41% of Marketers Intimidated by Mobile Programmatic, iotec Finds
Rise of mobile activity sheds light on complexity of growing transparency debate
LONDON (4 October, 2017) – Independent, transparent media buying platform, iotec, today address some of the rising concerns within mobile programmatic advertising through their latest findings, highlighted in their recently fielded research, The Mobile Transparency Report.
According to eMarketer, it’s anticipated that by 2019 mobile media time (29.6%) will surpass TV activity (30.4%). As a result, the increasing use of mobile is an area through which advertisers must pay close attention to, but an emphasis beyond just digital advertising spend is crucial.
In 2016, mobile activity accounted for over 50% of the UK’s digital advertising, amounting to £3.86 billion. With this leap to mobile, advertisers and tech vendors need to think critically about the issues plaguing the ecosystem and how this translates across multiple devices. Therefore, the debates around transparency, ad fraud, viewability, verification and brand safety should be no exception to the increased adoption of mobile.
With this in mind, iotec conducted a survey of 500 UK based marketers to get to the root of the industry’s transparency issues and better understand the challenges and opportunities of mobile programmatic. The survey uncovered that 41% of marketers are intimidated by mobile programmatic, setting the stage for an increased narrative around what the move to programmatic for mobile means within the industry.
Some key findings of the survey include:
Paul Wright, CEO of iotec, says: “Our findings have made it incredibly clear that brand advertisers and tech vendors all need to improve the way our industry works. An open and honest ecosystem with an active commitment to ad fraud prevention stands to benefit us all.”
“That’s why we wanted to conduct this research – we now know that marketers perceive the mobile programmatic landscape to be complex, further exacerbating the issue of transparent actions. After all, how can you work effectively within a system you don’t understand? Therefore, we hope these results and recommendations serve as benchmarks for industry leaders to sign up to and use for themselves and their clients in the future.”
To read more of the findings, or to download the report, please click here.
— END —
NOTES TO EDITORS
iotec’s survey was conducted between August 10 and August 22, 2017 by OnePoll, targeting 500 decision makers within the UK marketing industry.
+44 (0)20 7100 1333
iotec is an independent, transparent media buying platform that harnesses sophisticated machine learning to ensure we deliver the best performance for our customers, while providing clear, actionable insights, media costs and margins.
Founded in 2013 by a team of three data scientists, iotec’s technology was designed and built with transparency at its core and upholds strong business ethics across its culture and operations.
The company accelerated quickly following significant investment from some of the UK’s leading technology and media entrepreneurs. iotec work with clients across, retail, entertainment, travel, finance and pharmaceutical industries.