Consumer mixed reality app installs are surging, and marketers are following suit with expected ad spending of $11 billion by 2024, a significant increase compared with $2 billion this year, according to Juniper Research. Some 75% of these consumers are expected to make in-app purchases, but abandonment rates are high, so Juniper urges developers to follow players such as Snap and Niantic that are regularly updating offerings.
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Facebook isn't just a social platform for marketers, it's an advertiser itself, and Facebook Vice President of Global Marketing Solutions Simon Whitcombe has insight from both perspectives. In this interview, he discusses the problem with relying solely on the cost per acquisition metric, how rising Facebook rates are tied to its machine learning costs, the importance of authentic creativity and the challenges of monetizing Stories.
Three keys to humanizing the future of work Organizations are moving towards a shared goal to redefine the importance of work. As they focus on thriving in the new era, businesses must: re-architect work; unleash the workforce; adapt the workplace. Learn how to get started in this Deloitte article.
Twitter has designed a draft proposal to combat nefarious content that's "synthetic or manipulated ... that's intentionally trying to mislead or confuse people," according to a company blog post, and is welcoming comments through Nov. 27 via an online survey and #TwitterPolicyFeedback. Plans include placing notices next to suspected tweets, warning individuals before sharing content and adding links to sources.
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Walmart had high hopes for generating revenue by enabling brands to target ads on its streaming Vudu service based on its shopper data, but marketers say tepid consumer interest and an unresponsive sales partner are making it a less-than-ideal investment, writes Tim Peterson. "Vudu's scale is one of their downfalls," says PMG's Natalee Geldert, noting, "Their customer base is just not growing at the rate of other platforms or services."
Jivox is launching Jivox IQiD, a tool based on hybrid cloud technology that enables marketers to collect, maintain and utilize consensual first-party consumer data to craft promotional initiatives. "We have been trying to develop a solution that assumes third-party cookies would go away and that also adheres to the privacy concerns that are the reason that browsers are moving in that direction," says Jivox founder and CEO Diaz Nesamoney.
The latest stats on consumer sentiment amid the pandemic The latest refresh of ICF Next's COVID-19 Monitor Survey looks at how U.S. consumers are feeling about the pandemic, the public health response and how they're thinking about their future behaviors in financial services, healthcare, and retail/grocery as nationwide vaccine eligibility rolls out. Download Survey Report
Warner Bros. Pictures is touting "Scoob!" with a YouTube video that marks the first time a movie trailer has incorporated augmented reality, enabling viewers to take selfies with a puppy Scooby-Doo. "[T]oday's digitally savvy audiences want new ways to connect with the trailer-viewing experience," says Warner Bros.' Andrew Hotz.
US marketers that want to gain the most consumer attention to social media posts should consider alternating communications between the Eastern and Central time zones, according to CoSchedule, which analyzed its data and numerous studies. Research also revealed that the optimal time to engage with consumers is:
E-commerce ad spending increased 115% during the third quarter compared with the same time in 2018 and rose 51% from the second quarter, according to Marin Software, which attributes the growth to Amazon's Prime Day and the back-to-school season. "While Amazon is growing rapidly, they are growing the digital pie rather than stealing from Google and Facebook," says Marin's Wes MacLaggan.
NEW Survey Results: Beyond the Cookie Report How are marketers and publishers preparing for a post-cookie world? We surveyed 1,000 decision-makers to find out. Get a copy of "Beyond the Cookie: The Future of Advertising for Marketers & Publishers" from Lotame to learn how companies are preparing. Access the report here.
IAB Europe, the leading European-level industry association for the digital marketing and advertising ecosystem, in partnership with IAB Tech Lab, announced the launch of the second iteration of the Transparency and Consent Framework (TCF). The TCF is an industry tool that supports companies within the digital advertising ecosystem as they manage their compliance obligations under the GDPR and ePrivacy Directive. This follows a 12-month review period which has included market feedback from all sectors of the digital advertising industry, notably publishers and nine meetings with Data Protection Authorities (DPAs) throughout Europe.
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