It’s been one week since the highly anticipated Cannes Lions 2023 – the event of the year for advertising and creativity. We’re thrilled to share our top four key takeaways from the event, showcasing what the industry will prioritize in the upcoming year.
Signal loss
At Cannes Lions 2023, experts underlined the detrimental effects of signal loss on advertising and emphasized the significance of having diverse channels. Discussions emphasized the importance of adapting paid media strategies to align with evolving consumer behaviors in order to remain relevant in the ever-changing landscape.
Urgency in planning and avoiding being caught without a solid strategy was a common theme throughout the event. Alternative identifiers, like first-party data, were highlighted, as they prioritize privacy-centric approaches. Contextual advertising emerged as a key part of the solution, providing relevant ads that fit seamlessly into the user’s experience.
Collaboration
Collaboration was a major theme at Cannes Lions 2023. Attendees explored topics such as maintaining privacy and identifying the right attributes for effective targeting. Clean rooms were discussed as a way to ensure privacy when sharing data, and highlighted partnerships as the key to unlocking interoperability within the advertising ecosystem. The discussions underscored the need for industry players to join forces and collaborate on solutions that benefit all stakeholders in the ecosystem.
“What makes Cannes unique is that you have a lot of decision makers in the room at the same time. This leads to more efficiency in terms of coming up with goals and objectives and really getting to the heart of the key aspects for us to build partnerships.”
alison omealia, vp, customer success, experian
Personalization
Personalization was a key topic of discussion at Cannes Lions 2023, with its growing significance in advertising taking center stage. The event emphasized the need to focus on serving up tailored content that resonates with individual consumers, cultivating brand affinity.
The intersection of science and art was highlighted, emphasizing the role of data-driven insights and creativity in supporting frequency capping and delivering engaging content.
Advertisers are adapting to cookie deprecation by shifting from cookie-based third-party targeting to first-party data solutions. This is due to the significant changes in the consumer privacy landscape, which have limited advertisers’ access to signals emitted by consumers through their devices and browsers. As a result, alternative IDs like UID2, Ramp ID, and ID5 are emerging as viable options for advertisers to continue personalized targeting.
Balancing AI and creativity at Cannes Lions 2023
Participants shared invaluable insights on how to strike the right balance between harnessing AI’s capabilities and nurturing creativity to keep the human touch alive. The event emphasized the importance of understanding the boundaries of AI while utilizing tools that drive innovation and imagination. Attendees explored the dynamic roles that AI provides and discussed how it can help push the boundaries of their creativity while still keeping the human element intact.
As technology continues to advance, so does the need for advertisers to adapt their approach and integrate AI in a way that enhances their creative output.
Experian events at Cannes Lions 2023
We hosted a series of events that included a kick-off event and four panels. The activities were designed to provide attendees with valuable insights on various topics related to advertising and data privacy. Here’s a recap of what we covered during the week.
Experian’s Cannes Lions kick-off event
We co-hosted a kick-off event on Sunday with Audigent. It was a successful event that brought people together to launch an important week in the AdTech industry and build connections with clients and prospects alike.
Data on the sell-side
Ongoing signal loss has marketers, agencies, and platforms tapping directly into the sell-side for high-quality audience and context. In this panel, industry experts from Truthset, Captify, Audigent, Newsweek, and PubMatic joined Experian to discuss the imminent disappearance of cookies and the need to adapt and future-proof data privacy strategies. The deprecation of third-party cookies presents an incredible opportunity to redefine data privacy practices and empower consumers.
Our panelists emphasized the need to adapt and invest in alternative identifiers in order to thrive in a cookie-less future. Publishers were urged to create valuable content, engage in first-party activities, and consider the next generation of consumers who are growing up without traditional identifiers. The fragmented landscape calls for a variety of tactics and partnerships, while AI can provide opportunities to explore beyond deterministic identifiers, fostering creativity and innovation in advertising practices.
Stacking the marketer’s toolbox for success
In partnership with Adweek Abroad in Cannes, industry leaders from FreeWheel, Tubi, and Instacart joined Experian to discuss opportunities for brands to unlock deeper, richer, and more scalable insights into current and potential customers.
