Aside from the issues brought up in my last post on data quality, it is also crucial to understand the consumer data that is connected to any TV big data -- which may come from a number of sources. Customer data may seem to be the obvious source of data, but even a perfect database of customers raises some questions which also apply to other data sources. A list of those questions follows.
An alternative to TV Big Data targeting is to use existing currency panels matched with consumer data. This approach solves the problems of representativeness as TV measurement panels are designed to represent all TV homes and provide measurement of all devices and people viewing within the home. Furthermore, these measurements are typically audited and accredited for use (whether via MRC in the U.S. or Joint Industry Committees elsewhere). They are typically transparent and the economics of transaction between buyer and seller are well established.
Using existing TV currency panels is therefore a very effective way to plan, create and measure broad campaigns aimed at increasing brand awareness and attitudes. Clearly, where this approach is challenged is with sample sizes: building and maintaining a high quality TV measurement panel is expensive and limits the number of participating homes. Smaller, more niche targets will not yield data with sufficient statistical stability for meaningful measurement of performance.
There is an interesting paradox at play here. A TV measurement panel of 35,000 homes and 100,000 people allows us to understand the viewing of 300 million Americans, while a sample of 10,000,000 smart TV sets allows us to understand how 10 million smart TV's are being used. So less represents more and more represents less. An advertiser investing in TV campaigns needs to decide what works better for a given objective.
In some cases, the 10 million smart TVs may be the better approach, allowing detailed analysis of a small sector of the market which may give some insight into a campaign's overall effectiveness. In other cases, a comprehensive measurement of people's campaign exposure across the country is required and the full representation of the TV measurement panel is the right data source to use. The paradox also extends to objectives: bigger targets and broader objectives are better served by the smaller samples while smaller, more niche targets need the larger sample sizes.
In many cases, if you can afford it the use of both approaches may give you the best ways of assessing the value of your ad investment, provided differences between alternative data sets can be reconciled meaningfully and create a coherent story.
For now, most TV ad campaigns are transacted using traditional measurement panels, but advertisers are exploring the new big data sources. An ideal scenario from a pure measurement perspective would be a seamless, transparent integration of all available TV viewing data sources into a coherent measurement that covered big data from all sources and incorporated panel data to fill in the geographical and technological gaps left by these sources and provide individual-level viewing measures. However, this is very unlikely to happen given the many legal and business issues that would arise were such an enterprise attempted.
In the absence of this research nirvana, companies should be open to all of the opportunities that are offered by the multitude of available data sources and be aware of the limitations of each.
A key takeaway is that there is no universal perfect data set that solves all the needs of advertisers, agencies and media owners. Anyone working in this space should be aware that while bigger isn't always better, the proliferation of TV data presents opportunities that may enable more efficient and effective TV advertising with greater accountability in assessing effectiveness.
With that in mind, it's worth considering a checklist of criteria that could determine what data set best works for an advertiser's objective:
At the time of writing, the industry has been discussing these issues through the lens of a proposed "data quality label" to be applied to data sets, similar to the nutrition labels found on food packaging. These labels would give an at-a-glance view of the key aspects of any data set to help potential data users make more informed decisions. This would likely be a preliminary step in data assessment with MRC auditing and accreditation still being the ultimate seal of approval for databases used in advertising transactions. It will be interesting to watch the progress of this initiative.
Our appraoch to data at clypd is to enable whatever data sets our clients deem appropriate, operating within contractual and privacy constraints. We enable advanced TV planning and buying using both traditional TV measurement and TV Big Data sources, with consumer data matched to either source. When activating data for our clients, we are mindful of the limitations that any data set may have and are happy to engage in discussion regarding the pros and cons, whether through single client conversations or through theAdvanced Targets Standards Group, an industry group that has laid out guidelines for linear advanced audience deals including data quality considerations.
As the industry evolves, it will be interesting to see how the various alternative data sets develop and whether they will co-exist in an open source way, or whether more walls will be built around data with advertising measurement becoming more fragmented and shadowy.
Given what we have seen with digital, buyers should beware of any lack of transparency, so any discussion about data quality can only be a good thing.
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