As the media business becomes more data driven, those working in it
are creating new terms to help describe new processes, such as “DMP.”
And what is a DMP? It’s a data management platform.
According to the CIMM Lexicon,
DMPs are systems and data repositories to store, organize, manage, and
retrieve data sets. DMPs help normalize datasets to enable audience
analytics and, ideally, to optimize media buys for advertisers. DMPs are
a crucial part of any successful data-driven campaign, enabling large
repositories of data to be accurately integrated, compared, and
analyzed.
The Local Advantage
Local TV, which for years has had to contend with small local market
measurement samples, stands to greatly benefit from the big data
capability of DMPs. Not only can they now collect more and disparate
first- and third-party datasets related to local TV performance into
larger, more stable samples, but they can also confidently expand their
analyses across platforms and create audience segments (depending on
what data their DMP ingests).
Read the full article on the Videa blog.
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