Topic: | Building Winning Brands in the Digital Age and Strategy Innovation |
Date/Time: | Tuesday 12th July 2016 | 0830 - 1730 Hrs |
Venue: | Oak Room, Cinnamon Grand |
Host: | Lakshaman Bandaranayake | Founder, Publisher | Lanka Business Online [LBR LBO] |
Inquiries: | Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 General | summit@lbo.lk | 071 466 0060 |
Registration fee per participant: | Individual or groups of less than 5: Rs. 13,900, Groups of 5 or more and up to 9: Rs 13,200, Groups of 10 or more: Rs 12,500 (Pre VAT & NBT) |
Digital Booklet (4 MB)
Description
One of the biggest misconceptions about digital marketing is that it’s only important for Internet or tech companies, or people with coding and design experience. Harnessing the power of digital marketing is a priority for every business. In fact traditional companies in traditional industries deliver 75% of the digital economy.- Digital Minds, 2015 MARKETING EVOLVES WITH TECHNOLOGY
Development of transport technology enabled distribution of manufactured goods to far-flung places on earth, expanding markets, building volumes and in turn achieving economies of scale that helped drive down prices. Television enabled filmed advertising with compelling creative propositions, which stimulated consumer demand for goods and services. Fixed line telephony facilitated telemarketing. Structural database enabled loyalty marketing.
Today Internet has enabled web based and always-on commerce, seriously disrupting the exiting retail marketing models.
100-YEAR-OLD MASS MARKETING MODEL IS CHALLENGEDThe conventional models of consumer behavior assume that consumers traverse along a linear journey from getting to know a brand to ultimately purchasing it and then possibly repeating the purchase. It is also assumed that consumers are perfectly rational people and are capable of evaluating large number of possibilities available in a perfectly rational manner.
When practicing traditional marketing, marketers have access only to a narrow range of tools – largely limited to mass media communication, mass physical distribution, in-store presence, event associations and sponsorships and direct selling. Using such tools marketers construct physical and mental distribution for brands. Physical distribution makes brands easily accessible to shoppers and mental distribution creates propensity to purchase. A sale is expected to take place at those moments when the physical and mental distributions converge.
The advent of digital technologies has altered the brand and consumer relationship in a totally unexpected and unprecedented manner. Instead of relying largely on messages crafted by the brand owners, digital allows the consumer to tap into unlimited non-commercial sources of information at their own convenience.
Today, the traditional mass marketing model used in building brands is facing a grave danger of becoming irrelevant.
Take the hospitality industry for example; instead of relying on the website of a hotel, prospective guests can tap into information stream crafted by past guests on Trip Advisor. Similarly peer reviews on digital gadgets help establish a realistic picture of an authentic user experience much more than a message crafted by a brand owner.
Instantaneous cross border access to real-life authentic brand experience of large number of fellow customers helps compress the brand discovery and conviction journey, to a very short period of time.
Whilst posing many challenges to marketers, digital has also opened up a vista of new opportunities to build customer engagement. Data science, social, mobile, artificial intelligence, Internet of Things and cloud computing etc. offer new opportunities and many different routes and combinations of routes to building brands in the digital age.
Mastering and leveraging digital is key to building winning brands in today’s competitive and always connected world.
THE PERPETUAL EXPERIENCE ENGINE: BRANDS IN THE DIGITAL AGEThe advent of digital technologies has altered consumer attitudes and behavior resulting in disruption of the existing traditional mass marketing practice. The online experience is much more intimate, fast paced, personal and deep-rooted than the offline experience.
The noteworthy emerging trends include always-on multi-screen behavior; primacy of social content (over professionally produced content); intimate mobile behavior; declining share of TV in content consumption and 24X7 ecommerce.
Universal mobile penetration and fast rising penetration of mobile broadband have given an unique opportunity to every consumer to broadcast her own experience and perspectives to a broader community. Each mobile user now could simultaneously play multiple roles; a mobile sensor, receiver of information and a transmitter.
What’s the implication of mobile enabled consumer?
Depending on the quality and intensity of her/his relationship with a brand, she/he could become either an advocate of the brand or a hater, who now has the power to influence people beyond her/his immediate acquaintances.
