advertising 19 Jan 2024
IAB Tech Lab, the global digital advertising technical standard-setting body, unveiled its key priorities and roadmap for 2024 today. The roadmap addresses crucial pain points and challenges, ensuring the industry is aware and actively engaged in evolving digital advertising standards.
The 2024 roadmap identifies colossal shifts in digital advertising, happening simultaneously in the form of critical browser and platform changes, ongoing privacy regulation globally, accelerated growth in streaming (CTV), combined with the convergence of CTV and linear television, and cross-environment measurement challenges in an ever-expanding environment of signal loss.
"The digital advertising industry is standing on the precipice of profound change," said Anthony Katsur, CEO of IAB Tech Lab. "The specifications we've outlined don't just reflect anticipated shifts – they're a clarion call for industry adaptation and resilience. We're dedicated to championing collaboration and embrace this critical year as an opportunity to shape a more adaptive and ethically sound future for digital advertising."
IAB Tech Lab's Product Roadmap showcases its top priorities as developed by its global members and approved by the Board of Directors, comprised of industry leaders from over thirty leading ad tech, media companies, and agencies:
To support adoption, IAB Tech Lab will provide persona-based implementation guides, host events tailored to specific industry segments, and offer extensive supporting materials for specifications, ensuring a simple integration process. IAB Tech Lab will also expand its educational outreach to guide the market through implementation use cases, leveraging workshops, expert-led events, and tailored educational sessions designed to empower industry participants with actionable insights.
In conjunction with its 2024 priorities, IAB Tech Lab is excited to announce its 10th anniversary at the IAB Tech Lab Summit on June 11-12, 2024. This milestone event will celebrate a decade of setting technical standards, industry collaboration, and innovation, and will showcase critical industry achievements. The summit will include keynote speakers addressing artificial intelligence, privacy & data security, and a lifetime achievement awards dinner recognizing exceptional contributions to the digital media industry.
There is no shortage of standards work to be done in 2024, and while IAB Tech Lab's focus is evident with its top priorities, the industry also needs to continue evolving existing standards. OpenRTB saw three version updates in 2023 to support new features for programmatic efficiencies in CTV, identify potential Made-For-Advertising sites and more. The working group already has a dozen working proposals to consider for 2024 updates. We'll also see much-needed changes in the VAST standard to support the Creative ID Framework.
2024 signifies a new phase in elevating industry standards and fostering a more robust, efficient, and data-secure digital advertising ecosystem. IAB Tech Lab urges digital advertising professionals and technical experts to engage actively in its initiatives, adding their input to develop industry standards to drive the global digital ad economy forward.
data management 19 Jan 2024
DataGrail, the leading Privacy Control Center™, today announced several executive appointments as the demand for its products escalates. Over the past year, DataGrail has significantly grown its customer base, adding logos such as SHEIN, Compass, Carvana, and New Balance, that seek guidance and full-proof solutions from a trusted source in the face of unprecedented data privacy challenges. Entering this new phase of growth, DataGrail added Eric Brinkman as its VP of Product. Brinkman is charged with building solutions that transform how brands manage data privacy. This includes deepening the product functionality of its existing products and expanding into new areas to make DataGrail the most complete data privacy platform and the cornerstone of any risk management program. He’ll also explore product innovations in AI governance, automated system detection, responsible data discovery, and unified user consent. DataGrail also hired Jamie Dudley as Chief Revenue Officer (CRO) to oversee all revenue generation processes, while marketing veteran Lauren Volpi joined DataGrail to scale its go-to-market efforts and oversee a brand refresh as DataGrail focuses on household names. The company rounded out its executive team on the heels of its first annual DataGrail Summit, where leaders across legal, security, and privacy convened to discuss the future of data privacy. “Data privacy will be the issue that defines this decade, and it’s growing more complex daily. DataGrail has assembled a world-class team committed to delivering solutions 100% focused on solving data privacy challenges to safeguard both companies and consumers,” said Daniel Barber, CEO and Co-founder of DataGrail. “Eric, Jamie, and Lauren understand the market need and will use their respective expertise to show how DataGrail is uniquely suited to lead companies forward with data privacy top of mind.”Company adds Eric Brinkman as VP of Product, Jamie Dudley as CRO, and Lauren Volpi as SVP of Marketing
artificial intelligence 19 Jan 2024
86% of consumers believe retailers should be taking steps to make artificial intelligence (AI) more diverse, equitable, and inclusive (DEI), according to the Talkdesk Bias & Ethical AI in Retail Survey, which provides insight into customer experiences and expectations in the ever-changing world of AI. This belief comes as 64% of shoppers say they have received an AI-powered product recommendation that did not match their preferences, interests, or previous shopping behaviors a number that is even higher for Hispanic (72%) and Black (69%) shoppers. Meanwhile, 60% of shoppers avoid AI-fueled product recommendations because they are biased or stereotypical.
