A data-driven approach to advertising is enabling deeper insights into consumer motivations, behaviors and actions for brands. To create better video experiences across their own brands and clients' brands, Oath relies on its proprietary research and platform data to understand the trends driving video consumption and growth across new formats and then be used to drive a brand’s strategy. “We know that successful brands grow by anticipating the needs of consumers in a constantly changing marketplace,” noted Maya Abinakad, Senior Marketing Manager, Oath. “The market landscape is evolving at a pace unlike anything we’ve seen before,” she added, “especially in the areas of AR, VR and 360, for example.”
As marketers try to keep up, the question on the minds of many industry leaders is: Do you have your finger on the pulse of the consumer? Are your current investments in an under-appreciated consumer technology well placed for future success or destined for a flop? Brands need to understand consumer expectations and the threshold for advertising or risk wasting valuable dollars and development time. Parsing the opportunities and pitfalls is the direction that this research is taking with their latest State of Video Industry online study in partnership with InsightsNow.
Abinakad (pictured right) believes that the best research uncovers the human motivations that drive consumer behavior, maybe even revealing results that upend the established order. “When you don’t question established order, it can lead to short-term results,” she stated. “Company leaders may believe and invest in something that may not be of great interest to consumers. This research is pivotal to keeping up (and ahead of) quickly changing consumer trends to maximize business opportunities and plan for the future,” she added.
The study focused on consumers age 16+ and B2B constituents, including industry buyers (agencies and brands) and sellers (publishers, ad networks and ad tech providers). The results revealed macro trends in the video ecosystem and where attitudes between consumers and companies merged and diverged. But Oath’s main purpose in this study is to deeply understand how and why consumers are engaging with video online and the importance of acting on insights as part of one’s video strategies, especially given how quickly the industry is evolving.
Here are the major takeaways:
Oath’s collection of more than 50 global media and technology brands ranges from AOL and Yahoo to HuffPost and TechCrunch. Their redoubled focus is on delivering content and ads across mobile platforms so research necessarily plays a big role in this effort. Understanding the accelerating trends in media and placing efforts in those trends are essential for their future success as well as their advertisers.
“Our mission is to build brands that people love," said Abinakad. "Since marketers are focused on delivering the highest consumer experience possible, having and offering relevant, insightful research results will help our clients reach that goal."
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