Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Martech Ecosystem > Lecture 4 > Flashcards

Lecture 4 Flashcards

1
Q

Who Are Your Customers?

Those questions can be answered by analyzing

A

1st and 3rd party demographic, contextual and behavioral data

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Complex customer journeys have resulted in

A

multiple data sources

collecting different types of customer data

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is a DMP?

A

Buyer-side platform that allows
advertisers to:
 Take control of their own 1st party audience and campaign data
 Compare the data to 3rd party audience data
 Make smarter media buying and campaign planning decisions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

DMP is the backbone of

A

online advertising operations for an increasingly digitized economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

DMPs provide marketers with centralized control of

A

all their audience and campaign data

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

DMPs help manage and analyze data to

A

craft, target and optimize campaigns that reach more of the right people and drive improved ROI

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Targeting Through DMP Integrates data from 3rd party sources to provide

A

rule-based control over audience definition and ad distribution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Targeting Through DMP Allows the creation of target audiences based on a combination of

A

internal/external audience data

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Targeting Through DMP Generates more accurate targeting across

A

3rd party ad networks and campaign measurement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

With increasing competition and entrenched consumer ad blindness, brands must find ways to

A

reach precisely defined audiences with relevant messages

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Few marketers are effectively analyzing their audience and campaign data to

A

make better media buying decisions, target campaigns, and optimize creative

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Many marketers have increased the # of campaigns across multiple channels to

A

reach more consumers, resulting in a decrease in ROI

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

DMP Benefits for Marketers

A

Help achieve better campaign performance and overall ROI

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

DMP Benefits for VP Marketing

A
  • Empower teams to buy audiences with minimal waste
  • Leverage CRM and LTV strategies for decision making
  • Tailor messages to audience based on prior behaviors
  • Engage in brand safe data mining
  • House all audience data in one place
  • Test offline models online
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

DMP Benefits for Site Ops & IT

A
  • Prevent latency and traffic issues on your site
  • Ensure site security for customers
  • Own your data and control who accesses it
  • Analyze site traffic and patterns to get insights
  • Minimize # tags on site
  • Increase site conversion rate
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

DMP Benefits for Privacy & Legal

A
  • Have a tight legal contract with restrictions and compliance to company policy
  • Include information on privacy and marketing uses of technology on the site
  • Be at the forefront of privacy policy and impending legislation
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

DMP Benefits for Agencies

A

Centralize audience data to make better media buying decisions and
optimize programs based on real-time campaign/audience analysis

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

DMP Benefits for Account Director

A
  • Understand competitive landscape and client’s role and position
  • Empower planners to execute quickly, easily, and with intelligence
  • Streamline account management by centrally housing all client audience data
  • Keep a record of the performance and ROI of past plans and campaigns.
  • Innovate on campaign creative, targeting, and delivery
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

DMP Benefits for Media Planner

A
  • Spend client dollars efficiently and predictably with the best possible results
  • Buy audience-targeted impressions and get access to flexible, graphical reports that are easily shared
  • Simplify planning to use less but stronger data, media buying, and ad network partners
  • Implement a smooth planning process from request for proposal (RFP) and launch to reporting and analysis
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What Can DPM Help Achieve?

A

Retargeting

Prospecting

Site Optimization

Audience Intelligence

Better ROI

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What Can DPM Help Achieve?

Retargeting

A

implement customized retargeting campaigns based on

specific online or offline behaviors

22
Q

What Can DPM Help Achieve?

Prospecting

A

Seamlessly integrate with 3rd-party sources to acquire anonymous data and achieve higher precision/scale with campaigns

23
Q

What Can DPM Help Achieve?

Site Optimization

A

Use 1st or 3rd party data to determine customized content for different consumers when they come to your website

24
Q

What Can DPM Help Achieve?

Audience Intelligence

A

Contrast site audience vs. 3rd party data to learn more about specific attributes to target more likely converters

25
Q

What Can DPM Help Achieve?

