The Impact of Audio Advertising

Based on those stats alone, audio is everywhere, which means the opportunities for audio advertising are endless. Below are some quick tips for developing effective audio advertising:

Audio Advertising Tips

1. Audio isn’t clicked—be visually descriptive and include a strong call-to-action (CTA)

According to Spotify, audio ads outperform display ads with brand recall by more than 24%. Focus on strong visual storytelling. While some audio units include a companion banner, always mention your brand and prompt customers with a clear, concise CTA, to direct them where to learn more, buy now, visit your website or local store, or take another immediate action. If there is a companion banner in addition to your audio ad, make sure to keep it simple. It should complement and not distract from the audio ad.

2. Keep it friendly and conversational

Audio advertising allows you to reach customers 1:1 in a highly engaged setting. They may be listening to voices from a trusted news source, a favorite podcast, or singing along to their favorite song.  Avoid abrupt sound effects or loud background music that may distract from your primary message and turn off customers. As you often have only :15 or :30 seconds to communicate your message, make sure to highlight your brand or service upfront.

3. Consider your audience and context

With PMPs or private marketplaces, you can target your audience with precision and reach specific, brand-safe audio environments. There are also emerging creative opportunities with vendors like A Million Ads that allow advertisers to dynamically personalize audio messages based on criteria such as age, demo, language, weather, day of the week, and more.

4. Dive into reporting!

Programmatic audio advertising is highly measurable and valuable. With VAST (the IAB’s standard method of serving video and audio), compliant media partners can allow advertisers to report on in-stream audio metrics traditionally available for digital video – such as quartile or completion rate – and compare performance against other digital channels such as paid display, video, search, or social media ads.

5. Audio Advertising with Basis

At Basis, we have the knowledge and experience of our Media Services Organization, backed by Basis DSP, the industry’s most comprehensive and automated digital media platform.

With the rise of major streaming services like Spotify and Pandora, an abundance of scaled, brand-safe podcasts, and the increasing availability of inventory across programmatic channels, it’s now easier than ever to reach your target customer.

Learn more about Audio Advertising with Basis.

Sources:
https://www.iab.com/wp-content/uploads/2018/12/Digital-Audio-Buyer%E2%80%99s-Guide-%E2%80%93-2.0-01112019.pdf

Report: Apple sold nearly 60 million AirPods in 2019, grabbing 71% of totally wireless headphone revenue


https://press.aboutamazon.com/news-releases/news-release-details/customers-shopped-record-levels-holiday-season-billions-items

Infinite Dial 2019 from Edison Research

https://www.forbes.com/sites/adamrowe1/2019/07/16/us-audiobook-sales-neared-1-billion-in-2018-growingf-25-year-over-year/#576e69be6050
https://www.emarketer.com/content/spotify-to-surpass-pandora-listeners-by-2021-sooner-than-expected
https://www.forbes.com/sites/bradadgate/2019/11/18/podcasting-is-going-mainstream/#4b0e92ea1699
https://www.statista.com/topics/3170/podcasting/
https://www.spotifyforbrands.com/en-PS/insights/the-power-of-audio-chapter-2/

Home


https://www.iab.com/guidelines/digital-video-ad-serving-template-vast/

Ad Servers and Display Advertising  

Ad servers support the core function of digital display advertising – they serve ads! For marketers, an ad server manages (or “trafficks”) creative assets, landing pages, or any tracking elements – and produces standardized ad tags.

These tags can then be set-up in a DSP or sent directly to publishers to monitor delivery and track campaign performance. Since creative assets are hosted by the ad server, a marketer can make real-time updates to their messaging and effectively manage and optimize rotation of ads across all media partners.

They also have a unified, holistic view of performance instead of relying on reports from multiple partners. Major ad servers include Google Campaign Manager (formerly DoubleClick), Sizmek, or FlashTalking. For publishers, ad servers handle the decision-making, targeting, and placement of ads on their website or app. They can also provide reporting on available ad inventory or basic performance reports, such as the number of impressions, clicks, or click-through rate (CTR).

