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What Is Location Data? All You Need To Know In 2023

This guide will tell you everything that you need to know about location data:

Introduction

The global adoption of smartphones has grown at incredible speed in the last decade.

Mobile devices are a powerful tool for understanding the aggregated behavior of consumers.

Understanding device location opens doors to a wide range of use cases that are unique in many different ways.

Mobile location data provides a granular solution for consumer understanding. Combining this understanding with other datasets is helping to solve business problems and achieve goals across many different industries.

For these reasons, location data has quickly become the holy grail of mobile. Its applications are broad and run across a number of different industries and verticals.

But before we get onto that, what exactly is location data?

What is location data?

The smartphone

The mobile device or smartphone has been revolutionary. Its growth has been incredible – many predict that there are now more of these devices in the world than there are people.

Smartphones have transformed everything about our everyday lives -we rarely leave home without it, and it’s always on our person, ready to provide us with instant information or guidance.

These devices have enabled the location data industry to understand how audiences move and behave in the real world. This information is location data. It comes in many different forms and from various sources.

 

What is location data?

Location data is geographical information about a specific device’s whereabouts associated with a time identifier.

This device data is assumed to correlate to a person – a device identifier then acts as a pseudonym to separate the person’s identity from the insights generated from the data.

Location data is often aggregated to provide significant scale insights into audience movement.

 

How is location data generated?

Companies are collecting location data in many different ways. There are several different techniques to collect location data. These techniques differ in reliability (but more on that later).

For now, the primary process of collecting location data requires the following ingredients.

A location source/signal

The first ingredient is a location signal. This signal is not a product of the device itself – it comes from another piece of technology that produces signals. The device listens to these external signals and uses it for positioning. These signals are as follows:

 

GPS

GPS is shorthand for the global positioning system and was first developed in the 1970s. The system is made up of over 30 satellites which are in orbit around the earth. This technology works in your device by receiving signals from the satellites.

It can calculate where it is by measuring the time it takes for the signal to arrive.

GPS location data can be very accurate and precise under certain conditions, mostly in outdoor locations. In the best instances, the signal can be reliable down to within a 4.9 metre radius under open sky (source) .

 

Wi-fi

Wi-fi networks are another source of location signals that are great at providing accuracy and precision indoors. Devices can use this infrastructure for more accurate placement when GPS and cell towers aren’t available, or when these signals are obstructed.

 

Beacon

Beacons are small devices that are usually found in a single, static location. Beacons transmit low energy signals which smartphones can pick up.

Similarly to Wifi, the device uses the strength of the signal to understand how far away from the beacon it is.

These devices are incredibly accurate and can be used to place a location within half a meter with optimal signal strength.

 

Carrier data/cell towers

Mobile devices are usually connected to cell towers so that they can send and receive phone calls and messages. A device can often identify multiple cell towers and by triangulation, based on signal strength, can be used to place a device location.

 

An identifier

Each smartphone needs to be associated with an identifier to understand movement over time. This identifier is called a device ID. For iOS, this is called an Identifier for Advertising (IDFA), and for Android, it’s called an Android Advertising ID (AAID).

 

Meta data or additional dataset (optional)

A location signal combined with an identifier will allow you to see the movement of a device over time. However, for more detailed insights and to get more value from location data, you’ll need some metadata or an addition dataset.

The most common dataset to do this is a POI dataset. This dataset includes points of interest that are important when comparing how audiences move and behave in the context of the real world..

For example, a series of latitudes and longitudes showing how Londoners move between 7-10am could be useful. Tying this to a dataset that included tube stations and key travel routes would allow you to do much more with the initial data.

Location data sources – where does location data come from?

So, we have already looked at the ingredients that combine to make location data, including the different types of location signals. However, what are the sources of location data? If you are looking to use location data in your organization, then you need to know the differences between every potential source. It’s also important to have a data governance strategy to manage the data effectively.

The source can have a significant effect on accuracy, scale and the precision of devices. So, from where does location data come? There are three primary sources:

 

The bidstream

A sizeable proportion of location data comes from something called the bidstream (also referred to as the exchange). The bidstream is a part of the advertising ecosystem. Don’t worry if you’ve never heard of this – we’ll explain everything.

Explainer: The ad buying ecosystem

The ad buying ecosystem

Before we talk about bidstream data, it’s helpful to understand how ads are bought and sold.

  • Direct deals with publishers such as an app, site, or network.
  • Ad networks which group ad inventory to sell it to advertisers
  • Ad exchanges provide a solution for publishers to offer up their inventory programmatically, allowing advertisers to buy it in real-time. Purchasing advertising inventory in this way produces a bid request.

 

Why is this relevant for location data I hear you ask? In every bid request information is passed on – this data contains several attributes used to determine whether to serve the ad on the device.

Included in this dataset is a form of device location. A company will package up this location data, and the result is the bidstream location data that is available today.

Bidstream location data is appealing because of the sheer amount of it – it can very quickly provide a large amount of scale. However, bidstream data also comes with specific issues – it can be inaccurate, inconsistent, and even fraudulent. Because it’s captured programmatically ,then bidstream location data also has the benefit of being immediately actionable.

“Up to 60% of ad requests contain some form of location data. Of these requests, less than a third are accurate within 50-100 meters of the stated location”

 

Telcos

Remember, in the last section, when we identified location signals? Cell tower location is one of these and is the process of triangulating the strength of mobile cell tower signals to place the device in a specific location.

This kind of location comes directly from a telecommunications company (telco). Usually, they have some demographic data associated with the location data.

Similarly to bidstream data, the scale that telcos can offer (they have an extensive reach as in many countries few companies serve the entire population) is appealing.

However, in the same way, this scale is masking many issues with the accuracy of the data. Some studies have found that as little as 15% of data sampled was incorrect.

 

Location SDKs

A software development kit (SDK) is a toolkit that app publishers can add to their app to provide third party functionality. Developers add location-based SDKs to their apps to access the most precise and accurate location data signals from the user’s device.

Location SDKs come in many shapes and forms – some make use of the core location functionality present in the OS, others do a degree of data processing on top, to boost accuracy.

Some SDKs only operate in the integrated app when the app is open. Others can run in the background to gain broader insights into the movement and behaviors of the device.

Location-based SDKs collect data with the user’s consent – the apps native permissions often collect this consent, but some SDK providers offer consent tools to ensure that the location based app is collecting data in accordance with relevant regulations.

The difference between SDK generated data, and other sources of data can be seen in the accuracy and precision of datasets. Data collected by location SDKs are more accurate because they can listen for multiple location signals.

For example, SDKs can use the device’s built-in GPS to place the device and then, using Bluetooth signal strength from beacons, verify and fine-tune the location of the device down to within a meter of accuracy.

Location SDKs usually have a more sophisticated way of understanding how the device is behaving. For example, the Tamoco SDK uses motion behavior and other entry/exit events to know when a device visits a venue or location.

 

Why isn’t all data collected using SDKs?

If location SDKs are the most accurate and highly precise, then why don’t we use them to collect all location data?

The issue with many location SDKs is that they require integration into a publisher’s app. This app then needs to cover an adequate number of devices before the data is representative enough to gain any valuable insight or relevant patterns.

However, some SDKs have been built with functionality that benefits the publisher and limits battery usage to a minimal level. These SDKs are the ones that have achieved significant scale.

For example, the Tamoco SDK is optimised to send data in batches to minimise the number of requests. We also modify how data is collected depending on the current battery level.

All of these factors are a direct result of a close working relationship with our developer partners and allows the Tamoco SDK to scale along with our partners.

 

Publisher datasets

It’s possible to obtain location data directly from app publishers. Some publishers have developed methods of obtaining location by using the devices inbuilt location services.

These will usually coincide with a location-based process within the app – such as looking up a nearby restaurant.

These are often not as accurate as the location SDKs that have been carefully built to collect verified location signals. However, they can be a good source of location data as long as you can validate and understand the process of data collection put in place by the publisher.

We’ve already said that good location data is accurate and precise. However, let’s take a step back and ask ourselves a question – what do we actually mean by accurate and precise location data?

Location data collected by smart devices usually come in the form of a latitude and a longitude coordinate, or a lat/long. This reading refers to the perceived location of the device at the time.

However, how can we make sense of this number and understand if it’s accurate?

 

Location accuracy v location precision

You might think that accuracy and precision can be used interchangeably. However, in the world of location data, they have different meanings

Accuracy

Accuracy is a measurement that helps us to understand how close the device’s geographical reading is to the actual location of the device.

