Advertiser Perceptions, the leader in providing research-based strategic market intelligence to the media, advertising, and ad tech industries, conducted the second edition of its “Data Standards Practices” study. The research investigates the challenges and opportunities of implementing data standards in advertising and marketing across measurement and attribution, privacy and compliance, ad creative development, brand safety, and generative AI across brands, agencies and organizational roles.
“86% of respondents agreed that without a data standards practice, their organization would fall behind competitors or lose market share over time,” said Lauren Fisher, GM of Business Intelligence at Advertiser Perceptions. “Advertisers are particularly optimistic about the returns seen from implementing data standards for important marketing issues such as privacy compliance, brand safety and the consumer experience. Estimated ROI levels increased by 5 percentage points or more, compared to 2023 findings. However, there has been an increase in Excel usage to accomplish tasks, which ultimately opens companies up to greater difficulties in managing data standards, brand safety and privacy.”
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Involving Ad Agencies in Data Standards Practices
Gaps in agency involvement in data standards practices significantly limit advertisers’ ability to achieve greater ROI, ensure privacy compliance, and maintain brand safety. This lack of engagement also poses increased risks for agencies themselves and underscores the need for brand and agency collaboration.
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Organizational Role Impacting Data Standards
Different roles within the organization view data standards very differently, given that each role carries out distinct functions and has varied access to the data and technologies involved in the stages of media planning, buying and reporting. For example, strategic teams are optimistic about their practices but are further from processes, while operations and analytics teams face challenges and costs related to lack of data integration.
The figure visualizes systems advertisers and marketers might have access to based on their roles within the organization. It also shows how these roles relate to each other based on the advertising functions they execute. Teams closest to the task at hand often have the greatest understanding of how well their data standards and strategies are working.
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Advertiser Perceptions Research Shows US Advertisers See an Average 33% Increase in ROI with Data Standards first appeared on Web and IT News.
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