COMMENTARY
Predictions For 2020: Something Old, Something New
- by Charlene Weisler , Op-Ed Contributor, Yesterday
Going (Even More) Global
With the further advancement of datasets, ways to interpret trends and the perfect storm of privacy legislation from GDPR, CCPA and others, there should be a greater shift to more universal best business practices and global insights. I personally see a greater combination of hyper-local, regional, national and worldwide media confluence on a business, technological and creative side.
With the further advancement of datasets, ways to interpret trends and the perfect storm of privacy legislation from GDPR, CCPA and others, there should be a greater shift to more universal best business practices and global insights. I personally see a greater combination of hyper-local, regional, national and worldwide media confluence on a business, technological and creative side.
This could be accelerated by the move from GRPs to impressions measurement that should link all platforms onto a common metric, the increase in interest in international content consumption (Think: HBO Nordic) and maybe somewhat by ATSC 3.0 which will continue to roll out, albeit very slowly.
There will be expansion in OOH as well. “More ‘nontraditional’ out-of-home companies are tapping into the opportunities to monetize their screens and audiences,” noted Michael Provenzano, CEO, Vistar Media, who added, “From vending machines (Vengo) to EV charging stations (Volta) to kiosks of all sorts (KeyMe) to gym equipment (Life Fitness), new types of hardware and service providers are incorporating OOH into their operations, while new types of venues, from sports entertainment facilities (TopGolf) to cannabis dispensaries (Enlightened), are connecting advertisers with their unique audiences.”
For some, the many datasets available will lead to a more global measurement approach. “There has been a wide expansion of the number of research companies producing data and metrics for a wide range of media insights,” according to Paul Lindstrom, head of research and analytics, Tunity. “2020 will (bring) new ways of understanding consumers and viewers will be ingrained into the current system of media planning and buying in more holistic ways than ever before, where insights become a part of the advertising currency.”
Increasing Complexity and Simplification of Ad Markets
With more complex choices to reach consumers there will also be more unification. From business consolidations connecting various properties to measurement systems that automate and link various sources, media is at once converging and multiplying. As Tom Xenos, director, advanced TV, Omnicom Media Group, asserted, “Advanced TV advertising will grow as the analysis of data becomes more automated and plays a key role in decision-making.”
With more complex choices to reach consumers there will also be more unification. From business consolidations connecting various properties to measurement systems that automate and link various sources, media is at once converging and multiplying. As Tom Xenos, director, advanced TV, Omnicom Media Group, asserted, “Advanced TV advertising will grow as the analysis of data becomes more automated and plays a key role in decision-making.”
OTT will also expand, according to Hanna Gryncwajg, vice president of enterprise accounts for TVSquared, who stated, "In 2020, OTT will scale as it becomes a regular, trusted part of the video mix that can be consistently measured and optimized for performance, alongside linear.” She also sees that “Advertisers will bring OTT and linear measurement together in a single platform, evaluating performance across devices and breaking it down by days, dayparts, channels, genres, creatives, and then using those insights to consistently optimize."
For Jane Clarke, managing director/CEO, CIMM, the infrastructure of measurement will advance in 2020. She predicted, “Progress will be made on standardizing ad identifiers throughout the media ecosystem (that will) inch closer to real-time measurement,” while “pilot tests of DAI on smart TVs will begin to evolve into commercial offerings,” and “manufacturers will begin to incorporate DAI technology into television sets.”
Technological Change May Slow Down
As much as we anticipate great technological changes to continue, such changes may not occur as fast as we expect. Take for example cloud technology. Bloomberg Businessweek reported that Amazon has reversed its long-time policy of only offering cloud software services and is now pushing hybrid cloud systems and hardware.
As much as we anticipate great technological changes to continue, such changes may not occur as fast as we expect. Take for example cloud technology. Bloomberg Businessweek reported that Amazon has reversed its long-time policy of only offering cloud software services and is now pushing hybrid cloud systems and hardware.
Why? Because many businesses are not moving to the cloud as quickly as Amazon predicted -- and further, some never will. It is possible that business' capacity to incorporate new technology may reach a temporary saturation point this year and adoption will slow until business practices can catch up.
Some believe that social media may hit a brief wall. “Why? Because fewer people are using social and/or are likely to decrease their usage during the upcoming election year,” posited Mike Menkes, senior vice president, Analytic Partners. In addition, “Ad costs for social are going up. Brands should keep a close eye on their metrics and adjust spend based on where their users will be spending their time.”
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