April 18th, 2023 – Article by Mary Layden
Over the past few years, there has been a significant shift in the advertising industry towards digital out-of-home (DOOH) advertising. With the rise of digital technologies, DOOH has become an increasingly popular way for brands to reach and engage with their target audience. As DOOH has become more popular, it has also become more accessible with more and more leading OOH publishers providing access to their inventory through various Demand Side Platforms. As this trend continues, we’re seeing DOOH capturing a bigger share of the total media ad spend.
DOOH Inventory
Whenever new inventory becomes available, brands immediately seek out the most effective placement options to reach their target audiences. This trend is reminiscent of the early days of programmatic display advertising when brands initially invested in inventory without a clear strategic plan, and then gradually refined their approach over time.
However, when it comes to new inventory, it’s important that brands don’t sacrifice targeting and relevance in the rush to activate it. To achieve maximum impact, brands need to take a strategic approach that considers factors such as audience demographics, ad formats, and placement options.
DOOH Planning
The planning phase is critical when launching an effective DOOH campaign, and mobility data is a key factor in selecting and activating the best placements. While OOH publishers already offer packages to group billboards for targeted audiences, DOOH opens up new possibilities.
With mobility data, marketers can gain insights into the physical movements and patterns of their customers and prospects. Data scientists or AI models can then use these insights to determine the best areas to deliver DOOH ads. Locala, for example, has created a planning tool that leverages these insights to activate DOOH panels in the right location at the right time.
Recent data shows that DOOH campaigns activated based on mobility data insights are driving more in-store traffic than OOH campaigns activated at a DMA level. This highlights the importance of leveraging mobility data to optimize DOOH campaigns and drive better results.
Interested in learning more about DOOH with Locala? Get in touch with our team!