Attribution: What’s New in 2016?
By Eric Dezendorf, originally posted in Marketing Land.
In 2015 marketing attribution took huge leaps forward. Marketers are now able to understand the incremental value of their marketing on an almost real-time schedule and see placements, campaigns, and channels grouped and recalculated almost on a whim without relying on simple last click metrics. The days of the old attribution model are long gone and in 2016, attribution providers are going to make the next leap towards serving their clients with the fastest, most relevant, and most actionable data towards understanding the impact of their marketing campaigns. Though most of these ideas have been kicked around and explored for awhile, technology has evolved to the point where the points below will become more than just pipe dreams. If your attribution provider isn’t doing some of the following yet, look for your provider to start introducing these enhancements soon.
If you are able to provide your data on a regular daily schedule, it’s possible you’re already receiving these metrics. But if not, expect announcements soon. In my opinion, the next advantage attribution will provide is the ability to provide new data on a daily basis. This will allow end users to update and adjust budgets and placements each and every day to influence marketing programs expertly. Furthermore, these views will be smart enough to show your incremental marketing over the last day, 7 days, or other period you might specify. If you aren’t yet producing a daily feed of your marketing and site activity, you should work on making sure one is set up soon to take advantage of this upgrade.
One of the top-five things I see on many client’s wish lists is to understand the effect of their cross-channel marketing. In 2016, even more will be done to effectively study and communicate the top user paths and assign the proper value of a conversion to each marketing player. Reports will become more robust and interactive, allowing users to easily filter, segment, and digest granular data.
Furthermore, I think 2016 will be the year that mobile attribution takes a huge leap forward. Right now, it’s extremely difficult to follow a user who views a mobile ad but converts from a desktop ad or vice versa. Customers will not only be able to attribute cross-device conversions correctly, but they will also be able understand the cross-pollination impact the two channels have on each other.
Attribution providers are going to begin integrating back into the DSPs they are reporting off of, allowing users to see their attribution data directly alongside their DSP information. It’s a very cool upgrade that will save many hours and headaches for an analyst looking to create reports that include attribution data. DSPs optimize on many more factors than just placements such as time of day, geography, browser, network, creative size and many more. New intrgations will take the value attributed overall to your programmatic buys but then will re-run the attribution again on this segment of value to allocate value correct to the factors that your DSP works from.
As you can see, the world of attribution is going to grow immensely over the next few months, and these are only some of my thoughts. There may be many more exciting innovations in the works that will help you and your company further understand your marketing and make educated choices towards aiming your marketing at the correct audience at the right time.