Will taming Google and Facebook change the ad landscape?

Will taming Google and Facebook change the ad landscape?

Will taming Google and Facebook change the ad landscape?

In this exclusive MartechAsia, Bench Media CEO, Ori Gold, explains why APAC governments and regulators have not challenged Google’s ad dominance and how the ad landscape will change should giants like Google and Facebook be tamed.

The news of the Australian Competition and Consumer Commission’s calls to curb Google’s use of internet data to sell targeted ads and the US Justice department’s imminent anti-monopoly lawsuit against Google have driven marketers in a frenzy.

MartechAsia caught up with programmatic solutions company Bench Media’s CEO, Ori Gold on Australia’s challenge of Google’s ad dominance. In this interview, Ori shares his insights on how Google’s ad dominance has affected ad tech players and consumers in Australia, US and Asia and why regulators are beginning to consider laws to limit ad dominance by large players like Google and Facebook.

Google dominates Adtech. Now that Australia has challenged Google’s ad dominance, how do you think it will affect Google’s business?

Google has pioneered the ad tech and digital advertising space. Yet their dominance became an area for concern around data privacy for consumers. I am proud of the Australian government for taking the necessary steps towards protecting consumers and businesses.

Google was highlighted mainly due to the increasing regulatory pressure both in Australia and overseas. The company has already made deals with 50 publishers in Australia, and over 500 in the world currently as part of its News Showcase. Google has been signing deals with Seven West Media, Nine, News Corp and in the last few months also with ABC, SBS, The Guardian and other smaller players including Junkee Media. This is a direct effect of the Australian bargaining code and the five-year Australian Competition and Consumer Commission (ACCC) watchdog inquiry into the digital platforms.

The move by Australia is a great start and will allow brands and agencies to examine their ad and marketing channels and platform in a more holistic way. The last thing that a CMO or an agency wants is to put all their eggs in the Google (and Facebook) basket as such a move would be against their strategic interest.

If Google is tamed, how do you think the ad landscape will change? Will it lead to a level playing field?

Though Google has completely disrupted the ad and digital landscape, over the last few years their dominance has had an effect on the pace of innovation and competition for other players in the industry. I expect this to change in the next few years as we’ll see lots of innovation including new areas such as CTV, DOOH and OTT, local media publishers fueling their own first-party data, and the rise of digital and programmatic audio.

How should marketers prepare for the future of ads?

Digital transformation has been a major catalyst for the rapid change in advertising, and we’ve seen a few significant changes. One upcoming change is that companies will begin to incorporate programmatic advertising as part of their growth and marketing strategy.

To make this happen, brands will need better tools and connectivity. When data is moving in real-time to stakeholders, platforms will need to adapt and offer seamless campaign management in order to capitalise on the real-time movement of data to consumers.

The rise in digital consumption is strong. With a strong digital presence, people are also consuming products and services digitally, leading to the booming rise of the e-commerce industry in Asia. As the e-commerce industry grows, so will the need for programmatic advertising, which is already very well established in Asia and will continue to grow rapidly in response to this need.

As such, organisations should begin to assess their marketing and advertising strategies that they currently have in place and ensure they have the right digital tools and infrastructure enabling them to respond to these trends and to take advantage of the various digital and ad technologies available.

 

Read the full interview on the MarTech Asia website.

814 574 Shai Luft

Shai Luft

Shai Luft brings over 25 years of diverse marketing experience to the table, with a focus on fostering growth by leveraging data led marketing strategies. His journey began with roles in senior marketing positions within leading telecommunication companies including TPG, Optus, and Telstra, where he gained valuable insights and honed his strategic thinking. In 2012, Shai co-founded Bench, a digital agency that quickly gained recognition for its quality services. Serving a broad range of clients such as Epson, Nestle, and Panasonic, Bench became known for its digital expertise and global media buying capabilities.. Shai holds a Bachelor of Commerce degree from UNSW, with a specialization in Marketing and International Business.

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SHAI LUFT - CHIEF OPERATING OFFICER Meet Shai Luft, a senior marketing executive with a proven track record of delivering results for Australia’s largest ASX200-listed companies

Chief Operating Officer

Shai Luft

Meet Shai Luft, a senior marketing executive with a proven track record of delivering results for Australia’s largest ASX200-listed companies. Despite his success, Shai was frustrated by the amount of red tape and bureaucracy that held back marketing innovation. That’s why he co-founded Bench in 2012. As the driving force behind Bench’s operations, Shai is committed to empower marketers with the agility and control they need to achieve their best results.

ORI GOLD - CHIEF EXECUTIVE OFFICER An ad tech and martech expert. Driven by the frustration of everyday marketers facing a lack of control and accessibility, Ori co-founded Bench in 2012 to revolutionise the digital advertising landscape.

Chief Executive Officer

Ori Gold

Meet Ori Gold, an ad tech and martech expert. Driven by the frustration of everyday marketers facing a lack of control and accessibility, Ori co-founded Bench in 2012 to revolutionise the digital advertising landscape. Heading the talented and forward-thinking team at Bench, Ori is the driving force behind the company’s strategic and product vision. Thanks to Ori’s leadership, Bench has become one of the most respected and successful digital agencies in Australia.

GENERAL MANAGER LIAM GARRATT Meet Liam Garratt, the creative mind behind Bench’s top-notch products and services. With a career in digital media spanning over a decade, Liam has made a name for himself as a leader in the industry.

General Manager

Liam Garratt

Meet Liam Garratt, the creative mind behind Bench’s top-notch products and services. With a career in digital media spanning over a decade, Liam has made a name for himself as a leader in the industry. He got his start in 2011 working for UK-based programmatic platform Crimtan, where he played a key role in launching the company’s Australian office. In 2017, Liam brought his expertise to Bench, where he now leads the Product & Services functions. Liam is passionate about delivering only the highest quality products and services to Bench’s clients. His commitment to excellence is the foundation of Bench’s stellar reputation.

VP OF GROWTH ANTHONY FARGEOT Meet Anthony Fargeot, the pioneer behind Bench’s growth and success. Joining Bench in its infancy in 2013, Anthony’s experience with high-growth start-ups gave him the skills to help Bench become one of the most successful digital agencies in Australia.

VP of Growth

Anthony Fargeot

Meet Anthony Fargeot, the pioneer behind Bench’s growth and success. Joining Bench in its infancy in 2013, Anthony’s experience with high-growth start-ups gave him the skills to help Bench become one of the most successful digital agencies in Australia. As Head of Client Services and then Director of Operations, Anthony led Bench through its highest growth period. Today, as VP of Growth, Anthony uses his creative thinking and strategic insights to always look for new and innovative ways to help Bench stay ahead of the curve in a rapidly changing digital landscape.