I decided to add a new posting format to TheDigitalBlur. The “Digital Marketing Round-Up” will be posted around the end of each month and will be a combination of short thoughts on issues that I feel will have a big impact on us marketers in the not so distant future. This ranges from acquisitions to companies restructuring, new applications of technology, and new ad programs. I hope you enjoy it!
So without further delay, The inaugural Digital Round-up for June 2008…
I am waiting for the true integration of Google and Doubleclick units, and although this will present a fine privacy line as it relates to the personally identifiable data that Google does indeed have via Gmail etc, there should be an easy way of firewalling that data if need be. We live in a data driven world folks. This is the future of content and marketing distribution. Creating increased relevancy for the consumer is a good thing. I have posted many thoughts on this matter, and I expect that we will get past the perceived privacy issues as we have with every other aspect of digital marketing to date. Doubleclick has been the martyr of at least one round of this issue in the past. Relevancy is a benefit, I wish we could all just get over it and move on.
Microsoft Acquires Semantic Search Technology: After the failed attempt at acquiring Yahoo, Microsoft last week announced the acquisition of semantic search company Powerset. Of course this was in the works for a long time , but the timing of the announcement was classic. Does Microsoft + Powerset = a threat to Google? Not in a million years. The momentum of Google’s stronghold on search is going to be tough to beat, or even compete with, as Yahoo and Microsoft have both learned the hard way to date. But the advances in semantic technology will in theory make for better search experiences over time, and this is Microsoft’s first step in the direction of developing a new search mouse mouse trap, or least improving the existing one. I’ve reported previously about Yahoo adopting semantic web standards, and have predicted that the application of semantic technology will fuel the next evolution of the web itself. In the increasingly data driven world we live in, I fiercely stand by that prediction.
Nokia Acquires Remaining Part of Symbian: It’s no secret that consumers’ and marketers’ dependence on the carriers for on-deck mobile opportunities will change over the next few years. Nokia has been making headway in the mobile advertising space, and the acquisition of Symbian should prove to be part of paving the road to the golden goose. Symbian currently runs on over half of the smart phones in the global market. However, with Apple’s iPhone and the soon-to-be-rolled-out open platform “Android” from Google, Symbian’s market share can be eroded quite easily. By standardizing an open platform, Nokia should be able to entice additional development and remain a major player in the mobile OS world.
More Print Shift To The Web: The LA Times slashed 250 jobs last week, the findings – consumers don’t have the time to read the paper anymore. Editor Russ Stanton stated that “The Web and print departments will be merged into one operation with a single budget, and the company will also refocus on being more versatile. We’ve heard these sentiments before, and we’ll here them again from others.
Average TV Network Viewer Age = 50 Years Old: Of course this varies from network to network (CW median age is only 34), but the trend shows that TV viewing audiences are getting older as media continues to fragment. It’s a brave new world out there, and as digital media consumption increases, we need to solve some of the basic issues that have plagued our industry since the dawn of online marketing history, including establishing more industry level research and data on the correlation of various aspects of advertising as it relates to effectiveness, as well as educating marketers about digital measurement in general. It still boggles my mind how many marketers (and agencies for that matter) mis-align their KPI’s (key performance indicators) with their objectives, or chose to use irrelevant metrics like CTR. There’s a lot of experimentation happening with emerging media, and most have not mastered the basics yet. A year has past since I published an article in MediaPost on this very subject, and on an industry level I haven;’tseen or heard of much change.
MySpace & Facebook – Battle of The Redesigns: Facebook is quickly catching up to MySpace’s market dominance, in part due to the open platform for developers and the streamlined nature of the profile design and application of the social graph. With Facebook’s upcoming redesign, applications will be moving to a separate tab, and the news feed will become even more prominent than it is currently. This is a big change amid marketers’ experimentation revolving primarily around launching applications and subsequntly trying to foster participation. Meanwhile MySpace rolled out a redesign a few weeks ago, which was primarily focused on streamlining the chaotic mess of a structure that was once consumer profiles. Cleaner navigation and increased applications of the social graph has been Facebook’s strong point. and MySpace’s achilles heel. MySpace had no choice but to update., and ‘they done good’. Even though they are a leader today, there always exists the chance of MySpace getting displaced as we have seen with other social networks like Friendster.
Publicis Consolidates and Creates Vivaki: Next in the big agencies to announce the consolidation of digital assets is Publicis. WPP and Carat have already sone so in varying capacities, and inevitably all the others will follow suit soon enough. Note to David Kenny & Jack Klues: the first step to proving that Vivaki is the right digital solution is following best practices. That 10 second flash intro on the new Vivaki website needs to go! Rishad, same to you buddy on the Denuo site.
This is a topic near and dear to my heart, and I often write about the morphing agency structure. The fragmentation of media and the shift to a data driven marketplace has created a shift of general marketing strategy from the creative agencies to that of the media agencies. Many of the holding companies have even developed units that specifically specialize in the development and stewardship of strategy. We will continue to see re-bundling of agency services, although to a degree the specialist is needed more than ever . Agencies must attract and recruit specialized individuals to ensure the proficient execution across an ever growing palette of channels. We have seen many senior digital agency execs moving to the client and publisher side as an additional trend lately. Integration of services to offer a big picture approach while maintaining proficiency in the specialties will be the new agency positioning.
Social Media As A Formal Discipline?: As the opportunity cost of not monitoring the conversations and interactions surrounding your brands and products increases, the role of full time Social Media Strategists and Community Managers have crept into recent rounds of recruitment for marketers and agencies alike. The required commitment to the social media ecosystem has made it apparent that the attention of at least one full time staffer on the agency or client side is going to be a requirement at some point for all brands. Although brands can have their agencies assign a full time person assigned to their brand (today there are many specialized and integrated agencies who offer social marketing services), there is an economic reality that brands may be best served in this manner internally, with support from agencies for specific tasks and projects. It’s far too early to tell, but if I were a major brand I’d be looking for an internal manager at this point. The costs of the monitoring tools are coming down and the players are becoming more diverse. The social media ecosystem is evolving before our eyes, it’s a lot to keep up with. Brands must commit to be committed – hire a social media manager or at least an agency that can help you wrap your arms around what’s happening in social media and what it means to your brand.