The document discusses the evolution of programmatic advertising from dull performance ads to more precisely targeted brand messaging. It outlines how programmatic advertising has improved, moving from poor quality inventory and banners to targeting niche audiences at scale using premium, viewable and brand-safe inventory. The document suggests that the future of advertising involves integrating detailed location, wearable and IoT data across channels, going beyond cookies to identify audiences, and using dynamic creatives that can learn and optimize performance. The overall trajectory of programmatic advertising is moving from an initial exploratory phase to one that integrates data more comprehensively.