Talkdesk®, Inc., a global AI-powered contact center leader for enterprises of all sizes, surveyed 1,000 American shoppers, ages 18 to 54+, finding that ethical and transparent use of AI is top of mind. In fact, 44% of respondents worry that AI will make the shopping experience less inclusive because brands aren't deploying it responsibly, with Hispanic (50%) and Asian (52%) consumers most concerned, and only 39% believe retailers take into account diverse communities when using or developing AI products.
Additional findings from the report include:
Transparency is Key With AI and Customer Data Usage
Where Retailers Should Go From Here
Supporting Quote
Shannon Flanagan, general manager and vice president of Retail & Consumer Goods at Talkdesk, said: “The power of AI is undeniable as retailers increasingly leverage it to build stronger customer relationships and offer a more personalized shopping experience. That being said, without the proper commitment to responsible AI, it could have the power to do the exact opposite. Retailers operate in an environment where every single customer interaction matters. If their AI strategy does not ensure the application of this technology is responsible and ethical, they risk losing their customer base.”
artificial intelligence 19 Jan 2024
BrightEdge, the global leader in organic search, content and digital marketing automation, today released new data that highlights how significantly Google’s AI-enabled Search Generative Experience (SGE) launching soon will impact companies and their bottom line. According to the data, an estimated 84% of queries on Google Search will be boosted by generative AI. The data also shows that healthcare, e-commerce and B2B technology industries will be impacted the most significantly.
The business world is on the brink of a massive tectonic shift powered by generative AI that will completely change how brands market and sell their products. Google is expected to imminently go live with SGE, which uses AI to supercharge Search. Google will be able to analyze the context, sentiment, intent and nuances of each individual search, and in response, assert an opinion, telling users what to consider and care about.
For example, imagine a user searching for a specific car model. In the past, that query on Google Search might have shown results with links to a dealership website, car maker’s Wikipedia page, Carfax.com, Top Gear and Consumer Reports. The onus was on the consumer to do their research and form an opinion. Now, with SGE, the top result will be AI-generated content that will highlight key purchase considerations. In this case, that may look like high maintenance costs, poor gas mileage and supply chain constraints. This represents a fundamental shift in the way a search engine interacts with a user, moving from static queries to dynamic two-way conversations.
Since Google launched the beta version of SGE, BrightEdge has been piloting a new technology, BrightEdge Generative Parser™, that can accurately measure and track industry-by-industry patterns within SGE results as they happen. In order to determine how significantly SGE will impact search strategies by industry, BrightEdge has evaluated thousands of representative keywords spanning nine unique industries and a variety of markets. Here’s what the data reveals:
Based on the data, it’s likely that once SGE goes live it will impact over $40 billion per year in ad revenue on Google for marketers.
“For nearly two decades, BrightEdge has been providing high-performing marketers with powerful technology solutions and innovations that evolve their businesses and digital strategies. Google’s AI-powered SGE is the biggest technological shift that our industry has seen to-date,” said Jim Yu, Founder and Executive Chairman of BrightEdge. “This moment in time marks an earth-shattering inflection point for the marketing industry in particular, which has relied on organic search strategies to reach customers and sell products since the invention of digital marketing. Understanding how a brand is exposed to SGE is not just a matter of curiosity for marketers it’s one of survival.”
