Programmatic advertising has run into its fair share of problems, from bad ad placement to data quality to slow-loading web pages.
At Digiday’s Programmatic Summit in Dublin, Ireland, this week, we gathered over 100 programmatic experts from marketing and publishing to discuss and debunk some of the myths around programmatic.
Here’s what we learned on Day One:
Myth 1: The YouTube crisis was a surprise
The dangers of advertising on user-generated content platforms like YouTube are nothing new. But it feels new, given the level of outcry it caused across the industry.
In reality, a lot more money was probably spent dealing with the aftermath than the amount of ad dollars affected in the first place. It was a much-needed wake-up call, but not news.
“Either people knew this kind of thing happens already, or they didn’t know but weren’t taking enough of an interest to find out, or they didn’t want to pay for having the benefit of content verification in place,” said a media owner and former agency exec. “From talking to some advertisers, you have to work hard to sell in high levels of brand-safety verifications like white-listing, things that will increase CPM. That’s not been popular.”
Myth 2: Header bidding will solve all publishers’ problems
Enough of the buzzwords already. “Header bidding has become this catch-all term,” said Ben Hancock, global head of programmatic trading at CNN International Commercial. “It will help get us closer to solving problems, but there’s still a way to go.”
Header bidding, whether server-side or client-side, takes time to implement. Rather than focus on the technology, and the buzzwords around header budding, publishers should focus on selling inventory in a variety of ways to suit the programmatic landscape.
Myth 3: Programmatic isn’t just for direct advertising
The case that programmatic advertising can work just as well for brand advertising as for direct marketing hasn’t been made. Brands still aren’t convinced that programmatic can shift the dial on big branding campaigns. It’s also harder to guarantee brand safety online than it is in traditional channels like TV or outdoor. But the belief that programmatic is just for direct-response advertising is one of the biggest myths around, according to Anthony Rhind, chief operating officer of Beamly, the wholly owned digital marketing agency of beauty manufacturing giant Coty. And all the jargon and acronyms don’t help. “Even cost-efficiency brands aren’t interested in cost efficiency alone — they want what’s best for their brand,” he said.
Myth 4: Marketers bringing programmatic in-house doesn’t threaten agencies
As the amount of money funneled into programmatic ad spending increases, brands are taking elements of trading in-house, where they can have full visibility over transactions. This puts the role of the agency under pressure.
“What advertisers are having to get their head around is owning that first-party data themselves, while having agencies be a partner,” said Marco Bertozzi, head of sales at Spotify. “It makes sense for big agency groups to invest in technology.”
For many influencers, speaking out on Roe v. Wade is an obvious choice
Influencers are concerned about losing potential brand deals because they don’t want to work with those that don’t share their values on choice.
Gannett reviews employee blowback to social media policy memo after Roe overturn
After receiving criticism for forbidding its journalists from posting opinions on the Supreme Court striking down Roe last week, Gannett is reviewing employee perspectives.
Companies turn to employee resource groups to manage internal discourse around the abortion ruling
Companies are using ERGs to facilitate employee conversations, as well as executive leadership via companywide emails to employees stressing their support for wellbeing and the availability of managers for support.
SponsoredWhy the caliber of content is paramount for advertisers
Agata Brodniewska, brand safety manager, Dailymotion Content is king when attracting consumers but is equally essential when courting advertisers. While both stakeholders want many of the same things, they most notably want relevant content they can count on to deliver an accurate and honest message without confusion or misinformation. This is especially important for advertisers […]
Member ExclusiveMedia Briefing: The pros and cons of three commerce pricing models
In this week’s Media Briefing, media editor Kayleigh Barber breaks down the different pricing models that commerce publishers use.
Bloomberg Green’s expansion increases its service-oriented coverage
Bloomberg's climate vertical is adding new products and coverage areas to lean into solutions-oriented journalism.