There’s at least one solution or outcome for even the most inscrutable problem out there. We are all involved with problem solving at every moment — across our work and our personal life. After years of problem solving with leaders and experts across business, and specific areas of lifestyle, I’ve found that having an open and a curious mindset, while developing a systematic process for cracking even the most unfathomable problem works the best — especially when conditions of uncertainties are at their peak.
Here are the five strategies and approaches that you may adopt to crack the code:
1. Be curious about every part of the…
The main goal of advertising is that it should resonate with its audience. When a brand communicates to us in a way that we “feel heard”, and consequently feel noticed, and involved, then we are more inclined to favour that brand — and that is the magic of innovative advertising.
You might have come across the phrase “Hearing is passive, and listening is active”. Listening requires understanding about how your audience is feeling, what they are thinking, what they want and why they want it, what their motivations are, and how their habits are evolving over a period of time. …
Here’s my take on media companies — Unless media companies step up and transform their view and abilities on product innovation, they will be eaten by tech and new players. Only those that fully embrace that product innovation in media is the intersection between creatives, user experience, software, data and analytics will thrive.
In this “tech-eats-everything-world”, it is important for media companies to rethink, and to start new ways of viewing Innovation from the perspective of their product.
Innovation in media is not just about the creatives and technology side by side — it is about the complete integration of creatives with user experience, software application, data and analytics, led by a new talent of media managers, who comprise of marketers, strategists, and even content producers. …
With heightened expectations about privacy, first party data has become one of the most valuable assets that brands have. It paints a simple and a clear picture of consumer behavior, sentiments, segments, and trends. It communicates crucial, timely messages. It measures consumer journeys with better and reliable accuracy.
Canny marketers and the savviest consultants link their relevant data sources, online or offline, to identify trends and consequently define their potential audience. However, evolving regulations and policies have impacted the way brands can effectively use their first-party data in a privacy-led, responsible way.
For instance, with Apple’s new privacy update, app developers are required to seek consent from iOS device users in order for third-parties to access users’ data. Consumers are becoming cognizant of how their data is being collected, and used to drive insights and relevance. 65% of APAC consumers believe most companies aren’t transparent about how they use their data, and 45% don’t believe that companies care about the security of their data according to Salesforce’s “State of the Connected Consumer Report”. …
As each week of our shared reality has unfolded, our new found Pandora’s box of emotions, thoughts and motivation that were once hidden within us (until around a month back before the madness of COVID-19 began) has opened up fresh thoughts on outlook towards a changed lifestyle —
It seems that Instagram finally agrees with my thinking that the ‘number of “Likes”’ is not an important metric for everyone to know, but enough for the account holder to know. …
Time given: 10 minutes
On his calendar, Jack has 5 meetings each day,
Of which 30%, he has nothing to say.
3 in 5 times, the meetings have no decision in sight,
What is the rate at which Jack must accept a meeting invite?
Alex posts an update on Linkedin,
and gets reactions at the rate of 8 per minute.
A typlical Linkedin influencer has 1126 reactions per post,
At what rate per minute, would Alex reach there almost?
A fake news goes viral in 2.6 hours,
Make that 1.4 times as fast if it’s about our favourite movie star. …
Digital drove us to our screens. The Intelligence team is now seeing a large pool of data consolidated in an interactive and a dynamic interface which influences decision-making. In this digital age, where everything (literally things) are connected to give us data, where people are connected with each other, and with the virtual world — a world of content where the boundaries of “truth” are getting blurrier as more people are driven to their screens to consume content, and consequently valuing what is consumed, every single perception and expectation are captured in the form of structured and unstructured data. …
The increasing work and research on Artificial Intelligence (AI) applications across industrial functions has resulted in automation and intelligent operations that augments human work, to better focus on managerial functions that involves judgement and creativity. This means the critical decisions that were being handled by humans are now being handled by algorithms in operations that stretches from asset intensive industries like chemicals, mining, and oil and gas, to creative intensive industries like media, and fashion.
From Facebook to Uber and Alibaba, platforms have digitally transformed businesses not only by creating and harnessing a large, scalable network of users and resources that can be accessed real time, but also by creating a new wave of markets and communities, allowing users to engage and transact. This leaves behind digital footprints that let platforms open up new markets with high growth opportunities by accessing valuable sources of consumer data to target consumers effectively.
In this digital era of connection between humans and machines, it is important to understand that, what a company can connect to matters more than what a company owns. …