Out of Home advertising can lead the media industry as digital transformation moves from the digitization of analog media – “digital as a screen I can go to” – to the reinvention of traditional media – “digital coming to where I already am.”
This process of digitizing reality can already be seen in the importance of objects and things, even bricks and mortar in the case of Amazon Go and will lead to the reinvention of TV and radio as well as Out of Home as all media become programmatic.
Out of Home will lead the charge as it moves from scale, reach and mass awareness to meaningful reach with the most relevant message targeted at individuals.
Instead of pouring consumers into the top of the “purchase funnel” it will expedite flow around the entire purchase ecosystem with its ability to track consumers.
And it will move from providing cultural resonance to delivering true value to society through its role in enabling “smart cities.”
These are some of the key themes outlined by Carat Global President Will Swayne, delivering the keynote address to the 55th annual FEPE International Congress in Stockholm this week. FEPE International is the only global organisation representing Out of Home media owners, agencies, technology companies and other suppliers.
Swayne went on to say that to achieve this transformation the OOH industry needed to focus on three elements:
Planning – we need to embrace data so we become much smarter, using the range of data streams available, to tell us who our consumers are, what they’re doing, when and how we can reach them.
Buying – we need to embrace automation. We need to play, test and learn with the new developments in digital imagery and prove how OOH can be used reactively, to respond to things we see in real-time.
Execution – we need to leverage the opportunities that are opening up to tap into any data feed and use data in new ways. Capture the person on the way to work through their mobile signal walking past a poster, then retarget them on their lunch break, when they have time to purchase, for example.
Swayne concluded: “I am very optimistic about the future of OOH. If we work together, we can lead the reinvention of not only the OOH sector, but the media entire media industry.
For further information: richard@fepe.com
About FEPE International
FEPE International (established in 1959) is the only global Out of Home Association, working to promote and improve the OOH industry on behalf of our members. Board members include the major International companies – JCDecaux, Clear Channel and Exterion, as well as Ströer, Pikasso, and more recently OUTFRONT Media from the US, oOh!Media from Australia and Selvel One from India.
Membership is open to all companies who operate in the OOH sector and as a non-profit Federation funds are reinvested in industry issues such as research and the annual international congress. FEPE are members of EASA and ESOMAR in Europe as well as a founding member of ICAS and also actively works to help the membership with legislation issues within their own countries as well. It also aims to lobby for Out of Home advertising with authorities, international organizations, opinion formers and other elements of the communication media. More information is available at www.fepe.com
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