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MediaMonks, Circus and Firewood Named Fastest Growing Agencies by Adweek

MediaMonks, Circus and Firewood Named Fastest Growing Agencies by Adweek

3 min read
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Written by
Monks

MediaMonks, Circus and Firewood Named Fastest Growing Agencies by Adweek

The results are in: MediaMonks, Circus and Firewood have each been placed in the annual Adweek 100: Fastest Growing feature, following each of their placement last year. Fastest Growing honors the top 100 agencies and 10 top solution providers—large and small, from all over the world—whose industry presence is on the rise. MediaMonks ranked number 57 on the list overall; MediaMonks, Circus and Firewood each placed among the top 10 large agencies.

Because the list honors international agencies spanning every category, type and size that have achieved significant growth, we’re honored to be in such good company. But we’re especially excited to stand as three individual partners that have since banded together to offer a distinct, differentiated offering that helps brands innovate and resonate with digital audiences today—and while our approach is resonating with brands, we’re just getting started.

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“I’m thrilled to see that it isn’t just MediaMonks that made the Adweek 100: Fastest Growing feature, but also our amazing colleagues at Circus and Firewood,” says Wesley ter Haar, founder of MediaMonks. “The mind wanders at what happens when you put three of the fastest growing agencies into a unitary structure and single P&L—there are many great things to come, and I’m looking forward to it.”

Independently, we continue to serve brands with the signature offering that made us each great from the start—with a continued passion for the clients and work that got us added to this list in the first place. MediaMonks is a premium digital experience partner, helping brands better understand and digitally connect with their audiences and build brand love in the process. Circus is a multicultural, fully integrated digital agency that partners with its clients to develop high-impact ideas, strategies and content that wins in the attention economy. And founded on the belief that good people are good business, Firewood is a pioneer of the “embedded” model, building in-house creative, strategy and technology teams that become extensions of its clients’ teams—and amplify their power.

Monk Thoughts There are many great things to come, and I'm looking forward to it.
black and white photo of Wesley ter Haar

Throughout 2020, these capabilities have helped brands show up in significant ways. Together, we gave sports fans the best seat in the house (their house); we brought people together as they marched for Pride from their living rooms; we extended the world’s most innovative AR/VR conference into AR and VR; and we’ve helped scale teams up while others have pulled back—facilitating not only our own growth, but that of our client partners as well.

“All of us come from a very different non-agency mindset,” says Juan Zambrano, cofounder of Firewood. “We’ve been disruptors from the start, and our goal has always been to support our clients at scale delivering speed, quality and value across the board—particularly at a time when taking a digital-first approach has become essential.”

“Circus’ roots lie in breaking new ground with impactful ideas led by data, fed by emotion and built at scale,” says Bruno Lambertini, founder of Circus. “As we look toward the future, we look forward to further empowering brands through greater collaboration and a cohesive offering with MediaMonks and Firewood.”

We’ve grown alongside our clients through this commitment to shared success. Together, we’re offering brands a one-stop solution as a best of breed partner in the digital marketing space. The results are advanced marketing and advertising technologies, with world-class creative, strategy and production on a global scale.

We believe innovation doesn’t wait. Let’s keep moving.

MediaMonks, Firewood and Circus have each placed on Adweek's Fastest Growing feature, honoring the top 100 agencies and 10 top solution providers whose industry presence is on the rise. MediaMonks, Circus and Firewood Named Fastest Growing Agencies by Adweek MediaMonks, Firewood and Circus each stand among the top 10 large agencies.
adweek fastest growing s4 s4capital firewood circus fastest growing agencies digital transformation

Distilling the Data Clean Room with MightyHive

Distilling the Data Clean Room with MightyHive

5 min read
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Written by
Monks

Distilling the Data Clean Room with MightyHive

In today’s landscape where personalization and relevance are critical, marketers are increasingly asked to understand both the creative and technical sides of the equation when it comes to delivering digital experiences to customers. S4Capital, a new-era model offering end-to-end advertising services to brands and organizations around the world, bridges that gap: “Data is at the center of what we do,” Sir Martin Sorrell, Founder and Executive Chairman of S4Capital, told IBC365 in a recent interview. “People that claim data destroys creativity or hinders it are talking nonsense. Good data and good insights inform creativity and makes it more effective.”

Achieving this requires close collaboration between MediaMonks, whose forte lies in creativity and enabling efficient production at scale, and MightyHive, who provides consulting and services in the areas of media operations and training, data strategy, and analytics. Emily Del Greco, President of the Americas at MightyHive, puts it succinctly: “MediaMonks is about taking the risk, and MightyHive comes quickly with feedback [backed by data.]”

We sat down with Myles Younger, Senior Director of Marketing at MightyHive, to discuss one of the biggest challenges that brands face when it comes to measuring performance and developing insights-driven content: privacy. From GDPR to the new California Consumer Privacy Act, privacy is going to become more challenging through 2020. For brands that struggle to look beyond the walled gardens of partner and platform data to gain a fuller view of their customers, Younger offers some advice: consider investing in a data clean room, which enables partners to develop new insights without compromising their audiences’ privacy. Younger walks us through what data clean rooms are, what you might consider before setting one up and more.

