Thursday, March 6, 2014

The Past, The Present and The future - The evolving face of digitization. Views as expressed at the 8th India Digital Summit, 2014

The Past
·         The time was mid 90s when mobile and internet were introduced in India. But it wasn’t till the early 2000s that Marketers started to warm up to the idea of adding mobile and web to their arsenal. The use was pretty minimal. Send an SMS for a product/service launch. Take the TVC or Print communication, adapt the banners (as one would adapt for hoardings) and release on the internet. 
This was the time of ‘Web & E-Advertising’.
·         By the end of that decade, however, things changed. Mobile and internet penetration increased multi-fold. One riding on the other. Electronic devices (computers/mobiles) became more and more accessible. One saw OOH screens and digital signages. The horizon for Marketing opportunities expanded to a larger canvas. This was the time of ‘Digital Advertising’. However, this was more of ‘Branding and Visibility’.
·         2010 to 2012 saw a massive upsurge in people adopting technology and new age media. High end mobile technology (iOS, Andoid) became more and more pervasive and consumers went multi-screen. People embraced social platforms and bared their lives online. Search became huge. Data and information helped brands create powerful marketing campaigns which took the baton from conventional media (TV. Print) and carried messaging that was customized to the medium. The time of ‘Digital in  Marketing 

The Present
·         2013 till present – The time when technology has made it possible to go beyond Marketing. Words like “Experience”, “Engagement”, “Co-creation/Crowd-sourcing”, “Community Building” are overpowering conventional Marketing metrics like Reach, GRPs, Eyeballs, etc.
·         Technology has enabled one-on-one personalised interactions; brands can slice and dice data and pick up real time insights (through listening) to create powerful communication that not only conveys a message innovatively but also goes on a step further and
-          adds value
-          provides utility
-          connects people
-          stands for a cause

·         Technology has fueled creativity and brands can now communicate in a way that no one could have thought of a decade ago.




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  Some examples from the last two years that showcase how technology has changed the way  Brands advertise:

1      Budweiser Lets You Make Facebook Friends With a Clink of Your Pint
Budweiser Brazil, created the "Buddy Cup,"  to change the way we connect with each other. The cups are embedded with a chip -- when clinked with each other, the two people become friends on Facebook. The cups are used during Budweiser events.

      Coke: Dance with the Coke vending machine
By following the dance moves displayed on the machine, people get engaged with the Coke brand and enjoy a good time with audience. As people pass by the vending machine, the virtual characters in the screen calls for people's attention and participation. As people dance in front of the machine, it recognizes the accuracy and dynamics of the moves people make. From little kids to professional dancers, anyone can participate in the campaign to show off their talents, share the fun, and get a bottle of coke.


The Future
·         Shift from Engagement to Ingratiation: In the past, marketing interrupted customers. Today is the age of engagement. Going forward, marketers will have to ingratiate their brands with customers. When a customer engages with a brand, it will need to know what their preferences are—whether they’ve provided that through the Web or mobile or a contact center—so that it can provide them information how they want it, when they want it, tailored to their unique likes and dislikes, and do it all very quickly.
·         From hunches to simulations: The biggest shift will be that Marketers will move from the famous “hunches” to “simulations”. Technology is enabling a new approach in the form of marketing simulations.  Rather than argue the merits of a new approach in conference rooms, marketers will be able to test them in simulated environments built from real world data. 
·         Change in 4Ps approach: At a recent convention of leading CMOs at Wharton School at the University of Pennsylvania, initial findings from the “Advertising” 2020 project were unveiled in which a checklist of best practices, some already being implemented by innovative leaders, was cited: AGILE CHOPS, for All Touchpoints Orchestration; Glocal; Insights from Data and Privacy/Permission; Live Newsroom Model; Extended (Opened) Innovation; Context; Human Emotion and Story; On-Demand; Prioritize Adaptive Experimentation; and Social Impact.

·         Intelligent Augmented Reality: Technology will be able to sense more than movements and gestures  and deliver content accordingly. It will be able to sense what your mood is, what you’re wearing, what you’re eating, what you’re doing... And then deliver messages accordingly.

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