How Science is changing advertising — Dr. Duane Varan // MediaScience
- Part 1How AI & ML are changing consumer research — Dr. Duane Varan // MediaScience
- Part 2AI innovations in MarTech — Dr. Duane Varan // MediaScience
- Part 3 How Science is changing advertising — Dr. Duane Varan // MediaScience
Show Notes
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02:12How technology is changing marketingToday, there are multiple ad formats for marketers to choose from. So instead of the one-size-fits all approach, ads can be tailored to meet your specific business needs.
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03:56Understanding the impact on media consumptionWe are consuming more media in a lot more ways today than before. And because of that, Brands need to do more to get and maintain their audiences attention.
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06:38Effective marketing measures for the B2B spaceFocus primarily on getting enough attention with your ads. Once you are getting enough attention, the other KPIs will start to fall in place.
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07:48Evaluating what worksFigure out what type of attention youre getting. Pay attention to how people react to your ads in relation to your business goals.
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10:00How to look at the emotional reaction to your ad versus salesThe reaction your users get is just as important as any sales that may come from the ad. Being able to analyze the emotional reaction based on brand goals will help you align your strategy.
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12:00The science of the why behind your marketing resultsThis is how you will inform your larger strategy to help reinforce or build your brand. The value your audience gets from your brand is greater than the value from the product theyll buy.
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14:23Effective marketingUnderstanding your customer and what drives their behavior is integral to your success as a marketer. Companies like MediaScience use technology to make that process more accurate.
Quotes
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"The biggest change over the past decade is that especially with premium advertising, like TV ads, etc, we've gone from a one-trick pony to a universe of infinite possibilities." - Dr. Duane Varan, Founder & CEO, MediaScience
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"The ultimate job of course of marketing is to help promote sales, but that's too big an objective. You have to break that down into a strategy for how you're going to do that." - Dr. Duane Varan, Founder & CEO, MediaScience
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“More attention is not necessarily better. But no attention is definitely fatal.” - Dr. Duane Varan, Founder & CEO, MediaScience
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“So really once you go past the attention threshold, everything else now is going to be brand specific rather than generic.” - Dr. Duane Varan, Founder & CEO, MediaScience
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“Whatever your product is, the portion of your value being delivered by your brand is far greater than the value delivered by the physical product itself.” - Dr. Duane Varan, Founder & CEO, MediaScience
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“Branding is the real estate of the mind. And it's where you sit in a person's psyche ultimately. And you're not going to get that by the sales behavior.” - Dr. Duane Varan, Founder & CEO, MediaScience
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“It's not enough to just have the sales data. It's not enough to just have the moving parts. You really need both of those to come together to get the full picture.” - Dr. Duane Varan, Founder & CEO, MediaScience
- Part 1How AI & ML are changing consumer research — Dr. Duane Varan // MediaScience
- Part 2AI innovations in MarTech — Dr. Duane Varan // MediaScience
- Part 3 How Science is changing advertising — Dr. Duane Varan // MediaScience
Up Next:
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Part 1How AI & ML are changing consumer research — Dr. Duane Varan // MediaScience
Dr. Duane Varan, founder and CEO of MediaScience, talks about the science of machine learning in marketing. How we track marketing success has evolved throughout the years. And we can now collect more accurate data through technological advancements. Today, Dr. Duane explains how machine learning and AI are changing consumer research.
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Part 2AI innovations in MarTech — Dr. Duane Varan // MediaScience
Founder and CEO of MediaScience, Dr. Duane Varan, discusses the science of machine learning in marketing. AI and machine learning is already helping businesses gather and analyze data. It all boils down to balancing your marketing strategy to make technology work in your favor. Today, Dr. Duane talks about some of the innovations from AI and machine learning in the MarTech space.
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Part 3How Science is changing advertising — Dr. Duane Varan // MediaScience
Founder and CEO of MediaScience, Dr. Duane Varan, wraps up the conversation about the science of machine learning in marketing. One of the main aspects of gathering consumer data is the ability to effectively analyze it for your success. And depending on your sector, your metrics and KPIs will be different. Today, Dr. Duane talks about how science is changing the advertising industry.