diffusion of real time bidding in display marketing industry

21
Diffusion of RTB Barreras a la adopción de la tecnología Real Time Bidding © Ferran Martí Voltas Tesina de Double Degree Barcelona, 16 septiembre de 2013

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Advertisers and Media Agencies have seen in Real Time Bidding the technology that could improve the targeting skills of traditional Display Marketing. All the members of the industry have seen how it is changing since 2007 and more and more players embrace this technology. I wrote a thesis with real industry data on how each type of traders is adapting (or not) to Real Time Bidding. Traditional ad servers, SSP, DSP, AdExchanges, Ad Networks, Publishers, Buyers, Advertisers, Agencies, Saleshouses or any other type of online player is analyzed. This pdf is the slides I used on my defense. If you would like to know more about me and this project come over to www.ferranmv.com and feel free to ask. I love to chat!

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Page 1: Diffusion of Real Time Bidding in Display Marketing industry

Diffusion of RTB Barreras a la adopción de la tecnología Real Time Bidding

© Ferran Martí Voltas Tesina de Double Degree

Barcelona, 16 septiembre de 2013

Page 2: Diffusion of Real Time Bidding in Display Marketing industry

Display Marketing

© Ferran Martí Voltas. 2013.

Logo

Título de artículo

300x250

728x90

Email Marketing

Search

Marketing

Display Marketing

Facebook Marketing

Linkedin

marketing

Anuncio

Page 3: Diffusion of Real Time Bidding in Display Marketing industry

Agenda

Display Marketing 2007

La irrupción del Real Time Bidding

Literatura

Hipótesis

Diseño

Contrastes

Conclusiones

© Ferran Martí Voltas. 2013.

Page 4: Diffusion of Real Time Bidding in Display Marketing industry

Display Marketing 2007

© Ferran Martí Voltas. 2013.

From Mad Men...

Page 5: Diffusion of Real Time Bidding in Display Marketing industry

Display Marketing 2007

© Ferran Martí Voltas. 2013.

Servidores tradicionales

AdExchanges

Traders

AdNetworks Saleshouses

Agencias

Seller

Webs

Buyers

Advertisers

Poder de ejecución / Dinero

Page 6: Diffusion of Real Time Bidding in Display Marketing industry

Display Marketing 2007

© Ferran Martí Voltas. 2013.

Ni Eficiencia ni Eficacia!

No targeting

No transparencia

Inventario

Muchos costes fijos

No escalabilidad

Seller

Webs

Buyers

Advertisers

Page 7: Diffusion of Real Time Bidding in Display Marketing industry

La irrupción del RTB

© Ferran Martí Voltas. 2013.

...to Math Men!

Page 8: Diffusion of Real Time Bidding in Display Marketing industry

La irrupción del

© Ferran Martí Voltas. 2013.

REAL TIME BIDDING

Page 9: Diffusion of Real Time Bidding in Display Marketing industry

La irrupción del RTB

© Ferran Martí Voltas. 2013.

Servidor RTB

Seller

Webs

Buyers

Advertisers

Poder de ejecución / Dinero / Data

Compra al instante

Escogiendo todo tipo de targeting

Más uso del data

Eficiencia y Eficacia!

Page 10: Diffusion of Real Time Bidding in Display Marketing industry

La irrupción del RTB

© Ferran Martí Voltas. 2013.

Servidores tradicionales

AdExchanges

Traders

AdNetworks Saleshouses

Agencias

Seller

Webs

Buyers

Advertisers

SSP DSP

Trading Desks

Poder de ejecución / Dinero / Data

Page 11: Diffusion of Real Time Bidding in Display Marketing industry

Literatura

Innovación

***

Adopción de la innovación

***

Innovación disruptiva

***

Cambio

***

Online Marketing

***

Real Time Bidding

© Ferran Martí Voltas. 2013.

Límites a la adopción de la innovación MacVaugh and Schiavone, 2010.

Page 12: Diffusion of Real Time Bidding in Display Marketing industry

Límites a la adopción

© Ferran Martí Voltas. 2013.

Tecnológicos Sociales Aprendizaje

Utilidad

Complejidad

Complementariedad

Contexto

Orientaciones

Contagio

Capacidad

Aptitud

Costes

MacVaugh y Schiavone, 2010.

Individual Comunitario Industria

3 niveles:

Siguientes límites:

Page 13: Diffusion of Real Time Bidding in Display Marketing industry

Hipótesis

H1. Los switching costs son las más importantes

barreras a la adopción

***

H2. Los switching costs son mayores barreras a la

adopción cuando más se tarde a dar el paso

***

H3. Los agentes de la industria de Display Marketing

adoptaron el RTB de manera diferente

© Ferran Martí Voltas. 2013.

Page 14: Diffusion of Real Time Bidding in Display Marketing industry

Diseño

© Ferran Martí Voltas. 2013.

