Results tagged “digital media” from IABlog
IAB releases Publisher’s perspectives on programmatic as first part in educational series
Programmatic buying and selling of advertising, real-time bidding, and marketing automation is changing the way we transact digital media. Though numbers are very sketchy, by some accounts over 20% of all digital advertising is sold “programmatically” - and it’s growing rapidly.
Yet programmatic competes with Native advertising for the title of “Buzzword of 2013”. And the hyperbole couldn’t be more extreme. Concerns are rampant. Sales people are worried about becoming obsolete, losing their jobs to machines, and declining yields. Some buyers of digital media are worried that only crappy inventory is available programmatically. Aside from perhaps the ad tech community, there’s a great deal of smiling and nodding going on when people talk about the importance of programmatic, and not a lot of understanding. Ad agencies are worried that automation will mean standardization and less of a role for creativity and creatives. On the other side, many see new technological innovation as the source of great potential value - creating significant efficiencies, new markets, and continuing to drive advertising dollars to digital.
There is significant confusion in the marketplace around the meaning of terms like “programmatic”, “RTB”, “programmatic direct”, “programmatic premium”, and other verbiage, often being used interchangeably. New technologies are emerging which are creating significant value, but there is also a lack of clear technical standards to ensure interoperability across different platforms. Buyers and sellers are concerned with the limited transparency and number of vendors involved in the programmatic transaction. And programmatic raises internal, organizational challenges for brands and agencies, and particularly for publishers with their existing direct sales teams and incentives.
Agencies and their clients have a lot to lose if programmatic isn’t implemented coherently: a set of technologies that aim to create market efficiencies could, instead, create a fragmented, illiquid marketplace if each media agency insists on creating its own proprietary marketplace with its own standards and its own technologies.
In the spirit of creating value for the entire marketplace and driving advertising dollars to digital, the IAB is working to tackle many of these challenges. Today it is releasing Digital Simplified: Programmatic and Automation - The Publishers’ Perspective, the first in a new IAB educational series that offers easy-to-understand documents for the industry. The piece aims to provide clarity, from the publishers’ perspective, on the different “programmatic” transaction types. It outlines the four main ways of buying and selling “programmatically” and provides a clear framework for distinguishing between them. It also highlights other factors commonly associated with each of these types of “programmatic” selling.
This is the first output of a newly created IAB Programmatic Publishers Task Force, chaired by Alanna Gombert, Senior Director Programmatic and Trading at Condé Nast and formerly of Ad Meld and Google. The new Task Force is aimed at providing premium publishers a forum to come together to work on issues related to the programmatic agenda and how it impacts them. Its goal is to help publishers establish market clarity and education around the programmatic ecosystem - both internally and externally. Barely a month after its launch there are now over 30 premium publishers participating in this initiative and the list is growing. In addition to working on clarity around definitions and terminology, the group is also working on issues around transparency across the value chain and sales force organizational issues.
The Programmatic Publishers Task Force is a key part of the overall IAB programmatic agenda. This agenda focuses on firstly identifying and addressing the key business issues in the programmatic landscape, and secondly working on technical standards and implementation of standards to address these issues. On the business side, in addition to its work with publishers, the IAB, in conjunction with The Winterberry Group, is conducting a thought-leadership research study to provide an effective roadmap to “programmatic” capabilities based on surveys and interviews with its members, to be released by the end of 2013. It is also working on mobile specific programmatic issues. On the technical side, it is working on both digital automation implementation and open RTB standards.
For more information on the IAB’s work on programmatic marketing please go to iab.net/programmatic or contact Carl Kalapesi (below).
About the Author
Carl Kalapesi is the Director, Industry Initiatives at the Interactive Advertising Bureau (IAB) focusing on Programmatic, Quality Assurance Guidelines (QAG) and brand safety, performance marketing, networks & exchanges and multicultural. He can be reached on Twitter @carlkalapesi or via email at at [email protected].
