
328. The Universal Science of Advertisement (ft. Lee McGuigan)
This Machine Kills
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The Evolution of Advertising: From 'Mad Men' to 'Math Men'
The chapter explores the transformation of the advertising industry from traditional creative-centric approaches to data-driven strategies, discussing the coexistence of 'mad men' creatives and 'math men' analysts. It delves into the historical development of optimization models and the impact of AI, big data, and automation in shaping modern advertising dynamics. The discussion also touches on the rise of scams and fraud in digital advertising and the monopolization of automated auction systems, highlighting the challenges and opportunities in the industry.
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