OMD Mudramax launches ‘Bingo,’ an outcome-based, AI-backed media buying tool

OMD Mudramax, part of the DDB Mudra Group, launches ‘Bingo’, India’s first outcome-based, AI-backed media buying tool focused on emerging brands and enterprise clients. The media buying tool will help marketers achieve their brand and sales goals by identifying platforms and optimizing media spends in a transparent and open manner without human intervention.

Bingo is an Agency Trading Desk (ATD) that integrates all downstream channels including but not limited to media buying platforms such as Google Ads, Facebook, Yahoo and other DSPs.

Like the conductor of an orchestra, Bingo will act as a single control layer that keeps all other buying platforms in sync to deliver media goals. The buying platforms are connected by ready-made marketing APIs through which audience and campaign data flow in. Over a period of time, this historical data is used to optimize campaigns, maximize performance, identify problems and suggest changes to keep the campaign on track for objective delivery.

The tool will offer marketers is a transparent big picture that delivers the best ROI for a business’ media budget. With this tool, marketers will have complete transparency over the buying process with no hidden fees and markups. It will offer agnostic buying through a unified platform, solving the problem of having silos for a multichannel approach. Its KPI-based buying will funnel the budget towards a platform solely based on performance data. The tool will allow the implementation of Campaign optimization recommendations from a single dashboard to achieve the desired outcome.

Rammohan Sundaram, Country Head & Managing Partner – Integrated Media, DDB Mudra Group states, “The ability to buy media in an optimized and agnostic manner by setting clear objectives is what this product intends to achieve. As an advertising agency, we are also looking at acting as technology enablers and partners for our clients. Media optimization and transparency aren’t as esoteric as they sound but require technological intervention. We want to provide those capabilities to clients and marketers in the simplest manner.”

Abhishek Sharma, Partner – Digital & Lead Programmatic, DDB Mudra Group adds, “Merely talking about transparency in the Ad Tech ecosystem is not enough. The entire demand-supply chain is lopsided towards closed ecosystems, which aren’t exactly built in a manner to facilitate transparency, be that pricing or audience data. It’s time to wrest control and place it exactly where it belongs, with the Advertiser, in a ubiquitous manner. This product is a sincere step in the direction of demand-side innovation and transparency.”

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Bingo took approximately 18 months from conceptualization to launch. Two patents have been filed in India and under the PCT which are currently under examination.

Disclaimer: Information mentioned here has not been verified or endorsed by Agency Reporter and is in accordance with the press release shared by the company or their appointed representatives.