What any company can do to can improve ad measurement today, and the top measurement trends to know, with Andrew Covato
Jul 15, 2024
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Andrew Covato, former measurement lead at Netflix, Meta, Snap, and Google, discusses ad measurement trends. Topics include challenges in ad measurement, alternative measurement methods like post-purchase surveys, and strategies to improve ad measurement for both enterprise and smaller advertisers.
Collaboration with VideoAmp enhances transparency and benefits Snap and advertisers.
Embracing incrementality in advertising can provide a competitive edge and improve ROI.
Deep dives
Snap Opens Walls for Video Amp Collaboration
Snap's decision to collaborate with Video Amp for cross media planning marks a departure from walled garden strategies. This move provides transparency and access to inventory, benefiting both Snap and potential advertisers. The shift towards open collaboration is seen as a positive step in enhancing privacy and advancing technology.
Challenges in Ad Measurement and Opportunities for Improvement
Ad measurement poses challenges in education, technology, and internal politics within companies. To improve, enterprise advertisers are urged to understand incrementality and involve top executives in the process. Smaller advertisers should focus on using alternative measurement tools such as post-purchase surveys and global holdouts to enhance their marketing performance.
Impact of Incrementality in Advertising
Incrementality in advertising serves as a key methodology to truly understand marketing effectiveness. Advertisers embracing incrementality can gain a competitive edge by making data-driven decisions and avoiding common pitfalls associated with traditional attribution models. Utilizing models like MMM can provide valuable insights into true marketing ROI.
Advice for Enterprise and Small-scale Advertisers
Enterprise advertisers are encouraged to educate their leadership on incrementality and prioritize smart measurement strategies for long-term success. Smaller advertisers should leverage post-purchase surveys and global holdouts to enhance marketing performance. Adapting smarter measurement approaches can lead to significant competitive advantages and improved ROI.
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Andrew Covato, Founder and CEO of Growth by Science and former measurement lead at Netflix, Meta, Snap, and Google, returns to the podcast to provide an update on the measurement trends that advertisers need know and what big and small companies can do to improve their measurement today.