The latest annual ranking of U.S. universities by U.S. News & World Report came out on Tuesday, and while I’m personally pleased with how some higher learning institutions performed (Go Tigers!), I’m a bit dismayed that none of the top 10 has much of a reputation for their Digital Marketing or Advertising programs. In fact, only one school in the top 20 offers an undergraduate major with a digital focus.
Why does any of this matter? Because there’s a growing disconnect between the needs of the market and the available resources at universities. Marketing and Advertising— digital marketing, in particular, and digital advertising—are driving the mobile and digital revolutions which have created billions of dollars in equity value and hundreds of thousands of jobs. While academic programs struggle to incorporate current trends into a semester-long course, IAB member companies express exasperation at finding qualified college graduates to fill entry-level positions.
The timing is right for all of this to change. Struggling under mountains of college debt, students (and parents) want assurances that their degrees will lead to careers, not just jobs. Colleges face their own financial crises and as the competition for students increases, every institute of higher education—from community colleges to state universities to liberal arts colleges—will recognize that there are worse academic sins than preparing students for life and work after the classroom.
The IAB Digital University Study
Digital advertising and marketing aren’t the only sectors of the economy that are growing, of course. But they might be the most underrepresented among university programs. IAB recently commissioned a study of current offerings of undergraduate programs in advertising, marketing, and digital media studies at recognized U.S. institutions. Choosing “best” of anything is clearly subjective, and so we chose our criteria carefully. We looked at five requirements for colleges to satisfy in order to make our list:
1. The university is nationally and internationally recognized in various disciplines
2. The university offers undergraduate degrees in advertising, marketing, media studies, or business
3. The advertising program includes an emphasis in interactive advertising, digital media, or at least offers several courses with a focus on interactive and social media advertising
4. The marketing program allows for elective courses outside the business school
5. The university offers courses in digital media design that are available to non-art majors
Location, while not a primary factor, was also taken into consideration. Programs in New York and California received additional attention.
The following programs, in no particular order, show the most promise in addressing the five factors (the U.S. News & World national rankings are listed in parentheses after each university):
- University of Texas at Austin - BA in Advertising with an emphasis in Media Studies (#52)
- New York University - BBA in Marketing or BS in Media, Culture and Communication (#32)
- Syracuse University - BA in Advertising (#62)
- University of California at Berkeley - BA in Media Studies (#20)
- Southern Methodist University - BA in Advertising with Media Emphasis (#60)
The following programs have established and recognized interactive advertising programs but may not meet other requirements.
- Michigan State University - BA in Advertising with an emphasis in Management and Media (#73)
- University of Washington - Master of Communications in Digital Media (#52)
- University of Michigan, Dearborn - BBA in Digital Marketing (#36 Regional Ranking)
There’s a lot here to consider. The digital industry needs more top schools to introduce relevant digital courses and majors. IAB, as an industry leader, need to become actively involved in the programs that are being offered and figure out a way to enhance their reputation.
And here’s why: In order for the digital economy to continue to flourish, the current and next generation of post-secondary students must be prepared for interactive advertising careers. On-the-job training can only go so far and can be much more efficient if new employees have the requisite skills and knowledge before entering the workforce.
IAB is committed to professionalizing the digital advertising workforce of the 21st century, creating accredited credentials that set industry-wide standards of knowledge and expertise. We started in 2012 with the Digital Media Sales Certification program and have certified nearly a thousand sales professionals in little more than a year. Now, this week, we launched the Digital Ad Operations Certification program, the first-ever certification for digital ad ops professionals at ad agencies, digital publishers, trading desks, demand and supply-side platforms, exchanges and brands. We will continue our efforts in 2014, introducing new certification programs wherever the marketplace deems necessary.
But education, training and workforce development need to occur further upstream. Private industry—the digital employers who represent the greatest need for a trained and capable workforce—must make its need for qualified graduates known to colleges and universities, and to partner with these institutions, providing scholarships, endowing chairs, funding programs, and joining faculties. IAB sees a major role for itself in helping to make these partnerships possible. Look for further developments in 2014.
