Tag: Karthik Nagarajan

  • Wavemaker India appoints Karthik Nagarajan as Chief Content Officer

    By A Correspondent

     

    Wavemaker India has announced the appointment of Karthik Nagarajan as Chief Content Officer. Nagarajan will lead product development and growth expansions for the content vertical at Wavemaker India.

    In his new role, Nagarajan will be working closely with Kartik Sharma to build and integrate content, creative and technology services. Prior to joining Wavemaker, Nagarajan led the content practice for GroupM, where he helped agencies evolve the content product into one that is digital by design and data-driven. He was pivotal in building a strong case for content for GroupM, within the industry. In the new alignment, Quasar – the creative & technology agency will also report into him.

    Commenting on the appointment, Kartik Sharma, Chief Executive Officer, Wavemaker – South Asia said: “Content is at the heart of our value proposition along with media and technology. These three pillars drive our Rapid Growth Planning agenda. With Karthik coming on board, I am confident we will be able to elevate our content narrative through his vision and drive growth and innovation.”

    Speaking on his move, Nagarajan said: “Content has given brands an opportunity to create occasions of conversation, that are relevant to the purchase journey. We are at an inflection point in the business of content in India, where brands have a unique opportunity to not just ride this wave but also shape this industry. And I firmly believe that Wavemaker is uniquely positioned to drive this change for our clients.”

  • GroupM hosts branded content initiative for clients

    By A Correspondent

     

    GroupM has unveiled ‘Brew’- its premier content upfront event, exclusively for clients. This day- long event brought together several leading partners from the content industry and over 150 brand managers and marketing heads, across categories. Industry stalwarts such as screen writer Juhi Chaturvedi and Sports journalist Harsha Bhogle were among those who took the stage.

     

    The ‘Brew’ line up was a mix of formats that included TV, Radio, Digital video and also native content. Presenters included Digital content specialists YFilms, TVF, Arre, Qyuki, OML, Conde Nast, TV Channels MTV and the Star Network, radio channels Radio One and RED FM, and native platforms Firtpost, Mycity4kids, and DailyHunt. Over 20 presentations were made in the course of the day and clients had the option of going online and registering their bid for it immediately after a presentation. The collective worth of the properties presented at Brew 2016 exceeds INR 65 Cr (about $10 Million). Each of the properties have been bid for by multiple clients.

     

    Branded content, especially on digital is at a tipping point in the Indian market and GroupM estimates this sector to grow manifold. Over the last many years, GroupM has invested in creating a specialist team that works closely with clients to deliver branded content that impacts business goals in a significant manner. “There is a dire need for brands to stay relevant beyond campaigns and we see branded content bridging that chasm,” says Tushar Vyas – Chief Strategy Officer, GroupM South Asia. “It is critical for brands to invest in content across the calendar, to keep the conversation going”.

     

    “While our endeavour is to strategise and manage the branded content calendar for our clients across the year, Brew is a critical property as it evangelizes an upfront culture in the country, which currently does not exist” says Karthik Nagarajan, who heads the content practice for GroupM India. “The 20 ideas that were presented on the day were shortlisted from over 300, so they could be most relevant for the brands in the room. Brew will be curated as the first stop for premium content in the market.”

     

  • Day 2 of IAMAI Marketing Conclave: The Digital story continues

     

    By Anuka Roy

     

    It was the twelfth edition of the Internet & Mobile Association of India (IAMAI)’s annual marketing conclave. And as the proceedings concluded on Thursday, some of the takeaways from the two-day event were: focus on context and content, understand your target group, utilise social media tools properly and mobile marketing will be the next big thing.

     

    The digital storytelling journey continued on Day 2 of the Conclave. Saurabh Varma, Chief Executive Officer- South Asia, Leo Burnett Group, carried forward the topic of ‘Art of Storytelling with Digital Marketing’, which was touched upon a little on Day 1. In his presentation, Varma emphasised on the point that organisations need to find a purpose and once they find that everything falls in to place. He also cautioned that in the process of getting the act and purpose right, brands sometimes become too noisy while implementing their plan, which should be avoided. “We need more human brands, especially in digital,” stated Varma. He focused on the need for the right content and context, which eventually helps a brand to be successful. This was explained through two videos, one by Gatorade which paid tribute to a retiring baseball player and the other was Bajaj V, which showed motorcycles being made from the metal of, now dismantled, INS Vikrant. By giving examples of these two videos, he tried to reason that if the context and content of the brand are in proper place, everything gets going for a brand. Varma also spoke about ‘Functional integration’, something which is followed in his company and it pushes agencies to focus more seriously on client needs. He also pointed out that Social tools need to be used more efficiently.

