Earlier this week, LinkedIn, as part of their ongoing Influencers series, published “`Being Mean’: The Power of Constructive Criticism” by Tim Cadogan, CEO, OpenX.
In “’Being Mean”: The Power of Constructive Criticism,” Tim examines three approaches to providing productive criticism and how, in fact, not to be “mean”.
Article highlights and tips for constructive criticism include:
·Frequent – Provide frequent and prompt constructive criticism. Engage early and often, striving for immediacy. Provide frequent suggestions versus a barrage of feedback during an arbitrary session.
·Focused – The more focused, specific and actionable your feedback is, the better. It’s easier for a person concentrate on smaller, more tangible criticism that is actionable.
·Friendly – Be personable. The old maxim “sorry it’s business, it’s not personal” is false. Taking the time and effort to provide constructive feedback shows you care.
“If you really care about your company and your colleagues, you owe it to them to give them frequent, focused and friendly constructive criticism,” writes Tim. “It makes them better and with luck they will also reciprocate and give you the same kind of feedback and help you get better too.” Continue reading
A few weeks ago Forrester Consulting released research that found nearly two-thirds (62%) of local publishers are now selling inventory via programmatic buying. The Forrester study, “Local Programmatic Creates a World of Opportunity,” commissioned by Simpli.fi, conducted a survey of 100 publishing and ad organizations in the U.S. regarding their use of programmatic ad technology.
Highlights from the study include:
- 62% of local publishers sell inventory via programmatic
Of those local publishers,
- 70% sell display
- 68% sell video
- 56% sell mobile
Results from the study further show how local publishers are recognizing the benefits of programmatic and the value of the unstructured data. However, according to the study, there is an educational gap between local publishers and advertisers. Some local publishers are experiencing growing pains as they delve into programmatic advertising. In the study, 50% of respondents expressed the need for ad ops training and 65% said they needed sales training.
In short, the industry needs education and clarification on programmatic.
As programmatic continues to grow, ad technology companies, who have evolved with the industry, have the unique opportunity to provide the marketplace, which definitely includes local ecosystems, the educational support necessary to successfully adopt programmatic. Continue reading
Rob Kramer, General Manager of Mobile at OpenX, to present “The Native Gold Rush: How Native Ad Formats Are Making a Success Out of Mobile Advertising”
For those industry savvy folks, dmexco 2014 is one of the leading global digital marketing events that promises to bring all the leaders within the digital space together for comprehensive discussions of current opportunities and challenges. Top global innovators will be there to participate in the dialogs with this year’s event theme “Entering New Dimensions.”
OpenX is thrilled to announce that we will be part of the cutting edge programming at dmexco 2014. Rob Kramer, General Manager of Mobile at OpenX will be presenting “The Native Gold Rush: How Native Ad Formats Are Making a Success Out of Mobile Advertising.”
Two significant developments have changed the game for marketers: Native Advertising and Programmatic Mobile. Native ad units mitigate “banner blindness” and increase user engagement by a factor of 4 on mobile devices. Programmatic mobile provides the scale advertisers need to launch native ads. Seeing the success, publishers are offering substantial volumes in mobile inventory to the programmatic markets. Continue reading
by Victor Liu, Sales Engineer for Partnered Services
I recently joined OpenX as a new sales engineer coming from the telecommunications industry. As a newcomer to the world of programmatic technology, I anticipated my first days to be the beginning of a demanding but rewarding journey. I was definitely eager and ready for the challenge of learning about and working in programmatic. I feel the old school traditional “Mad Men” era of advertising is trickling to an end and is being supplanted by algorithmic transactions and digital automation technology. For me, it’s pretty exciting time to be part of all this change.
Day One at OpenX: Information flowed like a waterfall
I should also say “A LOT” of information flowed. Day One consisted of meeting friendly OpenXers, and soft introductions to a swarm of industry terminologies, acronyms, process flows, and diagrams. It was a lot to process. And I had a ton of questions: What is the display lumascape? How does our ad exchange function similarly, or differently, from a stock exchange? How do DSPs differ from SSPs? Is there a difference between ad agencies and ad networks?
With every question that was answered, two more questions would appear. Although I came from a similar tech background with its industry-specific lingo, it took bit to soak in all the new terminologies, relationships and environment. It’s a lot to take in on your first day but definitely intriguing for the intellectually curious. Continue reading
Here’s important news for any publisher or advertiser that has yet to adopt a mobile-first strategy: according to a new report by Digi-Capital, mobile Internet revenue is set to increase 300% in the next four years, reaching $700 billion in revenue by 2017.
