Big data is back! I worked at an agency during the first round of "big data." Now, AI is making it easier to access and understand vast amounts of data. AI is also making data quality more important to agencies and brands that are looking to target customers more efficiently and effectively with their advertising. When an acquisition has the potential to bring AI and data together, it could "provide an increased understanding of consumer behavior and preference, allowing for more precise strategies to resonate with target audiences. The key question remains, will the roster of agencies, who often maintain some independence, have access to the AI capabilities necessary to leverage this data. Will they merge the data and tech capabilities to drive efficiency and effectiveness for clients?” Thanks to Marty Swant at Digiday for including my thoughts. Check out the full article here. #AI #GartnerMTKG #Gartner #CMO #Advertising #Data #Agency
Omnicom’s plan to acquire Interpublic Group (IPG) is a long way from being finalized. However, the combined company could help the holding companies make — and benefit from — larger AI investments. On a Monday call with investors about the deal, executives from both companies mentioned ways the merged company could benefit from combining resources. Omnicom CEO John Wren said businesses need to continue investments to “stay on the cutting edge” adding both clients – and agency employees – will benefit from investing more into AI efforts. In this piece by Marty Swant, we speak to Nicole (Denman) Greene of Gartner, Jeremy Fain of Cognitiv, and Brian Mandelbaum of Attain.
Thank you for sharing!