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## Testing
Testing is a crucial part of any marketing campaign, as it allows you to compare different versions of your content, design, or offer and see which one performs better. However, traditional testing methods such as A/B testing or multivariate testing can be time-consuming, costly, and limited in scope. AI can help you overcome these challenges by enabling you to:
- Test more variables and combinations: AI can analyze large amounts of data and generate multiple variations of your campaign elements, such as headlines, images, colors, or calls to action. This way, you can test more options and find the optimal combination for your audience and goals.
- Test faster and smarter: AI can also speed up the testing process and provide you with real-time feedback and insights. AI can use algorithms such as multi-armed bandit or Bayesian optimization to dynamically allocate traffic to the best-performing variants and optimize your campaign performance over time.
- Test across channels and platforms: AI can also help you test your campaigns across different channels and platforms, such as email, social media, web, or mobile. AI can help you create consistent and personalized experiences for your customers and measure the impact of your campaigns on different metrics and stages of the customer journey.
Some examples of tools that can help you with AI-powered testing are:
- Google Optimize: A free tool that allows you to create and test different versions of your web pages and see how they affect your conversions, engagement, and revenue. You can use google Optimize to run A/B tests, multivariate tests, or redirect tests, and integrate it with google Analytics and google Ads.
- Phrasee: A tool that uses natural language generation (NLG) and deep learning to create and optimize email subject lines, headlines, and copy. You can use Phrasee to test different variations of your content and see which one generates the most clicks, opens, or conversions.
- Unbounce: A tool that helps you create and test landing pages, popups, and sticky bars for your web campaigns. You can use Unbounce to design and launch your pages without coding, and use its AI features to optimize your conversions, such as Smart Traffic, which automatically directs visitors to the most relevant variant, or Smart Builder, which suggests the best layout and content for your pages.
## Targeting
Targeting is another key aspect of any marketing campaign, as it allows you to reach the right audience with the right message at the right time. However, traditional targeting methods such as segmentation or persona-based marketing can be inaccurate, outdated, or incomplete. AI can help you improve your targeting strategy by enabling you to:
- Target based on behavior and intent: AI can help you analyze your customers' behavior and intent across different channels and platforms, such as their browsing history, search queries, social media activity, or purchase history. This way, you can target them with more relevant and timely offers, content, or recommendations that match their needs and preferences.
- Target based on emotions and sentiment: AI can also help you understand your customers' emotions and sentiment towards your brand, products, or services, such as their satisfaction, loyalty, or advocacy. This way, you can target them with more appropriate and empathetic messages that resonate with their feelings and values.
- Target based on predictions and outcomes: AI can also help you predict your customers' future behavior and outcomes, such as their likelihood to buy, churn, or refer. This way, you can target them with more proactive and personalized actions that influence their decisions and behavior.
Some examples of tools that can help you with AI-powered targeting are:
- Facebook Ads: A platform that allows you to create and run ads on Facebook and its network of apps and websites. You can use facebook Ads to target your audience based on their demographics, interests, behaviors, or connections, and use its AI features to optimize your campaigns, such as Dynamic Ads, which automatically show the most relevant products or services to each user, or Lookalike Audiences, which help you find new customers who are similar to your existing ones.
- HubSpot: A platform that helps you manage your marketing, sales, and customer service activities. You can use HubSpot to target your audience based on their interactions with your website, emails, or social media, and use its AI features to optimize your campaigns, such as Predictive Lead Scoring, which helps you prioritize your leads based on their likelihood to convert, or Smart Content, which helps you personalize your web pages, emails, or CTAs based on your visitors' attributes or behavior.
- IBM Watson Marketing: A platform that helps you create and execute your marketing campaigns across different channels and platforms. You can use IBM Watson marketing to target your audience based on their behavior, preferences, or context, and use its AI features to optimize your campaigns, such as Watson Assistant, which helps you create and manage conversational agents that interact with your customers, or Watson Campaign Automation, which helps you automate and personalize your email, mobile, or web campaigns.
## Automation
Automation is the final aspect of any marketing campaign, as it allows you to streamline your processes and tasks and save time and resources. However, traditional automation methods such as rules-based or workflow-based automation can be rigid, complex, or inefficient. AI can help you enhance your automation strategy by enabling you to:
- Automate based on data and insights: AI can help you automate your marketing campaigns based on data and insights, rather than predefined rules or workflows. AI can help you collect and analyze data from different sources and channels, and use it to trigger actions, such as sending emails, displaying ads, or updating CRM records.
