Croatian agencies SeekandHit and airt presented Capt’n: „It saves time and money just like top advertising experts!” - Netokracija CEE

Croatian agencies SeekandHit and airt presented Capt’n: „It saves time and money just like top advertising experts!”

Veterans of advertising and co-founders of the leading agencies DRAP and SeekandHit presented their AI platform that optimizes advertising for Facebook and Google networks.

We already know that AI can really solve many problems in business, but also improve those things that are already doing well. Of course, it (still) cannot optimize everything, but as companies airt and SeekandHit show us, a good tool can very much help us in navigating the seas of tasks and campaigns. Their joint product Capt’n.ai is a tool that uses AI to track campaigns on several platforms and redistributes their budgets based on performance. Davor Runje from airt and Mario Frančešević from SeekandHit talked to me about the tool and explained how it can benefit the marketing industry.

Finally, an opportunity to work together

Davor says that he and Mario go way back and that he has long waited for an opportunity to collaborate on a project before Mario becomes too rich and successful to hang out with him. Luckily, Mario is just successful enough to squeeze another project in, one that saw the light of day yesterday at 11 am on a virtual (due to pandemics, of course) launch event.

According to Davor, he got the idea for this tool a while ago, but the actual work on it started about a year ago. It required some complex technologies and a wide range of specific expertise, he adds:

Around 15 people worked on the project so far. We had to understand the marketing-business side, programmatically extract data from Google and Facebook, automatize the entire process, and in the end create models – what we call artificial intelligence – that use that data to calculate the optimal strategy.

As with any AI system, the more clients use it, it will get ‘smarter’ and manage the budgets better, Davor adds.

Capt’n.ai has a simple interface that shows where exactly the campaign budget was spent.

Turn agency knowledge into a tool

The goal was to transform the knowhow of a top digital agency, such as SeekandHit, into an automated service, explains Davor. He adds that, in order to be successful, you need to be present on all channels at once, but ad placement on all platforms requires quite an effort:

Highly sophisticated advertisers with big budgets either hire specialized performance marketing agencies or have in-house teams for that. Both options cost a lot as they require a lot of human effort. By automating the process, we can cut those costs down while, at the same time, having the same or even better output. Better performance is not necessarily because people are incapable of doing a good job, but because the machine doesn’t get tired and, unlike us mortals, can be online 24/7.

The other group that can benefit a lot by a system like this is on the other side of the fence – all those tiny advertisers that don’t have big budgets for experimenting. In general, those advertisers try to ‘get the campaign right’, and then simply let it run without checking and correcting it, as they cannot afford its tweaking.

Capt’n.ai is smart enough to ‘rearrange’ the budgets across channels on its own, so it can, for example, take a little bit from your YouTube budget and put it on Facebook for a few days, and then return it back to YouTube. Davor says that this is very simple: each channel has its own saturation curve, which means that a linear budget increase will never translate into a linear conversion rate increase:

Due to that saturation you need to use as many channels as possible, and the biggest problem is to precisely define which budget allocation will give you the best results. Best experts are, in our experience, circa 20% better than the average ones, and our tool is at par with top experts.

You will not miss ads micromanagement

I doubt anyone loves opening Facebook and Google ads managers daily and spending time on analyzing campaigns when they could spend that time doing anything else. AI is being used in marketing nowadays and many try using it for the creative aspect, which is not always the best solution. Even though AI is especially useful for analytical tasks, sometimes it is also used to generate turbo-folk song lyrics, and that is where we should probably draw the line at.

Davor tells me that, presently, it only takes a few minutes to add the campaign into the tool, and then on a daily basis you have to do – nothing. Once a day, you will get a message on Slack with a report, and you can either do something with it or not, says Davor:

Long-term, we plan to develop a fully functional conversational (chat) interface, so
that you don’t even need a web or mobile app. Connecting the campaigns will in that case be done through Slack, WhatsApp, or some other messaging platform, by simply clicking a link, and all actions will be doable through conversing with a chatbot.

Capt’n.ai system allows you to track Facebook, YouTube, and Google campaigns, all in one window.