Over time, certain functionality has been enhanced or integrated into other parts of the ad tech ecosystem. Ad servers often offer rich creative design functionality allowing users to author ads directly in the UI. Some can often integrate directly into tag management or analytics systems, for better workflow and reporting outputs.

Important Considerations for Selecting an Ad Server

If you are thinking about onboarding an ad server, here are a few recommended thought-starters:

1. Cost

Ad serving fees are generally variable costs based on your expected volumes and the creative formats being served. Certain ad platforms may also carry licensing fees or initiation costs. There may also be upcharges for certain formats or accessing certain data.

2. Customer & Technical Service

While most ad servers offer helpful documentation, many are only hosted and self-guided. If you need 1:1 support for your teams, ask about onboarding, training, and ongoing customer service. Some platforms offer full managed service or other technical services at additional cost.

3. Platform Availability

Ad servers should indicate their uptimes and provide sufficient notice for any planned outages or downtime. While many platforms offer self-service reporting, some formats or data is available by request only.

4. Workflow

As ad serving systems are often utilized by multiple teams – from creative and operations, to reporting and finance – it’s best to involve those teams in the process, so everyone knows how it works and where they can find the information they need.

5. Data & Security

Most common ad servers offer real-time delivery, but we recommend ensuring data is regularly audited and follows industry-standard guidelines for measurement. The Media Ratings Council provides an updated list of which ad servers are accredited here. For security, multiple users may need to access campaign data for different reasons. Be sure to confirm that reporting can be scheduled or selectively permissioned.

6. Integrations & APIs

Thinking ahead, examine how an ad server can improve your workflow. Many offer open APIs that can automate or remove repeated tasks for your team. For example, Basis platform has a two-way integration with Google’s Campaign Manager. This automates the trafficking/setup process and syncs reporting.

Do you have more questions about how to leverage ad servers as it pertains to your display advertising? At Centro, we have the knowledge and experience of our Media Services Organization, backed by Basis—the industry’s most comprehensive and automated digital media platform.

Connect with us today to improve your display advertising campaign’s performance!

Marketers today know how critical personalization is to capturing audience attention, engaging them, and influencing them to become customers. That said, the realities and results of investing in personalization are not so simple.

Gartner research predicts 80% of marketers who invest in personalization will abandon their efforts by 2020. 

If personalization is so valuable, why let it go?

The issue lies in two key areas: 

Here’s what your business can do to avoid these perils and scale your personalization strategy: 

Utilize Identity Data

There’s a wealth of relevant consumer data businesses can utilize to better target and market to their audience. However major regulations like GDPR and the California Privacy Act have caused many businesses to shy away from using personal identity data from their audience. 

This is causing issues for businesses that want to scale their personalization strategy. In fact, 27% of marketers say data is a key obstacle to personalization in advertising. 

Utilizing identity data to track leads and personalize your advertising strategy is incredibly valuable. However, you must be prepared to manage your data in a way that complies with consumer privacy laws. 

The truth of the matter is, regulatory laws are going nowhere, and marketers need to adapt their strategy so they can utilize all the relevant data they need to effectively target their audience. Instead of relying on walled gardens for audience insights, start considering how you can legally manage your own audience identity data. Start by learning the requirements, then adapting your data collection and management strategy to match. 

Take Advantage of Opportunities to Improve Efficiency 

Securing all necessary audience data isn’t the only solution to scaling personalization. You also need the capacity to personalize content (ad copy, landing pages, and other digital creative). This requires considerable time and resources, making major challenges to scaling personalization. According to an Adobe survey, marketers rank time to create content as the top barrier to personalizing content: 

Top barriers to personalizing content and digital ad creative

So, what’s the solution? 

