
How Technology and New Media Are Shaping the Future of Advertising
In recent years, the advertising industry has experienced often painful changes and has found it difficult to keep up with the pace of technology. What used to be dominated by TV (video format) and print, is now increasingly chaotic, and different media are used to reach the target audience. Usage of data and personalization of data to create more specific ad content has forced many agencies to get into a survival mode. The future of ad agencies and advertising as a profession lies in the ability to swim in the direction of technology while remaining creative at the same time. Of course, this is no easy task, and there are multiple ways technology is shaping the future of advertising every moment. Let us take a brief look at the future of advertising shaped by technology, and the new media you might want to consider if you are an agency looking to advertise. Here are the top trends. Location data to influence advertising Currently, location data is mostly used for marketing purposes. However, in the near future, more advertisers will look at launching campaigns specifically based on location data. GDPR may work out in favour of advertisers because many people do give permission for their location data to be used. What was earlier a grey area will now be a clear pathway to target people in specific locations and send them ads. Mobile devices will spur location-based advertising further afield and will help predict trends as well. In fact, ad strategy will begin to rely on location data more than ever before. A paradigm shift from offline to online Digital advertising has actually caught up with TV advertising. The share of advertising budget by channel is exactly equal to each other at 41% for TV and digital ads. Print comes at a distant 10% in ad budgets. What this really tells us is, there is a paradigm shift taking place in the ad industry, where campaigns are now written by default for digital channels, and TV and print are going to become after-thoughts. What we will also witness is the convergence of digital and traditional advertising, which actually has taken place if you notice the figures. In the near future, the share of TV is likely to fall further, with a potential for print to increase. Richer graphics and return to creativity offline With online advertising getting busier and more serious, creative will find more freedom to experiment in print. Online advertising has already become mainstream and is subject to decision makers’ opinions and strategy, leading to less elbow room for creative professionals. On the flip side, print will see a gradual return to creativity, and more expensive ad campaigns may actually be run via print media, simply because those who still tend to stick to print medium tend to be better educated and more affluent. In other words, digital will encourage print to become more niche, and that is not something bad. Application-based advertising Digital advertising is fueled by mobile users, and it is no surprise that the future of advertising will depend on how agencies tap into this medium. App usage has increased dramatically even in the last few months when we consider emerging economies like Brazil and China. In the US and Europe, much of advertising growth has taken place in the realm of mobile applications, and this is something that cannot be ignored. In-app ads and users’ geo-location together can transform the way we understand advertising today. Ads are going to be personalized further Much of the changes taking place in the ad industry due to technology is because of data. Data is helping ad managers to access insight that was previously impossible, and that’s leading to a greater degree of personalization. Personalization of ads is also important because digital ads rarely enter the periphery of perception of web users. Many of them have begun to use ad-blockers and to make sure that an ad reaches the intended viewer, personalizing it is very important. Without personalizing, you stand the risk of being blocked or just being ignored. Focus on content Finally, another important trend is the quality of the content. As content developed for online usage is searchable, it is very different from creating ad content for print or TV media. Advertisers will need to focus on the quality of content and ensure that they are filled with rich media in order to attract the attention of consumers. In fact, ad content will tend to become more informative and realistic than persuasive. Persuasive and creative campaigns may find better use in print media offline. Here are some new media to consider Location-based mobile technology While mobile ads are nothing new, you might want to focus more on location-based mobile ads in the future. Consumer lifestyle is defined by mobile usage, and people move from one place to another, and they are always connected via their mobile phones. This makes location-based advertising very important and crucial to ad success. Focus on developing ad campaigns that take this into consideration. Use location data to create ad campaigns that are super specific and targeted. In fact, using predictive analytics may even help you predict when the intended target audience is going to be in a particular location. In-app advertisements The most important of all the new media are the applications themselves. Mobile applications present a challenging but very lucrative medium to advertise. In-app advertisements can very well race past TV ads and they come in a number of types. However, making in-app ads attractive to consumers while also being non-intrusive depends on the ad interface designer. Make sure that in-app ads focus on user interface and intuitiveness so that consumers do not feel intruded upon. App usage tends to be a private activity and the perceived intrusiveness of your ad can seriously affect your campaign. Social media advertisement Without a doubt, social media advertising will continue to remain the most important platform for advertisers. Ad agencies will need to