An adtech consortium including AppNexus, LiveRamp and MediaMath has today (May 4) been launched, which claims it will help advertisers better target users across screens using programmatic media buying technologies, a move that is likely to rival the digital duopoly of Facebook and Google.
AppNexus, LiveRamp and MediaMath, along with Index Exchange, LiveIntent, plus Rocket Fuel, have all agreed to to create a standard framework that will enable people-based media buying for advertisers looking to utilize programmatic technologies, similar to the deterministic targeting promised by the two-biggest digital media owners Facebook and Google.
The development is significant as it means that advertisers attempting to target audiences using programmatic media buying technologies outside of the ‘walled gardens’ of Facebook and Google will be able to do so using a standard identifier, thus increasing the efficiency of all media investment using these technologies.
Such a move will likely prove media planners and buyers divesting their online media spend away from ‘the duopoly’ of Google and Facebook (both of whom account for 20% of all media spend), thus increasing competition in the digital media market.
The current bidding process in programmatic channels relies on proprietary identifiers such as cookies – often referred to as ‘deterministic targeting’ – and thus often cannot translate consumer identity across buyers and sellers, or across devices, which is why Facebook and Google account for the majority of online spend, as their logged-in user data can better provide such targeting.
Adding identity resolution to programmatic advertising helps marketers to deliver more relevant content and enhance the consumer experience, and this consortium promises to enable precision advertising comparable to that of Google and Facebook, and does so in a privacy-conscious manner.
Brian O’Kelley, CEO of AppNexus, said: “Today, 48% of all digital advertising dollars accrue to just two companies – Facebook and Google. “That dynamic has placed considerable strain on the open internet companies that generate great journalism, film, music, social networking, and information.”
Travis May, president and general manager of LiveRamp, added: “There’s huge demand for leveraging a deterministic, omnichannel identifier in the bidstream, as marketers want to improve their interactions with consumers by linking data from customer files and offline channels – such as in-store purchases – to media exposure in programmatic channels. The creation of this consortium will accelerate the delivery of this value to marketers and their partners in the digital media ecosystem.”
MediaMath president Michael Lamb, added: “The opportunity to establish the strong and consistent data protection policies that consumers deserve. Upgrading this foundational piece of the infrastructure puts us on solid footing, as programmatic grows to encompass all of digital.”
The unprecedented cooperation means participants will have access to an identity framework built from pairing an encrypted version of people-based identifiers across devices. Upon the terms of the agreement, each consortium member has agreed to adhere to an agreement with respect to privacy and security, including compliance with digital advertising industry self-regulatory code and applicable laws. (Continued…)Read More at Business Insider