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DEMO Fall 2014 Conference Wraps Day Two of Launching New Startups — and Crowned DEMO Gods

 DEMO Fall 2014 Conference Wraps Day Two of Launching New Startups — and Crowned DEMO Gods

Technology Innovators and Venture Capitalists Like Matt Rogers, Keith Rabois, Steve Papa Share Knowledge at Tech Launchpad Event

SAN JOSE, CA–(Marketwired – Nov 20, 2014) – DEMO Fall 2014 (www.DEMO.com) today welcomed the launch of another 20 technology products and services focused on solving real-life problems. The conference showcased a hand-selected group of entrepreneurs demonstrating new technologies in the areas of Bitcoin and personal finance, cloud, messaging and the Internet of Things, and setting the pace for future technology. Executives, founders, engineers and investors all gathered at the San Jose Convention Center in San Jose to crown the DEMO Gods.

DEMO God Award™ Winners
The Fall DEMO God Awards are presented to the DEMO Fall companies that exhibit exceptional potential to thrive in the market while inspiring and stimulating the DEMO audience. Congratulations to the following companies that were honored with Fall DEMO God Awards during DEMO Fall 2014:

The Work Cloud: Student Loans (www.goslb.com)
Wearables & Hardware: Curb (www.energycurb.com)
Mobile: PathSense (www.pathsense.com)
Smart Data: Celect (www.celect.net) and Ghostery (www.ghostery.com)
Traction Showcase Winner: Templafy (www.templafy.com)

“We traveled the world, meeting with promising startups to look for solutions that harness emerging technology to tackle big problems,” said DEMO executive producer Erick Schonfeld. “The core concept of creativity is looking at problems in new ways, and that is what we celebrated onstage at DEMO Fall.”

Speaker highlights of day two included key executives as well as “founder judges” who provided critiques and feedback to each demonstrating company:

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China Interview: Insight for Western Marketers

IDG Connect 0811 China Interview: Insight for Western Marketers

As the Alibaba IPO has reminded international businesses afresh of the vast potential in China, we catch up with Tait Lawton, who hails from Canada but has been working in People’s Republic for over a decade. He founded the Nanjing Marketing Group  to help Western companies get into the marketplace and now provides some useful insights for marketers worldwide.

Following the highly publicized Alibaba IPO have you noticed an increase in Western clients looking to target China?

We’ve noticed a steady increase overall, but not a large jump around the Alibaba IPO necessarily. Tough to say.

Has the attitude of Western clients looking to target China changed in the time you have been based there?

I’ve been helping Western clients with Chinese marketing for five years. I’d say they have the same basic concerns, but are more willing to accept our advice when it comes to tailoring their campaign more to the Chinese market.

We prefer to plan the China marketing campaign anew from the ground up as opposed to using more of a one-size-fits-all globalization strategy, and more people are willing to accept this now. Tough to say if it’s because of a change in the overall mind set of Western marketers or it’s just because we have more people that have been reading our articles on our blog and other websites.

How does the way Chinese consumers use technology differ from the way technology is used in your native Canada?

They haven’t gone through the same process of adoption. Since China developed so quickly, lots of people in China have just skipped whole stages of technology that Canadians, Americans and other Westerners are used to. For example, some years ago I was surprised to see that my girlfriend’s family never used a VCR and instead just went straight to using DVDs. Now, of course, people may be skipping VCRs, DVDs and even streaming on laptops and just go straight to streaming on mobile devices.

What’s most relevant for our digital marketing efforts is that there are plenty of internet users that started using the internet on mobile devices. Mobile marketing is essential. Sometimes people ask me “do you do mobile marketing?”, and I’m like “well, ya. 100% of the marketing we do is relevant to mobile. All of our SEM, SEO and social media services are relevant to mobile.”

People in China also use QR codes a lot. You’ll see QR codes for Weibo and WeChat campaigns on subway ads, restaurant menus, everywhere.

What do you think Western businesses most misunderstand about China?

