5. Marketing is experiencing an innovation renaissance
• Programmatic, despite it’s many criticisms is still the biggest
innovation in media buying.
• Bench launched in 2012 when the term programmatic was just
beginning
• Since then the industry has grown by over 1100%
7. Are more brands moving in house?
• Headlines suggest leading advertisers are starting to take
programmatic in house
• These moves ranging from internal data science teams through to
signed contracts with new adtech vendors
12. DSPs are desperate to differentiate
• Brands have to be smarter than ever in deciphering true value from
buzzword and narrative
• Forrester DSP Wave report states that difference is “subtle”
• Key to successful programmatic trading is to not rely on one DSP but
instead create a format for testing them by
• Engaging them in low risk pilots
• Placing them on the same scale
• Focusing on two key metrics: Goal Achievement and Extraction
15. DSPs severely lack when it comes to offering strategic guidance
• DSP technology was built by developers, to help digital
marketers provide services to agencies to in turn connect ads to
consumers
• Journey is too long and disconnected
• Resulting in programmatic traders holding the keys to the
marketing kingdom
• Marketers need to get more involved by overlaying the logiv of
the purchase funnel on their programmatic activity
18. Managed Service offerings often lack the information transfer that
brands require.
Advertisers need to validate an internal or managed service offering by
ensuring they have three roles identified:
• Strategist - Strategy, KPI Management, Reports, Trend analysis, monitoring
channel selection, audience ideation
• Optimiser – Channel/platform optimization, budget allocation, bid
management,
• Tech Specialist – Source integration, audience mapping, tag management,
attribution modeling
21. The programmatic talent pool is very dry due to the rapid growth of the
industry
• Leads to candidates being oversold as more experienced than they
are
• Key is to refer to the roles required in order of priority (see previous
slide
• Evaluate candidates by creating role-specific TESTS
24. The advertising duopoly of Google and Facebook is creating a
dangerous environment of walled gardens – non sharing of audience
information.
• Both sides are working to lock advertisers into their platform
• Facebook approach is by not sharing audience data
• Google approach is to make advertisers reliant on their tech stack
(analytics, ad serving etc.)
• Key is to objectively evaluate the performance of you media and hold
both giants and other providers accountable to YOUR metrics.
26. The rise of DMP’s has sparked a constant rhetoric around “Owning your
data”
• Created an oversupply of data warehousing and undersupply of data
activation
• First step is not to warehouse data but actively segment and test
those segments
• This requires advertisers to take a varied approach to audience
activation by creating audience strategies
• Combinations of behavioural data segments overlaid but other
information (demographics, location, interest-based etc.)
28. Marketing community and AdTech journalist praise New contracts over
actual performance metrics
• Headlines are about new tech contracts signed instead of successes.
• Marketers have a huge influence on the bottom line for companies
• We should start praising outcomes rather than Contract Crusaders
30. Transparency is on everyone’s agenda at the moment
• Transparency of costs IS important
• Transparency of value IS MORE important
• Google and Facebook are not transparent – however they provide
significant value so their channels are justifiable
• Ensure your provider is transparently justifying value and not simply
operating a pipe of arbitrage.
32. STOMP is an easy mnemonic for how to evaluate ALL vendors
• Strategy
• Technology
• Operations
• Media
• Price / Value
33.
34. Thank You – We look forward to
hearing from you!
1300 049 498
info@benchplatform.com
www.benchplatform.com
Editor's Notes
I want to talk about innovation. And I wanted to Benchmark innovation against some of the other bid trends
USB
Remote control
Cash
Advertising rate card
Avoid lock in contracts and test providers. How to manage partners? Put them on the same scale. Goal achievement and extraction. Perfect timing to be highlighting this phenomenon as Forrester just came out with a Headline DSP differentiation is subtle at best!
Programmatic recruiters overselling their candidates. IAPA Skills survey - $190k roles in social media data science. Takeaway – if you are willing to train, less experience can be better. Key is to TEST, TEST, TEST
Scenario – Coles and Woolies. Dangers of duopoly
Not sharing impression data with 3rd party providers
Doubleclick whispering to advertisers that they should be using their tech stack.
Answer is neither are correct and the truth should sit with you as an advertiser, verifying the data on your side, to your own metrics
Beware of the new wave of DMPs
Insights are actionable, data is storable. And insights can be uncovered easier than ever before.
Scenario – CDs and Spotify. Roadmap taking data in house.
Example: Headlines are about new tech contracts signed instead of successes. As marketers, we have a huge influence on the bottom line of a company, and the only way that this type of behaviour is rewarded is if it is shared.
We test the fat in food by the transparency of the bag, so lets test the transparency of media by its fat to meat ratio. Is the meat gained greater than the fat paid.
DSP – managing them > goal achievement and extraction
DSP – strategy > back to the customer sales cycle
DSP – service – What does good service look like? Define roles
Talent – hiring or testing – Interviews did not give the information we needed, so TEST, TEST, TEST
Duopoly – walls and importance of being a 3rd party validator. Coles, woolies, Aldi. Ability to compare apples to apples because you as the consumer are the third party validator
DMP – Segment and make it useful, before warehousing – 3RD Party data is third rate data. Most people are not using 1st well enough
Journalists – judge by performance, not by new deals inked. Transparency of achievements will elevate marketing to where it should be
Transparency – Transparency of performance will give better results than transparency by price
STOMP