Future is always complex. Predicting future is fraught with danger. Chances of getting future wrong are bright. However future is always built on contexts that are current. Future is always shaped by the challenges faced in present.
There is a lot happening in our world at this time. Technology is progressing at a pace that is hard to keep track of. Just for example in last three years the mobile penetration has doubled, homes with digital TV subscription have gone up exponentially; the FM stations have moved from metros to class one and class two towns. The changes are not just tech driven. The demographic changes are re-crafting the entire society. The rapid urbanization is throwing up challenges not faced before. There are no indicators suggesting that the speed of change will slow down or the transformation is eased off.
Here are three challenges that we are likely to face in coming years. First is the challenge of nomadic audiences. Second the challenge of contexts. Last is the challenge of measurement.
Challenge of Nomadic Audiences
Media planning and buying is dependent on a set of audience being available to receive the message. The process of enumeration assumes that the audience is stationary, and once counted is always available. In today’s technology empowered scenario, the audience is not stationary. Rapid adoption of net enabled personal devices like tablets is making media portable. This has serious implications. It means that mass media will get empowered by personal media. It means that that notion of fixed audience will have to shelved. It means that media buyers will have to find a way of synthesizing the broadcast media with new age portable media. Nomadic audiences and personal portable media are forces that have will permanently change the media landscape
Challenge of contexts
Let’s take this rise of portable personal media and the possible stagnation of traditional mass media forward. Till now the media planning was built on increasing salience, so that it impacted interest in brand so that it lead to positive action on retail point. This is straight forward and linear in approach. This has delivered great results for brands. Today, the entire context of brand consumption is changing. Salience matters and salience impacts the interest in a brand, but from here on two new forces comes into play. The personal portable media is the transformational force. It makes Search and Share more important than mere Action of the traditional AIDA theory. Today everything is searchable, and people share everything. We know that this peer to peer network has an amazing power to influence brand choices. This change in context is already a reality and will only grow in future.
Challenge of measurement
The concept of fixed audience is ingrained in the existing media measurement systems. With the nomadic audience and the rise of personal portable medium will require a new type of measurement system to be created. Media agencies have tended to merge TV with online TV, press with Digital media and events with outdoors. Tomorrow they will have to find a system of one composite measurement that merges the traditional with new. The search and share impact on brands health will have a far greater bearing than mere rise or drop in reach and salience
Future is complex, and it is often not possible to predict it with certainty, but the present has a way of showing the impending challenges. We need to be prepared
Published in 4Ps of Business and Marketing, November 4th, 2011 Issue