The ability to deliver, “provides an understanding of the ability to report accurate campaign impressions and reach by capturing viewership everywhere inventory is distributed across linear, streaming, digital, Video on Demand, Over The Air (yes! Millions still use those bunny ears!), and Out of Home.” See additional attributes below.
As many of us know, the word measurement is fickle if you’re involved in the streaming and TV world, or for just about anyone involved in the media/advertising industry. We all know how incredibly important measurement is, but that word can mean different things to different people.
– Jesse Math, VP, Advanced TV & Video Solutions at Tinuiti
Now that we’ve covered currency, why can’t advertisers just stick with Nielsen to gauge measurement?
If you’d like to learn more about Tinuiti’s streaming services, visit our Streaming+ page for more information. If you’d like to connect with a streaming expert or have additional questions, contact us directly today.
What is currency?
605 is an independent TV viewership, measurement, and attribution company. Differentiators include:
The completeness of solution reflects the core inputs of 11 attributes some including: inventory coverage, ad occurrence data across platforms, IMP definition, de-duplication, use of identity, and more (see additional attributes in the image below). For example:
With responses from 120 companies, and after six months of analyzing and testing their offerings, NBCUniversal created a Measurement Framework V1 that covers every major solution category (see below).
What is “wrong” with Nielsen?
VideoAmp is a media measurement and optimization software company creating a more valuable and data-driven ecosystem that redefines how media is valued, bought, and sold. Differentiators include:
As consumer behavior has shifted and the television landscape expands (traditional, streaming, youtube, CTVs, DVRs, mobile, platforms, etc.), NBCUniversal notes that the TV currency we trade on is lagging far behind. But what does “currency” exactly mean in this space? Let’s break it down.
When a media buy is negotiated between buyers and sellers, generally what is bought is not simply advertising spots. It’s also an audience and ratings guarantee. A currency is the common language that buyers and sellers use to agree on exactly what is being bought and sold, and how buyers and sellers determine that what was bought was delivered.
What kind of measurement alternatives exist?
From there, Nielsen then measures how many households that ad reached, and how many people in those households are “in-demo”. Nielsen then reports back to the buyer and seller how many impressions were delivered in-demo. The agreement between buyer and seller of what demographic will be guaranteed, and what measurement company will verify delivery against that demo, is known as “the currency”.
NBCUniversal poses the question, “why does it just have to be one?” They see a future where companies can choose to adopt multiple, interoperable measurement systems to accurately, effectively, and respectfully measure the modern TV and Streaming landscape as it continuously evolves.
iSpot measures linear and digital video in a unified manner to understand incremental reach over linear, and to measure digital video’s impact on business outcomes compared to linear. Differentiators include:
But which measurement provider is best positioned to tie these huge data sets together and create a currency for today and into the future?
There are many facets to measurement in the TV and streaming industry, but one consistently rises to the top – audience measurement. This is why audience measurement is the first category to be analyzed in this report.
Audience measurement matters more than ever
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. Differentiators include: TVSquared is the largest independent global measurement and attribution platform for converged TV. Differentiators include:
It’s crucial to know all of the measurement solutions that are available and in no place of the marketing universe is measurement more in flux than in the TV landscape. NBCUniversal just released their Measurement Framework Report including 116 pages jam-packed with the results from their recent RFP. In this RFP, they called on every innovator in the TV measurement space to share their capabilities and differentiators.
1. Identity: What identity frameworks are being used, and will they be interoperable?
- The future of measurement rests on a strong foundation of identity. It is the key to better counting, precision, interoperability, and optimization
- It will be critical that identity for measurement lines up with the identity framework for targeting
- Identity and interoperability will be key to whether a measurement solution will be able to drive better efficiency, reduce waste, create better impact results, and eventually demonstrate return on investment
2. Counting: What is the solution actually counting?
- Consider the fundamental difference between counting people and households. Does counting people drive effectiveness in today’s world?
- Technology has made precise targeting possible, therefore “counting” needs reimagination
- Hundreds of thousands if not millions of people would be required in a panel to accurately count the fragmented landscape. Are people-based panels even feasible anymore? Do they drive better effectiveness for advertisers in today’s world?
3. Quality: How does this account for the quality of content?
- Great content is vital and NBCUniversal noted “any new measurement standard needs to account for the quality of content, not only quantity of audiences.”
What were the top contenders evaluated on?
This accreditation loss has created space for alternative currencies to capitalize and yet another reason NBCUniversal put forth an RFP as they were looking for additional options. But what are the options available?
1. Completeness of Solution
They can, but in the grand scheme of the TV landscape, and as new platforms arise seemingly daily, Nielsen’s panel is simply under-representative of the larger demographic of viewers. Their Linear TV data panel includes just 41,600 households which is a fraction of the TV viewership population.
- Can the provider measure all devices to deliver complete IMP and reach reporting?
- Can the provider detect ad occurrences completely, accurately and expeditiously?
- How does the provider create linkages across devices, apps, linear, and streaming to account for a single viewer/HHs activity?
2. Ability to Deliver
“Measurement determines what we value and how we transact on it, how we evaluate impact and even define success. It’s the foundation of trust, and the language of partnership.”