ADmantX

@fspaggiari

In a few days, we will attend the Technology For Marketing & Advertising conference in London where we will launch a new feature that allows our users to directly try our contextual advertising web service semantic analysis.

We’ve been testing our new “copy, paste and test it” functionality (that’s how we call it internally), and we’ve invited users like you to take part in our tests (you may have already received our invitation or read this other post.)

To test the new functionality, visit www.admantx.com, and enter a URL in the blue search box:

Once you have clicked “Go” after copying and pasting your URL…

… ADmantX will display the results of its semantic page-level analysis and contextualization, showing categories, topics and emotions present in the page content.

What do you think? Contact us or request a demo now if you would like to discuss your experience with us or to understand more.


If you are planning to visit the TFM&A show, we hope you will join us on the exhibit floor in booth #213!

@BrookeAker

When it comes to responding quickly to market shifts and user needs, ADmantX reacts quickly.

We announced this morningtwo new features that allow us to offer more effective contextual advertising: our IAB-compliant taxonomy enriched with new categories, including emotions, according to IAB standards; and  an enhanced user interface to plan, test and execute ads.

Our membership with IAB gives us an important vantage point from which to view the ever evolving requirements of the online/digital advertising community, as well as the opportunity to leverage their expertise to bring even greater value to our customers. In this era of contextual advertising, being able to automatically understand content and the emotions readers experience when consuming content is a real, measureable advantage. By making available a wider range or categories, the new ADmantX taxonomy includes over 900 categories, with 100 specifically for the emotions readers experience in consuming content.

Leveraging emotions, ADmantX automatically understands whether content is positive or negative, and the behaviors or motivations it elicits in readers—critical information for advertisers who want to encourage brand engagement, but also to ensure brand safety. Using semantic technology, ADmantx can also distinguish between polarity and emotional nuances to provide greater clarity into user intentions, preferences and reactions.

Our new interface also supports the need for greater precision using semantic analysis to process online content. In seconds, ADmantX converts the html page into plain text—including pictures and graphic information—and immediately extracts four main channels of targeting data from the content: Categories, Topics, Entities (people, places and things) and Emotions. The new interface allows ADmantX users to visualize the results of their query and easily understand what the URL page is talking about (topics) and how it is being discussed (emotions).

For example, a document can talk about “badminton” not only because the word is present in the text, but also because it is semantically linked to other words related to the sport. Simply put, a category such as “badminton” is its own semantic universe, and includes all the elements (words, verbs, expressions, etc.) that belong to the “badminton” universe.

With this new feature, related articles or advertisements previously added to an external ad server are also identified to make pages more sticky.  These new features help our customers reach their online advertising targets more effectively and allows us to assure ad buyers significant improvements in ad engagement through appropriate and targeted ad placement.

  @BrookeAker

Economic theory holds that segmenting markets is always a good thing for firms to do and to use those segments for marketing, sales and advertising purposes.  I set out to find out if the theory holds in the digital ad world.  I wanted to know this since our technology – as lots of others in the online ad world – is predicated on greater segmentation in the match between ads, content and consumers.  I found some interesting results. 

But let’s establish some definitions first;

A market segment is a sub-set of a market made up of people or organizations with one or more characteristics that cause them to demand similar product and/or services based on qualities of those products such as price or function. A true market segment meets all of the following criteria: it is distinct from other segments (different segments have different needs), it is homogeneous within the segment (exhibits common needs); it responds similarly to a market stimulus, and it can be reached by a market intervention. The term is also used when consumers with identical product and/or service needs are divided up into groups so they can be charged different amounts for the services.

Groups arranged by affinity can be charged more than the group as a whole due to a variety of factors – income, lifestyle, exclusivity or product attributes tailored to the groups specifics needs. This seems intuitive and based in common experience.  Talbots clothing style, store placement and many other factors indicate it is an upscale women’s segment in comparison to Marshal’s as a moderate priced outlet segment of shoppers.

There is science behind this.  For the deeply academic this paper can be deciphered to see this.  For the rest of us here are the abstracted highlights;

  1. The per-customer cost of advertising to different market segments is higher than advertising to a whole un-segmented group.  But the prices you can charge to the segments more than offset the added costs.
  2. The volume of advertising has an added effect of making the advertising more effective and this an advantage over competitors.
  3. But advertising communicates across segments and competitors where over time an equilibrium can develop where segmenting advantages disappear.  So increasing the frequency of advertising changes to segments can help maintain advantages.

So the digital ad world is like the traditional ad world in that segmentation allows for higher prices and profits.  But the digital ad world also has two advantages the traditional ad world does not.  First is the volume.  In digital the ad volume is nearly limitless and the marginal cost of adding ad volume approaches zero.  Second, the ease and the cost of changes in digital ads are commensurately low to nothing.

