Lift in Awareness Correlated with Lift in Consideration According to First Upwave Brand Impact Report
SAN FRANCISCO, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Upwave, the leading analytics platform for brand advertising, today announced findings from its very first Brand Impact Report to help brand advertisers see the latest full-funnel brand performance trends and make informed optimization decisions.
Current State of Full Funnel Brand Campaigns
The headwinds due to data privacy changes, a growing crowded digital marketplace, plus new consumer habits due to the pandemic have caused a number of marketers to shift gears and to embrace a more full funnel marketing approach, according to one report. Additionally, the value of a full funnel marketing strategy presents great value, according to McKinsey. The consulting firm puts forward that, “a thoughtful and data-driven full funnel marketing strategy can drive significant value.” In their viewpoint, McKinsey projects that “marketers can achieve a 15 to 20% lift in marketing ROI.”
Introducing the Upwave Brand Impact Report
The Upave Brand Impact Report’s mission is to shed light on cross-brand and cross-vertical trends, by surfacing findings that can help brand advertisers improve their campaign investments across the path to purchase–including data on how verticals are performing differently, but also what they may be doing differently. The inaugural Brand Impact Report leverages Upwave’s proprietary analytics platform to analyze nearly 1,000 brands across 12 verticals and produced industry specific norms (averages) for each KPI. Upwave combined data across campaigns within each vertical by taking an average of the lift estimates for the overall campaign, weighted by the precision of each lift estimate. Effectively giving more weight to campaigns with larger sample sizes, and thus more precise estimates.
The Main findings from the Brand Impact Report:
“Real-time, full-funnel campaign performance has historically been opaque and siloed. Knowing how and why your own campaigns are moving consumers from awareness to purchase is difficult enough, much less gauging against peers and other verticals. With the Upwave Brand Impact Report, our aim is to provide valuable information to brand marketers to help them with their full funnel campaigns,” said Chris Kelly, CEO and Founder, Upwave.
To download the Upwave Brand Impact Report, visit https://www.upwave.com/fall2022-brand-impact-report/
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