The Data Differentiator with Louqman Parampath, VP of Product Management, Advertising at Roku
May 16, 2023
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Louqman Parampath, VP of Product Management at Roku, discusses data's role in a consumer-first company, clean rooms, AI's impact on advertising, and more. Topics also include Roku's evolution, data sharing policies, and the influence of generative AI in business and advertising.
Roku emphasizes the importance of data in personalization and improving the user experience while prioritizing consumer privacy and transparency.
Roku partnered with Snowflake to build an advertising personalization clean room, enhancing advertising personalization without compromising user privacy and data security.
Deep dives
Roku's Evolution: From Device Company to Media and Advertising
Roku started as a streaming player, but quickly evolved into offering its operating system to other TV manufacturers. They now have their own first-party TVs as well. The revenue from Roku's services, such as subscriptions, transactions, and advertising, has become a significant part of their business. They have three main lines of business: account acquisition, consumer experience, and media and advertising. The advertising platform at Roku focuses on showing the right ad to the right user at the right time, utilizing targeting and optimization capabilities. Roku emphasizes the importance of data in personalization and improving the user experience while prioritizing consumer privacy and transparency.
Roku's Content Strategy: Original Content and Licensing
Roku initially licensed third-party content for its streaming platform. However, they have expanded into creating original content exclusively for the Roku channel. While original content is a minority, licensing from third-party sources remains a significant part of their content strategy. Roku aims to strike a balance between having its own content and providing a variety of licensed content on the platform.
Privacy and Data Sharing in Roku's Advertising Partnerships
Roku has been cautious about data sharing and privacy from the beginning, focusing on being a consumer-first company. They prioritize providing a better user experience while being transparent about data collection and usage. They carefully select partners and ensure data anonymization and encryption when sharing data. While data sharing is necessary within the ad tech ecosystem, Roku is committed to maintaining control, privacy, and a positive user experience.
Roku's Collaboration with Snowflake for Advertising Personalization
Roku partnered with Snowflake to build an advertising personalization clean room on top of Snowflake's media data platform. The clean room technology allows data sets to be connected without actually sharing the data, prioritizing privacy and control. Snowflake's infrastructure and multi-party compute capabilities, along with access control and permissioning features, matched Roku's needs. The partnership aims to enhance advertising personalization without compromising user privacy and data security.
In this episode, Louqman Parampath, VP of Product Management, Advertisement at Roku, talks about data’s role in a consumer-first company, clean rooms, AI’s impact on advertising, and so much more.
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