Social Media

The Evolution of Digital Content in 2016 & Opportunities in 2017

digital content 2017

I recently stumbled upon an article by Bala Srinivasa and Darshit Vora called ‘The Future Of Digital Content And Media Disruption In India’. Inspired by it, here is my take on how content is changing under the influence of digital transformation.

I vividly remember when a friend of mine asked me if I had a smartphone. This was back at the beginning of undergrad years when I used to think – just how smart can a smartphone be from my usual phone? Millennials, do you remember the time you used phones just to make and receive phone calls? I do. Cut to today, there are 220 million smartphone users in the country.

Video consumption – what’s the hype?

As of 2015, there were more than 110 million video viewers in India and this was primarily possible due to the introduction of inexpensive smartphones and faster Internet (Future of Digital Content Consumption in India, EY report). 2016 saw tremendous increase in individual consumption of digital content spreading across several formats. For instance, at my first semester in Melbourne, I discovered ‘#LoveBytes’, easy to consume because of its length (around 10 minutes/episode) and availability (YouTube). The series essentially deals with the issues an Indian couple faces while in a live-in relationship. Modern-day concepts, choices and struggles have become the subject of these web series. On further research, I found that #LoveBytes was in fact India’s first-ever show exclusively for the digital platform. In the past 2-3 years, similar advancements have been made to create short-form content for news (like the inshorts app), gaming (Rummy) and education (classteacher).

With aggressive marketing, there is undeniable competition and it’s getting harder for companies to maintain their brand recall. This is especially prominent in a world where people are exposed to several hundreds of brands each day. As Richard Edelman, CEO at one of the best public relations firms in the world, mentions in his blog ‘The Way Ahead: 2017’, ‘native advertising will have to change to survive’ by creating unforgettable video and graphic experiences for audiences.

Digital content is meant to be short, quick to consume and omnipresent. With the increasing number of smartphone users, social media platforms are introducing features that enable users to share more digitally. In the words of Bala Srinivasa and Darshit Vora, “Content – especially video is a key focus area for social platforms.” Facebook with its live video option, Twitter and Instagram with short ad videos, and of course Snapchat, with its perishable short video-sharing feature. More platforms that give users the space to share live video streaming are joining the current scenario like Periscope and the most recent introduction of 360-degree live videos on Twitter. Even traditional Indian media is experimenting with the online medium and successfully building audiences. Earlier this month, a study revealed that Times of India had the most viewed videos on Facebook, with over 112 million views in just a month.

Digital content and brand building

This is my personal favourite. Over the past couple of years, experts in their respective fields have been using digital platforms to publish their own video content. I’m talking about the likes of Vani Kola (MD, Kalaari Capital) and Shradha Sharma (Founder, YourStory) who take on professional spaces like LinkedIn to express their views through blogs, and now even videos.

Producing organic video content and publishing it on a relevant platform is helping these influencers build themselves into a brand.

There are possible opportunities in this space this year where I find that increasing number of C-suite level executives, CEOs, founders are recognising the significance of personal branding. 2017 will see a rise in the number of people sharing perspective, predicting future industry shifts and more. In addition, 2017 is going to be the year of three-way conversations, where thought leaders will share their expertise with their audiences, who, in turn, will create and share their own organic content–becoming an integral part of the conversation. This nature of conversation promotes a healthier, more transparent dialogue among corporations, brands, and their most important stakeholders – consumers.

Looking at Internet penetration as a whole, a recent Assocham – Deloitte study revealed that Internet connectivity has yet to reach Tier II and III cities and touch the lives of a staggering 950 million Indians. When this does happen, the country will witness a revolutionary wave of growth. In September, Reliance Jio launched services, including unlimited voice calls, SMS and high-speed data in 2,00,000 villages across India, further strengthening digitisation in India. Further on, the demonetisation has acted as a catalyst in helping people make the shift to digital payments.

While digital content consumption is on the rise like never before, opportunities for 2017 remain exciting and prominent. With several advancements in the digital space, it’s an inspiring time for us digital enthusiasts.

 

Previously published on YourStory.

 

Social Media

Digital Dilemmas of the New Consumer Generation

digital dilemmas

Welcome to the world of Generation Z. Don’t get confused, this generation are the children of Generation X (population usually between mid-1960s and early 1980s, some may refer them as the Friends generation) but who also may have Millennials parents aka Generation Y.

Self-proclaimed ‘digital natives’, Gen Z is the first generation to be born into the internet technology and the world of smartphones. The new consumer generation is made up of pre-teens and teens who seem to take in information just as instantaneously as they lose interest in them. Famously referred to as ‘millennials on steroids’ by worldwide director at J. Walter Thompson, Lucie Greene, this generation is shaping up to be a mysterious puzzle that market researchers want to discover more about ASAP.