When searching for more time, the best course of action is to evaluate your internal processes to find ways to improve efficiency. Take a full audit of how your marketing team functions to see if there’s any way to improve time management. Also consider if any tasks can be automated. Even if they don’t relate directly to personalization efforts, freeing up time normally spent on other administrative tasks gives your team an opportunity to reallocate that towards marketing.

With that in mind, there are also quite a few aspects of ad personalization that can be automated. Using Dynamic Search Ads (DSAs) is one example. Available for both Google and Bing, Dynamic Search Ads automatically generate ad content based on your website copy. So if you have a lot of landing pages personalized towards different audience segments, DSAs can help you create relevant ad copy to match them. 

Headlines and display URLs can also be dynamically generated, personalizing ads based on the search queries people use to find your business. Automatically generating ad copy can improve marketing efficiency by saving time on the creation of ads. They can also improve campaign performance by delivering a more relevant message and helping businesses fill gaps in their keyword targeting strategy. 

Invest in the Right Technologies 

Utilizing Google Ad’s internal features to scale your personalization strategy is a start. However, there’s a lot you can also do to improve campaign efficiency and effectiveness using third-party tools as well. 

Two key areas to which to allocate budget are analytics and operational technologies. If you’re going to utilize all relevant audience data to inform your targeting and personalization strategy, you need powerful analytics technology to process it. 

The more data you utilize, the more opportunities to optimize and scale your personalization strategy. However, this also requires more time manually analyzing data and adjusting your campaigns. The most valuable analytics technologies offer automation features that help marketers analyze data and find the most relevant insights, fast.

Equally important to advanced analytics are operational technologies. These are tools that can help you automate adjustments to your marketing campaigns based on the latest data insights. 

The value of your data insights won’t matter unless you can act on them and do so quickly. So make sure you’re budgeting for the right analytics and management tools you need. Having gaps here makes your program less efficient, leaving numerous barriers to scaling personalization. 

Don’t Bite Off More Than You Can Chew 

Personalization in advertising is so often touted as the key to marketing success to a degree that business leaders set personalization goals beyond what they can handle. More importantly, these goals are beyond the scope of what you need to successfully scale your personalization strategy.

Not every single piece of content you create needs to be completely personalized to individual audience members. It’s more important at certain stages of your sales funnel. With that in mind, you can set up strategic objectives to prioritize personalization at key points along the customer journey. 

Personalization in advertising doesn’t have to be an all-or-nothing strategy. Start by taking a hard look at your marketing goals and decide what you need to personalize to achieve them. Over time, as you learn how personalization strategies influence your unique audience, you can adjust your strategy and scale it as needed. This is the most important factor that can help marketers illustrate ROI from their personalization efforts in the short and long term. 

The Bottom Line on Personalization in Advertising

Personalization is a complex marketing strategy that won’t drive much ROI for businesses unless they break down barriers to scaling it. Using the right approach, it’s possible to avoid these pitfalls and maximize the value of personalization to reach key marketing goals. Just remember to use all relevant data you can, improve the efficiency of your marketing program, invest in the right tools, and set realistic goals for success.

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To learn more about how our omnichannel DSP can empower you to implement unrivaled levels of personalization throughout your campaigns, get in touch with our digital media experts today.

What is CTR?

CTR, short for click-through rate, is one key indicator of how a campaign is performing. Depending on the campaign and industry, there are different ways to understand the rate in which users are clicking on your ads. As large agencies try to move away from this performing metric, advertisers still try to get the most valuable information out of their campaigns. CTR can be calculated by dividing the number of campaign clicks by impressions followed by multiplying by 100 in order to get a percentage. CTR can always be adjusted mid-campaign by following a few simple steps but first let’s discuss what defines a “healthy CTR”.

What Makes A Good CTR?

