#CES2020 on Breaking Convention and Building Connection

As the world’s largest and arguably most influential tech trade show, you know we wouldn’t pass up the chance to visit CES this year—and this time we brought the whole family along, including our programmatic sister company MightyHive and parent company S4Capital. At the dawn of a new decade, this year’s CES placed industries at a crossroads, highlighting the challenges and opportunities that stand before them.

CES has become so big in recent years that it’s also sparked its fair share of side events, including C Space: Marketing and Advertising (devoted to disruptive trends that shape consumer behavior and advertising media) and the Brand Innovators’ Mega-Trends summit. MediaMonks had a presence at both events throughout the week, with S4Capital Executive Chairman Sir Martin Sorrell calling Brand Innovators “a CES within CES,” noting its more intimate feel. Below, let’s dive into some of the insights that surfaced across these events.

The Rise of the Challenger Mindset

At the start of the new year, MasterCard CMO Raja Rajamannar gave Brand Innovators some choice advice: “Adapt quickly, or you risk being left behind. Marketers need to stay constantly curious, take thoughtful risks and scale fast, as the pace of technology and innovation will not slow down anytime soon.”

Speaking of marketers’ role in envisioning the tech-infused brand experience, Silke Meixner (Partner, Digital Business Strategy at IBM Global Business Services) noted how “As MediaMonks thinks about putting emotion into the brand as a partner, marketers need to, too,” mentioning how AR presents an opportunity to achieve that.

Whether being more purposeful in adopting a challenger mindset, raising relevance with the aid of new partner models, or building value in emotion-driven experiences, this year’s CES offered ample opportunities for brands to build stronger connections with consumers through tech. As they embark on a new decade, the discussions at CES look optimistic for brands—and we can’t wait to help refine their big ideas and bring them to life.

It’s a mentality shared by Mitsubishi’s VP and CMO Kimberly Gardiner, who looks outside of her industry for learnings and inspiration. In conversation with Nick Fuller (SVP, Growth at MediaMonks) in a fireside chat at the Brand Innovators summit, she said, “We don’t look at auto competitors for inspiration—we look at DTC companies. We want to be a brand that challenges convention.”

This challenger approach has helped Mitsubishi—which enjoyed its second year in a row as the fastest Asian-owned auto brand—zero in on a dedicated audience. “We can’t outspend our competition, so we focus on a narrow, focused audience,” Gardiner said. “We want to target people that aren’t like everyone else.”

In his own fireside chat shared with MediaMonks Founder Wesley ter Haar, Sir Martin also embraced the disruptive, challenger mindset by building a connection between S4Capital’s mission and Burning Man. “Burning Man reflects creative disruption—it’s about creating something and destroying it every year,” he said.

Achieving Growth and Personalization at Speed and Scale

For brands to successfully challenge conventions and adapt to the quickening pace of technological innovation, they must have the capabilities in place to scale up or pivot with speed. This is especially important given the rise of consumer hyperadoption, or the speed at which consumer behaviors shift, and further challenges traditional metrics of success.

At the S4Capital Storytelling Session at C Space, moderated by Marta Martinez (Director of Google Marketing Platforms), S4 leadership met to discuss some of the reigning challenges and opportunities that brands face while moving into the new decade. Louise Martens, Global Head of Embedded Production at MediaMonks, mentioned how the uptick in social conversation and tech adoption has quickened the pace at which brands must deliver.

“In the past, you may have had four big moments in the year, but now marketers have to turn around thousands of thousands of assets across formats and channels.” The solution? New partner models that satiate brands’ need for speed and scale: “That pressure on organizations has sparked new models like co-location, in housing and embedding.”

And as digital platforms become increasingly saturated, ownership and implementation of data become critical to success. “To win, brands must look at their ecosystem: measure it, test it and feed that data back inside to the creative,” says Martens.

Noting that personalization is table stakes in 2020, MightyHive CEO Pete Kim also mentioned the battle for first-party data and integrating it more closely with a brand’s creative strategy. “I hope to see continued progress as we forge the processes of the future—putting the right message and the right creative in front of the right person at scale.”

Recognizing Value in Emerging Tech

The showroom floor at CES offers its fair share of hits and misses, which presents brands with a sober reminder to ensure their investment in new and emerging tech provides real value, both to the business and consumers alike. Olivier Koelemij, Managing Director of MediaMonks LA, participated in a panel as part of the Digital Hollywood track at CES that sought to highlight the value that one such technology—augmented reality—can offer to brands. Titled “The Augmented/Mixed Reality Experience,” the panel included industry experts such as Magic Leap, Microsoft, IBM Global Business Services and more.

One of the key challenges to mixed reality that the group highlighted, perhaps counter-intuitively, is its fast-growing maturity. While tech leaps have made it easier to design and implement impressive digital experiences—take Depth API’s addition to ARCore, for example—they also raise the bar on what a truly assistive, value-added experience looks like. For brands at a lower digital maturity, the panel highlighted the role that partnerships can play in homing in on that value factor and bringing ideas into reality.

“There are many ways to define value,” says Koelemij. He discussed the Dark Knight Dive, a 4D VR experience that lets users “fly” through a virtual Gotham City while suspended in a skydiving wind tunnel, as a best-in-class example of what brands can achieve when going big on extended reality. “With this project, we were able to connect AT&T with the Batman IP that they’d recently acquired, and the press was all over it. Marketers must think about how they measure and define success.”