- Automate based on creativity and innovation: AI can also help you automate your marketing campaigns based on creativity and innovation, rather than manual or repetitive tasks. AI can help you generate and optimize content, design, or offers, using techniques such as natural language processing (NLP), computer vision, or generative adversarial networks (GANs).
- Automate based on learning and improvement: AI can also help you automate your marketing campaigns based on learning and improvement, rather than static or fixed outcomes. AI can help you learn from your data and feedback, and use it to improve your campaigns over time, using techniques such as reinforcement learning, neural networks, or evolutionary algorithms.
Some examples of tools that can help you with AI-powered automation are:
- Mailchimp: A platform that helps you create and send email campaigns and newsletters. You can use Mailchimp to automate your email marketing campaigns based on your audience's behavior, preferences, or actions, and use its AI features to optimize your campaigns, such as Subject Line Helper, which helps you write catchy and effective subject lines, or Send Time Optimization, which helps you choose the best time to send your emails.
- Canva: A tool that helps you create and design graphics, logos, flyers, or presentations. You can use Canva to automate your design process and create stunning visuals for your marketing campaigns, and use its AI features to optimize your designs, such as Background Remover, which helps you remove the background from any image, or Magic Resize, which helps you resize your designs for different platforms or formats.
- Optimizely: A tool that helps you optimize your web and mobile experiences. You can use Optimizely to automate your web and mobile optimization and create engaging and personalized experiences for your visitors, and use its AI features to optimize your experiments, such as Stats Engine, which helps you analyze your results and make data-driven decisions, or Adaptive Audiences, which helps you create and target segments based on your visitors' behavior or attributes.
One of the key benefits of predictive analytics is that it can help marketers to segment their customers more effectively and deliver personalized offers and messages. Customer segmentation is the process of dividing customers into groups based on their characteristics, behaviors, preferences, and needs. By using predictive analytics, marketers can identify the most valuable segments, understand their needs and motivations, and tailor their marketing strategies accordingly. In this section, we will explore how predictive analytics can enhance customer segmentation and what are some of the best practices and tools to do so. Here are some of the main points:
1. Predictive analytics can help marketers to segment customers based on their future behavior and potential value, rather than relying on historical data or demographic attributes. For example, predictive analytics can help to identify customers who are likely to churn, buy more, or respond to a certain offer, and target them with appropriate incentives and messages. This can improve customer retention, loyalty, and profitability.
2. Predictive analytics can also help marketers to segment customers based on their preferences and interests, rather than assuming that they are homogeneous within a segment. For example, predictive analytics can help to discover the optimal product mix, price point, and communication channel for each customer, and deliver personalized recommendations and offers. This can increase customer satisfaction, engagement, and conversion.
3. Predictive analytics can enable marketers to create dynamic and flexible segments that can adapt to changing customer behavior and market conditions, rather than using static and rigid segments that may become outdated or irrelevant. For example, predictive analytics can help to monitor customer feedback, sentiment, and behavior, and adjust the segments and marketing strategies accordingly. This can enhance customer relevance, responsiveness, and trust.
4. To leverage predictive analytics for customer segmentation, marketers need to have a clear business objective, a well-defined customer journey, and a robust data infrastructure. They also need to use the right tools and techniques, such as machine learning, artificial neural networks, decision trees, clustering, and scoring models, to analyze the data and generate insights. Moreover, they need to test and validate their models, and measure and optimize their results. Some of the tools that can help marketers to use predictive analytics for customer segmentation are Microsoft Azure Machine Learning, IBM Watson Marketing, SAS Customer Intelligence 360, and Adobe Analytics.
1. Define your segmentation criteria: Before implementing segmentation software, it is essential to clearly define your segmentation criteria. This involves identifying the key variables or characteristics that will be used to divide your customer base into distinct segments. For example, if you are a retail company, you may consider segmenting your customers based on factors such as demographics (age, gender, location), purchase history, browsing behavior, or even psychographic attributes.
2. Evaluate data quality and availability: To ensure accurate and meaningful segmentation, it is crucial to assess the quality and availability of your data. This step involves identifying the sources of data that will be used for segmentation and evaluating their reliability. You may need to clean and consolidate data from various systems or databases to ensure consistency and completeness. For instance, if you plan to segment based on purchase history, you must ensure that all relevant transactions are accurately recorded and accessible.
3. Select the right segmentation software: Choosing the right segmentation software is vital to effectively implement and manage your segmentation strategy. Look for software that offers robust data analysis capabilities, intuitive user interface, and the ability to handle large datasets. Additionally, consider whether the software integrates with your existing systems and supports the specific segmentation criteria you have defined. Some popular segmentation software options include Salesforce Marketing Cloud, Adobe Campaign, and IBM Watson Marketing.
4. Test and refine your segmentation approach: Once you have implemented the segmentation software, it is crucial to test and refine your segmentation approach. Start with a small subset of your customer base and evaluate the effectiveness of your segmentation criteria in identifying meaningful groups. Analyze the segmentation results and compare them against your business objectives. This iterative process will help you fine-tune your segmentation strategy and ensure that it aligns with your specific goals.
5. personalize marketing campaigns: With segmentation software in place, you can create highly targeted and personalized marketing campaigns. By tailoring your messaging and offers to specific customer segments, you can significantly increase engagement and conversion rates. For example, a clothing retailer can send customized emails featuring recommended products based on a customer's browsing and purchase history. This level of personalization enhances the customer experience and boosts the likelihood of cross-selling success.
6. Case study: XYZ Bank's successful cross-selling campaign: XYZ Bank implemented segmentation software to identify cross-selling opportunities among its existing customer base. By segmenting customers based on their financial needs and behaviors, the bank was able to develop targeted campaigns for various product categories such as credit cards, loans, and investment products. This approach resulted in a significant increase in cross-selling success rates, with a 20% boost in credit card sign-ups and a 15% increase in loan applications within the targeted segments.
In conclusion, implementing segmentation software is a crucial step in unlocking the revenue potential of cross-selling opportunities. By defining clear segmentation criteria, evaluating data quality, selecting the right software, testing and refining your approach, and personalizing marketing campaigns, you can effectively identify and capitalize on cross-selling opportunities. The XYZ Bank case study highlights the tangible benefits that segmentation software can bring to a business, demonstrating the power of targeted marketing in driving revenue growth.
Best Practices and Considerations - Cross selling opportunities: Unlocking Revenue Potential: Identifying Cross selling Opportunities with Segmentation Software
AI is transforming the online advertising industry in many ways, from improving targeting and personalization to optimizing bidding and pricing strategies. AI can also help advertisers create more engaging and relevant ads, measure their performance, and learn from the feedback. In this section, we will explore some of the current and emerging trends and innovations in AI for online advertising, and how they can benefit both advertisers and consumers. We will cover the following topics:
1. AI-powered creative tools: AI can help advertisers design and produce more effective and appealing ads, by using natural language processing (NLP), computer vision, and generative models. For example, AI can generate catchy headlines, slogans, and copy, as well as images, videos, and animations, based on the advertiser's goals and target audience. AI can also test and optimize different variations of the ads, and suggest the best ones to use. Some examples of AI-powered creative tools are Persado, Phrasee, Lumen5, and VidMob.
2. AI-driven audience segmentation and targeting: AI can help advertisers identify and reach the most relevant and profitable segments of potential customers, by using data mining, machine learning, and deep learning. AI can analyze large and complex datasets, such as browsing history, search queries, social media activity, and purchase behavior, and find patterns and insights that can inform the advertising strategy. AI can also create dynamic and personalized ads, that adapt to the preferences and context of each individual user. Some examples of AI-driven audience segmentation and targeting tools are Google Ads, Facebook Ads, Adobe Audience Manager, and Oracle Data Cloud.
3. AI-optimized bidding and pricing: AI can help advertisers optimize their bidding and pricing strategies, by using reinforcement learning, game theory, and optimization algorithms. AI can learn from the past and present performance of the ads, and adjust the bids and prices in real time, to maximize the return on investment (ROI). AI can also account for various factors, such as competition, seasonality, and market conditions, and find the optimal balance between cost and quality. Some examples of AI-optimized bidding and pricing tools are Amazon Advertising, Criteo, The Trade Desk, and MediaMath.
4. AI-enhanced measurement and analytics: AI can help advertisers measure and analyze the impact and effectiveness of their ads, by using natural language understanding (NLU), sentiment analysis, and predictive analytics. AI can track and report various metrics, such as impressions, clicks, conversions, and revenue, and provide actionable insights and recommendations. AI can also capture and interpret the feedback and emotions of the users, and evaluate the brand awareness and loyalty. Some examples of AI-enhanced measurement and analytics tools are Google Analytics, Facebook Analytics, IBM Watson Marketing, and Salesforce Marketing Cloud.
These are some of the ways that AI is shaping the future of online advertising, and creating new opportunities and challenges for both advertisers and consumers. AI can help advertisers create more effective and efficient campaigns, and deliver more value and satisfaction to the users. However, AI also poses some ethical and social issues, such as privacy, transparency, and accountability, that need to be addressed and regulated. Therefore, it is important for advertisers to use AI responsibly and ethically, and to keep the human element in mind. AI is not a substitute for human creativity and judgment, but a powerful and useful tool that can augment and enhance them.
Trends and Innovations - Artificial intelligence: AI: AI: How to Use Artificial Intelligence to Enhance Your Online Advertising
One of the most important aspects of buyer persona development is to keep up with the changing needs, preferences, and behaviors of the target audience. As the world becomes more digital, connected, and diverse, buyer personas need to evolve accordingly to reflect the current and future realities of the market. In this section, we will explore some of the trends and innovations that are shaping the future of buyer persona development, and how marketers can leverage them to create more effective and personalized strategies. Here are some of the key points to consider:
1. artificial intelligence and machine learning: These technologies are transforming the way marketers collect, analyze, and use data to create buyer personas. AI and ML can help marketers automate the process of segmenting and profiling customers, identify patterns and insights from large and complex data sets, and generate dynamic and adaptive personas that can respond to real-time changes in customer behavior. For example, IBM Watson Marketing uses AI to create personas based on various data sources, such as web analytics, social media, CRM, and surveys, and provides recommendations on how to optimize marketing campaigns for each persona.
2. Voice and conversational interfaces: As more people use voice assistants, chatbots, and smart speakers to interact with brands, marketers need to adapt their buyer personas to include voice and conversational preferences. Voice and conversational interfaces can provide rich and contextual information about customers, such as their tone, mood, intent, and emotion, which can help marketers create more engaging and personalized experiences. For example, Adobe Experience cloud uses natural language processing and voice analytics to create voice personas that can help marketers understand how customers use voice to search, shop, and communicate with brands.
3. social media and influencer marketing: social media platforms and influencers are becoming more influential in shaping customer opinions, preferences, and decisions. Marketers need to incorporate social media and influencer data into their buyer personas to understand how customers discover, research, and share information about products and services, and how they are influenced by their peers, celebrities, and experts. For example, HubSpot uses social media listening and influencer identification tools to create social personas that can help marketers identify the most relevant and influential channels, content, and influencers for each persona.
4. Diversity and inclusion: As the world becomes more diverse and inclusive, marketers need to ensure that their buyer personas reflect the diversity and inclusion of their target audience. Marketers need to avoid stereotypes and biases, and use data and research to create personas that represent the different backgrounds, cultures, identities, and perspectives of customers. For example, Airbnb uses a diversity and inclusion framework to create inclusive personas that can help marketers design more inclusive and accessible products and services for each persona.
Predicting the Future of Buyer Persona Development - Buyer persona trends: How to keep up with the latest trends and innovations in buyer persona development
## Testing
Testing is a crucial part of any marketing campaign, as it allows you to compare different versions of your content, design, or offer and see which one performs better. However, traditional testing methods such as A/B testing or multivariate testing can be time-consuming, costly, and limited in scope. AI can help you overcome these challenges by enabling you to:
- Test more variables and combinations: AI can analyze large amounts of data and generate multiple variations of your campaign elements, such as headlines, images, colors, or calls to action. This way, you can test more options and find the optimal combination for your audience and goals.
- Test faster and smarter: AI can also speed up the testing process and provide you with real-time feedback and insights. AI can use algorithms such as multi-armed bandit or Bayesian optimization to dynamically allocate traffic to the best-performing variants and optimize your campaign performance over time.
