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Improving Media Buying Cycles through Advanced Data Analytics

Rajas Paresh Kshirsagar Paresh Kshirsagar, Venudhar Rao Hajari, Abhishek Tangudu, Raghav Agarwal, Shalu Jain, Aayush Jain , Venudhar Rao Hajari , Abhishek Tangudu , Raghav Agarwal , Shalu Jain , Aayush J

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Abstract

In the rapidly evolving landscape of digital marketing, the efficiency of media buying cycles is crucial for maximizing return on investment. This study explores the application of advanced data analytics to enhance media buying strategies. By leveraging techniques such as predictive analytics, machine learning, and real-time data processing, marketers can gain deeper insights into consumer behavior and media performance. The research highlights the importance of integrating various data sources—such as demographic information, past campaign performance, and market trends—to inform decision-making. Furthermore, the analysis emphasizes the role of advanced analytics in optimizing budget allocation, identifying high-performing channels, and tailoring campaigns to target audiences more effectively. By employing these data-driven approaches, organizations can streamline their media buying processes, reducing cycle times and improving campaign outcomes. This paper also addresses potential challenges in implementing advanced analytics, including data quality issues and the need for skilled personnel. Ultimately, this study advocates for a shift towards a more analytical framework in media buying, underscoring its potential to not only enhance efficiency but also drive innovative marketing strategies. By embracing advanced data analytics, businesses can navigate the complexities of media buying cycles and achieve more impactful results in their advertising efforts. This research contributes to the growing body of knowledge on digital marketing strategies, offering actionable insights for practitioners seeking to improve their media buying efficacy

Copyright

Copyright © 2023 Rajas Paresh Kshirsagar, Venudhar Rao Hajari, Abhishek Tangudu, Raghav Agarwal, Shalu Jain, Aayush Jain . This is an open access article distributed under the Creative Commons Attribution License.

Paper Details
Paper ID: IJPREMS31200000857
ISSN: 2321-9653
Publisher: ijprems
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