Here it comes and you don’t even know what it is or what it is doing to you and your internet habits. Big Data is the culmination of all your movements on the internet. Congress gave companies permission to track and sell this information to any customer that can afford it both in price and volume. It allowed UPS to figure out the best route to take with their trucks to reach your house or office. It lets Dell Computers decide what you, the consumer, wants.
One of the programs that came out of this is called Programmatic Buying. It allows brands to use audience insights and technology to tailor messages to the right person, at the right moment, in the right context. It helps brands respond to real-time signals on an impression-by-impression basis across screens and across channels. For example, if a mom’s online shopping gets interrupted with errands, programmatic buying can help the retailer she was visiting reach the mom on her smartphone as she shifts to shopping on-the-go. That’s just one of an unlimited number of scenarios brands can use to engage audiences with programmatic buying. Does this sound familiar? It is sometimes called “remarketing”. You may have looked on an ecommerce site at a product and all of a sudden after you left, it seems to be following you on ever commercial site you visit.
It is now being formulated for the smaller merchant. Companies like Double Click, owned by Google, will be leading the technology. They feel today’s consumer is connected, interested and engaged. Think about all the people that sit there and stare at their smart phone. That is the market.
Example: Nike’s Phenomenal Shot pushed the boundaries of real-time advertising to capture the energy and excitement of the World Cup. Within seconds of a memorable match, or shot, Nike delivered immersive 3D display ads across sites and apps in 15 countries. Fans were then able to interact with these moments, making them their own, and share them on social networks. Real-time buying made it possible for Nike to deliver a beautiful, mobile-rich media experience with over 2 million engagements.
Like it or not, if you are a businessman who sells a product or service and wants to engage the younger generations, you better start studying or get someone that can guide you through it.