Mobile ecommerce will account $516 billion, which will attract advertisers seeking to engage consumers on their mobile devices. As a result, mobile advertising will reach an impressive $42 billion.
Mobile acceleration is driven by numerous trends that have increased the number of opportunities for publishers, advertisers and consumers alike. For instance, new and higher-performing ad units command strong CPMs for publishers, and high engagement rates for advertisers. Any mobile-first strategy on the publisher side should explore native, rich media and video ad units. And buyers should plan on launching campaigns that incorporate them.
Common wisdom says that mobile lacks the rich data and targeting capabilities that’s available via display advertising, but that’s changing quickly. Publishers and advertisers can target users based on location, device ID, and services such as Google’s Advertising ID. And companies such as Flurry – which was recently acquired by Yahoo! – embed software into popular mobile apps which glean insight on usage. Continue reading
As traffic to the mobile web continues to soar, publishers are scrambling to understand how best to monetize their properties, while ensuring a positive brand experience for their readers and advertisers.
The new Econsultancy and OpenX Mobile Display Ecosystem report is designed to help digital publishers understand the opportunities of the mobile landscape, the advertising technology that drives innovation, and how smart content owners are successfully monetizing their mobile properties.
Based on in-depth interviews with mobile thought leaders, and senior-level executives from digital media and ad-tech companies, the report explores the following key questions:
- What is the state of mobile advertising?
- What are the most innovating companies doing to monetize mobile content?
- What are the best monetization approaches?
- What does the programmatic landscape look like in mobile?
- What are the barriers to a successful mobile monetization strategy?
Click here to download the full report here.
Programmatic is widely adopted in the U.S. and a few other big markets but what about the rest of the world? A recent whitepaper from IAB and Winterberry Group entitled, “Going Global: Programmatic Audience Development Around the World,” finds that there are plenty of opportunities for programmatic to expand into new regions – as long as those regions are prime for it.
For programmatic to be truly global, some key challenges must be addressed, chief among them: worldwide adoption of data-driven audience development. Here in the U.S., the industry is quite experienced in collecting, analyzing and acting on audience data. The practice is less developed outside of the U.S., a concern expressed by survey respondents.
Additionally privacy laws can damper programmatic’s growth. That said; the study finds that “While government regulation can serve to inhibit audience development strategies, its presence has generally not served to curtail the practice as much as some may fear.”
Sunday, July 20th marked the Annual OpenX Summer Picnic at Calamigos Ranch in Malibu, California. Team members gathered with family and friends for an afternoon chock-full of activities that didn’t involve RTB, PMP or SSP! Rounds of tug-of-war, sack racing, and egg tossing brought colleagues together at their best (dry) and at their worst (covered in yoke). Fortunately, there were plenty of water balloons on hand to splash away debris.
Our summer picnic was a wonderful opportunity for OpenXers to get to know the person behind the @openx.com email in laid-back and fun atmosphere. True to OpenX’s culture and values, our picnic reminded us that how we do things as a team often matters as much as what we do.
On that note, time to get back to work and make sure our up-coming holiday shenanigans take it up another notch!
By Dan Sheehy, Vice President Business Development, OpenX
The first half of 2014 has been an exciting time for programmatic. According to the IAB, spending for Q1 2014 is 19% higher than Q1 2013, and reached an astounding $11.6 billion in a single quarter.
Why the sustained growth? According to Sherrill Mane, SVP of Research, Analytics & Measurement at IAB, it’s a direct result of increasingly sophisticated audience targeting, which justifies continued spending:
“These Q1 revenue levels speak to digital’s unique ability to identify the most relevant audience segments and deliver powerful results.”
Programmatic spending is deep and wide
Programmatic spending is increasing across new formats and from new buyers, as shown and projected by recent industry reports. Here are some highlights from a collection of trend reports comparing Q1 2014 growth to Q1 2013:
- Programmatic mobile spending surged 109%.
- Programmatic video spending is up 65%.
- Programmatic display and social spending is up 20%.
- Local brands are beginning to purchase programmatic, accounting for 5% of total programmatic spend – up from 2% in Q1 2013
- Regional brands now account for 11% of total programmatic spending
Ever since the consumer hopped online, publishers have been fighting a steady loss of revenue from print ads and subscriptions, causing many of them to close their doors for good.
But over the past 5 years, publishers, agencies and digital ad-tech providers have worked together to perfect the art and science of digital advertising. Now, according to research reported by eMarketer, those efforts are starting to pay off. According to their recent report:
- 88% publishers predict revenue will grow in the coming year
- 62% credit a rise in digital ad sales for revenue growth
- Less than 25% are counting on revenue from subscriptions