It’s 2014 and nearly everything is described as data-driven. From marketing to recruitment, all actives are quantified and leveraged in an algorithm to optimize a future, repetitive action. Data-centric strategies minimize waste and provide a competitive advantage.
Data Management Platforms (DMPs) provide the necessary infrastructure to append and normalize disparate datasets from varying sources – both structured and unstructured – determined from different methodologies with varying accuracy. All of this enables a client to onboard anonymous first party data to i) further decorate it and provide insights, and ii) make it actionable.
The following presentation is an overview of the desktop DMP industry as I see it today (2014) and how I view mobile as an opportunity for expansion of both technology and client budget.
Established DMPs have an opportunity to further commercialize their technology. I look forward to watching who makes the transition successfully.
[Sources available upon request: Keith.E.Petri@Gmail.com or @KeithEPetri]
Unite the interests of advertisers, marketers, publishers and digital merchants around distinct, actionable audiencesPresent a foundational infrastructure for managing and optimizing, cross-channel customer experience managementPromote the development of “Big Data”-level insights that could inform product development, customer service, resource allocation and a range of other business functionsManage complex data governance programs that seek to preserve privacy, promote transparency and choice, ensure the security of sensitive information and guarantee that the interests of the consumer are never subordinated to “real-time” execution needsProvide a foundation for assessing—and substantiating—the true value of advertising, marketing and media investmentsSource: http://www.iab.net/about_the_iab/recent_press_releases/press_release_archive/press_release/pr-1112125th, if needed, “Enable Smart Marketing Investments”