Digital Envoy Launches LocID: Revolutionizing Geospatial Targeting | Martech Edge | Best News on Marketing and Technology
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Digital Envoy Launches LocID: Revolutionizing Geospatial Targeting

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Digital Envoy Launches LocID: Revolutionizing Geospatial Targeting

Digital Envoy Launches LocID: Revolutionizing Geospatial Targeting

Business Wire

Published on : Jan 8, 2025

Digital Envoy, a pioneer in IP intelligence and consent-based location data, has introduced LocID, a groundbreaking geospatial ID designed to tackle IP address geolocation volatility. This innovative solution promises to revolutionize the digital advertising ecosystem by enhancing audience targeting, campaign performance, and privacy compliance.

  1. The Problem of IP Volatility

    • Over 40% of IP addresses are reallocated within 30 days, leading to wasted ad spend and reduced campaign performance.
    • Advertisers face mistrust due to outdated geolocation data affecting their targeting strategies.
  2. LocID: A Game-Changing Solution

    • Offers a single, fixed geospatial ID that remains consistent despite IP address changes.
    • Empowers CTV advertisers, DSPs, publishers, and others with precise audience targeting and optimized campaign results.
  3. Key Features of LocID

    • Geospatial Stability: Maintains targeted household consistency over time, reducing wasted ad spend.
    • Privacy-Centric Data Handling: Encrypts IP addresses into biddable IDs, compliant with GDPR and IAB frameworks.
    • Streamlined Campaign Operations: Seamlessly integrates into every stage of the campaign lifecycle.
    • Advanced Analytics: Provides stable geolocation identifiers to offer deep audience insights.
    • Improved Data Partnerships: Minimizes errors by ensuring consistent location targeting across campaigns.
  4. Partnership with Hoppr

    • Incorporates Hoppr’s advanced market intelligence and audience insights.
    • Enhances LocID with first-party behavioral data, creating a consistent and privacy-compliant geospatial framework.
  5. Leadership Insights

    • Vinod Kashyap, Chief Product Officer at Digital Envoy: Highlighted LocID’s ability to address IP volatility while prioritizing privacy and campaign accuracy.
    • George Gelavis, Executive Chair at Hoppr: Emphasized LocID’s role in democratizing digital advertising and fostering precision in audience engagement.

LocID sets a new benchmark in the adtech ecosystem by addressing the longstanding challenges of IP volatility and geolocation inconsistency. Its robust features, privacy compliance, and partnerships like Hoppr make it a transformative tool, leveling the playing field for advertisers and publishers while driving meaningful results in digital advertising.