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My mega trend is “Changelocity”

By this I mean the connection of change and velocity and thus the enormous and rapidly increasing speed of change, which has covered practically all our areas of life. Whether we are looking at politics in Germany and the world, our working environment, the media or marketing, everywhere we are exposed to an increasing – and increasingly difficult to manage – pace of change. We live in a world that is increasingly characterised by volatility, uncertainty, complexity and ambiguity (VUCA).

What does this mean for us as entrepreneurs?

Above all, we must keep our companies agile to be able to react more quickly to changes. This means smaller, flexible units instead of large monoliths. Fluid and flat hierarchies instead of deeply tiered pyramids. Decentralised decision-making structures instead of Louis XVI. Rent, share and lease instead of owning supposedly valuable company assets. Focusing on creativity instead of market entry barriers as a success factor. Encouraging coworking instead of rigid working environments. Lifelong learning and training instead of completed degree courses.

And above all, abandoning vanities, which in practice are the greatest stumbling block to the willingness to change.
And we all know that’s where it all starts!

Developments of various retail formats

Large brands will continue to strengthen direct contact with consumers through their own retail formats or shop-in-shop concepts in city centres. The IKEA restaurant in a city centre location is one example. Successful Internet companies are becoming physically tangible with their own branding stores such as Mymuesli, Zalando or Westwing. As such, linking with digital media will become highly relevant. In the end, it’s all about consistently implementing all touch points, which many established retailers have not yet been able to do. Here the battle decides who can survive in the future or who will disappear from the market.

Addressable TV – next level

Addressable TV (ATV) promises to increase the campaign’s impact by supplementing TV advertisements with high-reach TV spots with targeted, controllable advertising media – the advantages of linear TV and the digital world combined. The time of test cases is over – ATV will experience a significant growth spurt in 2018. Why? The penetration of smart TVs in viewers’ living rooms is clearly increasing. In 2018, it will be possible to cover ranges with which ATV can play an important role in campaign planning in certain target groups. A smart moving image strategy uses the possibilities of Addressable TV – including programmatic control and TV retargeting. And the next stage of development is already underway – with the Hbb 2.0 television standard, spot exchange is also possible in linear TV.

Strengthen your future viability with a platform strategy

An important key to success and future viability in the digital age is the perceived relevance of a company’s offering in the eyes of the users. This can be increased through added value such as product enhancements and services. It is a strategic option to open the own offer to partners and to integrate their solutions according to the actual needs and potential. That way, it is possible to flexibly design the own offering in the sense of a modular system and to significantly increase the relevance in the eyes of the users. The requirement for this is to exactly know the customers and their demands, to observe the competition intensively, and to look for appropriate partners in order to constantly increase the added value of the own offering.

Examples of such platform strategies can currently be found a lot in the financial sector, where established financial service providers are being attacked from different sides. FinTechs particularly, but also nonfinancial providers such as telecommunications and technology companies take over individual parts of the bank’s value chain and develop separate business models for this purpose. The new players offer products and services that are easy to understand, easy to use, and often even fun. What distinguishes the traditional players are above all their broad customer base, decades of tradition and experience, brand strength, customer confidence, market knowledge, human and financial resources, as well as existing structures and networks. In order to prepare for the future, start-ups and banks have to cooperate with each other – finding and networking with the right partner from both worlds becomes a decisive success factor for the own future viability. And this is certainly not only true for the financial industry.

Transparency 3.0

The Panama Papers and Paradise Papers were just the beginning: next year we will once again see that no one is left with anything hidden. The interaction between data agglomeration and social networks will gradually make whistleblowers and flesh-and-blood spies superfluous. And this prediction does not even take into account the future possibilities of AI (both desired and feared).

In addition to the opportunities for greater tax fairness, better crime prevention and the dangers of idea and innovation theft to an unprecedented extent, this development also has far-reaching consequences for the world of work and employer branding: Relevance and credibility of company promises to its employees are tested in real time by employer evaluation portals, applicant and university blogs, as well as industry newsletters. Messages about poor employee satisfaction can no longer be dismissed as individual opinions if they are not. In the near future, companies will lose the monopoly of opinion over their own employer brand (if they ever had it). They will have to share the interpretation prerogative over their employer brand with employees, but also with former employees and candidates who are at the forefront of communication in their entirety.

