Category Archives: Planning

Three Characteristics of A Great Leader

Cloud & Tech Summit

Talking about C-Suite innovation. Panelists from left: Nicolas Vanhove (Tutoroo, Founder, Sebastian Wedeniwski (Standard Chartered Bank,Chief Technology Strategist) behind Nicolas, Natalia Kozyura (FWD Insurance, Head of Innovation Center) and yours truly

Week ago I was speaking in interesting panel in “Data & Tech Summit” about “C-Suite Collaboration”. One of the interesting conversation topics was about characteristics of good leader and I came out with three key ones (in addition to rambling about the merits of auftragstaktik):

Consistency

You what to expect from good leaders. They might be strict but they are strict always. They might be ruthless, but they are ruthless always. Employees need to know what to expect from their boss. Clients need to know what kind of person they are dealing with. Good leaders are driven by strong vision and belief on where to take the company and they follow that vision and belief system consistently. Too reactive and unpredictable bosses will result to employees who are not clear on what they are expected to do and not clear on what is company culture. Naturally changes and quick decisions are needed in fast-moving industry, but they cannot be too reactive. Also good leader needs to clearly articulate the reasons when changing the course.

Clarity

Good leader is not jargon machine. “We want to be seamless customer-centric multi-channel service company” would not be something you want to hear from your leader. Good leaders are able to articulate the driving vision very clearly to everyone: employees, customers and other stakeholders. Because the vision and the goals are clear, they also become catchphrases in the company and mantras to share also outside the company.

Curiosity

Great visionary leaders are not (primarily) cost-cutters or maintainers of status quo. They need to be curious about the industry and where the business is moving. Through curiosity companies find their new sources of growth. Creating and cultivating the culture of curiosity is important. If employees asking questions and challenging ways of working, eventually the company will perform better. Good leader challenges but is also expecting to be challenged herself.

It is relatively easy to be a good manager, but it is really hard to be a good leader.

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The Most Effective and Meaningful Ad of the Year is A Tweet

“Will there be people who stop buying Nike because of this?

Yes.

But there will also be others who use this as an excuse to buy another jersey or pair of sneakers. Regardless of how loud the keyboard warriors and voices opposed to Kaepernick get, Nike will remain standing at the end of it all. And as they say, no press is bad press.”

-Brian Cristiano, CEO Bold Agency

kaepernick

This single tweet is already the best AD of the year and already created $43 million in buzz for Nike.

Some argue that brands should not take a stand on controversial topics.

I beg to differ.

Brands should take public stand, when brand has actually something to contribute to the topic. If a brand actually has a stand, it is almost  Now more than ever. Majority of brands cannot actual be bold and shy away of all kinds of (even minor) controversy. Not Nike, this latest ad is just a continuum of deliberate and consistent marketing strategy that they have been following for years. Great brands know that they are not for everyone. Great brands are consistent. Great brands take risks.

Nike´s DNA is all about the athletes. Its main spokespersons (Lebron James among the few) have been vocal about the issues that prompted Kaepernick to knee down during the national anthem. Nike is known for standing by their athletes during their hard times (Tiger Woods, Kobe Bryant, etc.). Reflected to that, it actually would have been disappointing if Nike would not have been sponsoring Colin Kaepernick. He is a great and brave athlete, who uses the stage he has as a canvas to shed a light to social injustice and is then prevented to practice his profession. Not unlike Tommie Smith and John Carlos in 1968 in Olympics. Nike is taking a stand, but in a way that is true to their brand and will eventually sell much more apparel.

People (read: idiots) burning Nike shoes will not cost Nike anything (maybe they will buy new shoes afterwards) and actually gives Nike more publicity. All publicity is good publicity, because it is increasing your mental availability. Sure, this campaign will alienate some Nike buyers. Buyers, who are so stupid that they set their shoes on fire or rip their Nike socks.

Good riddance.

Follow Our Rules or Get The Hell Out

For companies, it is as crucial to define target audience, but almost more important is to define who is NOT your target audience.

