Open Real-Time Bidding: What It Is, Key Features, Benefits, Use Cases, and How It Fits in Programmatic Advertising
Open Real-Time Bidding is a foundational mechanism behind much of today’s Paid Marketing, enabling ads to be bought and sold impression-by-impression in milliseconds. When people talk about “real-time auctions” in Programmatic Advertising, they’re often describing workflows that rely on Open Real-Time Bidding (OpenRTB) to standardize how auction information is packaged and exchanged between platforms.