Try to explain what you do in a 30 second video piece? You bet. We accepted the challenge and created a video explainer, which we are putting online. What do you think? Is the video helpful to understand what Locomizer is after?
It’s a busy time for marketing award announcements for out-of-home advertising campaigns here in UK and some good news pops up for our partners and locomizer team. We are very proud to say that two campaigns fueled by Locomizer AffinityBI algorithm’s consumer data insights were short listed for industry awards.
Jameson Campaign run by Havas Media and Posterscope
First comes the From Dad’s to Lad’s OOH campaign for Jameson Irish Whiskey launched last year UK nationwide. The challenge was to “shift awareness and move Jameson Whiskey from a spirit for ‘Dads’ to one for ‘Lads’, to increase consumption with 25-34 males.” The campaign was actually nominated for three awards:
- The Connected Consumers Awards 2016 in the ”Best Use of Connected Data” category;
- The Clear Channel Outdoor Planning Award in the “Best use of data and insights” category; and
- The Drum Marketing Awards in the “Best use of data” category.
It is not a surprise that Jameson campaign gained such a traction as the after-campaign results reported by Havas Media are very impressive indeed. The campaign “smashed the objectives”, increasing the following KPIs:
- “Brand you see more of” up to 13% (+225% vs target)
- “Brand for me” up to 16% (+60% vs target)
- “On trade consideration” up to 21% (+40% vs target)”
Fallout4 Campaign run by Posterscope and Target Media
Our second campaign short-listed for a marketing award actually competes with Jameson’s in the same category. The Bethesda’s Fall Out 4 OOH campaign got nominated for The Clear Channel Outdoor Planning Award in the “Best use of data and insights” category. The data challenge we worked on was to intelligently decide where to effectively reach out to the audience highly receptive to Bethesda’s most recent game hit Fallout 4.
We live in a world full of information and insight into how we behave. There is information available on what we buy, where we spend our money, where we travel to and from at which times of day and even what we think about things.
This data generated is tracked through closed schemes run by networks and retailers and some is publically available as we tweet, post or message freely from our numerous devices. We are no longer tied to a location which makes it more difficult to ensure we get the intended advertising messages.
All of this available information is of great value to our marketing partners who are looking for better ways to profile social and geo data so they can device better ways to get their message to the right person first time.
Traditionally there are categories of data that will be purchased to look at the behavioural movements of a target audience. These are things like Footfall Flow and Demographics. Depending on who you purchase data from you tend to get one or the other or in some cases both. Although interesting in terms of what this data represents it is not without its limits and usefulness. There is still very much an element of scatter gun marketing required when using this data.
Locomizer consumes multiple data types across footfall, and social media sources then categorises the single combined data set into lifestyle category keywords refined by our patent-pending algorithm that filters by location, interests, sentiment and other unique filters allowing our marketing partners to identify the best physical location and time of day to advertise.
Using the Locomizer platform we are able to increase the value of existing campaign data by unlocking insights that were previously unavailable in the data. Advertisers look to demonstrate a good level of CTR (Click Through Rate) and engagement rate. When you run the data through Locomizer this are our core delivery metrics and we have seen increases of more than 100% on traditional general audience data.
As such we have been recognised by the 2016 Huddle Trends report as one of four Proximity 2.0 companies to watch in 2016.
Using the Locomizer platform we are able to increase the value of existing campaign data by unlocking insights that were previously unavailable in the data.
What about if you could filter by lifestyle interest categories and by times of day, across any age group, add affinity scoring, filter by location and be able to see the best place to put an advert all mapped out in a heat map?
Now there is. Here is a demonstration and a small example of this profiling in action.
Our market is a global one with the ability to consume and cross reference multiple data sets from any geographic audience location we ensure our marketing partners differentiate themselves on marketing campaigns.
We welcome the opportunity to discuss specific campaigns and to demonstrate this in real world terms. I can also provide a copy of the Huddle Trends report 2016 if anyone would like it please email me firstname.lastname@example.org
Author: Craig Marston
Locomizer is exhibiting at Mobile World Congress in Barcelona from February 22nd – 25th this year. If you are attending, our team would love to chat with you! Send us a meeting request to email@example.com or visit our booth. You will find us in at Hall 5 Congress Square, Catalonia Pavilion Booth CS50.
FOR DEMAND SIDE…
If you are on a demand side, learn how you can differentiate by adding GEO-BEHAVIORAL profiling to otherwise plain vanilla ad inventory. We will show how you can stand out and attract brands by offering the brand-centric audiences.
FOR SUPPLY SIDE…
If you are on a supply side, become our data partner to turn raw geo data into premium audience profiles, which are in a strong demand with advertisers. Learn how you can monetize your geo-data in a privacy ensured way.
FOR VERTICALS SEEKING REAL WORLD CONSUMER INSIGHTS…
But there is more. If you have a need of understanding consumer behavior for business-to-consumer marketing, business intelligence and analytics, including but not limited to out-of-home, ecommerce, mobile payments, insurance, retail, security and surveillance, crowd management and urban planning markets, drop by our booth to learn how we are enabling a GEO-BEHAVIORAL INTEREST GRAPH – a dynamic, rich, contextual knowledge about footfall for any given place by day part.