Better ROI

A

Use centralized media performance analytics to determine which audience performed best and where to focus

26
Q

DPM Main Features

A

Data Collection

Data Classification

Data Analysis

Data Transfer

Scalability

27
Q

DPM Main Features:

Data Collection

A

collect 1st party audience data and import 3rd party and offline data from your own CRM

28
Q

DPM Main Features:

Data Classification:

A

quickly organize 1st party data into taxonomies (ex: organize transactions into descending taxonomies such as clothing, kids)

29
Q

DPM Main Features:

Data Analysis:

A

analyze data to understand customer intent and leverage insights to create specific customer segments

30
Q

DPM Main Features:

Data Transfer:

A

transfer data directly to ad networks and exchanges to make accurate media buys targeting your segments

31
Q

DPM Main Features:

Scalability:

A

scale to millions of data points and analyze all of these simultaneously to deliver critical insights

32
Q

Advance DMP Features

A

Tag Management

Audience Segmentation

Media Integration

Campaign Analytics

Audience Analytics

33
Q

Advance DMP Features:

Tag Management:

A

actively monitor all of the tags that fire off of their sites, providing a robust interface for controlling secure data transfer, protecting latency, and monitoring tags

34
Q

Advance DMP Features:

Audience Segmentation:

A

ability to slice 1st party data by taxonomy, segment, campaign, or ROI outcomes vs 3rd party data, creating thousands of highly-relevant segments to reach audiences

35
Q

Advance DMP Features:

Media Integration:

A

share audience segments with ad networks to serve targeted ads and reach audiences in real time

36
Q

Advance DMP Features:

Campaign Analytics:

A

easy to use dashboards where you can measure and compare campaign performance for specific audiences across digital

37
Q

Advance DMP Features:

Audience Analytics:

A

provide clear insights into how an audience segment is performing at any given time, to identify which channel deliver the highest ROI for specific segment

38
Q

How To Implement a DMP

A

Data Collection

Bucket User Data

Structure Data

Classify Raw Data

39
Q

How To Implement a DMP:

Data Collection:

A

implement a pipeline between your data sources and DMP. For web data, implement a data collection tag. For offline data, utilize a match partner

40
Q

How To Implement a DMP:

Bucket User Data:

A

classify user actions from the perspective of intent. Based on your data, organize users into four categories

41
Q

How To Implement a DMP:

Structure Data:

A

organize data into a structure that makes sense for your business and advertising initiatives Example: taxonomy currently used for advertising

42
Q

How To Implement a DMP:

Structure Data:Classify Raw Data:

A

raw data point will need to be mapped to data taxonomy

43
Q

User Action Classification

A

Interest

Intent

Conversion

Initiation

44
Q

DMP Ecosystem Touchpoints

A

Your Agency

Your Company (Brand)

Your Media Sources

45
Q

DMP Ecosystem Touchpoints:

Your Agency

A

Those responsible for media planning will need to be educated on DMP solution

46
Q

DMP Ecosystem Touchpoints:

Your Company (Brand)

A

DMP solution will touch several points of your infrastructure from both technical and business perspectives (ex: site, apps, marketing, ops, IT)

47
Q

DMP Ecosystem Touchpoints:

Your Media Sources

A

You will need to establish a business and technical handshake with media sources to transfer your data

48
Q

DMP Common Pitfalls

A

Inflexible Technology

Spreadsheet-Based Analytics

Lack of Additional Data

Not Having a DMP

49
Q

DMP Common Pitfalls:

Inflexible Technology:

A

make sure your taxonomy structure is as flexible with the option to change the data mapping as well as the physical structure of the taxonomy

50
Q

DMP Common Pitfalls:

Spreadsheet-Based Analytics:

A

robust DMP solution will include flexible reporting and analytics dashboards that enable real-time data computing and audience intelligence. Do not accept complicated spreadsheets as a substitute for sophisticated data analytics

51
Q

DMP Common Pitfalls:

Lack of Additional Data:

A

A DMP is also about combining your data with 3rd party sources to drive more robust analytics, insights, and targeting

52
Q

DMP Common Pitfalls:

Not Having a DMP:

A

A DMP is essential to organizing and managing your valuable 1st party data assets. It will play an instrumental role in taking your online and offline advertising to the next level

Martech Ecosystem (12 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions