Sunday , 18 February 2018
Breaking News
A new system tracks which ads coaxed your feet to walk into that store

A new system tracks which ads coaxed your feet to walk into that store

The next time you decide to walk into a real store, zillions of digital bits are working overtime to figure out why.

The newest system undertaking that task, being announced today, is something with the soporific name of the Location Conversion Index (LCI).

But its parents — global media services agency ZenithOptimedia and mobile audience intelligence platform NinthDecimal — proudly see their offspring as providing industry-first “measurement metrics on whether mobile and online [computer ad] campaigns drove foot traffic to stores.”

The intention is that this will become the industry’s way for determining which parts of a digital media campaign — mobile ads? website ads? social marketing? — coaxed you to walk into that clothing store.

“It’s kind of like a new GRP point for us,” ZenithOptimedia senior vice president Yale Cohen told me, referring to the traditional impressions metric of a gross rating point. Except that LCI measures which parts of a digital campaign boosted foot traffic.

To solidify that position as an emerging standard, LCI is now rolling out to 75+ media partners, including AOL, Yahoo, ad agencies, and independent ad networks. Any of the partners will be able to use a customized online dashboard to track in real time the increase in foot traffic from their media spends. The platform can help determine which media spends (websites versus mobile ads, for instance), which audience segments, or which ad/publisher networks are most effective.

Kohl’s department stores and six other existing ZenithOptimedia clients have been testing the new system, which is now available to new clients.

ZenithOptimedia and NinthDecimal point to LCI’s omni-channel and cross-device measurement of the increase in in-store visits as providing “the most accurate marketing ROI [return-on-investment] attribution.”

A dashboard screen from LCI

A dashboard screen from LCI

Above: A dashboard screen from LCI

Image Credit: ZenithDigital

But, although some other measurement platforms are reporting point-of-sales data in real time, LCI doesn’t continue through to an actual purchase.

LCI is “not being tied to purchase data,” Cohen told me. “It’s the last step before purchase.”

Potentially, that bottom-line final result can be inferred from other stats. For instance, if there’s a rise in new shoe sales in the same week as there’s a rise in foot traffic to that shoe store, you can infer a connection.

The omnichannel, multidevice coverage of LCI is built around the original, GPS-based mobile location-tracking technology developed by NinthDecimal. That mobile tracking, Cohen said, “can pinpoint if the person is in the store, next to it, or driving by” with 99 percent accuracy.

David Staas, president of NinthDecimal, told me that “a major new capability [of LCI] is the multichannel approach.”


Making a decision on marketing clouds?
See which marketing clouds are right for your organization.


The challenge is solving what might be called The Digital Marketer’s Dilemma:

Is the unlogged-in, anonymous user watching an ad on a desktop computer at the office in the afternoon the same anonymous user seeing an ad on her smartphone in early evening on the bus, and the same user encountering an ad on a tablet at home that night?

A number of marketing/ad platforms, such as Adobe, claim some ability to track that anonymous, device-jumping user.

A visit to a clothing website on an IP address-tagged computer, followed by a search to that same website on a nearby GPS-located smartphone, for instance, can indicate it is probably the same person.

But consistently making correct inferences is what engineers call “a non-trivial task.” That is, it’s a big deal to do it right.

The agencies emphasized LCI’s “[unmatched] precision and scale” of attributing foot traffic to campaign factors across devices, but the methods for determining the same user across devices are murkily described as processing “a trillion data points from over a billion devices.”

Whether or not LCI becomes a standard, it’s now clear that there has never been so much effort to follow what your feet do.


VentureBeat’s VB Insight team is studying email marketing tools. Chime in here, and we’ll share the results.

Article Source

Share and Enjoy

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Email
Print