Proactive transparency is therefore more important than ever. Nowhere is perfect, but that’s not expected. What is expected is to deal openly with the advantages and disadvantages of a company’s working environment and to react quickly and appropriately to potential grievances. None of this is completely new, but in the future, the greatest possible transparency will be the prerequisite for a positive image of a company as an employer.

More than digital only, sales only and pure buzzwords

  1. Beyond bullshit:
    Results instead of buzzwords, more substance in campaigns, correct evaluation criteria instead of feelings. Real, clearly trackable progress on the way through the funnel.
  2. Beyond digital only:
    The longing for real feelings, real contact, real scents. Brand experience in the sense of ultimate moments with a brand (see also “The Power of Moments: Why Certain Experiences Have Extraordinary Impact”, book by Chip Heath and Dan Heath)
  3. Beyond sales only:
    Discounts, incentives to buy, Black Fridays and Cyber Mondays have become ubiquitous. Not brand stories you can’t escape any more. It’s about the willingness to pay through emotional attention. Offers can then act as accelerants for this brand fascination. But nothing can be accelerated where nothing burns.

Data is the oil of the 21st century

Data-based marketing is the wave on which marketing and communication professionals, technology providers and agencies are riding and talking to each other. Due to people’s constantly changing, digitising media consumption, target groups have to be profiled more precisely.

They have to be addressed in the right time window and environment in a needs-oriented manner and converted to customers as efficiently as possible.
The plan is good and right. And at best, it ends the unnecessary media channel discussions between “classic” vs.”digital” supporters.

However, companies and their communication service providers must first of all face the challenge of being able to adequately meet these channel-neutral requirements.

My trend for 2018 is therefore to look at data-based marketing from a new perspective: Many marketing decision-makers should aim for and initiate a strategic change of direction towards new data-based marketing compared to the tried and tested.

In this way, we can generate data for you, process it in a meaningful way, and then control needs-oriented content at the right time and in the right place.

Trends from a digital / programmatic point of view

  • Data protection!
    With the impending strict implementation of the ePrivacy Regulation, many programmatic offers are on the verge of collapse, as a hard regulation means that cookies can only be used with the appropriate consent, which will dramatically reduce the available usable quantity and thus call into question the usefulness of many programmatic products.
  • Quality!
    Introduction of the quality certificate for digitally programmatic agencies in order to define uniform quality standards for agencies in their dealings with PA and to make them transparent and tangible for advertisers.
  • Everything programmatic!
    Integration of traditional campaign modules into a programmatic structure (DooH, ATV, radio, cinema). This involves both the technical integration of different marketers and media into a central infrastructure as well as in-house training for planners and customers in order to show them the advantages and possibilities.

Offline is the new cool

Yes, this is already clear: artificial intelligence, virtual reality, wearables, the networking of everything with everything, Big Data. The hot topics of the past year will also shape 2018. But in my opinion, the “hottest shit” customary in the industry will also fuel a counter-trend: Offline will become the new cool in 2018.

Previously, at parties, people announced they had spent a full six weeks a year at their Majorca villa. In 2018, the person who can say he misplaced his smartphone three days ago and hasn’t noticed yet will be envied. Leadership in 2018 will be shown by those who delete all cc emails unread. Instead of talking about the engine power or the tyres of a new 4×4, we will rave about how great it feels not to leave a trace in the social networks for four weeks. And anyone who enters their appointments into a notebook by hand while colleagues continue to mess up the day of Outlook appointments will be really cool. Somehow I’m looking forward to 2018.

Real stories instead of cat pictures

The mega trend of 2018 is quality of content. Cat picture content continues to have its raison d’être, but its relevance is declining. Due to its educational core virtues, PR as a multi-channel discipline plays a much more important role in the communications industry than pure campaign-driven marketing.

The distinction between classic PR, editorial digital content, paid content and marketing is increasingly becoming blurred. I see the demand for integration of the communication disciplines as the central challenge for the industry. And Public Relations, the management of relationships, has great new opportunities. Or, to borrow the words of a colleague in the industry: “The great era of PR is just beginning”.