Today’s media industry is evolving faster than ever, and at Nielsen, we’re working hard to ensure our clients have the tools they need to measure their content and advertising in this quickly changing environment. And innovation is a key part of our strategy.
With that in mind, Nielsen CEO Mitch Barns took the stage at this year’s Advertising Week – New York to make the case that we should think about innovation as being bigger than just the development of new products that drive growth. We need to consider additional types of innovations and understand that efficiency is an equally worthwhile outcome. Megan Clarken, our President of Watch, then followed him on stage to lead a rousing discussion from a panel of experts across the industry on the impact of recent innovations in video measurement and advertising.
“Most innovations have two main outcomes, growth and efficiency,” Mitch explained. “Growth is probably the more well-known (and sought) result…Meanwhile, efficiency innovations are generally less flashy, less sexy, less exciting, but I believe they are often every bit as big and as important as growth innovations.”
Mitch acknowledged that some may question whether Nielsen is even qualified to talk about innovation. But it’s an area we’ve been putting a lot more focus on over the last few years. And the Nielsen Total Audience framework is a recent example of our success. This measurement strategy is actually several different innovations that we’ve developed to work together to measure audiences for ads and content across all screens and platforms in a way that’s comparable.
In addition, we’re also investing in innovations that bring efficiency. VBrand began as a start-up in our innovation incubator in Israel, and we’ve recently acquired 100% of the business. Using artificial intelligence and machine learning, VBrand identifies the appearance of brands and logos in a highly automated and efficient manner. Nielsen Sport currently does a very similar task manually by employing an overseas team. Applying VBrand’s technology to our larger Nielsen Sports business will drive big gains in efficiency, speed and ultimately quality.
At the event, Mitch also officially announced that Nielsen has signed a definitive agreement to acquire Visual IQ-a move that will bring additional and valuable efficiencies. Visual IQ specializes in multi-touch attribution modeling of advertising effectiveness on digital platforms, and together we’re building a system that delivers cross-platform metrics for advertising ROI, refreshed on a daily basis.
"Effizienz ist nicht etwas, das wir suchen sollten, weil es ein Problem ist, sondern weil es eine Chance ist. Sie ist eine Chance für Innovation und Fortschritt", schloss Mitch.
Nach den Ausführungen von Mitch sprach Megan mit Joe Marchese, President Advertising Revenue, FOX, Rishad Tobaccowala, Chief Growth Officer, Publicis Groupe, und Rob Master, Vice President, Global Media, Categories and Partnerships, Unilever. Gemeinsam erörterten sie, wie durch neue Geräte geschaffene Erlebnisse Wege eröffnen können, um riesige neue Zielgruppen zu erreichen und ungeahnte Werbemöglichkeiten zu erschließen.
Calling back to Mitch’s presentation, the group noted that innovation needs to come from unexpected places to find growth and efficiency-and that may mean throwing away established business models.
Die drei konnten sich jedoch nicht auf die Kriterien einigen, an denen sich die Branche bei ihren Zahlungsmodellen messen lassen sollte. Sowohl Joe als auch Rishad merkten an, dass hochwertige Inhalte Geld kosten, und sie glauben, dass die Branche dafür zahlen muss, um die gewünschten Ergebnisse zu erzielen. Rishad sieht auch Chancen in Erlebnissen, die Inhalte, Werbung und Erzählungen miteinander verbinden.
Rob mahnte jedoch, dass wir immer noch in der heutigen Realität arbeiten müssen: "Solange die Branche nicht aufgeräumt ist, kann man über die Zukunft reden, so viel man will, aber man wird sie nicht erreichen, wenn man all diese Probleme mit dem digitalen Ökosystem hat."
For more information, you can watch a recording of the full session.
