At the recent Beet Retreat 2023 in Santa Monica, a fireside chat featuring Kimberly Gilberti, Experian’s Chief Product Officer, shed light on how connected TV (CTV) is changing content delivery and introducing a profound shift in audience engagement and advertising strategies. In this blog post, we’ll recap Gilberti’s discussion about advertising on CTV.
CTV’s transformative impact on media consumption
CTV brings together the nostalgia of traditional television and the cutting-edge capabilities of digital targeting, opening new doors for advertisers to connect more meaningfully with audiences. This integration heralds a new wave of viewer engagement opportunities. The revolution goes beyond altering content consumption modes; it fundamentally transforms how audiences interact with media. Advertisers now have the tools to forge deeper, more personalized connections with their audience, thanks to CTV.
“The evolution of media is exciting, offering endless opportunities due to the vast inventory and engaged audiences. The key to using this is understanding the consumer, the ‘who’ behind the viewing.”
kimberly gilberti, chief product officer
The evolution of advertising on CTV
In CTV, traditional advertising strategies are being re-evaluated. Advertisers must pivot to meet changing viewer trends, focusing on campaigns that resonate on a personal level and harness the targeted delivery capabilities of the medium.
Data and technology stand at the forefront of advertising on CTV. Effective collection, analysis, and application of audience data are crucial for creating impactful CTV campaigns. Advanced analytics tools are essential in deciphering complex viewer habits. Companies like Experian are key players, offering the necessary tools and insights for advertisers to navigate the CTV space effectively.
“Experian’s unique data assets are incredibly valuable. We understand consumers wherever they are, connecting the offline and online worlds. Our database, rooted in real people’s information, is extensive and privacy-focused, covering virtually every U.S. household.”
kimberly gilberti, chief product officer
The complexities and opportunities in advertising on CTV
Even though the CTV landscape is filled with vast opportunities and significant challenges, one major hurdle is accurately identifying viewers within shared household accounts, complicating targeted advertising on CTV efforts. Additionally, the fragmentation of content across multiple streaming platforms amplifies the challenge of reaching specific audience segments. The presence of ‘walled gardens‘ adds another layer of complexity in achieving a comprehensive understanding of audience behavior across different platforms.
Despite these challenges, the potential for effective, personalized advertising on CTV is immense. Key to unlocking this potential is the accurate measurement of ROI and the alignment of content with viewer preferences. These areas of focus underscore the need for sophisticated identity resolution and audience analysis solutions.
Collaboration is the key to unlocking CTV’s potential
The future of advertising on CTV relies on collaboration. Joint efforts from advertisers, agencies, technology providers, and publishers are essential for sharing data and insights while maintaining consumer privacy. This collective approach is pivotal in tackling the challenges of advertising on CTV and harnessing its full potential.
As the industry dives deeper into the CTV landscape, insights from Beet Retreat 2023 and leaders like Gilberti underscore the importance of understanding and engaging with your consumers. The collaborative efforts of the industry, bolstered by technological and data-driven expertise, are critical in capitalizing on the power of CTV.
Experian’s Collaboration solution connects our client’s and partner’s data to unlock more robust insights, smarter activation, and more holistic measurement for online and offline media efforts. To learn more about what our data collaboration services can do for your business in this new era of CTV, visit our website or connect with a member of our team today.
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With the New Year upon us, many Americans have turned to the Internet to help with their 2013 resolution of losing weight. According to Experian Marketing Services’ data, the most searched for diet was the “Paleo diet” for the week ending January 5, 2013. Searches for diets are one of the more predictable patterns on the Internet, with the high point always being the first of the year, and the low-point being around Thanksgiving week. Marketers can benefit from this trend by understanding and planning around the seasonality of this interest. Other top 10 searches that contained the term diet for last week included popular diets such as the Atkins diet, Gluten Free diet, and the 8-hour diet. Additional top 2013 diet searches included the Cabbage Soup diet, South Beach diet, Shred diet and the HCG diet. The Paleo diet, Gluten Free diet and Shred diet are all new to the top 10 list. Looking back at the same week in 2012 the Dash diet owned the #1 spot, and in 2011 the HCG diet was #1. The actual top overall search term this past week was Paula Deen diet, as she announced that she lost more than 30 pounds after revealing she had diabetes earlier in 2012. Interestingly enough, the term diabetic diet made the top 10 searches for the second straight year. Other trends we noticed include the continued popularity of low carb diets with the Paleo, Atkins, South Beach diets all taking top place in search term data. We’re also seeing the return of a religion based diet (the Jesus diet was popular in 2010) with the Daniel's diet among the top 20 searches in 2013. Many fad diets pop-up this time year usually with a time period attached – 2-day, 17-day or 3-day diets. So who is doing all the searching? Females accounted for 58% of diet searches this past week and households who earn between $30K-60K a year made up the majority of searches with 33%. The states with highest index of diet searches include: Delaware, North Dakota, Wyoming, Wisconsin and Nebraska. For more insights like this please follow us on twitter @ExperianMKT. Learn more about the author, Matt Tatham