Why active attention is critical for unlocking the value of interactive video
By Kerv
Sponsored by KERV
As advertisers seek ways to better engage with their audiences, they are turning to interactive video for open two-way, non-intrusive conversations with their customers.
In another boon to advertisers, this interactive approach to video also equips marketers with insights from consumers’ organic interactions — insights that are especially critical as the attention economy becomes more important, brands work to cut through the advertising clutter, and first-party strategies become increasingly essential.
“For brands, it will forever be about the consumer journey,” said Jay Wolff, Chief Revenue Officer at KERV. “For video, it’s how sight, sound and motion make the consumer feel and drive intent or a feeling for that brand.
“Making video interactive — especially objects and scenes — and measuring and quantifying engagement using interactive data helps an advertiser follow a consumer’s journey with their brand,” he said. “So if a brand wants to think about making video work harder and smarter, they really have to think about the benefits of making video interactive and honing in on authentic actions and attention.”
Organic user actions are creating unique data points for brands
With interactive video, there are multiple opportunities for consumers to hover over or click various objects in a video — whether users are engaged on TV, mobile or desktop. These meaningful, action-based metrics garnered from interactive video allow marketers to tie consumers’ specific actions to ads more effectively — a critical consideration as both brands and consumers tighten their budgets.
“In a questionable economy, a brand is really losing out if they’re not making their video ads or content work harder and smarter,” Wolff explained. “The goal is obviously to reduce waste and make advertising more accountable. Static ads are wasted impressions. Passive metrics are nice to have, but active metrics and active attention are must-haves in the future.”
While economic uncertainty is impacting brands’ strategies as well as consumer spending, data from KERV indicates that consumers are willing to interact with content from brands if it is relevant, personalized and engaging.
For example, in 2022, KERV client data showed that CTR increased by more than 30% year-over-year on holiday retail ads using interactive video technology. Across KERV retail clients, CTR averaged 1.5%. Additionally, across all KERV retail clients, object highlight time — the amount of time a user hovers over an object in an interactive video — increased from 1.75% to 3.5% year-over-year. Among KERV’s largest retail clients, consumers engaged with interactive video tiles at a rate of nearly 7%, up from an average of 3.13% the previous year.
“When a consumer interacts with a shirt, bathing suit, accessory or next-generation computer in a video, that’s a data point that a brand would never have if the video wasn’t interactive,” Wolff said. “We’re seeing action-based metrics drive real, measurable and quantifiable performance metrics for brands.”
Leveraging video insights for optimized and personalized interactive experiences
While organic user actions and metrics show how and where viewers are engaging with interactive video ads, Wolff cautions against overly …read more
Source:: Digiday