Few industries have undergone change on such a scale and at such a pace in recent years as the media planning and buying industry.
Media and advertising are two sides of the same coin. Media is the conduit via which those lovingly crafted adverts are disseminated — in the hope of them gaining purchase in the mind of potential customers and influencing their future behaviours.
THEN ALONG CAME DIGITAL
Today, digital marketing and digital media offer unprecedented opportunities to target messaging to narrower sub-segments of the population with previously unthinkable levels of accuracy, transparency and reportability.
At the same time, the number of media channels has exploded. No longer do we live in the golden age of TV advertising, where an ad on one of the big three US TV networks could reach 70 percent of the viewing audience.
These days we have endless digital TV channels, social media, in-app advertising, paid media, paid search (PPC), online media and retargeted ads that stalk potential customers based on their previous behaviours.
The list continues to grow, creating a fragmented media landscape and a spike in the volume of advertising. In the 1970s we were exposed to 40 ads a day; today, it’s as many as 400.