Zenith has looked at how machine learning could be used to efficiently process large amounts of data and to automate the most complex and time-consuming aspects of digital planning
BestMediaInfo Bureau | Mumbai | November 11, 2016
Zenith has developed ground-breaking automation of digital planning that delivers significant improvement in effectiveness for marketers and is set to fundamentally change the way agencies and clients optimise digital media.
Over the past six months, a taskforce of data scientists and strategists from Zenith has been developing sophisticated automation of digital planning using the networkâs machine-learning technology and bespoke algorithms.
Marketers are currently faced with a confusing array of multi-touch point customer journeys, so Zenith has looked at how machine learning could be used to efficiently process large amounts of data and to automate the most complex and time-consuming aspects of digital planning.
Using live Aviva campaigns, the taskforce collected advertising cookie data from the technology stack of a leading demand-side platform (DSP) and matched it with corresponding first party sales data. Applying Zenithâs machine learning algorithm, the taskforce was able to precisely attribute sales conversions to specific digital interactions.
Zenith was then able to automatically optimise Avivaâs digital planning by pushing the algorithm output back into the DSPâs stack. This dramatic move closed the automation loop â data collection, attribution and a full set of planning changes across multiple digital touch points all done automatically.
The network is adding first party drivers-of-demand data into the algorithm in order to enhance the effectiveness of the automated planning changes. In this way, data -- such as how price affects sales or the success of creative assets -- will be fed into the automated optimisation.
This radical automation of digital planning is being done using cloud-based technology, with the client retaining full ownership of their first-party data throughout the process.
This application of machine learning saw Aviva benefit from a 6 per cent cost-per-quote (CPQ) improvement on car search through implementation of the automation programme. For display, Aviva saw a 10 per cent improvement in CPQ through automation.
Vittorio Bonori, Global Brand President, Zenith, said, âZenith is leading the way in changing the business model for digital. This important programme is part of our strategy to leverage the power of data and technology to drive profitable growth for our clients.â
James Turner, Head of Marketing (Trading), Aviva, said, âWeâre delighted that as part of our commitment to digital and media transformation at Aviva, we are breaking new ground with this pilot automation of our search and display. The benefits of attribution modelling will be realised in terms of ROI improvement as well as through operational efficiency.â
Tanmay Mohanty, Group Chief Executive Officer, Zenith India, says that machine learning and automation have the power to radically transform businesses. He added, âMachine gleaned insight and attribution modelling help connect the dots, where data is being collected on a massive scale. It leads to sharper deliveries, enhances creativity and brings in breakthrough strategies and ideas. In the new world, the companies that progress are the ones that are agile with data science, visualisation, automation and technology. We are pleased to be at the forefront of this great change.â