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Michael Kaminsky - Modern Marketing Mix Modelling - How to make wise choices - S3 Ep21 (part 2 of 6)

Michael Kaminsky - Modern Marketing Mix Modelling - How to make wise choices - S3 Ep21 (part 2 of 6)

FromChampagne Strategy


Michael Kaminsky - Modern Marketing Mix Modelling - How to make wise choices - S3 Ep21 (part 2 of 6)

FromChampagne Strategy

ratings:
Length:
22 minutes
Released:
Sep 17, 2022
Format:
Podcast episode

Description

Brain-hurt scale 10/10 - Marketing Mix Modelling or MMM for short is, to paraphrase Zoolander, 'So Hot Right Now'. It seems every day I see another firm pop up with an AI, ML-powered MMM product that claims to be the silver bullet that will fix our iOS14-induced digital attribution void and transport us back to measurement nirvana. But, as you'll find out by listening to this episode, Caveat Emptor. 
In order to make wise choices in this area, it's first necessary to understand some of the basics of MMM. What it is and how it works. What it does, what it doesn't do. It's strengths and weaknesses. How to set it up. What data-sources and metrics to use. How to optimize and improve them over time. And how to judge one MMM vendor from the next. 
As a Reforge fan, I stumbled across Recast and again recommended them by Mike Taylor. This wasn't a planned interview, so you'll have to excuse the poor quality, but I trust the depth of the conversation will make up for it. And I found it so interesting that I thought I'd share it with you all. It should give you a really good crash-course in the world of MMM and help you make wiser choices if you're in the market to implement one of these systems in your organization. 
Released:
Sep 17, 2022
Format:
Podcast episode

Titles in the series (90)

A 'red pill' business podcast deconstructing the secrets behind world-class growth strategy. Garnished with sprinklings of tech & Champagne We interview experts who've bridged the strategy gap between planning, execution and measurement They tend to have battle scars to show, skin in the game and money in play. There's zero commercial agenda here so heeding their wisdom is priceless. Listen to an episode if you dare, but you've been warned. There's no going back. Take the blue pill - or press play