There are different studies for marketers to determine if they have a healthy CTR. Usually, running a more conversion-based campaign can likely generate a lower click-through rate, while running an awareness campaign, can typically lead to a higher one. A high CTR indicates that your ad or web page is engaging and highly relevant, while a lower one could possibly be due to poor copy and/or creative. If you look at CTR across different industries, the numbers vary. According to Oberlo, for B2B search ads, the average CTR is 2.41%; for eCommerce, the average CTR is 2.69%; and for home goods, the average CTR is 2.44%. Percentages tend to dip a bit for display advertising—for B2B, the average CTR is 0.46%; eCommerce, the average CTR is 0.51%; and home goods, the average CTR is 0.49%.

Improve your CTR for Display Advertising

There are different ways to improve your campaign’s CTR. For display advertising, make sure your creative catches the intended audience’s attention and that all copy/creative is relevant to what you’re marketing to consumers. Creating a thinner, or less broad audience can help as well. Make sure to layer each individual targeting parameter to narrow down your audience. Simply targeting people interested in an industry will not be enough to improve CTR performance. Another adjustment to make is by adding site links to every ad.  According to Google, adding several site links that are related to your initial ad can vastly improve your CTR by about 10-20%. A simple, fine-tune can rapidly increase your CTR.

Making display advertising more specific may also help your click-through rate. This is especially crucial if you are selling a product or service where there is a more saturated market. In many instances, a simple creative refresh can easily improve campaign performance. For search campaigns, focus on audience and keyword targeting—find different keywords that coincide with your brand.

Utilize a Top DSP

Questions on how to improve your CTR? At Basis Technologies, we have the knowledge and experience of our Media Services Organization, backed by Basis—the industry’s most comprehensive and automated digital media platform.

Learn more about Display Advertising with Basis.

Tracking customer interactions is one of the biggest challenges for businesses today. Especially as the number of relevant marketing channels continues to grow. 

There’s no denying the value of investing in numerous marketing channels to find, nurture, and convert leads. According to the 2020 Omnichannel Statistics Report, campaigns using three or more channels perform 287% better than single-channel campaigns.

Most businesses understand the importance of investing in omnichannel campaigns. However, few businesses manage to track all of their customer interactions across these channels. Failing to do so makes it challenging to maximize the true value of omnichannel marketing. 

The Benefits of Tracking All Customer Interactions 

If your company can’t track all customer interactions, you’re missing out on a lot of insights that improve sales, marketing, and overall business processes. Here are a few of the top opportunities you have when you can track all customer interactions: 

Learn More About Your Audience

The most immediate benefit of tracking all customer interactions is learning more about them. You’re able to track how your audience interacts with your website, products, social channels, in-app, across devices, and so on. With detailed behavioral data, you can get a deeper understanding of audience demographics, preferences, which channels they favor, and more. It’s possible to build accurate, in-depth buyer personas, then develop a more relevant marketing message and targeting strategy

Convert more leads 

When you prioritize updating your customer information, you ensure your marketing and sales teams have the most recent and relevant information about leads to work with. They can utilize this information to adapt their strategy and convert leads more quickly. Missing even a single interaction in a lead’s profile leads sales teams to make sub-optimal decisions because they don’t have the full history for this lead. 

Improve user experience

Once you understand how audiences interact with your business across platforms, you can identify user experience issues that you might not otherwise notice. For example, you might discover that people who visit your website on their desktop are more likely to purchase compared to those that use your mobile app. With this information, you can identify potential UX issues with your mobile app and improve it for a better customer experience. 

Improve customer service

Tracking all customer interactions includes monitoring support tickets and complaints from unhappy customers. It’s common to send complaints to an array of customer service representatives. However, with a complete log of the customer’s complaints, representatives are better prepared to solve problems.

Improving customer service has the added benefit of minimizing negative reviews and publicity for your business. Solving issues before unhappy customers voice their frustration on social media or review platforms is better for everyone.  

Increase loyalty and retention 

According to UCToday, 9 out of 10 consumers want an omnichannel experience with a business, no matter their channel of communication. In other words, if someone interacts with a chatbot and gets referred to a sales agent over the phone, they expect that agent to know all about the conversation they had with the chatbot.