- Test across channels and platforms: AI can also help you test your campaigns across different channels and platforms, such as email, social media, web, or mobile. AI can help you create consistent and personalized experiences for your customers and measure the impact of your campaigns on different metrics and stages of the customer journey.
Some examples of tools that can help you with AI-powered testing are:
- Google Optimize: A free tool that allows you to create and test different versions of your web pages and see how they affect your conversions, engagement, and revenue. You can use google Optimize to run A/B tests, multivariate tests, or redirect tests, and integrate it with google Analytics and google Ads.
- Phrasee: A tool that uses natural language generation (NLG) and deep learning to create and optimize email subject lines, headlines, and copy. You can use Phrasee to test different variations of your content and see which one generates the most clicks, opens, or conversions.
- Unbounce: A tool that helps you create and test landing pages, popups, and sticky bars for your web campaigns. You can use Unbounce to design and launch your pages without coding, and use its AI features to optimize your conversions, such as Smart Traffic, which automatically directs visitors to the most relevant variant, or Smart Builder, which suggests the best layout and content for your pages.
## Targeting
Targeting is another key aspect of any marketing campaign, as it allows you to reach the right audience with the right message at the right time. However, traditional targeting methods such as segmentation or persona-based marketing can be inaccurate, outdated, or incomplete. AI can help you improve your targeting strategy by enabling you to:
- Target based on behavior and intent: AI can help you analyze your customers' behavior and intent across different channels and platforms, such as their browsing history, search queries, social media activity, or purchase history. This way, you can target them with more relevant and timely offers, content, or recommendations that match their needs and preferences.
- Target based on emotions and sentiment: AI can also help you understand your customers' emotions and sentiment towards your brand, products, or services, such as their satisfaction, loyalty, or advocacy. This way, you can target them with more appropriate and empathetic messages that resonate with their feelings and values.
- Target based on predictions and outcomes: AI can also help you predict your customers' future behavior and outcomes, such as their likelihood to buy, churn, or refer. This way, you can target them with more proactive and personalized actions that influence their decisions and behavior.
Some examples of tools that can help you with AI-powered targeting are:
- Facebook Ads: A platform that allows you to create and run ads on Facebook and its network of apps and websites. You can use facebook Ads to target your audience based on their demographics, interests, behaviors, or connections, and use its AI features to optimize your campaigns, such as Dynamic Ads, which automatically show the most relevant products or services to each user, or Lookalike Audiences, which help you find new customers who are similar to your existing ones.
- HubSpot: A platform that helps you manage your marketing, sales, and customer service activities. You can use HubSpot to target your audience based on their interactions with your website, emails, or social media, and use its AI features to optimize your campaigns, such as Predictive Lead Scoring, which helps you prioritize your leads based on their likelihood to convert, or Smart Content, which helps you personalize your web pages, emails, or CTAs based on your visitors' attributes or behavior.
- IBM Watson Marketing: A platform that helps you create and execute your marketing campaigns across different channels and platforms. You can use IBM Watson marketing to target your audience based on their behavior, preferences, or context, and use its AI features to optimize your campaigns, such as Watson Assistant, which helps you create and manage conversational agents that interact with your customers, or Watson Campaign Automation, which helps you automate and personalize your email, mobile, or web campaigns.
## Automation
Automation is the final aspect of any marketing campaign, as it allows you to streamline your processes and tasks and save time and resources. However, traditional automation methods such as rules-based or workflow-based automation can be rigid, complex, or inefficient. AI can help you enhance your automation strategy by enabling you to:
- Automate based on data and insights: AI can help you automate your marketing campaigns based on data and insights, rather than predefined rules or workflows. AI can help you collect and analyze data from different sources and channels, and use it to trigger actions, such as sending emails, displaying ads, or updating CRM records.
- Automate based on creativity and innovation: AI can also help you automate your marketing campaigns based on creativity and innovation, rather than manual or repetitive tasks. AI can help you generate and optimize content, design, or offers, using techniques such as natural language processing (NLP), computer vision, or generative adversarial networks (GANs).
- Automate based on learning and improvement: AI can also help you automate your marketing campaigns based on learning and improvement, rather than static or fixed outcomes. AI can help you learn from your data and feedback, and use it to improve your campaigns over time, using techniques such as reinforcement learning, neural networks, or evolutionary algorithms.
