2. Cross Platform : measuring granular
media impact to drive sales growth
CIJU NAIR
VP Analytic Consulting
Millward Brown
@cijutr
SATYA MENON
Chief Scientist
Millward Brown
@satya_menon
3. Marketers live in the world where…
MARKET DIVERSITY
MEDIA FRAGMENTATION
MULTIPLE BRANDS & VARIANTS
SALES vs. BRAND BUILDING
4. How do we manage these most efficiently for best business returns ?
Spend
on
Variant A
We need
to build
the Brand
Invest
in TV vs
Digital
Market X is
biggest, needs
most
investment
How does
Variant B
benefit from
A
5. Modeling Approaches
TOP DOWN APPROACH
• Nested Dynamic Bayesian Models
• Vector Auto Regressive Models
BOTTOM UP APPROACH
• Agent Based Modeling
MEDIA SILOED APPROACH
• Digital Attribution Modeling
6. Top Down Approach Bottom Up Approach
Historical analysis with granularity
teased out of the top-down model
Consumer level framework of how
consumers make purchase
decisions based on consumer
behavior
Sales
Media
Trade
Activity
Sampling
TV Radio Digital
Input Media Consumption,
U&A data, etc.
Defining Demographics
# of hours each media is
consumed + other
information
# of hours each media is
consumed + other
information
Targeting
based on
Media
/Marketing
Activity
Sales Sales
Sales Prediction Agent based Targeting
Contributiondueto-
9. Trade Activity
8.8%
Owned
Media
2.4%
Samplin
g
3.7%
Events &
Sponsorship
11.9%
Competitor
Trade**
-4.5%
Collegiate
Marketing
1.7%
Paid Media
8.0%
Web
TV
1.0%
Radio
1.8%
Online
Display
1.4%
Online
Social
0.4%
OO
H
0.1
%
Cinem
a
1.2%
TPR
-0.2%
Distribution
-4.3%
On-
Premise
4.1%
Faceboo
k
1.4%
Organic
Search
2.6%
Twitter
0.3%
Total Folder
4.4%
TPR
1.8%
Total
Display
2.6%
Culture
2.3%
Sports
2.1%
Brand
Buildin
g
1.4%
Opinio
n
Leader
s 1.6%
Internatio
nal Series
2.1%
YouTu
be
1.5%
RB.COM
0.9%
WORB
0.5%
MOTO
0.7% Athlet
es
0.9%
F1
0.7%
Flanker
0.1%
Launches
.4%
Monster /
Burn
-1.1%
Red Bull
Launche
s
0.7%
Incremental
Sales
36%
Base Sales
64%
Earned
Media
4.3%
Carto
on
1.5%
Most analysis tells us the ‘Total contributions’
from a particular Marketing element
11. DYNAMIC BAYESIAN
MODELS
CAPTURES IMPACT WITH A GOOD
DEGREE OF SENSITIVITY
HYPERCUBE
CASCADES THE CONTRIBUTIONS TO
MORE GRANULAR MARKETING
ACTIVITY
The Idea….
Sales
impact
measured
at weekly
level
Uses activity levels to
inform on performance
at a granular level
Medium
Low High
13. Granular inputs provide more actionable insights
COPY
LENGTH
PROGRAM
DAY PART
CREATIVE
STYLE
NETWORK
FORMAT
Decisions on copy length
@ what day part
format + program +
network
creative style +
program
copy length + format
+ day part +
network
21. Why does this work?
• Holistic approach that allows to compare ROIs of all marketing
activity at granular level for better decisions
• More tractability and managerial relevance than other approaches
that requires many models, constraints and reconciliation
• Dynamic weekly coefficients for all marketing drivers
• Annual activity summaries could be flawed, granular
imputations more accurate
Key Benefits
23. Display Promotion Feature FSI Circular e-circular
Events
Sampling
Trade Activity
TV
Digital
Enables MMM to now allocate from Macro
to Micro level
Sports Culture Movies Brand Building Sponsorship
Channel
1
Channel
2Campaign 1 60s 30sCampaign 2
Current Mix
Optimized Mix
Google BingSearch Display TestMobile
Offseason Season3rd party National Local1-1