How would you explain data clean rooms?

Myles Younger: My analogy for how I would explain it is: imagine you have two data owners, ColorCo and FoodCo. ColorCo has data on its audience, including everyone’s favorite color. FoodCo has a similar audience to ColorCo, and knows their favorite food. ColorCo would like to know what the overlap is between their audiences, maybe identifying what the most popular combinations are in favorite color versus food—but neither wants to reveal to the other any personally identifiable information that could compromise the value of their data or the privacy of their audience.

Monk Thoughts Good data and good insights inform creativity and makes it more effective.
Headshot of Sir Martin Sorrell

A data clean room allows them to bring their data together in a neutral environment to figure out where the overlap is, meaning they might find that 300 people in their audience favor yellow and hotdogs—but neither ColorCo nor FoodCo know who those 300 people are, they just get the overlaps. That’s the special thing: you build new insights while protecting individual privacy.

Speaking of privacy, that’s a major concern for brands and their audiences. How do data clean rooms ensure brands still get a high quality of insights?

MY: Traditional methods of understanding the user are beginning to erode and brands are embracing first-party data that gives them a truer sense of who their audience is and what they need. What’s important to remember about data clean rooms is that they offer you access to insights gained from the first-party data of others.

As cookie-driven campaign measurement continues to become less reliable, brands are going to have to start looking elsewhere for insights on creative performance, reach and frequency, and attribution. Because data clean rooms generate insights from first-party data, they should be towards the top of every marketer’s list to at least become familiar with, if not start tinkering with.

Monk Thoughts Data clean rooms offer you access to insights gained from the first-party data of others.

At MediaMonks, we often discuss with clients the importance of delivering a total brand experience, applying insights and user data across a customer decision journey that extends beyond a single platform. Could data clean rooms aid in this process?

MY: Absolutely! Data clean rooms could aid in delivering the total brand experience in more meaningful ways than we’ve ever seen before. I know that sounds hyperbolic, but it’s justified.

Up until now, digital ad targeting, personalization, measurement and optimization have been based on what you might call the “total cookie experience.” Cookies and ad tech tracking IDs form a big universe, but it’s an isolated place. Even before things like GDPR and Safari ITP, it was very difficult to connect millions of ephemeral (and often fraudulent) browser cookies and third-party tracking IDs back to genuine business data (customers, products, transactions, loyalty and preference data, stores, apps, strategic partner data, etc). Given that clean rooms run on first-party databases and not cookies, brands gain the opportunity to tap into the totality of CX data sets when making analyses or optimizations. For marketers who have been used to making fuzzy inferences from nebulous, siloed cookie pools, I think working from actual business data is going to seem like a revelation.

What else would excite brands about data clean rooms?

MY: Data clean rooms are a big win for measuring performance and ROI. Let’s say you’re a CPG brand, meaning you’re likely selling your product through distributors and retailers. Traditionally, you might have to wait months for reportage on transaction data. But we have a CPG client who uses data clean rooms to interrogate or query a retailer’s POS data in almost real time.

Given the rapid access to insights that data clean rooms offer, what are some other ways that working with one would change my day-to-day as a marketer or strategist?

MY: There really is a promise for far more rapid access to data. Previously, many marketers’ approaches were cookie-driven, which adds latency and degrades fidelity of the data. Data clean rooms let you act on a more instantaneous basis.

Monk Thoughts Do you want data, or the insights? You probably want the latter.

And while data clean rooms inhibit ownership or direct access to others’ data, it really can bring you closer to it. That might sound counter-intuitive, but data clean rooms prompt you to shift your perspective a bit. We always ask our clients: what do you want, the data or the insights? You probably want the latter, and while data clean rooms might keep you an arm’s length from the data itself, they bring you closer to the insights.

How easy is it to partner with another brand or company to join data in a clean room? Do you think data clean rooms will usher in greater collaboration as brands discover overlaps between their audiences?

MY: This is clearly an area for early adopters right now, but MightyHive is seeing early success and we’re onboarding advertisers into clean rooms left and right. The momentum is clearly there.

A smart place to start with respect to inter-brand collaboration is with existing strategic brand partnerships. For example: whenever consumers travel, they’re inundated with sophisticated partner marketing programs across airlines, booking sites, hotels, loyalty programs and credit cards. These brand and audience partnerships already exist, and clean rooms are probably going to come into play more and more as a means to share audiences, CX touchpoints, measurement data and insights.

Get your hands dirty with data clean rooms.

Despite new privacy restrictions, delivering insights-driven digital experiences is critical--and remains possible with the help of data clean rooms. Distilling the Data Clean Room with MightyHive A squeaky-clean way to derive insights without betraying privacy.
Personalization data customer data privacy insights-driven creative tooling data clean rooms mightyhive s4capital mediamonks s4

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The website has been translated to English with the help of Humans and AI

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