Connect with us

Broadcasting

Eskimi Founder, Vytautas Paukstys, Highlights Global Digital Trends to Watch in 2022, Beyond

Published

on

Kindly share this post

Today, we can attest to the rise in connected consumers who are demanding almost immediate engagement with brands to satisfy their quests. Companies are now investing in ecommerce, moving into social mostly via mobile.

Considering all that is going on with digital technology and the impacts, it is mind-blowing. So, evolving consumer behaviour is an opportunity for businesses and practitioners in the IMC industry to rethink strategy.

Then, the question: How can the practitioners leverage all these tools to optimize their operations?

This inspired Vytautas (Vytas) Paukstys, Founder/CEO, Eskimi’s presentation at the Marketing Edge IMC Quarterly Virtual Summit under the theme: ‘Maximizing Marketing Efficiency in the Age of Changing Consumer Behaviour’.

For over 15 years, Vytautas has been a noteworthy leader in the digital advertising and technology space.

As the Founder and CEO of Eskimi DSP, one of the leading global programmatic advertising platforms, he understands the trends in the market across the globe.

Before leading this venture, he founded Eskimi Social, one of the pioneering mobile-first communities in Africa and Asia with more than 25M+ users, with the biggest markets in Nigeria, Ghana, Indonesia and Vietnam.

He further led the growth of Eskimi DSP, bootstrapping it to become a globally competitive programmatic ad platform with more than 1.5B+ profiled users worldwide. Vytas is also the CEO of ActiveXT, a technology outsourcing company in Singapore that helps extend engineering teams of solid European IT companies and start-ups by hiring talents in its Asia offices.

His contribution to technology and business growth is un-vacillating especially in emerging markets, leveraging digital tools through programmatic advertising.

Giving insights on how to navigate the challenges, Vytautas, said that traditional creative is being used for digital channels; global apps and content are winning over local; creative is going digital for better engagement in a rapidly changing market, and originally, traditional brands are becoming digital-first

He said tt in some cases Africa is leading the revolution, specifically in mobile payments. Some of the digital trends are felt more in the West and European, Asia Pacific and some African countries.

“Nigeria, to be precise, Statista data shows there are about 85.49 million users online who spend up to 4 hours daily. With 169.2 million mobile phone connections, it represents 83% of Nigeria’s 203.6 population as at 2021”.

“Statistics also show that 27 million Nigerians are active social media users which represent 13% of the population. The country’s internet penetration was pegged at 51.44% in 2021 and projected to reach 59.92% by 2026”, he listed during the Summit.

Interestingly, the internet is one of the highest accessed media in Nigeria as the country recorded 30% growth in digital content consumption during the peak of COVID-19 Pandemic.

Then, the worry, with over 50% of Nigerians estimated to be online, how much of the marketing budget is online.

The Eskimi Founder said it is surprising that some brands are still digital laggards, yet to appreciate the fact consumers are moving to the digital space.

“Globally,” he said, “marketing trends show that digital spends have already surpassed the traditional. Global apps account for 70% of all online consumption hence global platforms are dominating time spend and ad inventory.

“Global and Channel changes in 2020-2021 indicates that e-Sports, online video, social media and e-commerce recorded growths while linear TV, broadcast radio, print, out-door advertising and cinemas are on decline on year-on-year activity and advertising spend.

He added that globally, consumers spend 8 hours on digital media per day compared to 5.5r time spent on traditional advertisement as 50% of global media spends are digital already.

He also urged the participants to pay close attention to the gaming industry as the audiences are growing at a rapid pace.

Sharing the impact of mobile gaming, he said that 50% of mobile usage outside of work is devoted to gaming; 33% of the audience plays games multiple times per day and 23 others are playing new games on their smartphones.

Thus, creative is going digital. “Digital-first rich media creative results in 456% better engagement with the consumers”.

Vytautas made reference to Nigeria where rich media ads are topnotch for visibility, engagement and better results. This also delivers the highest CTR.

Another trend that will define the marketing space in 2022 is that advertisers now use hybrid models including in-house media buying. In other words, Advertisers are moving media buying in-house as a 2021 trend indicated in IAB Europe 2021 study.

