how dmp will save marketing - myths, truths and best practices
TRANSCRIPT
DMP Will Save MarketingMyths, Truths And Best Practices
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I’m so very sorry,it will not.
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Stop the Great Data Race
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It’s what you do with the data that matters.
The race for the most data is one of the most detrimental approaches that a brand can take.
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Companies still confuse reporting with true analytics and are still content with one-off projects. This presents a true barrier for data driven marketing.
Invest in the creation of true analytic processes that provide valuable and repeatable systems for insight development. This is the back-bone of best-in-class marketing.
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Invest in Utilities
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Analytic Utilities are processes (routines) designed to
deliver specific outputs that enable one or more aspects of
data driven marketing.
They democratize analytics to the use all company
functions and processes.
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Focus on Delivery
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Taking DMP Into UseDriving Through Tech, Data, Integration,
Optimisation & Operation
Here are the things we’re going to talk about
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What a Heck is a DMP?Basic principles, what is it used for
BonusTOP3 Challenges
according to CEO’s
ExamplesMostly on what
we’ve done, also some by our German, UK,
and US colleagues
AnnalectWhy do I talk about
DMP’s
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Annalect Finland – For Marketers by MarketersWe Provide You with a Data Driven Marketing Strategy Put Into Practice
We Combine Skills in Technology, Tools,
Analytics and Business.
The Average Improvement ofthe Customer Marketing
ROI in 1st year: +18% High Focus on Employee Satisfaction: eNPS 48.
OperatedDMP forClients
for 5 years
Launched Officially at May 2016
40Experts in
Finland
The Data & Analytics
Platform of Omnicom
Group
Largest Marketing FocusedSmart Data Agency
in Finland
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Our Work With DMP’s Ranges from Operation to Consulting
Open
From delivery tofull automation*
Integrated
Enabling in-houseautomation*
Neutral
Consultancy on tech selection
*automation accounts for not only standard automation, but also site personalisation, customer service integrations and programmatic to name a few.
• Full service solution for an account
• Connecting assets and departments
• Educating staff• Most common in Finland
• We work in DMP and/or DSP from client, activating on data provided by the integrated team at client ToinenPHD/OMD
• We enrich the operation with our data and selected tools
• We support in-house DMP solution selection and set-up
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SOLUTIONS ARE BUILTCLIENT BY CLIENT,with no preference towardsa particular tech partner,so you can be assured that you will bereceiving the best fit for your business.
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So What the Heck Is a DMP?
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DMPs are an Emerging StandardA portable platform allowing for holistic, cross-platform insights delivering true integrated activation, audience overlap and audience/campaign insights with the flexibility of an agency partnership.
Example inputs3rd party
advertising
Facebook Campaign
Data
Website Analytics
3rd party audience
dataCRM
CRM DataData Match PartnerPII Privacy Compliant
Annalect Agile Data Warehouse
Annalect DMP
User ProfilesMacroeconomic
Marketplace
Sales & Biz DataSyndicated Data
Macroeconomic Data
Multi-channel Outputs
Tools (Reports & Dashboards)Advanced Analytics & ModellingActivation & ProgrammaticAudience SegmentationClient DMP Input
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Without a DMP, Your Data Remains Siloed
Example inputs3rd party
advertising
Facebook Campaign
Data
Website Analytics
3rd party audience
dataCRM
Multi-channel Outputs
Tools (Reports & Dashboards)Advanced Analytics & ModellingActivation & ProgrammaticAudience SegmentationClient DMP Input
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Unified Platform Can Offer Immediate Benefits
W35-54
M18-34
M35-54
Search HS Prog CRM
At what frequency are you reaching, which parts your audience?
How are you optimising messaging across touch-points in the purchase cycle?
E.g.
• Over-reaching & over-frequency-ing W 35-54
• HS Direct buy reaching low value target— Chance to uncover new, untapped audiences— Programmatic can do so in a controlled testing environment
• Gain greater value from your owned properties, like email— Often the best and most efficient way to market
• All partners sharing in insights, adjusting plans accordingly
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Better Understanding of Audiences
DMP Warehouse Output
Audience Campaigns Transparency
27 years old
In market for truck, customized online
Lives 3 kmfrom dealer
HHI >50k€
Visited site 3 times in 7 days
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Data Driven, Personalised Activation
This whole process takes50 milliseconds
The same basic principles apply for programmatic &
personalised on-site content
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Data Management Platforms Enable Centralisation of Data Needed to Optimise Online Marketing Activities
Research data 3rd party data
2nd party data
Client 1st party data
Analysis
Optimisation
Segmentation
Integration
Act
ivat
ion
Website
Social
Search
Programmatic
DMP
Optimisation feedback loop
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What Does Taking DMP Into Use RequireThe Technical Part.
