IAB Australia has launched new Advertising Technology Purchase Guidelines to help purchasers of advertising technology maximise their investment in five core pieces of technology critical to effective advertising.
The Advertising Technology Purchase Guidelines, developed by the IAB Executive Technology Council, examine supply side platforms; data management platforms, demand side platforms, verification tools and ad servers; providing simplified top considerations against each area. It aims to empower purchasers of technology by providing them with the key information about each key area of technology and equipping them with questions designed to hold sellers to a high standard of account.
Kamani Krishnan, IAB’s Regulatory Affairs Director who coordinated the project said, “Our aim is to simplify the ‘unknowns’ when it comes to digital advertising technology, so marketers and publishers can feel confident they understand the core purpose and function of each piece of technology through simplified structure and language.” She continued, “If we raise the level of understanding amongst purchasers of ad technology, we can drive better decision making, achieve greater return on investment and improve transparency within the ad tech supply chain.”
The Guidelines include granular information on what to look for when purchasing technology – for example, within the viewability portion of the Ad Verification Technology section there are six considerations that cover things like exposure time, accreditation for mobile in-app viewability, reporting via MRC as well as some customised viewability-metrics. The Guidelines also includes real world examples of how ad technology is used by Lenovo and Carsales.com.au.
“IAB Australia’s Advertising Technology Purchase Guidelines is a must-read for any decision-maker before they invest in ad technology,” said Danielle Uskovic, Head of Digital Lenovo, APAC. Marketers are increasingly tasked with ad tech procurement and it is imperative to be armed with enough knowledge to ask the questions needed to make the right decision.”
Vijay Solanki, CEO of IAB Australia added “By educating the market, we can drive and improve transparency and weed out the minority of poor vendors that remain. We urge all executives in the digital, marketing and media industries to read, digest and use this work in their discussions with technology vendors. The Guidelines are part of IAB’s mission to drive a common language, to increase knowledge and improve trust across the industry.”
The Guideline can be downloaded here. It is the latest in a series of publications designed to improve digital literacy and understanding released by IAB Australia. In the last six months it has launched the Digital Advertising Effectiveness Playbook, the Native Playbook, the Programmatic Playbook, and the Video, Audio, Mobile and Advertising Effectiveness Glossaries.
The IAB have also released a quiz to accompany the Guideline to test marketers knowledge about purchasing advertising technology.
ABOUT THE INTERACTIVE ADVERTISING BUREAU
The Interactive Advertising Bureau (IAB) Limited is the peak trade association for online advertising in Australia and was incorporated in July 2010. As one of over 43 IAB offices globally, and with a rapidly growing membership, IAB Australia's principal objective is to support and enable the media and marketing industry to ensure that they thrive in the digital economy.
The role of the IAB is to work with its members and the broader advertising and marketing industry to assist marketers to identify how best to employ online as part of their marketing strategy, to better target and engage their customers and build their brands.
By addressing the core pillars of growth of the online advertising industry - simplified and standard online audience measurement, research, and online operational standards and guidelines, and regulatory affairs, IAB Australia leverages the skills, experience and commitment of its members to advocate the benefits of online advertising by acting as an authoritative and objective source for all online advertising issues whilst promoting industry-wide best practice.
IAB Australia is a registered not-for-profit organisation; membership fees and revenue generated is invested back into the IAB's membership benefits such as resources, events, reporting, and industry representation.
For further information about IAB Australia please visit: www.iabaustralia.com.au