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Rakuten Advertising Reveals Key Trends from 2024 Black Friday & Cyber Monday

Rakuten Advertising Reveals Key Trends from 2024 Black Friday & Cyber Monday

marketing 5 Dec 2024

Rakuten Advertising, a leading global affiliate marketing network, has shared its 2024 Black Friday and Cyber Monday shopping trends. The data highlights how shoppers bought more items while spending less, with distinct shifts in consumer behavior across the holiday shopping weekend.

Key Shopping Trends During Black Friday and Cyber Monday

  1. Early Deals Drive Holiday Shopping

    • 5% Less Per Purchase: Shoppers were focused on securing deals early, spending 5% less per purchase compared to last year.
    • 5% Increase in Cart Size: Despite lower spend per item, consumers added more items to their shopping carts, indicating a focus on quantity over price.
    • Popular Categories: Items from apparel, footwear, toys, and video games saw strong sales, while luxury goods saw a lower share of orders during Black Friday.
  2. Consumer Strategy: Big Ticket Purchases on Cyber Monday

    • Shoppers prioritized budget-friendly deals early in the weekend to make larger, more expensive purchases on Cyber Monday.
    • Luxury Purchases Surge on Cyber Monday: Luxury category purchases increased by 66% compared to Black Friday, with shoppers willing to spend more for premium items after securing discounts.

Category-Specific Shopping Trends

  1. Thanksgiving Day Wins for Consumer Electronics and Beauty

    • Consumer Electronics: Nearly double the number of items per order compared to the previous week, although shoppers spent 9% less per order year-over-year.
    • Beauty Products: Shopping cart sizes increased by 10%, despite an 8% decrease in spending per item.
    • Both categories saw significant activity on Thanksgiving Day, demonstrating a strategic shift in the timing of consumer purchases.
  2. Cyber 5 Weekend Trifurcation

    • Rakuten Advertising noted a trifurcation in shopping trends, with consumer electronics and beauty dominating Thanksgiving Day, apparel and toys leading Black Friday, and luxury trending on Cyber Monday.
    • This segmentation made the shopping weekend feel less competitive and more targeted, with brands strategically investing in marketing at specific times to maximize success.

CEO Insights on Consumer Behavior

Nick Stamos, CEO of Rakuten Advertising, stated, "This year, shoppers prioritized price above all else. They capitalized on early deals to stock up on affordable items, leaving larger purchases, like luxury brands, for Cyber Monday. Categories are increasingly owning specific days during the Cyber 5 weekend, making the shopping season feel less crowded than before."

SOCi Appoints Alistair Jessiman to Industry Advisory Board

SOCi Appoints Alistair Jessiman to Industry Advisory Board

cloud technology 5 Dec 2024

SOCi, Inc., the CoMarketing Cloud platform designed for multi-location enterprises, has announced the appointment of Alistair Jessiman to its Industry Advisory Board. Jessiman, a seasoned leader with extensive experience in financial services and a transformative career at PNC, will lend his strategic insight to help SOCi further strengthen its offerings for the financial sector.

Key Appointment Highlights:

  1. Jessiman’s Expertise

    • Jessiman is NACD.DC, CFA, bringing deep expertise in financial services, particularly in banking and investments. He is known for his leadership in initiatives that have redefined customer engagement with a strong focus on a customer-centric approach.
    • With his extensive background, Jessiman will guide SOCi as the company expands its presence in the financial services industry, a sector where local discovery and brand visibility are crucial for success.
  2. SOCi’s Vision and Approach

    • Jessiman emphasized SOCi’s unique ability to empower brands to optimize local search visibility and customer engagement, an essential component for industries like financial services, where building trust and visibility is paramount.
    • He highlighted SOCi’s partnership-focused approach, which goes beyond technology to provide actionable solutions across multiple business functions.

Strategic Focus on Financial Services

  • As an advisor, Jessiman will focus on strategic guidance for SOCi’s growth in the financial services sector, advising on areas such as messaging, outreach, and key strategies for engaging financial institutions.
  • Jessiman’s insights will directly contribute to SOCi’s goal of helping brands build lasting local trust and enhance their digital presence, particularly for businesses with a strong regional or local focus, like financial service firms.

Jessiman’s Commitment to Customer-Centric Solutions

  • Jessiman was drawn to SOCi because of the company’s commitment to directly addressing clients' challenges and bridging technology with practical solutions that deliver tangible results.
  • His role will be pivotal in ensuring SOCi’s platform continues to meet the evolving needs of financial firms, especially as decision-making in this industry often involves complex, multi-stakeholder processes.

