An online ad industry coalition updated stakeholders on movement toward more relevant ad metrics.
The largest online ad industry trade group is pushing for new ad metrics to become standardized by the first quarter of 2013. The primary goal: begin to phase out reliance on the ad impressions-served metric and replace it with the viewable impressions metric. Also by that time the Interactive Advertising Bureau and its partners in the initiative expect advertisers and publishers will be using the eGRP metric, which industry players hope will complement the viewable impression metric with a more audience-focused gauge that speaks to brand advertisers.
It was over a year ago that the IAB came together with The Association of National Advertisers and American Association of Advertising Agencies to introduce its sweeping project, overseen by the Media Ratings Council, a respected third party with a long history accrediting advertising and media firms.
Pilot testing for the viewable impression is near completion, said the organizations during a webinar held this afternoon. The groups also said the creation of a viewable-based eGRP is underway, in addition to the development of a new taxonomy to classify digital ads as they move into this next evolutionary stage.
The viewable impression metric would measure only ads that are actually seen by a user, rather than measuring all impressions served even when users don't bother to scroll down to see them. The idea is to count only real exposures of ads online. "The notion of viewable impressions is accepted by buyers and sellers alike," said Sherrill Mane, SVP, industry services for the IAB, during today's webinar.
The coalition is still working out the details, said Mane. For instance, it remains unclear how long an ad needs to be visible to a user for it to count as a viewable impression. "We are proposing a minimum of...one second," she said, noting, "As we go forward, we will learn about how that impacts different kinds of ad formats."
Another wrinkle: video ads, which are becoming increasingly popular among advertisers and lucrative for web publishers. "We also recognize that those parameters would not apply to a video ad, so we are actually also in the process of gathering information and trying to come up with what we think are reasonable parameters," said an MRC representative.
Along with the MRC and advertising and publishing industry bodies, the "Making Measurement Make Sense" project involves Bain and Company, a global management consulting firm. Private equity firm Bain Capital, a spinoff of Bain and Company, was once run by Republican presidential hopeful Mitt Romney, and has been vilified by the left. The two are separate entities. Some reports indicate that Romney also once led Bain and Company as interim CEO.
UPDATE: This story originally incorrectly suggested Bain and Company and Bain Capital are the same firm.
Join the Industry's Leading eCommerce & Direct Marketing Experts in Chicago
ClickZ Live Chicago (Nov 3-6) will deliver over 50 sessions across 4 days and 10 individual tracks, including Data-Driven Marketing, Social, Mobile, Display, Search and Email. Check out the full agenda and register by Friday, Oct 3 to take advantage of Early Bird Rates!
Kate Kaye was Managing Editor at ClickZ News until October 2012. As a daily reporter and editor for the original news source, she covered beats including digital political campaigns and government regulation of the online ad industry. Kate is the author of Campaign '08: A Turning Point for Digital Media, the only book focused on the paid digital media efforts of the 2008 presidential campaigns. Kate created ClickZ's Politics & Advocacy section, and is the primary contributor to the one-of-a-kind section. She began reporting on the interactive ad industry in 1999 and has spoken at several events and in interviews for television, radio, print, and digital media outlets. You can follow Kate on Twitter at @LowbrowKate.
IBM Social Analytics: The Science Behind Social Media Marketing
80% of internet users say they prefer to connect with brands via Facebook. 65% of social media users say they use it to learn more about brands, products and services. Learn about how to find more about customers' attitudes, preferences and buying habits from what they say on social media channels.
The Multiplier Effect of Integrating Search & Social Advertising
Latest research reveals 68% higher revenue per conversion for marketers who integrate their search & social advertising. In addition to the research results, this whitepaper also outlines 5 strategies and 15 tactics you can use to better integrate your search and social campaigns.
September 17, 2014
September 23, 2014
September 30, 2014
1:00pm ET/10:00am PT