Forget all the digital marketing tech you know… Just as you forgot the phones of yesteryear

BPRISE Tech of the Future

For those of us who used a Nokia 3310 and a generation of Nokia phones thereafter, before we switched to iPhone and other brands, we know just how great those phones were. They got us through calls, SMS and even carried a couple of games. There seemed to be just one brand of phones, the indomitable Nokia.

Then came along Apple. Apple entered the arena with a game changer phone, with smart software, making ordinary phones smartphones. This redefined how people used their mobiles. It gave people a good browser to navigate the world wide web, a powerful hardware to support mobile gaming and an app store that contained tons of great and ever-increasing apps. Still, Nokia maintained a huge advantage over Apple for years - its distribution network and its relatively well priced products across the spectrum.

Late but great, Google arrived, and grabbed market share. Not as a gadget provider. Google brought software, an app store and then gave wings to manufacturers to craft a phone that could take on a Nokia or an iPhone at a price and product advantage that the manufacturers deemed fit. This essentially made the iPhone alternative, Android, affordable to a mass of people who wished for a smartphone but could not escape Nokia.

Circa 2020, as I write amid a turbulent COVID-19 phase, I cannot help but compare notes with this piece of history in a different industry - advertising technology.

Like Nokia, the staple display marketing software in the world was and has been Google AdWords (now rebranded as Google Ads) for two decades. Around a decade ago, a revolution happened when publishers and advertisers started demanding more transparency in the money being traded among themselves. This led to a framework being jointly built, called Programmatic Advertising. Naturally, companies jumped into implementing this framework.

Publishers implemented the framework on their websites and apps. Advertisers started buying media programmatically. Google too jumped in, by buying out a programmatic platform called Invite Media and merging it into their DoubleClick offering for Advertisers and Publishers. Programmatic media buying also ushered in a special feature (akin to the app store), the ability to make a deal with any data provider of your choice and importing those data segments into the programmatic platform for precision-based targeting.

This was revolutionary. But there was a catch.

It was and still is available only to brands and agencies that can afford to cough up a platform fee, commit to monthly big dollar spends with guaranteed annual spend commitments. Kind of the pricier iPhone of the digital advertising industry. So, anyone who could transact big dollars and pay a platform fee, gained access to this powerful platform. A software for the big businesses. The common man i.e. a vast majority of small, medium and large enterprises continue to use the trusted and efficient Google Ads platform. This population does not probably know what they are missing. Even Nokia of old had many games and a browser that rendered websites decently well. Of course, an iPhone was desirable, but that did not matter, Nokia worked just as well.

However, in the advertising business, it matters if you own a Nokia or an iPhone, i.e. are you on Google Ads or a Programmatic Platform. The big companies use data as the new age oil and get bigger. Simply because they can afford to. As a small, medium or large enterprise with limited resources or not wanting to get into annual commitments, your tools are the same. But the giants can always use the advantage of data to outbid you to reach the target audience at a lower cost of acquisition, even though they are spending a lot more for that audience and inventory.

So how do we build an Android like model in the digital advertising ecosystem? Simply put, how do we get programmatic (the software) and the audience (app store) to the manufacturers (ad agencies) at a price that is affordable and accessible to all?

Firstly, we take out the platform fee. This automatically makes the platform affordable. Add the fee when customers want to commit to higher spends and need guaranteed inventory.

Next, unhinge from the minimum spends requirement. Let everyone in.

Finally, add the app store to the mix. In this case, data providers. Make it easy for brands and agencies to find various data providers on a single marketplace, without the need to sign-up separately as being done today.

This approach essentially brings advanced targeting and a single place to buy inventory at affordable prices. At BPRISE, we have created this one-stop integrated platform to offer audience-based programmatic media buying, delivering ads across video and banner formats. You get to pick from over 75+ data providers, 30,000+ data segments (example aspiring home buyers, is a data cut for whom you can target home loan ads or new home ads) and a publisher inventory that spans the globe (by publisher, we mean websites and apps).

