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Technology Today Bureau
The16th Marketing Conclave organised by the Internet and Mobile Association of India (IAMAI), with the theme ‘Towards The Tipping Point’ was inaugurated by Shri Prakash Javadekar, Union Minister of Minister of Information & Broadcasting, Environment, Forest and Climate Change and Heavy Industries & Public Enterprises. Shri Javadekar stressed on the need to counter fake news and termed fake news as more dangerous than paid news.
The marketing conclave, which is
one of the biggest in India saw industry leaders share their insights on the
post-covid scenario and how through responsible marketing, consumer demand can
be regained. Delivering a keynote address, Harsh Mariwala, Founder & Chairman
Marico mentioned that it has it is now crucial for brands to innovate on a
perpetual basis. He further stated with the world facing an
unprecedented crisis, and the role of innovation and purpose in brand building
has drastically increased as organisations look to create a meaningful connect
with their consumers.
Anant Goenka, Executive
Director, The Indian Express & Chairman, IAMAI Digital Advertising
Committee, said digital advertising is increasingly being adopted by brands in
order to chart an effective communication strategy that involves a two-way
communication process between the organisation and its consumers. “The current
times have taught that messaging and communication has never been more
important, content has never been less monetised and the reason to look beyond
the shares of customers wallets, has never been more crucial for sustaining,”
he added.
“Today the consumers are very smart, particularly the younger generation. He asked brands to be responsible in their messaging and not focus only on earning a brownie point.”
--Ashish Bhasin, CEO APAC & Chair, Dentsu Aegis Network Consumers India
Ajit Mohan, Vice President,
Facebook spoke about the pandemic’s impact on the digital world. He
highlighted that the digitally influenced purchase has shot up by at least
15-20% for some of the largest consumer categories such as apparel, mobile
phones packaged consumer goods that traditionally had offline chains.
Tushar Vyas, President, GroupM
South Asia in his address said: “I’m glad MarCon 16 is
happening at an appropriate time when everyone is curious to understand and
decode what is the scenario going to be in the post pandemic world. There is a
visible change in consumer trends along with how brands are evolving their
marketing tactics. Corona has given a rise to challenges and changes across
the marketing ecosystem but on the other side, it has offered a fresh
perspective into the new reality and help accelerate digital adoption. Digital,
data and technology have a larger part to play in the post Corona world to help
turn the tide said,
Sharing his perspective on
Fantasy Sports, Harsh Jain Co-Founder & CEO, Dream11 outlined the importance
of proper marketing and gave an insight of how marketing will work if the
product is good.
Girish Agarwal, Director, Dainik
Bhaskar Group spoke about how regional newspaper industry is growing while
English newspapers are recording a dip in readership. He however said that at
the same time, digital news platforms recorded a high growth. Thus, as a change
of strategy, print reporters, besides writing articles for newspapers have
begun to contribute for websites.
Jagran News Media CEO Bharat
Gupta stressed on the need for creating trust and credibility. He said that
these two factors should be of paramount importance for content creators in the
digital world. He further said that the focus should be to embrace change with
new innovations as legacy alone will not help traditional companies survive.
The conference was wrapped up
with a very interesting panel discussion about the challenges and opportunities
that an agency faces when there is a paradigm shift in the Marketing
Ecosystem. Anant Goenka, who moderated the session said brands should
invest in finding a role in society and look for a larger purpose. He stated
the importance of communication and how a brand should focus on building up
relationship with their customers.
. Sam Balsara, Chairman and
Managing Director, Madison World when asked about how brands go about finding a
larger purpose, said younger people get attracted to a brand’s cause and when a
brand takes up a cause, what they should look for is authenticity.
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