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Remember: DMP is Always a Part of a Bigger PictureExample of the Annalect Agile Data Platform
CRM and over 100 syndicated data APIs
DMPCloud data platform
Programmatic media
Programmatic creative P
ublis
hing
pl
atfo
rm
Cloud data exploration platform
Audience creation and syndicatedPredictive modeling
TestingPortfolio managementAttribution
32B global audience records
Data
Tech
Analytics
DMP doesn’t DO anything on its own. I.e. you always need more than a DMP to actually do something.
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After Tech Comes the Real Hard Work
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79% of Finnish CompaniesSee Data Quality as a Large Challenge
for Data Driven Marketing.According to the CEO’s and Marketing Directorsof 200 Large Finnish B2C and B2B companies.
A Study by Annalect Finland 9/2016.
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Data assets
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Map And Choose The Data Assets
Research data 3rd party data
2nd party data
Client 1st party data
Analysis
Optimisation
Segmentation
Integration
Act
ivat
ion
Website
Social
Search
Programmatic
DMP
Optimisation feedback loop
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Consumer / Customer Data Map22
PURCHASE VOLUMETRIC
MEDIA CONSUMPTION
BRAND HEALTH METRICS
OWNED ECOMM*
PANEL
RETAIL VISITS
ONLINE SALES*
WEB
TV
CRM*
BRAND EQUITY INTENTS/INTERESTS
SOCIO-DEMOS
PANEL
MOBILE/LOCATION
1ST/2ND PARTY
PROFILE DATA
ETC
Data on both current and potential customers should be included to the map.
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Ideally Data is Gathered from all Touch Points Within the Purchase Cycle
23da
ta
sour
ces
attention
consideration
active evaluation
purchase loyalty
reac
h
up- & cross selling
buying intent signal
Branding KPIsEngagement KPIs
Direct Response KPIs
CRM
dat
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sear
ch te
rms
1st p
arty
(o
nsite
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) &
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ata
Onsit
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ata
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or 3
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ey o
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-dat
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earc
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and
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pred
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Combining factual & predictive data
is ideal,
but you do not need to have everything in
order to proceed.
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The 2nd Largest Challengein Data Driven Marketing:
Integrating Data From Different Systemsto an Actionable Format.
According to the CEO’s and Marketing Directorsof 200 Large Finnish B2C and B2B companies.
A Study by Annalect Finland 9/2016.
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Integration of Data for Analysis
Research data 3rd party data
2nd party data
Client 1st party data
Analysis
Optimisation
Segmentation
Integration
Act
ivat
ion
Website
Social
Search
Programmatic
DMP
Optimisation feedback loop
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SEGMENT VALIDATIONcampaign performance (A/B/N-testing)k-fold cross validationmodel probability
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DMP in Action: Making Ads More RelevantChallenge• Client wanted to measure the benefits of data driven targeting and
dynamic creatives
Solution• We ran a campaign targeting 5 audiences with identical settings:
• Intent – Children’s Clothes, Accessories & Toys• Intent – Fashion• Intent – Home Decor• Interest – Online Shopping• Generic Online Audience (i.e. non-targeted)
• Intent audiences were shown a dynamic creative based on their own actions from corresponding categories
• Online shopping and generic audiences were shown the same banner with products from all categories
• After the campaign we analyzed conversion rates and CTR per audience
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DMP in Action: Making Ads More RelevantDATA FEED DMP / DSP RULES / DECISION TREE DYNAMC
CREATIVELANDING
PAGEImplementation
The different elements of the creative are programmed separately, so that a combination of them can be delivered depending on which consumer segment and which data signal triggers the impression:
geographicinformation
weather
productinterest
Website analytics
Socialinteraction
Sociodemographicinformation
Customerjourney
Customervalue
storeinteraction
XM
L, J
SO
N, R
SS
, CS
V, H
TML,
EX
CE
L
device
Audience Segmentation
Ad Assembly based on audience segements
Product A Retargeting
Product Crossselling
Product Range
BrandCorrespoding Landingpage
Correspoding Landingpage
Correspoding Landingpage
Correspoding Landingpage
Pic Text Video Colour Animation Button
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DMP in Action: Results
CVR% CTR%
2.42%
0.57%
1.66%
0.61%
1.34%
0.54%
1.03%
0.47%0.63%
0.34%
Intent - Children's Clothes, Accessories & Toys Intent - Home Decor Interest - Shopping Intent - Fashion Non-targeted
Up to
4xhigher
conversion rates
Up to
2xhigher
clickthrough rates
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The Nr 1 Challenge of Data Driven Marketing: Measuring Marketing
Effectiveness Reliably.According to the CEO’s and Marketing Directorsof 200 Large Finnish B2C and B2B companies.