So how do we measure accuracy? The location accuracy of the device changes depending on the type of signal and the device. Accuracy is measured by looking at the signal type (GPS, wifi, cell tower). The device provides us with a reading of the location and then an accuracy rating. This unit is usually a measure of distance and is the margin of error associated with the measurement.

 

Precision

Precision is the level of detail associated with the location measurement. The more this is is similar to the other measurements in the dataset, the more precise the data is.

In location terms, we use lat/long to measure this. Firstly we check to see if the data points are realistically within the same area.

The number of decimal points in the lat/long is essential in measuring the precision of location data. The more digits there are after the point, the more precise the data is.

The following table helps to explain precision when looking at lat/long:

Decimal Places Decimal Degrees DMS Qualitative Scale
0 1.0 1° 00′ 0″ Country or large region
1 0.1 0° 06′ 0″ Large city or district
2 0.01 0° 00′ 36″ Town or village
3 0.001 0° 00′ 3.6″ Neighborhood, street
4 0.0001 0° 00′ 0.36″ Individual street, land parcel
5 0.00001 0° 00′ 0.036″ Individual trees, door entrance
6 0.000001 0° 00′ 0.0036″ Individual humans

 

Not all mobile location data is equal

As many in the industry have stated: the type of location data and methodology is of significant importance. The relevancy of different kinds in different scenarios is often contented.

Mobile location data requires some fundamentals to provide granular insights that we discussed earlier.

So what’s the best way to accurately and precisely collect location data and what happens when signals such as GPS aren’t working?

We think this is another argument for SDK generated data. For example, the Tamoco location SDK can listen for multiple signal types simultaneously. Processing these signals allow the SDK to measure accuracy and then determine which signal to use.

Our SDK, therefore, uses Bluetooth and Wifi to help position the device in areas where GPS signals are weak. This sensor agnostic approach means that the SDK can place the device with better accuracy and more precision by using multiple signals.

Remember, when we talked about the three main ingredients that combine to produce location data. We’ve covered the device and its identifier. We’ve also covered the signals that the device used to position itself.

However, we are yet to cover the additional data that is needed to make use of the dataset. As we have discussed location data is usually a lat/long associated with a device and a timestamp.

We need to understand what this location is to make any use of the data. Knowing a device location is half of the challenge. To do this, we use database that allow us to connect this online data to the offline world. We call this a POI dataset.

 

What is POI

A point of interest (POI) dataset is a data representation of the physical world. A single POI is a geographic boundary and is usually associated with a physical location (think a store or building).

As with location data POI datasets come with a series of challenges including accuracy. Business regularly move, and as changes happen in the real world, the datasets evolve accordingly.

At Tamoco, we set up our own Place database to explore-in-depth how devices move and behave in the offline world. This database is slightly different from a POI dataset.

 

Explainer: Tamoco places

  • Contains metadata associated with the place – opening hours, floor level, polygon footprint and other essential information that can help to verify if a device entered the POI.
  • Combines with an associated geographical boundary (geofence) that can be used to understand the device activity inside and how long it stays inside.
  • Combines with any known sensors (beacons, Wifi, or other signal based tech) to help understand when a device is visiting the POI and not in fact staying in a place nearby.

 

What’s the importance of POI?

Perhaps the best way to understand the importance of a useful POI dataset is by using a real-world example.

 

No POI

In the above example, we don’t have a POI dataset. We have multiple lat/long, which might be accurate and precise, but we get no value from this as we have no connection to the real-world.

Bad POI

Here we have a POI dataset which connects the lat/long to a physical location. However, the POI is slightly in the wrong place, which means we think the device has visited the coffee shop, but they are waiting outside, or elsewhere. The implications of this will become more evident in the next section.

Places database

Here we have a place with opening hours and altitude. We have a geofence which allows us to see when the device enters and exits. We also have a Wifi and beacon sensor that we know is inside the coffee shop. Using this, we can verify with accuracy that the device was inside the place.

 

Connecting location to POI

At Tamoco, we do this through a process called visits. This methodology is a powerful data science technique that allows us to validate whether the device is inside a place and to say with a level of accuracy how long a device was inside.

Where other data providers will claim a device is inside a store if a single lat/long shows up inside a POI, we go much further.

What happens if this single data point is an outlier from a car driving past. What if the POI is in the wrong place?

Tamoco uses essential device information (yes, this is possible only by using a location SDK) such as motion type to verify visits to a place and filter out any false visits.

 

Location data use cases – how to use location data

Hopefully, by this point, you will have understood more about how location data is collected and how device location is used to understand the connection between online and offline.

However, what are the uses for accurate and precise datasets? How can your business benefit from adding location data to your business? How do you integrate this data effectively?

 

Segmentation and targeting

Marketers are always looking for ways to identify relevant audiences for their advertising campaigns. They want to segment their audiences as much as possible to maximize campaign relevancy and convert more users into paying customers.

Location data is an effective and unique method to achieve those goals. The reason for this is that location is a significant indicator of behavior, interests, and intent.

For marketers, the patterns that you exhibit can be used to create a very detailed image of what you look like as a consumer. Location data helps to create an accurate representation of your interests, and this can be used to bring more targeted and relevant ads to potential customers.

When using location data to target audiences, there are a few things to consider. Depending on the business and the campaign marketers may use a different combination of each of these in a single campaign.

 

Real-time v historical

Marketers might want to run a different campaign depending on the kind of data available to them. One way that they do this is based on time.

 

Realtime

Realtime location-based targeting involves identifying when a device is in the desired location and usually involves a mobile targeting. The process is simple – when the user is in the desired location, deliver an advert instantly on that users device through programmatic advertising.

 

Historical location targeting

This form of targeting is usually called retargeting, and it is similar to real-time that we discussed above. The difference is that over time, the devices that appear in a predefined location are used to build an audience. The advertiser will then retarget this audience at a later date.

 

Visits vs interests

Visits

Targeting based on visits is a clear way of building an audience that has visited real-world locations such as a specific coffee shop.

Depending on the value of the POI database this can be extended to include devices that have visited all of the stores across a brand (for example every Starbucks) or every visit to a type of venue (example – visits to coffeeshops in Austin).

 

Interests

Using location to target people based on interests is another way of reaching a highly specific audience. This method is similar to visits but usually consists of several repeat visits to a location or combined visits that fit particular criteria.

For example, an interest-based target audience, such as big coffee drinkers could contain devices that have visited any coffee shop at least three times in a weekly period.

Another example could be active consumers – these could visit both a gym and a health shop within a month.

Interest-based location targeting is interesting because you can create very specific segments. However, as with other aspects of location-based targeting, the more specific you get, the less scale you can achieve with your campaigns.

 

Channels for location-based targeting + examples

By combining these, you can create highly targeted audiences using location data. But how do you then reach them?

 

Programmatic

Using device identifiers marketers can feed relevant devices into their programmatic stack to automatically buy ad impressions and target the desired devices in near real-time.

The same data can be used to retarget at a later date in a social feed or via another programmatic channel.

The benefits of this strategy are that you can automate a lot of the marketing process. By using location-based audiences, you can ensure that you are reaching the right audience with the right message.

Tamoco offers these as pre-built segments (both visit and interest based) that can be activated directly in your DSP for targeting, or in your Data Management Platform (DMP) for combining with other data sources.. This process can be used to reach consumers across several programmatic channels and on different devices.

 

Some examples

Drinks brand targeting consumers in real-time when they visit a venue.

In this situation, we would identify several venues that stocked the relevant products. By feeding visit data into the programmatic stack, it is possible to deliver mobile ads to the device while that visit is going on, or after the visit has occurred. This ad could appear in-app inventory or while browsing the web on the device.

 

Retargeting through social visitors to gyms with a health drink

Here visits to the category of gyms would be used to build an audience. Next, we would feed the audience into the social targeting platform (facebook ads or similar). The campaign would deliver the retargeting ads to the consumer in their social feed.

 

Targeting a competitor’s bank customers with a better offer

In this example, devices seen inside a competitor bank are targeted with advertising intended to initiate a switch to a new bank. The data would be historical and might include multiple visits to verify the person is a customer. This data could be used as part of a campaign across several different channels, depending on the marketing stack.

 

What about location-based segmentation?

The examples we have given include building a new location-based audience to feed into targeting solutions. However, the same principles can be applied to an existing audience.

For example, you can use location data to segment your audience into more specific segments and tailor each targeted ad to be more relevant to each segment.

 

Personlization & engagement

Today’s consumers demand a high level of personalized communication. Location data can help to bridge the gap between communication and personalization.

