Retail media is taking a strategic position in the digital advertising space, emerging as a powerful, future-proof channel to bring brands closer to their target audiences. According to a recent forecast by eMarketer, omnichannel retail media ad spend is set to hit $59.98 billion in 2024. With such substantial investment flowing into this channel and a growing demand for first-party data, it's clear that many other businesses will seek to capitalize on the opportunities presented by retail media. In this blog, we'll outline what retail media is and how you can capitalize on this advertising opportunity.