The panelists highlighted several key considerations, including building a robust first-party data strategy, ensuring accuracy in data quality partnerships, and establishing better-connected communications and relationships with consumers.
Participants acknowledged the value of consumer data and urged advertisers to remain purpose-driven, always putting the viewer first. The freshness and recency of data were identified as critical factors for establishing quality connections with consumers and staying attuned to consumer trends.
What does the future of identity hold?
During this panel discussion, industry leaders from the IAB, MiQ, Cint, Direct Digital Holdings, and Tatari joined Experian to explore the future of identity.
The panelists discussed the challenges cookie deprecation poses in programmatic advertising and the need for new identifiers and solutions. They also acknowledged the expanding media landscape and the importance of frequency capping and attribution measurement in a post-cookie era. Trends to watch for include the potential consolidation of identifiers and the movement of first-party data in-house by larger media companies. Panelists shared different views on cookie deprecation readiness and the overhype of AI in the industry.
Streaming takes center stage
OMG, Roku, AMC Networks, Paramount, and Disney joined Experian to discuss streaming TV as a fragmented and evolving landscape. The panelists debated whether it has become a performance channel and emphasized the need for client education, attribution, and optimizing performance metrics. They also discussed reaching audiences across different mediums with data interoperability, audience targeting, and reliable identity solutions. The panelists explored the emerging trend of AI, optimizing ad placement, refining targeting, streamlining creative approval, and enhancing ad breaks.
“A lot of trends in AdTech are relevant to TV, but the most consistent trend has definitely been having a solid identity source throughout the whole lifecycle of a campaign within TV.”
ali mack, sr. director, platforms, experian
Let’s keep the conversation going
The innovation and possibilities for signal loss, collaboration, personalization, and balancing AI and creativity are limitless, but understanding exactly how to get there is what can make all the difference.
As we wrap up another successful week at Cannes Lions, let’s use these conversations as an opportunity to advance together toward a more connected future — what trends are you most looking forward to? If you’d like to discuss any of these topics further, get in touch with us!
Check out more Cannes content:
- Insights from a first-time attendee
- Four new marketing strategies for 2023
- Exploring the opportunities in streaming TV advertising
- The future of identity in cookieless advertising
- Maximize ad targeting with supply-side advertising
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In our upcoming 2011 Digital Marketer Report, we will cover what influences purchase decisions. While you'll have to wait to read the report to see the entire list, when ranking influencers to purchase decisions: 54% of U.S. adults identified old-fashioned Word of Mouth (WOM), while information from webpages (47%) ranked second and online consumer reviews (31%) ranked as the third most important. It's nearly impossible to measure old-fashioned WOM, and “Information from a website” is a very broad category. Gauging the uptake in online consumer reviews is another story, however. Visits to online review pure-play Yelp.com is a good proxy for the uptake in online reviews in the service sector (restaurants, dry cleaners and dentists to name a few). Over the past two years, visits to Yelp.com have increased over 136%. Given such impressive and steady growth since 2009, you might assume that Yelp and other sites like it have become ubiquitous. Your assumption, however, would be incorrect. While age demographics of visitors to the site show that use of the online consumer reviews has reached maturity (Internet users over the age of 55 make up the largest age bin at 25%), geo-demographics, or visits by DMA, tell a completely different story. The top five cities by representation; San Francisco, San Diego, Monterey, Los Angeles and Sacramento reveal the first skew, that Yelp.com visitors favor the West Coast, where the company was founded. So it seems that, by percentage, the largest U.S. cities also figure significant. When looking at visitors to the site by Mosaic™ segments, Americas Wealthiest, Young Cosmopolitans and other affluent types figure heavily in the site's traffic. Taken all together, the numbers reveal that while Yelp.com continues to grow, its participants continue to be a very distinct subset of U.S. Internet users. This niche set of users might explain why traditional WOM continues to show more significance in influencing purchase decisions. Want to learn more about other purchase decision influencers? Click here to request a copy of Experian Marketing Services highly-anticipated 2011 Digital Marketer Report, launching in late March. The report features an editorial by Bill Tancer as well as unreleased data spanning email, social, mobile, search and more.