A Study by Annalect Finland 9/2016.
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Optimisation on Brand Metrics31
Benchmarking against • Brand awareness• Sympathy• Purchase intentrelated to: • Time since last ad• Contact class• Creative size,• Etc.
Panelist Identificationbased on DMP cookie
Segment definition A) Panelist &B) HH 20-49 yrs.
Cookie push
www.
XX
Contact with panelist
1. 3.
4.5.6.
DMP
DSPResearchPanel
N=101.000 (FI)
2.
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Optimisation on Marketing ROIThe optimizationfeedback loopreacts to the factualmarketing ROIon macro and microlevels. A combination ofmachine learningand automatedeconometric & attribution models are used.
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In order to perform,there is a need fororganisational transformationNew approaches, talent and processes are needed to reap the benefits from a DMP implementation.
We Can’t Run From the InevitableMarketing world has changed and data driven approaches are here to stay. It won’t benefit you to hang on to the difficulties as a reason for not moving ahead.
Ad Tech is moving too quickly and is too volatile to invest in proprietary tech platform solutions.
Building new skills, being agile, licensing solutions, developing deals and building ways to access data is the correct path.
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More Results From The Real LifeSome more examples on what we and our colleagues have done.
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Solution Built for an Online + Offline Retailer
Demand Side Platform
ProgrammaticCreative
ActivationSegmentationStorage - DMP
Store Identification
User Behaviour
CRM Data
Dynamic Content
Dynamic Content
Store Ident Data
Website
CRM
POS
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Results Improved Significantly
90 % CRM and App matching (technically 100% possible) & 75 % Cross-Device matching
+30% Engagement RateTest & learn setupin 5 selected stores- significant frequency uplift
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38Audience Profiling & Targeting
Quick service restaurant (QSR)
How to improve targeting effectiveness?
Match competitive customer profiles with demo, interests, lifestyle information
Applied audience insights to identify 38 opportunity segments
Client:
Challenge:
Solution:
20% increase
in On-Target Delivery with stronger
targeting tactics.
22% increasein purchase intent within the first 90 days of activation.
4,5 MM in Media Savings
through data-driven optimization.
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CRM Activation
Insurance Company
How to improve effiency of the customer acquistion?
On-board client’s list of current customers into the DMP
Via matching customer e-mail addresses with cookies, negatively target current customers to ensure that they don’t see acquistion messages
Client:
Challenge:
Solution:
12%Improvement in CPA
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A Client Requested a Consultancy to Improve An Adobe Based Digital Marketing Environment
Inspire Analyze Design Implement Monitor Optimise
TARGET: UNLOCK QUICK- & LONG-TERM WINS
We set-up a six phase marketing consultancy project
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The Ongoing Partnership is Fast-Forwarding the Client to Digital Leadership
Over €120K cost reduction per yearby avoiding redundant Adobe Analytics script calls
Identification and avoidance of fraudvia post-view cookies
Design of customized marketing technology infrastructure
Implementationof data attribution model for significantly better decision-making and increased accuracy of budget allocations
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Disney DMP Assessment Project
Targeting
Rep
ortin
g
012345
Unification
Segm
entation
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Unification
Targeting
Rep
ortin
g
Segm
entation
012345
Unification
Targeting
Rep
ortin
g
Segm
entation012345
Unification
Targeting
Rep
ortin
g
Segm
entation
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43Audience Performance Analysis
Telecom Provider
How to increase customer conversion?