Some examples of tools that can help you with AI-powered automation are:
- Mailchimp: A platform that helps you create and send email campaigns and newsletters. You can use Mailchimp to automate your email marketing campaigns based on your audience's behavior, preferences, or actions, and use its AI features to optimize your campaigns, such as Subject Line Helper, which helps you write catchy and effective subject lines, or Send Time Optimization, which helps you choose the best time to send your emails.
- Canva: A tool that helps you create and design graphics, logos, flyers, or presentations. You can use Canva to automate your design process and create stunning visuals for your marketing campaigns, and use its AI features to optimize your designs, such as Background Remover, which helps you remove the background from any image, or Magic Resize, which helps you resize your designs for different platforms or formats.
- Optimizely: A tool that helps you optimize your web and mobile experiences. You can use Optimizely to automate your web and mobile optimization and create engaging and personalized experiences for your visitors, and use its AI features to optimize your experiments, such as Stats Engine, which helps you analyze your results and make data-driven decisions, or Adaptive Audiences, which helps you create and target segments based on your visitors' behavior or attributes.
One of the most challenging and exciting aspects of conversion tracking is how it evolves with the changing technologies and consumer behaviors. In this section, we will explore some of the emerging trends and innovations that are shaping the future of conversion tracking, such as artificial intelligence, blockchain, and identity graphs. These technologies offer new possibilities and opportunities for marketers to measure and optimize their campaigns, as well as new challenges and risks that need to be addressed. We will examine how these technologies work, what benefits and drawbacks they have, and how they can be integrated with existing conversion tracking methods. Here are some of the key points we will cover:
1. Artificial intelligence (AI): AI is the use of machines and algorithms to perform tasks that normally require human intelligence, such as learning, reasoning, and decision making. AI can help marketers improve their conversion tracking by automating and enhancing various processes, such as data collection, analysis, attribution, optimization, and personalization. For example, AI can help marketers collect and process large amounts of data from multiple sources and channels, and use advanced analytics and machine learning to identify patterns, trends, and insights. AI can also help marketers assign credit to different touchpoints along the customer journey, and optimize their campaigns based on real-time feedback and predictions. AI can also help marketers deliver personalized and relevant experiences to their customers, and increase their engagement and loyalty. Some examples of AI applications for conversion tracking are:
- Google Attribution 360: This is a tool that uses machine learning to measure the impact of different marketing channels and campaigns on conversions, and provide actionable recommendations for optimization. It integrates data from Google analytics, Google Ads, google Marketing platform, and other sources, and uses a data-driven attribution model to assign credit to each touchpoint. It also provides cross-device and cross-channel reports, and allows marketers to run experiments and simulations to test different scenarios and strategies.
- Adobe Sensei: This is a framework that powers various AI and machine learning features across Adobe's products and services, including Adobe Analytics, Adobe Experience Platform, and Adobe Target. It helps marketers collect and unify data from different sources and channels, and use advanced analytics and machine learning to generate insights, predictions, and recommendations. It also helps marketers create and deliver personalized and optimized experiences to their customers, and measure their impact on conversions and other metrics.
- IBM Watson Marketing: This is a suite of solutions that uses AI and machine learning to help marketers understand and engage their customers, and optimize their campaigns. It includes tools for data management, analytics, attribution, optimization, and personalization. It helps marketers collect and integrate data from different sources and channels, and use cognitive analytics and machine learning to discover insights, patterns, and opportunities. It also helps marketers create and deliver personalized and relevant experiences to their customers, and measure their impact on conversions and other metrics.
2. Blockchain: Blockchain is a system of storing and transferring data using a distributed ledger that is maintained by a network of computers, rather than a central authority. Blockchain can help marketers improve their conversion tracking by providing a secure, transparent, and verifiable way of recording and validating transactions, such as clicks, impressions, conversions, and payments. Blockchain can also help marketers reduce fraud, waste, and inefficiencies in their conversion tracking, as well as enhance their privacy and compliance. Some examples of blockchain applications for conversion tracking are:
- basic Attention token (BAT): This is a token that is used to reward users for their attention, and to pay publishers and advertisers for their content and ads. It is based on the Ethereum blockchain, and works with the Brave browser, which is a privacy-focused browser that blocks ads and trackers by default. Users can opt-in to view ads that are relevant and respectful, and receive BAT tokens in exchange. Publishers and advertisers can also receive BAT tokens for their content and ads, and use them to fund their operations or exchange them for other currencies. The BAT system uses a transparent and auditable ledger to record and verify the transactions, and to measure the attention and engagement of the users.
