In the words attributed to Albert Einstein👅 “Insanity is doing the same thing over and over again and expecting different results.”
Let me explain.
In video ads, marketers have 2 ways to increase effectiveness: optimizing Media and/or optimizing Creative.
End of a Decade-Long Media Obsession
The last decades, the focus has heavily leaned towards media optimization, leading to a division between media and creative teams.
This shift left creative teams frustrated without data to gauge their impact as Media reports provided minimal insights into creative performance.
And since, little progress has been made in understanding which creative elements are most effective.
In its annual Digital Media Summit 2023, LUMA Partners – the leading investment bank focused on digital media and marketing – clearly set the trend and illustrated this gap showing how the most effective way to optimize its media/creative investment is not anymore only in media optimization but massively in data-driven creative optimization.