Marketing term definitions
Programmatic media buying
🎉 THe fun definition:
Programmatic media buying is like letting a hyper-efficient robot shopaholic with laser focus and no caffeine cravings do your ad spending for you. It bids on digital ad space in real time, using algorithms and data to place your ads where they are most likely to cajole humans from their beloved social media scrolls. So, while you're stuck in traffic, it's out there doing negotiations at the speed of light without haggling like your grandma at a yard sale.
🤓 THe nerdy definition:
Programmatic media buying is an automated process of purchasing digital advertising space in real time using sophisticated algorithms and data-driven technology. This approach employs artificial intelligence to optimize ad placements by analyzing audience data, including demographics, online behavior, and browsing patterns, to deliver the most relevant ads to the right users at the optimum time. By automating the buying process, programmatic media buying increases efficiency and reduces human error, ultimately maximizing the ROI of advertising campaigns. Unlike traditional media buying, which often involves direct negotiations and manual processes, programmatic buying streamlines the transaction through digital platforms such as demand-side platforms (DSPs) and supply-side platforms (SSPs), providing greater transparency and control over ad inventory.