Using Data to Bridge Linear and Addressable Television
Data and its use in the media industry have changed since Herbstman's DR days. "Data used to mean more survey-based research," she explained. "Now, we are working with actionable data on television. There are many data sets representing actual behavior that can be leveraged and then measured by real business outcomes." Cadent is taking major steps to maximize the value of this data for advertisers; the Cadent Advanced TV Platform unifies linear and addressable campaign reporting to offer a transparent understanding of what worked and didn't work in their campaigns.
"Marketers are looking for meaningful and actionable results, but typically, they don't get unified post-campaign analytics when they execute with a few providers," Herbstman said. "[With Cadent's solutions across advanced and linear TV] we begin by asking the client, 'What are your primary objectives? How are you measuring success?' This can range from a brand health study or web traffic measurement to a first-party sales analysis from an addressable or linear perspective. It depends on what the client is looking to achieve. They can see it all from our platform in one clean snapshot."
Keeping Up and Standardizing Results
"The landscape is changing daily" with new data sets and new supply sources in the mix, Herbstman asserted. Cadent's challenge is keeping up with the changing ecosystem. "On our end, standardizing and aggregating the measurement across multiple systems is most important," she said. "We are in constant communication with both the data vendors and the supply side partners to be sure that everything we can unify, we do." Depending on the client's key objectives, they now have visualizations that help them home in on the key campaign outcomes. This eliminates the clutter, making data easy to digest, interpret and actionable for clients.
Creating commonality from the platform's output offers great addressable benefits. "Post-campaign analytics fuel insights that inform future linear and addressable campaigns," Herbstman explained.
"Marketers get a full picture of their campaigns, including which networks perform best and at what point the campaign frequency reaches diminishing return," she continued. "With standardized scripts, we can clearly interpret results and make strategic recommendations for future addressable campaigns and/or other media tactics the advertiser may be executing."
Tracking results is a big part of Cadent's philosophy, and working closely with the advertiser is an important component of the relationship. "We want to make sure that from a measurement perspective we are tying it all together and can prove or disprove the initial investment," Herbstman explained. "From the initial conversations surrounding the campaign test design, it's our job to provide consultative support. Then, post-campaign, once the client understands the value in addressable analytics and sees the return on their investment, they're generally more confident in the next campaign. Once that first campaign is complete, we use the results to optimize better for the next campaign." Data from thousands of campaigns across all categories is stored and then used in scientific planning algorithms to enable the smartest strategic recommendations in the Cadent Platform.
Applying Results to Future Campaigns
The granularity of the data enables Cadent to drill down and better understand variances between targeted audience segments. Being transparent is a vital component of the relationship. Advertisers can understand every single part of the puzzle and how the addressable campaign varies from linear, VOD or IP-connected, for example, and understand the differences between the platforms and how to best use them in aggregate based on the category, strategic segment and KPI, Herbstman noted.
"Ultimately, standardized addressable reporting will lead to a more transparent TV ecosystem and better ROI for marketers," she concluded. "Our goal is to provide an easily digestible analytics visualization tool that clearly narrates the campaign's performance -- wins and losses -- while understanding the integrity of the data and potential areas to optimize future campaigns.">