Study: Digital Differentiation Is Disappearing While Investment In New Tech Booms

Study: Digital Differentiation Is Disappearing While Investment In New Tech Booms
SHARE
THIS



Marketers across the globe are at a key inflection point according to the 2017/18 Global Digital Outlook Study from the Society of Digital Agencies (SoDA) and Forrester.

The study revealed that more than 75 per cent of agency leaders and in-house brand champions agree the term ‘digital’ is losing its relevance and will disappear within five years as a meaningful way to differentiate agencies and the marketing tactics related to technology.

Designed to explore digital marketing trends, the global survey of 216 client-side marketers and agency leaders also uncovered a widening gap in how agencies and clients view innovation.

It found that while agencies see innovation in terms of design thinking (solving existing problems in unique and novel ways), in-house marketers most value being first (doing something that’s never been done before or embracing new technology before our competitors do).

Matt Griffin, founder of Deepend and guest editor of the study and The SoDA Report, said that while the term digital may be on the out, consultancies anchored at the forefront of technological change will continue to evolve as they always have – creating and designing customer centred solutions, tapped from deep insights on human behaviour.

“Whether the medium is a CD-ROM, the worldwide web, virtual or mixed reality, AI or any other technical advancement that will undoubtedly come our way, the human-computer interface will continue to change, as too will the processes and structures of the companies that create them,” he said.

“There’s never been a more exciting time nor a better opportunity to design the connected world.”

Kath Blackham, managing director of Deepend and representative to the SoDA board of directors, said the outlook for the digital marketing industry is strong.

“Emerging technology is heading in an exciting direction and it’s a massive focus for us,” she said.

“At Deepend, we’ve already been working with chatbots and conversational interfaces for a while, and our scope of work will continue to grow here.

“These technologies are already changing the way consumers expect to interact and engage, so our dedicated creative technologist is partnering with both our clients and internal teams to take advantage of the rapidly shifting landscape.”

Here are some of the other key findings from the study:

  • Spending – 43 per cent of marketers are increasing their investment in digital marketing and, and nearly 50 per cent of marketers are now spending half or more of their entire marketing budget on digital.
  • Emerging technology – over 40 per cent of marketers plan to significantly increase their investments in programmatic advertising, AI/machine learning, chatbots/ conversational interfaces and AR/VR in the next 12 to 18 months. Here, 69 per cent of agency leaders also agree that the growing prevalence of AI technologies and conversational interfaces will significantly impact the way their agencies will design for customer interactions.
  • Optimism – agency leaders are bullish and 86 per cent project that 2017 will outpace 2016 in terms of profitable growth. That said, concerns around the commoditisation of digital work and the impact of nearshoring/offshoring both reached five year highs. Around 58 per cent of agency leaders also identified the increased in-sourcing of digital capabilities by client-side marketers as an area to watch.
  • In-sourcing – client-side marketing leaders continue to build their in-house digital capabilities, with nearly 60 per cent saying they now manage social marketing execution, customer insights/analytics, and aspects of web and mobile experiences entirely in-house.
  • Innovation – 89 per cent of client-side marketers rate their organisation as either somewhat or very innovative when it comes to digital marketing initiatives (up 24 points from 2016). Furthermore, 73 per cent believe their current organisational structure fosters the ability to innovate, while agency leaders hold a nearly polar opposite, with 48 per cent saying their clients’ organisations hinder their ability to innovate.
  • Inflection – The theme for this year’s study and report signals a period of accelerated change and the increasing importance for marketers and agency leaders to decipher nuanced signals amid a decidedly complex market conversation.