In current times when almost everyone is online due to the coronavirus crisis, and in the near future when online will become the preferred platform to connect, you will appreciate the advantage of filtering - right down to the website or app, Geo-location and audience to target your ad.

Now that you know why you should forget practices of the past, request access to our closed beta trial of the latest in marketing technology.

KYC To Improve Marketing KPI?

Customers Less Likely To Respond To Brands After One Bad Mobile Experience

Gone are the days when you could carry out the “one size fits all” philosophy to your marketing campaigns. Today you need to focus on an array of parameters to draw up an effective marketing strategy.

If your target group is not clearly defined and marketed to, you run the risk of hurting your brand image since customers are less likely to engage with a company after one unpleasant mobile experience. And BPRISE wants to help you make the best decisions for your business.

Dear Marketer, Do You Know Your Customers?

A study by Nielsen highlights that only  47% of the digital campaigns in the UK reach their target. This is because marketers apply traditional targeting methods to digital and don’t really know their customers as well as they should. It is tricky because marketers not only have to engage with their existing customers but also expand their reach.

We’re saying that as marketers you have a great tool available at your disposal today – Data! And you can witness first-hand how digging into your data will nurture leads that make larger purchases than those who are not nurtured. Here’s proof!

Another study by US Business Executive showed that 64% of marketers agree that a data driven approach drives marketing success on a global scale. And data analytics forms the base of a data-driven marketing strategy. BPRISE helps you leverage modern data collection and analysis tools to get actionable and valuable information about your customers.

Try Out The BPRISE Unified Marketing Solution, Covering Data & Marketing

We’re thrilled to announce our approach with marketing, influenced by your data. Our offline-to-online solution applies analytics to your offline customer data and helps you launch relevant, personalized marketing campaigns from our marketing platform.

You can also quickly launch marketing campaigns from the BPRISE marketing dashboard, across multiple channels, including:

  • Facebook
  • Email
  • SMS
  • Websites

You can track your marketing ads, emails, SMSs and more on one single platform – the BPRISE Manager Platform. This enterprise platform  gives you performance insights that can further help your retargeting initiatives. Invest in the right set of technologies to drive your marketing KPIs.

Start with an understanding of your customers with data analytics, engage them with personalized marketing and don’t get short-changed in marketing. Let’s talk data and business, shall we?

Data Mountains & How To Deal With Them?

“In God we trust, all others must bring data” – William Edwards Deming (statistician)

The numerous marketing systems today with distinct functions, make marketers switch between multiple tabs/windows to effectively market and understand its impact. Additionally, the digital advertising spectrum keeps widening with the growing numbers of mar-tech providers, technologists and data solution providers. What solution really maps individual customer journeys or which one allows you to market effectively? Do you spend time in sourcing reports and preparing a single Excel doc to have a holistic customer profile?

Because according to Mary Meeker’s Internet Trends Report 2017, on an average an enterprise uses 91 marketing automated platforms. Dive a little deeper and you’ll find that based on “functions”, there are close to 180 display and programmatic advertising solutions and around 161 marketing automation and campaign management platforms. This clearly depicts how complicated the life of a marketer really is. Multiple platforms that result in data silos also bring about work duplication, which means, more man-hours are spent on collation of reports than actually driving business with insights. Disconnected platforms that house customer data make data management challenging.

Busy But Not Bright?

Marketers spend hours collating data from point-of-sale (POS) systems, client relationship management (CRM) software, loyalty program databases and more. Once this tedious task is through, they resort to marketing platforms and automation tools. Do you see how many platforms and interfaces they deal with? Imagine the amount of offline data (POS, CRM etc.) a marketer really has in reserve? This is where a platforms like customer data platforms (CDP) and data management platforms (DMP) becomes handy. CDPs allow marketers to exercise control over their customer data but does not that erase the need for a marketing automation platform. CDP vendors are specialized in automation, tag management and/or deriving personalized insights, but still does not cover marketing attribution. Similarly, DMPs power data-driven marketing powered but cannot double as a marketing platform.

