Instacart's VP of product management for ads discusses the potential of retail media networks and their value. The podcast covers topics such as automation in advertising, the power of video advertising and retargeting, the 'new to brand' metric, and Instacart's ambitions in shoppable content and connected TV.
Retail media networks are both overhyped and valuable as long as they can prove their worth.
Instacart is innovating in retail media by extending ad solutions to retail partners' platforms and emphasizing the significance of data, affordability, and brand discovery.
Deep dives
Podcast Introduction and Greetings
In this podcast episode, the host and guest discuss the greetings and introductions commonly used at the start of a podcast, exploring different ways to make them more engaging and less cliché.
The Journey of a Violinist in the Oakland Symphony
The guest shares their experience as a violinist in the Oakland Symphony since 2005, highlighting the longevity of their involvement and the joy they find in playing music in a professional orchestra.
The Evolution of Automation in Advertising
The conversation delves into the role of automation in advertising, tracing its development from basic rule scheduling to its present-day sophistication in leveraging conversion data and optimizing ad campaigns for meaningful outcomes.
The Transformation of Retail Media and Instacart's Role
The guest discusses Instacart's advancements in retail media, including the launch of Carrot Ads to extend ad solutions to retail partners' websites and apps. They also highlight the importance of data, affordability, and brand discovery in driving the success of retail media platforms.
Are retail media networks overhyped? “It’s a very fair question,” says Ali Miller, Instacart’s VP of product management for ads. The answer is yes and no. Yes, companies are jumping on the RMN bandwagon – but it’s not hype, as long as retail media can prove its value.
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