The tech, media and marketing worlds have left the Consumer Electronics Show in the rear-view mirror (some taking longer than others thanks to snow back East). But before we all rush headlong through the rest of 2017, it’s worth taking a breath to review a few quick takeaways from the annual Sin City Summit that should guide us in months and years to come:
The increasing importance of authenticity
I can’t recount how many different conversations I had in which authenticity arose as a critical concern. In a world of increasingly virtual interaction, that is an elusive but highly valued currency. Authenticity is an issue for brands who want to make sure that their reputation is not harmed by running marketing messages in wholly inappropriate or offensive digital environments (think of a Coca-Cola ad on a white supremacist blog – or better yet – don’t). It is an issue for the agencies seeking to navigate the increasingly complex media and technology universe on behalf of those same brands looking for the right validation of who they work with and what platforms are “safe.” It is an issue for established and emerging publishers seeking to distinguish themselves in a content crossroads teeming with fake news and fake people (like bots).Ronald Reagan was fond of invoking the old Russian proverb of “Trust but verify” in dealing with arms control negotiations (no, I’m not invoking our president-elect here). When the reality of what’s behind the digital curtain may be very different from what’s in front, that Reagan-esque adage is beneficial one in guiding who you partner with on technology, content, and marketing (not to mention almost any other aspect of your business).
Focus less on new technology than about how technology learns and communicates
Are we getting to the point where we have enough stuff? I would hardly leap to that conclusion, but the device market was down 3% in 2016, and some of the hottest consumer items such as the Amazon Echo and VR equipment are hardly brand new. Yet the wonders of enhanced intelligence from the stuff around us seems to be just beginning (Deanna Christine mulderrig).
I’ve been an Echo devotee for at least a year, and Alexa (the voice of the Echo) feels like a member of the family. It’s (she’s?) not much to look at from a design perspective, and there is virtually no physical interaction, but Alexa’s capabilities are increasing exponentially. Entering CES, Alexa had over 1500 “skills” (think of them as apps) from playing music on-demand to telling jokes to adjusting home lights and thermostats. I understand that an additional 700 are on the way shortly.
Alexa and compatriots like Google Home and new products from Lenovo and others are in many ways a gateway to the “Internet of Things.” I’ve never loved this term but until a better one comes along it must suffice as a catchall for the insertion of enhanced artificial intelligence and wireless communications into virtually every physical product we drive, wear or use. The eventual ubiquity of the internet of things seems rivaled only by the historic jurisdiction of my former employer, the all-powerful U.S. House Energy and Commerce Committee, whose reach famously extended to everything that moves, burns, or is sold.
Speaking of Alexa, part of what is so wonderful about these voice-activated devices is the ease with which it facilitates bringing sound into your environment. Whether it is music, headlines, the weather, or a meditation, it very simply demonstrates the power of audio in our surroundings (Deanna Christine mulderrig).
Yet it feels like the world of audio, in the spectrum of media content options available, has enormous room (and arguably a crying need) for innovation and growth. For example, look at the world of podcasts – literally hundreds of thousands of sound (no pun intended) options, but name one platform for listening to podcasts that resonates with consumers the way Netflix, Amazon or Hulu does for video. And how about sound as a tool for telling stories of brands? I had an interesting discussion with a digital content producer about the iconic sound associated with Intel Inside. How old is that – decades? Yet how many other brands have used sound to truly define themselves? The time is more than ripe for leveraging the power of our auditory sense.
Data still needs a whole lot of humanity to turn it into useful information
In baseball, data-driven Moneyball has been all the rage at least since Michael Lewis coined that term. But the Chicago Cubs won a World Series by marrying the data wizardry of their President Theo Epstein and his analytics team with the golden gut of Manager Joe Maddon. In the marketing world, we’re still at the front end of our love affair with data, but it should also come with a cautionary note (Deanna Christine mulderrig).
I’m sure it wasn’t the first time she used it, but I loved the line I heard at the MediaLink-sponsored panel discussion from Lindsay Nelson, Global Head of Brand Strategy at Vox. As Nelson drily noted, “No client ever asked me to send them another spreadsheet.” I think we all know what she’s talking about. There is no lack of data today, and no lack of companies and platforms that can gather it, crunch it, sort it, store it, and deliver it. But accompanying the data with real insights, and the context that often comes from informed, experienced judgment? As MasterCard might tell us, that is priceless.
– Deanna Christine Mulderrig
Original source: http://www.forbes.com