When we adopted our strict no talking policy back in 1997 we knew we were going to alienate some of our patrons. That was the plan.

If you can’t change your behavior and be quiet (or unilluminated) during a movie, then we don’t want you at our venue. Follow our rules, or get the hell out and don’t come back until you can. 

– Tim League founder/CEO Alamo Drafthouse Cinema

Week ago I was watching a film in movie theatre and someone´s alarm clock started ringing during the show. Everyone noticed that expect the guy whose alarm bell was ringing. My movie experiences have many times been ruined by talking or mobile phone4s. And I am not talking about loud action movies or mild noises; once watching European art film where there is practically no dialogue or loud sounds, one couple was having loud conversation about what to have for dinner. So my stance is clear: if you cannot be without your phone for a length of a movie, stick to Netflix.

Alamo Drafthouse is perfect example of movie theatre that truly walks their talk. Because the problem is not that patrons are encouraged to use their mobile phones. Practically every cinema has no- mobile phone policy. But pretty much no one is truly enforcing it. You as a patron are forced to be the “bad guy“, which not only ruins your night, but also probably the one who is texting (like I would care). Alamo Drafthouse is giving warnings of texting and after the first warning you are kicked out if you continue your bad ways. And they are not afraid to kick texters out of the movie theatre (troublemakers are “snitched” anonymously in the food order sheets).

Rules are meaningless if you don´t follow them.

Other movie theatres let short-sighted greed (or ambivalence) to let few bad apples to ruin the experience for majority. What Alama Drafthouse has realized that bully or a trouble maker as a client is never a good client. You should get rid of them, because having a bad client ends up costing you money in the long run. If you have rules and defined target audience, you should be true to it.

 

Interestingly Alamo has also separate program “Alamo for All”, where noise and technology rules do not apply and you are allowed to move freely in movie theatre. This is to create inclusive accessible movie theatre experience for children, guests with special needs and those who cannot behave in normal movie theatre. Again rules are stated clearly and they are followed. In these screenings you are not allowed to whine about texting.

Few lessons from Alamo Drafthouse:

  1. Be true to your target audience. You do not need to serve everyone. 
  2. If you have rules you must enforce them. Rules without enforcement is not called rule. It is called a joke. 
  3. Have some integrity in what you do. 

Because at the end of the day, the only thing defining you are your principles (which you define yourself so they can be super easy as well). If you cannot abide them, everyone will eventually lose respect for you.

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Why Kanye West is the ultimate Modern Marketer?

kids see ghosts

Even the cover art is causing hype. Superflat art piece by Takashi Murakami

As I am writing this, I am listening to “Kids See Ghosts”. It is a collaborative effort by Kanye West and Kid Cudi and in its short 7 song glory one of the best albums of the year. Before that Kanye West´s G.O.O.D. Music label released Pusha-T´s Daytona, album that is even better. Kanye West also has released his own solo (not too big of a fan) and there are additional two albums (from Nas and Teyana Taylor) coming in next two weeks.

We are seeing unleash of new music quite unprecedented in music history with combination of scandalous headlines. No matter what are your views about Kanye, it is very hard to dispute his mastery in creating art and also making people talk about that art.

  1. Understand the new economy

The age of traditional record industry with physical sales is over and now it is all about streaming. Kanye West´s Ye has had 180 million streams and Kanye West ties with Eminem and Beatles as an artist with eight consecutive Bilboard Number 1s. The hype machine around the five week flurry of G.O.O.D Music has been massive and they are constantly topping streaming charts. The mechanics of being popular in streaming  are fundamentally different than in physical world. You need to get people hooked immediately.

  1. Polarizing is better than boring

Supporting Trump? Using Whitney Houston´s bathroom as a cover art? Saying “slavery is a choice?” Using naked look-a-like of your wife to promote an album?

It is hard to agree or approve some of the latest moves by Kanye, but that is besides the point. He is creating news and regardless of your views about him, it is hard to not notice. For majority brands the problem is not that people are talking negative things about you. It is that no one is talking about the brand. We live in attention economy and Kanye West is the master of attention.

