The data management platforms (DMP) is probably the least appealing and most misunderstood tool for online advertising. For starters, think of DMPs as a cross between ad servers and customer
relationship management platforms. With data playing a more vital role in fueling online advertising, marketers will need tools to help manage of data assets. It's nothing new to business in general,
though it may be new to advertising because of the newness of the medium. On Wednesday, BlueKai released a whitepaper on DMPs, explaining the type of products offered, as well as benefits and
"common pitfalls" businesses can expect from such services.
The whitepaper explains what marketers should look for in a good DMP. For example, DMPs with
advanced features should offer tag management, which lets marketers collect and organize audience data in one central repository, and classify data into manageable inventories. Advanced tag management
also should let marketers set up privacy controls and measurement tools to share data, assigning varying rights levels to advertising partners, as well as protecting specific data from being accessed
when companies don't want to share.
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Advanced services also should include audience and advanced segmentation that goes beyond simple targeting to create thousands of relevant groups to reach
consumers with the perfect message at all stages of the purchase funnel. Advertisers should use their own data first before tapping into another company's. A dashboard should allow marketers to
analyze and sort first-party data by taxonomy, segment, campaign, and/or ROI, and then compare it against third-party data.
Then there's media integration, as well as campaign and audience
analytics -- all of which can help advertisers make smarter media-buying and campaign-planning decisions.