“Business school professors need to ‘get real’ more often. Publishing work “…read only by a limited number of scholars…[with] often…little to no value to practicing mangers and leaders” won’t maintain our status and pay (J. Byrne in Poets & Quants, 2014). The Journal of Risk Management in Financial Institutions is an antidote we need.”
Using lift-testing to measure the true value of digital marketing in the cross-device world
Click the button below to download the full text of the article.
Abstract: Digital marketing attribution faces a number of challenges as the online landscape evolves. Flaws in last-click models are being exacerbated by the growing move to cross-device usage. With this trend unlikely to change, it is clear that accurate digital marketing measurement requires an understanding of the behaviour of people, rather than devices. This paper presents lift-testing as a methodology that allows for the building and validation of a robust cross-channel digital measurement framework. Examples are provided to show how lift-testing can be used drive more accurate spend decisions than last-click models, as well as how it can be used for both between- and within-channel optimisation. This paper also calls for a shift in mindset within digital marketing analysis to ensure a focus on true incremental impact from both advertisers and publishers.
Keywords: digital marketing, cross-device, lift test, measurement
Dominic Williamson is a marketing attribution specialist and currently a lead in the marketing science team at Facebook. With experience at analysis consultancy dunnhumby, media owner JCDecaux and major digital marketer eBay, he has faced the challenges of marketing measurement from all angles. Originally from Nottingham, his professional journey has taken him to roles in England, Switzerland and California and he now works in New York.