About the Author
Despite my silent goal to never again take a multiple-choice exam post college, I found myself on July 31st at the NetCom testing center on West 33rd, preparing to take the IAB Digital Media Sales Certification exam.
The IAB launched this training program over a year ago to help increase the knowledge of digital sales professionals. As a marketing exec at PulsePoint, a data-driven content technology provider, I considered myself lucky to take the exam alongside our entire salesforce. In an effort to continue to adopt and help drive industry best practices, our SVP of Sales, John Ruvolo, instated the requirement that all sales support teams - sellers, client services, account managers, ad operations, and marketing - successfully complete the training and obtain certification. Now, I must admit - having to carve out time to study on top of the daily grind was a challenge, but as I started digesting the impressive body of study preparation materials created by the IAB, I found myself happy to do so.
I have worked my entire professional life in the digital media space and truly appreciate that the IAB has provided a training program that deepens my understanding of our industries ever-changing processes, rules and regulations, best practices, definitions and of course…all those acronyms. Our space evolves at a dizzying pace to (try to) stay ahead of the mind-blowing technology being created every day. Chrome TV, one-click mobile payments, location sharing apps…it’s enough to make you seriously consider one of those ‘digital detox’ retreats. But without that evolution, without the constant influx of fresh ideas and new ways of connecting consumers to an amazing online experience, it would not be the exciting and fulfilling environment so many of us call home every day.
It has been common practice to learn and grow alongside all of this change through a mix of self-education and information sharing amongst colleagues, partners, and friends. What a relief to have a trusted, accredited program led by our industry body that helps to educate and benchmark our top professionals against rigorous industry standards. We finally have proof that we know what we are talking about…well, most of the time.
This IAB Certification process is something that digital execs across all business channels of our industry should undergo. I am proud that PulsePoint has embraced the program and offered it to employees beyond direct sellers; we are already exploring ways to incorporate this into all new hire training. Activating this program at the sales level of an organization and beyond can also impact future hiring decisions. It enables us to narrow candidate searches to only the best, most qualified applicants and allows us have even more faith that our teams are making the most educated decisions possible.
In order for digital media to continue being one of the most sought-after industries to work within, we must take responsibility to ensure that those dedicating their livelihood to it have the right tools to be as successful as possible. The IAB has taken great strides in creating a framework within which this critical professional development can happen, and I look forward to seeing it continue to grow.
About the Author
A Reason To Party
On Tuesday night, July 25, 2013, IAB was proud to host a celebration in recognition of the first class of Certification holders and all those who helped create and support IAB Digital Media Sales Certification.
Here’s what we have accomplished in just one year:
- More than 1,200 have registered
for the program
- Companies like AOL, Collective and
IDG have committed to certifying their entire sales teams
- A number of companies (24/7 Media,
Trial Retail Media and About.com) have made Certification part of their hiring
and training processes
- Certification holders and their
managers have given us tremendous positive feedback about the reception of the
program from the marketplace
- Every day sales professionals from leading companies across the country are signing up to take the exam
During the event, exclusive guests networked at Lavo in New York City. Many Certification holders and sales executives shared their experiences about how colleagues and clients have responded to Certification.
Matthew White, National Digital Director at Time Inc.’s My Recipes was on the committee that helped create the exam and is now a Certification holder. “This is a great training tool for companies. It opens up your perspective to parts of the industry outside of your own experience. This makes for a better understanding of your competition, the products they may be selling and how.”
Why Sales Certification?
Randall Rothenberg, IAB President and CEO, told the crowd, that the Certification program came from his earliest meetings with IAB member companies, seven years ago. “The thing that came up over and over again from companies big and small was, ‘We need training!’ We learned after years of work, that the best way to scale training in a new industry was not to create the course work yourself. It is to codify industry knowledge within your network, turn it into a standardized test, and get others to teach that test around the world.”
