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What is the difference between a DSP and a DMP?

I am doing an investigation to gather more knowledge regarding the programmatic advertising field. Thank you for your help :)

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    A DSP (Demand-Side Platform) is a technology platform that allows advertisers to buy and manage digital ad inventory from multiple ad exchanges through a single interface. It is used for buying and optimizing digital ad campaigns across various channels and publishers.

    A DMP (Data Management Platform) is a software platform that collects and manages large sets of data from multiple sources. It is used for organizing and analyzing data to create audience segments that can be used for ad targeting and personalization across various channels and campaigns.

    In summary, a DSP is used for buying and managing ad inventory, while a DMP is used for collecting and analyzing data to create audience segments.

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