All posts tagged: advertisers

Data is the new oil

Michael Palmer of the Association of National Advertisers expanded on Clive Humby’s statement. “Data is the new oil. It’s valuable, but if unrefined, it cannot really be used. (Oil) has to be changed into gas, plastic, chemicals, etc. to create a valuable entity that drives profitable activity; so must data be broken down, analyzed for it to have value.”* We’ve come a long way in data as the basis for businesses, and we’re learning about its legal, social, and ethical boundaries along the way. But there’s no doubt about the trend: Companies who use data as the sole base for their business are coming. And it’s growing into big business for many, not just social media platforms (exploiting user-generated data in return for free services), storage companies (operating the data centers where our clouds host our data), and companies providing software-as-a service (SaaS). Data in recruiting and talent management: Recruiting and managing employees is still mostly database-driven. Enter keywords, and databases, like LinkedIn, will list results. Consequently, resumes and LinkedIn profiles today are optimized for …

Digigram Newsletter of April 2020!

Gert Christen’s April 2020 newsletter: This newsletter is dedicated to disruption. Think disruption is over because we accepted apps like Uber or websites like Airbnb? I’ve got news: It’s not over. Entire industries are not only ready for disruption, they’re at the very beginning of being disrupted. I discuss two examples in this newsletter.

Marks of Disruption

Marks of Disruption #1: (Too) comfortable industries that haven’t changed in a long time are vulnerable A Business Insider article was one trigger in my decision to focus on disruption in this newsletter: “Apple sold nearly 10 million more watches than the entire Swiss watch industry in 2019”. Think about it. Apple shipped 30.7 million watches in 2019, compared to 21.1 million watches shipped by the entire Swiss watch industry! What’s even more alarming is Apple’s 36% growth in volume over the previous year, compared with a 13% decline for Swiss watches. For 40 years, the Swiss watch industry stuck to the same strategy: Mass-produced, reasonably priced analog quartz watches at the low end, and super-high-quality, expensive luxury watches at the high end. Its marketing remained frozen in time, too, with suitable brand ambassador celebrities, event sponsorships, and airline-magazine-style glossy ads. This approach worked well for the Swiss for decades, so there was no need to rock the boat.  Enter the iPhone and Fitbit, and the boat began taking on water fast. Fitbit started the …