Location data can help to personalize ads and messaging to new customers. It can also help to personalize the customer experience.

Consumers want personalization, and everyone from marketers to product designers wants to deliver it.

 

Location-based marketing personalization

In marketing, location data can help to personalize ads, changing the creative for segments of the audience. This personalization is done by segmenting the ad audience based on location data behavior. These segments are then used to deliver creatives that are relevant to their behaviour – think ‘enjoyed your coffee today’?

Tailoring the ad message boosts personalization and boost the key metrics that marketers are always looking to improve

 

Location based engagement

Location technology can also be useful for personalizing the customer experience. Integrating a location SDK into your consumer-facing app can support location-based personalization, boosting engagement and retention in the long term.

For example, you can deliver contextual notifications when a user is in a relevant location. Remind users of items left in their app basket when they are nearby to a physical store, for example.

 

Using location to predict what your customers want

The data that marketers now have at their disposal has enabled them to do more than just personalize based on past consumer behavior.

Location datasets can take personalization to the next level. B2B content marketing personalization is becoming predictive. Brands and advertisers can now combine multiple data sources to understand how consumers behave on both a micro and macro level.

Using this information, it’s possible for marketers to become predictive with their personalization.

Marketers can continuously update their perceived customer profiles with data that explains a consumers profile clearly. This process helps the business to personalize the consumer journey and remove potential barriers to purchase.

 

Measurement and attribution

As we have seen, the world of marketing and advertising can benefit from using location data in their targeting, segmentation, and personalization strategies. However, location data is valuable in another area where marketers have struggled – attribution.

Advertising is usually quite easy to measure in the online world. If a consumer clicks an ad and makes a purchase, this can be measured and attributed pretty accurately to the ad.

However, what happens if the goal is a store visit instead? Marketers have been scratching their heads for years trying to solve this conundrum. Location data is the missing link that can connect the two.

Location data can act as the link between the online and offline, linking a digital programmatic ad to a store or venue visit.

This link allows marketers the ability to measure and quantify the return on investment from their campaigns. The same capability is useful for out of home (OOH) providers who are looking for a way to link their real-world ads to digital or physical conversions.

 

It always goes back to accuracy and precision

Location-based measurement and attribution are useful, but it requires data that accurately represents a consumer’s real-world behavior. This data needs to be more than just a single data point – marketers need to know with certainty that a store visit is attributed to an ad to measure ROI effectively.

This requirement is another argument for a place visits methodology that we have already discussed. Device characteristics such as motion and dwell time are essential in providing an online-offline attribution solution that accurately links digital ads to store conversions.

 

Examples

Digital campaign attribution

An agency is running a campaign for a clothing brand. The campaign is delivered to audiences programmatically. The campaign aims to drive footfall to stores stocking a new range.

The impressions and clicks can be measured by the agency, but the brands want to know if the campaign is driving customers to their stores.

Using location data and matching against the IDFA/AAID’s targeted during the campaign, an exposed audience is created. A control audience is also built to compare the exposed group against users who weren’t targeted during the campaign. By having an exposed and control group who were equally likely to visit the clothing brands stores before the campaign, it is possible to isolate the impact the advertising had on store visits by seeing how store visits between the groups move during, and for a period after, the advertising period.

 

OOH

A brand runs an OOH campaign across multiple OOH sites and wants to understand which of these was the most effective in driving online purchases, or whether the OOH advertising was driving online purchases in the first place.

Through an accurate understanding of where the OOH sites are located, and by accurately and precisely understanding how a device moves in relation to the site (an accurate view of this needs to factor in how much time a device spends close the site, how fast they move past the site and a number of other factors the Tamoco SDK factors in) it is possible to build a group of devices that were likely to have been exposed to the OOH advertising.

These devices can be compared to similar devices that weren’t exposed to the advertising, and their device identifiers can be matched to customers in the companies CRM or DMP to measure the impact the OOH advertising had on store purchases as well as which of the OOH locations was the most effective in driving purchases.

 

Analytics and insights

Location data is a useful tool to analyze how large numbers of people move and behave to identify large scale trends and patterns.

These kind of insights are usually difficult to attain at scale in the offline world. Location data works as an indicator of where people go and how they behave – and how these change over time.

In the realm of advertising and marketing, location-based analysis can deliver valuable insights, such as:

  • Comparisons between brand, category, or another group of physical locations over time. Such models will look at the footfall changes over time.
  • A brand can use location data to understand more about its customer demographics – where they live and work, where else they shop
  • Insights into their store performance – average unique visits per month, number of repeat visits, average visit length.

This analysis can be used for a variety of adjustments. Including changing campaigns to suit the real-world behaviour better, to fundamentally changing market strategies to match the data of how a customer is behaving in the real world.

 

Beyond advertising

These same insights can be applied outside of the marketing and advertising vertical. Using footfall can be useful across a range of industries including retail, finance, real estate, healthcare, and government.

 

Retail

Location data can be useful for both smaller and large retailers. Understanding store visits, as well as customer behavior through mobile device data, is having many positive effects on the retail sector. These insights can help inform business decisions such as store layout, opening times, staffing, and more.

 

Finance

Location data is an essential tool for finance analysis. Device location can help to identify fraudulent activities and protect users with an added layer of security.

Understanding footfall through big data sets is valuable for the financial sector. Mobile device data can help to forecast earnings, number of customers and other KPIs before they are formally reported. These insights help to inform investment decisions.

 

Real estate

Anyone looking to invest in real estate, or open up a new store branch can use location data to understand how busy certain areas are, what type of people you’ll see in certain areas and how well similar businesses in that area perform.

 

Government

The rise in mobile location data has provided better opportunities to understand how cities work. It’s helping to create systems and infrastructure that reflects this.

Combined with the increasing number of connected devices in cities, central planning authorities now have a set of tools that can inform decision making in many different areas.

Mobile location data is contributing to a better understanding of where demand for public infrastructure is most significant. For example, we could examine mobile device location data to understand the most cycled roads within a city. This information is precise and invaluable when planning where to implement new cycling routes.

The same is true of traffic and congestion. In increasingly crowded and polluted megacities, it’s crucial to understand how traffic issues can be alleviated. Understanding traffic flow and where to build new road structures or introduce new low emission zones is vital to making the kind of smart city that can sustain current levels of population growth.

Location data can have a substantial positive effect on this kind of planning. Thanks to the accuracy and uniqueness of mobile device data and location intelligence, it is changing how decisions are made in cities and towns around the world.

 

Verification

Transparency – why do we need it

As the amount of location data available to businesses increases, there is likely to be more bad data. Poor third-party data sets are becoming more frequent, with providers unable to validate the accuracy and precision of the data.

We’ve already discussed the need to for accuracy and precision in location data – the difference can mean a falsely attributed visit, irrelevant targeting or a negative impact on customer engagement.

The most accurate providers will be able to verify their first-party data sets. They can provide a detailed methodology around how they collect data. This is one of the main benefits of working with a provider that controls data collection – their data is first-party and therefore reliable and transparent.

 

Explainer: 1st, 2nd and 3rd party data

Third party data is data that is purchased from outside sources where the provider you are working with is not the direct collector of the data.

Second-party data is somebody else’s first-party data. This data comes from their first-party audience, the source is clear, and the provider usually demonstrates the accuracy and collection.

First party data is your data that is collected directly from your audience or customers.

Of course many businesses don’t collect first-party location data so they work with a location data company to source the data for their campaigns, or other business needs.

In this scenario, second party data is much more reliable than third-party data. You can understand how the data is collected as the methodology is transparent, and the data accuracy can be verified. Of course, this doesn’t confirm that the data is accurate – but at least you can check yourself if this is true.

The best providers can explain how they collect data, how they filter out inaccurate data and can usually provide a reliability score with data to allow the end-user to understand the data they are working with.

 

Privacy

2018 saw the introduction of GDPR in Europe. In the US, the upcoming CCPA act data privacy will still be front and center in the data community. We are quickly moving towards a world where each individual will have control over their data.

Businesses using location data will need to take a similar approach. It’s pivotal to allow the individual to take control of their data. Businesses must inform users of how their data is used. They must provide clear opt-in and opt-out solutions so that transparency can be placed at the center of the big data revolution.

Businesses that utilize location data will need to be clear about how they collect and use consumer data. Location data providers need to have a clear opt-in process that allows consumers to understand how their data is used.

Data providers should provide solutions at the point of collection, which allow them to manage consent preferences through to the point of data use.

As with the verification of accuracy, understanding data privacy is more accessible if your provider is working with first-party data.

