Long question, looooonger answer. Here’s Dr Bhaskar Das in the September 12 edition of Das ka Dum. Read on…
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Q. According to a 2023 Sprout Social study, 42% of marketers plan to stop working in social media within the next two years, many fear a burnout. These are for the US, but things aren’t too different in India. What should be done to buck the trend?
A. I think it is too early to comment on the research and the conclusions derived therein. There are a few issues connected with such a possibility. The first, one reads continuously about data fudging, the toxicity, the agendaised conversation that affects brand safety and of course the overall media scene is under a lot of volatility because of not only the technological and regulatory reasons, but also viewing habits, consumer behaviour and other ancillary issues. These create a lot of burnout. In fact we are aware about the rightsizing which is a euphemism for termination where leading social media companies are asking for people to leave because of the pressure on the bottomline and of course stockmarket pressures.
So there is burnout among the brand custodians, hence people look for safer shores. Thirdly, the issue of brand safety where your communication is being seen, the ROI calculation that is required for any kind of investment and we are aware of that you can even commit influencers the number of followers on a campaign. People even comment that we can make your campaigns viral, so this has actually made the media subject to a lot of doubts and anxiety.
But at the same time, one cannot deny the advantage of social media in terms of engaging in conversation with your various stakeholders, various addressable markets and of course to keep an eye on consumer sentiment on the brand. But the social listening of the concerned organisation has to be alert about which one is a genuine comment or which one or agendaised communication. It’s a full-time job, because social media to my mind has become a double-edged sword.
While it has a lot of benefits, there are also challenges in terms of the impact it can create through earned media because it’s easier to control paid and own media button but social media and its various other handles that can create a different kind of impact and pressure on the organisation for managing various task holders in terms of a brand’s reputation and and safety. Having said that, I must say that what is happening in the West may take time to happen in our part of the world but there are increasing concerns that are being discussed in the marketing fraternity about the efficacy of social media and whether it is prudent to have a better between various media to ensure that the brand safety is sustained.