In simple words, advertising is the way to grab public attention towards a certain product or service via different ways of communication. Earlier, newspapers were the only primary medium for advertising. Subsequently, radios came into existence, and both newspapers and the radio became a good way to advertise a wide range of products. However, in the 1930s, the invention of television changed the course of advertising and slowly television commercials (TVCs) entered the advertising space.
Cut to today! In addition to all the above mentioned mediums, social media is an emerging way to advertise. In fact, the ongoing pandemic acted like a catalyst in making social media a great medium for brands to market and advertise their products and services.
Another interesting fact to note is how advertisers in the current time are armed with data and information. Not just that, one cannot miss the role of technology that has taken the centrestage in all aspects when it comes to marketing and advertising.
Today, with the availability of massive data and information, marketers and advertisers can devise creative, interesting and impactful campaigns. In fact, ads are now being made using emerging technologies like Artificial Intelligence (AI). The new technology systems are acting like a powerhouse of information and thereby aiding in the strategic development of multiple ad campaigns.
Just like everything else, the ad feeds are also being customised based on the target audience. Thus, with data empowering the world, it is also empowering the creative minds in the world of advertising. It won’t be wrong to mention that though the era of Mad Men is long gone, a new era of ‘Mad AI’ is gradually taking over the world. Yes, the idea of ‘Mad AI’ sounds insane but it’s the inevitable future.
Today, advertisers are powered by artificial intelligence that is helping them gain insights about the audience and cater to their needs accordingly. In turn, marketers run various versions of an ad through different channels and pursue the audience in a better manner. You may have noticed that the very next minute you talk about a product or search about them, you get ads of it even when you are done researching or discussing the product. These personalised ads on social media are a result of cookies that track the information that you search on the Web. For instance, a single like on Netflix’s tweet sends a direct message to your inbox from where you can get a direct link to watch trending shows based on your mood instantly.
Furthermore, marketers are also using Machine Learning (ML) tools for various marketing purposes.These tools are helping them make accurate analysis thereby enhancing their decision-making and predicting processes about a campaign. Moment marketing has become a necessary tool for most companies now and staying on pace with whatever trend is happening on social media has become the way of increasing the goodwill of a brand.
As David Ogilvy says, “What really motivates consumers to buy or not to buy is the content of your advertising, not its form.” Gradually, the ways of advertising may have evolved but the core idea always remains intact ‑ to pursue the consumers in taking a step to form a stronger connection with the brand. However, this grand change in the way of advertising may seem good or bad to different people but as Don Draper says, “Change is neither good nor bad, it simply is. It can be treated with terror or joy.” So why not embrace this new way of advertising and use it in the best manner possible.