For example, at Tamoco, we have built consent functionality into our SDK. This allows the publisher to collect user consent at the point of data collection in accordance with the IAB framework.

For the data user, this means that they can understand how consent was given, and for which purposes.

Companies will now need a robust framework of data management and governance to move forward.

When choosing a location data provider to work with, there are many things to consider. With several different sources, signals, and methodologies available, it’s essential to understand exactly what each provider is offering.

We have put together the following list of questions that are useful when selecting a location data company.

 

Buying location data

So you have a valid use case for location data, how to do you go about purchasing location data?

We have put together this section to help you to understand what to look for when working with location data providers.

 

What does good location data look like?

As we mentioned earlier, it’s important to look out for a few things when buying location data you should look for the following attributes.

Quality

In terms of quality, you want location data to be accurate, and you want it to contain the attributes that you need to achieve your goals. In terms of accuracy, you should look out for a score in the data set. This will tell you how much you can trust a data point. It might make sense to filter out data that sits below a certain level of accuracy, depending on your project. Don’t be afraid of asking your location data provider if they can give you a trust or accuracy score.

Then you should look at the metadata. Most providers will provide more than a lat long. As a good rule of thumb here are the attributes that you can expect to find in a location data set:

Field

Description

Example

device_id The advertisment id for the phone 6E82079C-8346-4DA5-BF5B-76214862F7DC
device_ip IPv4 address 192.0. 2.146
event_ts The timestamp of when the location observation was collected 2020-12-06 16:39:28.000 UTC
latitude The north-south position of a point on the Earth’s surface. First part of the device location 30.27297
longitude The east-west position of a point on the Earth’s surface. Second part of the device location -97.731528
geohash A 1.2km x 609.4m grid which the Latitude and Longitude falls under 9v6s0p
accuracy The accuracy of the device in meters 10
region ANSI standard two letter state code TX
country ISO 3166-1 alpha-2 country code US
device_type Device type Phone
device_os The type of operating system. iOS or Android Android
device_make Extracted from the phones user agent. Defines the device manufacturer Samsung
device_model The device model number. SM-A300FU
app_id A anonymized and internal identifier for a unique app supplier 2684758

 

Scale

When purchasing location data you need to ensure that the provider has sufficient scale in the country where you need the data. You should consider how large the country is and then ask how many unique devices are in the dataset. This ratio will give you a good idea of the provider’s coverage in that area.

Some projects (training AI) might require a higher level of coverage, whereas other use cases could be workable with less.

Ready to buy location data? Speak to one of our experts today.

 

Best location data providers

Ultimately different location data providers and companies will be better suited for different types of location data.

Here we’ve don’t the legwork for you and broken down the best location data providers for each data type.

Best provider of raw location data

Raw location data is location data or mobility data in its purest form. This data is often pseudonymized but you should check with your provider. The primary use cases here can be vast, but they can feature in a number of industries from automotive to finance and marketing.

Best provider: Tamoco.

At Tamoco they carefully curate personalised feeds or raw data. It’s powered by leading ML algorithms to filter out bad data and it’s fully filterable by region, time or another attribute. Best of all it’s delivered programmatically in a way that suits your project.

 

Best place to buy property data

Property data is used to augment raw data to provide an outline of buildings and or pieces of land that don’t show up on a classic map.

The primary use of these datasets is to asses building risk factors.

Best provider: SafeGraph.

 

Best place to buy visits data

Visits data is a form of mobility data that is used to identify how many times a device is seen in a particular location. This data uses a proprietary technique to attribute. raw location point to a POI.

The used for this are found in retail, finance and governance.

Best provider: Tamoco.

 

Best place to buy mobility data

Mobility data is counts of people that visit a POI but they are generally anonymized and done on a higher level than a single POI. This kind of data will usually include timings such as average times of visits.

This data type is used for advertising, urban planning and insurance..

Best Provider: Tamoco.

Tamoco provides extensive mobility data and is one of the leading mobility data companies that operate globally. Its smart tech allows datasets to be generated quickly based on fully custom requirements.

 

Where can you buy location data?

You can find location data in a number of places from marketplaces, and exchanges or by talking directly to location data companies. These companies will have a dedicated team of experts who can help you to understand the nuances of location data, mobility data or geospatial data.

 

How much does location data cost?

The cost of location data can vary hugely depending on your use case or the size of the dataset. Other factors that can affect the cost of location data are the region (some country’s data is worth more than others) or the quality.

 

Questions to ask a location data company

Place/POI

What is the source of this data?

How much of your POI data is 1st party vs. 3rd party?

How do you organize the geographical area around a POI or place?

Can you share how precise your POI/place data is?

How many POI locations do you have?

What metadata is associated with these places?

How do you verify your place database?

 

Device

How do you collect location data? Is this process first-party, or is the data 3rd party?

What type of device data do you use (GPS, wifi, beacon, etc.)?

Is your data sourced from an SDK?

Do you have a method in place to filter out data that isn’t relevant for my campaign or merely inaccurate?

what is the scale of your dataset?

 

Red flags

The number of Businesses in the location data space can make it hard to differentiate between them. Below are a few red flags that you should keep an eye on the next time you’re speaking to one of these companies.

All of our data is accurate to 5m

Some data providers will make big claims regarding how accurate their GPS derived data is. As mentioned earlier, GPS can be accurate within a 4.9 meter radius, and this can be further improved when combining with WiFi and Bluetooth signalling.

The truth of the matter though is that GPS accuracy will vary massively, possible reasons for this are:

  • Mobile devices lose and regain mobile reception as they move around
  • Buildings, bridges, trees and roofs can block and reflect GPS signals

The better data providers don’t just look at the accuracy of GPS signals. They will take additional data fields into account, such as looking at the motion type, speed, altitude etc of the device to determine the likelihood of a device visiting a store at a given point in time.

Accurately measuring how a device moves is a complex issue, and you should be wary of data companies giving simple answers with blanket statements.

Our visit data is correct because of our precise polygon geofences

Accurately mapping POI is important to try to understand whether a device actually spent time there. However, a lot of data providers out there will claim that the reason they’re able to attribute POI visits is because of the precise polygons they’ve been able to draw around POI.

As mentioned above, GPS accuracy has a high degree of variability. You can have a precise polygon geofence around a 20 square meter retail unit, however if all the signals you place inside the geofences have +/- 50 meter accuracy, you’re not doing a good job at understanding who spends time in that POI.

 

Want to learn more?

At Tamoco, we are always innovating in how we collect and use device location. We’ve spent years fine-tuning our methodology to correctly verify how a device moves and behaves in the real world.

What is location data?

Location data is geographical information about a specific device’s whereabouts associated to a time identifier. This device data is assumed to correlate to a person – a device identifier then acts as a pseudonym to separate the person’s identify from the insights generated from the data.

How accurate is location data?

Location data is only as accurate as the source. GPS is usually the most reliable but only outdoors. Usually a combination of Bluetooth, GPS and other signals will provide a more accurate reading of device location.

Is location data compatible with GDPR?

Yes. Businesses that utilize location data will need to be clear about how they collect and use consumer data. Location data providers need to have a clear opt-in process that allows consumers to understand how their data is used. Data providers should provide solutions at the point of collection, which allow them to manage consent preferences through to the point of data use.

What is location data used for?

Location data can be used to target, build audiences, measure and gain insights and understand the offline world.

Categories
Apps

Best App Revenue Calculator – Calculate Ad Revenue 2021

Our new tool allows you to calculate how much revenue you can make from your app. For a detailed breakdown of how the calculator works, please scroll down.

About the app revenue calculator

This tool allows you to understand how much revenue you can make from different monetization strategies. The tool will tell you the monetization potential of your app across different monetization strategies.

The calculator focuses on two monetization strategies – advertising and data monetization.

 

What the results mean – how the ad revenue calculator works

In-app ads

To calculate app revenue for advertising the calculator needs the following input:

  • Average daily sessions
  • Session duration
  • Ads delivered per minute
  • OS breakdown – this is because CPM can vary significantly on each OS

We have researched each ad monetization platform to create an average CPM for each OS on each platform. Based on this, we can calculate roughly how much your app can make from both iOS and Android users on each ad monetization network.

Of course, these revenue estimates are a general guide. You might have an app that is more effective at delivering ads. You might also try another type of ad format, or receive payments on a conversion basis. This calculator considers cost per 1000 impressions (CPM) on a display ad inside a mobile app on a specific operating system.

