Developments in the attention economy are providing marketers with additional insights on their advertising investments but too much attention is being placed on ad attention metrics in isolation according to IAB Australia’s Ad Attention Measurement Landscape Report.
Offering the largest collation of information and perspectives on ad attention measurement available in the Australian marketplace, the report cuts through the hype to provide balanced information on the emerging techniques for measuring advertising attention, helping marketers explore the various methodologies and identify which will work best for their activity and business scale.
The report highlights emerging evidence on the correlation between higher ad attention and business outcomes, but it concludes that ad attention measurement is not a silver bullet and that marketers still need to use to review a range of metrics to fully understand the holistic impact of their advertising investments.
Based on the insights from the report, IAB Australia has confirmed that it believes that while attention measurement is an important input to understanding advertising impact, it is not yet ready to be treated as an industry standard ‘currency’ due to low levels of understanding of the various methodologies and metrics and no definitive agreement or consistency in the attention metrics being used by respondents.
Prepared by the IAB Ad Effectiveness Council that includes representatives from media owners, data agencies, media agencies, research companies, tech vendors and advertisers, the 53-page report provides an overview of ad attention measurement vendors available in market including full details of their methodologies and metrics, as well as providing a measurement framework template.
It also draws on industry data from a survey of 180 professionals responsible for advertising decisions or measurement to provide insights on the level of knowledge and experience with advertising attention measurement and includes perspectives from both the buy and sell sides of the industry.
Some 82 per cent of ad agencies indicated their intention to measure ad attention of campaigns over the next year, with 55 per cent of agencies saying they know at least a fair amount about the concept. The research found that ad attention measurement is currently mostly used to gain insights for media planning with 64 per cent of agency respondents intending to use ad attention insights for media planning in the next year, with most (76 per cent) using insights from studies published in market by agencies or media owners to inform their media planning.
By contrast, ad attention insights are used by just 30 per cent of agency respondents for ad targeting decisions and 29 per cent for adjusting creative design.
Gai Le Roy, IAB Australia CEO commented: “There are many ingredients needed for effective advertising and the recipe needed for success will differ for every advertiser and every campaign. Measuring how all the pieces of the effectiveness puzzle fit together as well as influence each other is an area ongoing investigation that needs to be constantly reviewed as the ad market, media options, consumer behaviour and the marketing mix constantly evolves.”
Natalie Stanbury, IAB Australia research director said: “The IAB and the Ad Effectiveness Council are excited by the development in the attention space and look forward to a healthy evolution of use of these metrics to help marketers increase the effectiveness of their advertising investment. We encourage brands, agencies, and media owners to start experimenting with ad attention measurement to understand the nuances across brands, format, position, context, and cost.”
IAB’s Ad Effectiveness Council undertakes various activities to provide guidance to the industry on the best methods to assess the impact of marketing activities along with insight and inspiration to help marketers optimise their digital advertising investment.
The Ad Attention Measurement Landscape Report was a collaboration of Council members and participating ad attention measurement vendors. Council members include Aerion, Bench, Carsales, Dentsu, DoubleVerify, Ebay, Experian, Google, IAS, Insighten, Ipsos, Kantar, Lifesight, Meta, Milton Data, Mutiny Group, Nine Entertainment, PHD, Pinterest, Playgroundxyz, Publicis, REA Group, Ryvalmedia, SambaTV, SevenWest Media, Similar Web, TotallyAwesome, Trip Advisor and IAB Australia
Participating ad attention measurement vendors also worked with IAB to share details on their methodologies and approaches including eye-tracking panel measurement vendors: Adelaide, Amplified Intelligence, Eye Square, Lumen and Playground xyz; neuroscience measurement vendor Neuro-Insight; and ad technology measurement vendors Double Verify, IAS and Oracle Advertising.
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