     

    In a marketing conclave which has been mostly dominated by discussions about digital marketing, how can a discussion focused on social media not take place? Karthik Nagarajan, National Director- Content and Social Media, GroupM moderated the discussion on ‘Social Media- Marketing through Videos’, with Sameer Pitalwalla, Chief Executive Officer, Culture Machine, Malay Dikshit, Chief Communications Officer, Tata Sky, Vijay Nair, Chief Executive Officer, Only Much Louder and Shreyas Rao, Senior Vice President, #fame as his panelists. Before the discussion, each panelist made a short presentation on the same topic. Pitalwalla presented the case study of ‘Being Indian’- a brand which they are associated with. Through the case study he showed how this brand expanded using different social media platforms. Taking the unconventional route, just like the videos that Nair’s company makes, he chose to just talk about the topic rather than showing a PowerPoint presentation. Jain stated, “Creators are going to be the agencies themselves and content marketing should not be confused with advertising.” Dixit’s presentation highlighted the fact that very soon traditional media platforms will merge with internet. The presentation ‘Video is the new text’ by Rao showed how just through videos and live video streaming his company made an impact within one year of its launch. The panelists agreed to the attention required for correct content and context, just like Saurabh Varma did in his session. Another very important change in today’s scenario that surfaced in the discussion was that due to the plethora of digital platforms, consumers give their feedback almost immediately and they can be brutal. So, brands need to be very careful about what they are offering. This pre-lunch discussion definitely gave the audience some great food for thought.

     

    The session on ‘Programmatic Marketing- Make the best out of it’ was moderated by Nadeesh Ramachandran, Vice President- Sales and Strategy, Vserv. The panelists of the session were Ashish Sahni, Head- Digital Marketing (Passenger Vehicle Bussiness Unit), Tata Motors, Manish Kalra, Chief Business Officer, Craftsville.com, Hitesh Malhotra, Chief Marketing Officer, Nykaa and Henry Stokes, Vice President of Client Development- APAC, Xaxis. When the moderator asked the panelists to define programmatic marketing, Kalra was quick to reply, “It is a jargon and basically, the use of technology that enables marketers to target right people at the right time.” The discussion was mostly about how advertisers should know their audience and should be clear about the target group. This discussion was carried forward by Stokes, who made a presentation about the same topic immediately after the discussion, explaining the concept of ‘Programmatic Marketing’ more extensively. “Take control, by defining and managing your own target audience,” he said in conclusion.

     

    From programmatic, the discussion moved to ‘Performance Marketing- pay for outcomes only’. The post-lunch session moderated by Siddharth Puri, Chief Executive Officer, Tyroo with panelists Sevantika Bhandhari, SVP- Marketing and Head Products, DHFL, Shivani Dhanda, Director Marketing, eBay, Nikhil Rungta, Chief Executive Officer, Housing.com, Venkatesh C R, Chief Executive Officer, Adatha, Atit Mehta, VP and Head of Media, Sequoia Capital and Vivek Singh, Sr VP- Marketing and Analytics, Firstcry, made sure the audience was attentive through their insightful discussions. Dhanda and Singh had contradictory opinions on the definition of Performance Marketing, as the former said: “From eBay perspective, performance marketing is when you are paying for a click or the end transaction that takes place, while negotiating with a vendor, the performance metrics come in to play” while the latter opined: “Performance marketing is the process in any kind of marketing. It is about having an end goal while using any form of performance marketing.” The discussion concluded with each panelist giving their view on what they will be discussing about in a year from now, the common consensus was “about integrated marketing devices.”

     

    The last panel discussion was quite a fiery one, with quite a few contradicting views on the topic ‘Using mobile marketing to build healthy brands’. The session was moderated by Chandranshu Mishra, Consultant, Tata Strategic Management Group and the panelists included Ritza Trivedi, Director- Marketing India and South Asia, Visa, Uday Sodhi, Executive Vice President and Head- Digital Business, Sony Pictures Network, Anuj Kumar, Co-founder and MD, Affle, Martin Nygate, Founder and Chief Executive Officer, Gentay Communications and Lavin Punjabi, President, Affinity. While discussing about mobile advertising, Nygate said that his company conducted a survey which should people are annoyed by mobile advertising. “We believe the industry is in crisis,” he said. Kumar disagreed and said, “I do not buy the survey. The data consumption aspect in terms of mobile ads is overrated. This platform is giving free content.” Punjabi was quick to ask in reply to the statement, “Are viewers ever going to be ready to pay for content?” But everyone agreed to the fact that the future of mobile advertising is brand and eventually the obstacles of this platform will go away. “Mobile content is getting very exciting now. It allows you to communicate to the individual directly. It is the fastest growing space in the advertising ecosystem.”

     

    Day 2 also had three case study sessions taking place parallel to the panel and individual sessions. The case study session on ‘Building a brand on digital’ was taken by Anindita Chatterjee, Senior GM Marketing, Spaces and Ajit Nair, Region Head, Quasar. ‘SME Advertising Market- Big opportunity, bigger challenge’- case study session was taken by Samir Chaudhary, Co- Founder, The Media Ant and another session was taken by Priya Jayaraman, Co-founder and Business Director.

     

  • Will it B #Sale ya #Fail for Etailers?

     

    By Ravi Balakrishnan

     

    How brands and big box retailers prepare for festive seasons or sales is, by now, an oft-told tale: extra staff come on board for just a few days, months are spent negotiating exclusive deals, there’s a ‘no-holidays-during-the-holidays’ rule for regular store hands and the shifts stretch from 6 AM to midnight.

