Episode 46: Beeswax co-founder Shamim Samadi on bringing oRTB to retail media
Nov 10, 2023
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Shamim Samadi, co-founder of Beeswax and former Google ad group veteran, discusses bringing real-time bidding to retail media. Topics include standardizing onsite product listing ads, creating Beeswax and lessons in ad tech, regrets and challenges in pricing, and earnings reports and the competitive landscape of the ad tech industry.
Amazon's targeted pre-sold ads deliver personalized messages to different viewers based on their demographics and location, enhancing the advertising experience.
Google's generative AI enables advertisers to create personalized ad content based on audience data, boosting relevancy and engagement in advertising campaigns.
Deep dives
Amazon introduces targeted pre-sold audience TV ads
Amazon has launched a new video format called targeted pre-sold ads, allowing marketers to deliver ads to specific audience segments. This format utilizes audience data to deliver different messages to different viewers based on their demographics, location, and other factors. By using audience targeting, Amazon aims to provide a more personalized advertising experience for viewers and generate better results for marketers.
Google's P-Max rolls out generative AI for creatives
Google's P-Max has introduced generative AI for creatives, enabling advertisers to generate personalized ad content based on audience data. This AI-driven technology allows marketers to create ads that are tailor-made for specific audience segments, increasing relevancy and engagement. With the use of generative AI, Google aims to empower marketers to unlock new levels of creativity and drive more impactful advertising campaigns.
Sovrn's zero-fee SSP leads to higher publisher revenue
Sovrn, a publisher suite of products, carried out a study that revealed their zero-fee SSP resulted in a 16% higher take rate and a 35% increase in revenue for publishers. By bundling the SSP fee into other charges, Sovrn eliminated the direct SSP fee for publishers, making their offering more attractive and cost-effective. This approach led to higher revenues for publishers and positioned Sovrn as a publisher-focused solution in the SSP market.
Shamim Samadi was the co-founder of Beeswax and a long-time veteran of Google's ad group. Now he's working with the IAB on developing standards for bringing RTB to retail media.