Marketers are constantly looking for increased value from their campaigns and the Web offers them better targeting of customers and improved measurement of impact. May 2009 sees the eMetrics Marketing Optimization Summit come to London and New Media Knowledge caught up with the summit’s founder.
moreThe way applicants apply for jobs is changing fast as Web-based content replaces the traditional paper CV. New Media Knowledge spoke to an online recruiter looking to make the job search and hiring process far more intuitive using Web 2.0 tools.
moreThe digital media sector has been one of the few bright lights in wider economic gloom. With mixed messages as to the level of investment in online marketing next year, New Media Knowledge spoke to various sector players to gauge their thoughts.
moreThe 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. more
The future of media will be dominated by attention availability disorder, the condition people suffer from when they can't begin to watch anything without feeling compelled to watch something else, says Michael Nutley...
The future of media will be dominated by attention availability disorder, the condition people suffer from when they can't begin to watch anything without feeling compelled to watch something else...
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That’s the view put forward by VC, Dragons' Den panellist and NMA columnist
Doug Richard in the 6 July issue. It’s not a new idea, of
course; it’s a 21st century version of the old
“cash-rich/time-poor” problem. But Richard’s argument is that
the boom in user-generated content and social networking is
taking that problem to an entirely new level as the number of
content producers and the resulting amount of content
proliferates massively.
The same argument cropped up at the Blue Sky forum I hosted at
NMA’s Online
Marketing Show in June in relation to advertising. Rights Marketing Company founder Michael
Bayler argued that the fundamental problem facing advertisers is
to persuade consumers to accept advertising messages in the face
of this deluge of content.
“Continuous partial attention” hurting advertisers
This would certainly explain the bizarre current phenomenon of
ads being hyped in other media, for example Lynx’s recent online
campaign to promote its Billions Of Babes TV ad. And the same
argument fuelled Lord Saatchi's speech at the Cannes Lions
International Advertising Festival a few weeks back, when he
talked about the problems facing advertisers, and advertising,
in a world where the best they can hope for is the partial
attention of their target market.
Not surprisingly, there are a number of solutions proposed for
the attention problem. Lord Saatchi went on to suggest that the
only brands that would survive would be those that could distil
their essence down to one word, which would then achieve the
cut-through marketers are increasingly desperately
seeking.
Solution in brands offering value up-front?
Michael Bayler, in a July column in NMA, takes a different
approach. He believes that the only way for brands to persuade
consumers to listen to their messages is to offer them value
up-front, to persuade them the messages will be worth
hearing.
This view is not so different from the “advertising as service”
theory propounded a few years ago by Modem Media
founder GM O’Connell. The result is the same as that desired by
Lord Saatchi, but Bayler¹s view of building relationships
through information and value seems more plausible than the
near-mystic qualities Lord Saatchi attributes to his one-word
branding approach.
Lion’s Den panelist backs filtering technologies
Doug Richard sees another solution; technology. He sees VC money
starting to move to those companies that can develop filtering
technologies that help us to find what we want, whether that be
a new band or a new product. He gives the examples of music
discovery systems Last.fm and Pandora, which use the preferences of other
listeners and mathematical analysis of musical characteristics
respectively as the basis for recommendations.
What Richard, Bayler and Lord Saatchi all acknowledge is that
the game has changed. The power now rests in the hands of the
consumer whose attention advertisers and content providers are
trying to attract. Interactive technologies have already
provided many of the tools by which that power is exerted, and
will continue to do so.
Back to the mid-90s, pundits were predicting that intelligent
agents would scour the Internet on our behalf, searching for the
things we wanted. Like so many ideas from those early days, it
vanished in the crash. But, again like so many early ideas, it’s
re-emerging. Because, as Richard points out, what we need is not
a way of finding more stuff, but a way of just finding the stuff
we want.
About Michael Nutley:
Michael Nutley has been a business journalist for twenty years,
covering a number of areas including software,
telecommunications, construction and leisure. He took over as
editor of New
Media Age in July 2000. As editor he maintains a strategic
overview of the entire new media sector, from both a client and
a service provider perspective. He’s also particularly
interested in online advertising, interactive TV and the
transformative effect of interactive media on organisations.
Before joining NMA he worked for a year as associate publisher
of Centaur Business Intelligence's portfolio of marketing
titles.
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