Marketers have their hands on multiple software platforms but they’re still short of time and a single view of customers.

A Bright Ray Of Hope

The need of the hour is a solution with the ability to ingest data from multiple sources, make customer buckets, shoot relevant ads and attribute success to the right advertising mediums. One platform to do all that!

A unified data management solution that provides predictive insights, automates marketing and subsequently feeds on campaign data for further intelligence is your fix! Marketers’ work would be more effective when insights, analytics and ad-dollar spend views appear in on a single window. This digital activation helps marketers innovate based on the intent and interest of target customers resulting in effective ad-dollar spends.

 

 

UDM: How Data Under One Roof Can Help Marketers See The Future

User data is constantly sprouting in every corner of the web and mobile universe, with every passing second. We see ad tech companies, brands, ad networks and exchanges and every middleman scampering about in an attempt to collect that knowledge from each of its sources. But in this hunt for extracting valuable information from oceans of data every day, there lies a big gap between connecting nameless/faceless digits provided by Data Management Platforms (DMPs) to the more tangible, yet minuscule number of known IDs that come in through Customer Data Platforms (CDPs).

That’s the challenge that we at BPRISE have worked to solve.

Not Just DMP, But Holistic Data Management

When advertisers buy media across a vast range of different sites and through various middlemen, including DSPs, ad networks and exchanges, DMPs typically tie all that activity and subsequent audience data together in one, centralized location. This is used to help optimize future media buys and improve target practice when a client wants to reach a certain filtered demographic. But what the DMPs provide is only 3rd party information that’s ripe for the taking for you and your competitors going after the same customer(s). They don’t provide you with unique identifiers and definite readings of your prospective buyers. You need to knock on a CDP’s door for that.

Or you could just ring our doorbell instead, to cover both sides of the spectrum. We at BPRISE have devised our own system that marries the expansive reach and global access of DMPs with the precision and pointed knowledge of CDPs. We call it UDMP-Unified Data Management Platform. Since we trace your customers even when they travel outside of your website/app framework onto other 3rd party territories, with our UDMP, we are able to connect this first-hand CDP data with information from 3rd party apps and websites (information that has already been analysed by DMPs). This is a more durable and privacy-led connector between known and unknown ID types. So, everything from transaction data, demographic data, and virtually infinite amounts of behavioural data all churn away under our UDMP warehouse.

Thanks to UDMP behaving as a superset of data from DMPs and CDPs, we are able to provide a consolidated view of your customers’ interests and better predict future behaviours, consumer paths and motivations. Since we bridge the gap between DMPs and CDPs and manage the relationship between the ‘general’ mass of data points and known facts about uniquely identified consumer profiles, we have the power to enrich email lists and retargeting campaigns with anonymous DMP attributes to drive performance in known channels.

UDMP. More Juice, Less Faff.

By building this UDMP we can help our clients to better understand customer information and do it with major operational efficiency. Every data point is enriched and made sense of in a way that ensures minimal waste of key information and full use of the cost that went into acquiring that data.

UDM provides you with a data-set of your actual audience which can be activated across an entire life cycle: acquisition, engagement, conversion, and retention. There aren’t restrictions on the types of data you can collect, the segmentation is real-time, and it is channel agnostic to ensure the seamless flow of data. This flexibility arms brands and advertisers with an ability to really explore more possibilities and methods to engage with their user bases.

Controlling such vast amounts and types of data all under one roof also allows us to come to more accurate conclusions, at a faster rate. This in turn feeds into optimisation campaigns and switching strategies to capitalise on emerging trends. By unifying the DMP and CDP universes, at BPRISE we constantly refine lookalike models and present our clients with not just the 411 about their existing customers, but also point them to the coordinates of their future buyers and patrons as well.

So, we’re saying, instead of employing the services of multiple middlemen entities to gather information about the same target audience, give us a call. With our Unified Data Management Platform, we warehouse all the data pouring in from numerous locations and hand it to you in a way that makes sense. If you believe that Data is the new currency, then know that UDMP functions as a big bank. Start your account with us today!