Showing posts with label analytics. Show all posts
Showing posts with label analytics. Show all posts

Jun 21, 2017

TV Leads All Other Media in Delivering a Brand Message



TV continues to reign supreme, according to an updated Neustar research study commissioned by Turner and Horizon Media. This extensive research study – originally conducted in 2015 and updated this year, examines the effect of TV advertising compared to other forms of advertising in the marketplace. Given the rapid expansion of the media landscape and increased pervasiveness of programmatic and digital video in just two years, it is important to compare and contrast more frequently than ever.

According to the research, despite those advancements in technology, new digital platforms, and changes in consumer behavior, TV remains the best vehicle for delivering a brand’s message to a mass audience. The report states that “the new findings from a fresh set of verticals (Movies, QSRs and Consumer Electronics) closely mimic the findings from our original research, meaning that the effectiveness of TV advertising is essentially unchanged despite the explosion of online media over that time.” 

The study confirmed four important takeaways:

1.       TV is Efficient. TV has the highest relative efficiency in achieving KPIs, compared to other media whether offline or online. This means that at a given level of spend, TV generates more business outcomes.
2.       Advanced Analytics Optimizes TV Spend. Marketers should leverage high-frequency data to quickly reallocate resources by TV type, network, creative, and day part to significantly impact results.
3.       Premium Streaming Content is More Effective than User-Generated. And, behavioral targeting required the fewest impressions to generate an interaction.
4.       TV Offers Significant Cross-Product Halo Effect For Advertisers.  And, removing TV and implementing standalone digital strategy had an average negative halo effect of -18% on ROI. For example, TV advertising drives the highest increase of box office sales and online engagement activities surrounding Movies with a 40% bump in overall movie ticket sales when compared to organic search and social media. 

“TV advertising is undergoing an incredible data-driven renaissance, fusing the best of digital’s targeting and measurement with the best of TV’s premium content and reach,” explained Steven Wolfe Pereira, Chief Marketing and Communications Officer, Neustar.  “Nothing beats the sight, sound and motion experience of TV and its ability to truly capture attention and drive engagement.  In a world where both brand safety and business outcomes matter, I am extremely bullish about the future of TV.  We’re just scratching the surface of what addressable TV targeting and measurement can do,” he concluded.

“This research reaffirms that television continues to be the biggest driver of marketing success today, yet there remains a lot of room to grow even further as the industry and consumer habits shift,” noted Beth Rockwood, Vice President, Portfolio Research and Chief of Staff, Turner. “Recognizing that growth opportunity, Turner has been one of the industry’s biggest proponents for reimagining the experience of television – developing new audience targeting methods, as well as forging innovative content partnerships, to deliver highly engaging, unexpected experiences to fans,” she added.  
The underlying methodology was based on econometric regression techniques that establish the mathematical relationships between marketing investments and sales outcomes by examining week-to-week sales volume shifts.

Review the full report here.   

This article first appeared in www.MediaVillage.com
 

Jan 30, 2016

Q&A with Tal Schwartz, CEO of ClickTale



Tal Schwartz, founder of ClickTale, started his data oriented career at an investment fund. He explains, In a sense I was a scientist of financial data, because I was building models and trying to understand how financial assets are related to one another, and predicting their future movement based on historical patterns.” 

Schwartz put his data analysis background into his work at Click Tale as CEO. He says, “Today, people have become faceless data streams. When you go online and do something, youre not treated or observed as a real human being. We enable businesses and marketers to understand what people are seeking, what their needs and desires are, and what their intent is.

In this interview Schwartz talks about how ClickTale tracks the consumer experience, data, privacy without opt-in, measuring ROI, the impact of connected TVs and how the media landscape will look in the next three to five years.

CW: How does ClickTale measure intent? 

TS: ClickTale uses unique session replay technology, precision heat maps and customer experience consultants who work to help fix friction points on our customers websites. We gain insights into online customer behavior through various methods. One of these is anonymous session recordings of website visitors, which we are then able to show to our customers so they can see exactly where and why their visitors are experiencing frustration. These session replays are videos that depict exactly how anonymous visitors are experiencing a website -- they can see what their visitors do from the moment they enter the site until the moment they leave. The goal is not to see what individual customers are doing, but rather to understand why many customers are experiencing the same problem or having the same complaint. Another way is through heatmaps, which show an aggregate view - the most visited points on each page as well as the least visited. This enables them to see, for instance, that a specific item theyve introduced is not being used due to its placement below the fold, where users are less likely to see it. Customer experience consultants offer another layer of assistance, as we have experts to give key recommendations that improve the users experience. We also have a web psychologist on our team, who contributes a deeper level of consumer behavior analysis as a way to provide more insight and help our customers optimize the customer journey for their users.

