Math Men: The ad industry shift from tempting to targeting
Along with all the Cyber Monday deals this week, you may have also noticed all the Cyber Monday advertising. It's a day when we seem to be particularly bombarded by the ads that chase us around online to point us to shopping sites and other offers.
These days, feeling swamped by ads is hardly surprising. In 2005 the world spent about $200 billion on advertising. By 2015 that number rose to a staggering $600 billion.
What might be more surprising is just how much advertisers know about us. They're constantly gathering more and more information to try and figure out what we want to buy and when we want to buy it. Advertising today is less about big campaigns and more about big data.
Scott, who was the director, writer, and co-producer of the film, believes this represents a real sea change in advertising. "They're really watching what you're doing all the time, gathering more and more data points and using that to figure out what you might want to buy next."
Scott spoke to many longtime advertising executives who remember the era when advertising was more about 'the big idea'. There was more focus on creative campaigns and storytelling and less on data and research. "There's a lot of frustration in seeing the business arguably devolve into what it is now."
But Scott says he was also reminded by those executives that the field is always changing.
"This is a period in time. And it may well evolve back the other way."