Programmatic marketing is as some will say the next best way to advertise. In digital marketing, new techniques are being developed to effectively and efficiently target a broader audience through online and the web. The amount of smartphone and tablet users are growing by the day which means companies and organizations need a more cost-effective and faster way to advertise to them. Any types of events can trigger programmatic marketing. Accordingly, it can also be deployed through the use of a set of rules applied by algorithms and software. Human skills are not needed to deploy the marketing aspect of this innovative technique, however human skills are still necessary for software and algorithm development as well as programmatic campaigns since the rules necessary to start the automated process require pre-planning beforehand and proven by marketers. This means that although human labor will be to some extent lessened, it still requires some human involvement to get started.
The most common forms of programmatic marketing on digital channels are: programmatic site retargeting, (A more progressive version of Site Retargeting permitting brands to display presentation ads to their most valued site visitors to perhaps convince them to change their minds) shopping cart abandonment email campaigns, product recommendation, and dynamic creative optimization (makes it possible for marketers to post an appropriate message visible the targeted consumer). Additionally Digiday was the first to use the term "programmatic marketing". In an article by Olenski, one of his interviewees explains what programmatic marketing/advertising is. "Programmatic Advertising is the automation of the buying and selling of desktop display, video, FBX, and mobile ads using real-time-bidding. Programmatic describes how online campaigns are booked, flighted, analyzed, and optimized via demand-side software (DSP) interfaces and algorithms." (Olenski)
Olenski's interview details how programmatic marketing/advertising can help a real world business. He continues with stating the massive main stream of publishers and enterprise marketers have commenced engagement in some type of programmatic marketing because it has become a relatively easy and effective way to market to the public. People want convenience. They want something that they can do at home and not have to go through too much effort. Why not place advertisements in these key areas like within e-commerce sites like EBay and Amazon. "Among advertiser panelists, for example, 85 percent said they're actively buying some media through automated "real-time" auctions (while 72 percent of publishers said they support the same process)." (Olenski) The predictions for programmatic's sustained development are solid. Over 90 percent of advertisers and over 80 percent of publishers have time and time again states they will follow such methodologies to managing media within in the near future.
Olenski's interviewee additionally states Bob Arnold, an Associate Director of Digital Strategy at Kellogg, shared his experience with media buying and programmatic. Arnold states he saw amazing results through programmatic buying because of the ease of use and fast implementation. Moreover he states, dependent on the brand, companies saw an increase of six hundred percent. The success means advertising plans on making "now moments" the vehicle for marketing and advertising. Things like hashtags used in Facebook and Twitter promote things quickly and easily. "We launched our innovative hashtag targeting technology back in Q4 of last year with great success. We found that people are already engaging in online brand conversations on social channels like Twitter, but to date, no one had found a way to monetize this form of social interaction" (Olenski)
Using monetization with google ads on YouTube as well leads to higher rates of promotion and advertising and leads to efficiency in cost regulation as advertisers pay based on clicks not just streaming. "We are the first-to-market for this targeting technology to allow brands to purchase hashtags like keywords are purchased in search advertising, and then serve ads to the people who are explicitly using these terms." (Olenski) Programmatic buying just like programmatic marketing utilizes technology to systematize the consumption of media making it highly efficient and effective. Programmatic marketing just like programmatic buying can reach those heavy online users who need constant streaming advertisements to buy something or see something of interest.
An article by De Lombarede suggests programmatic marketing will continue to expand and reach other countries much like e-commerce did and has today. "Programmatic marketing will continue to gain momentum this year and is on track to become the main engine in digital trading...ad spend has grown 15.2% in the UK in 2013 on a like-for-like basis and the industry is measured at Pound6.3bn." (De Lombaerde) In today's programmatic marketplace, the demand...
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