Why You’re Wasting Your Media Team’s Talents
I think we all feel it on some level: there’s this inherent potential in this digital age of advertising that’s going untapped.
It’s because digital advertising campaigns these days is like one of those pick two memes between performance, profitability, scalability.
The result is that just about every organization that has some sort of in-house media team isn’t using them to their fullest potential. For in-house media to work, you need all three: performance, profitability and scalability.
You gotta break the triangle to bring media in-house. And the only way to do that is by empowering your media and analytics teams to their best work.
But there are two big hurdles they face:
1. They’re Stuck In Spreadsheets
Your team is drowning in data. To the point where there are likely people whose whole job is dedicated to just grinding out the grunt work of managing it all.
On Fishbowl and other anonymized industry message boards, a common question comes up in the analytics, ad ops and media sections that are some form of “When do I get to do my job?” Answers usually boil down to “Better get used to it.”
Most of the people hired to analyze and optimize campaigns can’t do so because they’re lost in spreadsheets spending their days trying to wrangle data.
2. They’re Slaves to Almighty BI/MI
The tools to “solve” for this deluge of data often create more problems than they solve.
Again, check out Fishbowl for some honest insight into this phenomenon. Analytics and media team members will refer to themselves as slaves to the Business Intelligence (BI) or Marketing Intelligence (MI) tool they use.
Instead of an asset, these expensive cumbersome tools (that only solve for a few pain points) become another burden.
But They Know Their Stuff.
Media and analytics teams have the brains to solve for that triangle we discussed earlier. But they can’t get close because they’re either drowning in data or burdened by the tools meant to help them.
Think about their potential for a sec. Few people have the level of access to insights and the potential to act on them than your digital media and analytics teams.
And everyone in your organization will benefit:
+ Creatives will have a better idea of how their work performs.
+ Accounts will communicate more clearly with clients.
+ Leadership can get a more transparent view of their investments into vendors, personnel, etc.
The way the industry is headed, you can’t afford not to have a media or analytics team that performs to its fullest potential.
LumenAd helps organizations do just that all the time. Schedule a demo today to learn how.
Updated: 4/24/2020 It’s April, and working from home and sheltering in place is now the norm for most Americans. (Thank you essential workforce for all that you are doing right now!) As we wrap our...
At this point, just about every CMO and agency executive is asking themselves what impact the COVID-19 health crisis will have on their respective industries. The reality is we’re most certainly...
Table of Contents THE COOKIE INDUSTRY REACTION THE FUTURE WHAT'S NEXTIn January of this year, Google finally did it. They officially announced the expiration date of third-party cookies: January of...