The average CPMs for each mobile advertising network are Applovin, AdColony, Admob, InMobi, and Chartboost. The CPM of each network is visualized below

 

What is CPM?

CPM means cost-per-mille or cost per thousand. This essentially means how much you’ll earn from a thousand ad impressions.

Data monetization/Location monetization

The other type of monetization that this calculator looks at is data monetization. To achieve this, it requires some similar user metrics. It also requires the general breakdown of where your users are in the world.

As location monetization requires user opt-in, you’ll also need to estimate the number of app users that opt-in to location permissions on your app.

The calculator works by using Tamoco’s CPM range by country (what we already pay our app partners) and uses this to project what your app could earn.

This method of monetization can be used alongside advertising to supplement advertising revenue.

What is app monetization

App ad monetization

In-app advertising is one of the most common forms of app revenue. Publishers allow networks to deliver ads to their users for a share of the revenue from advertisers.

As the industry has developed many different ad forms are appearing. From interstitial to gamification, there are now hundreds of app formats in mobile applications. For a full breakdown, check out this guide.

 

Location monetization

Large app audiences can be valuable for many different reasons. One of these is that whenever a user interacts with your app, they generate a form of data.

This information can be anonymized and then quantified. It can then provides valuable insights into customer behavior. This is known as big data. It is used for many things – from how to build smart cities to deliver better and more personalized advertising to users.

Again, the following guide is the best place to understand app monetization.

Bonus: If you’re a freelancer or a solopreneur who manages and monetizes his/her own app, you can use this hourly rate calculator to get a better understanding of how much your earnings should be compared to your expenses.

Categories
Business

How geospatial data helps you build your server infrastructure

Location is one of the essential components that make up any hosting offer. Choosing the right location can contribute to various aspects of your website’s optimal operation. Today we want to analyze exactly in which ways, and how the geospatial data can be helpful in this task.

The importance of server location

When you browse the internet, you might have always had the impression that the websites you visualize pop up just from nowhere. That they are contained somewhere within the vast network of cables but without a concrete localization, with no option to answer exactly where a website is located. However, the case is just the opposite: every website can be traced back to a particular server upon which it is hosted, and every server is housed at a particular data center which is in turn located at some particular place. And the choice of this place is not occasional.

A website is located at a physical place and it has to cover a physical distance which requires a physical amount of time. The more distance, the more time. This time interval is referred to as latency and what we do when we organize our server infrastructure is to minimize the latency for everybody who is likely to access our website. In other words, make so that the server is as close as possible to all parts of your target audience.

Benefits of the right location

Benefits of the right location are presented by:

  • Customer contentment: Nothing is as annoying as a page that loads hundreds of years. When encountering such a website, you are likely to leave the website for good and look for another one. On the contrary, a site that loads smoothly and in no time is likely to leave a very positive impression if the rest of the aspects are fine. The more your visitors are satisfied after visiting your website, the more the probability that they stick, which results in more customers and more revenues.
  • SEO rankings: The other and less direct side of your website’s promotions relies heavily on the former more direct aspect. Indeed, page load speed is one of the criteria that are posed by search engines. The better page load speed you can offer, the better chances you have. Another point why location positively contributes to your site’s search engine optimization is that search engines also have the inclination to show in the first place the sites that are hosted physically closer to a particular visitor. Since it’s easier to get various services as long as their head office is located not far from you, the logic behind this is also pretty clear.

Choosing the proper location

To choose the proper location you have to make up your mind about where your target audience is to be. If your products target a particular country, then you just have to opt for the location that is directly in that country or in the next closest country to this region.

If you are not sure so far, in which country your target audience is to be located, you should apply a series of approaches and market research to figure out where your services will be most in demand. In this case, you’ll require the geospatial data related to the search request and choose your location based on it. If your target audience cannot be limited to a single country or a particular dense geographical region, what can help you is a Content Distribution Network

CDN

Content Distribution (and Delivery) Network abbreviated as CDN is an auxiliary service related to hosting that makes your website accessible to a more geographically distributed audience. A CDN is a network of interconnected servers that help deliver content to more remote visitors of your website omitting latency. This is achieved through caching. Some parts or just the whole content of your website is cached that is stored on the servers of the CDN, so the users can view it with much less latency. Besides that, a CDN gives a range of additional benefits, like reducing the load on your main server and optimizing the bandwidth consumption.

Gather the geospatial data about where your target audiences are supposed to be and choose a CDN service that can cover it at best.

There are many CDN offers available, some are connected to other services, and some offer just pure CDN. Keep in mind what exactly you want and how much you can afford to pay since offers can vary a lot in terms of services provided and price.

Conclusion

Geospatial data can provide valuable hints on what location will be the best one for your main servers as well as on how to organize your CDN infrastructure. Location is an aspect not to be neglected during the choice of a web hosting solution, so pay close attention to it. We hope that the information provided was helpful, thank you for your time!

Categories
Marketing & Advertising

What Is Ad Fraud? How Location Data Can Detect Ad Fraud

Online programmatic advertising is a huge, multi-billion dollar per year industry. Ad spend in this area is expected to reach over $300 billion next year. As well as this, other forms of online advertising are expecting similar growth.

The ease of programmatic ad buying and the vast growth of the market has lead to a rise in ad fraud that has infected the advertising ecosystem. Some estimates state that up to $42 billion will be wasted in 2019 due to fraudulent ads.

Some measures have been taken to protect against some basic types of ad fraud. But to counter more sophisticated fraud, advertisers need a more robust solution to counter the huge amount of ad fraud that exists in the industry.

Location could be this solution. Understanding device location and historical behavior can help to identify fraud better than other methods. In this post, we’ll look at the ways that advertisers can use location data to reduce ad fraud and limit the damage from malicious actors in the advertising ecosystem.

What is ad fraud?

Ad fraud is the practice of fraudulently impersonating online advertisement impressions, clicks, conversions or other KPIs in order to generate revenue.

Eliminating ad fraud with location

Does the device exist?

The first step is to identify if the device is a real device and not an emulator. Emulating a device is a common way of faking ad impressions and clicks. In some cases, emulators can even generate IP addresses to pass as a real device.

In this case, location needs to be more precise; the ad inventory needs to combine with sensors to verify that the device exists.

 

Are the ads landing where intended?

Let’s say that you have a campaign running in the US, and you are only targeting devices in the US. You can use location data to map where the ads are being delivered to the device. If there is a considerable disparity between targeting and delivery, then it’s highly likely that some of your campaign inventory is fraudulent.

Identifying fraudulent inventory is essential as often devices can change or move, and the targeting solution will not update these. But other times, audiences can contain bad inventory, deliberately including devices that don’t meet the criteria. This is why you should always carefully vet your data and audience providers.

 

Countering smarter ad fraud

What about eliminating the more intelligent fraud? Some ad fraudsters are generating fake IP addresses to spoof IP location monitoring.

Using a powerful location SDK can eliminate this. An SDK uses many signals to identify device location with greater accuracy correctly. Subsequently to trick a location SDK into registering a click in a fake location is much harder to do than a simple IP trick.

 

What about click farming?

In some cases, fraudsters will pay a real person to click and interact with specific ads in several different locations. Sometimes these devices are kept in one place; other times, they are the person’s personal device.

Location data associated with a device can be used to see if the device moves and behaves like a regular device. Understanding if a device stays in one place and combining this with other fraud detection methods, such as time to install, can dramatically increase the identification of ad fraud.

 

Towards a version of location ad fraud detection.

Integrating precise location into your ad stack can have a substantial positive impact on your ability to detect ad fraud. But using location data in a more traditional way can also help to understand if clicks and conversions are being bought.

For example, location-based attribution is the process of measuring if an exposed device eventually visits a physical location. This can also act as a way of vetting audiences and inventory.

Location data has many powerful applications across the advertising ecosystem. Detecting ad fraud is another application that allows advertisers and marketers to use location to reduce wasted budgets and identify partners that may be supplying them fraudulent inventory.

Categories
Business

Top Factors to Consider When Choosing a College

Like many high school seniors, you must have gone through tons of emails, texts, brochures, and social media posts of different colleges. After all, colleges must attract a massive number of students each term. A college is an important academic institution since it prepares you for university. Herein, you find your calling and choose by choosing a certain profession for life. 

But wait right there! How do you choose the best college? With plenty of online options, finding the right one can be an overwhelming experience. Especially when there’s nobody around to help you, it can be very daunting. Choosing a college is more like taking one step towards knowing yourself more. Here are a few factors to consider when choosing a college:

  • Academic Majors Available

Do you know what you have to study? Do you have a perspective on your future already? If yes, check all the colleges that offer your preferred majors. But if you’re a little unsure, it’s alright! Ensure that a college has a variety of majors being offered. This way, you can explore all the fields and see what fits your long-term goals. 

