Zvika Netter, CEO of Innovid, says he’s been an “entrepreneur since I was a kid.” He founded his company Innovid in 2007 initially as a nonprofit in order to explore what could be
done with video.
As changes occurred in the competitive landscape, the company soon focused on advancing creative within paid video placements for advertisers, starting with the addition
of interactive (clickable, shoppable) features. Today, Innovid’s platform is device- and buyer-agnostic, and boasts a suite of programmatic, analytics, and viewability solutions.
Charlene Weisler: Why did you shift the focus of your company from technical tools to ads and branding?
Zvika Netter: We had a core idea, which surfaced
from how HTML fundamentally impacted print: e.g., the transformation of newspaper to digital, real-time content via the Web. It put consumers in the driver’s seat and allowed them to consume
content whenever, wherever and however they chose. So as video consumption rose, we knew there was a need to ensure engagement and personalization of this type of content on the Web, especially when
it came to advertising.
Weisler: There is a difference between advertising on YouTube and via programmatic.
Netter: Advertising (should) offer
creative, rich, and relevant experiences. Companies like Roku and Youtube, for example, are managing assets, measuring across screens. We are expanding to ad-serving beyond the ad creative to video
ad-serving, offering everything agencies need to deliver a campaign except media.
Weisler: What metrics do you use?
Netter: We provide a variety of
metrics to help advertisers understand the success of their video campaigns across all devices, and media partners: engagement rate, completion rate, viewability, awareness and so on. We are
also beginning to add metrics that help advertisers directly connect video the marketing funnel, such as purchase intent, brand lift and sales.
Additionally, we can tie in programmatic and
creative metrics from third parties or integrated partners on our platform. We can correlate with viewer intention from interactive ads, where you can engage to see a full movie trailer, for example,
to send a message to a phone or print coupons. In short, we can help promote consumer actions and drive them through the funnel.
Weisler: What about privacy?
Netter: We don’t buy and sell audiences, and we don’t store any data on audiences. We only use third-party data integrations when the advertiser requests it.
Weisler: Do you use segmentations?
Netter: We recently announced our programmatic creative solution to help advertisers connect their existing programmatic
buying strategies with targeted, segmented video content. Essentially, our video platform serves the creative on any device, in real time, fully optimized for both the screen and the audience segment.
This allows us to offer advertisers an addressable component.
For example, an advertiser can use the audience they targeted on TV, then receive detailed information from their DMP about that
audience and change the creative for digital. We use this third-party data to enact hyper-targeting, which can be very timely for promotions and can be tailored to specific locations and
inventory.
Weisler: How do you think the media landscape will look in the next three to five years?
Netter: The next three to five years will see the
most significant revolution in media. More than 80% to 100% of video content will be on the Internet. This will be the key disruption to a 70-year-old industry.
There is a legacy with hard
infrastructure cost that will vaporize. It will be very easy to distribute video on a massive scale, in order to reach consumers on every device, and TV will enable where that behavioral
infrastructure happens at scale. Further, video will no longer be a passive experience, but one where consumers demand an interactive experience, leading to a more profitable e-commerce model
directly from TV.