Podcast ads are growing: revenue will total nearly $700 million this year and $1 billion by 2021, says the IAB. Adobe found that 60% of listeners have looked up a product after hearing it mentioned in a podcast ad and 25% have made a purchase. You won’t be surprised that Millennials are the most frequent listeners.
Blockchain often seems over-hyped but one application that always made sense was streamlining the digital ad supply chain. Sure enough, a pilot run by IBM, Unilver, and others has yielded an average two to three percent savings. That’s a small fraction of what goes to intermediaries and fraudsters but presumably benefits will grow over time.
You probably don’t need convincing that chat is important. But you might still be surprised that the function has become so quickly commoditized that Shopify is now offering it at no extra cost. The new tool will show up on all pages of a Shopify ecommerce site.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.