CROUD - Avinash Kaushik (CSO). Part 2. How to use creative testing to 'win before you spend'. The importance of trust but verify; how to measure effectiveness; how to best use social media analytics.
Jun 27, 2023
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Guest Avinash Kaushik, former Google analytics evangelist and author, discusses creative testing in marketing, balancing creativity & analytics, Croud's future, leadership qualities, book recommendations, and the importance of feedback for growth.
Utilize creative testing to predict success and optimize resource allocation in marketing strategies.
Implement real-time marketing spend adjustments based on advanced analysis for effective budget reallocation.
Deep dives
Impactful In-Flight Optimization of Marketing Spend
Avinash explains the significance of developing systems for real-time marketing spend adjustments. By utilizing machine learning and advanced analysis, his team at Google could identify ineffective spending mid-flight and redirect resources, achieving a remarkable 30% budget reallocation while still spending. This proactive approach stood out as a game-changer compared to traditional retrospective budget assessments.
Empowering Early Creative Testing for Strategic Wins
Avinash emphasizes the pivotal role of pre-testing creative concepts before actual marketing spend. By partnering with agencies like Kantar and HMM, they assessed the likelihood of success for various media plans pre-execution. This shift in focus towards predictive analysis and early creative evaluation allowed for strategic resource allocation based on solid data insights, fostering a culture of innovation and risk-taking.
Strategic Usage of Creative Pre-Testing for Marketing Success
Avinash outlines how the integration of creative pre-testing became a cornerstone of Google's marketing strategy, influencing both short-term and long-term decision-making. Leveraging the insights gained from pre-testing, approximately 85% of the budget was allocated based on predictive data, ensuring informed investments. Encouraging ongoing creativity, the remaining 15% of the budget provided a sandbox for inventive ideas, fostering a balance between data-driven decisions and imaginative freedom.
The FutureView podcast is published in conjunction with InsightPlatforms.com. This episode is sponsored by Human Made Machine - optimising media ROI through high quality creative testing - find out more at HumanMadeMachine.com
Delighted to publish part 2 of the interview with Avinash Kaushik. For those who haven't listened to part 1 (yet), Avinash is author of two best selling books, hugely popular blogger, former analytics evangelist at Google (among many other roles during his 16 years there) and now CSO at Croud.
In part 2 we get into:
- Using creative testing to win before you spend - Matching testing to in-market performance - Balancing creativity & data analytics - Croud - what comes next - Looking for the next generation of leaders - Strong opinions, loosely held...does the mantra work - Avinash's best and worse characteristics....from someone who knows him very very well!
Book recommendations:
YUVAL NOAH HARARI - SAPIENS LIU CIXIN - THE THREE BODY PROBLEM
All episodes available at https://www.insightplatforms.com/podcasts/
Suggestions, thoughts etc to futureviewpod@gmail.com
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