TikToks latest machine learning ad solutions are proof that the platform wants to automate as much of its advertising as possible.
The product, dubbed Performance Automation, was announced at the platforms fourth annual TikTok World product summit today its first official summit since Biden signed the TikTok divest or sell bill last month, and subsequently the entertainment app took the U.S. government to court to appeal.
Its safe to say TikTok wants advertisers to believe its not entertaining the idea of being booted out of the U.S. anytime soon. If that wasnt already obvious during its NewFront earlier this month, this latest announcement makes it clearer that its business as usual for the platform right now. Or at least trying to make it as clear as possible that advertisers can park their contingency plans and keep spending on TikTok.
TikTok is actively working to keep marketers engaged and on the platform despite the legislative challenges, said Traci Asbury, social investment lead at Goodway Group. They [TikTok] have complete confidence in their upcoming legal appeals and are actively encouraging marketers to keep adopting best practices and usage of the platforms capabilities to make positive impacts on their businesses.
Well, you probably already know about TikToks Smart Performance Campaign, which was launched last year. The campaign uses semi-automation capabilities including auto-targeting, auto-bidding and auto-creative.
But Performance Automation, which is still in early testing, goes one step further, by automating more of the process, including the creative. With this campaign, advertisers input the necessary assets, budget and goals, and TikToks predictive AI and machine learning will select the best creative asset, to ensure the best campaign is put in front of the right customer at the right time. As a TikTok spokesperson confirmed, the platform is moving toward a performance automation vision and this latest product is the next step on that journey.
And thats not all. The platform has also launched a similar capability for its TikTok Shop, dubbed TikTok Shop Marketing Automation. Like Performance Automation, this works by automating bidding, budgeting, ad management and creative for TikTok Shop products. Since TikTok Shop is only available in select regions, this latest product is currently rolled out in South-East Asia, and in testing in the U.S.
Ohio-based health and wellness brand Triquetra Health is one of those early testers. According to Adolfo Fernandez, global product strategy and operations at TikTok, the brand already achieved 4x their return on investment in TikTok Shop within the first month of using this new automation product, and increased sales on the platform by 136%. He did not provide exact figures.
To be clear, Performance Automation and TikTok Shop Marketing Automation arent their official names. These are just temporary identities the platform is using until they roll out the products officially.
Still, all sounds familiar? Thats because it is. Performance Automation is similar to what the other tech giants have been doing for a while now, and what TikTok started to dabble in with its Smart Performance Campaign last year. Think Googles Performance Max, Metas Advantage+ and now even Amazons Performance+ they all play a similar role for their respective platforms. TikTok just joining the pack simply confirms that automation is the direction that advertising as an industry is heading.
In many ways, this was inevitable. Meta, Google et al have amassed billions of ad dollars over the years by making it as easy as possible for marketers to spend on their ads. From programmatic bidders to attribution tools, the platforms have tried to give marketers fewer reasons to spend elsewhere. Machine learning technologies that essentially oversee campaigns are the latest manifestation of this. Sooner or later TikTok was always going to make a move.
Still, there are concerns aplenty over how these technologies work they are, after all, the ultimate set it and forget it type of campaign. Marketers hand over the assets and data they want the platform to work with, and the technology takes it from there. Thats it. Marketers have no way of knowing whether these campaigns are doing what the platform says theyre doing because theyre unable to have them independently verified. It remains to be seen whether TikToks own effort will take a similar stance or break with tradition.
Speaking of measurement, TikTok is also launching unified lift a new product which measures TikTok campaign performance across the entire decision journey, using brand and conversion lift studies. KFC Germany has already tried it out and drove a 25% increase in brand recall and saw an 81% increase in app installs, according to Fernandez, without providing exact figures.
Among the other announcements were:
Well for now, nothing much has changed. Marketers have contingency plans in place, but thats just standard business practice. Beyond that, everything as far as TikTok goes is pretty much business as usual.
Colleen Fielder, group vp of social and partner marketing solutions at Basis Technologies said her team is not actively recommending any of their clients discontinue spending on TikTok. Theyre continuing to include the platform on proposals.
We knew TikTok was going to sue the U.S. government, and that may push this 9-12 month timeline even further back, which gives us a longer lead time to continue running on TikTok and / or identify alternative platforms as needed, she said.
For Markacy, its a similar state of play. We have a loose partnership with digital media company Attn, which is heavily invested in TikTok, said Tucker Matheson, co-CEO of the company. Theyre still getting big proposals for work, which is a positive sign.