CW: What data do you use?

TS: We do not collect any personally identifiable information but we record billions of in-screen behaviors, such as mouse moves, mouse clicks, hovers (for desktops); touches, tilts, zooms (for mobile users); as well as a host of other gestures, no matter the device (desktop, tablet, mobile).

CW: What do each of these gestures mean how do you parse out the insights from this type of data?

TS: Each gesture provides a unique view of the data. Being able to look at each gesture individually and then aggregating all the data in several different types of heatmaps enables us to drill down into the root cause of any challenge users are facing on a website. For example, looking at mouse clicks on a particular element: comparing the total number of clicks with the number of unique clicks, we can understand if theres an issue with a broken link or loading times and so on. If we see many clicks on a single call-to-action button by specific users, we can understand where theyre coming from (geographically), which browser they were using, and then uncover the exact group of visitors who may have been impacted by the problem.

CW: How do you access the collection of the data without getting to the individual level? 

TS: The aggregation is done through any one of our high-fidelity, data-rich desktop or mobile heatmaps, which enable our customers to see the precise way users interact with the page and compare segments side-by-side. To view the collective behavior of desktop users, our mouse move, mouse click, attention, and scroll reach heatmaps help to show which areas on the page are the most interesting and engaging: where users are looking, which promotions most affect their behavior, and how their entire journey takes shape. The same is true to understand the behavior of mobile users we have tap, attention and exposure heatmaps. For every heatmap, we provide a data-rich, graphical overlay with link analytics to display how every link on the page is performing. For example, you can understand if a particular link is being noticed enough, or intuitive enough.

CW: Is this opt-in?

TS: No. However we block the recording and collection of any Personally Identifiable Information (PII) entered by keystroke, as well as any PII as defined by our customers. We take a number of measures to ensure we never record, transmit, save, or display such information. To elaborate on this point, we only keep track of when keys are clicked, but not which keys are clicked. As a failsafe, even if any PII unintentionally reaches ClickTales servers, it is removed by the server-side rewrite rules before it can be stored. Furthermore, we use only 1st party cookies to guarantee the anonymity of site visitors.
CW: Give me an example of how you use the data to gain insights.

TS: A great example is looking at a search bar. There is a lot of debate in the industry as to whether customers using the search function are having a good or a bad experience. We use the data to answer this question, per company. For example, if the time to click on the search button is 40 seconds or more, well drill down to the individual session recording to understand why a visitor couldn't find what he/she was looking for. But if time to click on the search button is 5 seconds, this might be the way the visitor prefers to use the site, which means this is not a bad experience. In addition, we can look at the time it takes a visitor who hovers over the Search bar to actually click on it, as well as what percentage of hovering visitors ultimately click. Taking all of this together, we can answer the question of whether the search function is delivering a good user experience for that website.

CW: How do you prove ROI?

TS: Ill give you a couple of examples.
Before Christmas, Walmart was gearing up for its busiest season and launched a new Gift and Toy Finder tool as a means to boost sales. But there were a few glitches that were troubling the team at Walmart, so they turned to ClickTale to help optimize the buying journey for their users. ClickTales heatmaps revealed that 20 percent of the visitors were not seeing the Finders tool. Furthermore, some of the visitors werent intuitively clicking on the call-to-action Go button, and were getting confused when they didnt receiving search results; both findings were revealed by watching ClickTales session replays. Visitors faced other points of friction including a JavaScript error when clicking on the call-to-action Go button. As a result of fixing these errors, Walmart experienced an increase of 24 percent in their sales while improving their customer service.

Another example is Lenovo when Lenovo launched its Yoga laptop last year, conversions werent what the company expected. Our session replays showed Lenovo exactly how customers were moving through the site, and our heatmaps aggregated the mouse movements of thousands of visitors. We discovered that certain browser types werent rendering their web site experience well, making it difficult to find the buy button on some web browsers. Lenovo made the required adjustments, and conversions went up by a factor of three to four times in terms of sales.

CW:
Will you be getting into the area of connected TVs for your business and if so how will you get to the individual usage?

TS: Our goal is to reveal insights into consumers true digital experience on every device and platform which reaches significant market adoption. If it's technologically feasible and makes business sense, we will show the experience on Connected TVs. Right now, we have not seen much demand for insights into the cTV experiences, but we are keeping close tabs on the market.

CW:  Where do you see the media landscape going in the next 3-5 years?

