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While
it is important that we start thinking
about the future, we should guard
against the impulse to take hasty
action". - Bill Gates (The
great man who once wrote off internet
in its infancy as a fad!)Whenever
someone talks of interactive TV,
or e-newspapers, or e-books or e-whatever,
usually one gets a huge yawn in
return, with "Yeh sab India
mein nahi hoga, boss!" |
Often,
when trying to decipher what lies ahead,
it is useful to just look back - 5 years
ago internet was a little name one threw
around to announce an techy-have image,
8 years ago mobile phones were an ultimate
expression of self-indulgence by the
super-rich, 10 years ago satellite TV
was but an infant, 20 years ago colour
TV was just born, and the list can go
on
"So what" I hear you say.
Well, the common thing between all the
above is that they seemed either impossible
to deliver or toys/ fads meant for the
elite that will not move down pop-strata
in a hurry. And the remarkable thing
is, they all did, and how! Can you comprehend
life without these things today? If
you are a very small minority that can
or wants to live without these tools,
all I can say is "You ain't seen
nothin' yet!"!
Let's first see what the future most
likely holds in store for us
Communication technology keeps moving
forward, so personalisation of various
media is just a question of "when"
rather than "if". Digitisation
of almost every media as we know it
today is an inevitability that is punctuated
by issues such as costs of adoption
and investments in hardware. In all
the publicity about the negative impact
of CAS, perhaps one thing completely
overlooked (at least as I write this
article) is the role that the set top
box will play in digitising and hence
making interactive our TV viewing experience
unimaginably.
However, mass consumer adoption of all
new technologies comes about when these
technologies become easy, fast and cheap.
Market factors (Consumer demand) coupled
with changing economics (Affordability)
will mean that penetration of the set-top
boxes will reach the level of today's
C&S penetration over the next 3-5
years. Does that mean we will see ubiquitous
broadband digital entertainment then?
Only time will tell, but very likely
yes
Government regulation too has a role
to play in the arrival of e-age. For
example, it is still illegal for a broadband
network to carry both voice and data.
But then hey, just 12 years ago carrying
a 100 dollar bill in your pocket was
a crime equated with treachery of the
highest order. For a consumer's home
to become digitised, a lot will have
to change on the legislation side, but
I guess it is again not a question of
if but when?
Which brings me to my key question for
this article: "Are we, in advertising,
prepared for this drastic change?"
Almost overnight a lot of intrusive
media we so take for granted will disappear
or change so drastically that we will
no longer call the shots - They will!
What form will the media planning of
tomorrow have to take to meet this new
challenge? What shape will the research
of tomorrow have to take in order to
decipher the new choice-enabled consumers?
What shape will the creative execution
in media have to take for the message
to be noticed from among the hundreds
of others staring at the consumers?
Let's just consider a few simple truths
about our own selves to better understand
the mythical entity called the "consumer".
Over the past 10 years or so, one entire
generation has become ATMised
When was the last you went to a bank
teller to withdraw cash? Today, we withdraw
it where we want, when we want it and
with no intermediaries to bother us.
In every sphere of our life the key
trend is that consumers have greater
choice, greater control and fewer intermediaries.
Let's take a simple example:
Trans-continental communication used
to take weeks in the era of ships with
10's of intermediaries, including the
"super-fast" pony-expresses.
The time taken dropped dramatically
as Ships were replaced by the telegraph
as the fastest mode of communication,
and so did the intermediaries. From
there to Trunk calls to STD to e-mail,
the time just kept getting shorter and
shorter
Intermediaries fewer and
fewer
Today it's a matter of a
few nanoseconds - with no intermediaries
(Chat-clients/Messengers).
This global mega-trend of more control,
more choice and fewer intermediaries
is sweeping across almost every sphere
of our life - even Government, law-enforcement,
Medicine, Finance, you name it. And
last but not the least, Entertainment!
The important issue is that when the
timing and duration is under consumer's
control, advertising is often an irritant,
and works negatively. Gosh! Can you
believe it? You can't decide when to
serve the consumer an ad, she'll decide
when she wants it - now doesn't that
change our whole world?
To my mind, this is the biggest challenge
we face in the e-era.
Adding to the complication are the effects
of the two much abused terms: Information
translucency and Audience Fragmentation.
