At Google Marketing Live 2024, it’s been unveiled how AI is reshaping media, creative content, and measurement, heralding a new era in advertising.
Here’s a roundup of the groundbreaking products and updates that have been announced:
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Performance Max: The ads power pair
Combine AI-powered Search campaigns with PMax to drive the strongest conversion and ROI performance across Google’s channels. Together, these form the Ads Power Pair. Retailers using Performance Max have already seen remarkable results, with a 27% average increase in conversions or value at similar CPA/ROAS, even when combined with broad match and Smart Bidding.
These innovations provide greater control and transparency, along with advanced creative tools to scale assets while maintaining brand integrity.
You can now:
Generate visually engaging, on-brand ads using generative AI tailored to your industry.
Edit images across campaigns, including those from Google Merchant Center feeds, and utilize AI-generated images for better product representation.
Collaborate seamlessly with creative platforms like Canva, Smartly, and Pencil Pro.
Gain insights with improved Performance Max placement reporting on YouTube and asset-level performance metrics.
Enhancing Search Ads with generative AI
Generative AI advancements have been integrated into Google Search ads, enhancing their ability to guide consumers through complex purchase decisions. Key updates include:
Visual Search Ads: Shopping ads will soon appear at the top of visual search results when using Google Lens or Circle to Search.
Interactive Search Ads: AI-powered recommendations and multimodal inputs will offer personalized ad experiences, tested with select U.S. advertisers.
Ads in AI overviews: Search and Shopping ads will be integrated into AI Overviews, starting with a small experiment in the U.S.
Demand Gen campaigns: Visual storytelling at scale
Demand Gen campaigns help maximize your presence on YouTube, Shorts, Discover, and Gmail, driving conversions on immersive Google surfaces. Key updates include:
Optimization: Demand Gen is rolling out to Display & Video 360 and Search Ads 360, powered by Floodlight measurement.
Animated image ads: Retailers can now use animated image ads on YouTube Shorts, automatically generated from product feeds.
Lookalike segments: Smaller companies can now create lookalike segments with a minimum list size of 100 users, enhancing audience reach.
Retail and commerce: AI-driven shopping innovations
New ways Google AI can enhance shopping connections, ROI, and customer loyalty have been introduced. Highlights include:
Product studio: Transform static photos into videos and generate on-brand visuals instantly.
Virtual try-on: Launching for men’s and women’s tops, helping shoppers see how clothes fit on various body types.
360 views of shoes: Google AI will create 3D spins of your footwear from a few product images, enhancing Shopping ads.
Profit organization: Optimize for profit using cart-level conversions and cost of goods sold data in the Merchant Center.
YouTube: Engaging viewers and gaining insights
YouTube continues to be a premier platform for building connections and driving engagement. New features include:
Make your Shorts ads more interactive with stickers. In the next few months, stickers will be introduced to Shorts ads to help you make your ads more interactive and increase conversion potential in a way that feels native to the Shorts experience. It will use existing elements from your product feed, app store listings, or information from your ad campaigns and show them as clickable stickers on top of your Shorts ads.
Engage with more people watching Shorts. In the coming months, enabling ads to match the mindset of viewers watching Shorts, like the ability to swipe left to get to a landing page within YouTube, or the option to double tap to like. We’ll also give Shorts ad viewers the chance to discover your long-form content elsewhere on YouTube.
YouTube shopping affiliate program: Allows creators to tag products in videos, Shorts, and live streams, expanding the shopping experience.
Measurement and audiences: Building a durable foundation
Investing in measurement and audience solutions is crucial for long-term success. New solutions include:
Google Ads Data Manager: Simplifies the use of first-party data with integrations like Salesforce and BigQuery.
Generated insights in Google Analytics: Uses generative AI to surface trends, explanations, and recommendations.
Measurement diagnostics: A new hub for validating and troubleshooting your measurement setup in Google Ads.
In conclusion, Google Marketing Live 2024 has unveiled a transformative suite of AI-driven innovations across its advertising ecosystem, setting a new standard for how businesses can connect with their audiences. From Performance Max’s unparalleled optimization capabilities to the immersive visual experiences in Demand Gen campaigns, and the enhanced interactivity on YouTube Shorts, Google is empowering advertisers with more control, creativity, and insights than ever before. The advancements in AI-powered Search ads and the innovative tools for retail and commerce ensure that advertisers can deliver highly personalized and effective campaigns.
As these new features roll out, businesses of all sizes have the opportunity to leverage Google’s cutting-edge technology to drive better performance, deeper customer connections, and stronger ROI.
Want to brainstorm with our team on new ways to scale your business with YouTube Ads (and other performance video platforms)?
Join us for a free YouTube ad brainstorming session👇
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Mirna Peric, Lead Media Buyer
Mirna is a top-notch Media Buyer with years of experience and millions of dollars in revenue-generating ad spend to prove it. Her insatiable curiosity combined with a strategic mindset helps her stay ahead of the game when scaling our clients' offers.
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