#40 Is MTA DOA? Andrew Covato, Ad Measurement Veteran, Founder of Growth by Science, and formerly at Google, eBay, Facebook, Snapchat, and Netflix
May 14, 2024
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Ad Measurement Veteran, Andrew Covato, explores the pitfalls of multi-touch attribution in advertising and the importance of true incrementality testing for accurate campaign performance measurement. He also discusses the significance of first-party data in marketing and shares his personal journey from dual citizenship to a newfound passion for golf and unique productivity hacks.
MTA should not be the primary measurement tool due to limitations in capturing true incremental value.
Understanding incrementality testing is crucial for optimizing media investments and avoiding wastage of ad spend.
Deep dives
Challenges in Multi-Touch Attribution (MTA)
Multi-touch attribution (MTA) faces divided opinions in the industry. While some support MTA technologies for measurement, others express skepticism about its ability to measure true incrementality. The approach advocated by Growth by Science suggests that MTA should not be the primary measurement tool due to its limitations in measuring true incremental value. Instead, incorporating MTA within a broader range of measurement solutions is recommended, with a focus on incrementality-based approaches to ensure accurate calibration and effective evaluation of media investments.
Impact of Ad Tech Tax on Campaign Performance
The discussion delved into the concept of ad tech tax, highlighting how modern ad delivery and post-exposure measurements can result in wastage of ad spend. By targeting individuals with high conversion propensities, ad platforms inadvertently create a self-fulfilling prophecy, leading to misleadingly positive campaign performance indicators. Understanding the nuances of incrementality testing is crucial to revealing the true impact of ads versus organic conversions, ultimately optimizing media investments effectively.
Strategic Approach to Measurement Tools Selection
In navigating the plethora of measurement tools available, a strategic approach is essential. CEO and CFO alignment on a scientific measurement vision sets the foundation for implementing effective measurement programs. Critical emphasis is placed on choosing tools that align with the organization's goals, highlighting the significance of selecting platforms offering verticalized expertise, tailored solutions, and comprehensive support. The partnership with specialized measurement advisory services can further streamline the adoption of advanced measurement practices.
Personal Impact of Golf and Career Mentors
Golf, a recent passion discovered in Florida, serves as a reflective outlet for personal growth and skill refinement. The challenges and mental focus demanded by the game synergize with approaches to business, reinforcing discipline, precision, and adaptability. Mentors like Neil Hoyne and Wes Nichols have significantly influenced the trajectory of the speaker's career, providing invaluable insights and shaping perspectives in marketing analytics, contributing to professional growth and enriched learning experiences.