4.9 • 9 Ratings
🗓️ 2 July 2021
⏱️ 24 minutes
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0:00.0 | Hello there. Welcome to Emlex's weekly podcast covering the top regulatory stories of the moment. I'm James Panicki. I'm a senior editor with Emlex's Asia Pacific Operations. It's great to be in your feed once again. |
0:23.3 | This week, one of the biggest tech issues around digital advertising or ad tech. Why is it that the |
0:30.3 | platform of your choice knows your tastes, your biases, your prejudices, sometimes better than you |
0:36.3 | know them yourself? The answer is, of course, |
0:39.1 | data. Every virtual step you take, indeed arguably every real step you take with a device in your |
0:45.9 | pocket is being examined and scrutinized and all in the name of delivering you a tailor-made |
0:52.3 | advertising experience. It's a world that has long been of |
0:56.0 | interest to regulators, which is why the decision by the EU's antitrust watchdog to launch a |
1:02.0 | fresh probe into Google's ad tech practices was big news, although arguably not that surprising. |
1:09.1 | In fact, Emlex's faithful subscribers are only too aware that there is |
1:13.4 | plenty of regulatory action going on around the world on this front, and will touch base with |
1:18.8 | our correspondence in Seoul and Sydney to get a sense of where things stand in Asia. |
1:24.8 | First up, though, Nicholas Hurst is Mlex's chief correspondent on the EU antitrust |
1:30.2 | beat, and he joins me now from Brussels. Now, Nicholas, I tried to explain AdTech just now, |
1:36.8 | but how would you describe it? Oh, that's complicated. AdTech is this complex chain of technology |
1:43.8 | that basically puts adverts on websites when you open them. |
1:48.0 | Now, behind these adverts is a whole series of events such as auctions, multiple auctions, |
1:56.0 | informing advertisers about who the person that's browsing is and so on and so on. |
2:04.8 | And all of this happens in the flicker of an eye, the time it takes to load the web page. So what we're talking about is advertisements, as you and I have always understood them, |
2:10.2 | but they are powered by personal data, which makes them particularly effective in targeting people |
2:15.7 | in telling them exactly what they what they do want |
2:19.1 | rather than what they may or may not want. That's right. So the internet, you know, the ad tech world |
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