Connected TV (CTV) ads increased 57% to $15.2 billion in 2021, according to the Interactive Advertising Bureau (IAB). CTV revenue has plenty of room to grow: IAB notes CTV accounts for 36% of total TV time but just 18% of video ad dollars. A separate Innovid study also shows headroom: they find the average CTV campaign reaches under 10% of the possible audience with relatively low frequency.
Kenyan startup Phindor has launched a next generation shop assistant system that employs artificial intelligence (AI) to help local businesses digitise record management, data collection and storage.
Podcast advertising is growing even faster than CTV, says a different IAB report. Podcast revenue blew past the $1 billion mark in 2021, reaching $1.4 billion on a 72% increase. IAB says it will exceed $4 billion by 2024.
Procrastinators of the world can throw a party whenever they get around to it: Google has once more pushed back complete third-party cookie deprecation. The new target is “early next year.” Reasons for the delay include concerns expressed by U.K. data regulator Information Commissioner’s Office, an ongoing inquiry by the U.K. Competition and Markets Authority, and widespread discontent in the advertising ecosystem.