What bidding strategy in Microsoft Advertising automatically adjusts bids in real-time to maximize conversions within a specified budget?

The bidding strategy in Microsoft Advertising that automatically adjusts bids in real-time to maximize conversions within a specified budget is Maximize Conversions. This automated bidding strategy utilizes machine learning to predict which search queries are most likely to result in conversions. It then adjusts bids automatically to increase the likelihood of winning those auctions, aiming to generate the maximum number of conversions possible while staying within the set daily or campaign budget. This strategy eliminates the need for manual bid adjustments, as Microsoft Advertising dynamically optimizes bids based on historical performance data and real-time signals. For example, if you set a daily budget of $100, Maximize Conversions will automatically adjust bids for keywords and ad groups to get you as many conversions as possible without exceeding the $100 limit. This is beneficial when you have a clear understanding of your target audience and conversion goals, but want to automate the bidding process for greater efficiency.