In a world where we are more and more likely to use our mobile phones
for a range of activities, the data collected from these devices are
proving to be very helpful to advertisers, behaviorists and marketers.
Kym Frank, President of the OOH trade organization, GeoPath, has just
released a new measurement platform that promises to upend the way we
measure OOH.
According to Frank, OOH ads cannot be blocked or skipped and is not
subject to ad fraud. These ads are often located close to the point of
sale when purchasing decisions are being made. GeoPath will now add
more granular data sets, such as location data and speed data from
in-dash navigation systems and connected cars. It will also have
audience segmentations for purchase behavior, psychographics and other
channel usage.
Over the next three years, Frank believes that “we will see more
focus on the integration of incremental data sets – specifically first
party data – to provide custom, proprietary solutions to advertisers.”
She also expects to see greater, “integration of OOH measurement within
the existing measurement ecosystems and planning/buying solutions of
other channels, as well as greater integration of OOH data into
attribution platforms to ensure recognition of these dollars in driving
outcomes.”
She notes that, “As our measurement platform becomes the currency for
OOH, we fully expect to see not only a strong continued growth for OOH
ad dollars in local markets, but continued infusion of spend from
national brands who are now able to use our audience segments to buy in
these markets – just as they would on a national level. And that is
going to increase the value of OOH inventory for sellers, and enable
buyers to define ad effectiveness and efficiency like never before.” Let
the revolution begin.
This article first appeared in Cynopsis.
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