Don’t succumb to any pressure that is coming from your family. Explore your options and see your path. Keep in mind that students switch their majors very often after the first term. This is because they’ve not understood a subject they chose. Or, they might have explored a better option. 

  • Location

This old-school real estate mantra is still applicable in today’s time. Here’s what you need to follow when looking for your college:

  • Is it an urban or a rural area?
  • How close is the transportation to get home?
  • Is it close to your family?
  • What’s the climate like?

For example, if you are repulsed by high weather, you need to look for a place with an average climate. But if you want the location close to basic amenities, you’ll have to shortlist areas close to shopping centers, eateries, and hospitals. The location should be as such that it is close to every facility, which is important. 

  • Affordable Cost of Attendance

The higher the cost of education, the tougher the implications on your life. So it’s an important factor to choose when you’re looking for the best college. Find out how much tuition fee you’ll be paying to the institution. It’s important that you set a budget. And also don’t forget to compare the rates of the same course being offered by various colleagues. 

This will be an easy way to find a college that fits your needs. Secondly, we recommend you consider all the options available. Don’t let the sticker price of a certain college scare you. It’s always a good idea to ask about financial aid and scholarships. Very often, they will bring the tuition cost to a certain level. Wait until they approve of it, so you can decide on joining this place. 

  • Check For National Accreditation

The easiest way to check this is to follow guide to nationally accredited online colleges. It’s an easy way to rest assured about choosing a college that is recognized by your state. Choose a well-reputed college. Go through the student reviews online. 

They will help you weigh the pros and cons of choosing a college. There are tons of fake colleges online, so beware of them. Choose a college that has all the necessary certifications issued by the state. Don’t suddenly choose a certain college in the pursuit of saving money. 

  • On-Campus Facilities

You’re going to spend more than half of your days at the campus. So it should have all the basic amenities. Your college should feel like a second home. Secondly, if you wish to stay in the hostel, looking for a campus with all the basic facilities will become imperative. Here’s what a college must have:

Dining Halls and Restaurants

What kind of meals are available? Are there any restaurants at the place? Do they provide customized meals? 

Residence Halls

What kind of halls are available? How much do they cost? What does the apartment look like? 

Recreation Opportunities

Do they offer fitness classes? Do they have a gym with state-of-the-art equipment? 

Categories
Business

The Most Essential Things To Consider When Traveling To Different American States

Traveling is a learning experience that opens your mind and broadens your thinking capacity. When you visit new places, you can interact with local culture and meet new people. It can help you learn new skills and think from a different perspective.  

 

However, traveling itself can be tough. You have to manage your finances, ensure safety in the new place, and find a place to sleep and eat. This is easy when you are fully loaded financially. With a limited budget, you have to manage everything perfectly.  

 

Here is what you should keep in mind while traveling from one state to another. 

Ensure Personal Safety

When you are traveling to different states in America, you should be vigilant about your safety. While most cities are safe for tourists during the day, you should avoid going out alone at night, especially in areas that are dark and empty. 

 

The major parts of the cities that are great tourist attractions are mostly well-lit and policed. While some parts of the town may not be safe from thieves and burglars. Therefore, when traveling alone, you should consider the safety of your personal belongings and yourself as well. 

Manage Your Budget Wisely

When you are traveling a long distance on your own, budget is your limiting factor. You have to decide your every move by keeping in mind the money you have left. You should plan everything for the trip before starting the trip. You should know that you have enough money to get you back home safely. Start saving up for your trip to give yourself some extra money. You should consider a credit builder credit card to help you during the trip. You can build your credit for some time, and this card can work perfectly fine wherever visa cards are accepted. This way you will not have to carry hard cash with you. 

 

You can save up on your budget by choosing public transport to travel in the city, instead of renting a car. You can also look for hostels and cheaper hotels for accommodation instead of going to a five-star hotel room. Choose exploration over luxury when you are traveling for fun. 

Have A Travel Insurance

Every traveler should have travel insurance. Travel insurance can cover your loss during traveling. You might need medical attention during the trip. A doctor’s consultation fee can go sky-high. If you are asked to go through a series of medical tests, or you have to take medicines, the medical bills can put a strain on your travel budget. Travel insurance can help you get this money back through the claim. 

 

Travel insurance policies may also cover the loss of personal belongings during traveling such as passports, laptops, cameras, money, etc. having an insurance policy can help you stabilize your financial situation. 

Beware Of State Laws

When you are traveling to different states of America, you should be familiar with the state laws. The laws are different in different states and may make you a law-breaker with small mistakes. You do not have time and energy to clarify yourself in the courts by breaking any law unintentionally. While you can not learn every law that each state has different from the other, you should know the basics that you may encounter in your daily life.

 

For example, every state has different sales tax laws. You should know these sales taxes before shopping in different states. Similarly, every state has a different tipping policy. Waiters in the US earn through the tips. Therefore, it is mandatory to leave handsome tips with every meal you get. For example, you may leave a dollar for the bartender every time you get yourself a drink. Similarly, leaving up to 15% of the bill as a tip for the waitress at the coffee shop can help you avoid angry hosts. 

Pack Your Bags Lightly

Every traveler should pack light. Whether you are hitchhiking your trip, going on public transport like a train, bus, or an airplane or you are taking a road trip in your car, make sure you are packed lightly. If you are packed heavily, your luggage might create interference in your otherwise smooth trip. Make sure you have all the valuables such as a camera, laptop, money, and mobile phone in your hand carry.

 

Pack only a few sets of clothes and a few pairs of your comfiest shoes. Do not forget a hat, sunglasses, and your water bottle. You should have things that you need in your daily routine. However, try not to bring things that can be reused, such as clothes that can be washed. You should keep your important documents such as your passport and money in safe pockets to avoid unforeseen situations in public areas. 

 

Categories
Business

Everything You Need to Know About Life Insurance Payout

There’s no running away from the fact that every day unfolds something new and life is unexpected, so one must be prepared for the worse. This is where life insurance kicks in to save the day. However, our primary focus will be on the life insurance payouts for this feature alone. 

For your information, a life insurance payout is sent to the person’s beneficiary listed on the policy after their death. 

Here, they either receive the payment in installments or put it into an interest-earning account. So if you have been looking for some valuable information on this subject, you have come to the right spot. 

Before we dive deeper into the crux of this discussion, let’s begin with formal instruction on life insurance and how it works. 

 

What is Life Insurance, and How Does it Work?

Life insurance works like a conventional auto or a home insurance plan in simplest terms. You choose a policy and decide to pay the amount over a certain time. You begin to pay the annual premium in return for a certain coverage amount, which is needed at a certain time. 

But, if you pass away during the policy’s lifetime, your beneficiaries will receive a death benefit, which equates to the coverage amount. The only demarcation between life insurance and the rest of the policies is that they allow you to accumulate the cash value around the policy, which can be used in various ways. 

You need to understand that there are two kinds of life insurance plans:

  • Term Life Insurance

These policies are elaborate since they provide coverage over a long period, which usually ranges between 1 to 30 years. Premiums are similar to policy durations, and your beneficiary will receive the payout if you die during the covered term. 

But, you earn zero cash value with the term life insurance. Not to forget, a payout is provided in case of your death. Thus, making it similar to the other form of life insurance policies. 

  • Whole Life Insurance

This is acknowledged as the most common permanent life insurance plan, which will remain intact with you for life. Assuming that you are hands-on with making the premium payments. Cash value will start building up on your policy while you’re still alive. 

And you get to borrow this amount for personal use and can withdraw funds anytime you want. However, withdrawing funds will have a negative impact on the death benefits, which are provided to the beneficiaries. 

 

What Are The Life Insurance Payout Options?

Once a person has died, their beneficiaries have to file a claim that will be collected as a death benefit. Most insurance companies will take a few days or even weeks to process the claim form once they have received the deceased’s death certificate. 

However, if a fraud has occurred, the insurance company will stand an absolute chance to take the benefit of the doubt. Once the claim has been approved, the beneficiaries will have a choice on how they receive the death benefit. Here are the most common options for them:

  • Specific Income Payout

In this option, your beneficiaries will be allowed to receive the payout in monthly installments over a certain time. This way, they can rest assured that the amount doesn’t run out anytime sooner. 