For one, they may underestimate the competition and the amount they should invest to be successful. China is very competitive and for most market entry cases we see, there are Chinese competitors that are entrenched and willing to invest much much more than the foreign company planning to enter China. Chinese companies are very confident in their business opportunities and willing to invest in branding.

And Chinese advertising is not cheap, nor is marketing talent. Great Chinese marketers can make as much money as great marketers in USA or other places.

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How to Develop Digital Content – 4 Analyst Insights

IDG Connect 0811 300x141 How to Develop Digital Content – 4 Analyst Insights

With digital content so widely consumed online it’s important to create relevant and interesting content for your audience. These four insights from our Principle Analyst, Bob Johnson, will help you build a content strategy that works for your brand.

1. Do You Have a Digital Content Strategy?

Today many are clamoring for a content strategy. The trouble most organizations do not understand that it is a lot harder to implement than it is to conceptualize. Read more >

2. Do You Follow these Five Senses?

What does your content tell you about the people who consume different assets? Is each asset a good listener, does it have a sense of taste, can it smell a buyer from non-buyer, does it see where the buyer’s interest lies and can it feel the readiness of a buyer to engage with sales? Read more >

3. Do Misuse Your Content?

You spend so much time, money and effort on creating digital content but too much of that effort goes wasted as we see multiple issues. See you if stand out from the crowd by thinking about your content against these common mistakes. Read more >

4. Do You Organize Your Content Effectively?

As you focus on how to organize your digital assets on your website, you face a multitude of options. But when you ask buyers how they prefer to see content organized, they speak very clearly that they have a primary preference. Read more >

Instagram begins serving ads in the UK

The seven UK advertisers are trialling Instagram’s new “Sponsored” paid-for ad unit to increase the reach of their content on the platform, which now has more than 200 million monthly active users.

The Facebook-owned photo app first began trialling the format in the US in November.

The units are charged on a cost-per-mille basis and brands can currently choose to target audiences by age, gender and geography. A threshold has not yet been set for the number of ads a user is likely to see on any given day, but this is likely to remain minimal as Instagram continues to roll out advertising “deliberately slowly”.

Waitrose was interested in being among the first brands to trial the format because it believes Instagram can help the retailer build on its already-existing “Love Food” brand platform in a highly engaged social environment, Rupert Ellwood, Waitrose head of marketing communications, told Marketing Week.

Read on…

Tune Audiences Into Your Marketing Video Initiative

IDG Connect 0811 Tune Audiences Into Your Marketing Video Initiative

With video consumption on the rise, audiences today expect to able to receive information that is easy to digest and also engaging. It is predicted that by 2016, 1.6 billion people will be watching video online, and the growth of video traffic on the web will rise from 57% to 69% by 2017. As a result, a million minutes of video content will cross the network every second in 2017.

Given the eminence and influence video content will have over the next few years it could become one of the marketing department’s most powerful tools. Videos can be shared as compelling content that can help attract new customers, encourage existing ones to upgrade to a new product or spread product information quickly and efficiently.

Short videos can even be used as an alternative to lengthy text descriptions, telephone calls and face-to-face demonstrations to help a customer chose the right product for them. James McQuivey from Forrester Research believes that one minute of video can be equivalent to 1.8 million words. Video can provide easily accessible, on-demand information that is also engaging to a wider customer base.

Creating video content that is audience-tailored and accessible across multiple devices can keep digital marketing initiatives on the road to success. One quick and easy method of content creation is screencasting. Screencasting software records everything on your screen from applications and mouse clicks to your audio commentary. Screencasting technology is efficient since little investment is required for equipment and unlike working with video cameras or other videography equipment, very little training is needed.

To make successful screencasts, there are a few factors any marketer should consider:

Know Your Audience

With any video marketing initiative, understanding what makes your audience tick should be a priority. One video might be the right hook for a particular viewer, however could completely miss the mark for someone else.

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4 ways magazines are making video work

Digiday

Magazine publishers have plowed money and resources into video. The reason is obvious: Video advertising is a booming market, with plump ad prices that dwarf the CPMs display ads fetch.