“Think about the pervasiveness of Google Search; it’s the gateway to the Internet,” said Albert Gouyet, VP of Operations at BrightEdge. “Imagine how often you use it when you buy a new pair of running shoes, choose what movie to see over the weekend, decide where to take your family for spring break, or pick a restaurant for dinner. Almost every decision a consumer makes online will be influenced by the new search experience. As Google’s latest launch catapults us from query-driven search to conversation-driven, AI-enabled search, the data clearly shows that businesses need to prepare themselves for a Search revolution.”
digital marketing 19 Jan 2024
Estimated overall ad spending in U.S. will post a robust 10.4-percent growth in 2024, reaching $570 billion fueled by $17 billion in political ad spending, and continued transformation of data-driven advertising, from connected television (CTV) to numerous digital ad channels where double-digit percentage growth is expected, according to Winterberry Group which announces today its “Outlook for Advertising, Marketing and Data 2024” research estimates. The new research also includes a recap of 2023 ad spending across online and offline media channels.
The predictions from the strategic consultancy also included a variety of business drivers and trends, from macroeconomic influences such as interest rates and unemployment, to advertising-specific concerns, among them the loss of third-party cookies as reliable household and individual identifiers for advertising, and their attempted replacement by a variety of technologies and techniques. For the 18th consecutive year, the research was announced by Bruce Biegel, senior managing partner, Winterberry Group at a Marketing Club of New York program in New York City.
“Nearly half the projected ad spend growth will be driven by the forthcoming election cycle,” Biegel said, noting that the campaign for U.S. President and Members of Congress – which likely will be divisive may dampen the ability of brands to connect with consumers, since brands tend to steer clear of ad-financing in media channels where controversy foments. “Still, the investment in data-driven channels will flourish where spending on data, data services and data infrastructure is predicted to top $36 billion in 2024, a 13.9-percent increase.”
“Another predominant trend is that retail media networks with impact on display, search and social are expanding to become ‘commerce media networks,’ where platforms with significant first-party data are leveraged to support targeted, measurable business objectives,” Biegel said. “Underpinning this growth is the need for a fast data infrastructure the data layer that enables the application of AI-led intelligence for both the buy side and sell side.”
According to the Winterberry Group predictions, online spending will post growth of 14.9 percent to an estimated $368.8 billion while offline spending will reverse 2023 declines and record ad spend growth of 4.1 percent to $203.1 billion, primarily driven by the political and major event cycle, the Winterberry Group predicts.
Among trends identified in the research areas of focus include:
artificial intelligence 19 Jan 2024
Today, Intellimize, a leading AI experience optimization and personalization platform, proudly announces the launch of its latest feature, AI Landing Pages, an innovative feature designed to meet the ever-growing demand for personalized digital experiences.
In October 2023, Intellimize introduced Intellimize Landing Pages, empowering marketers to create personalized landing pages at scale. Building upon this success, AI Landing Pages takes personalization to new heights, providing the fastest and most efficient way to craft landing pages tailored to every persona, utilizing generative AI. Users simply select an existing page from their website to serve as a template for the new landing page, then prompt Intellimize's powerful AI on how to adjust messaging on the page.
The AI tailors the copy based on the target audience, persona, or specific target account, ensuring brand attributes are replicated on the page. Users don't need to compose full sentences; instead, they guide the AI with prompts for a personalized touch.
Once the AI generates a draft by rewriting text elements, users can review and refine the content. Intellimize's Visual Editor allows for easy customization, ensuring the final output aligns perfectly with the brand's voice and message.
"Scaling personalized landing pages has never been easier," says Guy Yalif, Co-Founder and CEO at Intellimize. "The release of AI Landing Pages represents our commitment to providing marketers with cutting-edge tools that continue to evolve as AI technology advances."
