According to IAB, performance-based advertising has reached the point of diminishing returns for all its players; it has created a highly efficient market in which there is almost no margin left for either publishers or agencies. So this is the year digital brand advertising can and must be born, or the digital advertising industry can’t survive.
We are part of the IAB because we feel we are aligned with its goals. We don’t just join every organization. IAB shares our beliefs that if agencies are freed to produce magical creative, technology will help them build brands across platforms and geographies. And all this can be measured with metrics that are useful to marketers.
Here is a summary of the IAB Digital Brand Building initiatives for this year.
1. Rising Stars rewards the creative that interacts with consumers right on the page and allows them to engage the way they used to engsge in person. We have to allow agencies to produce better creative — the kind with which people really want to engage.
2. 3MS(Making Measurement Make Sense) is the initiative that began last year to change how we measure ads. Last year, the emphasis was on viewable impressions. Going forward measurements will... Read more
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2013 The Year of Digital Brand Advertising
Privacy Education
As the FTC and IAB iterate over consumer privacy legislation, and the industry concern continues to swell, we are recognizing that the basis of the issue lies in general misperceptions and lack of consumer education around targeted advertising. As an industry we have acknowledged this fact, yet educating consumers and industry outsiders remains a challenge. AudienceScience, along with many other companies, are collaborating with the NAI on consumer outreach. It's no small task and it's easy to understand why many companies just don't know where to start, how best to communicate the message, or how to distribute the message to the consumers we aim to protect.
It is a critical time in our industry and responsible companies must take action. First and foremost, companies must examine the resources they have available to communicate and educate. If you have research at your disposal, use it in your message. If you have graphics and creative, leverage it to create something both compelling and easy to understand. I'll say it again because it bears repeating. Make it easy to understand. Consider your audience and don't use jargon or reference stats that are not mainstream measurements. If it looks like Sanskrit and needs translation, your... Read more
Online Advertising Boosting Economy According to IAB
With an increased focus over the past few months, we as an industry have been concerned with getting the most with limited budgets and maximizing what we can offer our customers and partners for their the same or lower dollars than available in the past. Basically, strategizing ways to weather the current economic storm. Interestingly, in a new take on the recession, the IAB commissioned a groundbreaking study to examine how our industry is actually benefitting the U.S. economy reflecting how the ad-supported Internet has a positive impact regarding revenues and job creation. According to the report, interactive advertising is responsible for $300 billion of economic activity in the U.S. and a total of 3.1 million Americans are employed by our interactive ecosystem.
The study examines this impact with a broad scope, addressing improvements in productivity, research and social infrastructure, as well as business innovation and even reduction in environmental waste. Taking it one step forward, from an interactive marketing standpoint, it seems that targeting can be seen as playing a significant role in this positive impact on the economy.
How does targeting benefit our economy? Given that there is the necessity for ad supported content, it follows that consumers... Read more