For example, if the beneficiary has to receive $30,000 every year over 20 years, the total death benefit will amount to $0.6 million. And the life insurance company will keep the money secured in the interest-earning account, so your taxes will be collected automatically. 

  • Lump-Sum Fixed Amount

Beneficiaries who choose this option are entitled to the entire death benefit in one fine payment. This is a risky option, especially for those who mishandled money a lot. So when looking for how life insurance payout work, you also need to consult a financial expert on managing your funds. 

This will be a good option to take care of the funds received at once. Secondly, a bank account balance will hardly cover around $250,000, so placing the money in different accounts will be essential. 

  • Annuity

Also known as life income payout, this is a grant for the beneficiaries for life. Not to forget, the insurance company will ask for the ages of your beneficiaries when they file the claim. They do this to determine the payment amount that will accumulate at the time of the person’s death. 

Therefore, the death benefit amount, which remains at the end, will go back to the insurance company when the beneficiary has passed away. Thus, making your death payment more flexible and larger than before. 

  • Retained Asset Account

If the insurance company offers this option, the policy proceeds can be stacked in the interest-bearing account. The beneficiary will receive a checkbook in case they need urgent cash. And also, the insurance company will guarantee the proceeds In the account. 

Even if the balance exceeds the typical $250,000 limit, you will still be notified. This way, the beneficiaries can rest assured about receiving the sum on time. 

Categories
Business

Microsoft Azure for Students: Building Skills for the Future

Microsoft Azure is a cloud computing service created by Microsoft for building, testing, deploying, and managing applications and services through Microsoft-managed data centers. It provides a range of cloud services, including those for computing, analytics, storage, and networking. Users can pick and choose from these services to develop and scale new applications or run existing applications in the public cloud. Azure is commonly used as a platform for hosting and deploying applications, particularly in the context of serverless computing. Azure is out here revolutionizing the way we learn, and we’re all for it!

But before we dive deep into that, let’s talk about something equally important for students – paper writing. Yes, we know it can be the bane of your existence. All those late nights, the frantic last-minute scrambling, and, let’s not even get started on the anxiety of grades. This is where a professional service can be a lifesaver. Particularly for those in the challenging field of healthcare, a paper writing helper can help tackle those daunting essays and research papers, giving you more time to focus on honing your future-ready skills.

 

Okay, But Why Should Students Even Bother?

“Wait a minute,” you might ask, “Why should I, a student, care about a business tool?” Well, we’ve got three compelling reasons that might just make you rethink:

  1. Job Market Realness. Calling all future tech wizards! Cloud computing is the talk of the town, and the tech world just can’t get enough of it. And guess what? Azure is a big player in this game. If you’re dreaming of a tech career, having Azure in your skillset might just make your resume the star of the show.
  2. Freebies! Yes, you heard that right! Who doesn’t love free stuff, right? Azure is out here offering free services for students. So, you can experiment, learn, and grow without worrying about your wallet. That’s what we call a win-win!
  3. Practical Magic. Azure isn’t just about burying your head in books and theory; it’s about rolling up your sleeves and getting down to business. With Azure, you learn practical skills to solve real-world problems. From coding to machine learning, it’s like a digital tool kit for the modern world.

What’s In It For Me? The Student Edition

So, you’re intrigued by Azure. We like that! But what exactly does it offer you as a student? Here’s the scoop:

  • Education Central. Think of Azure as your digital library filled to the brim with rich learning resources. It’s got everything from in-depth courses that take you on a deep dive into the world of Azure to handy ‘how-to’ guides that help you navigate this new terrain.
  • Hands-on Labs. Azure’s interactive labs are like your playground for learning. It’s a place where you can experiment, make mistakes, learn some lessons, and grow. Because let’s face it, the best lessons often come from our biggest blunders!
  • Certifiable Genius. Feeling confident about your Azure skills? Why not show them off? Azure offers certifications that you can earn to prove your mettle. And trust us; employers will be all over you like bees on honey.

Future-Proofing Your Skillset

But let’s dig a little deeper. What skills can you learn? Here’s a detailed rundown:

Cloud Basics

Ever wondered how all your favorite apps store and manage their data? Well, it’s all thanks to cloud computing. With Azure, you’ll get down with the nitty-gritty of cloud computing, understanding the types of cloud services and how they drive business success.

Data Science & AI

Data is the new gold, and Azure is your pickaxe. With Azure, you can learn how to harness the power of data for decision-making and crafting AI solutions. And trust us, it’s as cool as it sounds.

Software Development

Ever dreamed of creating your app or maybe even a game? Azure can make those dreams come true. You’ll get your hands dirty with coding, app development, and even game development. We’re talking major bragging rights here.

DevOps

Azure also gives you a peek behind the curtain of the software world with its DevOps services. You’ll learn how software development and IT operations join forces to deliver continuous, high-quality results.

 

How Can You Rock Your New Skills?

So you’ve done it – you’ve climbed the Azure mountain, and you’ve got this amazing toolbox of skills. What’s next on the agenda? Where’s the party at? This is where the fireworks start. You get to put your new skills to good use. Here’s the lowdown:

  • School Swag: Ready to take your school projects from meh to epic? With Azure, your academic research is going to hit new heights. Handle huge data like a pro, simulate to your heart’s content, and drop some jaws in your next presentation. Profs won’t know what hit ’em!
  • Start-Up Spirit: So you’ve got an idea that could be the next Uber or Airbnb? Well, guess what? Azure has your back. Its massive infrastructure can help turn your brainchild into reality. Who knows, you might even end up being the next big tech maverick!
  • Internships & Jobs: Picture this: recruiters tripping over themselves to interview you. Sounds good, right? Well, that’s the power of having Azure skills on your resume. Your foot’s already in the door in the tech world.

Strutting into the Future

Azure isn’t just another item on your CV; it’s your ticket to a future where you’re the boss. The tech scene is shifting faster than quicksand, and with Azure, you’ve got your boots strapped on and you’re ready to sprint. So, fellow students, it’s time to lace up, take the plunge into Azure, and start scaling up. The tech world is watching with bated breath, and it’s ready to cheer you on!

Before You Take the Plunge

Before you dive headfirst into the Azure pool, let’s hit you with a few golden rules to get you swimming smoothly:

  • Explore! Azure is like Disneyland for tech heads. Take your sweet time, try out different rides (read: services), and find your happy place.
  • Practice! Books are great, but there’s nothing like getting your hands dirty. Dive deep into practical skills – that’s what sets you apart from the crowd.
  • Network! Find your tribe online among fellow Azure explorers. You’d be surprised how much you can pick up from each other.
  • Stay Curious! The only constant in tech is changing. Keep learning, stay hungry, and don’t shy away from new experiences.

Wrap It Up

Microsoft Azure for students ain’t just another app on your phone. Nope, it’s like a power-up in a video game, turbo-charging you straight into the future. Wanna create an app that’s hotter than TikTok? How about setting up a tech empire that makes Zuckerberg nervous? Or maybe you just wanna learn some crazy cool stuff? Well, Azure’s got your back on all fronts.

“But hold up,” I hear you say, “what about all those monstrous research papers I need to write?” Well, here’s where the superheroes of the essay world swoop in – the best research paper writing services. Imagine, while you’re out there flexing your new Azure muscles and being all kinds of awesome, these maestros are busy tackling those paper beasts for you.

So, what’s the hold-up? Time to take a leap into the Azure universe and let it propel you into an epic adventure. Opportunities are knocking, peeps! Time to grab them and rock on!

Categories
Business

12 Education Marketing Trends to Keep an Eye on in 2023

The realm of education marketing is in a constant state of evolution, with new trends and technologies continuously reshaping the landscape. In a world where students are increasingly tech-savvy and digitally connected, education institutions must keep up with the latest marketing trends to effectively reach and engage their target audience. 

 

The rise of digital technology has opened new avenues for communication, from personalized emails to AI-powered chatbots that can answer a student’s plea to “who can write my term paper.” In this article, we will explore seven education marketing trends that are expected to dominate in 2023, from the use of video content to enhanced website user experiences and the rise of AI. 

 

As the landscape continues to change, understanding these trends will be key for educational institutions looking to stand out and connect with prospective students in a meaningful and impactful way.

 

Personalization in Marketing

 

Personalization has become the cornerstone of effective marketing, and the education sector is no exception. From personalized emails to targeted advertisements, schools, and universities are using data-driven insights to tailor their marketing efforts to prospective students. This trend is expected to continue in 2023, with an increasing number of educational institutions leveraging AI and machine learning to deliver personalized marketing messages.

