189. Ads, Analytics & AI. How Distractions Rob Us of Ability to Think Deeply, Challenges of Tracking Marketing ROI & Creating B2B Content Optimized for ChatGPT w/ Vlad Zhovtenko (RedTrack)
Dec 10, 2024
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Vlad Zhovtenko, Founder and CEO of RedTrack, shares his insights on advertising technology and the impact of AI on ad performance tracking. He discusses the complexities of measuring marketing ROI across various devices and how small businesses often overlook powerful optimization tools. Vlad emphasizes the benefits of B2B companies embracing Black Friday and leveraging strategic pricing. Additionally, he explores how distractions hinder deep thinking in startups, advocating for patience and resilience in achieving meaningful results.
AI is becoming essential for optimizing marketing strategies and improving decision-making processes within businesses, underscoring its importance in effective advertising.
The complexity of digital advertising necessitates accurate tracking and understanding of ROI, which remains a challenge for many companies despite advancements in ad tech solutions.
Deep dives
The Evolution of AI in Business
The adoption of AI is rapidly becoming a cornerstone of efficient business operations. In the next few years, AI will transition from being a buzzword to an integral tool that enhances productivity and decision-making processes. For instance, companies are leveraging AI not just for visible functionalities but to optimize internal operations, thus allowing staff to focus on core tasks. This development underscores the necessity for businesses to assess available AI tools and strategize their integration to enhance their offerings.
Navigating Digital Advertising Challenges
The landscape of digital advertising is becoming increasingly complex, with a projected global spend of one trillion USD emphasizing its significance. Advertisers struggle with fundamental questions regarding data reliability, attributing conversions accurately, and determining the effectiveness of different channels. Despite advancements, many companies still find it challenging to decipher which components of their advertising spend yield results. This ongoing challenge has led to a booming market for ad tech solutions aimed at streamlining the process of tracking and optimizing ad performance.
Lessons in Focus and Content Consumption
Modern distractions have significantly altered the way individuals approach deep thinking and content consumption. Founders are now challenged by the prevalence of short-form media which hinders the ability to engage deeply with complex subjects. In contrast, consuming longer, in-depth materials fosters critical thinking and a thorough understanding of topics essential for business success. The speaker emphasizes the importance of dedicating time to focused thinking, reinforcing the notion that innovation and effective problem-solving require sustained mental engagement.
Utilizing Black Friday for Strategic Growth
Black Friday presents a unique opportunity for B2B companies to engage with consumers who are already primed for spending, despite the misconception that only retail benefits from this event. It is crucial for businesses to recognize that consumers expect promotions during this period, and failing to participate can lead to missed opportunities. Implementing unique offers during Black Friday can create customer loyalty while enhancing visibility in a competitive market. By leveraging this time for impactful marketing campaigns, B2B firms can drive sales and strengthen their relationship with clients.
Vlad Zhovtenko is the founder and CEO of RedTrack, a leading ad tracking platform used by over 800 businesses to measure and optimize ad performance across 60,000 ad accounts worldwide. With deep experience in marketing technology, Vlad has built a solution that simplifies complex ad attribution, helping companies better understand their campaign ROI and maximize advertising budgets. The company recently raised 2.9mEUR to fulfill their mission.
On this episode we talk about:
How AI improves ad performance tracking and automates decision-making processes for marketers.
Why accurate tracking remains difficult across multiple touchpoints and devices.
Why B2B companies should embrace Black Friday.
Why smaller companies often overlook valuable tools and strategies for optimizing ad spend.
How tracking and observing data daily helps founders identify key patterns and make better decisions.