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#BizTrends2019: Vertical video, Amazon muscle and integration in 2019
Johanna McDowell, CEO of the IAS.
With 93% of all online videos being consumed on smart phones, the era of vertical video is here. Instead of consumers having to change their smartphones settings or jiggle them to see the content better, some digital content agencies are now shooting video on a portrait or vertical platform. This means a better, fuller screen, with clearer titles and text. Some of the digital agency practitioners have already re-skilled their teams for this whole new way of shooting video footage.
Many media agencies are now doing creative and digital and vice versa; while creative agencies are bringing media in-house. Full integration is the order of the day, which I predict will lead to greater competition for the client’s rands.
Demise of the ‘big two’
The duopoly that is Google and Facebook is rapidly coming to an end with the advance of Amazon. Now the fastest growing digital medium in the world, advertisers are seeing Amazon as a good media choice as consumers are already predisposed to buying or attracted to other products while online... and they have their credit cards and digital payment options hot and handy.
Brands on purpose
While sales remain vital, brands are now expected to play a bigger role on the planet, and show consumers exactly how they are better ‘corporate citizens’ to seal the deal. Business ‘on purpose’ will see brands cleaning up, reducing waste and looking for alternatives to plastic and other environmental horrors. CMOs will continue to demand more and more purposeful innovation from their agencies, and marketers will need to convince cynics that brands are effecting real change.
Bonus systems for agencies seem to be in a decline. Our most current research for Agency Scope UK 2018 reveals that very few - if any - marketers still have bonus systems in place for their agencies. I believe that this may be because it is almost impossible for these bonuses to be efficiently constructed or proved by either party; and foresee that the same trend is happening in South Africa, based on the IAS study in 2017 and from anecdotal data.
Johanna McDowell, Scopen Partner and Director for UK and South Africa gives a few early insights and trends derived from interviews that are currently being conducted with CMOs of leading brands in the UK by Agency Scope...
10 Dec 2018