But the devil is in the details or, more precisely, in the execution. There are internal challenges to organizing to create video — just ask Condé Nast – in addition to problems around generating a viewership of sufficient scale and putting together attractive ad packages.

“Legacy publishers seem to have internal difficulties shifting to a multi-format content model that is committed to each distribution platform from dot-com to social to apps,” said Paul Kontonis, executive director of the Global Online Video Association. “Shared services is a way to get a publisher to dip their toe in video without overhauling the existing hierarchies, politics and comforting bureaucracies.”

Traditional publishers have made great headway to reinvent their content strategy and distribution model, but they are still building diversified video inventory at scale, said Robin Steinberg, evp, publishing and digital director of investment and activation, MediaVest.

“They are contending with publishers outside their traditional competitive set with stronger targeting capabilities and pricing structures,” she said. “Due to their traditional print legacy position in the marketplace, they have to push harder for a prime seat at the digital video marketplace table.”

Find out the four ways publishers are trying to ensure success…

Media Advertising Sees Largest Growth in Over a Decade

IDG Connect 0811 300x141  Media Advertising Sees Largest Growth in Over a Decade

Media Advertising

Media advertising spending will see its largest growth in over a decade, according to Neustar’s Media Intelligence Report for Q2 2014. Companies are focusing more and more on the data that they can collect, and they are trying to use that data for their marketing. However, half of marketers reported that they’re still having trouble linking the data to actionable insights.  Some of the other areas of interest in the study were social, video, and mobile. Social is the only channel that performed above the indexed average for reach efficiency, and video and mobile are becoming a more normal buy. The three areas that Neustar advises marketers to work on for the upcoming year are mobile, video, and attribution.

Inbound Marketing

Ascend2’s Inbound Marketing Research Summary Report takes a look at what’s next for inbound marketing. Currently, 90% of companies are integrating social, search, and content for inbound marketing purposes, and most of them are doing it successfully. For the next year, the most important objectives for inbound are to increase conversion rates and improve lead quality. One of the challenges of inbound is the lack of an effective strategy, which will begin to change as more companies adopt inbound as a top marketing priority.

 

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Digital Marketing Strategy: The Importance of Language

IDG Connect 0811 300x141 Digital Marketing Strategy: The Importance of Language

There’s no doubt that we’re living in an increasingly multilingual society. It actually takes 20 languages to communicate with 80% of the world’s online population. However, according to a report from Common Sense Advisory (CSA), content in English has dominated the web “while companies have catered to Anglophone markets and the enormous spending they generate”. Despite this, English isn’t in fact the only prime language of ecommerce.

When it comes to business, people like being marketed to in their native language and, more often than not, that’s not English. We’ve commissioned a year-long study into the behaviour of the millennial generation (aged 18-36) looking at how their behaviour is forcing businesses to adapt their digital marketing approaches. A key focus for us within this has been the impact language has on marketing techniques. We surveyed 1,800 millennials and found that 32% of the millennial generation in English-speaking markets actually prefer a language other than English. What’s more, 46% are more likely to make a purchase if information is presented in their preferred language. These findings are supported by the CSA’s report which highlighted that 75% of online shoppers are more likely to buy products from websites in their language and 74% are more likely to purchase from the same brand again, if the after-sales care is in their mother tongue.

More so than any generation previously, it’s the millennials who are causing the biggest headache for marketers. They’re far more demanding than their predecessors and expect content to be delivered to them across their preferred device, channel and more importantly, in their preferred language. Figures like those above demonstrate just how language needs to be an integral part of any global digital marketing and customer experience strategy. If you don’t have this factored in then you risk alienating a significant proportion of your target audience, reducing the likelihood of driving brand advocacy and sales.

But how can marketers easily deliver high-quality multilingual content to their customers? It often seems particularly difficult to accomplish this in such a fast-moving, multinational market where millennials interact online and through social media. Digital marketers need to implement solutions that will enable them to translate potentially high volumes of high quality content into multiple languages, and deliver this at speed.