 

Latest News

The Age Of The Ephemeral: Why Experiential Marketing Is Compulsory This Year
  • Marketing
  • Opinion

The Age Of The Ephemeral: Why Experiential Marketing Is Compulsory This Year

In this guest post, Keep Left’s head of consumer engagement, Johanna Murray (pictured below), explains the merits of experiential marketing, as well as sharing some tips on how to do it – and do it well. Humans love to label things – especially intangible things, like time. We like eras and ages and eons because they […]

Opinion

by B&T Magazine

B&T Magazine
Top Social Media Marketing Trends For 2018
  • Advertising
  • Marketing
  • Technology

Top Social Media Marketing Trends For 2018

Social media marketer Socialbakers has unveiled its latest Social Media Marketing Trends report that will do little to allay fears ad dollars are continuing to flood to the likes of Facebook and Instragram. Commenting on the report, Socialbakers’ CEO, Yuval Ben-Itzhak, said: “While Facebook has made a lot of changes in the first quarter of […]

by B&T Magazine

B&T Magazine
Greenpeace UK’s ‘Ocean Of The Future’ Highlights A Disturbing Reality
  • Campaigns

Greenpeace UK’s ‘Ocean Of The Future’ Highlights A Disturbing Reality

Advertising and marketing agency Ogilvy & Mather created a global campaign for Greenpeace UK pro-bono, which underlines what our oceans will look like if plastic production continues at its current rate. The film follows a group of schoolchildren on an excursion, each excited to see a multitude of aquatic species like penguins, otters and catfish. […]

by B&T Magazine

B&T Magazine
PokerStars Unveils New Spot Starring The Perfect Poker Face
  • Campaigns

PokerStars Unveils New Spot Starring The Perfect Poker Face

Parisian agency Romance has created a new 50-second video for PokerStars that reaches out to poker newbies by stating “you’re already a great poker player”. The campaign aims to encourage new users to sign up online and the actor’s convincing straight face highlights multiple everyday scenarios where we all mask our true feelings. Romain Roux, […]

by B&T Magazine

B&T Magazine
Subaru Goes to The Dogs In Witty New Campaign
  • Advertising
  • Campaigns

Subaru Goes to The Dogs In Witty New Campaign

Subaru’s family of dogs the Barkleys, are the stars of the ‘Dog tested. Dog approved’ video campaign comprised of four thirty-second videos formed by US creative agency Carmichael Lynch. The first video follows the family of a labrador and golden retrievers as they visit the doggy-run car wash. The following videos showcase teen Barkley attempting […]

by B&T Magazine

B&T Magazine
How To Give And Take Feedback At Work
  • Opinion

How To Give And Take Feedback At Work

Georgia Murch (pictured below) is an expert in creating feedback cultures and author of Feedback Flow; The Ultimate Illustrated Guide to Embed Change in 90 Days. In this guest post, Murch offers her tips on giving (and receiving) feedback from colleagues without botching it up… We all know that feedback matters.  Most of us want the good, the bad and the […]

Opinion

by B&T Magazine

B&T Magazine
Three Things To Know Before Starting Your Very Own Agency
  • Opinion

Three Things To Know Before Starting Your Very Own Agency

Who hasn’t thought of chucking in their job to start their very own agency? Well, in this guest column, author of the Unlikely Entrepreneur, Alan Manly (pictured below), gives his top tips for anyone contemplating doing just that… Just talking about starting a business can be exciting. Those interesting characters constantly on the lookout for a business opportunity […]

Opinion

by B&T Magazine

B&T Magazine
Dentsu X Expands Operations To Sydney
  • Advertising
  • Media

Dentsu X Expands Operations To Sydney

Have you completely forgotten what Sydney looks like? Well, thankfully this story comes with a handy pictorial reminder.

