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Blockboard CEO Matt Wasserlauf Explores the Impact of AI on Ad Performance

July 2, 2024

WIT Strategy

Matt Wasserlauf, CEO of Blockboard, explores the complex role artificial intelligence plays in advertising in his latest article for PDMI’s Results magazine, titled “AI for Advertising Performance Has Arrived.” The piece digs into AI’s potential and pitfalls through both its success stories and cautionary tales.

Wasserlauf references industry expert Dr. Augustine Fou’s critique of Meta’s AI-driven campaigns and contrasts it with Google’s more successful AI-enabled McDonald’s campaign, which achieved an 18% sales lift. However, Wasserlauf argues that such results should be achievable even without AI.

Wasserlauf also discusses Hershey’s AI-powered campaign, which entailed using a curated list of premium publishers on The Trade Desk. He asks why you would need to curate if AI is so effective and answers that the reason is to avoid waste.

“AI in advertising will go in one of two directions for advertisers: really good or really bad,” Wasserlauf said. He warns that the problems will only worsen if AI is deployed without proper safeguards. According to the ANA Supply Chain Transparency Study, there was $22 billion of waste in 2023. Wasserlauf flags that this number could balloon to $22 trillion if AI use in advertising goes unchecked.

Wasserlauf also talks about the challenges that current verification companies face in keeping pace with the evolving fraud and waste landscape. He cites DoubleVerify’s findings of a 23% increase in waste/fraud in an AI-powered ecosystem as a warning.

Wasserlauf also discusses the tremendous value and opportunity AI, specifically generative AI, has to offer advertisers. GenAI’s four petabytes of information can enhance efficiency and mitigate diminishing returns, but he adds another cautionary note (from a conversation with industry veteran Rishad Tobaccowala) that “AI has to have blockchain.” Tobaccowala says this is the key to ensuring data security and provenance.

Blockboard delivers this “power of two” solution with BlockAI, the newest version of its core offering. BlockAI marries the protective quality of blockchain with the accelerating power of AI to create more precise and faster campaign targeting. Wasserlauf closes his piece with a case study Blockboard conducted using BlockAI on a leading national skincare brand’s campaign. The results were astounding. They saw a 54% decrease in CPA and a 217% increase in sales, which led to another of Tobaccowala’s assertions, that “AI is under-hyped.” Wasserlauf agrees that the true potential of AI in advertising is yet to be discovered.

Read the article in its entirety in PDMI’s Results magazine.

Matt Wasserlauf, CEO of Blockboard, explores the complex role artificial intelligence plays in advertising in his latest article for PDMI’s Results magazine, titled “AI for Advertising Performance Has Arrived.” The piece digs into AI’s potential and pitfalls through both its success stories and cautionary tales.

Wasserlauf references industry expert Dr. Augustine Fou’s critique of Meta’s AI-driven campaigns and contrasts it with Google’s more successful AI-enabled McDonald’s campaign, which achieved an 18% sales lift. However, Wasserlauf argues that such results should be achievable even without AI.

Wasserlauf also discusses Hershey’s AI-powered campaign, which entailed using a curated list of premium publishers on The Trade Desk. He asks why you would need to curate if AI is so effective and answers that the reason is to avoid waste.

“AI in advertising will go in one of two directions for advertisers: really good or really bad,” Wasserlauf said. He warns that the problems will only worsen if AI is deployed without proper safeguards. According to the ANA Supply Chain Transparency Study, there was $22 billion of waste in 2023. Wasserlauf flags that this number could balloon to $22 trillion if AI use in advertising goes unchecked.

Wasserlauf also talks about the challenges that current verification companies face in keeping pace with the evolving fraud and waste landscape. He cites DoubleVerify’s findings of a 23% increase in waste/fraud in an AI-powered ecosystem as a warning.

Wasserlauf also discusses the tremendous value and opportunity AI, specifically generative AI, has to offer advertisers. GenAI’s four petabytes of information can enhance efficiency and mitigate diminishing returns, but he adds another cautionary note (from a conversation with industry veteran Rishad Tobaccowala) that “AI has to have blockchain.” Tobaccowala says this is the key to ensuring data security and provenance.

Blockboard delivers this “power of two” solution with BlockAI, the newest version of its core offering. BlockAI marries the protective quality of blockchain with the accelerating power of AI to create more precise and faster campaign targeting. Wasserlauf closes his piece with a case study Blockboard conducted using BlockAI on a leading national skincare brand’s campaign. The results were astounding. They saw a 54% decrease in CPA and a 217% increase in sales, which led to another of Tobaccowala’s assertions, that “AI is under-hyped.” Wasserlauf agrees that the true potential of AI in advertising is yet to be discovered.