A great example of a business committed to offering its customers this service is B2B travel providerGTA, part of the Kuoni Group. GTA is growing fast, with already thousands of customers in 185 countries worldwide and processes over 21,000 bookings per day in more than 25 languages online. The company has recognised the importance of localising its content – tens of thousands of hotel and ground travel descriptions – to its global customer base, particularly as it continues to grow exponentially. It aims to deliver a seamless and personalised customer experience by addressing cultural differences.

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The 5 mistakes marketers make that prevent them from becoming leaders

MarketingWeek

The job of turning that aspiration into a reality is fraught with obstacles – some self-imposed and others dictated upon marketers by their organisations. Business leaders speaking at The Marketing Academy’s inaugural “Inspire” event in London this week outlined the five challenges and how they can be overcome in order for marketers to get to the top of their careers.

Mistake #1: marketers are underselling marketing

Marketers are “best placed” to become future CEOs, but they need to reframe how they and the skills they have are seen within the business, according to founding partner of creative agency 101 Phil Rumbol, who also draws on his experience as marketing director at Cadbury and alcohol giant InBev.

He said: “Part of the problem is too often people equate marketing to advertising and promotions, but I think marketing is about a whole lot more than that. It’s about doing things that make a brand or service relevant, but the whole image of marketing is skewed to the fluffy, spin, marketing men getting people to buy things they don’t really want. Marketers need to go back to basics and use [and talk about] advertising once the core and basics are as strong as they can possibly be.

That warped image of what a marketer does (or should be doing) in their role, is affecting their ability to influence the finance director.

As Rory Sutherland, executive creative director and vice chairman of OgilvyOne, acerbically framed it: “There’s a  danger marketers are suffering from kind of Stockholm Syndrome, it’s a bit like being [Josef] Fritzl’s [- found guilty of imprisoning his daughter for 24 years, alongside four of the children he had fathered with her -] children to the finance director. It’s been going on for so long [marketers] have started to take on some of the attributes of their oppressors”.

The result has seen marketers trying to speak the “deranged” language of economists – a lexicon that implies human behaviour is predictable – in justifying their actions, which means many finance directors still see marketing as a cost centre: a source of inefficiency rather than competitive advantage, Sutherland said. In order to obtain the budgets required for marketing innovation, marketers would do well to learn behavioural economic theory and apply it to marketing, using the “scientific terminology finance directors have come to expect”, giving them the opportunity to fight back with case studies of marketing effectiveness.

Mistake #2: marketers aren’t curious enough about other areas of the business

Former Procter & Gamble marketer and now CMO of holiday rental site Housetrip Zaid Al-Qassab said a good marketer is “insatiably” curious about people, but for many marketers that stops at their customers rather than looking internally too.

“An awful lot of people have a major blind spot where they’re not insatiably curious about all the other people in the business around them. I speak to a lot of marketing directors who do not know what they key performance measures are for their finance director and other departments…it’s hard to make it on to the board if you’re not curious about what they are trying to achieve,” he added.

Richard Robinson, managing partner at marketing consultancy firm Oystercatchers, shared Coke’s mantra: “the only brand you will ever manage is yourself”.

“That stuck with me, knowing who the hell you are, what your personal brand was and managing your career across all those different brands: it’s all about you and how you can enable all the other people around you to succeed. To do that you have to be hungry, hoover up as much information as you can to be interesting and have a point of view,” he added.

Mike Hughes, director general of ISBA, advised marketers to be particularly curious about the procurement department – not least because they report into the chief financial officer.

He added: “Procurement has to be embraced, cuddled or part of the team, one thing a marketing director should not do is be excluded in the conversation about the agency…because procurement can completely undermine what you get from an agency as if their margins are slashed wafer thin, you won’t get the best people.”

