WPP & Google to Partner and Fund Academic Research

Famous frenemies WPP and Google are joining forces to the tune of $4.6 million dollars to fund a joint research project that establishes conclusively the ways online marketing impacts consumer behavior. Despite an often cited statistic that people spend 30 percent of their time online, current studies don’t show this activity translating into an equivalent amount of total spending on the web.  This inquiry will examine the ways offline and online interact and, one suspects, search for creative methods to bridge this gap.

Considering the fact that these two giants rely so heavily on the online space for generating their revenues, positive proof to support their claims of continued sales growth in this sector makes perfect sense.  And a price tag of a few million sounds like a small initial outlay for the data.

From the WPP press release:

“We’re very pleased to be working with WPP to encourage new insights into online advertising,” said Tim Armstrong, Google’s Senior Vice President and President of Advertising Operations for the Americas. “As it becomes more challenging to reach consumers through any one medium, we hope programs like this will help drive a deeper understanding of how marketers can engage consumers, both online and offline.”

Mark Read, CEO of WPP Digital and WPP’s Director of Strategy, said, “We are thrilled to join Google in supporting this research program. The industry, our clients and our companies will benefit from the application of some of the world’s finest academic research minds into how online media influences consumers. The digital age raises many complex and critically important questions for marketers and media owners. The meshing of the business and academic worlds puts us on the path to providing robust answers.”

[Via Adweek]