TS: We see the era of customer engagement with automatically personalized website experiences taking off within the coming few years. Most of the big enterprises we speak with admit that they arent really there yet today but are actively working towards it. However, their goal here is more than the simplistic and often clumsy website or ad personalization that we see today, where visitors are retargeted based on product pages theyve visited, even if they just browsed a page for a split second. That kind of targeting will likely not be acceptable to consumers in years to come, and might even be characterized as ad spam. Instead, I think well see analytics behind the scenes that evolves to measure actual customer engagement, behavior, and intent, enabling better predictions on personalized experience. This will be perceived as a service rather than an interruption. Its a win-win for the consumer and the brand. I call this new experience the "Predictive Web" and I believe it will become a reality in the next 3-5 years.

In other words, this means sites will adapt in real time based on consumers real-time behavior, predicting what a visitor is looking for and helping them achieve their goal with much less effort. It will feel a bit like a magical browsing experience, in which consumers both enjoy the browsing experience more, and get more done in less time.

This article first appeared in www.Mediapost.com
 

Nov 2, 2015

Q&A with Monica C. Smith of i.Predictus



Monica C. Smith, CEO Founder of i.Predictus started her career at a strategic marketing firm in 1999 which was in the direct to consumer space.  But seven years ago she had the opportunity to look into TV advertising and found it fascinating. She says, “I then started my own company to make TV buying more accountable.”  Smith is very self-effacing but that belies her canny abilities with entrepreneurship and data. She has built her business from the ground up based on her conviction that the business of television can be done better. And she has proved it out with her firm i.Predictus.

In this fascinating interview, Smith talks about her company, attribution, cross platform measurement, set top box data, local vs national TV, work / life balance and where the industry is heading five years from now.

There are four videos below with the following topics and lengths:

Subject                                            Length (in minutes)
Background                                        (6:20)
i.Predictus                                           (8:04)
Predictions                                         (5:16)
TV, STB, Attribution and ROI           (10:56)

 
Charlene Weisler interviews Monica C. Smith, CEO Founder of i.Predictus who talks about her background, how she attains life balance and her advice to the next generation of media executives in this 6:20 minute video:




Monica C. Smith talks to Charlene Weisler about her company i.Predictus, programmatic TV and clients in this 8:04 minute video:






CW: Tell me about i.Predictus.

MS: i.Predictus is a media analytics platform, SaaS based, that uses a series of algorithms to use past performance of television advertising to predict the future of individual advertising airings. There are around 120 attributes that media buyers, analysts, planners use to make decisions on the best media airings to buy or plan for their clients. It is very similar in digital and somewhat similar in direct mail. What we have done is we have looked at the way those attributes interact with each other and created 3 million formulas that answer the questions that most media planners and analysts would ask of their data.

CW: What are some of these attributes?

 MS: They can be cost per point or Nielsen ratings, number of rotations, daypart analysis, seasonality, creative, competitive information – things that absolutely have an impact on whether a campaign is hitting its goals, will hit its goals or taking historical information that is really challenging today for the media agencies – to bring in all the data and to  use it appropriately. So in addition to not only the standard attributes that we are looking at to make decisions as to how we are doing, we are also taking historical information whether it is from a day ago, a month ago, a year ago.


Charlene Weisler interviews Monica C. Smith who talks about cross platform, local television, set top box data, attribution and ROI in this 10:56 minute video:



CW: What is the challenge with cross platform measurement?

MS: In cross platform, the challenge is that the data is not uniform so unless someone steps up and creates that standard for uniform data, the platforms most likely cannot communicate as well as they should. And there for you are left with humans to create that data ingestion process. Data purity is a multi-year journey but at i.Predictus we started with a standard and if our standard is accepted then cross platform will become a reality for many organizations.

CW: How do you achieve work life balance?

MS: I am asked that frequently. I am doing what I love but I also love what I do. It took me a couple of  years to get where I am as a person today, as a mom and as a business owner and as a social entrepreneur. So if you asked me that question two years ago, I would have punted and told you that I had it all figured out but life has set me straight on how I can best achieve balance. I tell people how I set my schedule and I don’t compromise on things that I think are important. So my kids come to work with me and my work comes home with me and I am supporting a household and hire employees that get it as well. And I allow everybody else to have that same lifestyle balance achievement.

Charlene Weisler interviews i.Predictus' Monica C. Smith who offers a look ahead - how the media landscape will look in the next five years in this 5:16 minute video:


CW: Monica can you give me some predictions of the media landscape in the next five years?