Offline brand experience is sporadic and discontinuous. Contrastingly, given the above scenario, online brand experience is always on, thus making a brand a perpetual experience engine.
LBR LBO Brand Summit will focus on leveraging digital to build winning brandsRay Kurzweil predicts, in thirty years, human beings will be able to upload a copy of their mind to a hard disk. (Yes, he is the guy who correctly predated that a computer would beat the best performing human chess player before 2010. So don’t take him lightly)
That shows how rapidly digital will progress in the future, at an outrageous pace. And if businesses fail to adopt digital in the same pace, there is not only a risk of being left behind but also being completely beaten and bulldozed by more digitally savvy companies.
No matter what business and industry you are in digital exists in a constant state of flux and will continue to have a major influence on the way winning brands are built.
The path to building winning brands in the age of digital is still being discovered and is constantly evolving.
With this in mind, we have designed the 2016 edition of LBR LBO Brand Summit to help participants understand the nature of emerging digital technologies that are creating sweeping transformations in the enterprise landscape and how brand builders could leverage such technologies to build winning brands in today’s connected and competitive economy.
LBR LBO Brand Summit- Twenty five thought leaders on stageAs in the past, the Summit will see over twenty-five thought leaders from here and abroad representing multiple industries taking the stage in five thought provoking sessions.
Agenda
0730 - 0830 | 60 | Summit materials pick up, standing breakfast | |
0830 - 0845 | 15 | Summit Curator's Overview / Opening Remarks | |
0845 - 0910 | 25 | Opening Keynote - “The Suicidal Brand Manager" | Charulata Ravi Kumar / Razorfish |
0915 - 1100 | 105 | Session 1 | |
The Internet of People: How to Engage with Customers in the Age of Digital | Chair: Imal Fonseka, Ceylon Biscuits | ||
20 | Meaningful marketing moments: engaging the connected consumer | Zoe Lawrence / TNS Asia Pacific | |
20 | Building Omni Channel Customer Experince with Digital | Joe Milward/3M, Sydney | |
15 | Being Liquid: Marketers in digital age must ebb, flow and adapt | Vidya Sivarajah / Fonterra | |
50 | Panel discussion | All the keynote speakers will join the panel | |
1100 - 1110 | 15 | Tea break | |
1110 - 1315 | 125 | Session 2 | |
How Mobile and Digital Manage Customer Experiences | Chair: Rohan Jayaweera / Antyra | ||
20 | Leveraging mobile for digital advantage | Supun Weerasinghe / Robi Axiata | |
20 | Future of Digital Planning & Programmatic Buying: What It Means to Brand Builders | Atique Kazi/ Xaxis/groupM, South Asia Region | |
20 | Is eCommerce gaining traction at last? | Naresh Sathasivam / Digital Commerce Lanka | |
20 | Leveraging social in building deeper customer engagements | Sunil Senapati / ORACLE | |
45 | Panel discussion | All the keynote speakers will join the panel | |
1315 - 1400 | Lunch | ||
1400 - 1540 | Session 3 | ||
100 | What Marketers Really Need to Know About Data Science | Chair: Kumudu Gunasekera | |
15 | Emerging Concept of Data Science in the Context of Customer Engagement. | Rohan Paulas / London Stock Exchange Group | |
15 | Leveraging data analytics to build personalized customer relationships | Manuja Kasthuriarachchi / Neotenicity, SocialRoo | |
15 | Optimizing marketing investment using data science | Ramesh Sundararajan / InsightAsia, Singapore | |
55 | Panel discussion | Ajith Salgado Head of IT of Sampath Bank/ | |
1540 - 1600 | Tea/Coffee Break | ||
1600 - 1740 | 100 | Session 4 | |
Building Brand Communication Strategies in the Digital Age | Chair: Alyna Haji Omar / JWT | ||
25 | "Building Digital Brand Communication Platform" | Daniel Posavac / Bonsey Jaden, Singapore | |
25 | Key to creative success: innovative execution, smart content & mobile awareness | Carlton D'Silva / Hungama Digital Services | |
50 | Panel discussion | All the keynote speakers will join the panel Zoe Lawrence / TNS Asia Pacific & Charulata Ravi Kumar / Razorfish | |
1740 - 1750 | 10 | Summit Curator Overview | |
1750 - 1900 | Networking Reception |