Many marketers follow a traditional approach to advertising, which has three significant constraints:
- Publisher overlap from adding too many channels
- A unidimensional view of data, and
- Inaccurate attribution focused solely on the last click.
These constraints frequently trap advertisers in a destructive loop that curtails the distinct reach of their campaigns. This situation causes advertising budgets to be misallocated, leading to reduced returns and unnecessary expenses.
Even when using AI-driven insights, marketers can often miss the big picture because they are not looking at the right insights. It demands a comprehensive understanding of the attribution journey, a keen eye for identifying redundancy, and a relentless pursuit of actionable insights. As AI’s prevalence grows, the temptation to blindly adopt AI-powered tools becomes stronger. Marketers may assume that incorporating AI solutions automatically equates to improved outcomes. This assumption, however, is far from the truth. AI’s effectiveness hinges on the data it is fed and the questions it’s designed to answer. Simply integrating AI without aligning it with your marketing goals and strategy can lead to wasted resources and misguided campaigns.
The heart of the matter lies in the questions you pose. AI’s true potential shines when it’s guided by the right queries. Instead of fixating on how AI can make your campaigns better, start by asking questions that matter.
- How does a user’s journey unfold across various touch points before conversion?
- What role do different campaigns play in nudging users towards action?
AI’s magic lies in its capacity to provide nuanced answers to these questions, enabling you to optimise ad spend allocation. These questions pave the way for actionable insights that can steer your marketing strategy.