What Happened
Foursquare is teaming up with Nielsen to track the offline attributions of online ads, especially in terms of how they drive consumers into stores. As part of the partnership, Attribution by Foursquare will be integrated into Nielsen’s digital measurement products. This will generate real-time behavioral insights of anonymized consumers for customers of Nielsen’s measurement products, allowing them to measure the real-world impact of their digital campaigns.
What Brands Should Do
In the past, marketers would turn to Foursquare for measuring increases in foot traffic and go to Nielsen to measure in-store spending. Now with this integration, brand marketers can judge the effectiveness of their online campaigns in one place with a more streamlined process. As more and more brands come to realize the importance of location data in measuring the full impact of digital campaigns, more and more ad platforms such as the ones from Google, Facebook, and Snapchat have all made efforts to team up with location data providers and improve their capability in tracking offline attributions. More brands may benefit from this trend and should take note of new tools as they become available.
Source: MediaPost