In a series of conversations with the leading confidantes and consultants in the ad automation and programmatic area, Jay Sears, Senior Vice President Marketplace Development of Rubicon Project, discusses trends and issues of the day impacting advertisers and media owners. Here, Sears speaks with Matt Prohaska, CEO and Principal of Prohaska Consulting. Prior to starting his own firm, Prohaska started the first online media practice at BBDO (now part of Omnicom) and opened CNET’s New York sales office. Most recently he was the programmatic advertising director for The New York Times.
JAY SEARS: What do you read to keep up with politics, art and culture?
MATT PROHASKA: The Economist, The New York Times, Vice, The Wall Street Journal
SEARS: What do you read to keep up with friends?
PROHASKA: Facebook, LinkedIn, Twitter and one circle that uses group text too much -- really helpful when they heckle each other on a Tuesday afternoon as we’re presenting to a client!
SEARS: What do you read to keep up with the advertising technology industry?
PROHASKA: AdExchanger, AdNews, Advertising Age, Adweek, Digiday, Digital Doughnut, ExchangeWire, Marketing-Interactive, MediaBizBloggers, Mediapost, Smartbriefs from IAB & MMA, The Drum, The Makegood, various analyst reports and other media channel-specific trades.
SEARS: What’s your favorite commercial of all time?
PROHASKA: Any negative political ad (kidding). I don’t rank commercials of all time in Excel, as I do movies and songs like the dork that I am, but I probably should start. Depends on the moment for which one is my all-time fave, but given this interview’s theme, this one’s up there. I was only a year out of college when it came out. It was the first banner ad on Hotwired and it spoke to the optimist/futurist/techie in me. Plus, come on, it’s the voice of Tom Selleck.
SEARS: With regards to advertising automation, what are the three biggest trends you expect to impact companies in 2016?
SEARS: With regards to advertising automation, what are the three most overblown topics that you wish would just go away?
SEARS: Describe your firm and then tell us the three most common issues you help clients on with respect to advertising automation and programmatic trading.
PROHASKA: Prohaska Consulting is the premier global digital marketing and content consultancy specializing in programmatic technology. (It’s 80% of what we do today.) We empower publishers, agencies, brands, tech providers, trade groups and investors with a roadmap to success with unique strategy and execution.
As for the three most common issues:
SEARS: Tell us about your firm.
PROHASKA: We have 65 products today that we have delivered on at least once across our six client verticals. Here are the top three buckets today:
SEARS: The majority of ad technology companies have struggled (relatively small, unprofitable or both). Of the poor performers, what are the commonalities between them that have contributed to this weakness?
PROHASKA: No winning combination of people, product and positioning. Quite a few very smart tech developers with no operational or leadership experience. Companies funded and led based on 2010-2013 ecosystems and business models -- not knowing how and/or unwilling to change.
SEARS: A smaller handful of ad technology companies has achieved scale and performed better than the rest. What are the commonalities between them that have contributed to this relative strength?
PROHASKA: The winning combo stated above. Humility to recognize that no one has all the answers for every client in every market every day. Executives that listen to and develop talent leading departments and on the front line.
SEARS: Do we live in a “tale of two cities” where Google and Facebook win almost everything, advertisers are dictated to and other media companies fight for the scraps?
PROHASKA: Depending on where you work it definitely can feel like either “the best of times” or “the worst of times” … “Scraps” globally by most studies are still 35-50% of just so-called “digital” spend but it’s a really long tail once we get past the “mid-tail” of Yahoo, VZW/AOL, Twitter and a few top content publishers. If VZW doesn’t continue to be open as Tim Armstrong has stated they intend to be, and other MVPDs and Telcos decide to enforce/strengthen their own data-walled gardens, then it could be a tale of about 50 cities globally across all media in three to five years. So not two cities, but still not ideal for marketers wanting to engage consumers more easily and effectively.
SEARS: Please answer the following statements yes or no.
SEARS: If you could go to the airport right now with friends or family and fly anywhere in the world for vacation, who would you take and where would you go?
PROHASKA: My wife Bronwyn and 10-year-old daughter Danielle to Paris. Maybe can pull it off this summer but can’t wait to experience that again with Bronwyn and together with Danielle for the first time.
SEARS: If you could create an endowment to fund any existing non-profit you designated, what lucky non-profit organization would that be?
PROHASKA: We’re working on Prohaska Consulting becoming a B-Corp/Triple Bottom Line to start doing just that in our small-to-start way; but I’m passionate about closing the digital divide locally and globally so it would/will be organizations that help do that.
SEARS: What is your favorite restaurant in the world?
PROHASKA: I actually have this top 20 on my phone in Evernote (dork, I know). The Three Chimneys in the Isle of Skye in Scotland is certainly up there. Amazing food, setting and people.
SEARS: Thanks, Matt!
Do know a leading ad automation consultant in the ad automation and programmatic area advising advertisers and media companies that Sears should consider interviewing? Tell him.
The opinions and points of view expressed in this commentary are exclusively the views of the author and do not necessarily represent the views of MediaVillage.com/MyersBizNet management or associated bloggers.