Vytautas said that IMC practitioners should understand the trends now as most marketers have begun to take more control of their media and digital technology relationships are changing and client needs continue to provide large scale agency realignment.

Amongst others, one of the major motivators of in-housing is that the move helps brands to cut agency creativity and business under one roof.

While digital leads, he said, the legacy channels can transform their platforms too as ‘all screens are going digital’.

He urged the practitioners to develop capacity on content because global content is winning the local.

The Eskimi CEO said the local platforms drive 10-15% of online consumption while global apps account for 70% of all online consumption by dominating time spent and ad inventory.

He recommended that industry players should focus on the right KPIs to drive market growth trajectory. “KPIs should correspond to your goal”, he advised.

Eskimi is a programmatic and data platform with more than 1.5B+ profiled users worldwide. The platform creates unique audience segments for specific industries like telecoms, FMCGs, mobile phone brands, banking and others.

The company builds geolocation and footfall platforms for retail brands. It also provides a combination of platform and managed creative services to achieve up to 15% engagement rates.


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Broadcasting

SLTV Breaks Pay TV Monopoly, Offers Affordable Alternatives to Nigerians

Published

on

Kindly share this post

Metrodigital Limited, parent company of Silver Lake Television (SLTV), has affirmed its commitment to fostering competition and providing affordable alternatives for consumers.

SLTV Breaks Pay TV Monopoly, Offers Affordable Alternatives to Nigerians

This is in a bid to the monopoly of the dominant operator in Nigeria’s pay television market.

Dr Ifeanyi Nwafor, managing director of Metrodigital Limited, made the commitment when he was honored with ‘Salute to Courage Award’(SACA) at the SLTV post launch reception organised by Camroll Quest Limited in collaboration with friends and associates of the SLTV boss during the weekend in Abuja.

The award was for his resilience and patriotic stance in ensuring that Nigerians enjoy good but affordable pay TV service.

During the post-SLTV launch reception and awards ceremony, Nwafor emphasised the importance of ending the monopoly to drive down prices and improve service quality.

He highlighted the positive reception from Nigerians, who now have access to alternative platforms offering comparable channels at more affordable rates.

“I’m expecting that other companies would also come in and when there’s serious competition, you better work on services provided to your customers. Nigerians are very happy that the monopoly has been broken, you can get to other platforms and get some channels you get in DStv and GOtv at a cheaper rate.

“SLTV is a platform for innovation. We want Nigeria to be a leader in this industry, and not only in Nigeria but across the globe. Just like Nigerian music making waves all over the world, we are very sure that this industry has higher potential. We need many companies to spring up and be able to succeed not only in Nigeria but also in other countries,” he said.

Nwafor expressed SLTV’s ambition to drive innovation and position Nigeria as a global leader in the industry. Drawing parallels with the success of Nigerian music on the international stage.

He underscored the untapped potential of the television industry and called for the emergence of more indigenous companies to thrive not only in Nigeria but also in other countries.

Addressing concerns about subscription price hikes, Nwafor reassured subscribers of Metrodigital Limited’s commitment to affordability, stating that they are mindful of Nigeria’s economic challenges and have no plans for price increases in the foreseeable future.

Nickky Onyeri, chief operating officer of Camrol Guest Limited, commended Metrodigital Limited for its contributions to Nigeria’s economic growth and credited the supportive environment provided by the government, particularly acknowledging the efforts of Bola Tinubu in renewing hope for the nation.

“This is coming within one year of his government, if he is not providing that environment, I’m sure this could not have been possible.

Onyeri said, “We must commend Tinubu for all the support to all Nigerians who are committed to renewing the hope of Nigeria.”

Abubakar Jijiwa, chairman of the occasion, urged SLTV to prioritise quality control and remain competitive in the global market. He emphasised the importance of continuous innovation to stay ahead of competitors and maintain consumer satisfaction.


