This Week In Digital
The future of advertising
The advertising industry has been shifting towards a more data-centric approach for years now. It is entering a new era. With emerging internet technologies, there has been more precision in data gathering, sorting, and utilization. Online advertising is on the rise, attracting more and more advertising budgets. Data is the…
The advertising industry has been shifting towards a more data-centric approach for years now. It is entering a new era. With emerging internet technologies, there has been more precision in data gathering, sorting, and utilization. Online advertising is on the rise, attracting more and more advertising budgets. Data is the new gold standard for advertising and, alongside ad tech, is a game changer in process and targeting. Older advertisers are losing importance, while new forces are emerging. This transition is structural and is expected to continue.
This year might bring us surprises in the advertising industry to help us create our marketing strategy better. Here, we have listed a few anticipated transformations in digital advertising that we expect in 2023.
According to various advertisers and marketers, white labeling would witness a rise in 2023 and beyond. The rise of the white label is an alternative to uncertainty in digital marketing. White-label solutions offer an opportunity to create a balanced and transparent environment for everyone. Nearly 87% of SMBs use digital advertising to grow their business. With white-label solutions, advertisers will be able to bring in top-funnel traffic to brands and attention to all other marketing tactics.
AI will play a major role in how brands understand what consumers want and need. The different preferences of people for products and services will be catered to in a better way with AI. This technology would also be used to generate smarter advertising content. The recent innovation that grabbed the eyes of the people – Chat GPT – is an excellent example of an AI tool which has attracted 96Mn+ users, and will continue to grow. Additionally, AI can also be very useful in automating conversational marketing. Brands use AI to shoot personalized email marketing campaigns based on the behavior of their customers.
CTV programmatic advertising
It is anticipated that advertisers will spend nearly $27 billion in 2023, witnessing a 27.2% increase since last year. CTV advertising platforms give advertisers advanced tracking options such as location, lifestyle, demographics, internet browsers and search habits, allowing brands to reach relevant audiences. Video marketers across all industries think of CTV advertising as a must-have in their media plans to deliver ads in a premium environment and minimize ad costs.
Emergence of ad tech and mar tech tools
As Mar Tech & Ad Tech enriches with more customer data, advertisers will be able to use that data more efficiently. Advertisers and savvy marketers have recognized the value of shared big data over the last few years. With cooperation leading toward the creation of uber-personalized campaigns, this trend seems to be promising. Additionally, DTC advertising is all set to capture and conquer the e-commerce market, which opens more opportunities in the digital world, making brand-consumer interactions more individualized and customer-centric.
The future of advertising rests on discreet technology that follows the latest privacy guidelines and delivers a quality user experience. Digital marketing is an industry that cannot stand still. After 2023, there will be many changes to how it works. It brings us development and new interesting challenges that digital marketing will surely tackle.