or four or for individual channels – and then they can consult with the brand executive on what would be the best combination of technologies to use to achieve those goals. 


Charlene Weisler interviews Ellen Weinstein  who talks about her work at Marketo and how it can facilitate addressable marketing in this 5:34 minute video:



Ellen Weinstein shares her views with Charlene Weisler about how legacy measurement systems have got to change in this 5:18 minute video:



 
CW: In terms of legacy systems and legacy measurement, what do you see as their role in the new media landscape? 

EW: Many years ago I was selling Birch radio which was a competitor of Arbitron. It was a very difficult sell because so much was and is based on history, historical data and the prices everybody pays.  So to introduce a new way to value-ate all of this would take a lot of time. The legacy systems really do not have a quick way of bringing new data in so I think there will be other vendors that may sit between legacy systems to allow agencies to quickly evaluate but they almost need to take all the data they have and be able to translate it into a different base because today they are just taking what they did last year and doing it again this year. At some point that is not going to work anymore. 

CW: What about legacy TV measurement data compared to other viewership measurements?

EW: If you are basing your decisions on Nielsen data, there is a huge history there. If you wanted to look at Rentrak data, you must figure out how to do that and how to make the client feel comfortable in deciding which numbers are more realistic of what is reflected in the marketplace. I think it has to be done and I think different agencies are moving in that direction. But it will take a long time. Some legacy systems don’t have access to Rentrak data. Clients are requesting Rentrak data and they are manually building it into their spreadsheets. That will change eventually but we need to move quicker. I believe that legacy systems are impeding our movement.  


Ellen Weinstein shares her predictions of the media landscape with Charlene Weisler in this 5:14 minute video:





CW: There is more use of segmentations to target consumer but when it comes to posting, we still use age and gender as proxies. Do you see this changing?

EW: I think we have to. People are using that data to post but when they are negotiating they are using qualitative data and they are using purchase data. They are making decisions on what to buy using much more detailed data than what they are posting against. And it really comes down to the price trending. There has to be a way to start to look at how the industry can move from age sex to actual consumer data. It’s available. Many agencies are collecting detailed data that is not age sex and they may be using that for buying decisions. But the seller is using age sex and the client is asking for age sex. It may be an educational process. 

CW: How do you track marketing campaigns at Marketo?

EW: Marketo shows you what marketing programs are working and what is not working and you can slice and dice the data in many ways to understand the marketing impact on the customer journey. Because Marketo connects to your customer database, the system already knows a lot about your website visitors and you can use that data to personalize what you show them so you are always improving your campaigns. We also integrate with a number of DMPs where you use your own secret sauce to create customer profiles and target customers smarter and sooner in the customer lifecycle.

This article first appeared in www.Mediapost.com

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