Study finds that effective programmatic ad buys remain elusive due to transparency and complexity concerns


Study finds that effective programmatic ad buys remain elusive due to transparency and complexity concerns
  1. Study finds that effective programmatic ad buys remain elusive due to transparency and complexity concerns
    talkingnewmedia.com
    Joint report from the ANA and ACA offers range of solutions for ensuring accountability NEW YORK, NY — May 18, 2017 — Achieving transparency in the programmatic media buying ecosystem remains a persistent challenge for marketers, but there are steps companies can take to ensure that their …
    Media

Joint report from the ANA and ACA offers range of solutions for ensuring accountability

NEW YORK, NY — May 18, 2017 — Achieving transparency in the programmatic media buying ecosystem remains a persistent challenge for marketers, but there are steps companies can take to ensure that their agencies and media partners are held accountable for digital ad expenditures, according to a new study.

The study, “Programmatic: Seeing Through the Financial Fog,” was conducted jointly by the ANA (Association of National Advertisers), the ACA (Association of Canadian Advertisers), Ebiquity, and AD/FIN.

The study took a data-centric approach, processing over 16 billion in-market programmatic transactions across participating advertisers. The resulting analysis provides the industry’s first inspection of how advertiser budgets were actually spent along the digital supply chain, with insights around costs and fees incurred for media, technology, service, and data.

“Programmatic media buying is becoming the most dominant approach because it offers targeting precision, scalability, cost efficiency, real-time optimization, and unprecedented leverage of big data for advertisers,” said ANA CEO Bob Liodice. “However, programmatic buying remains complex and often non-transparent. Our study revealed that this lack of transparency makes it difficult for advertisers to manage, measure, and audit programmatic media investments with the same rigor as traditional media investments.”

Liodice said the study was designed to provide practical solutions to help advertisers take greater control of their programmatic investments and to investigate the costs and economics of the programmatic ecosystem.

Among the findings, the study showed widespread use of non-disclosed programmatic buying arrangements between marketers and their agencies, and substantial knowledge gaps regarding how the programmatic ecosystem works. It also indicated a lack of industry standards and protocols that would help advertisers analyze the costs and effectiveness of their programmatic investments against market norms and benchmarks.

The report concluded that advertisers may have difficulty managing their programmatic investments with the same rigor as traditional media investments, and specifically that many advertisers which are engaged in programmatic media buying:

  • Do not have adequate transparency around their programmatic media investments to make the most informed business decisions to build business performance and brands.
  • Do not properly understand the economics of programmatic media to manage the complex supply chain that underlies each transaction.
  • Lack the necessary knowledge of programmatic media costs, agency/trading desk fees, and performance details to meet internal measurement and management requirements.
  • Need tools and guidance to manage and optimize their programmatic supply chain.
  • Should upgrade their media agency contracts to manage and optimize their programmatic supply chain.
  • Are more successful with clear programmatic KPIs, aligned incentives, and clear roles and responsibilities across all parties.

“We learned a lot in this study, not just from the billions of impressions analyzed, but from the roadblocks and challenges thrown in our way,” said Andrew Altersohn, CEO at AD/FIN. “We’re excited to pass along what we learned, to share what the data told us, and most importantly, provide practical recommendations for advertisers to obtain greater accountability and insight into their programmatic dollars.”

SOLUTIONS AND RECOMMENDATIONS The study provides an “Advertiser Playbook” with an 11-step plan for enhanced programmatic accountability. Key steps marketers should take include:

  • Clarify the advertiser/agency/third-party relationships and ensure disclosures of all conflicts of interest. Given the level of debate in the marketplace around the fiduciary responsibilities of agency and buying partners, there should be complete clarity on this topic with respect to programmatic media.
  • Make an informed programmatic disclosure and accountability decision. Whether to engage and purchase programmatic media on a disclosed or non-disclosed basis is a critical decision for every advertiser.
  • Implement the “transparent” programmatic planning and buyi…
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