As 2018 is close to a finish, one really want to think about the year passed by. Regarding promoting, this has been an energizing year with a lot of intriguing new procedures and strategies. Here is a gander at the main three marketing trends in promoting that picked up footing this year and are probably going to quicken in 2019 and past.
Top Three Marketing Trends
Artificial Intelligence (AI)
There was a time when one could not possibly visualize how something as abstruse as AI could add value to marketing. We as marketers have come a long way since, with AI powering several marketing initiatives and increasing in scope. IDC’s top 10 worldwide CMO predictions for 2019 includes four predictions that are AI centric and advises CMOs to be ready for AI everywhere. Analyzing data for deriving insights, customer segmentation, and targeting, personalizing the customer experience across all touchpoints (web and email for example), programmatic media buys and content creation are some areas where AI played a crucial role in marketing this year.
Moving forward, we can hope to see AI continue to automate the more tactical, manual and repetitive tasks and really hone customer intelligence in order to bring us closer to reaching the right customer with the right message and at the right time.
Influencer marketing has picked up cadence over the past three to five years with the rise of social media, ease of content creation and an increase in Internet penetration. But what’s really driving influencer marketing is the need for authenticity. Consumers are jaded with the same old brand advertising. There is too much noise across all channels making it almost impossible for brands to stand out and get noticed. And here is where influencers come in, endorsing brands to their loyal followers based on usage and experience. That said, influencer marketing trend as it gathers steam also runs the risk of being awash with brand messaging and losing the credibility that has built its stature till date. What we can see moving forward is marketers increasing their spend on influencers, building a broader portfolio of influencers that also include micro and nano-influencers and investing in technology for managing their roster and content as well as for optimizing spends.
Smart Audio Marketing
The year 2018 saw a shipment of 99.8 million smart speakers comprising 15.5 percent of the smart home devices segment as per a recent IDC report. The category grew 43 percent in India in the second quarter of 2018. Needless to say, the wealth of data amassed by smart speakers (and by smart home devices in general), coupled with almost family-like status in any given household presents marketers with an unprecedented opportunity to talk to consumers, quite literally. While 2017 alerted us to the crazy possibilities enabled by smart speakers; 2018 saw marketers employing strategic, content-based applications that while having a strong brand correlation also provided value to consumers in the form of education and/or entertainment. That said, the use of smart speakers for marketing has been largely limited with Google Home and Amazon Echo being closed to paid ads.