Why do ad servers matter? At first glance, they seem inconsequential. To continue my (now perhaps stretched) nautical analogy, they’re merely the container cranes that shuffle boxes around. But in fact they play a much more important role. Look: the advertiser doesn’t trust its agency, the agency doesn’t trust its trading desk, the trading desk doesn’t trust the ads-buying software it’s using, and the ads-buying technology company doesn’t trust the exchanges. The only thing that keeps this dishonest world honest is the existence of an agreed-upon source of truth. That oracle is the ad server.
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Nice slide deck on how adservers work
https://www.slideshare.net/gnehapk/online-ad-serving
A more comprehensive explanation of “first part ad servers” and “third party ad servers” - Also a brief history of how they came into being
https://clearcode.cc/blog/what-is-an-ad-server/
DOUBLECLICK by Google and ATLAS by Facebook - Are platforms that allow advertisers/agencies to create 3rd party ad servers AND also allow publishers to create 1st party ad servers