Trend forecasters are studying heaps of data on this new consumer generation, their hesitation and choices that make up their digital lives. The following pointers dab into areas of their dilemmas and the digital direction they’re headed to.

Why share my life with everyone I know?

Being a millennial myself, I remember when Facebook came into our lives. I was still in school and hesitantly signed up to this odd website that was prompting me to send friend invites to my friends IRL. We excitedly jumped right into the deep side of the pool of networking platforms and admittedly so, may have even overshared our personal lives online. Gen Z is not only wise enough to pick on this, they are cautious and take their privacy seriously. No, they’re not abandoning social media, they’ve just decided to lead distinct digital lives. This means they’re not interested in using Facebook and Twitter, they’re more interested in applications like Instagram and SnapChat where they can share media with a close group of friends and maintain a rather strong personal brand.

Why read when I can watch?

Gen Z is not interested in reading an article, as a matter of fact, they may even skip listicles. Living amidst screens their whole lives, it’s no secret that this generation has a small attention span and feeds off video content. To add to this, they even prefer expressing themselves visually, for instance via emojis, snapchatting pictures and short-lived videos.

Gen Z > Gen Y?

Teens today have more opportunities than us millennials. There are websites and mobile apps that are helping them monetize their skills and find them freelance work. There is a surge in the production of fresh content (podcasts, videos, articles) by Gen Z and promoting it online. A prominent example is how a wave of teen beauty bloggers on YouTube have turned their content into businesses and are being approached by big brands for endorsement. Some even say Gen Z is the most entrepreneurial generation yet.

Innovation is closely integrated with our lives today. Technology used to take upto a decade to upgrade and Gen X, Y and Z have to adapt to new technologies every 1-2 years. This significant change is reflected in human attitudes and is a contributing factor making generations shorter. Regardless, we will always need to find a way to push through digital dilemmas and make sure we come out wiser.

Originally published on ShethePeople.Tv

Social Media

Hey hashtag, may the force be with you

trending twitter

There has been a lot of buzz earlier this year about how Twitter is probably going to die soon. Several things about Twitter make us almost want to believe that the time has come for this social media giant, but has it really?

At The White House Correspondents’ Dinner just a couple of days ago, US President Obama mentioned Kendall Jenner, the Kardashian sister with over 17 million Twitter followers, admitting “I’m not sure what she does but I’m told my Twitter mentions are about to go through the roof.” When the most powerful man on the planet cares about his Twitter status, it’s reason enough to think twice before shunning your own Twitter presence.

Twitter isn’t just a battleground for political parties and public figures, people like me, or millennials, mostly start using Twitter to keep a track on what their favourite brand, celebrity or influencer are saying – all in real-time.

Initially, I personally treated Twitter as a public diary of sorts, where I shared all articles (even videos) I read up on-line. This way my followers could see what I was interested in and have the option of initiating a conversation with me too. Over the years, I’ve realized that Twitter can be your morning newspaper, your copy of Cosmopolitan and so much more beyond that.

What does Twitter have that others don’t?

Apart from real-time updates, Twitter is more about organic reach than any of the social media giants out there (thanks for the next-to-zero-organic-impressions, Facebook). It is also one of the few platforms that gives the audience direct access to decision-makers and even intrude conversations taking place between strangers.

In fact, people can utilize this platform to connect with people who have similar interests and goals. For instance, early April I participated in a #PRGuru Twitter chat on gender balance in Public Relations. This was a great opportunity to engage with people in the industry I look up to and better yet, share my views with them – directly. Connecting with role models and people who are making a name for themselves in the same industry as yours, gives you the chance to network and make new links – quicker and smoother than ever before.

This brings me to the main question of this article – Are brands wasting their time on Twitter advertisements or is it worth it?

On Twitter, brands have the chance to:

  1. Create a one-on-one connection with the customer
  2. Understand the audience demographics and online personality
  3. Build a long-term relationship with its audience by welcoming feedback at any given point of time, personalized customer-care services, engagement through media campaigns and interest generation via social media contests, new product launches and more

Is trending everything?

Every brand, big or small, wants to be seen. One approach is to trend on Twitter. But how useful is a trending hashtag? There are several digital marketing companies that generate engagement through conversation between a group of people or ‘influencers’ on Twitter. They use the required hashtag in their tweets to increase hashtag visibility.

No doubt, there are some ridiculous hashtags out there. In fact, I encourage you to share some of the most absurd ones you’ve come across in the comment section below for entertainment purposes, of course. Having said that, trending does serve a purpose, if done right. There have been several noteworthy viral hashtags like Housing.com’s #LookUp campaign, Prime Minister Modi’s #SelfieWithDaughter campaign, and the much-celebrated #ShareTheLoad campaign by Ariel – which was even shared on her social media by Facebook COO, Sheryl Sandberg.

