Smart marketers know when to trust their gut. They also know it takes more than a few gut feelings or arbitrary consumer sentiments to create a campaign that really moves the needle and drives ROI. To create truly effective advertising, you need equal parts art and science.
Enter objective data—the science—or key ingredient that can make or break an advertising campaign.
Objective data is information that is measurable, quantifiable, and based on factual evidence. In advertising, this means marketers can track deeper insights beyond consumers’ subjective opinions or gut feelings.
Here, we explore why objective data matters in measuring advertising effectiveness and how it empowers advertisers to make smarter, data-driven decisions.
Accuracy and precision
With so much data at a marketer’s fingertips, objective data cuts through noise and gives a more accurate read on how consumers respond to campaigns, messaging, and more.
For example, you could ask a group of 10 people how they feel about a brand, and get a different answer every time—especially if there’s an incentive to respond. But calculate the cost per action on that group of 10 people—and no matter who does the calculations—the result is the same every time. This is the beauty of objective data: it’s based in fact, calculable, and measurable.
Marketers need a strong north star to measure success; objective data shows, with accuracy, what works and what doesn’t. It provides accurate and precise metrics, allowing marketers to quantitatively evaluate the impact of their advertising efforts. Metrics like click-through rates, conversion rates, and impressions provide tangible data points that enable marketers to gauge the success of their campaigns with greater certainty.
To understand how target audiences interact with ads, marketers have moved beyond outdated methods (like sentiment surveys and focus groups) that result in subjective data. Although subjective data can play a role in helping marketers understand their consumers’ feelings and opinions, they can round out consumer engagement efforts with objective data.
Objective data offers data-driven insights into consumer behavior, preferences, and engagement patterns. By analyzing this data, marketers can identify which ads and platforms are driving the most significant results, enabling them to focus their resources on the most effective strategies and channels.
And speaking of effective strategies…Specific objective data points like demographics, purchase history, and online interactions, give marketers the information needed to tailor campaigns for specific audiences, leading to more personalized and relevant advertising.
For example, a beauty brand can use objective data to identify popular trends among their target demographic and create targeted campaigns featuring products and messaging that align with those trends, increasing the likelihood of consumer engagements and conversion.
Marketers are under pressure to deliver outcomes with razor sharp margins—every dollar counts. To effectively measure the success of their advertising efforts, marketers need the power of objective data.
Objective data facilitates performance comparison across different advertising campaigns, platforms, or time periods. Marketers can assess which ads outperform others, understand what elements resonate most with their target audience, and make informed decisions to optimize future campaigns for better outcomes.
In combination, the benefits of objective data empower marketers to make evidence-based decisions, refine their targeting strategies and achieve greater success in engaging their target audience and achieving their campaign objectives.
How does Attain Platform help marketers measure outcomes with objective data?
As the largest permissioned purchase panel in the U.S., tracking over $500 million of purchase data every day, Attain Platform helps marketers measure, optimize, and prove advertising outcomes.
Commerce data on all verticals, retailers, and purchase touchpoints
Maximize visibility into campaign performance with a single source of truth across verticals, retailers and channels. Attain Platform provides historical and real-time merchant and product-level spending behavior on millions of consumers and billions of transactions.
Real-time attribution, faster optimizations
Measure campaign performance with Attain Platform based on real sales data, and access return on ad spend (ROAS) and conversion rate reporting during a campaign, not after.
Attain’s commerce data helps marketers understand who converted, provide strategic direction for real-time optimizations and future campaign strategies, and uncover new opportunities for audience segmentation.
Deep insights on who’s converted
Attain’s Converter Insights allows marketers to analyze valuable first-party data points like age, gender, race, ethnicity and more to validate if a campaign is reaching its intended audience. With Converter Insights, marketers can decide whether to optimize their strategy by identifying the most effective channels, campaigns and messages—or start fresh by building a new segment.
Attain Platform is designed to help marketers maximize, measure, and prove outcomes using real sales data. Ready to get started? Contact us today.