Locomizer is driving the paradigm shift from location-based to location-behavioural targeting with our proprietary Biological Intelligence know-how. After all, location is not just about where someone is. Ask us what does it mean at MWC.
We look forward to meeting you at MWC 2016!
‘Programmatic’ thrives on the notion that the historically inefficient advertising industry is democratizing through the real-time exchange of ad budget for the instantaneous intersection of inventory and data.
As with any efficient market, pricing in programmatic would thrive on perfect information. However, with unreliable data and publishers of all measures of quality, the market for real-time advertising is far from efficient.
Even as the industry matures, programmatic remains less automated than many suppose – many transactions executed programmatically are still preceded by a very human negotiation.
One thing is for sure: ‘programmatic’ is too promising to languish at a standstill. But is the widely popular ‘platform’ approach to progress, wherein largely generic DSP execute programmatic exchange differentiating only in vague terms, the right one? One could argue that indeed gravitation to commoditization is truly the only way to achieve an efficient programmatic market. But in an industry yearning for profits, and slowing progress towards programmatic perfection despite the platform approach, one must consider the direct opposite as a viable strategy for industry players at large – a move towards the productization of programmatic, trading openness for closed and generic for proprietary.
If the attributes that define the value of programmatic inventory plus data were more clearly valued, we could enjoy an efficient commodity market. In that case, we would arrive at a few simple exchanges, much like NASDAQ and NYSE dominate equity trading. But with disparate data and attributes which hold different value to different buyers, such a future is unlikely to be delivered profitably. So why is our industry trying to achieve it?
Perhaps it’s a vision for a winner-takes-all outcome, where the leaders in neutrality and transparency gobble up the industry. But even in this scenario, profitability and long-term sustainability would be dubious for any commercial provider.
Product Creates Profit
The opposite of the status quo via ‘platform’ is ‘product’ and it is the only route towards progress and profit. With a product, providers shun pure openness and compatibility for uniqueness and proprietary. With a product-driven approach, differentiation takes priority over commoditization and unique proprietary design fuels unique deliverables which advertisers will be willing to pay a premium for. In an industry that is constantly benchmarking, it is possible that an alternative approach – pure differentiation could be the way to break away from the pack and claim market share.
What Defines ‘Product’?
Many of the platform concepts alluded to in this post have product-like features, such as unique algorithms, user-interfaces and more, but they can’t get past the openness and interoperability that could lead to their demise. They seek to remain transparent and agnostic, yet simultaneously claim uniqueness. This is the programmatic paradox.
True product, and true uniqueness is just that – it’s truly different. As Peter Thiel said in his best selling book ‘Zero to One’, competition is not always good- that a business should be so uniquely good at what it does that there is no substitute. This type of approach is a major contrast to the look-alike approach in the programmatic business, and we’re not talking about audience modeling.
How Can Programmatic Productize?
Programmatic can only really differentiate on a limited number of fronts, namely ‘process’, data and inventory. And whereas process can always be improved, and inventory will often go to the highest bidder, better data is the king of all deliverables – the most exclusive of any proprietary offering and the answer for platforms making the shift to product. Data is finite, data holds intrinsic value and without data, programmatic lacks the third dimension, transacting only on the availability of inventory, without knowledge of its audience. And yet too many programmatic providers pseudo-differentiate towards better data with attempts at a better process – more efficient, more highly targeted or both.
Meaningful differentiation with proprietary data requires innovation that is often beyond the core competency of the traditional platform. Artificial Intelligence is no longer enough. Vast networks of data capture, or DMP integrations are now table-stakes. For real productization, platforms must seek data solutions that move past vague segments, and towards behavior-driven insights beyond the website visit and even beyond the digital experience. The real world presents increasingly sophisticated opportunities for non-PII data capture that given modeling such as Biological Intelligence over the traditionally binary artificial, add new dimensions to predictive advertising that far outshine the obsolescence creeping into programmatic. Programmatic’s legacy of website retargeting, still a dominant technique, will pale in comparison to the potential that mobilization, Internet of Things and other methodologies existing far away from the desktop will enable in not just advertiser performance, but provider profits.
If the product direction turns out to be the winning approach for programmatic, it is unlikely that many providers will successfully make the leap. The unique product design and truly scarce data assets will be inherently in short supply. Therefore first-mover advantage comes at a premium. Which platforms will deploy truly unique approaches to data, and in doing so deliver exclusive, proprietary value? The very notion of premium pricing and higher margins requires exclusive differentiators buyers are willing to pay for – which platforms will strive for true uniqueness, delivering data and data methodologies in a closed system that outshines the competition? Only time will tell. But in a stagnating market, on the wrong side of the capital equation, the players in ‘product’ and not platform will deliver profitable growth and fuel the Product Era for programmatic, because an agnostic approach to a revolution rarely finds a following.
photo credit: constant motion via photopin (license)
Locomizer drives sales by discovering target audiences to match with relevant campaigns.
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