Being a publisher is a tough gig these days. It’s become a complex world for even the most sophisticated companies. And the curve balls keep coming. Consider just a few of the challenges that face your average publisher today:
- Ad blocking.
- Viewability and measurement.
- Decreasing display rates married with audience migration to mobile with even lower CPMs.
- Maturing traffic growth on O&O sites.
- Pressure to build an audience on social platforms including adding headcount to do so (Snapchat) without any certainty that it will be sufficiently monetizable.
- The sad realization that native ads—last year’s savior!–are inefficient to produce, difficult to scale and are not easily renewable with advertising partners.
The list goes on…
Of course, the biggest opportunity—and challenge–for publishers is video. Nothing shows more promise for publishers from both a user engagement and business perspective than (mobile) video. It’s a simple formula. When users watch more video on a publisher’s site, they are, by definition, more engaged. More video engagement drives better “time spent’ numbers and, of course, higher CPMs.
But the barrier to entry is high, particularly for legacy print publishers. They struggle to convert readers to viewers because creating a consistently high volume of quality video content is expensive and not necessarily a part of their core DNA. Don’t get me wrong. They are certainly creating compelling video, but they have not yet been able to produce it at enough scale to satisfy their audiences. At the other end of the spectrum, video-centric publishers like TV networks that live and breathe video run out of inventory on a continuous basis.
The combined result of publishers’ challenge of keeping up with the consumer demand for quality video is a collective dearth of quality video supply in the market. To put it in culinary terms, premium publishers would sell more donuts if they could, but they just can’t bake enough to satisfy the demand.
So how can you make more donuts?
Trust and empower the user!
Rise of Artificial Intelligence
The majority of the buzz at CES this year was about Artificial Intelligence and Machine Learning. The potential for Amazon’s Alexa to enhance the home experience was the shining example of this. In speaking with several seasoned media executives about the AI/machine learning phenomenon, however, I heard a common refrain: “The stuff is cool, but I’m not seeing any real applications for my business yet.” Everyone is pining to figure out a way to unlock user preferences through machine learning in practical ways that they can scale and monetize for their businesses. It is truly the new Holy Grail.
That’s why we at InfiniGraph are so excited about our product KRAKEN. KRAKEN has an immediate and profound impact on video publishing. KRAKEN lets users curate the thumbnails publishers serve and optimizes towards user preference through machine learning in real time. The result?: KRAKEN increases click-to-play rates by 30% on average resulting in the corresponding additional inventory and revenues.
It is a revolutionary application of machine learning that, in execution, makes a one-way, dictatorial publishing style an instant relic. With KRAKEN, the users literally collaborate with the publisher on what images they find most engaging. KRAKEN actually helps you, the publisher, become more responsive to your audience. It’s a better experience and outcome for everyone.
In a world of cool gadgets and futuristic musings, KRAKEN works today in tangible and measurable ways to improve your engagement with your audience. Most importantly, KRAKEN accomplishes this with your current video assets. No disruptive change to your publishing flow. No need to add resources to create more video. Just a machine learning tool that maximizes your video footprint.
In essence, you don’t need to make more donuts. You simply get to serve more of them to your audience. And, KRAKEN does that for you!
For more information about InfiniGraph, you can contact me at email@example.com or read my last blog post AdTech? Think “User Tech” For a Better Video Experience