IZEA Announces Launch of BrandGraph® Proximity Identifiers

Rhea-AI Summary

IZEA Worldwide, Inc. (NASDAQ: IZEA) has launched BrandGraph® Proximity Identifiers, enhancing its influencer marketing platform. This new technology improves the identification and classification of brand mentions in social media content. It utilizes a proprietary classification engine to analyze context, achieving a 190% increase in content classification for Apple and a 491% increase for Campbell's Soup. Founder Ted Murphy emphasized the technology's role in improving accuracy for benchmarking and influencer identification.

Positive

• Launch of BrandGraph Proximity Identifiers enhances influencer marketing capabilities.
• Achieved 190% increase in content classification related to Apple.
• Identified 491% more content associated with Campbell's Soup.
• Improves accuracy in classifying brand content, benefiting marketers.

Negative

• None.

Orlando, Florida, June 18, 2020 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, today announced the launch of BrandGraph® Proximity Identifiers. The new technology marks another leap forward for the BrandGraph platform, further enhancing its ability to help marketers identify, compare and contrast momentum across brands, topics, and concepts in social media. Powered by IZEA’s proprietary content classification engine, Proximity Identifiers enable BrandGraph to disambiguate content that contains mentions of brands’ trade names.

Many well-known brands utilize trade names that are also words commonly used in everyday speech. For example, the word “apple” can be used in speaking about a technology company, a fruit, a city (The Big Apple), or even a person (Fiona Apple). The mention of the word alone does not indicate that an individual is speaking about the Apple brand. Proximity Identifiers build on BrandGraph’s existing matching algorithms to further increase its ability to accurately identify brands by analyzing surrounding text.

For example, using Proximity Identifiers enabled BrandGraph to classify 190% more content that has been published about Apple the technology company relative to previous BrandGraph classifications. It also enabled the identification of 491% more content associated with Campbell’s Soup, among other brand examples.

“From sports teams to laundry detergent, some of our most beloved brands use trademarks that are familiar to us as words used in everyday parlance, but are not uniquely tied to the brands they represent,” said Ted Murphy, Founder and CEO of IZEA. “That can make classification of content difficult without understanding the context of the brand mention. Proximity Identifiers make BrandGraph significantly more accurate and intelligent when classifying brand content, and in turn make our benchmarking and influencer identification capabilities more accurate.”

Proximity Identifiers are utilized to improve results in both BrandGraph as well as inside IZEAx Unity Suite. Those interested in learning more about the platform can request a product demonstration at izea.com/brandgraph/get-a-demo.

All product names, logos, and brands are property of their respective owners. All company, product and service names used in this press release and BrandGraph are for identification purposes only. Use of these names, logos, and brands does not imply endorsement.

About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) operates IZEAx, the premier online marketplace that connects marketers with content creators. IZEAx automates influencer marketing and custom content development, allowing brands and agencies to scale their marketing programs. IZEA creators include celebrities and accredited journalists. Creators are compensated for producing unique content such as long and short form text, videos, photos, status updates, and illustrations for marketers or distributing such content on behalf of marketers through their personal websites, blogs, and social media channels. Marketers receive influential content and engaging, shareable stories that drive awareness. For more information about IZEA, visit https://izea.com/.

Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For IZEA’s full safe harbor statement, please visit https://izea.com/safe-harbor-statement/.

Attachment

• BrandGraph Proximity Identifiers

Martin Smith
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com

FAQ

What is IZEA's recent product launch?

IZEA launched BrandGraph® Proximity Identifiers to enhance brand identification in social media.

How does BrandGraph Proximity Identifiers improve content classification?

It analyzes surrounding text to accurately identify brand mentions, leading to significant content classification improvements.

What percentage increase in content classification did IZEA achieve for Apple?

IZEA achieved a 190% increase in content classification for Apple using the new technology.

What is the significance of Proximity Identifiers for marketers?

Proximity Identifiers improve the accuracy of benchmarking and influencer identification, making marketing efforts more effective.

How does IZEA's technology impact influencer marketing?

The new identifiers enhance IZEA's ability to connect marketers with relevant content creators by accurately classifying brand mentions.