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Context is King: Points to Consider When Implementing a Contextual Marketing Strategy

IDG Connect 0811 300x141 Context is King: Points to Consider When Implementing a Contextual Marketing Strategy

For the past few years, marketers have focused on pushing incredible amounts of content to their consumers and prospects to fit the mold of content marketing, having been told that is the future of their industry. This isn’t entirely false. Marketers need content to communicate with their consumers. However, many don’t know the context in which the consumer is engaging with that content, making it impossible to deliver the most relevant information to the right person at the right time. Today, consumers expect an optimal experience when interacting with any brand. They are accustomed to on-demand, personalized information and want marketers to understand their preferences before they buy. Because of these heightened expectations, marketers have to recognize who they are talking to and accept that context, not content, is now king. What should marketers today consider when developing a contextual marketing strategy? Here’s a start:

Continuous profile development

In order to effectively communicate with a consumer and determine the context in which they are consuming content, marketers should be continuously building a profile of each individual that touches their brand. Points to consider are consumer value score, age, location, gender, etc. Once a profile of an individual begins to develop, the process of communication becomes easier and more natural. Consider this: you meet a friend of a friend at a cocktail party and have a 30-minute conversation. The next week, you run into that same person at the supermarket. You wouldn’t start the relationship over by re-introducing yourself. You have the history of the previous conversation, and you would pick up from where you left off. The same holds true when a consumer engages with a brand – the context from previous engagements is key to making the current conversation relevant and more likely to result in a positive outcome.

The mobile conundrum – a blessing and a curse

The definition of “location” has shifted as consumers now have the opportunity to interact with a brand from anywhere in the world without stepping into a physical store. This anywhere, anytime access makes it challenging to recognize each consumer as they move across multiple channels and locations during the path to purchase. As individuals increasingly adopt tablets, social media, mobile phones and other technology, the marketing approach must shift to provide an optimal experience based on that specific consumer’s location, meaning in-store or out, inbound or outbound.

Mobility has given marketers the chance to keep track of every consumer inside and outside store walls. This has the potential to be a great opportunity, but can make it challenging for a brand to identify where a consumer is located and serve them appropriate content. With the rise of geo-fencing and iBeacon technologies, as well as advanced consumer engagement systems, brands are learning to embrace mobility and use it to their advantage. Targeting a consumer with a relevant piece of content—be it an in-app offer, automated email or tailored website material—when  they are in the location most appropriate can result in a powerful touch point.

Bridging the online-offline communication gap

Marketers think contextual marketing is easy, largely because many people are talking about its value in the online world. In reality, most companies are struggling to turn that vision into practice because context is only fully valuable when all touch points – online and off – can be linked and a complete profile of a user’s engagement with a brand can be built continuously. Many retailers, for example, are missing the full power of context because they are often unable to connect consumers’ in-store experience to those they have online—such as understanding which products they may have purchased in store in the past, or how many times they have stepped in and out of a location. The key is for the marketer to be aware of every touch point regardless of where and how it happens, which cutting-edge technology can help to track. As more and more consumers begin to blend their online and offline engagements with a brand and technologies continue to evolve, it will be important for marketers to facilitate an omnichannel experience, understanding a consumer’s full profile and targeting them in the context that makes the most sense. For instance, if a consumer was researching a sports car on an auto maker’s website or app, they should be directed immediately to that model (or others like it) when they visit the showroom (and vice versa), acknowledging their past preferences and therefore strengthening the bond between brand and consumer.

Potential pitfalls

Marketers do have the ability to buy consumer profiles and derive context from third-party media channels. This route doesn’t have the same, immediate timeline idea and it doesn’t translate into an effective contextual marketing strategy. Furthermore, the information is not always related specifically to a consumer’s interaction with the specific brand and rarely is it detailed at the individual level. Taken out of context and with a lag in time, a brand misses a lot of the consumer’s story, and marketers can only take context into account if they know all of it—not just bits and pieces—and can act quickly to leverage it.

If a company doesn’t have inside intelligence on its own consumer, they’re coming in last in today’s data-driven, personalized world.

Brands need to recognize that context is critical to starting a conversation with their consumers and maintaining that dialogue throughout the customer journey. Brand loyalty and repeat purchases are results of a series of positive engagement—each linking to the one before. By aligning content with context, marketers can make educated decisions on how to proceed with communication by helping and guiding consumers along the buying journey. As a result, consumers get what they really want in a way that makes sense to them and ultimately drives them to purchase while simultaneously improving their experience across channels.

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