Getting better segments for your ad campaign pays off.   The more segments the better.  And the digital ad world now has the technology to provide this segmentation and it’s benefits at a far greater scale and at a lower cost than traditional advertising.  Use it to your brands benefit.

  @scagliarini

I have spent the last few days in London attending the Ad Trading Summit and ad:tech London. These experiences confirmed that the online advertising sector is going through a continuous transformation with no end in sight. Here are some common threads that emerged from these events:

  1. Awareness about ad trading, and the related topic of targeting, is growing. The Summit had more people in the audience than expected, and at ad:tech, presentations about these topics (mine included) were crowded with attendees. We cannot yet say that we’re moving towards mass adoption of ad trading, as people aren’t sure if this is the future, or just a fad. This requires, for the foreseeable future, that providers offering these platforms and services must continue to focus on evangelizing the market. It’s therefore safe to say that in terms of significant revenue from mass adoption, we’re not quite there yet.

  2. Targeting is very important for agencies and brands, but other players in the ecosystem (traditional ad networks and publishers, for example) do not feel the urgency to provide a full set of targeting data. While I understand the reasons for this resistance (“we already have so many things to do and are struggling to keep up with the competition”), I suppose that this means that data providers should still be very careful about over extending themselves or investing too much before the demand is there (there are still signs that the demand will become huge.)

  3. Lots of confusion around DSPs and trading platforms in general. All of the buzz and the capital flowing into these companies seem to suggest that they will be the next big thing, but there is not yet proof that relevant publishers are joining the game. Publishers don’t want to repeat the mistake they made a few years ago providing free access to online content. They see ad trading platforms driving further commoditization, driving CPM to the floor and reducing revenue—and therefore are very careful.  There is some evidence that private exchanges / DSPs are an attempt to address this concern.

  4. There is the perception among users (and brands, for that matter) that behavioral targeting is really impacting privacy. Independently, whether the EEC (and the US government) will pass strict legislation to limit these practices, there is a significant risk that these perceptions could cause a backlash against the companies that rely heavily on, or solely on these practices (especially for retargeting, which personally I feel is a really spooky/bad online experience).

  5. Contextual advertising is gaining traction but if companies providing this service focus too much on brand safety, then we are just participating in a race to the bottom. What we should do is to present agencies and brands with a more broad set of features to help them innovate how they present their messages to consumers. Once agencies and brands fully grasp that today they are limited in what they can do, they will demand that ad networks and publishers provide new ways to deliver their messages. It will be more than brand safety, more than topic matching. It will be about matching the message to attributes that are by nature more important for brands: feelings, sentiment, intentions and behaviors. At least this is what we at ADmantX are betting on :-)

 @BrookeAker

On Monday April 11 in San Francisco I will participate in a panel discussion at the AdWeb 3.0 conference entitled MONETIZATION DISCUSSION: DISRUPTIVE/ENABLING TECHNOLOGIES, SOLUTIONS, BUSINESS MODELS AND ROI. Some heavy hitters will be with me on the panel including Tony Katsur, General Manager at MediaMath, Dan Beltramo - CEO and Co-Founder at Vizu and Matt Meyer, VP at the Rubicon Project.  As the agenda page states this panel is about;

 

… the ways and means that ad networks, data services, technologies and solutions provide buyers and sellers in the advertising marketplace with the tools needed to accurately target and deliver to customers campaigns in the most efficient, relevant manner possible. This includes data collection, analysis, digital buyer/seller ad networks and systems from the perspective of agencies, brand managers, publishers, technologists, researchers and solution providers.

 

So that is a mouthful.  But it really means that there is a lot going on day to day to improve the way we match ads to content.  The mantra from all panel members could be summed as “Speed it up, make it better and prove it works”. Of course along the way this all looks somewhat disruptive. Or as I have previously written there is some creative destruction afoot in this mantra. Again, to borrow from Joseph Schumpeter, the 1940’s Austrian-American Economist, who borrowed and retooled the idea of creative destruction from Karl Marx in which he states…

 

The opening up of new markets and the organizational development from the craft shop and factory to such concerns as US Steel illustrate the process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one … The process must be seen in its role in the perennial gale of creative destruction; it cannot be understood on the hypothesis that there is a perennial lull.

 

All the math and high speed exchange of ads, content and their match is good creative destruction. So long as creativity also goes back into the creative destruction too.

And so it is with advertising. There has been plenty of destruction but a great deal of creation as well.  Ad Networks, Ad Exchanges, Supply Side Platforms, Demand Side Platforms, Real-Time Bidding to name just a few. Efficiency, cost cutting, throughput, and massive impressions count as the benefits of this new digital ad world creation. All to the good.

One main point I will argue on the panel is that what has been creatively destroyed is creativity. By letting the last step in the digital ad process be the limiting and dumbing down of the words that describe the display we have robbed the creative spark out of the process. No more word-smithing. No more deep thinking about ways to describe a product or a feature that can capture the imagination of the consumer. Only bland keywords – the fewer in number the better; the wider the appeal the better.  