Use analytics to identify how audiences performed on insurance company’s website
Identifies key behaviors and preferences between high value and low value audiences.
Client:
Challenge:
Solution:
Low conversions High conversions
Low
vol
ume
Hig
h vo
lum
e 24 %Optimised
audience targeting increased
conversions
Affluent families
Sophisticates
ConservativeFamilies
Multiculturalyouth
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44CRM Audience Analysis
Financial Institution
How to better understand marketing to shareholder?
Presumed to be existing employees, blue collar and male
On-board client’s list of current shareholders into the DMP
Via matching customer e-mail addresses with cookies, explore segment characteristics and affinities
Client:
Challenge:
Solution:
LifestyleSports provided largest incremental vehicle to reach shareholders via Tennis and MLB.
DemographicMale and females split evenly with a lot of female-specific interests over-inderxing (lifestyle, fashion, etc.); enthusiast segment for science/tech more niche in scale
Social graphFacebook provides biggest scale oppurtunity to reach shareholder most frequently (2,5x vs. All other domains/networks).
Content consumptionNews is #1 category to reach audience on TV; on par with our media strategy.
Results:
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Transformational Results witha DMP from the Stateside
18:1 ROI vs. 10:1 ROI
target using social prospecting
24% increase in conversions
with PRISM-optimized targeting
60% reduction in CPMs
through data-driven optimization
41% increase in conversions within the first 90 days of activation
59% increase in ROAS
with social targeting
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It Is Easy To StartYou don’t have to build your own DMP to Start.
Actually, you shouldn’t.
Remember, Remember From the 12th of October
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Invest in Utilities
Focus on Delivery
Invest in the creationof analytic processes that provide valuable
and repeatablesystems for insight
development.
Stop TheGreat
Data Race
Don’t Try To Run From the
Inevitable
DMP Can Be Only a Wet
Dream
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47The Annalect DMP in Finland:Top-Quality Audience Data
01
Over 120 interest, intent, socio-
demographic and B2B
segments available
for targeting
02
Gigantic database:1 B monthly events
20 M cookies20 M URLs
500 000 keywords300 000 sites
03
Data quality validated by target group
surveys
04
Custom segments can be tailored
to almost all needs.
05
Able to take in Your data and any 3rd
party data source.
In use by clients of Annalect, OMD, ToinenPHD and Ainoa Resolution.
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Examples of Analytics Projects We’ve Done
Marketing & Sales Efficiency
MMM modeling & ROI measurment
KPIs & Performance Analytics
Brand Positioning & Proposition
Customer Segmentation
Customer Profitability
Customer Experience Measurement
Purchase Funnel Analytics
CRM Activity Optimisation
Multivariate Data-Set Analytics
Brand Marketing & Campaign Analytics
Brand Strenght & Aweraness
Campaign ROI & Performance
Mediamix Optimisation & Investment ModelingChannel Performance Audits & Optimisation Campaign Investment & Tactics Optimisation
Target Audience Analytics
Advertising Effectivity & Optimisation
Loyalty-Customer Analytics
Real-Time Analytics
Digital Measurement &
Analytics
Click Stream Analytics
Visitor Tracking & Segmentation
Closed-Loop Analytics
Multi-Channel, Multi-Format ANalysis
Life Time Value Analysis
Sentiment Analysis
Analytics Audits
Digital Segmentation
Real-Time Activity Analysis
Portfolio Optimisation &
Analytics
Portfolio Optimisation
Assortment Optimisation
Space Optimisation
Adjacency, Second Placement Analysis
Demand Based Clustering
Product Concept TEsting
Packaging Tests
Trend Research
Price & Promotion Analytics
Cost-to-Serve 6 Marging LeakageBase Volume & Price ElasticistyPrice Treshold & Gap OptimisationPromotion Allocation OptimisationPromotion Effectiivity AnalysesPromotion Calendar & Delivery Optimisation
In-Store Activity Optimisation
Predictive Pricie Modeling
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Jussi PiriManaging DirectorAnnalect Finland
+358 (0) 40 592 4933e-mail: [email protected]: @jussipiriLinkedIn: Jussi Piri
Follow Annalect on The Web:Order the Insight Filled News Letter: annalect.fi
Twitter: @annalect_fiFacebook: @AnnalectFinlandLinkedIn: Annalect Finland
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Ask For More, We Are Here to Help
The end.