NEW YORK--(BUSINESS WIRE)--Jun 13, 2023--
EDO, the TV outcomes company, officially launched its latest innovation to increase TV ROI for brand and network advertisers. EDO’s Creative Rotation Optimization™ allows advertisers to optimally reallocate in-flight creative weight with no additional media spend or changes required to their media footprint. The new solution harnesses real-time creative engagement signals to drive campaign performance gains up to 20%, which represent millions of dollars in unlocked business value.
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EDO's Creative Rotation Optimization™ solution showcases brand-level creative performance trends, such as ad creative effectiveness over its lifecycle, weekly wear-in and wear-out statistics, and value created from creative efficacy gains. (Graphic: EDO)
“Advertisers invest millions in TV, and they are reliant on expensive, traditional survey and sentiment research methods to assess creative effectiveness,” said Kevin Krim, President & CEO, EDO. “Most existing creative measurement solutions are costly, slow, and provide results too late or infrequently to make a meaningful impact on TV advertising campaigns. With increasing pressure to make TV advertising as responsive and efficient as digital, Creative Rotation Optimization™ is an innovation that’s long overdue to ensure actionable TV intelligence for in-flight campaign optimization.”
EDO's creative rotation solution showcases brands' creative performance trends, such as ad creative effectiveness over its lifecycle, weekly wear-in and wear-out statistics, and value created from creative efficacy gains. With in-market evaluation, EDO provides clear recommendations on which ad creatives should be retired or receive more investment. The solution also details which ad creatives engage TV viewers across specific publisher platforms, enabling brands to optimize creative investments across distinct media environments.
The University of Phoenix was one of the first advertisers to leverage Creative Rotation Optimization™.
“We have found that a data-driven approach quickly improves our view of real-time engagement and ROI from TV advertising,” said Laura Schmidt, Senior Media Director, University of Phoenix. “By best leveraging our in-market creative and media placements, we look forward to continued growth in the future.”
Most advertisers have historically focused on only media optimization to improve campaigns, as traditional creative analysis lacked the timely quantitative analysis needed to support immediate creative rotation decisions. But with EDO’s inclusion of decision-science methods, creative teams can harness more immediate reads of creative wear-in and wear-out, to drive optimal rotations by capturing the synergies between ad creative and program content.
“Brands can now improve ad performance within their current media footprint with no added budget,” said Laura Grover, SVP, Head of Client Solutions, EDO. “Creative Rotation Optimization™ enables advertisers to identify when ads are hitting their stride, or alternatively, when a campaign’s effectiveness is winding down, unlocking immediate value from creative investments. With marketing budgets under increasing economic pressure, these sorts of solutions are essential to helping marketing dollars go even further.”
About EDO
EDO, Inc. is the TV outcomes company — a leading platform measuring predictive behaviors driven by Convergent TV advertising. By combining real-time engagement signals with world-class decision science, EDO data maximizes creative and media performance. We work with modern marketers at leading brands, TV networks, entertainment studios, and ad agencies. EDO's investment-grade data align advertising investments to business results - with detailed competitive, category, historical, and predictive intelligence. For industry intel, success stories, and top ads, visit EDO.com.
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CONTACT: EDO press contact
KCSA for EDO
edo@kcsa.com
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: CONTENT MARKETING DATA MANAGEMENT OTHER COMMUNICATIONS TECHNOLOGY MARKETING ADVERTISING COMMUNICATIONS GENERAL ENTERTAINMENT PROFESSIONAL SERVICES TV AND RADIO MEDIA SOFTWARE ENTERTAINMENT DIGITAL MARKETING DATA ANALYTICS
SOURCE: EDO
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PUB: 06/13/2023 09:01 AM/DISC: 06/13/2023 09:01 AM
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