At ADmantX we have reinstated creativity to its rightful place while using technology. We believe semantic technology that aids the modern ad team can do this. So when the display ad is loaded onto the server and keywords are generated we get in the middle. ADmantX reinterprets, corrects, and expands the kinds of descriptors that ensures brand safety, accuracy, but most importantly creativity and an emotional connection with the consumer. Just like the magic you see in MadMen when Don Draper transforms the cold flat description of the slide projector into a carousel (here).  

 @BrookeAker

The snowball started  around the first of December last year.  Here we are in April 2011 and like the laws of snowballing compound interest the do-not-track efforts of the FTC, browser companies and major publishers has doubled and doubled again in short order. 

  

“The important thing is to find wet snow and a really long hill.” 

-Warren Buffett

 In the last week alone Google was sued by the FTC and ordered to “Opt-In” not just add the option to “Opt-out”, and the Associated Press - AP declared they would be the first to use Do-Not-Track on Large Scale.  Snowballs this big, rolling this fast do damage when they hit something.  They are about to hit the behavioral tracking data providers and the ad networks, exchanges and others they serve.  

The self-regulatory efforts seem too little too late by comparison.  When the head of the FTC states that “Privacy by Design” should rule he is saying he expects self-regulation to fail.  That is backed up when the also order the largest entry point on the web to provide as a default position opt-in.  The order has the potential to vacate in one swipe of the government arm efforts by Microsoft’s Do-Not-Track Option in IE and Firefox’s Do-Not-Track Option. 

Microsoft seems to be taking an aggressive lead, interestingly, over most other browser makers to be out in front on the issue.  They even have produced this tool to test your browser(s) for “Do-Not-Track”.  Looks like a smart competitive move to me especially when Safari and Chrome are late or no-shows for the party.

Even big companies want more privacy making the snowball unstoppable.  When the regulators are on one side proposing a flurry of new bills on privacy, the publishers and companies you serve are on the other side asking for better privacy and the technology (browser) companies you must go through reach customers are adding privacy capabilities you’re surrounded. 

 

Better it seems to go with the flow and start looking for alternative ways to maintain the good (the benefits of targeting) and dump the bad (invading consumers’ privacy in order to achieve targeting).  What is left is to target based on the content the consumer is reading.

When done at depth there is no privacy invasion, the targeting is precise, and brand protection is achieved.  At ADmantX we are already getting an increasing number of calls asking about the use of semantic targeting as a hedge against the above industry dynamics. It’s time to get out of the way of the rolling, growing snowball and onto the right side of history.

 

AP first to use Do-Not-Track on Large Scale

Big Companies Want More Privacy

FTC: “Privacy by Design” should rule

Flurry of New Bills on Privacy

Google ordered to “Opt-In”

Microsoft IE includes Do-Not-Track Option

Firefox includes Do-Not-Track Option

Test Your Browser(s) for “Do-Not-Track”

 

 @BrookeAker

Joseph Schumpeter, the 1940’s Austrian-American Economist, borrowed

The opening up of new markets and the organizational development from the craft shop and factory to such concerns as US Steel illustrate the process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one … The process must be seen in its role in the perennial gale of creative destruction; it cannot be understood on the hypothesis that there is a perennial lull.

and retooled the idea of creative destruction from Karl Marx in which he states…

And so it is with advertising.  For those who have cut their teeth in big company marketing or agency work starting as little as 5 years ago, today must seem a troubled and chaotic time.  Andy Nibley, the former CEO of ad agency Marsteller, Reuters News and Universal Music sums it up nicely when he says “Here we go again. First the news business, then the music business, then advertising.  Is there any industry I get involved in that doesn’t get destroyed by digital technology?”

Fifty years ago advertising was comprised of copywriters trying on various words and phrases to pitch a product.  Then words then went to an artist who drew what the words meant.  Starting in the 1960’s however things got more complicated.  Account executives, brand planners, media buyers, art directors, producers, directors, and editors turned advertising into more workman-like assembly.  It also raised the price to advertisers. 

Now with digital advertising you can argue we have come full circle.  Only the circle runs backwards.  Artists generate a display ad and todays equivalent of a copywriter (e.g. tech guy) plugs keywords into the ad server as he or she loads the artwork. 

So there has been plenty of destruction and a great deal of creation as well.  Ad Networks, Ad Exchanges, Supply Side Platforms, Demand Side Platforms, Real-Time Bidding to name just a few.  Efficiency, cost cutting, throughput, and massive impressions count as the benefits of this new digital ad world creation.  All to the good.

