IAB Tech Lab integrates DOOH into OpenRTB
IAB Tech Lab has announced that DOOH is now part of Open RTB, the communication protocol that enables real-time bidding
Learn morePosted on: Tuesday 09 February 2021
Talon Outdoor, VIOOH and Knitting Media on why the development of Digital Out-of-Home Glossary is a significant step for the industry
For the first time, the Digital Out-of-Home (DOOH) industry has come together to agree on a set of shared terms across multiple areas, including measurement, programmatic and targeting. Developed by IAB UK’s (DOOH) Advisory Group, the trade body for Out-of-Home (OOH) advertising Outsmart and the industry’s audience measurement body Route, the DOOH Glossary follows significant growth within the DOOH industry over the past few years, with the sector now evolved to a point where ads are increasingly bought programmatically.
But why is this step significant? We speak to members of our DOOH Advisory Group to get their views.
Today, over half of OOH media billings are derived from digital campaigns, whilst the OOH industry now employs the likes of data scientists, project managers, software developers, in addition to the traditional roles of planners, buyers, creatives and strategists. Growth of digital inventory has also been a catalyst for proving effectiveness - driven by improved stand out, larger audiences and greater use of context from clients. In other words, OOH has gotten smarter. And thanks to significant global investment from many landlords and media owners, digitisation and technology is adding to the OOH value proposition to advertisers.
Arguably, 2018 was the year the traditional and longstanding OOH industry finally pivoted towards programmatic. It was also the year that VIOOH launched, demonstrating both the commitment of the larger players such as JCDecaux, and the growing demand for precise targeting, flexible trading and detailed reporting for OOH inventory. Recently, we’re seeing growth come from including programmatic OOH alongside other digital channels for truly omnichannel campaigns. Including DOOH in the programmatic buy enables brands to truly see the impact that DOOH is providing from a broadcast perspective, and how that interplays on individual screens such as mobile and display.
The work the IAB’s DOOH Advisory Group is doing is crucial for making this unique medium accessible, understandable and actionable. With 99% coverage of the UK being enabled by three or four OOH media owners, these open standards also facilitate direct programmatic trading, without the need for third-party SSPs, exchanges and DSPs.
Traditionally, our medium has been very difficult to standardise so it’s an immense achievement to have everyone contribute to this across the board, from tech specialists, media owners, agency specialists and the OOH industry bodies too - with Outsmart and Route also collaborating to agree definitions. Ultimately, the goal for OOH transformation is to streamline OOH by reducing complexities and manual processes. OOH is a complex medium, ultimately our goal is to demystify the industry by creating tools and technologies which adds value, insight and ultimately reduce the barriers to entry for OOH. This guide is one of the steps in the right direction to achieving this.
This is the first step on a longer journey ahead - programmatic DOOH is still in its infancy and has huge potential to deliver valuable results for brands. We’re committed to delivering a standardised approach that supports dynamic content, reactive creative, data-driven triggers and competitive pricing, with transparency. Programmatically traded DOOH is now a serious contender for ad spend – and industry standards make it easier to plan, trade, activate and optimise within an advertiser’s overall campaign.
Take a look at the DOOH Glossary here.
Topics
IAB Tech Lab has announced that DOOH is now part of Open RTB, the communication protocol that enables real-time bidding
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