Robert Grace

6.21.2023

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CANNES LIONS 2023 | A New Age of Measurement

As one of the first major brands to shift spend away from performance marketing, adidas has been on a journey to shift from marketing efficiency to marketing effectiveness.

This was after they stumbled across the fact that they were - by accident - wrongly attributing sales to performance marketing when they discovered that their paid search had been “switched off” in Latin America without them knowing - and nothing happened to traffic or sales.

A startling revelation that set in motion a whole new perspective on where they invest. 

At what has so far been one of the most insightful talks at this year’s Cannes, advertising effectiveness expert Les Binet was joined by economist Dr Grace Kite to talk about the new age of measurement, sharing new data that revealed important insights for any decisions you’re making about your brand:

• The 60/40 split between Brand Building and Sale Promotion holds true. Previous criticisms were that this data was based on effectiveness entries, whereas new data from “normal” campaigns validated this.

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"This focus on efficiency was one of a number of issues that needed sorting at the company in order to drive long-term growth."

• Social media sentiment is a poor predictor of future sales.

• Attribution modelling on search could be up to 2 times OVERstated, whereas TV campaigns up to 10 times UNDERstated.

• Research from Meta themselves puts TV upfront in terms of effectiveness, followed by online video.

• Research from global leader in market research Ipsos, says that taking an unconventional approach to creative results in 40% more viewing time for skippable ads.

They ended on THREE QUESTIONS Google says we need to be asking:

1. INCREMENTALLY: How do we identify true causality?

2. LONG-TERM EFFECTS: How can we measure long-term effects today?

3. UNIFICATION: How can we combine different efforts for greater effect?

 

I suspect there’s no clear cut answer or easy solve.

But what is clear is that we need to be having these conversations, asking more questions and trying new things.

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