IAS Expands into China to Provide Advanced Ad Measurement Solutions

IAS Expands into China to Provide Advanced Ad Measurement Solutions

advertising 5 Dec 2024

Integral Ad Science (IAS), a global leader in media measurement and optimization, has announced its expansion into China. This strategic move aims to provide global advertisers with comprehensive solutions for addressing invalid traffic (IVT), fraud, and brand safety measurement, aligned with both international and local standards.

Expansion Details:

  1. Local Presence in China

    • IAS has incorporated a subsidiary in China and become a founding member of IAB China, reinforcing its commitment to the region and local advertisers.
    • The expansion aims to offer essential local support to Chinese advertisers looking to extend their reach beyond the country’s borders, while also enhancing IAS’s global footprint.
  2. Addressing Key Market Challenges

    • With this expansion, IAS will fill a crucial gap in the measurement coverage for advertisers in China. By offering solutions tailored to China's unique advertising environment, IAS empowers advertisers with actionable data that helps optimize their ROI in the fast-evolving digital media space.
  3. Strategic Growth in a Growing Market

    • As the second-largest advertising market globally, China’s digital ad spending is expected to exceed $140 billion in 2024, positioning it as a critical area for international advertisers.
    • IAS’s entrance into China supports its long-term international expansion strategy, enhancing brand safety, fraud prevention, and measurement for advertisers operating in or targeting the region.

Statements from Leadership:

  • Lisa Utzschneider, CEO of IAS, highlighted that IAS is one of the few measurement solutions capable of addressing the unique needs of the Chinese market, emphasizing the importance of filling the gap in comprehensive measurement solutions for advertisers.
  • Tracy Cui, Vice Secretary-General of IAB China, echoed the importance of the collaboration, stating that the partnership with IAS will help international brands access global standards while bringing new technologies to the Chinese market.

Building on Past Success in the APAC Region:

  • This expansion builds on IAS’s ongoing efforts in the APAC market, where the company has already strengthened its presence in Hong Kong, Taiwan, Thailand, and Vietnam.
  • IAS’s operations now span across multiple APAC countries, including Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, and Vietnam.

AudiencePoint Launches Revolutionary Engagement Suite for Email Marketers

AudiencePoint Launches Revolutionary Engagement Suite for Email Marketers

email marketing 5 Dec 2024

AudiencePoint, a pioneer in email marketing innovation, has launched its next-generation Audience Engagement Suite, a robust toolset designed to redefine how email marketing drives revenue and fosters deeper audience engagement. With a focus on transparency and data-driven optimization, AudiencePoint's Inbox Placement solution ensures emails land in the inbox exactly when they matter most.

Key Features and Benefits:

  1. Revolutionizing Inbox Placement

    • AudiencePoint's Inbox Placement solution offers enhanced visibility, helping marketers determine exactly where their emails land—whether in the inbox or the spam folder. This innovation addresses the limitations of traditional methods like seed lists and panel data, offering more accurate insights and empowering marketers to improve email delivery.
    • Dr. Matthew Dunn from Campaign Genius notes, "AudiencePoint’s Inbox Placement will restore transparency to email marketing, making engagement measurable and visible again."
  2. Improved Engagement and Data-Driven Decisions

    • By leveraging direct, subscriber-level data from a pool of over 700 million unique email addresses, AudiencePoint offers unparalleled insight into subscriber behavior. This enables brands to refine their segmentation, re-engage inactive subscribers, and maximize the effectiveness of their campaigns.
    • Success stories like Jay Graves from Style Blueprint, who saw a 30% boost in engagement after using Inbox Placement technology, demonstrate the significant impact of optimizing inbox placement.
  3. Subscriber Deployment Optimization (SDO)

    • The Engagement Suite features SDO, which allows marketers to send messages at the optimal time for each subscriber based on their historical engagement trends. This goes beyond traditional send-time optimization, significantly increasing open rates and conversions while fostering deeper connections with audiences.
  4. Ethical Data Use and Privacy Compliance

    • AudiencePoint emphasizes the ethical use of real subscriber data, sourced responsibly from trusted brands. The suite adheres to stringent GDPR and CPRA standards, ensuring that data privacy and compliance are always prioritized, enabling marketers to focus on meaningful engagement without compromising integrity.

