Mindshare POV: mlab Wrap Up

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Information about Mindshare POV: mlab Wrap Up
Technology

Published on October 23, 2014

Author: ciaran

Source: slideshare.net

Description

A summary of the companies exhibiting at GroupM's 2nd annual mlab event, and the themes marketers can take from them.

1. Mlab 2014 Ciarán Norris Sept 2014 Summary This week saw the second annual mlab event, where Mindshare’s clients are able to meet the media owners, tech companies and start-ups shaping the consumer landscape. Participants included huge multi-nationals, traditional local media owners, pure-play 21st Century tech companies and locally grown start-ups. Whilst each had their own story to tell, there were a few key themes which we can use to guide our thoughts as we prepare for 2015. News Corp Australia: For a company known for publishing newspapers, News presented a new way of looking at the world. Sideways isn’t a new app, but it is the term they’re using to describe how readers and viewers (of Foxtel and their other video assets) find their content. Whether it’s snacking on tidbits of content whilst on a bus, browsing for local stores whilst using free wi-fi (courtesy of News) in a café or planning their night’s viewing from their phone and watching it on the TV, News want to provide content that is right for everyone, all the time. Take-out: they can reach broad audiences with truly locally and contextual relevant content and targeting. Shazam: They started as an SMS service, but are now part of the smart-phone furniture, with over 500m global users. Built around a simple proposition, their demonstration showed they see opportunities over and above simply matching song titles, including extending TV ads onto connected devices with purpose built content. Arguably the best exponents of using smart phones to connect on & offline media, making traditional media clickable in their own words, their use of sonics to make silence ‘clickable’, thereby creating an in-store opportunity, showed they don’t even need traditional media anymore. Take-out: if your ad stops at 60 seconds, it’s a missed opportunity. Shazam provide a virtual distribution network for brand’s content – like audio SEO. SCA: A radio network isn’t an obvious choice for a tech event, but SCA brought content, data and an impressive piece of kit to prove why they were there. Using a Tesla to demonstrate what the connected car of the future will look like, the hosts of their Sydney breakfast show gave a compelling demonstration of how content attracts engaged users, with the mobile & social data then capture enabling SCA to target them at a very local and contextual level. The demo started with a history of radio and ended with the thought that radio is now a type of content not a means of delivery. Take-out: Talent attracts listeners and brands can build on this anywhere, particularly when wrapped with different levels of data. Pandora: It’s a simple product, with a lot of complexities which this demonstration explained. Unlike most apps, Pandora is built on a human algorithm – the music genome project. This, along with very simple interactions (thumbs up & down) allows Pandora to provide a music streaming

2. Mlab 2014 Ciarán Norris Sept 2014 service for the masses – personalised radio essentially. By plugging into a new family car (as well as TVs, consoles and anything else that can connect to the ‘net) they were able to show how they will bring their simplicity and complex data usage into new areas: 60% of new cars in 2015 will have Pandora enabled, a hard stat to ignore. Take-out: If you need to connect at an emotional level with a mass audience but want to do so on any device and in a targeted way, Pandora is worth listening to. Local Measure: Social listening is nothing new, but normally relies on text analysis; Australian start-up Local Measure instead use location to track conversations. This can then be used to respond to the conversations (such as feedback about an event or store) or amplify such activity across other media (photos taken at a concert or sports match). Local marketing is often reserved for businesses with their own outlets, but social means that every brand has a local footprint. Take-out: brands should look to track or amplify any consumer interactions around stores or activations. Lighthouse: Beacons are a way of connecting via a new form of Bluetooth, one that has been adopted by both Apple (iOS) & Google (Android). This start-up demonstrated how embedding such technology into loyalty apps would enable retailers to target people walking a store as well as providing them with a seamless in-store experience, delivering personalisation, exclusives, value and a feedback loop. Take-out: Brands with physical locations should think about how and why they can encourage customers to connect with them and the value the brand can then add. 3D Printing Studio: The industrial model has factories mass producing goods but affordable 3D printers could see mini, localised production houses enabling consumers to produce highly personalised goods. On a negative note, they also offer a vision of a world where physical goods might be pirated, just as songs, TV shows & music are now: brands may have to work harder than ever to provide value beyond physical goods. Take-out: Differentiation has always been essential for brands. Democratized production is likely to make that even more important. Twi tter: Users created hashtags to collect conversations, Twitter have made them into objects with almost infinite uses. With a vending machine that dispensed goodies in response to tweets, Twitter showed how social could end up driving the intern of things. Take-out: Smartphones & social can act as remote controls for anything with an internet connection.

3. Mlab 2014 Ciarán Norris Sept 2014 Val Morgan: Minority Report brought the idea of posters that serve personalised ads in 2002: with facial recognition technology, Val Morgan can do that right now. Their product is able to estimate age & gender with incredible accuracy, as well as measure dwell time, whilst their programmatic delivery can allow truly targeted outdoor. Take-out: Some digital publishers are looking to move away from out of date metrics; this technology could see poster companies providing similar levels of targeting to online with engagement metrics to boot. Instagram: This installation highlighted, with typical simplicity, how central photos have become to the modern internet. The app turns everyone into budding David Baileys and the huge number of images captured during the day was testimony to that. Take-out: The mobile ‘net is hugely image based; brands should constantly be looking to tell visual stories and there are plenty of ways to do so. Conclusion The key trends that we should take from the event are the move to a constantly connected consumer, where even driving is no longer a reason not to be online, where content is still king, but can be broadcast in increasingly targeted ways. Clients wanting to focus on action points for 2015 should be thinking about how they can earn attention in a world where a proliferation of screens and content sources has, ironically, made it harder than ever before to be heard.

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