- AdChain: This is a protocol that uses the Ethereum blockchain to create a registry of trustworthy and quality publishers and advertisers, and to facilitate the transactions between them. It aims to reduce fraud, waste, and inefficiencies in the digital advertising industry, and to improve the transparency and accountability of the conversion tracking. The AdChain protocol uses a token-curated registry (TCR) mechanism, which allows the holders of the AdChain token (ADT) to vote on the inclusion or exclusion of publishers and advertisers in the registry, based on their reputation and performance. The AdChain protocol also uses a verification layer, which allows the verification of the impressions, clicks, conversions, and payments using the blockchain.
- Lucidity: This is a platform that uses the Ethereum blockchain to provide a transparent and standardized way of tracking and verifying the performance and outcomes of digital advertising campaigns. It aims to reduce fraud, waste, and discrepancies in the conversion tracking, and to improve the trust and collaboration between the advertisers, publishers, and other stakeholders. The Lucidity platform uses smart contracts, which are self-executing agreements that are encoded on the blockchain, to define and enforce the terms and conditions of the campaigns, and to record and validate the transactions, such as impressions, clicks, conversions, and payments. The Lucidity platform also provides analytics and insights to help marketers optimize their campaigns and increase their return on ad spend (ROAS).
3. Identity graphs: Identity graphs are databases that store and link the identities and attributes of the customers across different devices, platforms, and channels. Identity graphs can help marketers improve their conversion tracking by providing a unified and holistic view of the customer journey, and by enabling cross-device and cross-channel measurement and attribution. Identity graphs can also help marketers deliver consistent and seamless experiences to their customers, and increase their retention and loyalty. Some examples of identity graph providers are:
- LiveRamp: This is a platform that helps marketers connect and activate their data across different sources and channels, and measure and optimize their campaigns. It uses a deterministic identity graph, which is based on verified and persistent identifiers, such as email addresses, phone numbers, and customer IDs, to link the customers across different devices, platforms, and channels. It also uses a probabilistic identity graph, which is based on statistical and behavioral signals, such as IP addresses, browser settings, and browsing patterns, to infer the connections between the customers and the devices, platforms, and channels. LiveRamp helps marketers unify and enrich their data, and use it to create and deliver personalized and relevant experiences to their customers, and measure their impact on conversions and other metrics.
- Neustar: This is a platform that helps marketers identify and understand their customers, and optimize their campaigns. It uses a deterministic identity graph, which is based on verified and persistent identifiers, such as email addresses, phone numbers, and customer IDs, to link the customers across different devices, platforms, and channels. It also uses a probabilistic identity graph, which is based on statistical and behavioral signals, such as IP addresses, browser settings, and browsing patterns, to infer the connections between the customers and the devices, platforms, and channels. Neustar helps marketers collect and integrate data from different sources and channels, and use it to create and deliver personalized and relevant experiences to their customers, and measure their impact on conversions and other metrics.
- Drawbridge: This is a platform that helps marketers connect and engage with their customers across different devices, platforms, and channels, and measure and optimize their campaigns. It uses a probabilistic identity graph, which is based on statistical and behavioral signals, such as IP addresses, browser settings, and browsing patterns, to infer the connections between the customers and the devices, platforms, and channels. It also uses machine learning and artificial intelligence to refine and improve the accuracy and scale of the identity graph. Drawbridge helps marketers collect and analyze data from different sources and channels, and use it to create and deliver personalized and relevant experiences to their customers, and measure their impact on conversions and other metrics.
These are some of the trends and innovations that are shaping the future of conversion tracking. As marketers, it is important to keep up with these developments, and to understand how they can benefit or challenge our conversion tracking goals and strategies. By leveraging these technologies, we can improve our conversion tracking capabilities, and ultimately, our marketing performance and outcomes.
AI, Blockchain, and Identity Graphs - Conversion Tracking Trends: How to Stay Ahead of the Curve with the Latest Conversion Tracking Trends and Innovations