General Manager at Uber Eats Advertising | Advisor | Investor | Author | P&G Alum | ex-Product at Amazon Ads | AdAge & AMA 40 under 40 | LinkedIn Top Voice
Another Cannes Lions is coming to an end. Here are my top 5 insights: 1️⃣ Retail Media Networks: Who will be the winners? In my experience, successful Retail Media Networks anchor to a marketplace (i.e., sellers willing to buy digital shelf space). While media properties and 1P data are helpful, the key is the marketplace. I’m keen to see if and how the new Finance and Travel Media Networks will succeed. 🤝 2️⃣ AI and Creative Automation: Where to start? Many companies are taking different approaches to this problem: simplification of creative production and adaptation, connection of creative and media data, and pre-flight vs. post-flight creative quality evaluation. An end-to-end creative supply chain management approach, with data and AI as the connective tissue, could be helpful ⚙️ 3️⃣ Modern Measurement: What’s next after MMMs? This question has been around for a while, but for the first time, I’ve started to hear compelling answers. Starting from data—eCom (online) and receipt scan (offline) can provide a full picture across many industries, vendors, and consumers, at scale. Connecting this to media exposure can help us move beyond MMMs to real-time modern measurement ⏱️ 4️⃣ The Power of Digital Out Of Home: Merging digital and physical experiences creates much stronger memory structures for brands. An example? Free pizza in Cannes, late evening. What brand comes to mind? One of the best activations I’ve seen in years, by Uber. Anything to add, Najoh Tita-Reid? Free pizza delivered to one of the top marketing exec in Cannes 🍕🚗 5️⃣ Strategy, Jobs-to-Be-Done (JTBD), Flywheel Effect, and Vertical Stacks: Many companies struggle with similar issues. Where to play? How to win? Start from the actual needs of your customers (JTBD). These will likely be very different by vertical (CPG, B2B, Retail, etc.). Plan your data/supply/tech/partnership tactics accordingly, and ensure each helps spin the flywheel—a synchronized set of initiatives that amplify each other 📝 I’m always keen to chat more about any of the topics above. Feel free to add any other important themes from your Cannes week 🏖️ Comment below if you’d like to get the full 2-pager with a detailed summary of the top 10 insights 👇🏼 #advertising #media #tech #Cannes2024
Thanks for generously sharing your insights of the week Danilo Tauro, PhD - I like 4 and 5 the most.
#5 resonates because in strategy calls this week, repeatedly I hear that businesses don't know why they chose that target audience, if they chose one specifically. Seeking to help them work backwards from their ultimate BHAG, breaking down the campaign efforts they used in the past didn't work because they didn't know "where to play" or "how to win" in their saturated market. Hyper focused is okay, but know your customer, and be sure they would want, can afford, and will value to evangelize your product in the first place, eh, Danilo Tauro, PhD?
Great insights Danilo. I will be watching how your 1st and 4th points converge as DOOH gives RMNs the means to "surround" the consumer from on the way to shop, to going home. Consumer experiences across multiple touchpoints, with coordinated sequential messaging, will be a very powerful way to influence shopping behavior.
Excelent Danilo. I believe the point you bring on post-MMM measurement is important and still a question mark for most of us client-side
#3 is so important and with everything digitally connected, it seems this should be attainable with the right identity resolution strategy to stitch together the different data. Great summary!
love what you are doing - if "free delivery" drives demand, of course people love "free pizza" - well done! I am super curious how well finance and travel networks will work too... there needs to be a commerce intent - data isn't enough to build an ad network.
Great summary, Danilo Tauro, PhD. I especially agree with #3 Modern Measurement. In fact, I'm absolutely counting on it in my next chapter. More to come next week just in time between post-Cannes and EOQ. Would love to see the 2-page version!
Was nice meeting you! Great insights
Danilo Tauro, PhD - Great insights. Especially love your point about the marketplace being key for Retail Media Networks. Curious to see how that plays out with Finance and Travel too.
blogging, developing, entrepreneuring
4wThe other point I chatted about quite a bit was CTV. Though not broadly as before but focused on specific usecases and ineractions with other channels; For example using 1p data from commerce media (retail/ delivery, etc) for audience extention i to CTV, or enriching CTV data with mobile / household signals