Above all, agencies need to be able to meet the needs of their clients in the most contemporary way, and today that means they’re adjusting to buyer-based targeting. Audience buying continues to accelerate change: Advertisers want to buy behavioral targets and media owners want to sell them. These differentiated data capabilities, incidentally, are often built with Nielsen data at their core -- an advantage that serves as the connective tissue within the proprietary platforms of many of the industry’s biggest agencies.
As agency margins are under significant and continuing pressure, their proprietary tech stacks become more reliant on client funding, which is becoming scarce in light of zero-based budgeting and cuts in ad spend. As a result, the need for high-quality, third-party data and off-the-shelf solutions continues to increase, as they provide the much-needed bench strength for agencies under constant pressure on all fronts. This could yield upside for data and cloud companies that can step in and fill the gaps.
The good news is that these hurdles aren’t without solutions. Agencies can use Nielsen data (the currency for TV and radio), the Nielsen Total Audience framework and software solutions to find, plan and activate their campaigns on both linear and digital platforms. Finally, Nielsen has worked with agencies to provide short-term, discounted licenses to them in the hunt for new business and even helped to co-develop solutions to meet the needs of an agency’s advertiser clients and new business prospects.
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