The digital marketing world is changing so quickly that it can be difficult to keep up. But if we focus on the macro-level forces that are shaping the industry, we are much better prepared for the technological and economic disruptions that come our way.
In this keynote speech, Clark Boyd starts with the broader forces at play, then sets three key digital marketing trends against this backdrop.
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American Marketing Assocation 2021 Marketing Week - Clark Boyd Keynote
1.
2. Hi! I’m Clark Boyd
- Subject Matter Expert at the Digital Marketing
Institute
- Chief Strategy Officer at Cadeera
- Course Leader at Cambridge University and
Columbia University business schools
- Former digital strategy lead for American Express,
adidas, and General Motors
- Sign up for my newsletter, if you like:
https://hitech.substack.com/
3. Today
● The State of the Industry
● Trend 1: The Great Aggregation
● Trend 2: The Responsible Marketer
● Trend 3: The Human/Machine Team
8. Google: “The more observable data, the better the model quality”
https://digitalmarketinginstitute.com/blog/preparing-for-the-cookie-free-future-in-digital-marketing
10. Google: “We sent more traffic to the open web than
ever before this year.”
Multimodal search (text + images + video) will
engage users within Google search results.
Everything, from initial inspiration to purchase, can
happen within the SERP.
Google will ask users for more detail to disambiguate
searches. It’s valuable data, but will retailers see it?
MUM’s the Word. And the Image, and the Video
13. Google: Search, With A Dash of TikTok, Instagram, and Amazon
https://hitech.substack.com/p/no-95-search-on
14. “Shoppertainment”:
Bad Name, Big Trend
TikTok and Instagram will
unveil new marketing
opportunities for the holiday
season.
Sales figures are impressive for
livestream shopping, but will
drop as the market reaches
saturation point.
Watch out for YouTube
Shopping and Amazon will
certainly get more involved
soon, too.
16. “Digital transformation is no
longer a question of ‘if’ or ‘when’,
but ‘how fast?’”
Professor David Rogers
Columbia University
17. Responsible for Results
80%
of CEOs are looking to
marketing to drive
revenue growth.
9%
of brands say they can
accurately forecast the
impact on ROI of a 10%
shift in marketing spend.
Source: McKinsey; Deloitte
Marketers are responsible for performance, but they do not work in isolation.
20. Moving Towards True, Impact-Based Attribution
A question for marketers to consider:
If Google, Facebook, and Amazon all use their own, proprietary attribution models, how will you
compare performance across these platforms?
21. ● 80% of consumers say they’d be more likely to purchase a product from an online store if its website had photos and
videos from real customers
● Product returns are a $700bn problem for the retail industry
Responsible for The Full Customer Journey
Source: Stackla study
22. Responsible for Ethical Data Use
Accenture: “Enterprises are recognizing that overly prescribed customization leaves the customer feeling out of control.”
Personalization must be transparent, thoughtful, and delivered on the customer’s terms.
24. Today’s Marketer is Responsible for…
● Delivering results (and reporting on them accurately)
● Understanding the customer
● Managing the end-to-end customer journey, from awareness to sale
● Reducing returns by increasing customer satisfaction
● Ethical data use
But do marketers have access to levers they need to affect these outcomes?
We are no longer optimizing at the fringes. Digital marketing must be a central
business function to achieve its full potential.