Catapulting the agencies into the future

On the agency side, Mario says it is exceptionally good that the tool can take over the repetitive tasks that usually take a lot of time. Up to a few years ago, it was unimaginable that a system can ‘think’ for you, while today that is perfectly normal:

For agencies, but also other people in marketing and clients, this means that time
usually spent per campaign will be much better utilized, it will minimize human error in understanding vast tables, numbers, and reports, and enable better work for everyone. Namely, if in the background there is a tool that takes care of the basics such as budget allocation, price per click, conversion rates, etc., every person involved can dedicate their time to parts of campaign that actually are what is considered to be marketing and advertising.

“God created his own beard first,” said someone at some point, and it’s quite logical that Capt’n.ai is already deployed in SeekandHit. Mario tells me that, after their big success with SocialBrando, they tried to utilize their resources to create tools for internal needs, so this collaboration with Davor and Hajdi was a natural course of events. Mario says that it was time to stir the projects they already worked on and analyze what can be done better and then combine them into the product that can be used by other companies as well.

Capt’n.ai will, undoubtfully, soon navigate the local advertising seas, and Mario, Davor, and the rest of the team behind it, will keep improving it and making it smarter so that they can make their own, but also lives of all of their colleagues that are still managing their campaigns ‘on foot’, much easier.

Comments

Leave a Reply

Your email address will not be published.

Popular

Startups

John Biggs at TechCrunch Balkans in Sofia: There is a Way Out of This Media Black Hole!

The first TechCrunch Balkans meetup in Sofia begun with a loud whistle from Dilyan Dimitrov, founder of the Bulgarian accelerator Eleven, the host of this event. It was startup time! That is right, TechCrunch Balkans, organized by Netocratic, is being held throughout this week – we will have lectures, panels and the most important thing – pitches in front of John Biggs!

Startups

Combine Technical And Marketing Knowledge Within Your Startup Team

You've probably heard about Bellabeat, FlyKly, or Layer? Well, three years ago they didn't exist! Now they are at the top of their industries, but how did they do it? Was it enough only to have the right idea or did they also need to have knowledge to conduct business in today’s competitive environment? Specifically, what kind of knowledge do startups need to succeed and not repeat the many mistakes of the 90% of startups that fail?

Startups

Slovenian ‘Booze’ Startup Flaviar Raises 400.000 $ from Speedinvest!

Slovene-British startup Flaviar announced today that it raised a seed round of 400k $ from American fund Speedinvest. This one year old company ships monthly tasting packs of 5 sample spirits (whisky, rum, gin, vodka, etc.) to their members, each month with a different theme.

What you missed

Development

Infobip’s Developer Relations Team Wins Two “DevRel Oscars” in London

Development Relations team of global cloud communications platform Infobip won two prestigious awards at the DevRelCon London 2023.

Development

Through a series of developer meetups, Infobip came to the front of technological transformation in Africa

The first Croatian unicorn organized a series of successful developer meetups, which confirmed its leading position in this fast-developing continent.

Sponsored

What are Croatian designers of creative business spaces doing in the Emirates?

Croatian consulting company DC&T, specializing in creative, efficient, and humane office space design, is setting out to conquer the world markets. First step: Dubai.

Tech

One the best European developer conferences is coming to Miami

Shift in Croatia attracted thousands of developers and thus made its way to the very top of developer conferences in Europe. Now they are ready to cross the borders of Croatia and come to the USA. Applications for Shift Miami are starting soon!

Sponsored

Infobip (W)intership: Not only for software developers, and not only during summer!

More than 115 mentors will work with 130 interns at 7 Infobip's regional offices in 2023 edition of their internship programme. Last year 87% of interns got - job offers.

Careers

How does IT Consulting create experts who know how to integrate IT into all business spheres?

Keeping in mind how much the IT industry influences all other industries but also everyday life, it's surprising how little is said about IT consulting, which is practically the bridge that connects the two. That's why we sat down with a junior and two seniors on different career paths - to explore this profession with those who practice it, love it, and live it.