DMP(Data Management Platform) is used by digital advertising buyers and publishers to store and manage audience data, often from multiple sources.
- Adobe identified DMP as "Data Management Platform is a tool to build customer profile for marketing activity"
- DMP is "Data-Driven-Marketing Tool based on big-data systems"
- DMP requires some sort of external sources like location information(Geo IP), social media, transaction, purchase and etc to build integrated data infrastructure. Its target goal will be personalized marketing.
Before we start digging DMP, we should know about three components that requires implementing AdTech - targeted Ads based on personal interest and behaviors
- Data - which can be collected from customers as a type of structured/unstructured format
- Management - all sort of process to collect, classify, store, filter, update and etc.
- Platform - a market place designed for advertiser, media and digital agency
Followings are common data driven marketing process.
Value of DMP is "understanding based on data"
DMP(Data Management Platform) is making additional values based on input data like below: