The advertising business now changes about every 10-15 years. We’re at the tail end of the Media Era, about to enter the Technology Era, which will be unlike anything we’ve seen in the past, says Cory Treffiletti.
When I first got into advertising and marketing, the pendulum was just shifting. I entered the business at the tail end of the Creative Era, which had experienced an extended period of dominance. Mad Men gave us a view into what things were like then, with the spoken word able to wield the power of a WMD when used by a suave ad man like Don Draper. It was all about the big idea and the ability to weave together a story that resonated with the mass audience. That era lasted from the ’50s and ’60s, up through the mid-’80s. It was right about 1991 when you started to see things really shift.
In the Creative Era, we saw the agency landscape dominated by hyphenated agency names highlighting such industry giants as David Ogilvy and Bill Bernbach. These were among the most creative people ever to grace the ad world.
But as the landscape changed and cable broadened the TV audience while the magazine industry exploded into smaller, niche publications, the art of advertising was refined, as science began to have a role in the development of the audience. The agencies that dominated during the creative-driven age had to make way for the media-centric shops that have become so familiar over the last 15-20 years.
The Media Era was less about the name of its leaders and more about the anonymised power of the holding company. Omnicom, Publicis and WPP gave birth to media-driven agencies that started to take the lead. Creative was still important, but there was now a balance between creative and media that hadn’t previously existed.
The birth of the Internet drove the increased importance of media. All of a sudden the masses had access to even more of whatever they wanted, so their attention became fragmented, even as creative-driven agencies threw out more and more ingenious messages. In the Media Era, we saw the rise of the analyst and an increased reliance on data. Media created more proof of resonance with the audience and even became an art unto itself.
When first I started in the business, still in the Creative Era, a two-hour client meeting consisted of an hour and 40 minutes of creative discussion, with a 20-minute session dedicated to the media recommendation. These days you can see a more significant balance, with as much as two hours dedicated to media, and perhaps a separate meeting about the creative. The Media Era also created more specialisation, with teams focused on “online vs. offline,” and then subsegments of online like “paid vs. earned” or “banners vs. native or social”.
Twenty years into the Media Era, it’s easier to sense the winds are shifting once again. We’re headed inevitably toward the Technology Era, where it’s not about creative vs. media, it’s about manual vs. automation. This stage will witness a new kind of company rise in importance, with the consultancy approach. Companies like Accenture, PwC and Boston Consulting are buying their way into the agency business to manage technology and automate processes, both in media as well as in creative.
As the world fragments more, consumers are curating their technology stack and brands are being forced to play catch-up, tasked to offer new ways to engage customers. Technology is the only way to keep up. It’s fighting fire with fire, and media agencies are starting to recognise this and take similar steps forward.
The battleground of the next 10-15 years should be between the consultancies and the media agencies, with the creative shops attempting to hold onto the “strategy” element to offset the need for a singular big idea. The names might change, but the goal is still the same: to own the ways brands interact with their audience.
Are you preparing for the shift? What is your strategy to stay relevant?
Cory Treffiletti is vice president of strategy for the Oracle Marketing Cloud, and is a founder, author, marketer and evangelist. This post was first published by MediaPost.com and is republished with the kind permission of the author.
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