One of the best research-oriented conferences in the
industry is the ARF Re-Think 2013 which just concluded in NYC this past
week.
"Re-Think" is an appropriate word to describe the
role of research in the media industry today. Research is no longer the
corporate function that we have known for the past 30+ years. Now Research has
evolved into a range of disciplines from analytics, strategic insights, big
data miners and even storytellers. Ask someone in research where the greatest
challenges are and they will tend to cite some form of measurement whether cross
platform, brand differentiation, market mix modeling, panel representativeness,
aggregating layers of information about consumers’ lives, measurement at scale,
duplication and keeping up with
technology.
View the range of responses here in a video taken at the ARF Re:Think 2013 conference.
View the range of responses here in a video taken at the ARF Re:Think 2013 conference.
Change is occurring in all aspects of the media landscape. According to keynote speaker J Walker Smith of the Futures Company, it is now the best of times and the worst of times for brand marketers. Between the extremes of the rise of the digital age that makes our lives more connected and the outrage over societal ills that divide us, there is a kinship economy formed by global rage and a crisis of leadership. What this means is that consumers are buying locally, buying less and forming attitudes that are less favorable to global brands. In some cases they are avoiding certain companies entirely. Their reference points are changing from aspirational to survivalist and they are breaking away from big authority and forming their own thought leader groups among their peers.
This impacts
brand engagement. In the old model, it is the brand that engages the consumer.
Now brands are advocated by people interacting with other people in the social
media environment. Some advertisers are jumping into this new ecosystem and
succeeding such as Amex Sync and Nike. They are creating opportunities for
consumers to interconnect and create social currency to spend. We are never
going back to the old way, Smith concludes. Brands must evolve or suffer.
A thought provoking presentation by lunch keynote Steven
Kotler of the Flow Genome Project offered a provocative appraisal of what
constitutes happiness. Happiness, he postulated, is measureable. And our states
of happiness often occur in what he calls Flow States - those meditative,
"finding your groove" times when the world seems in sync, the
creative process expands and intellectual performance improves. Flow, Kotler
noted, is becoming increasingly important to businesses and ways are being
developed to measure group flow in the workplace.
Between the personal chi of flow
and the external push of kinship economy, how can one ride along with the change
before it steamrolls you? Kathy McGettrick of IBM advised to stay updated with
the trends and organizationally bring social and analytic experts into the
Research function. She said it would help to become an insights alchemist –
someone who combines raw materials together to create gold. Research companies
need to be nimble and need to be, as Nielsen’s Paul Donato said, "conspicuously
innovative" and as Wharton’s Jerry Wind warned to ”avoid the traditional
arrogance of traditional companies” and “start to experiment.” Mark Truss on
JWT suggested a 1% challenge: “Take 1% of the Research budget and use it for
experimentation. Try and fail and learn from failure and move on. Volunteer for
new experiences.” All very sage advice.
The range of research innovation
presented at the conference was heartening from ESPN’s Blueprint cross platform
measurement to CBS’ segmentation of Media Trendsetters and Program Passionates
to NBCU’s blending of Comcast STB data with authenticated online tablet and VOD
data to the range of neuroscience based companies quantifying eye tracking on
the various platforms.
Ultimately, I walked away from
Re:Think 2013 convinced that as the future “flows”, it is our job to keep up to
date … as well as up to the data.
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