Lots of businesses can't offer this kind of seamless experience, which frustrates consumers and makes them want to leave. However, when a business offers an omnichannel experience, consumers are much more likely to stick with the brand and become repeat buyers. 

Improve operations 

The best way to track audience interactions before and after they become customers is by using customer relationship management (CRM) software. CRM software helps you manage your customer database, regularly updating customer profiles with the latest information. 

If you utilize a CRM tool for this purpose, it’s possible to automatically eliminate errors in customer profiles, fix double submissions, and fill gaps. Doing this manually takes a lot of employee time. Automating the process of tracking customer interactions frees up internal teams to work on other tasks, improving operational efficiency and productivity in the process. 

Know the value of your marketing strategies

Tracking customer touchpoints gives you a fuller understanding of the customer's path to purchase. This makes it possible to better measure and attribute sales back to specific types of content, campaigns, and marketing channels. 

When you’re tracking every customer touchpoint, there’s no need to rely on simplistic attribution models like first or last click. You can assign unique value to every important touchpoint on the path to purchase, getting a better understanding of how they impact conversions. Accurate attribution brings key performance insights that can help you make smarter decisions to improve your marketing investment. 

Stay ahead of the competition 

It’s possible to track all customer interactions using the right tools. Yet plenty of businesses don’t bother because they don’t have the budget or don’t think they need to. However, the reality is that competitors in every industry are taking advantage of tracking all customer interactions. They benefit from better audience insights, improved operations, better UX, better customer service, and better marketing campaigns. Businesses like yours need to do the same if you want to stay ahead of the competition. 

What Next? 

If you don’t track customer interactions on even a small part of the customer journey, you’re missing a huge piece of the customer puzzle. There’s so much you can do to improve your business, marketing, and sales strategy when you have a complete understanding of the customer experience.  

The business-customer relationship is so complex that you simply can’t effectively digest it without investing in a marketing intelligence platform. A comprehensive marketing intelligence platform surfaces important insights you can use to improve your business in a lot of ways.

Working from home has many benefits. However, it's common for remote workers to struggle with maintaining connections to coworkers. In an office setting, it's so easy to connect over small conversations in the break room or at your desk. In a home setting, you've got to get creative!

In my opinion, the single biggest thing you can do to is to embrace your webcam. It's very easy to simply turn off the camera and, but that will really prohibit your ability to connect with coworkers. Trust me—none of us care about the state of your hair, makeup, clothing choices, pets interrupting, or children jumping into the frame.

Besides using your camera, here are my other top tips for maintaining connection while working from home:

  1. Set up virtual coffee dates, lunches, and happy hours with the people you work with.
  2. For managers, begin 1:1's with a mental check in, i.e. “How are you holding up?”
  3. Schedule weekly team meetings so everyone is receiving the same updates at the same time
  4. Call a coworker for no reason whatsoever, just to catch up!

Finally, here's what my coworkers who also work remotely had to share:

“Be available online at all times. Schedule 1-on-1s more frequently. Add your cell # to your signature. Ensure internet is working and if it goes out, have a plan to continue to stay productive!” – Alana Putterman

“I always chat my team first thing every AM to open that dialogue. Also, I like to pick up the phone and call about something that could be an email or chat, just to have that chance to actually connect.” – Alyssa Brown

"I really like having team meetings over FaceTime or Teams Video. This gives me the human connection with my team.” – Amanda Wallman

“Call your mom! Seriously. I think I talk to my mom more since WFH than before. I call and chat before work, during lunch, after work. It's a great way of engaging in social activity during the few minutes you have free and your mom will love it.  Trust me (just be careful, if you forget to call during lunch you might get text spammed with 'Are you OK?').” – Andy Alvarado

“Say 'Good Morning' via Teams the same way you would walking into the office.” – Ben Smith