But what has been creatively destroyed is creativity.  By running the circle backwards and letting the last step in the digital ad process be the limiting and dumbing down of the words that describe the display we have robbed the creative spark out of the process.  No more word-smithing.  No more deep thinking about ways to describe a product or a feature that can capture the imagination of the consumer.  Only bland keywords – the fewer in number the better; the wider the appeal the better.   Google’s AdSense will even tell you via bidding and pricing tools which keywords are most popular and thus the most expensive for you to use.  Turns out those keywords put you in the largest pool at the most expensive price.  Pretty tough to distinguish yourself in the mind of the customer. 

At ADmantX we have reinstated creativity to its rightful place while using technology.  We believe semantic technology that aids the modern artist/copywriter team can do this.  So when the display ad is loaded onto the server and keywords are generated we get in the middle.  ADmantX reinterprets, corrects, and expands the kinds of descriptors that ensures brand safety, accuracy, but most importantly creativity and an emotional connection with the consumer.  Just like the magic you see in MadMen when Don Draper transforms the cold flat description of the slide projector into a carousel (here).  

All the math and high speed exchange of ads, content and their match is good creative destruction.  So long as creativity also goes back into the creative destruction too.

  @BrookeAker 

In my last post, I tried to establish the notion that brand advertisers were under-represented in the digital ad world since it is so technology and math driven and therefore mysterious and difficult to understand. In short, digital ad creation is not the same as print and TV ads, and for those who create them, the usual tactile feedback of creative testing, focus groups and market research is missing. The creativity is missing – digital ads have become something for the pocket protector crowd.  And the media planners and strategists are outsiders.

But what if media planners and strategists could have all the algorithms and math buried behind a user interface that restores and reveals creativity to its rightful place?  That is the design approach we took here at ADmantX. That is not to say, however, that there is not some deep technology at work. There is. In fact, the best technology is often hidden, hard at work doing magical things you never see. That is the essence of good technology design.

At ADmantX, we built semantic processing power as the core technology innovation for matching content to ads. So behind the user interface, a deep analysis of every content page is happening 24X7. Literally ADmantX is reading the page just like a human reader does. It looks for people, places, things and how they are connected, colored by sentiment, negatives or other modifiers. At a higher level, it looks across content to arrive at what multiple sentences, paragraphs or the whole document is trying to convey. In essence what the author was shooting for when they wrote it.

That alone is a firm basis to achieve a superior match with ads. But it is not enough. We cracked the code on emotions, motivations and behaviors that are contained in the content as well. This is a distinguishing method on which to match ads. Even if the words are not present does the content prompt an emotion in the reader? Does it prompt the reader to do something, think something? These are the questions ADmantX answers.

But once you know all that is contained in the content, how do you engineer an algorithm to match an ad to it? That is where the ADmantX user interface shines.  This is how it works:

Media planners enter the core concepts they wish their creative to convey.  ADmantX understands them as feelings, topics, entities, as well as negatives.  Planners can then test this algorithm against a set of content to see how well it will match. This picture is below.

 

Immediate feedback in terms of coverage – overall, by concept and by URL, is presented to the planner. Editing and repeating the test gives the planner a way to compare and contrast algorithms. Note that the second URL contains a negative term match on “sadness.”  Brand safety concerns show up as part of the test and can be corrected as shown in the picture below.

 

A simple operator “!” followed by the concept to be eliminated, ensures the algorithm will not match on this negative association going forward. Note, this provides more flexibility than having a standard list of negative terms. There may be times that brands will want to be associated with “sadness” – as in the case of advertising depression medication, for example.

Building an algorithm to match ads to content with preconceived notions is only one of many ways the ADmantX user interface supports creativity. For example, allowing the news of the day, updates to website pages, blogs and RSS feeds to influence the algorithm may provide a better match. This is done by looking through a tag cloud with the suggestions link.

Iterating from broad to more specific tag clouds term by term allows creativity and the most recent content to occupy the same space. 

Accessing social media is another way to tap into the “voice of the consumer” for a superior ad match.  Here we show a simple paste of a tweet or blog post.  ADmantX reads and interprets the social media snippet into an algorithm for the planner.

Of course, an entire page of content may be a good representation of what the planner wants to accomplish. This can be done by pasting the URL of the representative page into ADmantX and allow it to interpret the whole page. This is shown below.

Finally, crowd sourcing or social collaboration may prove a fast start to the creative process – both from within an organization or from publicly posted algorithms. Simply review by type, rank and test results – then borrow and make it your own, followed by edits and corrections. The start to this process is shown below.

Of course, any of the methods to support and test creativity can be combined with the other. 

In the end, media planners, buyers and creative strategists need tools to more effectively design and test digital ads, where testing means more than testing the ad itself.  It must mean the ability to know quickly and thoroughly what content the ad will be matched with.  This avoids match mistakes, ensures brand safety and more.  In today’s environment, these are painfully absent.  We created ADmantX to begin to address these shortcomings.