Inuvo Announces AI-Based Media Mix Modeling Solution for Probablistic, Cookieless Attribution
LITTLE ROCK, Ark., May 24, 2023 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE American: INUV), provider of the first generative artificial intelligence (AI) advertising solution made specifically for brands and agencies, today launched a Media Mix Modeling technology as part of its IntentKey® suite of AI solutions. The IntentKey can now predict, based on historical spend and performance, the optimal mix of media for any given budget, across channels, without using consumer tracking IDs. Inuvo’s solution has been in beta for almost 24 months and is now available to clients and prospects.
Richard Howe, CEO of Inuvo, stated, “As the ability to identify and track consumers becomes increasingly difficult, the two biggest challenges for marketers are: how to find and target audiences and how to confidently determine budget across media channels. Inuvo’s generative IntentKey AI has solved the first of these challenges and has now been complemented by machine learning technology to solve the second.”
Mr. Howe continued, “As the number of marketing channels increases, so does the challenge of effectively capitalizing on advertising supply and demand economics across those channels. Marketers need to know how to predictively turn the spend amounts up or down, in any given period, across all the channels they use. This reality is further complicated by each channels’ motivation to overweight its own contribution to the consumers conversion.”
“CMOs are in a unique position. The foundation of everything they have historically used to find, target, track, and attribute a conversion is changing. By using the most advanced combination of machine learning technologies, IntentKey can now, with great confidence, predict the optimal spend across online and offline channels without requiring any consumer tracking methods. This predictive media mix modeling technology empowers CMOs by eliminating the need for biased, individual channel metrics. Instead, it focuses on the overall contributions of channels throughout the entire purchase process, safeguarding CMOs from the drawbacks of cookie deprecation,” Mr. Howe concluded.
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