96. Therran Oliphant Shares 3 Actionable Insights in This Changing Programmatic Landscape
Aug 16, 2022
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Therran Oliphant, Vice President of Data and Technology at Essence Global, discusses privacy data, the open internet, and authentication in programmatic advertising. He shares insights on changes in the industry, the challenges of third-party cookie deprecation, the concept of data clean rooms, and the importance of understanding advertising technology infrastructure. He also encourages diversity and growth in the tech industry.
Authentication and data security are crucial for programmatic advertising in the changing landscape, brands should prioritize building a secure and privacy-focused ecosystem.
Addressing privacy and data concerns requires different approaches for data-rich and data-poor companies, with data-rich companies focusing on building a robust stack of tools and data-poor companies relying on partnerships and third-party data marketplaces.
Deep dives
The Importance of Authentication and Data Security
Authentication and data security are crucial in the changing landscape of programmatic advertising. By providing a seamless authentication experience and ensuring data security, brands can gain valuable insights and enhance their advertising strategies. Publishers and agencies should prioritize building a secure and privacy-focused ecosystem to protect user data and provide value in exchange for data collection. Open exchanges in programmatic advertising will need to adapt their data collection and passing methods to align with changing privacy regulations.
Data Rich vs. Data Poor Companies
When addressing privacy and data concerns, it's essential to consider the unique needs of data-rich and data-poor companies. Data-rich companies should focus on building a robust stack of tools to leverage their data, including customer data platforms (CDPs) and clean rooms to maintain privacy, ensure security, and optimize data usage. On the other hand, data-poor companies can rely on third-party data marketplaces and establish partnerships with publishers to access targeting and attribution models. The recommended approach depends on the amount of data each company possesses.
Understanding the Base Infrastructure
To navigate the evolving programmatic landscape, it is crucial to have a solid understanding of the base infrastructure that underpins the internet and advertising technology. Learning the trade before delving into intricate details allows professionals to adapt to new technologies and changes effectively. By grasping the core concepts and infrastructure, professionals can stay ahead of industry developments and make informed decisions regarding emerging trends.
Developing Second Order Thinking
A valuable skill for newcomers to programmatic advertising is second order thinking. This entails the ability to mentally process ideas and anticipate the consequences of actions before implementing them. As the industry continually evolves, being able to think critically and anticipate outcomes is essential for making informed decisions and optimizing advertising strategies.
We welcome Therran Oliphant of Essence Global, soon to be Essence Mediacom, to the Sensei’s corner. Therran is the Vice President of Data and Technology at Essence Global. In today’s episode, Therran and I discuss changes taking place in privacy data, the open internet, and authentication. Therran also breaks down what data clean rooms are and shares the most important skill traders new to the industry should develop immediately.
Timestamp:
02:14 - Therran’s Introduction
09:33 - How Digital Programmatic Advertising has Changed Since Therran Started in this Industry
12:39 - Therran’s Thoughts on Privacy Data and Third-Party Cookie Deprecation
20:29 - Therran’s Perspective on the Open Internet and Authentication
25:34 - Therran’s View on How Best to Advise Agencies Who are Data Rich or Data Poor (Each approach is different!)
30:39 - Therran’s Explanation of Data Clean Rooms to a Five or Six-Year-Old
32:54 - Therran’s Actionable Insight
35:02 - The Skill Set Every New Trader Should Develop Immediately
Guest Information:
Therran Oliphant - Vice President of Data and Technology at Essence Global