The Demexco Digital Marketing Exposition and Conference in Cologne is already a week behind me and I finally have the time to write a quick update. First and foremost this event is indeed about marketing and less about branding. Even though in today's business environment branding and marketing converge as a result of the growing importance of digital, the majority of the exhibitors are players in the digital marketing service area. From SEO and SMO, via 'classic' email marketing, web-analytics to online video and media placement, the most important players, start-ups and even corporates in these areas where there. Yet there are two topics which caught my eye which are relevant to Branding. Social Media Monitoring and David Sable's Keynote about 'Generation World'.
Watch your Brand
Marketing Dashboards for website statistics and analytics are common tools in marketing today. Whether developed in-house or sourced from an external supplier, they've become the digital equivalent of a plumber's pair of adjustable spanners. With the rise of Social Media a need has risen to monitor discussions, messages and tweets that concern a Brand.
Over the past two years a number of suppliers and start-ups popped up to address this need. At the Demexco I could only find three serious contenders, one of them being IBM, the other two being TalkWalker and Brandwatch.
IBM presented a Dashboard based on their Cognos software suite. In a discussion with the sales guy I quickly discovered that they are trying to sell this to the big corporates in Germany. Their challenge there is that they are perceived and probably behave, as a technology provider. Something which is confirmed by the design of their dashboard, the graphs and their selection of parameters.
Brandwatch had a very nicely looking dashboard which makes a lot of sense for Brand Managers. Their platform can crawl in a couple of European languages and comes across as a fairly mature product with a nice front-end and a website where additional information is available in the form of eBooks and "how-to's".
TalkWalker was probably the best solution for Brand Managers I've seen. Their platform has an easy to grasp interface with intuitive parameters. The nice part about their story is also that they are actually more in the data gathering business and have started to develop the analytics that transforms the data into meaningful indicators. The front-end was actually developed in-house so they can present their data and analytics services better. They claim that their data-set can even look 2 years back in time and can crawl in 50 languages in 49 countries. There platform is also targeted at agencies and research institutions. They are right now very well placed to help Corporate organisations to adopt Brand Monitoring and learn how Social Media Brand Monitoring can be used to improve Branding and how it can contribute to improving Corporate Image and Corporate Design strategy.
Learning by doing
But no matter what the technical solution offers the effectiveness of these platforms depend on how one sets up queries around themes, keywords and combinations of keywords. These then need to be transformed in Brand specific indicators which help Brand Managers to understand what's going on. How these indicators are defined is something each Brand has to learn over time. Finally a Brand needs to decide if certain indicator values require action and what these actions should be.
In any event it is clear that Social Media Brand Monitoring is here to stay and that enterprise tools are available to start this Learning by Doing process.
David Sable's Generation World
The Keynote speeches at Demexco offered a few highlights too, one of them was certainly David Sable's keynote where he explains his Generation World vision. Generation World is about how demographics are changing and globalisation is changing our relationship with brands. It explains why segmentation for marketing purposes in the classic sense is therefor less effective than ever before.
Today we see consumers of over 50 skateboarding and using iPads, something which teenagers are doing as well. Globally we see convergence of consumer behavior around globally available borderless services. In short we see that we are borderless, ageless, more connected but also more siloed.
In this landscape Brands are more and more important as anchor points. At the same time Brands need to understand that consumers are better prepared to choose and they choose based on how a Brand fits their needs. He illustrates this with Uniqlo as a Brand that has a collection that's suitable for a very broad audience of all ages and for both sexes. At the same time American Apparel has understood that their audience is aging and uses therefor senior models for their marketing and advertising.
Consequences of this Generation World are:
- We are in constant Beta, specifically when it comes to digital services.
- Access is the new ownership. In other words I want access to music or books, I don't necessarily need to own them.
- We are craving "Pre-Digital" experiences, like e.g. exchanging recipes and sharing experiences around food they ate.
- Global resonates locally. We see that global products and services are localized an example that he illustrates using McDonalds and their localized products such as the McVeggie and McFallafel burgers.
He ends with the recommandation to rethink the boundaries of a Brand's audience.
Generation World is an inspiring vision although I would say that certain assumptions are changing already for the digital native generation. Craving Pre-Digital experiences e.g. is something that digital natives probably see different. For this generation the boundary between digital and real-life is no longer there. Digital experiences are as real as real-life experiences, which means that Brands should be very careful in distinguishing between these two when targeting today's teenagers. Or actually they can use this to their advantage. More specifically this means that conversations on Facebook are as important as a face-to-face meetins if not more important.
This then finally connects the first topic, Social Media Brand Monitoring, with David's speech. Brands should be part of the digital natives generation while being aware of the impact that the Generation World concept has on their Branding and Marketing efforts, knowing that digital conversation are of growing importance.