Randall went on to say, “The program has exceeded our wildest expectations. With big companies signing on and making it a requirement it’s taking on a life of its own.”
One of the most frequent questions we heard in the beginning
was, “Why do sales people even need
certification?” We created the program because
digital advertising buyers and sellers needed a benchmark to ensure that sales
people had the basic knowledge required to sell new media programs. The ecosystem changes so quickly, clients now
have a deeper level of trust that the people they talk to understand the
industry and comprehend their needs. No
one’s asking “why” any longer.
“With 1,000 people expected to pass the test by the end of 2012, we are in a position to make the industry stronger.” said Scott Schiller, EVP of Advertising Sales at NBC Universal and Chairman of IAB Digital Media Sales Certification Commission. “A few years ago one of the biggest complaints about the industry was the lack of perceived professionalism that digital sellers had compared to traditional media experts. (With Certification) the industry has come a long way, and the IAB is credited to helping with that. I encourage all of you who have not taken the test to encourage your company to participate.”
Marta Martinez, AOL’s Head of Sales Strategy & Operations, addressed the room on the company’s commitment to customer service, innovation and knowledge as well as “raising the bar on the internet,” helping clients fully leverage the medium as a marketing channel. “At AOL there is a lot of effort in bringing balance between the premium advertising and programmatic sides of the house. This is the reason why we requested that all of the front facing-sales people in the U.S. will be certified this year. When we announced the program internally there was huge demand. We are already seeing a lot of value from the program. We are all starting to speak the same language and we are no longer in the business of translation with our clients.”
July 10, 2013 - IAB Certification Day
In two weeks, on July 10, 2013, will officially be declared IAB Certification Day. It’s a day for certificants and friends of the program to demonstrate their support and pride for the credentials, by posting their badge online via social media. We ask everyone to use the hash tag #iabcertday, so that IAB can showcase everyone who participates. For information about how to participate or to follow the conversation on Certification Day go to: iab.net/certday
In just one year digital ad buyers, human resources professionals and sales executives have embraced the credential, integrating it into their business practice. By no means are we done defining and refining the program, but the milestones of 2012-2013 are sure indicators that Digital Media Sales Certification is here to stay.
“The industry needs to continue to embrace quality in sales and product to gain better trust with clients.” said Certification holder and SVP of Sales at pulsepoint, John Ruvolo. “Certification is a great step in the right direction to set a benchmark of trust for the industry.”
About the Author
You’ve heard it before from measurement experts, media exec’s, and from me. Today’s digital measurement does not serve our business needs and perhaps its undue complexity actually prevents digital media from achieving full potential as advertising media. As unprecedented change in what technology, media and consumers do together and with each other continues unabated, we are still fighting to establish constructs, metrics, measurement systems and workflows that should have been established more than a decade ago.
You’ve heard/read this before from us (how’s that for building frequency?), but, did you know that the advertisers are issuing a clarion call for Making Measurement Make Sense? Yes, your clients and in trade association parlance, our partners across the ecosystem agree, in fact, demand that measurement and accountability improve.
In a videoblog posted on October 11, 2010, Bob Liodice, President and CEO of the ANA says, “Marketing effectiveness increases substantially when it is fully and completely accountable. In order to do so, we need fully accountable measurement systems “. Bob goes on to describe initiatives that are underway to improve measurement and thereby make marketers far better and far more accountable.
The one point that Bob does not elaborate on is that the IAB, ANA and 4A’s measurement initiative is as much about changing and reinventing a business process as it is about the specifics of measurement. Making Measurement Make Sense is platform agnostic since all media are digital.
Moreover, Making Measurement Makes Sense seeks to manage the inexorable change that we are witnessing as new devices enter the marketplace and creativity in consuming and communicating abound. Along with the ANA, the 4A’s and other potential partners, the IAB will continue to strive to establish metrics, systems and processes that make sense for today and tomorrow.
Sherrill Mane is Senior Vice President for Industry Services at the IAB.