“Set up a group text with your work friends. Pick up the phone and call someone if it is going to take 5 emails.” – David Lempp

“Schedule daily status calls with your team, utilize IMs, phone calls and video conferences. Oddly enough when I listen to podcasts, I feel more ‘connected’ than if I just listen to music.” – Kami Lentz

“Check in with clients, managers and teams more often than you typically might to prioritize relationship building. Picking up the phone more often helps big time.” – Kelly Wittmann

“Feel free to pick up the phone and give someone a call! Whether that's your team, clients, etc., not only does it feel good to have an actual conversation with someone, but you'll be surprised how much quicker/easier it is to talk through something vs. go back/forth on emails!” – Rich Brown

“Schedule a 1:1 with a colleague or co-worker for a mental health break. Try to mirror what would be a walk to the kitchen (if in office) with a quick chat.” – Holly Maine

“Call your team!! Think about how much you chat in the office. That doesn’t have to go away just because you are home. Pick up the phone and have a real-life conversation.” – Alyssa Hamm

Interested in joining our team? Check out our careers page.

Display Advertising

The world of online marketing can seem like it has a language of its own, with many terms that describe different types of advertising being used interchangeably. If all digital ads must be displayed on one device or another, what differentiates display ads other online ads?

Display ads, also known as banner ads, are visual ads that appear on a website or within a mobile app. In their simplest form, they are composed of an image, messaging, and brand messaging or a logo.

Screenshot of a display ad

Display advertising can include animation, video, or audio. The most complex examples can expand or include interactive elements. For example, an animated display ad could expand to play a video. Display advertising comes in many sizes—some run on both desktop and mobile environments, while others can only run on one or the other.

Display advertising is highly flexible in terms of content—with so many options, it’s important to be sure your message is tailored to the audience you are targeting. Display ads are known to be an effective tool for raising brand awareness and driving site traffic, but can also be an integral part of any campaign.

Ad Servers

Many of the display ads you see online are trafficked through an agency-side Ad Server, or a platform used to house display ads and the instructions for serving them. They allow you to set-up creative rotations and apply targeting parameters that determine who will see your digital ads.

Ad servers also house tracking tags (or pixels) that are placed on client websites to track campaign performance. They are incredibly useful as a centralized data source for campaign performance information across all elements of a multi-faceted campaign.

Advertisers rely on their reporting capabilities to monitor every aspect of the campaign, rather than having to depend solely on publishers for critical insights that inform their decision-making around how they reach the target audience.

Basis DSP is compatible with most ad servers—and Basis platform can help automate the ad server setup process via an API connection to ad servers such as Google Campaign Manager or Sizmek.

Learn more about Display Advertising with Centro.

The fundamental purpose of marketing intelligence involves analyzing all relevant internal and external data sources related to the marketing efforts and performance of a business and then using these insights to inform future strategic decisions. The majority of businesses track their marketing efforts using analytics tools and attribution strategies, yet few are tapping into the full breadth of insights marketing intelligence can provide. 

Marketing Intelligence Platforms have become essential

Most marketers today still consider marketing intelligence to be an advanced tactic reserved only for enterprise businesses. However, while the technology may indeed be more sophisticated than most, it’s also quickly become an essential tool for just about any business that is looking to expose granular insights and boost ROI. Here’s why: 

Omnichannel marketing is a must 

There are undoubtedly more marketing channels than ever before. Aside from traditional offline channels, there are now numerous social engagement providers, advertising publishers, mobile analytics portals, and call tracking technologies, etc. There are also too many content formats to count and different device types to optimize for. 

Marketers need to reach audiences across numerous relevant channels with a consistent message to move them down the sales funnel. Businesses that adopt an omnichannel marketing strategy have 91% greater year-over-year retention rates compared to businesses that don’t. The only way to effectively market across various channels is by using sophisticated automation tools that offer deep insights into which channels perform the best. 

