The 18th global edition of Advertising Week returned to New York City from September 26th – 30th to provide world-class thought leadership seminars and paramount evening events to all its delegates. This year marked the 13th year of Advertising Week in New York bringing together the largest gathering of thought leaders and game changers including Sheryl Sandberg, Arianna Huffington, Mark Cuban, Drew Barrymore, Rachael Ray and more. From innovations in technology to creative storytelling and data, the program was diverse, educational and thought provoking. AW2016 was the largest event yet with 270 seminars and workshops across 14 curated tracks including: Talent, Creativity Without Borders, Empowering Women, Video, Brand Innovation, Agency, Mobile and more! This year included the first-ever award ceremony, D&AD Impact Awards, celebrating transformative, creative ideas that contribute to a better, more sustainable future. It was an incredible week that inspired lots of great ideas and learning. We’ve pulled together the key takeaways and trends gathered from our talented roving reporters into our annual MEC@AW2016 Key Takeaways. MEC returned for the second year as the Talent Track sponsor curating a full day symposium focused on driving transformation in the area of talent management. To kick it off, MEC hosted the opening keynote as Chris Edwards author of Balls: It Takes Some to Get Some shared his story of his transgender transition in front of 500+ colleagues, partners and friends in the already unpredictable world of advertising. Chris’ story is inspiring us all to embrace difference in how we work, engage and connect with others. Following the session, MEC hosted a panel on unconscious bias and explored the impact personal biases have on the creation of an inclusive workplace. The panel included, global leadership coach Tanya M. Odom, former NFL player and diversity consultant Wade Davis, founder and CEO at Unitive, Inc. Laura Mather and Jim Sinocchi, Head of Disability Inclusion at JPMorgan Chase & Co. MEC Wavemaker broke the Advertising Week noise, hosting a disruptive session with Catharine Hays, co-founder of the Wharton Future of Advertising Program (WFoA) and co-author of Beyond Advertising: Creating Value Through All Customer Touchpoints. Catherine in conversation with Tim Flattery challenged what we have come to know about advertising and the role of the media mix. THEY SAY “CONTENT IS KING” BUT BEFORE CONTENT COMES THE MOST VALUABLE NATURAL RESOURCE IN OUR INDUSTRY… TALENT. MEC’S LEADERSHIP IN NOT ONLY ATTRACTING BUT CULTIVATING A DIVERSE COMMUNITY OF SKILLED AND CREATIVE TALENT IS UNIQUE, THEY RISE ABOVE. WE ARE SO PLEASED TO HAVE THEM BACK LEADING A DAY-LONG SERIES OF UNIQUELY CRAFTED SEMINARS WHICH ALL REVOLVE AROUND TALENT – HELPING COMPANIES STAY RELEVANT TO TODAY’S MODERN EMPLOYEE. - Matt Scheckner, CEO of Advertising Week MEC’s Advertising Week activation made a call to the industry to support a new initiative aimed at confronting bias that impact talent decision making. Outside of Time Center Hall, we held a pop-up voting style booth that included iPads with Harvard’s Implicit Association Test, empowering delegates to uncover their personal biases and confront ways to counter them. The #BraveYourBias booth invited all participates to sign a pledge, raising awareness of the power of inclusion. To learn more visit: www.braveyourbias.com. "ONE OF THE THINGS THAT WE'VE SEEN IN THE PAST IS THAT THERE'S BEEN A LOT OF POLICIES WRITTEN, A LOT OF DISCUSSION HAPPENED, BUT WHAT HASN'T REALLY BEEN ADDRESSED IS THE FUNDAMENTAL DECISION MAKING PROCESS.” - Marie-Claire Barker, Global Chief Talent Officer, MEC TRENDS FROM & WHY THEY MATTER INNOVATION, TRANSFORMATION & DISRUPTION This year’s Advertising Week highlighted the immense need for our industry to move beyond the norm and everyday comfort zones into a place of growth, risk and innovation. Industry leaders encouraged brands to assess their current actions and plan the next means of disruption. Even if all was going well and working, disruption and transformation was commended as the industry continues to change and brands are pushed to evolve to keep up. AW shed light on the ever-growing virtual reality market, the extensive use of augmented reality and the need for start-up development and partnerships. As Dawn Ostroff, President of Conde Nast put it, advertisers have the power to change and create consumer behaviors and build technological use. But being a cutting edge brand requires more than the innovative use of technology. It requires a disruption of the marketplace. Brands need to consider the risks they can take now to change and grow within the ever evolving industry. They can no longer afford to stand on the sidelines, they must create noise to affect their audiences. The time is now. Can’t be creative because you’re afraid? You can’t be afraid, because you’re creative! -SETH GODIN, AUTHOR It's not really disruption anymore. It's more about transition. And making changes in the industry. - BETTY LOU, ANCHOR & FOUNDER, BLOOMBERG TV & RADIATE INC. It's important to disrupt yourself and not get stuck in what is working. - PETE CASHMORE, FOUNDER & CEO, MASHABLE This is the second advertising revolution since the 1950s. But you won't survive if you play by the old rules. -SETH GODIN, AUTHOR People want a collective experience; to be transported. What is vital to stay afloat, let alone stay ahead, is innovation. –HARRY KARGMAN, FOUNDER & CEO, KARGO THE FUTURE OF MEDIA: THE MARRIAGE OF DATA & CREATIVITY AW2016 highlighted the need for our industry to deliver compelling experiences to ensure consumer engagement. Conversations focused on the latest and greatest advancements in ad-tech such as hyper-targeting, programmatic and cross-device IDs as a means to truly elevate the consumer experience. Additionally, programmatic is considered to be