In this expanding media environment, there are increasing pressures on
legacy media systems to keep pace with the change. Requirements include the
faster infusion of new and ever larger data sets, quality algorithms and the
need for advanced flexible interfaces. Walt Horstman, SVP/GM Analytics
and Advertising at TiVo, is committed to keeping
his company on the forefront of all of these industry changes and shared his
views with Media Village in this latest interview:
Charlene Weisler: Walt, how
do you view the current state of agency TV/Video Audience Optimizations
programs and systems?
Walt Horstman: A key challenge
both the agency and the sell-side systems face is bringing all the disparate
current and future media platforms together.
I believe this will be addressed through an organizing principle around
data. We’ll build from a common
foundation of data and then move out from there to the various workflows and
applications of the data for different respective media platforms. In many respects, putting the data at the
center to solve this challenge also puts the consumer at the center and
ultimately creates an improved consumer experience with marketing.
Weisler: How do you see this
evolving over the next 24-36 months to incorporate cross-platform data?
Horstman: This evolution has
already begun and I believe we’ll see partnerships develop over the next few
years across systems that have expertise in each of the media platforms. For example, at TiVo, we have great expertise
in advanced data predictions and optimization systems for TV. We’ll partner with others who have expertise
in mobile or OTT. It is unrealistic
that a single unifying cross-platform optimization application will emerge, so
best-in-class systems will partner. The
connectivity will be around deterministically-matched data.
Weisler: Do you think that the
agency systems will be able to adapt to the future?
Horstman: Yes, if we think of agency systems within the context of
enterprise-wide software systems, they will evolve to become vast stores of
data, upon which algorithms act on the data and then connect inbound and
outbound through standard APIs. Historically,
we’ve had large end-end monolithic systems and those systems that are successful will move to discreet,
connected modules that serve a unique function such as audience predictions or
media optimization or KPI attribution and optimization. But the agency systems are no different from
other enterprise-wide software applications – it is a state of continuous
evolving.
Weisler: Do they need to be
completely rebuilt from scratch?
Horstman: No, it’s ongoing evolution.
And the tech debt never really goes away, although the eternal optimist
in me keeps hoping that tech debt will be gone just as soon as we round the
next corner.
Weisler: Is there the
client demand to make the required investments?
Horstman: The demand absolutely there for better marketing effectiveness
across a vast and complex media ecosystem today. So we can’t look at this as a question of
how do we justify the continuing investment in agency and sell-side systems as
only a cost-center. We have to frame
this as an important means for agencies to deliver a higher ROI for their
clients on their media investments.
This article first appeared in www.MediaVillage.com
This article first appeared in www.MediaVillage.com
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