The Importance of Industry Standards with Jeff Bustos

Andy Murray sits down with Jeff Bustos, VP of Commerce and Measurement at the Interactive Advertising Bureau to discuss their journey to develop standards and definitions in an evolving retail media space. Their conversation addresses numerous challenges the retail media industry is facing today, and how collaboration can lead to a brighter future.Topics and Questions:00:51 Guest Introduction3:44 How have you seen the retail media space evolve over the last few years?5:03 What is IAB?7:00 How standards across definitions and metrics can elevate the industry9:38 What challenges are IAB facing in reaching uniformity in industry standards?11:28 What is the timeline on defining and alignment on industry terms?12:17 What challenges are ahead on the standardization of measurement?14:05 How can non-endemic brands use RMN to meet their marketing objectives?16:35 How will media agencies evolve with the growth of the RMN space?18:26 What metrics are being sought out on the commercial side of RMNs?20:55 The benefit of narrowing down on key metrics22:28 What has surprised you on your journey with IAB?25:45 What changes were key in forcing the introduction of RMNs?29:46 The importance of classifying different RMNs31:00 Global perspective on RMNs32:26 Viewing Retail Media in an in-store environment34:19 How you can work with Jeff or IABShow LinksJeff Bustos: https://www.linkedin.com/in/bustosjeffrey/Andy Murray: https://www.linkedin.com/in/andrewlmurray/CCLI: https://www.linkedin.com/company/customer-centric-leadership-initiative-sam-m-walton-college-of-business/bigQUEST: https://www.bigquest.comIAB: https://www.iab.com/RMN White Paper: https://tinyurl.com/ymjaxuch