Over the past couple of days, there’s been many good panels taking place at the Spring Digital Hollywood conference in Marina del Rey. I believe I heard the conference’s organizer, Victor Harwood, mention that there were over 600 participants through around five or six concurrent program lines (such as the Variety Entertainment and Technology, Connected TV – Hollywood Alliance, Content, and Urban Media summits.) There are more than plenty of sessions that could be taken in over the course of four days. For the most part, I made it a point to check out the sessions on media/advertising – in gaming, online video and regular video inventory – and a couple of things became abundantly clear. The major point to me is that there are many people who are focusing on the mechanics of how to pull off campaigns and not enough people who are developing media rollouts for a holistic and strategic point of view. As more and more functions of the media business become automated, there will be a clearer delineation between those who get it and those who are just pushing buttons.
At these types of conferences, the best use of time is when there’s open discussion and even debate among the panelists. Those times have come up a bit – and they are interesting more often than not – but there’s been a greater amount of timidity (or too much manners) on many of the panels. In each case, the more excitement and engagement came when the audience (or strong-willed panelists) pushed the needle and added some spirit. It forced the panelists to get beyond their surface comments and dig deeper into the hows and whats about what they were describing. In those moments, you could begin to see the separation between the ideals and themes that will elevate further in the future and those that won’t.
Those who looked at issues of media from a holistic and strategic level that went beyond straight demos and display started to get into why a different way of thinking is required in order to excel in the digital space. The times of planners being able to do the status quo and/or think of media in terms of how it has been thought of for decades is becoming the past. Certainly, I’m not talking about a wholesale change. But, if you consider the fact that exchanges for the purchasing of inventory will be automated in such a way as to emulate the financial trading systems (or exchanges) currently on Wall St, then you’ll see that there will be much more reliance on smart and nimble executives than on the “plaster the world with RFPs” mentality that is currently so common. Roger Wood , of iCrossing, talked about this in a session yesterday and Cory Treffiletti focused a bit on it in his column today.
The people we are trying to reach and the platforms on which to reach them are fragmenting so quickly that its sometimes hard to get a handle on it – much less convey the intricacies to the C-level – with the benefits and drawbacks to that fragmentation sometimes showing itself on the same side of a coin. On top of that, you figure in elements relating to social - and the opportunities become exponential. It is those who are smart about the ways to reach and engage that will stand out. Those who rely on gross numbers alone might tread water, but those who understand that managing those gross numbers AND finding ways to expand reach through intelligent execution, innovation and sound strategy will be swimming laps around the competition.
Even the establishment for what constitutes a campaign’s success continues to grow in the way of measurement options and their varying forms. While the KPIs may have been simpler or more clearly defined and consistent across campaigns, there are many more nuances to take into consideration from one campaign to another. It will require a much more strategic mind to qualify and quantify the milestones you are looking for – as opposed to just setting an impression threshold. That in itself is what will separate the opportunities in digital from what was the norm in the past.
While the mechanics are an important part of any product – whether it be a media campaign or a gizmo sold in Walmart – the overall vision is what separates ho-hum from solid or even spectacular. Those who get that, either on the client or agency side will be the ones to excel while the others will be simply going though the motions – and the differentiation will be absolutely clear.