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Data and measurement
For marketers, data-driven advertising is one of the most important tools to reach not only more customers but also the right ones. The key to successful data-driven advertising rests in the ability to use relevant data to connect with the most valuable impressions. And the new multi-element bidding (MEB) feature on The Trade Desk helps you do just that. Read the article to find out more.
For today’s marketers, data-driven advertising has become one of the most important tools for targeting customers. It allows you to reach your intended audiences with precision, which can lead to greater engagement and ROI. The key to successful data-driven campaigns lies in the ability to use relevant data to connect with the most valuable impression for your goals. That’s why we’re excited to announce a major upgrade to our decisioning logic called multi-element bidding (MEB).
Originally released in Audience Predictor, MEB works to increase precision and performance by prioritizing bidding on impressions that match the most relevant data segments to your campaign goals. This feature allows marketers to reach their target audiences more effectively and achieve their desired results.
ELIMINATING DATA TRADE-OFFS
To really understand the value of MEB, we considered all the challenges you face today in using data to build audiences. One big hurdle is grouping together multiple data segments to reach your ideal audience.
For example, a consumer packaged goods (CPG) brand selling baby products may want to reach people who are new parents, shop at Target, and are between the ages of 25 and 40. To reach that audience, the brand would have to layer together a segment for each characteristic listed — “A25-40,” “new parents,” and Target shopper. Since there’s a data cost to every segment used, this task can be cost-prohibitive for you. It can also limit your scale, as every data element must be present to bid on an impression.
MEB helps to solve these challenges by introducing a revolutionary approach to applying and buying data. Instead of being stuck making a trade-off — where you must choose between cost and value to establish ROI — you can use MEB to layer in more relevant data, thereby making smarter bidding decisions.
EXPLAINING “AND”/“OR” LOGIC STATEMENTS
When a user selects audience segments in the platform, they can select multiple segments using either “and” or “or” statements. For example, imagine you are a user and your target audience is: adults 18 to 45, females, runs three times a week.
HOW IT WORKS
MEB lets you use the data you need to reach your desired audience while also optimizing cost and scale. Here’s an example:
Before MEB, using “or” logic would tell the platform to look for a single data segment to be present to bid. If the platform saw an impression that reached an “A18-45,” it would bid on it, and it would not differentiate that impression from a more relevant impression that matched multiple segments — such as a person who has an “HHI of $150,000” and “runs three times a week.”
This upgraded approach balances targeting precision with scale by using more data in decisioning while also allowing the flexibility to bid on impressions with any combination of relevant data elements present. What’s more, we worked with our data providers to introduce a new pricing mechanism that enables you to use more data while maintaining lower costs. Instead of layering the full data cost for every data segment used, we will now fractionally compensate applied data segments based on their relevance and value to the campaign.
MEB OFFERS YOU 3 MAJOR ADVANTAGES
HOW TO BENEFIT FROM MEB IN YOUR CAMPAIGNS
To take full advantage of MEB, here are a few suggestions for building audiences.
If you want to drive relevance and improve performance, MEB is a major upgrade. By using MEB, you can use more relevant data to accurately target ads to users who are more likely to be interested in them, which can yield overall better results for your campaign.
Reach out to your account manager at The Trade Desk to find out more.
Resources Data and measurement
Resources Data and measurement
Resources Data and measurement