MS: I think television advertising and digital advertising will be held to a much higher standard, something much more accountable and it is right around the corner. This means that agencies will have to have a higher level of transparency on what they are buying, an understanding of what is driving them to make those purchasing decisions and what outcomes are expected. And I think technology and marketing automation will allow for all of that. My second prediction is that conglomerates such as the MSOs and their consolidation will essentially change how television is viewed. Consumers will ultimately be able to make more decisions on what they are viewing from an advertising perspective, possibly through individual servers at their house. Addressable advertising will be the next phase beyond programmatic and I think that agencies will prepare for a much more strategic buying practice than they are used to right now.


This article first appeared in www.Mediapost.com



Jan 15, 2015

The Power of Data in Advertising. Q&A with Anush Prabhu.



Anush Prabhu has an unusual title – Chief Channel Planning & Investment Officer. But his background is immersed in analytics and data that define him as a researcher in my opinion. He essentially harnesses data and connects it to communications planning for Deutsch NY. Research, in Prabhu’s opinion, is part and parcel of analytics, qual and quant work with a vast repository of new, different data sets to add context and insight into consumer behavior.

In this fascinating interview, Prabhu talks about his work at Deutsch, fragmentation, cross platform solutions, issues of privacy in tracking consumers, his “remarkability” metric, the future of sales in an increasingly programmatic media world and some ideas about what the future of media will look like.

There are five videos in this interview:

Subject                                                 Length (in minutes)
Background                                                    (4:59)
Data, Cross Platform, Privacy                       (7:56)
Remarkability Metric                                    (6:20)
Programmatic, Future of Sales                      (6:53)
Predictions                                                      (3:35)




Charlene Weisler interviews Anush Prabhu who talks about his background in this 4:59 minute video:



CW: How has the whole field of research and analytics evolved since you started in the industry?

AP: I think what has changed is the vastness of the information and the fragmented nature of what we can get in terms of data. I can get to specific mobile behavior for a person when they walk into a Gap store and then they go into another store. I get all that data about how they behave just from geo-located data. At the same time I can look at social behavior. I can look at what they are shopping on a particular aisle.  Those are things that behavior-wise we did not have access to. That today we have access to in a bigger and broader way.  Where we used to use quantitative research to get some of that information, today we can actually get the actual behavior. And we will see that change even more as we move into the realm where we can see more and more information about a particular customer.


CW: It sounds like analytics is moving into one to one marketing.

AP: Yes. We will not be advertising to the masses. We will advertise directly to the person in a more precise way. That is because of the power of data that we will have at our fingertips and the technology that enables us to deliver against the data and communicate to the consumer at the right place at the right time.

Anush Prabhu talks to CharleneWeisler about the range of datasets he uses in this 7:56 minute video:




CW: Can you talk about some of the data sets that you currently use?

AP: We acquire data from various aspects of the funnel. We have social data that we get from some of the propriety tools and botnets like Netbase. We get information from the Forresters of the world. We get specific media data from MRI. We also do a lot of our own proprietary research from a quant perspective where we can tie into the social aspects of people’s behavior by getting their permission to lean into the Facebook status updates and such almost using Facebook as a research or search mechanism where I can look at what you typed in and your status reports for the past six months and see whether you are talking about food or getting into finance. I can tell if you are an influencer. There are various aspects that we can now plug in.

CW: How you get all these data to work in harmony with each other?

AP: Obviously it is not very simple because of these data are coming in from different sources. At the end of the day we have to tie it in together. Some of the time it is easier to tie the data together. Sometimes we need to make a leap in making sure that we are connecting the dots. This is where a little bit of art comes in as well as experience to figure out what is really happening and understanding it.  Sometimes we add on quantitative or qualitative research that starts to bind these data elements. You will see that more solidified as we proceed. 




Charlene Weisler talks to Deutsch's Anush Prabhu about his "remarkability" metric for content in this 6:20 minute video:



CW: Do you think we will ever see commercial ratings?

AP: That is interesting because as we proceed into the cross media world, as television gets more digitized, as Netflix becomes a channel and as ABC becomes a Netflix or a digital channel it will be interesting to see how we measure a digital view versus a television view. To me, yes I do believe that there may be an opportunity to rate commercials but at the same time I also feel that the entire system may need to be overhauled in terms how we measure everything because it is not as simple as it used to be. The question really is “What is a view” in today’s world. And should we be measuring just a view or the impact of that view.



Charlene Weisler talks to Anush Prabhu about Programmatic in this 6:53 minute video:




Anush Pradhu offers some of his insights into the future of the media industry in this 3:35 minute video:


First published on www.MediaBizBloggers.com