Kindly share this post
Continue Reading

Broadcasting

NAN, SLTV to Partner on Local TV Content Promotion

Published

on

Kindly share this post

Malam Ali Muhammad Ali, managing director of the News Agency of Nigeria (NAN) has assured that the agency will work to promote SLTV, indigenous satellite television, in the country.

NAN, SLTV to Partner on Local TV Content Promotion

Ali gave the assurance when Dr John Nwafor, managing director, Metro Digital Limited, the operator of SLTV paid him a working visit on Friday in Abuja.

The managing director said that promoting indigenous brands would ensure an inclusive development of the country and encourage consumers to buy-in to local products.

“We identify with your goal, which is why we will always tell stories that promote indigenous initiatives.

“NAN is very reliable and trusted brand, and will always be on the side of the underdog, we will always be on the side of the truth.

“Rest assured that this is home and the agency is open to any kind of partnership,’’ he assured.

He further said that the agency was also working on rebranding its local and international offices across the globe, to tell Nigerians and Africans stories inclusively.

According to him, presently we are working on repositioning the agency to compete more favourably with other global brands and work smart.

“We are already positioning to face the impending challenge of Artificial Intelligence and we are looking at having a good automated news content.’’

Earlier, Nwafor, commended the efforts of the Federal Government for encouraging indigenous satellite television companies as SLTV in the network industry.

He explained the process began from former President Muhammadu Buhari’s administration, with the modification of the National Broadcasting Corporation’s (NBC) Codes and Act to accommodate local players.

“The government tried to open up the industry and encourage local players to be part of the satellite television ecosystem, and the government effected some changes in the NBC code and Act.

“The Copyright Act was also modified to encourage Nigerians to participate in the industry, because we believe that when the industry is opened up, the consumers will win.

“Then, former Minister of Information and Culture, Lai Mohammed invited us to look at the framework and see how we can participate.

“It was in that process we applied for licence for our Direct-to-Home transmission paid television, which is SLTV,’’ he said.

He further said the action was followed with a mandatory court order to ensure that the reviewed NBC code was adhered to and implemented.

Nwafor said that the intervention by the government was to end exclusivity of content by few giant satellite television companies.

The SLTV boss appreciated the management of NAN for telling the story of the emergence of SLTV, adding that indigenous satellite television networks would thrive with the support of Nigerians.

Highlight of the visit was the presentation of three SLTV decoders and dishes to the management of NAN.

 

 

 


Kindly share this post
Continue Reading

Broadcasting

AI and ‘phygital’ experiences re-set to reshape the customer journey in 2024

Published

on

Kindly share this post

By Andrew Egan, Africa Regional Sales Director at Infobip

With brands recognising the power of conversations, AI-driven solutions, and phygital experiences, consumers can anticipate more personalised, seamless, and satisfying engagements with businesses this year. As technological innovations continue to shape the business landscape, 2024 is poised to be a transformative year for customer experience. However, businesses must keep an eye on the emerging trends shaping the landscape as they realign their strategies to prioritise customer satisfaction.

Balancing customer experience trends against business process optimisation

Increasingly, the emphasis on Customer Experience (CX) is prompting organisations to adopt creative ways to use customers to start, and sometimes complete, the processing journey against an item of work. As businesses look to grow customer acquisition or reduce processing costs, it is becoming evident that Generative AI and Interactive AI are critical tools for improving cost-of-service ratios or Life Time Value: Customer Acquisition Costs (LTV: CAC) ratios for improved x-selling and upselling outcomes. In line with this, identifying work types for automation is key to quantifying how much effort organisations can remove from their support centres and what Capex or Opex costs can be optimised. Additionally, businesses must understand their customers’ behaviour and their choice of when, how, and if to engage with a brand.

CX is not merely about providing a channel to customers or a five-star rating at the end of a call. It is about ensuring that customers return to the brand, measuring and appreciating customer behaviour across your digital ecosystem, and knowing when to support them or when to sell to them. In many environments, improving business processes with tools such as Generative AI or Interactive AI results in a downstream impact of improved CX. Hence, organisations should look at the business challenge to be solved before attempting to resolve the issue of CX in isolation.