Competition is getting steeper 

The global economy has made competition online tougher than ever. A decade ago many businesses only competed with regional or national markets. Now they have competition from eCommerce and service companies across the world, including Europe, China, and other emerging economies.

Today, it’s simply not enough to monitor local competitor tactics to inform your marketing decisions. You need to pay attention to the global landscape and adjust your strategy to earn your share of visibility online. This massive undertaking could easily become the full-time job of any data scientist. Marketing intelligence platforms offer an automated solution to optimize advertising efforts based on the latest market trends, including changes in competitor bid strategy and investment. 

There’s too much data 

With the exponential growth of marketing channels comes a significant increase in meaningful consumer data businesses can derive insights from. The sheer volume of data available to businesses now has grown exponentially throughout the past decade and a half. 

At the most basic level, there are relevant signals from every social platform, website behavioral data, search engine performance data, email engagement data, and more. Third-party platforms can also offer valuable audience behavioral insights around the web, helping marketers identify if they’re in-market or not. New technologies have also made it possible to monitor location-based data to give insights for brick-and-mortar businesses. 

Businesses that take full advantage of all the data at their disposal to inform their marketing strategy can outperform the competition even with a smaller budget. The more that businesses adopt this strategy, the more essential marketing intelligence platforms become. 

Marketing is more complex 

All the above factors combined make for a much more complex marketing scenario than five or 10 years ago. Increased data equals more potential insights, which is a good thing, but a great number of marketers don’t have the capacity or the tools to make it work for them. Meanwhile, higher competition and heightened consumer expectations relating to brand experience together mean that marketers must start taking advantage of relevant technologies to make it all happen. 

Utilizing the Right Marketing Intelligence Platform 

Here are some key features the most effective marketing intelligence platforms have: 

Data unification capabilities 

If your marketing intelligence platform is going to tap into the wealth of data available, it needs to have key functionalities that make it easy for you to collect, consolidate, and analyze it in one central location. This means integrating with all your marketing technology vendors and common data sources, while marketing landscape data and other relevant information from third-party tools should also be incorporated. Once aggregated, all data types should be standardized into a format that can be easily processed. 

A marketing intelligence platform should not only unify all relevant data but also perform quality control assessments. When relying on automated processes to make key marketing decisions, it’s important to know the technology can flag data quality issues just like a marketing manager would. 

Sophisticated Attribution 

Data analysis on a massive scale is only valuable if you can accurately and effectively attribute key audience behaviors back to the channels and content that moved them down the sales funnel. A marketing intelligence platform should be able to track and interpret the value of key behaviors like purchases, repeat purchases, app installs, and other factors that might have led people there. 

Marketing intelligence platforms should also have the flexibility to allow marketers to use whichever attribution model makes the most sense for their business, including first and last-touch, as well as multi-touch with a customized value attributed to different steps in the sales funnel. 

Actionable Insights 

There are many marketing analytics tools out there that can aggregate all your relevant data. However, they often leave it up to marketers themselves to run analyses and derive insights. A sophisticated marketing intelligence platform can utilize machine learning capabilities to provide some insights for you. This is really valuable because they can find correlations between seemingly unrelated data sets, unlocking actionable insights that would have otherwise gone undetected. 

Your technology should also have forecasting capabilities so you can predict future performance based on current data insights and trends from historical performance data. This way you can plan out your budget and expected returns to fit how things will actually play out each year. 

Intelligent Automation Processes

Unified data analysis means gaining more relevant insights than ever before. These insights are only valuable, though, if they inform changes in your marketing strategy, not just when starting a new campaign, but also as micro-adjustments throughout it. That’s why a marketing intelligence platform with integrated automation capabilities is essential. 

Another key to unlocking the highest potential ROI from your data insights is real-time data analysis capabilities. Market landscape and performance data change daily - you should be able to discover key insights from the latest pertinent data, then automate adjustments in your campaign to quickly take advantage of new insights.