While trending might be the big prize in the end, it is important for brands to focus on the quality of content which prove to be the essence of media campaigns. As a brand, be sure to understand the audience contributing in creating your trending hashtag and the nature of the trending conversation.

Speaking of which, are you on Twitter? Show some love.

Image courtesy – Pexels

Social Media|Startups

Digital Transformation in India: Better late than never?

Digital Transformation india

1.3 Billion vs. 1.4 Billion

In 2012, I was studying Mandarin in a part of Beijing known as a student’s hub – Haidian district is home to over 15 significant universities including Baidu headquarters. When you’re living in China, it’s hard to miss how the fashion sense of the locals grows on foreigners. The Chinese like to express their individuality through their appearance. And what better reason to shop when the clothes are cheap and there is too much variety?

I vividly remember thinking to myself about their obsessive shopping from Alibaba-owned TaoBao – a shopping haven similar to Amazon and eBay. Even on a freezing snowy morning on my way to class, I would pass minivans dropping off ‘packages’ right outside the university, creating obvious heaps of brown cartons.

In China, online purchases generated approximately $121 billion in sales in early 2011 and about 80% of all transactions were done on TaoBao. Were people in India ready to rely on online platforms to shop? Was a China like digital transformation possible in India? Even though there were companies that established similar platforms in India as early as 2012, I can hardly recount a friend or relative shopping online. But there’s always a first time for everything, right? Cut to today, everything from my shoes, clothes, electronics, even my next doctor’s appointment is booked online. But are we really there yet?

Here’s a fact that’ll tell you exactly how far we are – Out of 20 top Internet companies in the world 5 are Chinese, one each Japanese and English while the rest are American. Even though India ranks third globally in terms of the number of startups, why can’t we find ourselves in this list? Two major factors contribute to this – digital access and digital capability.

Even though there’s not much of a difference when comparing the number of people in the 2 countries, at the end of 2014 India had approximately one-third of the total number of internet users in China. The government has finally expressed the desire to promote the Indian startup ecosystem and we have a long way to go before the Internet reaches Tier II and Tier III cities. Clearly, digital transformation is still in-the-process of arriving in our country.

Coming to the digital capability gap, a staggering 25% of the Indian population cannot read and write compared to China’s 5%. Taking this into account, it’s safe to say that making Internet accessible for all Indians is more a need than want.

Digital transformation: Ready or not, here I come

Digital transformation is the development and implementation of strategies that help captivate and engage digital customers.

Here’s a simple way to describe why digital comes first today:

Say I move to a new city and plan my housewarming party, I hire a party planner. After the party, I look for a plumber. To find all these, I go online and search for the nearest service expert available and I come across Urbanclap, a platform that allows a person to find the best service professionals.

Here’s another example, I want to consult a doctor, but I want to be sure of his capabilities and expertise so that I know I’m going to the right one. What’s my first step? I Google search him. I will probably come across hospitals where he works, his LinkedIn profile or better yet his own website.

The previous generation was alien to the whole idea of going online to find the right people. While they relied on services they found via word-of-mouth, things have taken a digital bend today. We don’t need to talk anymore. All we need to do is ‘search’ online. And we open a world of patient reviews, years of experience, work locations, accomplishments and so on.

Pure convenience on your fingertips.

According to reports and statistics gathered over the years, digital transformation not only helps improve customer engagement but the sort of one-on-one experience that digital channels offer lead to a high percentage of customer satisfaction. Big companies, like Myntra and Paytm or startups like Innerchef and Fassos make sure they respond almost immediately to customer concerns with packaging, delivery or even service quality. Direct customer relations with the company not only help resolve issues fast but provide instant organic feedback from hundreds, thousands or even millions of customers.

Did you know that most companies do not have preconceived blueprint and execution protocol for content strategy?

To engage customers, companies require fresh content on traditional and social channels. And to achieve the utmost level of customer satisfaction, the focal point doesn’t just fall on customer experience but additional rich sources of expertise from company culture bred employees and leaders, who create quality content that acts as a catalyst in building the company voice and brand.

Since this transformation is still in-process, we face an obvious roadblock when it comes to old-school company campaign strategies. To engage a customer, companies now need to allocate budget keeping in mind digital marketing besides offline marketing. The creation of an event is not just about location, sponsors and footprint but also about social media presence, Google Ads and online content. Turns out Paid Social is an integral part of digital transformation as it helps reach target audiences and build brands by retaining ads on social media giants.

Overcoming these limitations and evolving with new-age digital strategies will help companies build a brand, create engagement among their customers and deliver smoothly. Much like Huawei who recently announced innovative solutions for 4.5G, Internet of Things (IoT), 2K/4K video and Safe City. Question is – in a country where less than 2 companies out of 5 have taken their business online, how far is the digital transformation dream?

Originally published on BWdisrupt Businessworld.