LoopMe Launches PurchaseLoop Measurement to Analyse Real-Time Brand Lift and Campaign Effectiveness
by on 28th Sep 2021 in News
LoopMe, the leading outcomes-based platform, today (28 September) announced the launch of its standalone measurement solution, PurchaseLoop Measurement, which provides real-time consumer brand lift measurement and analytics. Designed for agencies, brands and publishers to measure media effectiveness throughout the entirety of their campaigns, PurchaseLoop Measurement provides rich and robust brand lift analytics across media channels, including digital (mobile, web), CTV, digital audio and OOH. Derived from the company’s proprietary survey technology that reaches 50 million consumers across the UK, this measurement solution shortens the digital media measurement cycle with scalable, actionable insights across all screens and platforms.
PurchaseLoop Measurement is now available for agencies and brands to apply brand lift measurement across all media partners, and is currently being used by Omnicom Media Group UK (OMG UK), and other agencies in this manner. Prior to this launch, customers could only use LoopMe’s brand lift measurement across its own media delivery. With the introduction of this new capability, agencies can now apply holistic measurement across all media partners.
"Consumer behaviour has changed rapidly over the past 18 months, creating new challenges as brands try to measure whether their advertising is moving the needle," said Chris Swarbrick, Managing Partner - Ad Technology Strategy & Coordination at OMG UK. "LoopMe provides a unique offering that leverages real-time machine learning and artificial intelligence to find consumers where they spend the most time - on their mobile devices - and measures advertising effectiveness across brand metrics in a quick and scalable way, even as the market becomes more fragmented. LoopMe is paving the way for the next wave of brand measurement solutions that secure a true one-to-one connection between brands and consumers."
PurchaseLoop Measurement is also now available to other media partners across digital, CTV, OOH and digital audio/podcasting, to provide campaign effectiveness data where historically it’s been hard to measure. Current customers in those areas include Origin Media, Talon Outdoor, Pixability, Rakuten, Bidtellect. Some clients like the OAAA are using this technology to conduct market research to find first-party insights, while others such as ITN are using the platform to gain deeper insights and analytics on audiences for improving their capabilities for TV reach and impact.
“LoopMe's new PurchaseLoop measurement solution enables Origin to measure the effectiveness of our Native CTV solutions while a client campaign is running, which is incredibly valuable," said Stephen Strong, Co-Founder of Origin. “Better still, with near real-time survey response data and Origin's unique ability to edit, and even change, the native content preceding our client's regular ad, we can proactively determine what the viewer might see next time, thereby vastly elevating the overall impact that brand has."
“Talon’s partnership with LoopMe empowers marketers to accurately measure the business impact of their OOH campaigns, and ultimately make smarter, better-informed decisions about how to optimise their media investments,” said Jonathan Conway, Chief Operating Officer of Talon America. “We look forward to continued collaboration with LoopMe in bringing their new PurchaseLoop Measurement studies to our clients to further prove the efficacy of OOH advertising as an outcomes-based channel, whether it’s driving awareness, favorability, purchase intent, foot traffic or offline sales.”
PurchaseLoop Measurement utilises persistent and concurrent control and exposed methodology, via its proprietary survey technology and audience data, to provide clients with actionable measurement on the impact of their advertising campaigns, in real-time, across previously hard to measure media and formats.
“This is such an exciting time in media measurement as clients demand new ways of evaluating their investments across emerging platforms and media,” says Rob Cukierman, GM of Measurement at LoopMe. “As these new media channels get an increasingly large slice of advertising dollars, it's imperative that new solutions emerge to solve these challenges. PurchaseLoop Measurement addresses many of today’s myriad challenges, and I look forward to continuing to evolve the technology to meet the ever-changing future demands of the industry.”
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