15%

26%

9%

2%

31%

6%

11% Buyer

New Adserver

New Trader

Old Adserver

Old Trader

Other in OnlineMarketing

Publisher

n = 123

Enviado a más de 1.000 personas de la industria

Ingresos anuales > 500.000 usd

Preguntas: Límites de MacVaugh y Schiavone

Page 15: Diffusion of Real Time Bidding in Display Marketing industry

Adoption(x) = Utility + User + Readiness + Success + Standard + Promotion + Opinion of Leader + Knowledge + Training – Learning Switching Costs – Investment Switching Costs – Exit Fees + No Switching Costs

Diseño

© Ferran Martí Voltas. 2013.

Función de la adopción de una tecnología

Adoption(x) = Utility + User + Readiness + Success + Standard + Promotion + Opinion of

Leader + Knowledge + Training – Learning Switching Costs – Investment

Switching Costs – Exit Fees + No Switching Costs

Page 16: Diffusion of Real Time Bidding in Display Marketing industry

© Ferran Martí Voltas. 2013.

Contrastes

Page 17: Diffusion of Real Time Bidding in Display Marketing industry

Contraste H1

© Ferran Martí Voltas. 2013.

Los switching costs son las más importantes

barreras a la adopción

Classification Tablea

Observed Predicted

RTB Percentage

Correct 0 1

Step 1 RTB

0 26 28 48,1

1 12 57 82,6

Overall Percentage 67,5

a. The cut value is ,500

Variables in the Equation

B S.E. Wald df Sig. Exp(B) 90%

C.I.for EXP(B)

Lower Upper

Step 1a

Knowledge 19,712 40193 0 1 1 4E+08 0 .

Readiness 1,301 0,768 2,873 1 0,09 3,673 1,039 12,982

Utility 0,436 0,686 0,403 1 0,526 1,546 0,5 4,781

Success 0,065 1,123 0,003 1 0,954 1,068 0,168 6,769

Trainings 0,064 0,432 0,022 1 0,882 1,066 0,524 2,172

Promotion -0,62 0,602 1,06 1 0,303 0,538 0,2 1,449

OpinionLeaders -0,173 0,457 0,143 1 0,705 0,841 0,397 1,783

Standard 1,273 0,656 3,766 1 0,052 3,571 1,214 10,503

LearningSC 0,447 0,424 1,111 1 0,292 1,563 0,779 3,137

InvestmentSC -0,883 0,455 3,769 1 0,052 0,414 0,196 0,874

ExitFeesSC -0,317 0,617 0,263 1 0,608 0,728 0,264 2,011

NoSC 0,38 0,709 0,287 1 0,592 1,462 0,456 4,692

Constant -

21,763 40193 0 1 1 0

a Variable(s) entered on step 1: LearningSC, InvestmentSC, ExitFeesSC, NoSC.

Impact

Knowledge -

Readiness 267%

Utility 55%

Success 7%

Trainings 7%

Promotion -46%

OpinionLeaders -16%

Standard 257%

LearningSC 56%

InvestmentSC -59%

ExitFeesSC -27%

NoSC 46%

Constant

Regresión logística jerárquica

Page 18: Diffusion of Real Time Bidding in Display Marketing industry

Contraste H2

© Ferran Martí Voltas. 2013.

Los switching costs son mayores barreras a la

adopción cuando más se tarde a dar el paso

Regresión lineal y comparar

Early Adopters vs Late Adopters

Rest of adopters Late Adopter

(Constant) 7.483 6.324

ExitFeesSC -1.328 -0.868

LearningSC -1.162 -1.123

InvestmentSC -0.689 -1.457

NoSC 1.142 1.051

Page 19: Diffusion of Real Time Bidding in Display Marketing industry

Contraste H3

© Ferran Martí Voltas. 2013.

Los agentes de la indústria del Display Marketing

adoptaron el RTB de manera diferente

+ - Comentarios

Adopción New Adserver Publishers Todos!

Utilidad Old traders Útil!

Usuario New Adserver y Trader

Buyers 50%, rest less

Readiness New Traders Old Traders

C. Success New Traders Old Traders

Sw. Costs Buyers New Adservers

No hay diferencias en:

Standard, Promotion, Opinion Leader, Knowledge and Training

Comparación de medianas ANOVA

Page 20: Diffusion of Real Time Bidding in Display Marketing industry

Conclusiones

© Ferran Martí Voltas. 2013.

Readiness y Standard mayores barreras

***

Switching Costs no son tan decisivos

***

Mismos switching costs, diferente impacto

***

RTB será un estándar y

cambiará la industria

Page 21: Diffusion of Real Time Bidding in Display Marketing industry

Citas

© Ferran Martí Voltas Tesina de Double Degree

Barcelona, 16 septiembre de 2013

MacVaugh, J. and Schiavone, F. (2010). Limits to the diffusioon of innovation: a literature review and

integrative model. European Journal of Innovation Management, 197-221.

MacVaugh, J. and Schiavone, F. (2010). Limits to the diffusioon of innovation: a literature review and

integrative model. European Journal of Innovation Management, 197-221.

Meyers, S. a. (1969). Successful Industrial Innovation. National Science Foundation.

Gandal, N. (2002). Compatibility, standardization, and network effects: some policy implications.

Oxford Review of Economic Policy, 80-91.

Christensen, C.M. (1997). The Innovators Dilemma: when new technologies cause great films to fail.

Boston: Harvard Business School Press.