Free
You can watch the VOD of the webinar here – including some of the study highlights by Dr. John Deighton, Harvard Business School Professor, and Research Associate, Leora Kornfeld.
This webinar covered the release of “The Economic Impact of the Market-Making Internet | Advertising, Content, Commerce, and Innovation: Contribution to U.S. Employment and GDP.”
This research about the economic value of the internet is conducted approximately every four years and highlights the importance of the internet ecosystem, which enables job creation and market-making opportunities. This highly valued, extensive piece of economic research is particularly important to the growth of companies, including search and social platforms, content publishers, ad agencies, consumer and B2B brands, as well as the full spectrum of players supporting and supported by the internet.
The full report includes:
• Identification of the sectors of the ecosystem, and, within each, identify the largest of the firms and the aggregations of firms not individually identified
• Estimated revenues for each firm or aggregation of firms, attributable to market-making and associated employment
• A distribution of employment across congressional districts
• Inference of the value of the internet and its contribution to the U.S. GDP
This is a signature IAB initiative that demonstrates and celebrates the growth, viability, and future of the internet’s business value.
The presentation will be followed by a panel about “Harnessing the Power of Digital for Growth & Innovation” with three small business founders and moderated by IAB CEO, David Cohen. Read more information about our speakers below.
David Cohen joined IAB in April 2020 as President and was named Chief Executive Officer in September 2020. Cohen is a widely respected advertising agency leader who, prior to IAB, served as President, North America for MAGNA, Interpublic Group’s (IPG) centralized media intelligence, investment, and innovation arm. In this role, Cohen was responsible for more than $20 billion in media spend. During his tenure, Cohen structured and executed large global transactions on behalf of IPG and its clients, with such major IAB member companies as Facebook, Google, Microsoft, Spotify, Twitter, and Verizon Media.
Prior to MAGNA, Cohen served as Chief Investment Officer of UM, ensuring that digital innovation, data, and technology acumen flowed throughout the agency to drive performance. From 2001 to 2011, Cohen served in critical, transformational roles at UM during the explosive growth of digital advertising, including Chief Media Officer, Chief Digital Officer, and Executive Vice President, U.S. Director of Digital Communications. In the late 1990’s, Cohen was responsible for launching and building IPG’s digital practice.
Cohen has a long history of working with trade organizations including IAB and 4As, where he served as chairman of the Interactive Marketing Committee from 2009-2013. He has also been instrumental in initiating several vital industry-wide programs, including the Future of Television, facilitated by EY. Cohen is a Queens native, with a bachelor’s degree in communications from Adelphi University. He was recognized by Adweek as a “Media All Star” and was part of the “Adweek 50” in 2012.
In 2016, David was elected to the Board of Directors of Partnership with Children a non-profit whose mission is to strengthen the emotional, social, and cognitive skills of vulnerable children in New York City to help them succeed in school, society, and life.
David enjoys spending time with his wife and two teenage daughters. A self-described gadget-geek and sometimes fitness fanatic – he ran the NYC Marathon in 2014 and 2019 and Boston Marathon in 2016.
John Deighton is the Harold M. Brierley Professor of Business Administration
Emeritus at Harvard Business School. He is an authority on data-driven marketing.
His recent published research includes “The Socioeconomic Impact of Internet
Tracking,” IAB, 2020, “Rethinking the Profession Formerly Known as Advertising:
How Data Science Is Disrupting the Work of Agencies,” Journal of Advertising
Research, 2018, “Big Data,” Consumption, Markets and Culture, 2018. Recent case
studies include Gimlet Media, DataXu, Oracle, Acxiom, Instacart, Managing Data at
Allstate, WPP: From Mad Men to Math Men, and Target Stores: The Hunt for
Unvolunteered Truths. His Twitter feed is @HBSmktg.
He is a past editor of the Journal of Consumer Research and founding editor of the
Journal of Interactive Marketing. He has served as the Executive Director of the
Marketing Science Institute, and as Director of the Berkman-Klein Center for
Internet and Society at Harvard University. He has held visiting professor positions
at Duke University, the University of Tokyo, Oxford and Cambridge Universities, and
teaches courses on technology and marketing at Cornell Tech and the University of
Cape Town
Chad Engelgau serves as Acxiom’s President and Chief Executive Officer, providing strategic leadership to the organization, which focuses on helping brands better use data, identity and technology solutions to understand people and create growth for their businesses. Chad is also a founding member of Acxiom’s IDEA (Inclusion, Diversity, Equity and Awareness) Council and the executive sponsor for two of Acxiom’s Business Resource Groups, Acxiom Women LEAD and Acxiom Black Employee Network.