College basketball mania is here. First round NCAA tournament action tips off this week leading up to the Final Four in Houston and Indianapolis for the men and women respectively. With March Madness just around the corner, Experian Marketing Services' data team started to wonder — how do TV viewers of the men's tournament differ from viewers of the women's tournament? The women's game has come a long way since the first women's collegiate basketball championship in 1972. This will be the ninth year that all 63 games of the tournament are televised nationally. Looking back to 1982 when the finals were contested in Norfolk, Virginia, only 37 media credentials were issued. This has increased 14 fold when compared to the 530 media credentials issued in San Antonio last year. The men's game is as popular as ever drawing impressive TV ratings, especially during tournament time. Remember Butler's drive to the Final Four last year and their near upset of Duke? CBS reported that 48 million viewers watched at least some of the championship game. According to viewership data from Experian Simmons, men's tournament viewers outnumbered women's tournament viewers by a ratio of 3.7 to 1. That's nearly four men's tournament viewers for every viewer of the women's tournament. So who might be watching this year? Using Experian's Mosaic consumer lifestyle segmentation system combined with last year's tournament viewership data from Experian Simmons, we took a closer look. Men's Tournament Viewers Rise Above The Rim On Affluence The men's tournament draws a significant share of viewers from affluent households. Nearly half of viewers have household income of $75,000 or over. The ten most affluent Mosaic segments have an over-representation of men's tournament viewers compared to their corresponding share of U.S. adults. This includes Dream Weavers (well-off families with school age children, living an affluent suburban version of the American Dream), Enterprising Couples (married couples with children and childless duos living in upper-middle-class commuter communities), and New Suburbia Families (young, affluent working couples with pre-school children concentrated in fast-growing, metro fringe communities). Nearly half of the men's tournament TV viewers have household income of $75,000 or over. True to its name, the Dream Weavers segment is a college basketball advertiser's dream for home electronics, home furnishings, home improvement and home office supplies. All of these home-centered categories are near and dear to Dream Weaver householders many of whom will be following the men's tournament very closely in a variety of media formats including online, in HDTV, and on their smart phones. Brands and retail stores that have particular appeal to Dream Weavers include Nordstrom, Ralph Lauren, Nike, Eddie Bauer, Sephora, Dick's Sporting Goods and Banana Republic. But that's not to say that only affluent consumers are watching the men's tournament. Other segments with an above average concentration of men's tournament viewers include African-American Neighborhoods, Minority Metro Communities, America's Farmlands, and Young Cosmopolitans. Men's tournament viewers participate in a wide range of leisure and sport's activities (most notably golfing, football, softball, racquet sports, and weight training), have a preference for driving Cadillac, Acura, and Lexus automobiles, and have a high concentration of readers of such magazine titles as Golf Digest, Sports Illustrated, ESPN The Magazine, Barron's, and Black Enterprise. Women's Tournament Delivers Younger, More Ethnically Diverse Audience The audience for the women's tournament is decidedly different from the men's. About six out of every ten viewers have household income below $75,000. Mosaic segments with the greatest over-representation of women's tournament viewers include Struggling City Centers (young, single and single-parent minority renters living in low-income city neighborhoods throughout the South) and Minority Metro Communities (married couples and single-parent minorities with above-average incomes working in a mix of service industry and white-collar jobs). These two segments alone account for nearly 20% of the women's tournament viewing audience and contain about 2.5 times the concentration of viewers relative to their corresponding share of U.S. adults. Women's college basketball advertisers should note that the tournament delivers a less affluent audience compared to the men. Using Minority Metro Communities as an example, brands and retail stores that have particular appeal to this group and to the broader women's tournament audience overall include 7-Eleven, Ace Hardware, Hallmark, Sam's Club, Kmart, Dollar General, Big Lots, and Marshall's. Women's college basketball advertisers should note that the tournament delivers a less affluent audience compared to the