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Social Media Ad CPMs Down 29% Year-on-Year

October 2, 2023
Another long-term development is the slow collapse of social media advertising as users and ad buyers find more compelling alternatives.  This Skai report brings it into focus: paid social ad cost per thousand were down 29% year- on-year, although impressions and clicks rose 35% so net ad spend was down just 4%.  By contrast, paid search cost per click was largely flat (down 4% year-on-year) while retail media impressions, clicks, and spend were all up (32%, 36%, and 35%, respectively).
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Dentsu Offers Keyword-Based Contextual Targeting for CTV

October 2, 2023
This Kantar report confirms what you probably knew already: online video and video streaming are the fastest growing competitors for social media ads.  This, in turn, is seeding growth of new solutions like this Dentsu, GumGum Verity and Iris.tv joint effort to enable keyword-based contextual targeting and brand safety controls to Connected TV ads. (This item also illustrates a trend of companies to reveal news without a formal press release or blog post; that’s a bad direction in a world where the truth of unsourced news items is always in... Read More >
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Budget Woes Slow Marketing Hiring: The CMO Survey

September 29, 2023
Some people mark autumn by pumpkin spice latte, but marketers more attuned to the semi-annual release of The CMO Survey, published by Duke/Fuqua and friends since 2008.  The latest edition has all the traditional greatest hits, including marketing budgets and CMO attitudes.  There’s also plenty about AI (it adds value); digital transformation (definite progress but more to be done) and staffing (hiring has slowed as budgets tighten).
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Getty Offers Gen AI Tool Built Only with Licensed Images

September 28, 2023
Unauthorized training data isn’t an existential threat to generative AI but it’s certainly a headache for users and developers alike.  Most developers are trying to exclude materials that creators have explicitly labeled as unauthorized and citing “fair use” as justification for copying everything else.  Getty Images has taken an opposite approach, building its gen AI tool only on materials that are explicitly licensed.  It’s possible that tracing the provenance of training data will become a standard, similar to how organic food producers trace the origins of their ingredients.
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Fraud Captures 22% of Online Ad Spend: Juniper Research

September 28, 2023
Fraud accounts for 22% of online ad spend, according to this Juniper Research study, even higher than the 15% the ANA estimated is spent on “made for advertising” websites (bear in mind the two figures are measuring different things).  Also bear in mind that ad buyers don’t really seem to care: Ascend2 found ad fraud ranked dead last in their list of concerns, cited by 16%.  The top two concerns were finding the right audience (41%) and measuring ROI (38%).
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