SBS Radio Introduces Three 24-Hour Digital Radio Stations On Digital TV
  • Media

SBS Radio Introduces Three 24-Hour Digital Radio Stations On Digital TV

SBS Radio has announced two new digital radio stations – SBS PopAsia, SBS PopDesi and a refresh of SBS Radio 3 – is now available on digital TV. SBS Radio 3 will broadcast world news and current affairs from the BBC World Service (previously airing on SBS Radio 4 on digital radio) and special events […]

Champion Launches Music Platform Championing Emerging Aussie Artists Via Emotive
  • Campaigns
  • Marketing

Champion Launches Music Platform Championing Emerging Aussie Artists Via Emotive

For its first Australian campaign, Champion has partnered with creative and content agency Emotive to launch a music program titled ‘Revealed’. The program champions emerging Australian artists by intimately telling their story through video, and providing funding and creative support to create world class music videos for new release music. The first Revealed artist is […]

Delacon Launches Call Analytics In India
  • Marketing

Delacon Launches Call Analytics In India

Australian-owned call analytics provider Delacon has continued its international expansion, opening an innovation centre in India to service local and global partners, and develop the next generation of call tracking and analytics solutions. The office in Chennai is the eighth for the Sydney-headquartered business, which enables brands and agencies to optimise marketing campaigns by accurately […]

Protein To Handle Retail Roll-Out Of Recycling Initiative Return-It
  • Marketing

Protein To Handle Retail Roll-Out Of Recycling Initiative Return-It

Sydney brand and digital agency Protein has been appointed to handle the retail and digital roll-out of recycling company Return-It, which has just been announced as the container collection network for the ACT. Return-It awarded the work to the 17-year strong agency, following Protein’s tender support and brand development of the retail concept. The public-facing […]

Why We Need To Talk More About Failure
  • Opinion

Why We Need To Talk More About Failure

This is an excellent article about celebrating failure. Although, admittedly, we failed to get to the very end of it.

Opinion

by B&T Magazine

B&T Magazine
Women In Media Profile: Kimmie Neidhardt
  • Media

Women In Media Profile: Kimmie Neidhardt

Kimmie Neidhardt doesn't just have a very cool name, as you'll read here. There's a good head on those shoulders, too.

by B&T Magazine

B&T Magazine
SCA Promotes Nathan Soulsby To Head Of TV Sales For Sydney
  • Advertising
  • Media

SCA Promotes Nathan Soulsby To Head Of TV Sales For Sydney

Southern Cross Austereo (SCA) has announced the promotion of Nathan Soulsby to head of TV sales for Sydney. The announcement comes after Kristen Budd’s move to general manager of SCA’s Central Coast office. Caretaking the role during Budd’s maternity leave, Soulsby has been a key contributor to the consistent share and revenue growth that has […]

Columbus, A Merkle Company Announces Client Wins & Senior Appointments
  • Marketing

Columbus, A Merkle Company Announces Client Wins & Senior Appointments

Following the launch of Merkle in the Australian market in March, Columbus, a Merkle Company has secured nine new clients in three months, including Macquarie University, Event Hospitality & Entertainment Limited and Hipages. Columbus has also appointed two group business directors in the Victorian market, with Leonie Dawkins (pictured above, left) and Guy McGechan (pictured […]

Black woman in handcuffs
  • Media

Adland Industry Leaders To Be Locked Up In Prison To Help Aussie Youth

Over sixty senior leaders from the media, marketing, tech and creative industry will spend the night in jail as part of UnLtd’s Adland Bail Out, to raise funds for Whitelion. The ‘inmates’ will be handing over their mobile phones and putting on their prison overalls to brave a night in the chilling cells of Yasmar […]

JCDecaux Partners With Seedooh To Verify OOH Campaigns
  • Advertising
  • Media

JCDecaux Partners With Seedooh To Verify OOH Campaigns

Global out-of-home (OOH) advertising giant JCDecaux has announced a partnership with independent tech platform Seedooh to offer advertisers greater transparency for campaigns. Under the agreement, Seedooh’s reporting and verification platform will be integrated into JCDecaux’s system to create an independent campaign delivery reporting function that works seamlessly within the end-to-end campaign delivery processes. It will […]

Innovation: The Foundation Of Marketing & Sales Collaboration
  • Marketing
  • Opinion

Innovation: The Foundation Of Marketing & Sales Collaboration

In this opinion piece, Seismic’s managing director for Australia and New Zealand, Andy Pattinson (pictured below), explains how marketers can work smarter and why collaboration is vital in delivering return on investment. Demand for marketing roles is growing, as marketers continue to learn more about what customers want. The marketing agenda is increasingly being tied in […]