See the article here:
TikTok moves toward 'performance automation vision' with latest machine learning ad tools - Digiday
- Are We Overly Infatuated With Deep Learning? - Forbes [Last Updated On: August 18th, 2024] [Originally Added On: December 28th, 2019]
- CMSWire's Top 10 AI and Machine Learning Articles of 2019 - CMSWire [Last Updated On: August 18th, 2024] [Originally Added On: December 28th, 2019]
- Can machine learning take over the role of investors? - TechHQ [Last Updated On: August 18th, 2024] [Originally Added On: December 28th, 2019]
- Pear Therapeutics Expands Pipeline with Machine Learning, Digital Therapeutic and Digital Biomarker Technologies - Business Wire [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- Dell's Latitude 9510 shakes up corporate laptops with 5G, machine learning, and thin bezels - PCWorld [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- Limits of machine learning - Deccan Herald [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- Forget Machine Learning, Constraint Solvers are What the Enterprise Needs - - RTInsights [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- Tiny Machine Learning On The Attiny85 - Hackaday [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- Finally, a good use for AI: Machine-learning tool guesstimates how well your code will run on a CPU core - The Register [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- How Will Your Hotel Property Use Machine Learning in 2020 and Beyond? | - Hotel Technology News [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- Technology Trends to Keep an Eye on in 2020 - Built In Chicago [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- AI and machine learning trends to look toward in 2020 - Healthcare IT News [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- The 4 Hottest Trends in Data Science for 2020 - Machine Learning Times - machine learning & data science news - The Predictive Analytics Times [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- The Problem with Hiring Algorithms - Machine Learning Times - machine learning & data science news - The Predictive Analytics Times [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- Going Beyond Machine Learning To Machine Reasoning - Forbes [Last Updated On: August 18th, 2024] [Originally Added On: January 11th, 2020]
- Doctor's Hospital focused on incorporation of AI and machine learning - EyeWitness News [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Being human in the age of Artificial Intelligence - Deccan Herald [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Raleys Drive To Be Different Gets an Assist From Machine Learning - Winsight Grocery Business [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Break into the field of AI and Machine Learning with the help of this training - Boing Boing [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- BlackBerry combines AI and machine learning to create connected fleet security solution - Fleet Owner [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- What is the role of machine learning in industry? - Engineer Live [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Seton Hall Announces New Courses in Text Mining and Machine Learning - Seton Hall University News & Events [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Christiana Care offers tips to 'personalize the black box' of machine learning - Healthcare IT News [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Leveraging AI and Machine Learning to Advance Interoperability in Healthcare - - HIT Consultant [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Essential AI & Machine Learning Certification Training Bundle Is Available For A Limited Time 93% Discount Offer Avail Now - Wccftech [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Educate Yourself on Machine Learning at this Las Vegas Event - Small Business Trends [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- 2020: The year of seeing clearly on AI and machine learning - ZDNet [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- How machine learning and automation can modernize the network edge - SiliconANGLE [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Five Reasons to Go to Machine Learning Week 2020 - Machine Learning Times - machine learning & data science news - The Predictive Analytics Times [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Don't want a robot stealing your job? Take a course on AI and machine learning. - Mashable [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Adventures With Artificial Intelligence and Machine Learning - Toolbox [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Optimising Utilisation Forecasting with AI and Machine Learning - Gigabit Magazine - Technology News, Magazine and Website [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Machine Learning: Higher Performance Analytics for Lower ... [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Machine Learning Definition [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Machine Learning Market Size Worth $96.7 Billion by 2025 ... [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Difference between AI, Machine Learning and Deep Learning [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Machine Learning in Human Resources Applications and ... [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Pricing - Machine Learning | Microsoft Azure [Last Updated On: August 18th, 2024] [Originally Added On: January 19th, 2020]
- Looking at the most significant benefits of machine learning for software testing - The Burn-In [Last Updated On: August 18th, 2024] [Originally Added On: January 22nd, 2020]
- New York Institute of Finance and Google Cloud Launch A Machine Learning for Trading Specialization on Coursera - PR Web [Last Updated On: August 18th, 2024] [Originally Added On: January 22nd, 2020]
- Uncover the Possibilities of AI and Machine Learning With This Bundle - Interesting Engineering [Last Updated On: August 18th, 2024] [Originally Added On: January 22nd, 2020]
- Red Hat Survey Shows Hybrid Cloud, AI and Machine Learning are the Focus of Enterprises - Computer Business Review [Last Updated On: August 18th, 2024] [Originally Added On: January 22nd, 2020]