  1. Always-in-beta

Starting from Life of Pablo, Kanye West has reinvented the album form. Ye-album was still being tweaked right before the last minute of record listening party. Before the new album, he teased (or trolled) the audience with song “Lift Yourself” consisting of following lyrical mastery:

Poopy-di scoop

Scoop-diddy-whoop

 Whoop-di-scoop-di-poop

Poop-di-scoopty

Scoopty-whoop

 Whoopity-scoop, whoop-poop

Poop-diddy, whoop-scoop

Poop, poop Scoop-diddy-whoop

Whoop-diddy-scoop

Whoop-diddy-scoop, poop

Internet was baffled and the song was not in the actual album. With the current timespan of pop songs and Internet full of memes and weird content, Kanye is essentially acid testing different ideas that might be genius or insane. They all contribute to this attention economy that drives streams, concert ticket sales and shares. With the five albums with set release dates, they need to also be released. Art does not live in isolation without connection to the audience. Kanye and his crew are breathing “done is better than perfect” mantra of successful start-ups.

  1. Let your team shine

As one of the most well-known artists in the planet, Kanye West did not just release his own album. He orchestrated 5 weeks of the most talked about musical releases. The sequencing of the albums was brilliant. Insanely strong Pusha-T Daytona started this music unleash. He had not released album in three years so there was lots of hype and the strong quality made it talked about. Ye-album by Kanye would have been hit in any case and in fine way it set the way for Kids See Ghosts (that is objectively listening the better album). Next we will have Nas, who naturally has strong own following and huge interest with his collaboration with Kanye. Teyana Taylor is probably the least well-known of the artists so it makes sense to end with her album as everyone has been raving about the different albums for five weeks.

Kanye lends his star aura to his protégés, but at least in Pusha-T album does not take over. Good leaders are not hogging the limelight to themselves but they use their clout to put their star team members on pedestal.

  1. Reinvent the form

Lately many new albums have been too long and too boring. Culture II by Migos was 1 h 45 minutes. While it had good songs, also plenty of fillers. All of the new G.O.O.D. Music releases are only seven songs and about 20 minutes, that is less songs than in the latest magnum opus (in length, not in quality) from Chris Brown. When competitors are doing things certain way, it might sense to go opposite route. The short and condensed form is also perfect for streaming. Sometimes constraints also help to create the best art.

There are not many artists that are not only creating popular culture, but are truly shaping it. Kanye West is one of them.

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5 Lessons from Leonardo da Vinci to Every Marketing Professional

“Talent hits a target that no one else can hit. Genius hits target no one else can see”

-Arthur Schopenhauer

vitruvian man

Vitruvian Man by Leonardo da Vinci. You don´t get to this level of of anatomic excellence unless you have opened up couple of bodies.

I recently read the autobiography of Leonardo da Vinci by Walter Isaacson. The book was magnificient read and made me appreciate Leonardo even more (as a painter and as an inventor). He was able to achieve so much (majority of it not truly understood and appreciated when he was alive) in many different fields despite leaving quite a lot of things unfinished. Although it is unlikely that none of us reading (or writing) this blog will paint the most heralded painting in the world, there are still plenty of lessons we can take from Leonardo da Vinci and instil in our professional and everyday life:

  1. Have childlike sense of wonder

Why sky is blue?

How are clouds formed?

What is yawning?

These were just a few questions on Leonardo´s notebook. If you keep on questioning on things that others might take for granted you will get closer to the truth.

So as a marketing professionals, we need to always challenge the preconceived notions. We cannot be afraid to ask questions that everyone is thinking but no one dares to ask.

  1. Observe the world around you

As part of his curiosity, Leonardo spent hours and hours observing the world around him. This was connected to his maniacal list taking and notebooks filled from top to bottom and left to right with scribbling about his observations. He had his intense observation skills from his childhood to his last days. It was probably connected that he was not school educated but instead learned by observing and analysing those observations.

Working in marketing means being customer-centric. We need to obsessively observe our consumers and how they act and make decisions in this world.

