The Rent Is Too Da** High
Operational and transactional costs are simply too high - and for lots of different reasons. Many media types in numerous markets are wholly manual, while others leverage lots of technology vendors that charge 10%-50% of the media spend. That's insane.
Technology Should Empower Not Commoditize
Buyers and sellers should be dictating the terms of the transaction, not the ad tech provider. That means buyers should be able to buy from whomever they want, using whatever data they want, in whatever way they agree with the seller. Operational efficiency doesn't have to mean becoming a commodity.
Ad Tech Should Be Invisible
Technology partners in the advertising industry soak up way too many headlines. Credit should go to the innovative brand, the creative marketing strategy, the compelling content or the engaging user experience. Ad tech is the pipes. The pipes are important. But tourists don't flock to a city to see the water system...
Stakeholders Must Evolve
Technology and data are a central part of marketing. Advertisers, agencies or media companies who outsource the smarts of this are doomed in the long run. It's not enough to just believe it. Stakeholders must have a plan in place to evolve to a technology and data driven future whilst also delivering results in the short term.
Consumers don't live in silos. Brands operate across different media types and formats. And their agencies need to be able to work directly with every possible inventory partner. Ad tech must support that at scale, too.
Can't Operate In a Silo
Buy Side Tech Must Benefit All Sides Or It Hurts Buyers
To enable a buyer to buy more efficiently, the ad tech provider can't: 1) "tax" the seller; 2) require the seller to give up control of inventory or pricing; or 3) force a change in sales work flow that immediately breaks a seller's business. If a buyer can't buy the entire marketplace then the buyer needs multiple workflows, which results in inherent inefficiency!