September 11, 2024
In an era dominated by AI and technology, the advertising industry must not lose sight of its core — the human connection. While technological advancements provide powerful tools, it is human insights, creativity, and relationships that drive the sector forward and allow advertising to positively impact consumers. Here’s a look at how this is playing out across the industry.
Consolidation: Simplifying the Human Experience
Advertisers are increasingly frustrated with the fragmented landscape of media and technology, craving simplicity and efficiency by seeking partners who can bring multiple solutions together under one roof. The desire for consolidation is driven by the need to reduce complexity and improve outcomes.
In an inherently fragmented and complex ecosystem, with multiple channels, signals, and ways to measure success, marketers are challenged with making the connection between human and brand seem simple, fluid, and effortless. For that, they need technologies and workflows that make omnichannel advertising equally intuitive. Consolidation is more than just a buzzword—it’s a practical approach to streamlining operations and enhancing effectiveness by ensuring that each element functions harmoniously.
Orchestration: The Brain and Central Nervous System
Consolidation alone isn't enough. Advertisers also demand orchestration—an open and integrated technology ecosystem that works across platforms, providers, and publishers. An effective advertising strategy needs a brain and a central nervous system to function optimally.
The answer to complexity and fragmentation isn’t exclusively consolidation; it’s interoperability and connectivity. Technology may provide the tools, but orchestrating these tools into a complete body of integrated actions is key. Professionals with deep knowledge and experience navigate the complexities of different platforms but need to ensure all parts work together seamlessly. The human brain, representing the advertising strategy, remains at the core of successful orchestration but must have a connected central nervous system to function.
AI + Why? The Human Perspective on Artificial Intelligence
Artificial Intelligence is a hot topic, but the emphasis must be on the "Why?" rather than just the "What?". AI needs a clear purpose and tangible use cases to justify its existence. For AI engines to operate effectively, they require high-quality and abundant "business fuel" and engines with a clear purpose to exist.
Defining the purpose and scope of AI applications is crucial. Identifying problems that AI can solve and ensuring that these solutions are scalable and impactful is essential. Furthermore, providing the necessary data — curating, cleaning, and contextualizing it — ensures effective fuel for AI. The collaboration between human expertise and AI capabilities transforms potential into performance. Demand must catch up with technological promise, ensuring AI is used meaningfully and effectively.
Humans: The Heartbeat of the Industry
Amidst all the technological advancements, there remains a fundamental truth: human expertise, real-world connections, and trust are the true drivers of the industry. While technology provides powerful tools, it's the human element that infuses these tools with purpose and direction.
Expertise, honed through years of experience, allows professionals to make informed decisions and craft strategies that resonate with consumers. Real-world connections, built on trust and mutual respect, facilitate collaboration and innovation. In an industry where relationships often determine success, the ability to build and maintain these connections is invaluable.
Trust, a uniquely human trait, remains the cornerstone of all interactions. Whether it's trust in a brand, a partner, or a technology, it is this intangible yet vital element that propels the industry forward. This is even more paramount amidst the discussions of AI and ethical, responsible use.
Despite the rapid pace of technological change, humans remain at the heart of the advertising industry. Consolidation, orchestration, and AI are powerful trends, but their success hinges on human expertise, creativity, and trust. As we move forward, it is this human element that will continue to drive innovation and shape the future of our industry.
Grant Parker is President at Flashtalking by Mediaocean, the award-winning creative ad tech platform. He has over 15 years of experience in the marketing and software industry, leading and coaching teams to successfully achieve growth through a repeatable process that helps clients transform their businesses and exceed their goals. Prior to Flashtalking by Mediaocean, he was CRO at 4C Insights and held a number of sales roles across media vendors Ziff Davis and Netshelter. He began his career at Omnicom Media Group.
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