Welcome!

Machine Learning Authors: Pat Romanski, Zakia Bouachraoui, Yeshim Deniz, Elizabeth White, Liz McMillan

Blog Feed Post

HeyStaks Launches New Advertising Product to Create New Revenue Streams for Mobile Operators

Barcelona, Spain, 24th February, 2014, HeyStaks Technologies (www.heystaks.com), the innovative collaborative search analytics startup, today announced the launch of its new Intent-driven Advertising product. The product enables mobile operators to uncover new revenue streams by identifying monetizable user intent.

The announcement was made on the opening day of the 2014 Mobile World Congress in Barcelona, an event that attracts over 80,000 industry leaders and innovators to showcase the latest advancements in mobile technology.

When people search using their mobile phones, they are expressing a current need or intent. Contextual factors like location, time of day and individual preference influence these intents. HeyStaks proprietary community interest profiling and reputation algorithms helps mobile operators to build profiles of subscriber interest that enable advertisers to reach the right people and creates a better user experience through more relevant advertisements and offers.

The intent-rich behavioral profiles created by HeyStaks are a powerful asset for mobile operators struggling to monetize their investments in data networks.

"Our aim is to make it possible for mobile operators to generate new revenues from the vast amounts of Web activity that they process on their networks every day and to recover the value that they are currently losing to over-the-top providers", says Dr Maurice Coyle, co-founder and CEO, HeyStaks.

HeyStaks Intentional Advertising helps mobile operators to uncover entirely new revenue streams and enables superior audience segmentation for advertising purposes.

Key benefits for mobile operators include:

  • New sustainable revenue streams derived from subscriber data usage
  • Intent-rich search activity used to build accurate interest profiles
  • Real-time update of intent models based on current activity
  • Context-sensitive recommendation of ads and offers for a more relevant experience
  • Reputation-driven model to ensure accuracy and quality
  • Privacy-enhanced via pseudo-anonymous profiling

HeyStaks also delivers superior advertising capabilities, namely:

  • Unique insights surrounding expertise, community and subscriber interests
  • Advanced audience segmentation by intent to suit flexible targeting requirements
  • Campaigns targeted at the users most likely to convert into paying customers
  • Improved return on investment (ROI) for campaigns due to better targeting and improved user experience
  • Higher cost-per-click/cost-per-thousand-impressions (CPC/CPM) due to richer segmentation features

HeyStaks' patented Collaborative Search Analytics technology is based on more than 30 person-years of research and its algorithms mean that peoples' daily search activities can be used to deliver a wide variety of value-added services.

"HeyStaks knows who people are, what they like and what they're doing right now, so advertisers can target ads that are relevant to a person's contextual intent, at the exact moment they are most likely to convert to a paying customer." says Coyle. He adds, "Mobile operators are uniquely positioned to leverage their direct relationship with subscribers and their ability to develop insights about user preferences to exploit these lucrative new revenue opportunities".

HeyStaks has partnerships with the largest data management platforms, demand-side platforms and ad exchanges, so whether or not operators have in-house advertising business units or platforms there are numerous ways to monetize the intent-rich interest profiles it creates.

HeyStaks will be exhibiting at the Ireland Pavilion (Hall 7, Stand 7F70) at the 2014 Mobile World Congress in Barcelona from 24-27 February.

ENDS

24 February 2014. For further information email [email protected] or call +353 1 716 3565.

Editor's Notes
Founded in 2008 by Dr Maurice Coyle, Dr Peter Briggs and Professor Barry Smyth, HeyStaks is a unique technology that analyzes search activity to identify user interests, and identify groups or "communities" of users that share interests. By measuring users' reputation on any topic it is also possible to identify experts within these communities. This model of community and individual interests is rich in intent and can be used to deliver superior experiences in audience segmentation, targeted advertising and precision marketing. HeyStaks Intentional Advertising uncovers new sources of revenue for mobile operators and helps advertisers to create more focused audience segments so they can be sure their ads will be seen by people likely to convert to paying customers.