The release of AI Landing Pages enables customer-facing teams in sales and marketing to create sleek and personalized pages in seconds to leverage across an endless number of campaigns and use cases. AI Landing Pages empowers insightful experimentation without disrupting the base website and keeping standard marketing and branding guidelines in place.
"AI Landing Pages gives sales teams the ability to build pages for their named accounts or tier 1 ABM accounts really easily, allowing the marketing team to either review or giving sales teams full autonomy," said Tracy Sestili, Chief Revenue Officer at Intellimize.
technology 18 Jan 2024
Stova, a leading event management technology platform, today announced the appointment of Kirk Ziehm as Chief Executive Officer. Kirk brings over 20 years of exceptional leadership experience to Stova, including significant go-to-market experience in event technology. Kirk joined Stova’s board in 2023 and will continue to be a board member in his new capacity as CEO. Most recently, Kirk served as CEO and board member of Movista, a retail execution SaaS company revolutionizing the way retail teams collaborate, and he will continue his involvement at Movista as a board member. Eric Lochner, Stova’s outgoing CEO, led the company’s transition in which he integrated three industry leaders to create Stova’s comprehensive technology platform, launched a new brand, and led the company to its next stage of growth. Mr. Lochner will be leaving Stova to pursue new opportunities outside event technology. Eric remains an investor in Stova. "Kirk is an accomplished software leader with incredible depth in event technology. We welcomed him to Stova’s board of directors in 2023, and he immediately demonstrated his understanding of the unique nuances of event technology and how to deliver success for customers. We are thrilled to bring him on as Stova’s new CEO to help drive the next phase of growth,” said Mike Biggee, Managing Partner of Sunstone Partners, Stova’s lead investor. “We are appreciative of the great contributions that Eric Lochner has made as CEO.” "Stova is in a truly unique position in the event technology industry. We have the most comprehensive suite of event technology solutions that can deliver any event, regardless of size or complexity," said Ziehm. "I am thrilled to be joining Stova’s accomplished team at this inflection point in the company’s growth trajectory and the industry’s future, with changes in the entire event landscape post-Covid still being layered into a new normal. I look forward to working with our customers and our team to deliver excellence at any event scale, scope or complexity."Kirk Ziehm joins as CEO to drive Stova’s industry-leading event technology solutions
advertising 18 Jan 2024
Perion Network Ltd., connecting advertisers with consumers through technology across all major digital channels, announced today that it integrated its Vidazoo video monetization platform with Amazon Publisher Services (APS).
The integration includes two prominent APS services:
Both of these industry-leading services will now enable APS-connected publishers to easily integrate and collaborate with the Vidazoo video platform. By doing so, Vidazoo will be poised to tap into a significant volume of premium demand from leading advertisers. Both APS and Vidazoo are committed to offering publishers complete transparency, control and brand safety, which this integration makes possible, all supported by Amazon Publisher Services’ scalable and efficient cloud infrastructure.
“Vidazoo platform is a central part of Perion’s diversified offering. This collaboration with Amazon Publisher Services will enable us to significantly advance our mission of working with the industry’s leading publishers and connecting them with premium advertisers,” said Tal Jacobson, CEO of Perion. “Today’s consumers demand lightning-fast page loads and virtually no latency. Connecting publishers via a single call, will bring satisfaction to users and improved performance and ROI lift to brands”.
“Vidazoo's recent integration of Amazon Publisher Services will help increase demand among APS-connected publishers, across both our Transparent Ad and Unified Ad Marketplaces. In addition to their robust display capabilities, Vidazoo's expertise in digital video, which spans diverse creative formats, will further enhance users' online experience and resulting publisher monetization.” said Bryan Everett, Global Head of Third-Party Demand, Amazon Publisher Services (APS).
The Vidazoo platform enhances publisher returns through advanced ad impressions, user engagement and revenue strategies. Vidazoo's unique video and display technology stack, alongside dedicated in-house teams for development, ad-ops and demand, positions it as a top-tier global monetization platform. As part of Perion, Vidazoo has expanded its reach and capabilities, continuously innovating across web and mobile. Perion is committed to driving the future of digital advertising with every impression.
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