From print ads of the past to modern-day 3D billboards – advertising has undergone a sea change over the recent past few years. The technological innovation that is pacing at a higher speed is reshaping the industry faster than ever before.
And, today digital out-of-home (DOOH), is taking over the traditional avenues of out-of-home (OOH) advertising. With easier implementation than traditional buying and a more automated, dynamic experience it is quickly becoming an exciting and reliable way for customer reach-out. It is now an important component of a brand’s media mix because it offers efficient process management with the ability to adjust & manage media buying, even during unexpected scenarios (the COVID-19 pandemic outbreak).
With online advertising, metrics data is considered a prominent indicator for the success of marketing campaigns. This makes it possible to connect brands to their target audiences with the right message at the right time; capturing the attention of consumers on the go.
And, while analytics play a crucial role with digital out-of-home advertising how metrics are tracked is a little different. If you’re also curious about the impact generated by data analytics in outdoor advertising but aren’t sure how and where to start, then this article is for you.
It helps connect brands with consumers across placements as they move throughout the day. The data helps identify areas with a high concentration of the brand’s target audience and how the messages are served across different avenues. This would support intercept, increase awareness, and drive consumer interest (online or in-store). And, the digital billboards advertising units include digital bulletin boards, digital signages, and digital screens installed across buildings – including gyms, restaurants, malls, and more.
Brands often struggle to measure outdoor advertising performance – how it helps convert distracted, passive audiences into paying customers. How are people connecting with the messaging? Are they noticing the ads and pausing to look at them?
Advertising companies can achieve an improved return on investment (ROI) for their marketing campaigns. It is by examining spend allocations at each phase of the advertising campaign cycle to restrict revenue leakage.
DOOH analytics can help businesses drive deeper customer engagements through relevant & actionable insights. They help increase profits in two main ways:
A full-proof campaign strategy powered by data visualization and analytics solution helps uncover hidden insights and patterns for accurate decision-making. It is by analyzing how advertising activities interact with the actions and purchases. This helps track marketing campaigns and regulate their performance at each step, influencing the peaks and dips in sales.
Hence, a holistic view of the campaign covers information such as inventory delivered, conversion rates, click-through rates, and action completion rates. These insights enable the brands to make the required adjustments in the advertising campaign in real-time.
Partner with us to leverage analytics to develop custom solutions to precisely measure conversion rates.
The number of impressions that a screen gets over a given period is a critical measurement component. With DOOH, the appearance of an ad on one screen is likely to reach one-to-many mediums. Several people may be likely to look at the screen at any given moment. This would imply that one play of an ad can be counted as several impressions.
And, data collection would help determine the impression multiplier factors and number of impressions. Even though there are varied parameters for statistical analysis, for example – ticket sales would determine ad visibility, cameras & sensors integrated with the DOOH analytics platform would provide insights on view data and more.
They allow companies to create an OOH advertising strategy that would focus 100% on the tastes and preferences of the end customer who passes through each point. Further, they help marketers to understand consumer and shopper behavior in connection with their travel patterns and other demographics of where they live and work to drive outdoor media decisions.
At Rishabh Software, we leverage the data-driven latest technologies and analytics-led insights to inform, educate and empower our clients from the advertising industry to make informed decisions regarding strategy foresight and planning to execute campaigns that deliver results.
Below is a showcase of our recent work.
Business Need: A digital solution that integrates business analytics to enable real-time asset booking. It would help reach a wide spectrum of consumers, maximize inventory allocation, and boost sales.
Solution: We helped a UK-based advertising company with an online advertising booking system that would help respond to booking requests immediately, leverage sales opportunities, and maximize revenue.
Business Need: Devoid of a digital solution that would help with efficient management of bookings by leveraging analytics from missed sales opportunities predict trends, meet the needs when demand cycles peak and make more ad slots available.
Solution: Rishabh developed a cloud-based digital ad inventory management solution that can process millions of data sets to offer required inputs in real-time. It enhances inventory utilization and addresses multiple bookings.
Business Need: A platform to analyze the data in real-time for enhanced effectiveness of the advertisements.
Solution: We developed an intuitive platform for a France-based out-of-home marketing organization to access live data using the campaign-compliant software.
Business Need: A unified solution to support their real-time streaming data needs and unstructured media data processing.
Solution: We implemented a full-scale data lake design and development solution for a European Digital media business. The centralized API layer was built to be utilized by various tools/applications.
We have been associated with global Media and Entertainment organizations to reimagine their business. We help develop next-gen custom IT solutions that are backed by advanced analytics. It would include;
As a provider of media and entertainment software development services, we have the experience in streamlining Digital Ad management, Real-time streaming solutions, OTT software development, and more. We revolutionize the way media and entertainment companies generate, manage, and distribute content..
While other segments of advertising not performing all that great, DOOH seems to be gaining more popularity. The advances in technology have brought the real world at par with the online world. Today, it is allowing many of the related analytics and ROI calculations to help brands justify their spending and refine the campaigns around what could engage their target audience.
Also, while analytics as technology is rolling out in different avenues around the world there’s a threat faced by other channels. It includes ad fraud, ad blocking, ad fast-forwarding and more. DOOH combined with data analytics offers an engaging, measurable, and valuable alternative. And therefore it shouldn’t come as a surprise why so many brands are starting to pay attention to this channel.