I’m going to push back on this. The experiments that had scientific rigor shown that broad ads were only marginally less effective then personalized ones while being way cheeper.
A lot of what you see may be attributing conversion to sales that would happen anyway. Classic examples would be do you use branded search keyowords? Off course you do, despite the body of evidence that it only cannibalize the organic search.
But there are other much more complex mehanics in play. Each sestem takes away more and more control to replace it with “autootymization”, so you truly have no idea to whom and when your ads is shown. Exact keywords are broader then broad “back in a day”. Who knows how google is mixing your ad components, an now AI will dynamically change the ad content and placement using unknown criteria. All this to obscure that what we do is advertisal (?) equivalent showing a pizza ad to people who finished giving their order to the waiter.
Measurable online was here to save us from ineffective offline. Big data was here to save us from innefectove CPC. Algorithms were here to save us from paralism of to much data and now AI is here to save us from all this producing mostly a negative ROI anyway.
I honestly belive we were in the middle of a massive online advertising bubble, that we manage to cover up with even bigger AI bubble.
I’m going to push back on this. The experiments that had scientific rigor shown that broad ads were only marginally less effective then personalized ones while being way cheeper.
A lot of what you see may be attributing conversion to sales that would happen anyway. Classic examples would be do you use branded search keyowords? Off course you do, despite the body of evidence that it only cannibalize the organic search.
But there are other much more complex mehanics in play. Each sestem takes away more and more control to replace it with “autootymization”, so you truly have no idea to whom and when your ads is shown. Exact keywords are broader then broad “back in a day”. Who knows how google is mixing your ad components, an now AI will dynamically change the ad content and placement using unknown criteria. All this to obscure that what we do is advertisal (?) equivalent showing a pizza ad to people who finished giving their order to the waiter.
Measurable online was here to save us from ineffective offline. Big data was here to save us from innefectove CPC. Algorithms were here to save us from paralism of to much data and now AI is here to save us from all this producing mostly a negative ROI anyway.
I honestly belive we were in the middle of a massive online advertising bubble, that we manage to cover up with even bigger AI bubble.
We are fucked.