/ -- Moving Walls is launching 'Freedom', a campaign to empower Indian media owners with audience data and automation tools to digitise their selling processes. The initiative was announced at the Outdoor Advertising Convention (OAC) held at the Renaissance Mumbai Convention Centre, Powai, Mumbai.
India is among the fastest growing out-of-home (OOH) markets in the world with PWC forecasting revenue to reach US$545mn by 2020, growing at a 9.3% CAGR. However, major advertisers have called for the industry to address the need for standard metrics.
Even as the medium is being driven by digital transformation, it still lags behind digital media in terms of providing metrics to help marketers evaluate and improve their campaigns and media spends.
Moving Walls, a Singapore headquartered global advertising technology company with offices in Mumbai and Chennai, runs Moving Audiences, which is a technology stack that provides planning, buying, and ad-serving automation tools to OOH media buyers and sellers. The platform is also integrated into leading digital demand-side platforms.
Connecting Billboard Owners to Outcome-Driven Media Buyers
According to him, "We are equipping every media owner, irrespective of their size or location, with open-source data and automation tools to connect and engage with potential buyers. For media owners who have their own data, there is a crowdsourcing option to submit this truth dataset for review and acceptance. It is time for the industry as a whole to move to audience and outcome-led media sales."
Media buyers echo the same sentiment. According to Rachana Lokhande - CO-CEO of Kinetic Worldwide, "Digitisation will transform OOH advertising by making it significantly more audience-led rather than media-led. With access to audience data, OOH, like any other medium will enable us to measure ROI and restructure and enhance campaign strategies to reach wider audiences. So, I'm very pleased to hear the announcement of the initiative by Moving Walls at this year's OAC."
Common Standards a Must to Move Industry
According to Noomi Mehta, Chairman of Selvel One Group and the only Indian on the board of the World Out-of-Home Organization, "In line with global trends, we are seeing digital brands like Amazon, Ola, Flipkart, and others turning to OOH to grow their business. As media owners, we need to be able to speak their language and provide digital metrics to showcase the value that our medium delivers."
Also on board is Planet Outdoor, a venture of Rajasthan Patrika group and Rajasthan's leading media owner with more than 300 strategically located OOH media options in cities of Rajasthan. According to their Assistant General Manager, "This initiative will drive transparency and amplify the reach of the medium. The Patrika Group is delighted to be one of the first movers."
About Moving Walls (www.movingwalls.com)
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