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From Mad Men to machines? Big advertisers shift to AI

Inside Retail

Some of the world’s biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say. Media value is the cost of advertising needed to generate the same public exposure.

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Big data. Big future. The next generation of advertising

Inside Retail

Analysing the vast amounts of data from various sources informs strategies to predict trends, personalise content and optimise campaign delivery in real time. And the fast growth of programmatic advertising – the automated buying and selling of digital ad space – is making ad buying more efficient and effective. The post Big data.

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New ways of earning more consumer trust through advertising

Retail Focus

We are now well past the time when consumers went to a single place to source information about a product they were thinking about buying. The post New ways of earning more consumer trust through advertising appeared first on Retail Focus - Retail Design.

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Online florist Meg’s Flowers fined $1 million for misleading customers

Inside Retail

The Australian Competition and Consumer Commission (ACCC) brought Meg’s Flowers to court, noting that the flower shop did not directly maintain any local shopfronts accessible to customers, contrary to its claims in 156 websites and in 7462 Google advertisements.

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A new twist on privacy: planning for a post-cookie world

Inside Retail

There are implications for the advertising industry as it navigates new data privacy and compliance rules: Reliance on third-party cookies has been estimated to lead to a 36-per-cent decrease in measured and reported ROAS. The digital advertising industry is defined by change. Change brings new opportunities.

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“Fed up with being sold to”:  Why influencers are coming under scrutiny

Inside Retail

It will also consider the role of other parties, including advertisers, marketers, brands and social media platforms in facilitating misconduct. There is an onus on both agencies and brands to research the regulations, which is difficult if information is limited and differs from source to source.”

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Harvey Norman to be sued over ‘misleading’ interest-free deals

Inside Retail

ASIC is concerned the advertising did not provide consumers with the full picture, that they could only use the interest-free payment method by applying for and using certain Latitude credit cards,” said Sarah Court, deputy chair at ASIC. Consumers have a right to make informed choices,” said Court.