Wrapping Up 

A few years ago marketing intelligence platforms seemed like an advanced option for the most sophisticated performance marketers. However, the wealth of data available today and the new competitive landscape have changed that entirely. If brick-and-mortar businesses don’t start taking full advantage of location data to drive their marketing strategy, their local competitors will. If a Europe-based eCommerce company doesn’t optimize its search ad bids to minimize necessary spend to reach its goals, competitors in Asia will. 

Now is the time for businesses of all shapes and sizes to seriously consider investing in a marketing intelligence platform. If they don’t, it will soon become impossible to keep up with competitors who are. The good news is, marketing intelligence is one investment that is sure to bring a huge return, as long as you choose and apply the right platform.

Working remotely does not necessarily mean you have to lose productivity or team collaboration.

When the COVID-19 pandemic hit in March, Centro employees, along with thousands of our software users, and so many others, were thrown for a loop and day-to-day business operations were turned upside down.

As a result, we have all found ourselves navigating new ways of working—colleague and customer partnerships became virtual overnight, and video calls, no longer an exception, but a norm.

For us in the advertising industry, this meant that the typical weekly status meetings, usually held in conference rooms across the country, or team catch-ups over coffee, were now no longer possible. However, all is not lost! Access to the right tools and resources to streamline workflow and facilitate cross-team collaboration can help your team stay effective while working remotely.

Basis, Centro’s software to automate and consolidate digital operations across programmatic, direct, search and social, was built with collaboration and efficiency as key tenets. Over the past few months, we have experienced the benefit of utilizing Basis first-hand, within our own 300-person, geographically dispersed services team, and have witnessed the positive impact first-hand. We also surveyed our customers in late March, and 95% of them said Basis “has improved their ability to work remotely” with 49% stating it “has significantly improved their ability to work remotely.”

No office? No problem!

There are numerous tools within Basis to streamline communication and workflow, making it notably easier to run to an agency and manage disparate media teams, no matter where you are.

Collaboration Center

The primary junction for all negotiations and communications within Basis, this tool keeps internal and external correspondence organized in one place. It’s a powerful resource, critical to maintaining and organizing planning and campaign information, including current and past messages. The Collaboration Center makes it easy to catch-up quickly and avoid miscommunication between teams, all while saving time. Click here to watch a demo.

Basis Dashboard

Basis helps users optimize and prioritize their work. The dashboard makes it easy to highlight client and campaign activities by directing the user’s attention to proposals, insertion orders, line item pacing, campaign KPIs, and comments from partners and clients, and so much more. Click here to watch a demo.

Notes and Comments

Basis makes collaboration actionable and timely through the comments and notes feature. Users can create comments and notes for themselves or team members within the platform. This time-saving functionality directs individuals’ attention to comments specifically relevant to them for each campaign. Click here to watch a demo.

Optimizations

Basis offers helpful and time-saving optimization recommendations. Algorithmic optimization evaluates historical performance of inventory and will adjust bids accordingly based on that performance. Machine learning optimization analyzes multiple targeting parameters and finds the combination of factors with a high probability of achieving the campaign KPIs. Click here to watch a demo.

Budget Adjustments

Basis enables a holistic view of all digital campaigns, making it easy to identify opportunities to adjust ad spending across campaigns and specific channels. As campaign performance unfolds, shifting budgets to maximize performance against KPIs has never been easier. Click here to watch a demo.

New Tools to Come

And there’s more. Users asked—and we listened. We heard our users’ feedback about what could help them the most—and as a result, we re-prioritized our product roadmap to develop something unique to help our customers manage their media operations workflow while working remotely. Details are coming soon, so stay tuned, and check our social handles for updates.

When thousands of Basis users go remote, we meet them where they are. Working remotely doesn’t mean you have to work harder—work smarter, with Basis. Increase your productivity and team collaboration today! Learn more here.