Statements from Leadership:

  • Andy Perez, CEO of AudiencePoint, emphasizes the importance of genuine audience connections, stating, "Email marketing is about more than reaching inboxes; it's about reaching real people."
  • AudiencePoint's ethical approach and focus on actionable insights set it apart in an increasingly data-driven and privacy-conscious marketing environment.

AKOOL and LiveX AI Transform Customer Engagement with Conversational AI and Dynamic Avatars

AKOOL and LiveX AI Transform Customer Engagement with Conversational AI and Dynamic Avatars

technology 5 Dec 2024

AKOOL, a leader in Generative AI for personalized visual content, has partnered with LiveX AI, a frontrunner in multimodal AI agents, to redefine the way businesses interact with customers. The collaboration combines LiveX AI’s high-precision conversational AI agents with AKOOL’s cutting-edge dynamic avatar technology, addressing the limitations of traditional virtual agents and offering a new standard in customer engagement.

Key Features and Benefits of the AKOOL-LiveX AI Partnership:

  1. Real-Time, Accurate Problem-Solving
    The integrated solution combines multimodal AI agents with AKOOL avatars to deliver fast and accurate resolutions for tasks such as personalized recommendations, sales support, product education, customer service, order tracking, and even churn prevention. This results in a seamless customer experience and more efficient problem-solving.

  2. Natural, Empathetic Interactions
    By leveraging advanced conversational AI, the new system can understand user emotions and intent, providing tailored responses that address customer needs with empathy. Whether it's resolving conflicts, recommending upgrades, or offering support, the AI adapts dynamically to the situation, ensuring a more human-like interaction.

  3. Integrated Conversational and Visual Intelligence
    AKOOL's avatars are designed to adapt in real-time to customer inputs, enhancing engagement with a highly immersive experience. This integration of conversational AI and visual intelligence creates a cohesive and dynamic interface, bringing a human-like touch to digital interactions.

  4. Improved Customer Engagement and Satisfaction
    The partnership delivers a more effective and emotionally resonant way for businesses to engage with customers. The ability to blend visual avatars with conversational AI makes interactions feel more authentic, fostering trust, boosting satisfaction, and improving self-service rates.

Leadership Insights:

  • Jiajun Lu, CEO of AKOOL, shared, “By combining our strengths, we’re addressing critical pain points in AI-powered customer support. This partnership sets a new standard for intelligent, immersive interactions.”

  • Jerry Li, Co-Founder and CEO of LiveX AI, added, “At LiveX AI, we’ve helped millions of users build strong connections through AI-driven interactions. With AKOOL’s avatars, we’re taking customer engagement to the next level, adding a face-to-face element that fosters trust and satisfaction.”

Mediaocean Launches CSP Program with Interpublic, Omnicom, and WPP

Mediaocean Launches CSP Program with Interpublic, Omnicom, and WPP

advertising 4 Dec 2024

Mediaocean, a leading provider of omnichannel advertising solutions, has announced the launch of its Certified Service Partner (CSP) program. This initiative aims to empower participants with advanced ad tech solutions like Flashtalking and Protected by Mediaocean for ad serving, creative optimization, fraud detection, brand safety, and paid social optimization.

1. Key Features of the CSP Program:

  • Integration of Flashtalking and Protected by Mediaocean solutions.
  • Focus areas: ad serving, creative and paid social optimization, fraud detection, and brand safety.
  • Designed to enhance omnichannel advertising strategies.

2. Strategic Partnerships with Interpublic, Omnicom, and WPP:

  • These agencies are the first partners of the CSP program.
  • They continue leveraging Mediaocean’s Prisma platform for omnichannel planning, buying, and billing.
  • Each agency will acquire a minority stake in Mediaocean, strengthening their collaboration.

3. CEO's Vision for the CSP Program:

  • Bill Wise, Co-Founder and CEO, highlights the program's potential to:
    • Deepen adoption of Mediaocean’s ad tech solutions.
    • Enable investments in AI innovations and acquisitions for complementary solutions.
  • He views this initiative as a step toward simplifying the complex advertising ecosystem.

4. Acquisition Plans with Innovid:

  • Mediaocean plans to merge Innovid with Flashtalking to create a global independent ad tech platform.
  • Until the acquisition is finalized, both entities will operate independently.

5. Expansion Opportunities for CSP:

  • The program and investment opportunities may extend to other agencies.
  • Michael Kassan’s 3C Ventures played an advisory role in structuring the program.

Mediaocean’s CSP program marks a transformative step in the omnichannel advertising landscape. With strategic partnerships, planned acquisitions, and a focus on innovation, the company aims to empower marketers and agencies to navigate the evolving ecosystem effectively.