the next generation of data driven engagement, although it was said that it can lead to an overlook of certain demographics and audiences. For marketers, finding the balance between art and science is the key to ensuring a successful campaign. Cleverly marrying data and creativity to develop ideas that are both engaging and relevant to consumers can overcome the downfall of our industry—ad-blocking. Data should be used holistically for an ‘insights-first’ approach to develop successful solutions, while creativity should generate engaging and relevant content. Marketers that successfully bring together the best of data and the best of creativity will see great results. We live in an AND world. The digital revolution felt like a math and science class. We’ve moved to the center. We must marry opportunities with data, and tech with art. –WENDA HARRIS MILLARD, PRESIDENT & COO, MEDIALINK Not every impression is created equal. – SHENAN REED, PRESIDENT DIGITAL, MEC It’s not about big data, it’s about smart data. –NADINE KARP MCHUGH SENIOR VP, OMNI MEDIA STRATEGIC INVESTMENTS & CREATIVE SOLUTIONS L'ORÉAL USA Granularity of targeting has outstripped our ability to tailor unique creative assets. –ROB NORMAN, CHIEF DIGITAL OFFICER, GROUPM There are too many incremental, small steps and not enough big gambles. – ROB NORMAN, CHIEF DIGITAL OFFICER , GROUPM PURPOSE BEYOND PROFIT (TALENT, DIVERSITY & SOCIAL IMPACT) AW2016 clarified the focus of three major purpose-driven concepts important to our industry and our people; Talent, Diversity & Social Impact. Talent: Employees are calling for workplace environments that allow them to have more authentic conversations about their lives and careers: the ability to bring their “full selves” to work Diversity: Awareness around unconscious bias has reached a tipping point, forcing companies to *do* something about it Social Impact: A brand’s service or product alone is not enough anymore to make an impact – consumers are demanding to know “why” a brand exists, “what” it’s core values are, and “how” it makes a positive impact Our industry’s success is based on our people. Taking active steps to mitigate unconscious bias in both recruitment and culture fosters a greater diversity of experiences that leads to more innovative thinking. Moreover, allowing people to have opportunities for growth, healthy work/life integration and transparent communication generates improved retention and better work outcomes. Additionally, adopting sustainable, socially conscious business models is not just good for the world, it is good for a brand’s bottom line – a coexistence that’s becoming mandatory, not just a ‘nice to have’. We know from research that bias doesn’t go away; we have to find ways to constantly mitigate it. – TANYA M. ODOM, GLOBAL CONSULTANT AND LEADERSHIP COACH What’s the default for hair? For executive presence? For abled bodies? When you don’t sit in that default, bias will be present. –WADE DAVIS, SENIOR CONSULTANT DIVERSITY & INCLUSION, YSC If you have beliefs and values, [you] have a North Star for everything. – CARL JOHNSON, FOUNDING PARTNER & GLOBAL CEO, ANOMALY One of our mottos at THINX is ‘Let Your Freak Flag Fly’” – MIKI AGRAWAL, FOUNDER, THINX There’s a transformation in the rules of engagement for companies as consumers demand more social responsibility. – JENNIFER DOLSKY, CEO, CHANGE.ORG You get work that matters when you can fully bring yourself to the table. – SHANNON WASHINGTON, SENIOR CREATIVE DIRECTOR, INVNT The roles of companies have to change. Companies have to be the biggest providers of solutions. – ALINE SANTOS, CMO, UNILEVER CONTENT: KEEP IT PERSONAL & PLATFORM FRIENDLY The panels, presentations and sessions at AW2016 spoke to a monumental shift—the value exchange that is expected between consumers and content. As consumers have evolved and access to data has increased, content is expected to be relevant, fueled by qualitative insight and captivating in the first 3-6 seconds. Whether the content is long or short, it is the key first seconds that matter most. Moreover, content should be built for each platform and only live on the platform that is most appropriate. Real-time responsiveness requires a knowledge of how a consumer acts and reacts to content, which AW shed light on for attendees. Content literacy is an important skill for marketers to master. A masterful content strategy that puts personalization first will prove successful as a value exchange is what consumers are looking for. Keeping the content engaging within the first couple of seconds is key to ensuring the consumer stays throughout the whole experience. Moreover, marketers need to understand the human dynamic with media and how it has changed forever, since shared viewership will be the next big thing. The brands who spend time developing a content strategy that puts relevant content at the forefront will be most successful. We are living in the Experience Economy: Be Immersive. Be Relevant. Follow Through. – BRANDON GAYLE, HEAD OF GLOBAL SPORTS PARTNERSHIPS, INSTAGRAM People are looking for thumb-stopping creative. –SHERYL SANDBERG, CHIEF OPERATING OFFICER, FACEBOOK Find the message that is authentic to the brand and create a story that is specific to your audience, not everyone. - SHENAN REED, PRESIDENT DIGITAL, MEC Growing attention across screens requires evolution, not revolution. -TARA WALPERT LEVY, VP AGENCY & MEDIA SOLUTIONS, GOOGLE Dependence on attribution is the main barrier to ensuring relevance. - SCOTT HOWE, PRESIDENT & CEO, ACXIOM Media is now every touchpoint of the organization, so how do we construct against it. -TIM FLATTERY, MEC WAVEMAKER Check out all the fun that unfolded as our roving reporters took to NYC – @MECIdeas and #MECatAW on Twitter, Facebook and Instagram. For questions, please contact: [email protected]
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