With more than $70 billion of annual television and video spend at stake, the video advertising industry is at an inflection point as market providers have faced serious questions about the accuracy of their measurement and their foundational methodological approach.
Amid these ongoing concerns about TV/Video measurement reliability and accuracy, Comscore, a partner for planning, transacting, and evaluating media across platforms, has published research that reveals how traditional panel-reliant media measurement – which in many instances does not fully account for margins of error or confidence intervals – means that many decisions in media placement are essentially equivalent to tossing a coin.
In a new blog post, Comscore Chief Research Officer Michael Vinson examines the limitations of panel-dependent methodologies and outlines why advertisers who utilise panel derived estimates for planning, programming, or content acquisition strategies need more precise and granular information to properly capture the ROI of their ad spend.
“Comscore is firing the starter pistol on a long-overdue conversation about the need to move beyond panel-based point estimates in media measurement. The relative reliability of measurements and methodologies needs to be a primary consideration when evaluating measurement,” said Michael Vinson, Chief Research Officer, Comscore.
“For a variety of social reasons, the collection of data from human populations using probability samples has become problematic,” said Dr. Charles D. Palit, professor emeritus at the University of Wisconsin and a widely recognised expert in statistical sampling. “Because of this, many statisticians now look for new and better data gathering processes. Comscore’s data system is one such example. The sheer mass of the data driving Comscore’s solutions allows detailed estimates for complex viewing behaviour that would be fiscally prohibitive if attempted on a probability sample. Comscore’s approach to measuring television viewing behaviour produces data which is more robust and valid than the data produced by current probability sampling methodology, and better suited for measuring television in the US than a probability sample.”
“We know that media will never be the same, so neither should its currency. With billions of dollars at stake across the industry and with viewing habits changing rapidly, advertisers should no longer rely on outdated approaches to audience measurement. This is why Comscore has built a currency designed for today’s environment, using passive collection techniques and measuring 1 in every 3 homes in the US to provide more granular and stable viewership for brands and agencies to make more reliable buying decisions,” said Bill Livek, CEO, Comscore.