  1. Experiment with open mind

“Vision without execution is hallucination. Skill without imagination is barren”

-Walter Isaacson

Leonardo da Vinci opened up over 30 bodies to learn more about anatomy. He tested rigorously his hypotheses about different subjects and was also willing to change his preconceived notions when he had different test results or received new information.

Marketing is not science that you can only theorize. It is about active doing and eventually you need to get your hands dirty and start shipping. We need to be also ready to change our approach if results shows so. We should be in state of constant experimentation and improvement.

  1. Find analogies and patterns among different disciplines

Leonard da Vinci was self-learned and despite being a true renaissance man, he was not particularly good in all fields. He struggled with algebra and languages. To learn and understand better different fields, he used analogies to make them more easily understandable for other people and to himself as well. He was brilliant at discerning patterns and abstracting from them a framework that could be applied across disciplines.

As marketing professionals we have to rise above jargon and find easily understandable ways to explain what we are doing and connect it to things that audience cares about (working hypothesis being here that majority of people are not caring about what we do). As marketing communications has become highly fragmented and specialized, we need to force ourselves to actively learn from other fields and keep our renaissance mentality. Different disciplines feed and support each other. Leonardo excelled at painting, but his detours to maths, physics, biology and weapon design made him a better painter.

  1. Procrastinate with peace of mind

“Men of lofty genius sometimes accomplish the most when they work the least”

– Leonardo da Vinci 

For majority of us, this comes quite naturally. However procrastination is not synonym for being lazy. When you’re not actively working on that difficult/daunting task, your mind is actually subconsciously collecting ideas and processing things to prepare you for it.

The most astounding revelation in Isaacson´s book is how much Leonardo left loose ends and unfinished projects behind. One part of it was that his curiosity led him to rabbit holes and as a true renaissance man, he suddenly might be interested in totally different subject. Other part of procrastination was his perfectionism. He carried Mona Lisa with him over 16 years and improved it slowly. He might look at this paintings for hours and then add one brush stroke.

If world´s most greatest artist and scientist was prone to procrastinate, we should not feel bad if we are delaying the start of our latest presentation.

Trust me, it will be better for it.

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The Only Blog Post You Truly Need to Read About Tech Trends in 2018

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JWT Mirum APAC SXSW Delegate

As many of you might know I was 1,5 weeks in Austin, Texas in SXSW. I attended probably too much of talks and been quite amped up even after. During the seminar I was part of JWT Mirum APAC delegate and I blogged all the way through from the conference (including some videos). Below I have compiled majority of lessons I got from the seminar.

Besides this I saw my idols Arnold Schwarzenegger, U-God (from Wu-Tang Clan), Bushwick Bill (from Geto Boys) and saw the reunion of one of the most progressive hiphop acts of all time Dr. Octagon. Great trip indeed. Below you can read all my observations and insights from my trip:

Summary

Three Main Lessons from SXSW

All About The Data

Data is The New Oil, but also the Oil Spill


How to make your Data actionable?

How to Lie with Data?

From Big Data to Smart Data: How Blockchain is Enabling Both Convenience and Security of Your Own Data

Don´t Take It for Face Value: Facial Recognition as the New Data Point

AI Requires us to Be More Human

“We have not even reach the limit of human intelligence”

From e-Commerce to V-Commerce

Disruptive Innovation

Cannabis is Leapfrogging Technological Innovation

How to Innovate in Atom-based Industries?

Necrotech: What will Be Your Digital Legacy When You Die?

New Model of Content Creation

How to Live More Fulfilling Life?

How I Found The Happiness in SXSW?

Scientific Secrets of Perfect Timing

Weird Stuff

img_2724-e1521775599282.jpg

Dr. Octagon (Kool Keith, Dan The Automator, Q-Bert) from the Year 3000

Cheetos Vision: The Future of AI? Rapping robot

Deejaying without touch

When in SXSW, prepare to queue

Why Living in Singapore Makes You Perfectly Prepared for SXSW?

I hope that I am able to participate next year as well. It was truly great experience.