Previously, Chad served as Global Chief Data Strategist at Kinesso, the marketing intelligence unit of The Interpublic Group of Companies, Inc. (IPG), Acxiom’s parent company. Chad joined Kinesso after spending 13 years at Acxiom, where he held a variety of key leadership roles, including Chief Marketing Officer and Head of Strategy. Over his tenure he was responsible for leading data and identity product management and strategy as well as product marketing.
Before joining Acxiom, Chad spent nine years at Dell Inc., rising from product engineering manager to corporate strategist for the Texas-based technology company. Prior to his years at Dell, Chad held various product management and technical roles at other enterprise companies.
Sarah is half Mexican and half Iranian and grew up speaking Spanish, Farsi and English. She’s from L.A. and graduated from UCLA with a BA in English. From there Sarah moved to Mexico City and later NYC where she taught high school and waited tables for a year before getting the idea to start her own educational company when she was only 24 years old. A lover of music,language, and culture, her intention was to create a space to celebrate diversity with children. In 2006, with zero business experience, Sarah launched Bilingual Birdies, a foreign language and live music program for children up to age six in NYC after months of passing out fliers in public playgrounds which yielded a total of three enrolled students (two of which were her twin nieces).
She bootstrapped every step of the way and even invested her own saved up tip money to start. Soon after she became the recipient of the Lenovo Heart of Business Entrepreneurship Award ($25K prize) as well as the
Network for Teaching Entrepreneurship Pitch Competition ($20K prize). After completing Goldman Sach’s 10,000 Small Businesses Program, Sarah began to set the framework to build an online platform that would help her expand nationally. Today Bilingual Birdies teaches Spanish, French, Mandarin, and English to thousands of children per week across 21 cities in the US, Canada, and Australia through their online training program which certifies and licenses bilingual and educators to launch their own Bilingual Birdies businesses in their own city. Enrolled families benefit from original Bilingual Birdies products such as bilingual ebooks,music albums, and the most adorable bird puppets you have ever seen in your entire life.
Teri Johnson is an entrepreneur and adventurer who brings her experience to life through storytelling and luxury products. A life-long traveler, Teri has visited nearly 70 countries learning about the rich cultures of the world while working as a travel and lifestyle expert for various television and digital platforms. During her travels, Teri experienced an array of different scents and developed a passion and obsession for beautiful and evocative fragrances that have the power to transport you to a different time and place. This sparked an idea to create a luxury home fragrance company inspired by her neighborhood of Harlem, specifically during the Harlem Renaissance period. She founded the Harlem Candle Co in 2014 and now has 14 exquisite fragrances in the collection. Teri’s work with some of the world’s most innovative perfumers has helped her grow the brand’s popularity on an international level and has led to the brand’s launch in Bloomingdale’s, Macy’s, Nordstrom and many boutiques around the world.
Through Teri’s passion for fragrance design and its important role in creating comfortable and elegant spaces, she realized she had a knack for interior design. She was able to express through the beautiful exhibits she curated for the Harlem Candle Co at the Architectural Digest Design Show (2016 & 2018). These show-stopping spaces gave her the idea to create the Harlem Design Co. which is an inspired collection of must have treasures that include wallpaper, fabrics, home accessories, and candles.
At the Harlem Design Co. our mission is to celebrate the past, present and future through inspired designs that pay homage to the Harlem of yesterday and today.
www.harlemcandlecompany.com
https://www.instagram.com/harlemcandlecompany/
https://www.facebook.com/HarlemCandleCompany/
Leora Kornfeld is a media and technology researcher, writer, and consultant working
with public and private sector organizations in the U.S. and Canada and for three
seasons has been the host of Now & Next, a top-rated podcast on the Apple
Podcasts Canada charts. In addition to custom research for organizations such as
the Canada Media Fund, Destination Canada (formerly the Canadian Tourism
Commission), and the Public Policy Forum, she has served as senior researcher and
co-author on a series of studies that examine the economic value of the Internet
ecosystem, as well as co-authoring over two dozen Harvard Business School cases
on emerging technologies and digital business models. She holds an M.A. in Media
& Communications from the University of London, Goldsmiths College.
Emily is a creative thinker with an MBA from NYU Stern.With over a decade of experience in marketing at luxury brands like Tom Ford Beauty and DTC brands like Bonobos and Soludos, Emily has made her mark in the space by building high-growth brands that reflect the values of their audience.