Get With the Program
New, untapped audiences can be found by using optimization based on the right kind of machine-learning.
Airline company Frontier can use programmatic dynamic ads to serve up relevant vacation deals to prospects based on where they live.
Even though the Association of National Advertisers (ANA) declared "programmatic" the word of 2014, marketers self-admittedly lack deep knowledge and understanding of it. The ANA put it best when it stated that, when it comes to programmatic, "everyone is talking about it, trying to see how to measure it, implement and/or define it. But few people get it or do it."
Brand marketers are hungry for knowledge. They want to better understand programmatic to make the most of their budgets. They actively seek advice from analysts and vendors about how to run programmatic campaigns effectively and drive return on advertising spend (ROAS). Having said that, marketers should consider three benefits that are often overlooked, yet deliver measurable programmatic campaign success.
While retargeting and look-alike modeling both reach interested consumers, they often miss the benefits of true data-based optimization, putting brands at risk of artificially—and often incorrectly—narrowing the audience. True optimization involves one-impression-at-a-time decision-making. Active machine-learning adjusts consumer targeting, media placements and bids to improve the results of branding and direct response campaigns.
Advanced programmatic partners have systems that use algorithms to discover new audiences who do not look like people who've already visited a brand's website, but are still ideal candidates for purchasing its products or offers. Systems based on audience discovery algorithms can be effective throughout all stages of the sales funnel. Optimization based on the right type of machine-learning has the benefit of discovering untapped audiences, expanding markets and growing the customer base.
2. Exposing Profiles of Top-Performers
The story of programmatic is much larger and more complex than having a machine hit the right consumer, at the right time, in the right context. It's bigger than simply meeting a brand's campaign metrics. Programmatic campaigns ingest big data, but they also generate massive amounts of information about performance. The generated information reveals audience insights that deepen and expand a brand's understanding of its customers.