Programmatic ad buying has changed the face of online advertising, but there’s still confusion around what it actually is. Preventing marketing spillover is the reason we are working more on programmatic advertising. There are millions of websites, applications and digital properties being viewed across a variety of channels, all day and every day.
What is programmatic advertising?
Programmatic advertising automates the ad buying process and secures ad space based on criteria identified by the buyer. With it, our portals such as 8Hoarding, Ad8OOH, Ad8TV,Ad8Paper, Ad8Radio, Ad8Mobi do the hard work of media buying and are more accurate in finding the right users, need for creativity and appropriate messaging.
“Programmatic” ad buying typically refers to the use of software to purchase digital advertising, as opposed to the traditional process that involves Request for Proposals, human negotiations and manual insertion orders. It’s using machines to buy ads.
Why does programmatic advertising matter?
Before programmatic ad buying, digital ads were bought and sold by human ad buyers and salespeople, who can be expensive and unreliable.
Programmatic advertising enables marketers to more effectively funnel messaging across desired channels and optimize share of attention to reach the most desirable markets and demographics, and use data to pinpoint new opportunities. Programmatic advertising technology promises to make the ad buying system more efficient, and therefore cheaper, by removing humans from the process wherever possible. Humans get sick, need to sleep and come to work hung-over. Machines do not.
Are robots replacing people?
Yes and no. Technology is being used to replace some of the more menial tasks that humans have historically had to handle, like sending insertion orders to publishers and dealing with ad tags, but they’re still required to optimize campaigns and to plan strategies. Programmatic technology will probably mean there are fewer ad buyers in the world, but it could also allow both marketers and sellers to spend more of their time planning sophisticated, customized campaigns instead of getting bogged down in bureaucracy.
Is programmatic buying is the same as real-time bidding, then?
No, it’s not. Real-time bidding is a type of programmatic ad buying, but it isn’t the only one. Real Time Bidding refers to the purchase of ads through real-time auctions, but programmatic software also allows advertisers to buy guaranteed ad impressions in advance from specific publisher sites.
Is programmatic “the future of ad buying”?
Yes. It’s impossible to tell what portion of advertising is now traded programmatically, but it’s definitely on the rise. Some agencies now say they’re eager to buy as much media as possible through programmatic channels, and some major brands have even built out in-house teams to handle their programmatic ad buying as they spend more of their marketing budgets that way. At the moment, it’s mainly online ads that are traded programmatically, but increasingly media companies and agencies are exploring ways to sell “traditional” media this way, including TV spots and out-of-home ads.
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