HeyStaks has raised €1.8M since 2010 from the Ulster Bank Diageo Venture Fund managed by Investec Ventures, the AIB Seed Capital Fund, managed by the Dublin Business Innovation Centre (DBIC) and Enterprise Ireland.

HeyStaks is a spin-out company from the Science Foundation Ireland-funded CLARITY Centre for Sensor Web Technologies (now part of the INSIGHT Centre for Data Analytics) at University College Dublin (UCD). Since 2010 HeyStaks has been headquartered at NovaUCD, the Centre for New Ventures and Entrepreneurs and the company maintains a subsidiary in the US to facilitate international business development.
www.heystaks.com

Investec Ventures Ireland Limited, trading as Investec, is a Venture Capital Fund Manager within the Investec Group in Ireland. The Investec Group is a leading international, specialist-banking group, with headquarters in Johannesburg, South Africa. The group was founded in 1974 and currently has approximately 8,000 employees with offices in 14 countries. Investec is a distinctive Specialist Bank and Asset Manager providing a diverse range of financial products and services to a niche client base. These include Treasury Services (including hedging/FX/Deposits), Wealth Management, Institutional Equities, Bonds, Specialised Lending, Corporate Finance and Venture Capital. www.investec.ie

AIB Seed Capital Fund, managed by the Dublin Business Innovation Centre (DBIC), is a public-private business support organisation that works with state agencies such as Enterprise Ireland to support entrepreneurs as they build the next generation of successful Irish businesses. The AIB Seed Capital Fund was established in 2007 to provide venture capital for companies at the seed and early stages of development across a range of sectors throughout the Republic of Ireland. The fund invested €6 million in new and follow-on investments in 28 companies in 2012. www.aibseedcapitalfund.ie and www.dublinbic.ie

NovaUCD, the hub for new ventures and entrepreneurs at University College Dublin, nurtures and supports new high-tech and knowledge-intensive companies as part of UCD's innovation mission. NovaUCD provides purpose-built, state-of-the-art incubation facilities alongside a comprehensive business support programme for client companies such as HeyStaks. NovaUCD has been funded through a unique public-private partnership that includes AIB Bank, Arthur Cox, Deloitte, Enterprise Ireland, Ericsson, Goodbody Stockbrokers, UCD and Xilinx. www.ucd.ie/innovation

Source: RealWire

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

CloudEXPO Stories
The Transparent Cloud-computing Consortium (T-Cloud) is a neutral organization for researching new computing models and business opportunities in IoT era. In his session, Ikuo Nakagawa, Co-Founder and Board Member at Transparent Cloud Computing Consortium, will introduce the big change toward the "connected-economy" in the digital age. He'll introduce and describe some leading-edge business cases from his original points of view, and discuss models & strategies in the connected-economy. Nowadays, "digital innovation" is a big wave of business transformation based on digital technologies. IoT, Big Data, AI, FinTech and various leading-edge technologies are key components of such business drivers.
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at @DevOpsSUMMIT and CloudEXPO tell the world how they can leverage this emerging disruptive trend."
Having been in the web hosting industry since 2002, dhosting has gained a great deal of experience while working on a wide range of projects. This experience has enabled the company to develop our amazing new product, which they are now excited to present! Among dHosting's greatest achievements, they can include the development of their own hosting panel, the building of their fully redundant server system, and the creation of dhHosting's unique product, Dynamic Edge.
Nutanix has been named "Platinum Sponsor" of CloudEXPO | DevOpsSUMMIT | DXWorldEXPO New York, which will take place November 12-13, 2018 in New York City. Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix Enterprise Cloud Platform blends web-scale engineering and consumer-grade design to natively converge server, storage, virtualization and networking into a resilient, software-defined solution with rich machine intelligence.
Concerns about security, downtime and latency, budgets, and general unfamiliarity with cloud technologies continue to create hesitation for many organizations that truly need to be developing a cloud strategy. Hybrid cloud solutions are helping to elevate those concerns by enabling the combination or orchestration of two or more platforms, including on-premise infrastructure, private clouds and/or third-party, public cloud services. This gives organizations more comfort to begin their digital transformation without a complete overhaul of their existing infrastructure - serving as a sort of "missing link" for transition to cloud utilization.