Opinion

by B&T Magazine

B&T Magazine
Roll’d Enlists Impress!ve Digital Ahead Of Franchise & Catering Push
  • Marketing

Roll’d Enlists Impress!ve Digital Ahead Of Franchise & Catering Push

Aussie food franchise Roll’d has announced it has signed on Melbourne digital marketing agency Impress!ve Digital to support its digital marketing. The partnership has already begun, with Impress!ve Digital aiming to significantly boost the company’s revenue through digital marketing strategies that are directly linked to return on investment and franchise acquisition. Impress!ve Digital has been […]

Yippee! More Photos from the 30 Under 30 Awards!
  • Advertising
  • Marketing
  • Media
  • Technology

Yippee! More Photos from the 30 Under 30 Awards!

If you think B&T simply runs these photo gallery stories so you can gawk at young, attractive people, you'd be right.

by B&T Magazine

B&T Magazine
NZ Digital Outdoor Specialist LUMO Appoints WeThinkMedia As Exclusive Aussie Advertising Rep
  • Advertising
  • Media

NZ Digital Outdoor Specialist LUMO Appoints WeThinkMedia As Exclusive Aussie Advertising Rep

New Zealand specialist digital outdoor media business LUMO has announced it has selected WeThinkMedia as its exclusive Australian advertising representative. LUMO offers digital billboard technologies in premier locations across New Zealand. Its large-format LED displays and smart features include branded WiFi, beacons, integrated content management systems, web browsing advertising, and real-time traffic analysis. By November, […]

BWM Dentsu Group Launches Groundbreaking Voice Cloning Program ‘Project Revoice’
  • Campaigns
  • Technology

BWM Dentsu Group Launches Groundbreaking Voice Cloning Program ‘Project Revoice’

Creative agency BWM Dentsu and its PR arm, Haystac, have unveiled a new voice cloning initiative with the ALS Association in the US and MND Australia. ‘Project Revoice’ introduces a breakthrough in speech technology for people living with ALS (motor neuron disease), enabling those who lose the ability to talk to continue speaking in their […]

Woman legs and shopping bags holding in hands.
  • Marketing
  • Opinion

Why Retail Is A Work Of Complete Friction

Do you often use the term 'frictionless shopping'? Well, give yourself a quick squirt of WD-40 and get reading here.

Opinion

by B&T Magazine

B&T Magazine
Lifeline Australia Chooses Indy Agency Robyn&Leon To Develop Comms & Brand Strategy
  • Marketing

Lifeline Australia Chooses Indy Agency Robyn&Leon To Develop Comms & Brand Strategy

Following a competitive pitch, independent Melbourne agency Robyn&Leon has been selected to develop a new communications and brand strategy for Lifeline Australia. Robyn & Leon’s remit will include working on Lifeline’s emerging SMS-based crisis support and suicide prevention service. Lifeline Australia CEO Bob Gilkes said the national charity, which was established in 1963, would benefit […]

WPP Chief Sir Martin Sorrell Steps Down
  • Advertising

WPP Chief Sir Martin Sorrell Steps Down

The CEO of the world’s largest ad agency network, Sir Martin Sorrell, has stepped down from his post, effective immediately. Sorrell’s resignation from WPP comes after the company announced an investigation into “alleged personal misconduct” against him. “The previously announced investigation into an allegation of misconduct against Sir Martin has concluded,” a statement by WPP […]

by B&T Magazine

B&T Magazine
Sky News Unveils New Sunday Night Line-Up
  • Media

Sky News Unveils New Sunday Night Line-Up

Sky News has announced the debut of a new Sunday night line-up that will see the launch of a national affairs program and the return of Paul Murray LIVE. Leading political commentator and associate editor of The Australian, Chris Kenny, is back on Sky News as anchor of Kenny on Sunday, a new two-hour program […]