Exploring the Latest Shifts in Digital Ad Attribution: What Marketers Need to Know
Digital advertising has come a long way in recent years, and one area that has seen significant changes is digital ad attribution. Attribution refers to the process of determining which marketing efforts are responsible for driving conversions or other desired outcomes. In this blog post, we'll explore some of the key changes to digital ad attribution, and why they matter for your business.
First and foremost, the rise of mobile devices has had a major impact on digital ad attribution. It's become increasingly difficult to track and attribute conversions to specific marketing efforts because mobile devices often use different browsers and cookies than desktop computers, making it hard to track user behavior across multiple devices.
To address this challenge, many companies have turned to cross-device tracking solutions. These solutions use a combination of device fingerprints, IP addresses, and other data points to link together user behavior across multiple devices. This allows businesses to get a more accurate picture of how their marketing efforts are performing, even on mobile devices.
Another major change in digital ad attribution is the increased use of machine learning and artificial intelligence (AI) algorithms. These algorithms can analyze large amounts of data to identify patterns and trends that would be difficult for humans to spot. This can help businesses identify which marketing channels are driving the most conversions and make more informed decisions about where to allocate their ad spend.
The increasing popularity of multi-touch attribution models has also affected the way in which digital ad attribution is done. These models assign credit to multiple touchpoints in the customer journey, instead of just the last touchpoint. This gives a more accurate picture of the customer journey and allows marketers to better understand the impact of their advertising efforts.
With the rise of programmatic advertising, agencies are now able to automate the buying and selling of advertising inventory. This has made it easier and more efficient to target specific audiences and allocate ad spend, but it also presents new challenges in terms of attribution. Programmatic advertising often involves multiple intermediaries, each of which may contribute to the overall performance of an ad campaign. This makes it important to have accurate attribution tracking in place to understand how your ad spend impacts your ROI.
Digital ad attribution is a constantly evolving field, and businesses need to stay up-to-date with the latest developments in order to make the most of their marketing efforts. With the rise of mobile devices, the increased use of machine learning and AI, the adoption of multi-touch attribution models, and the growth of programmatic advertising, businesses need to be prepared to adapt their attribution strategies in order to stay competitive in today's digital landscape.