 

Increased Use of Video Content

 

Video content is an effective tool for education marketing, capable of conveying a large amount of information in an engaging manner. Schools and universities are increasingly using video tours, student testimonials, and educational content as part of their marketing strategies. The year 2023 will see the proliferation of video content in education marketing, with an increased emphasis on live video sessions and interactive video content.

 

Social Media Engagement

 

Social media has emerged as a critical platform for education marketing. It allows schools and universities to engage directly with prospective students and their parents. The trend of using social media for education marketing will continue to grow in 2023, with an increased focus on platforms like Instagram and TikTok that are popular among younger audiences.

 

Enhanced Website User Experience

 

An educational institution’s website is often the first point of contact for prospective students. As a result, institutions are investing in enhancing the user experience of their websites. This includes intuitive navigation, mobile-friendly design, high-quality content, and easy-to-use application portals. In 2023, we can expect to see continued emphasis on website user experience in education marketing.

 

Artificial Intelligence and Chatbots

 

Artificial Intelligence (AI) is revolutionizing education marketing. AI-powered chatbots, in particular, are increasingly being used to engage with prospective students, answer their queries, and guide them through the application process. This trend is likely to intensify in 2023, with more educational institutions adopting AI and chatbot technology in their marketing efforts.

 

  1. Focus on Lifelong Learning

 

With the increasing pace of technological change, there is a growing demand for lifelong learning opportunities. Educational institutions are responding to this demand by offering more flexible and accessible learning options, such as online courses and professional development programs. In 2023, marketing these lifelong learning opportunities will become a key focus for educational institutions.

 

Data-Driven Decision Making

 

Data is playing an increasingly important role in education marketing. Schools and universities are using data analytics to understand prospective students’ behavior, track marketing campaign performance, and make informed decisions. The use of data in education marketing will continue to grow in 2023, with institutions leveraging advanced analytics tools to drive their marketing strategies.

 

Rise of Influencer Marketing

 

Influencer marketing has proven to be effective in various sectors, and education is no exception. Educational institutions are increasingly collaborating with influencers, especially those who appeal to young audiences, to showcase their offerings and reach prospective students. This trend of using popular online figures to influence prospective students’ decisions is expected to grow in 2023.

 

Virtual Reality (VR) and Augmented Reality (AR) Experiences

 

As VR and AR technologies become more accessible, their use in education marketing is expanding. Virtual tours of campuses, AR-enhanced prospectuses, and VR class experiences are just a few ways these technologies are being utilized. These immersive experiences offer prospective students a unique insight into an institution and its offerings, making them a strong marketing tool.

 

Emphasis on Sustainability 

 

Sustainability is a growing concern among students and parents, and educational institutions are responding to this by promoting their sustainability initiatives. Whether it’s sustainable campuses, green programs, or research in sustainability, showcasing these efforts has become a key part of education marketing. This trend is expected to continue growing in 2023 as students increasingly consider an institution’s commitment to sustainability in their decision-making process.

 

Mobile-First Marketing

 

With the ubiquitous use of smartphones, educational institutions are adopting a mobile-first approach to their marketing efforts. This means optimizing all content, from websites to emails, for mobile viewing. The use of mobile apps for marketing is also on the rise. As more and more prospective students use their mobile devices for information gathering, this trend is expected to dominate in 2023.

 

Podcasts and Audio Content

 

The popularity of podcasts and audio content has been steadily increasing, and education marketers are taking note. Universities and schools are producing podcasts to share knowledge, discuss campus life, or delve into subjects related to their programs. They are even utilizing this format to guide students to the best paper writing services available. This format allows institutions to engage with prospective students in a more personal and in-depth manner. In 2023, we can expect to see greater adoption of podcasts and audio content in education marketing.

 

In conclusion, education marketing is evolving rapidly, driven by advances in technology and changes in student behavior. By keeping an eye on these trends, educational institutions can stay ahead of the curve and effectively reach and engage with prospective students.

Categories
Business

Budgeting 101: 6 Tools for Students to Manage Their Finances

Managing finances can be challenging, especially for students who are just entering adulthood and becoming financially independent. Yet, with the right tools and resources, it is possible to develop good financial habits and achieve financial stability. 

 

If you want to improve your financial literacy, avoid financial stress, and achieve long-term financial stability, we can help. There are many tools and resources available that can simplify the budgeting process. Today, we’ll go over six budgeting tools that students can use to manage their finances effectively. Continue reading to find out more!

6 Best tools for students to effectively manage their finances

Mint

Cost: free

Platform: Android, iOS

 

Mint is a money management app that helps you keep track of your finances in one place. With Mint, you can connect all your bank accounts, credit cards, and bills to see your balances and transactions in real time. The app also categorizes your spendings. Thus, you can see where your money is going and make adjustments to your budget accordingly. 

 

In addition, Mint provides personalized insights and advice to help you save money and reach your financial goals. Whether you want to save money to hire dissertation help, a music production course, or a new pair of shoes, Mint can help. It is a powerful tool for anyone looking to take control of their finances and improve their financial well-being.

PocketGuard

Cost: free, with the possibility of switching to a premium plan

Platform: Android, iOS

 

PocketGuard is a bill organizer and budget planner that will help you stay on top of your expenses. The app syncs with your bank accounts and credit cards, categorizes your transactions, and shows you exactly how much money you have left to spend. You can set up custom spending limits for different categories and receive alerts when you’re approaching your limit. Groceries, entertainment, and transportation are examples of such categories. 

 

PocketGuard also assists you in saving money by finding ways to lower your bills. For example, by switching to a lower-cost cell phone plan or negotiating a lower interest rate on your credit card. Whether you’re looking to save for a big purchase, pay off debt, or just stay on top of your bills, PocketGuard has everything you need to stay organized and in control of your finances. 

YNAB (You Need a Budget)

Cost: free trial for 34 days, plans start at $8.25/month

Platform: Android, iOS

 

The You Need a Budget app, or YNAB, will help you change your relationship with money. The app’s philosophy is centered around the idea of giving every dollar a job. This means that you allocate your income to specific categories such as rent, groceries, or entertainment. By doing so, you gain greater control over your finances and avoid overspending in any one area. 

 

Additionally, YNAB offers a range of educational resources to help you build good financial habits. Thus, you can save money and achieve your long-term financial goals faster. So, whether to save money for the best research paper writing services to lighten your university workload or pay off student debt, YNAB will help you take control of your finances. Be sure to give it a try and see how it can benefit you.

Acorns

Cost: plans start at $3/month

Platform: Android, iOS

 

The Acorns app is a little bit different from all the other apps we’ve looked at. It is more than just a money-saving app. Acorns is an investment app that helps users save and invest their spare change. The app rounds up purchases made on linked debit or credit cards to the nearest dollar. After that, it invests the difference in a diversified portfolio of exchange-traded funds (ETFs). 

 

With Acorns, users can start investing with as little as $5 and set up automatic investments to help them reach their financial goals. Thus, you can save for your future, kids, or retirement. The app is backed by investors like Blackrock, PayPal, Dwayne Johnson, and Ashton Kutcher. So, you don’t have to worry about the safety of your money.

Splitwise

Cost: free, with the possibility of switching to a Pro plan

Platform: Android, iOS

 

Next on the list is Splitwise, which can be especially useful for students who share space with others. With Splitwise, you can keep track of your shared expenses and balances with housemates, trips, groups, friends, and family. Moreover, the app allows you to set reminders for payments and settle debts through various payment methods. 

 

Splitwise takes away the hassle of manual calculations and helps you avoid any misunderstandings or conflicts over shared expenses. Therefore, if you want to maintain transparency in your financial dealings with others, you should definitely give Splitwise a try.

Honeydue

Cost: free

Platform: Android, iOS

 

Last but not least is Honeydue. This one will come in handy for budgeting with a partner. Honeydue is a mobile app that allows couples to track their spending and budget together. It allows you to create joint accounts and synchronize bank accounts. Thus, both partners can see all transactions and account balances in real-time. 

 

Honeydue can help eliminate any surprises or disagreements about money and help couples work towards their financial goals together. Additionally, Honeydue offers useful features that make budgeting even easier. These include bill reminders and the categorization of expenses. 

 

To sum up

Budgeting is an essential skill for students to learn in order to manage their finances effectively. With the help of these seven tools, you can easily track your expenses, create a budget, and save money for the future. 

 

By making small changes to one’s spending habits and utilizing these tools, students can achieve their financial goals and avoid unnecessary debt. It may take some time and effort to get started, but the long-term benefits of budgeting are well worth it. So, take control of your finances today and start budgeting like a pro!