So what can we do to help companies face the uncertainty and such dynamic consumer trends? At Google, we’re developing new tools to help businesses understand and respond better to shifting needs.
Firstly, we’re launching the new Insights Page within Google Ads. It is a new destination in Google Ads where marketers can see contextual and automated insights to help them adapt their business faster in a more dynamic world.
For instance, Body&Fit, an Irish company offering sports nutrition, food supplements and dietary products, was affected by a decline in in-store sales and international shipment delays during local lockdowns. By using health and fitness insights across a number of countries, the brand was able to find new opportunities for growth and even expanded into new markets. As a result, by the end of last year, it saw a 90% year-over-year increase in revenue.
Secondly, we’ve been looking at ways for businesses to move faster — by quickly taking action based on recommendations from our real-time insights, powered by machine learning. To achieve this, we’re taking automation one step further, giving marketers an option to “opt-in” to automatically apply certain campaign and performance recommendations. This means that every time our algorithms detect an opportunity to improve a campaign, brands can implement these recommendations instantly, enabling them to be fast and helpful for their consumers and save time.
The Netherlands-based agency Dept has been automatically applying recommendations across its client portfolio, and it’s worked — the agency has saved 20% of the time it previously spent on repetitive tasks, while increasing Google ads optimization scores by 18 points on average. Dept has also seen a positive impact on their clients’ performance — construction company BAM saw a 10% increase in conversion volume and a 20% increase in conversion rate.
Finally, as we have seen a decline in trust in online advertising, we’ve been working with the advertising ecosystem on new privacy-preserving proposals open to the industry within the Privacy Sandbox. We’ve also confirmed that once third-party cookies are phased out, we will not build alternate identifiers to track individuals as they browse across the web, nor will we use them in our products. Now is the time for marketers to focus on building strong first-party relationships and the expertise they need to build trust sustainably.