Marketers who rely on programmatic ad buying may have to update their technology sooner rather than later. Last week, the Interactive Advertising Bureau (IAB) Tech Lab released its OpenRTB 3.0 spec for public comment. The spec is intended to overhaul the underlying technologies that empower programmatic ad exchanges.
OpenRTB 3.0 is not backward compatible, which means that ad buying and ad targeting platforms will have to rewrite their code if they wish to comply with the new standard. The spec’s timeline isn’t officially set, but OpenRTB 3.0 could go into effect in 2019.
Another common obstacle preventing innovation in marketing is data silos. Marketers are making some progress on this front, however.
Just 17% of the 104 US digital media buyers Centro and Forrester Consulting surveyed in May said their direct and programmatic sales teams have fully converged. But three-fourths of respondents said they’re starting to unify them.