End-to-end conversational journeys with businesses and brands

As consumers seek an enhanced customer experience, they will increasingly demand two-way conversational interactions with a business or brand through the same channels and chat apps they use with their families or friends. They will also desire a seamless experience rather than switching between devices and channels.

Until now, brands have been reimagining this journey through a conversational lens, where much of the user journey is directed through a single chat app or digital channel like WhatsApp. The focus now shifts from merely adopting these channels to perfecting the end-to-end conversational experience.

Thus, we can expect to see the emergence of truly end-to-end platforms, where customers can click through an advert on Instagram, educate themselves about a product, click to purchase, pay, receive delivery notifications, and complete a satisfaction survey within a single conversational thread on WhatsApp.

META, with WhatsApp, is leading this revolution, with new features such as Flows and Payments facilitating users to transition smoothly from viewing an Instagram ad to making a purchase, all within the platform. Leading brands like Google and Apple are also making waves in this space, and more platforms are likely to follow.

The move from generative AI to interactive AI

Generative AI, or Gen-AI, has made remarkable progress, especially in customer support. This technology has been instrumental in auto-generating content for messages and emails and AI-driven bots that can handle basic queries.

However, the future lies in interactive AI, where, according to British AI researcher and entrepreneur Mustafa Suleyman, “bots that can carry out tasks you set for them by calling on other software and other people to get stuff done.” In line with this, analysts predict the emergence of a federation of different bots and AI algorithms being used to trigger different actions across the customer journey.

These advanced tools will be central to marketing and sales automation, answering product-related questions, scheduling deliveries, and managing payments. Integrations will span from generating campaign content to providing AI-driven chatbot interactions, ensuring fluid, human-like conversations with the customers, all within a customer’s favourite channel.

The rise of the super app

The ‘super app’ concept has gained significant attention in recent years, with platforms such as WhatsApp, WeChat, and various others. These platforms, boasting billions of subscribers, present a golden opportunity for brands to integrate and offer their products and services. Tech billionaire Elon Musk described WeChat as “Twitter, plus PayPal, plus a whole bunch of other things, and all rolled into one with actually a great interface.”

Telegram appears to be moving towards this model, announcing in September last year that “developers can (now) use JavaScript to create infinitely flexible interfaces that can be launched right inside Telegram — and can completely replace any website.”

Envisioned as multi-purpose hubs, these apps will evolve into platforms where users can seamlessly interact with multiple brands.

The rebirth of virtual reality and augmented reality

However, things are also heating up in the virtual reality (VR) and augmented reality (AR) space. META recently launched its new generation of Ray-Ban META smart glasses. Among other updated features, these will integrate META’s AI-powered, advanced conversational assistant. By saying “Hey META,” users can engage with META AI to spark creativity, get information, and control features. Apple has also unveiled its much-anticipated Vision Pro headset, a mixed-reality device capable of both VR and AR experiences.

These products signify a step change in the world of AR and VR, which has, until now, been seen by many as somewhat gimmicky. It is expected that VR and AR will transition from merely PR stunts to real-world use cases. Using these tools, businesses and brands can create exceptional, awe-inspiring experiences on a scale that has never been possible in the physical realm.

Phygital experiences

Against this backdrop, it is anticipated that further convergence of the physical and digital realms will occur, with businesses and brands crafting captivating ‘phygital’ experiences tailored to customer preferences in real-time. Retailers will further weave technology into their brick-and-mortar stores, leveraging data to personalise what customers hear, smell, and see. Simultaneously, e-commerce platforms will explore the potential of virtual and augmented reality, pioneering a new age of digital retail.

Numerous examples already demonstrate this concept in action, like retail brand Marks & Spencer’s AR shopping app, which allows customers to walk around a store with the app using an AR filter to direct them to the location of specific items. As this technology develops, it will help customers experience products as if they were already in their possession, allowing them to make informed decisions about what they buy.

More to come

This year promises to be an exciting year for customer experience. With brands recognising the power of conversational interfaces, AI-driven solutions, and phygital experiences, consumers can anticipate more tailored, seamless, and delightful interactions.


Kindly share this post
Continue Reading

Trending