Simply put this means that the consumer
is more aware and more difficult to
reach.
Finally this is further complicated
by the simple fact of media clutter.
A simple fact is that the number of
messages received by a consumer is growing
by a factor of 10 per 100 years. Simply
put, your grandson will receive 10 times
as many messages as your father did
at his age. How do you think he'll cope?
Will he process all the messages as
intently or will he skip a few. It's
a no-brainer, really
There is one school of thought that
the pollution of our age is not the
black soot that we saw coming out of
the chimneys in the previous century,
but the things that we see coming out
of the boob tube! And in our zeal to
surround the consumer in 360 degrees,
we media professionals often disregard
the consumer's need for privacy and
ad-free peace. Is it any wonder then
that the remote controls are far more
active today than any other time in
history during ad-breaks? Or that the
"don't call" lists are growing.
Information is the new product for the
new consumer. And this has huge brand
opportunities as well as implications.
The era of huge margins and protected
markets is well and truly gone, but
existing bigger brands will find that
their power keeps increasing day by
day. Also, come CAS, DTH, DTT and what
have you, and suddenly audience fragmentation
will reach heights hitherto unknown.
And the good news is that there is no
possibility of this trend reversing.
The 1/8th of an inch - the thickness
of our skull - that is all the protection
nature has provided us with for the
most important organ of ours - the Brain.
And increasingly this is getting more
and more difficult to penetrate. When
faced with a barrage of messages, the
one choice the brain has is to switch
itself off from them, unless something
in the message catches your fancy and
you are intrigued to know more.
As the primary role of advertising shifts
subtly from informing to entertaining
and informing, one of the most obvious
ways to counter the remote controls
is to integrate the ad message with
the content. That way the consumer will
be forced to at least give you a hearing.
But obviously consumers don't appreciate
this trickery too much. Surveys after
surveys show increasing consumer disdain
for this practice. And at some stage
it will start hurting the brands that
indulge in this, if the tool is overused.
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The
consumer is overloaded with information
and is choosing to shut out over
half the information thats
beamed to her
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Viral marketing is another not-so-obvious
tool, because the Virus here is spreading
almost by choice. But viral marketing
is an approach that can be used only
in so many cases and not everywhere.
Barter, cross-promotions and sharing
of ad weights is another tool that can
help overcome the consumer resistance
to giving us a hearing, in a cost-economical
fashion.
Research will have to clearly find answers
to some fairly more complex questions
like, How do consumers consume communication
while multi-tasking? Or how do we assign
different values to different vehicles?
Figure out innovative ways of measuring
people that go beyond the normal demographic
definitions. One of the big plusses
of the interactive communications is
the real-time possibility of measuring
response. This needs to be harnessed
in a meaningful way to aid in planning.
Its not that these questions have not
been sought to be answered earlier,
but the attempts have been at best half-hearted
or have chosen to skim the surface.
So the story is blindingly simple. The
consumer is changing faster than ever
before. She is increasingly in control.
She is overloaded with information and
is choosing to shut out over half the
information that's beamed to her. It
needs skill and understanding to ensure
that you don't end up on worse half
of the choice spectrum. You need insights
of a different and more evolved nature
to make the grade. Fortunately, the
very technology that offers the consumer
the choice, also offers a degree of
measurability and quick-time insights
to us.
In the near future, the media planner
will be more knowledgeable about how
people consume communication and also
about why they do it. He'll probably
be armed with data that will let him
make sophisticated choices about which
vehicle to choose for what purpose.
He'll be able to tell under what circumstances
a consumer is more likely to choose
to see his ad and when not.
Yes, the media planner will have to
be a very different creature in the
future. But hey
wasn't he another
very different creature just 10 years
ago?
References:
* Greg Blonder http://www.genuineideas.com
*TIVO Offers personal viewing
data to advertisers, broadcasters,
http://www.warc.com,
June 3, 2003
*Over One Third of TV Homes Worldwide
Will be Digital by 2010,
http://www.warc.com,
May 28, 200
Feeback
on this article may be emailed to:
smeditor@indiatimes.com
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TURNING
POINT
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"Whats
my return on investment
on
e-commerce? Are
you crazy? This
is
Columbus in the
New World. What
was his ROI?"
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Andrew
Grove
Intel Chairman
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