- Machine learning - Wikipedia [Last Updated On: August 18th, 2024] [Originally Added On: January 22nd, 2020]
- Vectorspace AI Datasets are Now Available to Power Machine Learning (ML) and Artificial Intelligence (AI) Systems in Collaboration with Elastic -... [Last Updated On: August 18th, 2024] [Originally Added On: January 22nd, 2020]
- Learning that Targets Millennial and Generation Z - HR Exchange Network [Last Updated On: August 18th, 2024] [Originally Added On: January 23rd, 2020]
- Machine learning and eco-consciousness key business trends in 2020 - Finfeed [Last Updated On: August 18th, 2024] [Originally Added On: January 24th, 2020]
- Jenkins Creator Launches Startup To Speed Software Testing with Machine Learning -- ADTmag - ADT Magazine [Last Updated On: August 18th, 2024] [Originally Added On: January 24th, 2020]
- Research report investigates the Global Machine Learning In Finance Market 2019-2025 - WhaTech Technology and Markets News [Last Updated On: August 18th, 2024] [Originally Added On: January 25th, 2020]
- Expert: Don't overlook security in rush to adopt AI - The Winchester Star [Last Updated On: August 18th, 2024] [Originally Added On: January 25th, 2020]
- Federated machine learning is coming - here's the questions we should be asking - Diginomica [Last Updated On: August 18th, 2024] [Originally Added On: January 25th, 2020]
- I Know Some Algorithms Are Biased--because I Created One - Scientific American [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- Iguazio Deployed by Payoneer to Prevent Fraud with Real-time Machine Learning - Business Wire [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- Want To Be AI-First? You Need To Be Data-First. - Forbes [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- How Machine Learning Will Lead to Better Maps - Popular Mechanics [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- Technologies of the future, but where are AI and ML headed to? - YourStory [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- In Coronavirus Response, AI is Becoming a Useful Tool in a Global Outbreak - Machine Learning Times - machine learning & data science news - The... [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- This tech firm used AI & machine learning to predict Coronavirus outbreak; warned people about danger zones - Economic Times [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- 3 books to get started on data science and machine learning - TechTalks [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- JP Morgan expands dive into machine learning with new London research centre - The TRADE News [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- Euro machine learning startup plans NYC rental platform, the punch list goes digital & other proptech news - The Real Deal [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- The ML Times Is Growing A Letter from the New Editor in Chief - Machine Learning Times - machine learning & data science news - The Predictive... [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- Top Machine Learning Services in the Cloud - Datamation [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- Combating the coronavirus with Twitter, data mining, and machine learning - TechRepublic [Last Updated On: August 18th, 2024] [Originally Added On: February 1st, 2020]
- Itiviti Partners With AI Innovator Imandra to Integrate Machine Learning Into Client Onboarding and Testing Tools - PRNewswire [Last Updated On: August 18th, 2024] [Originally Added On: February 2nd, 2020]
- Iguazio Deployed by Payoneer to Prevent Fraud with Real-time Machine Learning - Yahoo Finance [Last Updated On: August 18th, 2024] [Originally Added On: February 2nd, 2020]
- ScoreSense Leverages Machine Learning to Take Its Customer Experience to the Next Level - Yahoo Finance [Last Updated On: August 18th, 2024] [Originally Added On: February 2nd, 2020]
- How Machine Learning Is Changing The Future Of Fiber Optics - DesignNews [Last Updated On: August 18th, 2024] [Originally Added On: February 2nd, 2020]
- How to handle the unexpected in conversational AI - ITProPortal [Last Updated On: August 18th, 2024] [Originally Added On: February 5th, 2020]
- SwRI, SMU fund SPARKS program to explore collaborative research and apply machine learning to industry problems - TechStartups.com [Last Updated On: August 18th, 2024] [Originally Added On: February 5th, 2020]
- Reinforcement Learning (RL) Market Report & Framework, 2020: An Introduction to the Technology - Yahoo Finance [Last Updated On: August 18th, 2024] [Originally Added On: February 5th, 2020]
- ValleyML Is Launching a Series of 3 Unique AI Expo Events Focused on Hardware, Enterprise and Robotics in Silicon Valley - AiThority [Last Updated On: August 18th, 2024] [Originally Added On: February 5th, 2020]
- REPLY: European Central Bank Explores the Possibilities of Machine Learning With a Coding Marathon Organised by Reply - Business Wire [Last Updated On: August 18th, 2024] [Originally Added On: February 5th, 2020]
- VUniverse Named One of Five Finalists for SXSW Innovation Awards: AI & Machine Learning Category - PRNewswire [Last Updated On: August 18th, 2024] [Originally Added On: February 5th, 2020]
- AI, machine learning, robots, and marketing tech coming to a store near you - TechRepublic [Last Updated On: August 18th, 2024] [Originally Added On: February 5th, 2020]
- Putting the Humanity Back Into Technology: 10 Skills to Future Proof Your Career - HR Technologist [Last Updated On: August 18th, 2024] [Originally Added On: February 6th, 2020]
- Twitter says AI tweet recommendations helped it add millions of users - The Verge [Last Updated On: August 18th, 2024] [Originally Added On: February 6th, 2020]
- Artnome Wants to Predict the Price of a Masterpiece. The Problem? There's Only One. - Built In [Last Updated On: August 18th, 2024] [Originally Added On: February 6th, 2020]
- Machine Learning Patentability in 2019: 5 Cases Analyzed and Lessons Learned Part 1 - Lexology [Last Updated On: August 18th, 2024] [Originally Added On: February 6th, 2020]
- The 17 Best AI and Machine Learning TED Talks for Practitioners - Solutions Review [Last Updated On: August 18th, 2024] [Originally Added On: February 6th, 2020]
- Overview of causal inference in machine learning - Ericsson [Last Updated On: August 18th, 2024] [Originally Added On: February 6th, 2020]