Ovative Adds New Integrated Testing Functionality to Modern MMM+

Article authors: Kati Stewart

Incrementality testing is the gold standard in understanding true marketing performance. However, marketing measurement technologies today are not able to rapidly incorporate testing to make their models smarter and insights more actionable.

Ovative’s newest product enhancement to our Modern MMM+, Integrated Testing, allows marketers to update their measurement models with inputs from testing in near real-time. The result is that marketers have fresh insights at their fingertips for improved decision-making and driving better business outcomes.

 

Meet Our Modern MMM+!

There are many ways to assess marketing, but not many accurately measure the impact. Using Ovative’s AI-driven measurement tool, marketers see a 15% increase in their marketing return. Powered by Ovative’s holistic marketing metric, Enterprise Marketing Return (EMR), our Modern MMM+ combines MMM and MTA measurement to help marketers understand the true value of their marketing investments across consumer touchpoints.

 

What is Integrated Testing?

Integrated testing is a new capability that easily incorporates incrementality test results into our Modern MMM+. After running an incrementality test for a specific channel or tactic, our Modern MMM+ rapidly ingests the test results to better inform and teach the Unified Model about the relative performance of that channel or tactic.

 

Why is Integrated Testing Unique?

Faster

Unlike other Unified Models that can only be updated quarterly or even annually, the Integrated Testing feature within our Modern MMM+ allows marketers to incorporate their testing results as soon as they are available. This allows action to be taken from our Modern MMM+ in near real-time rather than waiting for that next quarterly model update to act on new learnings. With refreshes weekly, our Modern MMM+ provides the most timely and actionable outputs in the market.

Aligned

The ability to see test results integrated into reporting, as soon as a test has concluded, also instills confidence in investment decisions being made. When test results, performance reporting, and measurement experts are aligned around a cohesive and compelling story that will drive results; program efficiency and growth follow.

Actionable

Testing and measurement outputs are only valuable as the ability to activate off learnings. That’s why our Modern MMM+ technology is always supported by a team of Measurement Experts that help our clients take meaningful action on the tool’s insights. 

 

So, What’s A Marketer to Do?

Incrementality testing should be part of every best-in-class marketing program. Marketers should consider if their program has the following:

  • An incrementality testing roadmap that prioritizes tests that will drive the most significant impact and return.
  • Training on incrementality testing and analysis to ensure results are grounded in empirical evidence and significance.
  • Actionable results are produced from the testing and are used to change future actions or inform future decisions.
  • Incrementality factors are ingested in marketing performance and measurement source of truth, improving the quality of measurement outputs and aligning the organization on performance.

Testing is a part of our DNA at Ovative, but testing is only as valuable as the ability to activate off learnings. That’s why our Modern MMM+ is always supported by a team of Measurement Experts that help our clients take meaningful action on the tool’s insights. We’d love to talk to you about your testing and measurement goals! Contact us today.

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ARTICLE AUTHOR

  • Kati Stewart

    Kati Stewart

    Director, Product & Project Management