Programmatic buying is the new wave of the future for buying,
selling, analyzing and optimizing online marketing. Through the use of quick
and efficient real-time automated systems and algorithms, it is shaping up to
be a must-have for
targeting
individual customers and increasing return on investment.
But what exactly is this thing that has risen to
the top of marketing in recent years?
For display advertising buyers and marketers, the
general definition can be neatly summed up as a fully automated system for
display advertising. In practice, this means that demand side software is used
from developing the ad to booking, optimizing and all the way through to analyzing
performance.
Although programmatic buying relies heavily upon
computerized automation, this does not mean that machines have or will totally
replace the need for the human touch. The use of algorithms, or the
step-by-step rules that computers use for automated reasoning, can only go so
far. But when the software is part of the tool kit of human marketers and media
buyers, it becomes valuable and enhances performance considerably.
This type of media buying puts the consumer front
and center in its efforts. It engages the customer where they are instead of
pushing a product on the consumer. It works by delivering a relevant experience
to the finely defined target audience of one. Although automated by machine, it
has the human feel of a one-to-one interaction.
Programmatic buying unites a fragmented
audience and allows marketers to combine customer interactions from many
channels into one convenient and easy to read and use dashboard. This dashboard
is instrumental in the development of overarching marketing strategies that
best engages the potential buyer. It helps to continue the conversation, to
form a personalized relationship with customers.
In addition, this automated system helps marketers assign value to every impression-every time a display ad is seen. In today's culture, consumers expect and most often demand high quality and professional content from their online social interactions and experiences. This is especially true when applied to the trusted sites that they depend on for breaking news and to read articles, stories and blogs that they are most interested in. These potential customers expect and demand the same quality and relevance from the advertising that is on the sites that they frequent.
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