December 19, 2011 / Financial Times
Advertising: A market in transition
The advertising industry is in the midst of a digital revolution as its clients follow their customers and shift resources to the web and new forms of interactive advertising emerge.To facilitate these changes, companies like Google, Yahoo! and smaller startups like OpenX, provide the digital advertising technology that businesses need to manage and maximise their ad revenues.
The scale of these new operations is truly enormous. For example OpenX's ad serving products are used by more than 200,000 websites and serve more than 350bn ads monthly. In total the OpenX Market - an online exchange - reaches more than 400m monthly unique users worldwide.
To understand more about how the advertising market has changed; and what the future might look like - I sat down with Tim Cadogan, OpenX's chief executive, who spent five years at Yahoo!, most recently as senior vice president of Global Advertising Marketplaces - before joining OpenX.
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