Anúncio

Doremus weighs in on Wharton’s Future of Advertising Program: Agency 2020

28 de May de 2013
Anúncio

Mais conteúdo relacionado

Apresentações para você(20)

Similar a Doremus weighs in on Wharton’s Future of Advertising Program: Agency 2020(20)

Anúncio

Doremus weighs in on Wharton’s Future of Advertising Program: Agency 2020

  1. Agency 2020 (in bites) Written by Doremus Co-authored by Evelyn Neill, Executive Creative Director Howard Sherman, Worldwide President and Matthew Don, Chief Innovation Officer
  2. In order to understand what Agency 2020 looks like, you have to ask yourself what 2020 itself looks like.
  3. 2020, Generally Speaking: Technology is geography (it’s one world) Sustainability is efficiency (greener is cheaper) Each person is empowered (freer to soar & freer to fail) These obvious points capture a snapshot of all of wonders – the ubiquity of Internet-facilitated revolutions, the rise of efficient technology and the high cost of fuel that is inspiring it. The rise of the individual voice thanks to the technological amplification of that voice. The crumbling of the paternal employer and blue chip safety – replaced by the empowered, mobile, entrepreneurial, global, untethered and unprotected individual finding his or her way in the world. It’s a marvelous, dangerous adventuresome world. A veritable plugged-in Dickens novel.
  4. You imagine the future by searching for its roots in the present.
  5. True now, truer in 2020 Technology is the game changer Internet population 2007 vs 2012, a 2x increase in 5 years Data source: Internet World Stats www.pingdom.com
  6. A view of the big data landscape detailing how much content is created every minute of the day. Domo, 2012 People have integrated technology into their lives True now, truer in 2020
  7. Thanks to the transparency of technology, agencies and their clients can’t control what customers think and know about brands/products/events. Ahh, the Mommy Blogger who took on Maytag. The legendary friendship between Zappos, the online shoe retailer, and its customers. Passengers who wage war with mobile devices from delayed planes on the tarmac. These stories abound like fairy tales of commerce: evil companies with poisoned apples, giant-slaying customers with technological slingshots. By 2020, the novelty of this power will fade away. Like women playing sports and gay marriage, these will be ordinary stories of daily triumph.
  8. We may not be able to control customers, but we do know a LOT about them. Doremus 2012
  9. The questions is: will we be able to mine the infinite data by 2020 and will it reveal magical insights? “Every day, we create 2.5 quintillion bytes of data – so much that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere: sensors used to gather climate information, posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone GPS signals to name a few. […] Big data is more than simply a matter of size; it is an opportunity to find insights in new and emerging types of data and content, to make your business more agile, and to answer questions that were previously considered beyond your reach.” What is Big Data, IBM, 2012
  10. Or will it confirm something we already know?
  11. Not to be forgotten In order to stop a slump in orange sales in the 1920's, Albert Lasker of the California Fruit Growers Exchange popularized Orange Juice. This is the heroic ideal of the the big idea. Is the Killer App, the Big Idea, any different from the Fosbury Flop? For those who saw Dick Fosbury go over the high jump bar BACKWARDS, using the simple power of centrifugal force, it was as if the world had inverted, the sun rose in the west. A good idea is a good idea – shockingly simple and revolutionary. This will be true in 2020, 2040, 2060.
  12. The pernicious staying power of “the BIG IDEA” as a mainstay of the idea business is an abiding validation of the principle that people are the same – they still respond to “game changing” ideas.
  13. So if people don’t change, but tools and technology do…. What does that mean for agency structure?
  14. Well, an agency in 2020 will probably be The Full Meal Deal Agency: a technology, culture, insights, and experience company. Doremus 2012
  15. An agency in 2020 will also be The Big Brain Agency: the resource that delivers best of breed ideas from outsourced excellence. “agency” Brilliant outsourced creative Brilliant offshore website developer Brilliant small strategy business Affiliated media conglomerate Media content partnership Small design firm A gaming firm
  16. In other words, we’re going to continue to see a proliferation of models.
  17. In 2020, these will be table stakes Flexibility Adaptability Strategic capability Ability to deliver consistently
  18. The agency business is not different from other manufacturing and service businesses. It will have to figure out what to own, what to rent and when to form partnerships. And because this is a time of shifting cultural platforms, there will be many models.
  19. Are these unprecedented times? No, every time technology has presented a new platform, we have seen similar confusion and proliferation.
  20. As Victor Hugo said of the printing press when its ability to print the Bible rendered the biblical stories of cathedral architecture unnecessary: “It is the second Tower of Babel.”
  21. The printing press offered unending proliferation of “authority” and the written word. The radio changed the narrative of the printed novel. Television changed the radio narrative. The computer is altering television, telephony & mail. Mobile technology is altering the computer. Etc., etc. with increasing speed.
  22. To prepare for the future: Identify the forces that impact culture. Leverage them in appropriate and unexpected ways to further clients’ relationships with their customers. Partner with clients in a financial model that captures the worth of this endeavor. Then, repeat.
  23. And repeat.
  24. A role model: With the cathedral released from its duty to tell a story, architecture was free to become something entirely else.
  25. What will the agency of 2020 be? Something we recognize as familiar but almost certainly changed.
  26. Like the Fosbury Flop
Anúncio