men. Only four of the ten most affluent Mosaic segments have an over-representation of women's tournament viewers. When comparing a segment's share of the overall women's tournament viewing audience to its corresponding share of the men's tournament viewing audience, three of these four segments account for a higher share of women's viewers. These are America's Wealthiest, White Collar Suburbia, and Affluent Urban Professionals. Advertisers will be pleased to know that interest in the tournament from these segments helps lift the viewing audience into a higher income demographic. Using White Collar Suburbia as an example, retail stores that have particular appeal to this segment of the population include Brooks Brothers, Costco, Gap, J. Crew, Kohl's, Lord & Taylor, and Victoria's Secret. Other segments that contain a significantly higher share of women's viewers compared to men include Small-city Endeavors (a mix of lower income singles, families, and single parents living in older homes and small apartments in working class towns) and Professional Urbanites (upper-middle-class empty nesting couples and older singles in metropolitan areas). Men’s Tournament Viewers Compared to Women’s Tournament Viewers Men’s Tournament Top Ten Most Affluent Mosaic Segments Women’s Tournament America’s Wealthiest Dream Weavers White Collar Suburbia Upscale Suburbanites Enterprising Couples Small-town Success New Suburbia Families Status-conscious Consumers Affluent Urban Professionals Urban Commuter Families = Index of 100 to 125 = Index of 126 to 150 = Index above 150 The index shows the concentration of viewers for the men's and women's tournament for a segment compared to the segment's share of U.S. adults. For example, an index above 150 means that adults from the segment are 50% more likely to watch the tournament compared to U.S. adults overall.
Along with death and taxes, the third certainty as an online marketer is change. When we combine the rapid rate of online innovation with consumers' relentless pursuit of finding the best possible price, a pursuit that kicks into overdrive with economic uncertainty, it's critical to anticipate changes in consumer behavior and the adoption of new buying modalities. Here are three things that you should know about the group coupon phenomenon. By now, most of us are aware of Groupon, the privately held Chicago group couponing-company that rejected Google's $6 billion dollar acquisition offer in late 2010. Since it's founding in 2009, Groupon has grown to over 5 million visits per week to take the #25 spot in the Experian Hitwise Shopping & Classifieds category1 for the week ending January 29, 2011. But is Groupon, or more generally the category of online group buying, a fad or a significant change in the way we buy online? Here are three things that you should know about the group coupon phenomenon. Group Buying Has Reached Mainstream Adoption If you think that this new social buying trend is fueled by early adopters of technology, the young and hip technocrats, you may have been correct in January 2010. Today, you would be completely off the mark. According to Experian Hitwise for the four weeks ending January 29, 2011, the largest age-bin for visitors to Groupon.com are those Internet users over the age of 55 (37.5%). There is Applicability to Local and National Retailers While group coupons were heralded as the perfect solution for local online commerce, successful deals with national retailers (both bricks-and-mortar such as GAP and online pure-plays like Amazon.com) indicate that this movement will take its place alongside email and search as a key channel for marketers to consider. On January 19, 2011, LivingSocial.com, a Groupon competitor, offered a $20 Amazon credit for $10 (it should be noted that Amazon invested $175 million in LivingSocial.com). According to PC Magazine, over 1.3 million certificates were sold at a rate of over 100,000 per hour. The Race to Dominate the Space is Heating Up LivingSocial's Amazon play did more than just put up impressive numbers; it was a clear sign that the site is a viable threat to category leader, Groupon. According to Groupon CEO Andrew Mason, Groupon has over 500 competitors in the marketplace and growing. Have you considered group buying for your business? Along with anticipating this trend, with the growing number of competitors and offers you should think one step ahead – will consumers succumb to daily deal fatigue? Want to learn more about digital marketing in 2011? Click here to request a copy of Experian Marketing Services highly-anticipated 2011 Digital Marketer Report, launching in late March. The report features an editorial by Bill Tancer as well as unreleased data spanning email, social, mobile, search and more. ——— 1 Shopping and Classifieds Category: 28,586 top sites that specialize in online shopping, auctions and classifieds