Sept. 15, 2014
SUNNYVALE, CA — Sep 15, 2014 — Thinknear by Telenav (NASDAQ: TNAV), today announced the release of Location Score™ Index, an industry-leading initiative to measure the accuracy of location data used in mobile advertising campaigns. This latest report was first covered in MediaPost. The Location Score Index is a quarterly report from Thinknear. It is the benchmark for measuring the accuracy of location data in the mobile industry. Since publishing its first Location Score Index in May, the industry has made moves to improve location data quality. In July, the IAB published "12 Questions Every Buyer Should Ask about Location Data" and, in August, the MMA launched its Mobile Location Data Accuracy Committee.
To compile its second quarterly report, Thinknear sampled and analyzed data from more than one billion ad impressions and performed location accuracy tests on more than 500,000 consumer ad experiences during the quarter. The industry Location Score increased from 49 in Q2 2014 to 55 in Q3 2014, a 12 percent improvement in location accuracy. Thinknear scores location on a 100-point scale, in which highly accurate data is scored more heavily than less accurate data. The higher the score, the more difficult it is to improve.
"The Location Score Index is forcing the industry to make changes to improve accuracy," said Eli Portnoy, President of Thinknear. "Our goal in launching the first Index was to increase marketers' awareness and encourage the industry to improve the quality of data. We are pleased to see that app developers, networks and platforms selling location information are increasing the quality of that data in order to push the market forward. We expect continued improvements in location accuracy each quarter."
"Location is the foundation of an increasing percentage of mobile audience targeting," said Greg Sterling, vice president of Strategy & Insights at Local Search Association. "The Location Score Index is thus an important tool to give marketers and brands visibility into whether what they paid for is actually what they're getting."
For more information about Thinknear's Location Score, and to download the full Location Score Index for free, please visit: http://locationscore.com.
About Telenav, Inc.
Telenav is the leader in personalized navigation. Our mission is to help reduce stress, improve productivity, and make life more fun for people on the go.
Our personalized navigation apps like Scout help people make smarter decisions about where to go, how to get there, and when to leave. Our location-targeted advertising platform Thinknear delivers highly-targeted advertising for national brands and small businesses at locations that drive consumer behavior to the advertisers' goals.
Our products are found in mobile app stores, distributed through our carrier partners (AT&T, Sprint, T-Mobile, and U.S. Cellular), embedded in connected cars (Ford), and on the web at www.telenav.com, www.scout.me and www.thinknear.com.
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