     

    But what of India’s leading ecommerce players? Apart from throwing in discounts every day, many of them are remarkably susceptible to isolating one day (or three) a year when they hope the largest chunk of money spent online by Indians will be on their sites or apps.

     

    Flipkart’s founders were preparing for a bigger, better ‘big billion day’ as far back as January this year. It wouldn’t surprise us if in the last three months of 2015, there’s a grand orgy of conspicuous consumption, complete with “never before” deals on the apps and sites of Amazon, Flipkart and Snapdeal.

     

    Online sales have existed for a while: Citibank’s OMG Sale and the Google Online Shopping Festival, for instance. But the one that’s most recalled for reasons good and bad is Flipkart’s Big Billion Day sale last year. It was online Darwinism at its finest. Those with fast net connections, twitchy fingers and instincts honed by last minute bids on Ebay fared well. The ones who were disappointed — and it felt like there were at least a billion — fumed and fretted online till the Flipkart’s Bansals felt compelled to apologise. So, what are etailers to do as they prepare to serve another big billion?

     

    Be Ready For Literally A Billion Transactions

    Etailers cannot make grandiose claims of serving a billion and then not have the computing power to deal with even half that number. Whether online or offline, infrastructural readiness counts for a lot. Overseas, the main motivation for such sales is offloading stock.

     

    In India, it’s to get a larger number of people shopping online. Their first experience needs to be memorable. Error messages and products disappearing from shopping carts don’t make for great memories. Rajdeep Endow, MD, Sapient, observes, “No amount of advertising can bridge the gap in how long a product is available for. It’s better to have a live clock ticking, counting down the duration of the deal rather than people finding inventory is over.”

     

    Throw mobile-based apps into the mix and things get a lot more complex. On the one hand, there’s a walled garden of data to be mined. Observes Kumar Subramaniam, co-founder, Zero:Zero: “We know if the app’s been used to search for shoes, if the purchase was made, if there was an exchange, etc. The ecosystem is rich and etailers are just scratching the surface.” Which brings us to its biggest problem: complex user interfaces with lots of scope for unintended button mashing.

     

    Subramaniam admits, “Shoddy UX is a big issue that is unaddressed. I guess it’s more painstaking than splurging crores on an ad campaign.” While still on apps, Harshil Karia, MD, Schbang, believes there’s a case to be made for them using data optimally and “compression and resizing of images is a must.”

     

    Make Shopping Social

    Even online shopping is not a lonesome experience in India. There are phone calls made, links shared, and parallel teams of friends, family and colleagues tracking prices on other sites.

     

    Ajay Kelkar, co-founder and COO of Hansa Cequity suggests, “I don’t know how many of these sites rely on augmented reality or apps that allow you to share information or deals with friends and family.” He suggests using augmented reality to create a social sharing experience. For instance, trying out a muffler or scarf and buying it off the app instead of going to the store. He believes, “If tech platforms move from managing high volumes of transaction to better experience that would be a game changer.”

     

    Rely on Big Data. But Not Just On Big Data

    According to Karthik Nagarajan, national director – content and social media, GroupM, “Data influences almost 40% of orders received by the larger players.” While the most obvious use is recommendations, Endow says it’s globally harnessed to project demand and make sure etailers have the infrastructure to meet it, or to create or optimise real time campaigns. Throw in external data and it allows for a more compelling sales pitch. Kelkar observes, “For Ajay a Maharashtrian in Kolkata, Ganesh Chaturthi maybe more important than Durga Puja. It is a more personalised expression of an offer.”

     

    Have a Good Explanation Ready For The Backlash

    The apology from Flipkart last year was heartfelt but it’s unlikely to have the same impact if used again. There’s always going to be backlash and etailers need to work out what they are going to say well in advance. Consider the number of attackers: Disgruntled customers frustrated by a slower than the norm delivery. Vigilant shoppers tracking whether an etailer inflates prices before discounts. Online smartasses who live for the chance to poke fun at etailers and their dodgy selections – run a search for Hilarious Reactions to the Amazon Prime Sale, if you don’t believe us. Also the parameters of success or failure need to be defined. If stock has sold out, it’s a success, in spite of what angry online critics may say

     

    Try To Do Things Differently

    At some point, etailers need to figure out if they are really building brands or just coming through as an undifferentiated mass of deal providers. Nagarajan admits, “I’m not sure how much unaided recall people have on one sale against the other since they all come at you via newspaper ads or TV commercials.” One way of making things memorable is by opting out of the big sale rat race. Kelkar suggests: “Like credit card companies give pre-approved offers what stops etailers from giving me preapproved sales rooms?” Given they are not as time bound as brick and mortar stores, it’s entirely possible to have a personalised sale for every customer, perhaps on their birthday. Kelkar says, “It allows people to experience the site in different ways at different times: to fragment the base, from all users coming at the same time for price-offs.” However this approach discounts a very critical aspect: Scoring a deal few others got, that many were in the running for. The bragging rights that accompany buying a Rs 40,000 camera for half the price are often a bigger draw for a consumer than a consummate love for photography.

     

    Source:The Economic Times

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