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I Am In SXSW

Hello all,

I just arrived to Austin yesterday and will be here for a week as part of wonderful delegation from JWT & Mirum Asia-Pacific:

groupphoto

Our group in SXSW 

We will be sharing content every day from the interesting talks in our blogs:

https://jwtsxsw.tumblr.com/

and

https://sxswapac.tumblr.com/

Despite having had relatively rough start in Austin due to jet lag and cramping leg after cruel flight, I had full day of talks already today.  You can read some of my observations in our blog:

Why Living in Singapore Makes You Perfectly Prepared for SXSW?

How I Found The Happiness in SXSW 2018

If anyone reading this blog is in Austin, hit me up on different social media channels.

It would be great to meet.

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The Future of WeChat

It is not secret that I am fascinated with WeChat. It showcases the promise of conversational commerce in action. Yesterday I was talking about the opportunities in WeChat in Lead Conference. The different features we all know, but I find the small portion in the end of my presentation about the future of WeChat truly intriguing. We all know that WeChat has made huge leap from communication platform to payment platform.

wechat

WeChat: Messaging platform evolved to payment platform

It is currently the digital lifeline of the whole China, but what they are planning in the future. Below are couple of key points about WeChat future:

What about the global expansion?

WeChat tried to become a global messenger app. They hired Messi in 2013 with big money to be the face of WeChat. And apparently they got downloads but not engagement. Messaging apps lives and dies based on do you have anyone to message with. Techinasia dubbed WeChat´s global expansion “a disaster”. What makes WeChat unique in China is hard to replicate in other markets because of different digital ecosystem, legislation and other monopolies ruling the roost.

Now WeChat has pretty much abandoned these global aspirations as consumer product, but don´t be fooled they are still eyeing for global expansion but less as B2C product but more as B2B offering. There are two main ways how WeChat is creating its global footprint:

1.Being the gateway to China for western brands

WeChat wants to work with International brands to enable them to sell their products through its Chinese online retail platform. The benefit is that companies can then avoid some of the bureaucracy in China when setting up their own retail operations in the country.

“Almost 95 per cent of global [luxury] brands are on WeChat now — in the UK, there is Burberry and Mulberry, in Italy, Valentino, Zegna, Prada, all the big brands. Two years ago, the number was 50 per cent and last year 75 per cent, so the growth has picked up recently.”

-Andrea Ghizzoni (Europe Director, Tencent)

2. Conquering Europe and other markets through payment

Majority of Chinese tourists prefer to pay with Alipay or WeChat Pay, and only 10% would opt for cash or credit cards. This consumer sentiment has not left unnoticed by the western retailers. Chinese tourists are extremely lucrative target audience and if offering familiar paying option can ease the buying process I would be really surprised of not seeing WePay more present especially in western luxury retailers:

“Chinese customers tend to close the sale more quickly when they know that they can pay with mobile. Those transaction times are extremely quick, at under a minute.”

– Candice Koo, the Managing Director of CANCAN

All roads lead to AI

Like other big Internet monopolies, Tencent is making big strides with AI. This year they opened research facility in Seattle solely focusing on artificial intelligence and last year they established AI lab in Shenzen. AI is build around robust data so WeChat has clear advantage as they have vast amount of conversation and connections data. More importantly they also have payment data through its WePay platform. So essentially WeChat is sitting on the most valuable data sources: how people are spending their money? Where people are? And what they are talking about?

“Shopping and search engine data show one type of data, which is purchasing or shopping intent, which is valuable, but different. For example, if you were to build out an Natural Language Understanding engine, you would not use search engine data, because no one searches based on complete conversational phrases.”

-Tak Lo, Zeroth AI

There are already couple of prominent accounts utilizing AI within WeChat. Chumen WenWen is voice assistant that connects to third party APIs and answers questions around what you should do (e.g. restaurants, movies, services and more). Alibaba got headstart with facial recognition with its widely covered “Smile to pay” collaboration with KFC but it will be sure that WeChat will be launching tools based on facial recognition technologies. WeChat has also been improving its search function going head-to-head against Baidu by incorporating more social and connection information to its search results.