Read the article in its entirety in PDMI’s Results magazine.

Matt Wasserlauf, CEO of Blockboard, explores the complex role artificial intelligence plays in advertising in his latest article for PDMI’s Results magazine, titled “AI for Advertising Performance Has Arrived.” The piece digs into AI’s potential and pitfalls through both its success stories and cautionary tales.

Wasserlauf references industry expert Dr. Augustine Fou’s critique of Meta’s AI-driven campaigns and contrasts it with Google’s more successful AI-enabled McDonald’s campaign, which achieved an 18% sales lift. However, Wasserlauf argues that such results should be achievable even without AI.

Wasserlauf also discusses Hershey’s AI-powered campaign, which entailed using a curated list of premium publishers on The Trade Desk. He asks why you would need to curate if AI is so effective and answers that the reason is to avoid waste.

“AI in advertising will go in one of two directions for advertisers: really good or really bad,” Wasserlauf said. He warns that the problems will only worsen if AI is deployed without proper safeguards. According to the ANA Supply Chain Transparency Study, there was $22 billion of waste in 2023. Wasserlauf flags that this number could balloon to $22 trillion if AI use in advertising goes unchecked.

Wasserlauf also talks about the challenges that current verification companies face in keeping pace with the evolving fraud and waste landscape. He cites DoubleVerify’s findings of a 23% increase in waste/fraud in an AI-powered ecosystem as a warning.

Wasserlauf also discusses the tremendous value and opportunity AI, specifically generative AI, has to offer advertisers. GenAI’s four petabytes of information can enhance efficiency and mitigate diminishing returns, but he adds another cautionary note (from a conversation with industry veteran Rishad Tobaccowala) that “AI has to have blockchain.” Tobaccowala says this is the key to ensuring data security and provenance.

Blockboard delivers this “power of two” solution with BlockAI, the newest version of its core offering. BlockAI marries the protective quality of blockchain with the accelerating power of AI to create more precise and faster campaign targeting. Wasserlauf closes his piece with a case study Blockboard conducted using BlockAI on a leading national skincare brand’s campaign. The results were astounding. They saw a 54% decrease in CPA and a 217% increase in sales, which led to another of Tobaccowala’s assertions, that “AI is under-hyped.” Wasserlauf agrees that the true potential of AI in advertising is yet to be discovered.

Read the article in its entirety in PDMI’s Results magazine.

Matt Wasserlauf, CEO of Blockboard, explores the complex role artificial intelligence plays in advertising in his latest article for PDMI’s Results magazine, titled “AI for Advertising Performance Has Arrived.” The piece digs into AI’s potential and pitfalls through both its success stories and cautionary tales.

Wasserlauf references industry expert Dr. Augustine Fou’s critique of Meta’s AI-driven campaigns and contrasts it with Google’s more successful AI-enabled McDonald’s campaign, which achieved an 18% sales lift. However, Wasserlauf argues that such results should be achievable even without AI.

Wasserlauf also discusses Hershey’s AI-powered campaign, which entailed using a curated list of premium publishers on The Trade Desk. He asks why you would need to curate if AI is so effective and answers that the reason is to avoid waste.

“AI in advertising will go in one of two directions for advertisers: really good or really bad,” Wasserlauf said. He warns that the problems will only worsen if AI is deployed without proper safeguards. According to the ANA Supply Chain Transparency Study, there was $22 billion of waste in 2023. Wasserlauf flags that this number could balloon to $22 trillion if AI use in advertising goes unchecked.

Wasserlauf also talks about the challenges that current verification companies face in keeping pace with the evolving fraud and waste landscape. He cites DoubleVerify’s findings of a 23% increase in waste/fraud in an AI-powered ecosystem as a warning.

Wasserlauf also discusses the tremendous value and opportunity AI, specifically generative AI, has to offer advertisers. GenAI’s four petabytes of information can enhance efficiency and mitigate diminishing returns, but he adds another cautionary note (from a conversation with industry veteran Rishad Tobaccowala) that “AI has to have blockchain.” Tobaccowala says this is the key to ensuring data security and provenance.

Blockboard delivers this “power of two” solution with BlockAI, the newest version of its core offering. BlockAI marries the protective quality of blockchain with the accelerating power of AI to create more precise and faster campaign targeting. Wasserlauf closes his piece with a case study Blockboard conducted using BlockAI on a leading national skincare brand’s campaign. The results were astounding. They saw a 54% decrease in CPA and a 217% increase in sales, which led to another of Tobaccowala’s assertions, that “AI is under-hyped.” Wasserlauf agrees that the true potential of AI in advertising is yet to be discovered.

Read the article in its entirety in PDMI’s Results magazine.

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