The first panel discussion broached the topic of 5D, the developing area of immersive design that touches on themes around sensory experience, virtual reality environments and design that is not just digital and not just virtual, but rather a hybrid of the two.
moreThe industry received a welcome boost this week with the news that Internet advertising revenues rose significantly in the first half of 2008, despite tough economic conditions. NMK quizzed the industry on what we can expect for the next year.
moreTroubled ITV is experimenting with ‘automatically placed overlay advertising’ to help revive flagging revenues. NMK’s Chris Lee canvassed opinion from around the new media industry about the move.
moreThe era of user-generated content has provided site owners with fresh, inexpensive ways to populate their sites. But it also brings new legal headaches, best avoided rather than remedied. Ian Delaney reports from the presentation given by Paul Massey of K&L Gates at Internet World on 2 May 2007. more
Findings from the Poynter EyeTrack07 research into how people read online and in print discovered that a much larger percentage of story text was read online than in print publications. Ian Delaney reports. more
Awareness of podcasting has risen considerably over the last year - from 22 per cent in 2006 to 37 per cent in 2007. However, the number of people listening to the format remains relatively static, up just two per cent to 13 per cent, over the same period. more
The latest NetObserver poll from Novatris and Harris Interactive reveals that the internet habits of those under 25 vary widely from those of their elders. more
Ian Delaney reports on the insync event 'The Revolution will not be Televised: It will be YouTubed'. Four supporters of citizen TV and four very different ways to achieve it. more
The latest in our Beers and Innovation series concerned the topic of attention. Is there less of it than ever? Is it a commodity? Do brands need to completely change their approach to consumers? Ian Delaney reports.
The latest in our Beers and Innovation series concerned the topic of attention. Is there less of it than ever? Is it a commodity? Do brands need to completely change their approach to consumers? Ian Delaney reports.
Chairing the panel, George Nimeh (blog), MD of digital at advertising agency iris, explained the urgency of the topic. Consumers are continually bombarded with marketing messages, perhaps particularly those of us who spend a considerable portion of their life online. How can brands and marketers expect traditional tactics to work when we're seeing the same tactics employed by all of their competitors and everyone else who is attempting to grab a slice of mindshare?
Since attention is now more of a rarity than information, surely that is the site of value in the marketing equation?
Panellist Sam Sethi of Vecosys admitted to 'information constipation': he can't pass a piece of information without reading it. With a bulging email inbox, an even-more bulging RSS reader, and banners around every corner of the web, it's becoming continually harder to process even that information that we want to consume.
Sethi believes, though, that the time is at hand for something of a consumer revolution, and a significant volte-face in the way brands deal with us. The things that we do pay attention to: the websites we visit, the blogs we subscribe to, the buttons we click can be recorded and analysed. Before long, it will be possible to build up a very accurate profile of what individuals are interested in and what they'll therefore pay attention to. The technology for packaging this data is called APML - attention profile meta language, information about the information we consume.
What if, Sethi continued, there were a mechanism for exchanging that information for money and other rewards? Wouldn't brands be very keen to have some sort of marketplace for identifying the people most interested in their industries - the people who take the trouble to post blogs, write reviews for Amazon or publish photos of these products on flickr?
Chris Seth, who after a lengthy career in advertising has now become MD of the popular teen social network Piczo, is in a position to see both sides of the fence. He feels that the attention economy - the idea that atttention is worth more than information - isn't a new thing - it's existed since we had more than one TV channel or the option to fast-forward past the adverts on a video recording. For a long time, the challenge for advertisers has been to create models that engage individuals and therefore work for brands.
Piczo is an extremely attractive property for youth brands such as music companies, sports goods manufacturers and so forth. However, he felt strongly that there were clever and not-so-clever ways of addressing this audience. Sophisticated advertisers are aware that the main thing teens go onto the site to do is to create things: to work on their profile, upload and arrange media and enhance their site with widgets. So what they do is work with their audience, following a collaborative model rather than the interruptive one which reasonably describes most advertising we see. A branded yet customisable movie-player widget, for example, that users can place on their profile page is useful and respectful to users, and thus commands their attention.
Seth also revealed that Piczo is aware of the most active members of its network. Those teens who communicate the most, are most linked to and upload most new material. These individuals are rewarded by being given the status of Piczo Insiders. This group are potentially given special access to new features and special offers before the general population of the network, and since they're so active and popular, might fit nicely into a brand's plans for word-of-mouth campaigns.
The empire is fighting back in some ways, Seth suggested. Companies like last.fm and Google are very clearly tracking their users' attention data. Four years' worth of an individual's web searches, for example, would reveal so much about that person, that advertising has the capacity to become laser targeted.
Our final panellist, Alan Moore, the MD of SMLXL and co-author of 'Communities Dominate Brands', is one of the pioneers in engagement marketing. Going back to the problem, he quoted political scientist Herbert Simon, who stated:
...in an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.
Against this context, his belief is that advertising has to become more valuable than it is at present. Image advertising, he asserted, is the junk mail of the twenty-first century. If advertising isn't valuable, then it becomes very forgettable. Once upon a time, you could buy three thirty-second television advertising spots to communicate to the vast majority of US consumers. Nowadays, it's calculated that you would need to buy 119 to reach the same numbers. Advertising is very necessary, of course: commerce needs to grow. But it's becoming increasingly inefficient. And not only are the number of television channels growing, but media is fragmenting. People are spending more time with different media, so that cross-platform solutions are required.
At the same time, our trust in word of mouth is increasing. Ninety-five percent of us will trust friends and family to a greater extent than any other source. And there are people who are real advocates for particular brands. The way forward, surely, would be to try to engage with those people who will do most to influence others. If brands invite their fans to participate and collaborate in product development, feedback and discussion, then they are on the way to creating communities that will do the attention-grabbing for them. A friend telling you how wonderful their new phone is, for example, is likely to have exponentially more power than other means.
Moore cited the Nokia Forum for mobile phone software developers, the scientists' social network siphs.com and the Mini car-owners network mini.com as excellent examples of how brands (and organisations) have fostered communities that add value to their instigators in a combination of Metcalfe's Law and Reed's Law (the number of contributors to a network add value to that network exponentially).
Questions and arguments from the participants included:
'What do unsexy brands do, then?' A fair point, Coke probably has plenty of brand ambassadors, but if you're Anusol, for example, then what do you do? Answer: The Internet is big. There are still ways you can build a community.
'Attention and rewards for attention isn't just about monetary exchange; it's also about control over those communities that we choose to contribute to'. Answer: agreed - control over the content people give to a community remains a thorny issue, however. Community owners want to keep it, while users might well want to migrate it somewhere else.
'So what about new brands? How do you engage with people who don't even know you exist?' Answer: a thorny problem, but new brands swiftly get champions if they're good. Everyone likes to pass on a secret new solution to a problem.
George Nimeh concluded the formal part of the evening by
referring to Lord Saatchi's
pronouncement in the FT last year that people are in a state
of 'continual partial attention', and that if you
can't get your message across in six seconds or less, then
you've lost. Citing the recent Dove 'natural beauty'
campaign and
the success of it's three-and-a-half minute long viral
video, his own conclusion was that advertisers can continue
to gain attention, but only if they raise their game
sufficiently to deserve it.
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