On a lighter note, what has become tradition with Microsoft AI Chatbots, their WeChat Chatbot Xiaobing and other chatbot BabyQ also went rogue and started slandering communist party.

“My China dream is to go to America.”

Xiaobing (WeChat Chatbot)

Do you think that such a corrupt and incompetent political regime can live forever?”

BabyQ (to the question about Chinese Communist Party)

If you want to know where Western conversational commerce is tomorrow, you only need to analyze what WeChat is already today.

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Programmatic Advertising should be Slave to The Brand and Performance

“Programmatic is gluten of advertising”

-Jimmy Kimmel

I was speaking couple of weeks back at Marketing Interactive Performance Marketing Confence. It was a really great event and I was happy that I was able to speak from creative angle which quite often gets neglected in programmatic discussion.

Marketing-Interactive Digital Performance Marketing 2017

Marketing-Interactive Digital Performance Marketing 2017

I talked about the state of programmatic, but as in this post I want to highlight three things from the speech that every brand should take into account:

  1. Creativity has to become more ingrained to programmatic advertising.

Creative variables constitute over 50% of programmatic effectiveness, but do you focus 50% of your programmatic efforts to the quality of creative? Over half of the marketing budget is at stake and still many brands are cutting corners when doing creatives to programmatic. Horrible quality will lead to bad performance and will also contribute to ad-blocking (which has exploded in Asia) When same ad reaches person over 40 times a month, sales can actually start to decline.

Also sometimes it seems that programmatic specialists have totally forgotten the importance of strong brand. You can optimize as much as you want, but if people do not recognize and know your brand that tactical tweaking amounts to nothing. Marketing automation will not replace the value of strong brand. And strong brands are built from great user experience and emotional connection.

  1. Programmatic quality will be the utmost importance.

10.9 billion will be wasted on low-quality display ads by 2021. That is over 1/3 of programmatic spend. Above-mentioned creative quality is important element in the quality, but there has been even more fundamental problems within programmatic industry:

  • Viewability (or lack thereof)
  • Ad and click fraud
  • Bots
  • And the poor creative quality (mainly horrible quality and invasive display ads have driven people to block all advertising

Many have been benefiting from ad fraud, whether they have been publishers, buyers and media agencies. Hell, even extremists have done 318K from brands with ads placed to their extreme content. Who have not benefited at all from ad fraud?

Brands and their consumers.

Within the next decade, fake Internet traffic schemes will become the second-largest market for criminal organizations behind cocaine and opiate trafficking. Media (and other) agencies would likely not push dope (maybe consume it) or kill people but they have been happily working indirectly with same criminal organizations.

Industry has to clean its act.

Luckily the quality has become a conversation topic and brands start to realize that if your placement is too cheap it is probably too good to be true. Industry giants are improving as well. Programmatic direct deals in APAC have grown more than 65%. It is everyone´s responsibility to demand and offer quality placements.

  1. Programmatic is not just display advertising

I think it’s a dying industry. The idea that buying a 250 x 250 square display ad is effective, is false, you’re more likely to get bitten by a shark than click on one of those ad units.

– Matthew Oczkowski (Cambridge Analytica) 

Display ads will not be remembered as the best advertising innovations in the world (unlike TV ads and search advertising). 60% of banner clicks are accidental and 90% of them are bots. You don´t need to be mathematician to realize that it is really small percentage of people who are really clicking. And the percentage is not really going up. The world´s first banner ad had 44% CTR and now we have gone to fraction of that (0.16% globally)

However, some are still clicking and they are still bringing results. Display ads are necessary transition for companies to drive performance and learn to operate programmatically.