Renovi Lists on MEXC and Trader Joe, Unveils Future Innovations

Renovi Lists on MEXC and Trader Joe, Unveils Future Innovations

technology 4 Dec 2024

Renovi, a pioneering platform in immersive in-game advertising, has reached a significant milestone with its listing on MEXC Exchange and Trader Joe. This development expands the reach of its $RNVI token, inviting players, developers, and advertisers to join its transformative ecosystem.

1. $RNVI Token and Its Role in Gaming Innovation:

  • Central to Renovi’s mission of redefining gaming and advertising experiences.
  • Provides seamless access for users to engage with and benefit from the platform.
  • Designed to enhance connections among players, developers, and advertisers.

2. Upcoming Enhancements to the Renovi Platform:
Renovi is set to introduce groundbreaking updates, including:

  • Unreal and Cocos SDK Integration:
    • Enabling a wider reach to developers with tools for immersive advertising.
    • Facilitating smoother ad placements within games.
  • Diverse Ad Formats:
    • Offering innovative styles of in-game ads for improved engagement.
    • Enhancing monetization opportunities for game developers.
  • The Renovi Hub:
    • A central hub showcasing games that use Renovi’s platform.
    • Allowing players to earn rewards through interactive advertisements.
  • Strategic Partnerships:
    • Upcoming collaborations to accelerate the launch of the Renovi Hub.
    • Partnerships designed to boost ecosystem growth.

3. Why These Advancements Matter:

  • Solidifies Renovi’s commitment to creating rewarding experiences for gamers, advertisers, and developers.
  • Simplifies in-game monetization while improving engagement.
  • Positions $RNVI holders as essential contributors to the platform’s growth and innovation.

Renovi’s listing on MEXC and Trader Joe marks a pivotal moment in its journey to revolutionize in-game advertising. With upcoming features like SDK integration, diverse ad formats, and the Renovi Hub, the platform is poised to deliver an enhanced, seamless, and engaging experience for all stakeholders.

Amperity Unveils AI-Powered Customer Data Cloud to Revolutionize Data Insights

Amperity Unveils AI-Powered Customer Data Cloud to Revolutionize Data Insights

business 4 Dec 2024

Amperity has launched its Customer Data Cloud, an AI-powered platform designed to help businesses turn raw customer data into actionable business assets. Built on a Lakehouse architecture, this innovative solution addresses the challenges brands face in organizing and activating customer data efficiently.

1. The Need for AI-Driven Customer Data Solutions:

  • Data consumption is projected to grow by 165% by 2028 (Statista).
  • Brands struggle to organize data rapidly to derive actionable insights.
  • Amperity’s AI solutions bridge the gap by transforming data into strategic assets.

2. Core Capabilities of Amperity Customer Data Cloud:

  • AI-Powered Identity Resolution:
    • Machine learning-powered resolution finds connections in online and offline data.
    • Accurately links diverse customer data to create persistent profiles.
  • Industry-Specific Data Modeling:
    • Pre-configured models and lifecycle management tools accelerate customer 360 development.
  • Self-Service Data Access:
    • Reverse ETL tools and GenAI capabilities enable non-technical users to explore data independently.
    • Reduces reliance on technical teams for ongoing data requests.
  • Intelligent Change Management:
    • Built-in GenAI assists in error resolution and workflow testing.

3. New Features to Enhance Business Efficiency:

  • Real-Time Tables:
    • Enables brands to act on real-time streaming data for perfectly timed customer experiences.
  • Amperity Bridge for Snowflake:
    • Facilitates secure sharing of millions of customer records without complex integrations.
  • Bring Your Own Storage:
    • Zero-copy data access for AWS users, ensuring data stays within a brand’s environment.

4. Transformative Impact Across Industries:

  • Alaska Airlines:
    • Unified six million loyalty profiles, increasing loyalty conversions by 197%.
    • Enhanced accuracy by 2.3x compared to a leading consulting firm.
  • BECU (Boeing Employee Credit Union):
    • Saved over 76 hours weekly on email reporting and marketing execution.
    • Enabled timely, personalized offers, improving member engagement.

The Amperity Customer Data Cloud is redefining how businesses handle customer data, offering unprecedented accuracy and efficiency. From real-time identity resolution to innovative features like zero-copy storage, Amperity empowers organizations to create personalized, timely customer experiences while reducing operational burdens.

   

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