Programmatic marketing is about machines buying, serving and optimizing advertising (any kind of advertising). Eventually majority of buying will be programmatic, because machines are doing it better than we are. There is probably certain iconic placements that will never become programmatically bought or sold, but they will be small minority. For anything else machines will do it more effectively, accurately and faster. This applies also to actual creatives. If robots can already beat people at GO, conduct entire orchestra or write articles, it would not be the biggest of challenge to create above-the-average display ads. And if you are worried about machines stealing your job, read below quote from this great and acclaimed thinker:

”If machines can do the job, it´s not really a job you want to do”

– Riku Vassinen

Programmatic is still unfortunately in stage of not having unified definitions. When having discussion with different stakeholders of programmatic, it feels like the old parable of blind men touching elephant from different angle. Your view of elephant is totally different based on are you touching its nose or backside. Same thing with programmatic. Some are talking about buying, some about tools, some just about display advertising, some about multiple creative variations etc.

We need to strip away the unnecessary “magic dust” surrounding programmatic and agree on basic definitions. Unfortunately, it has been tainted by snake oil salesmen, who actually benefit of having people confused about what programmatic truly means. They have been benefitting on making it more complicated and less transparent than it should be.

Because at its core, programmatic is a great thing. It is about reaching right audience with right creative on right context and with right price. So essentially it is what advertising has always been. Now we are just able to do it with more precision.

Programmatic advertising is not means to the end. It should always serve as slave that helps to drive stronger brand and better performance.

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Video Killed The Digital Star: 6 Key Online Video Trends

Last Monday I was speaking about the latest Video marketing trends. Visual storytelling will be more and more important and naturally video is the most important way to tell visual stories. Video is growing rapidly and currently there does not seem to anything stopping this rapid growth:

  1. Video just keeps growing

We are living in visual age. Picture tells more than thousand words and video tells more than thousand pictures. In next three years video will account 79% of all Internet traffic. Businesses are expected to spend nearly $13 billion on video marketing in 2018. Lots of the discussions about video is focused on entertainment, but we tend to forget that YouTube is the world´s second largest search engine. 75% of consumers believe that a video describing a service is important and 25% will lose interest if your company is not explaining through video.

  1. Catching the attention is more difficult than ever

1/3 of of all YouTube videos have less than 10 views. That is quite pathetic and showcases the wide gap between hits and misses. Within top 10 most watched videos in 2016, there was only one ad (Nike The Switch). Of all the top 10 most watched ads, half were actually Superbowl ads. You are not only competing with other brands, you are competing of the time of your audience.

  1. It is not mobile-first, it is mobile-only

Mobile video is growing 25%, whereas desktop video consumption is declining for the first time ever. People are already consuming video 36 minutes on their mobile devices compared to 18.5 minutes on non-mobile devices. This mobile shift will affect your video production: Have you thought about vertical videos?

  1. Consumers are craving for instant gratification

Unfortunately average human attention span has fallen below the one of goldfish, so not surprisingly 75% of consumers prefer video under 60 seconds. YouTube is aggressively pushing their 6 second videos, which is enough time to tell even world´s greatest stories (below is Hamlet):

  1. Video platforms are eying for the prime time

YouTube are evolving from dubious quality user-generated snackable content to full-blown entertainment powerhouses. YouTube has couple of interesting offerings: YouTubeTV (cable-free LiveTV) and YouTube Red (ad-free offering focused on music and content creators). Facebook has not exactly resting on its laurels and Facebook Watch provides original video shows.

  1. Video is getting more interactive and immersive

This quarter there were over 2 million VR devices shipped (ranging from no-frill Google Cartboard to top-tier Oculus Rift), but VR has not yet hit mainstream. It currently works well with events and gaming, but we have not yet seen the killer app (or device) that would break VR to become a household name.

Augmented reality is already more mainstream (with Pokemon Go last year and popularity of face filters in Snapchat and Instagram). New Apple ARkit will just keep on making Augmented reality more popular.

Based on the calculations by Credit Suisse, VR/AR market could become as big as the current smartphone market:

Screen Shot 2017-10-16 at 4.01.47 pm

Source: Credit Suisse

So in the future, you do not only need to consider what is your content angle with your video. You have to also consider the depth of interactivity and immersion you want to obtain.

In many ways digital marketing is becoming more simple. It is all about two things: performance and content creation. The latter is all about video creation and to succeed in the market place, you have to be master of video production as well.

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