5G will put the spotlight on digital and OOH advertising
EVERYBODY is excited about 5G. Be it governments, telecom operators, businesses, or the public. The technology has created a lot of hype — and most are sure it will live up to it.
Although 5G isn’t here yet and will likely take a few more months to make a debut in the region, it’s important for businesses to not only evaluate how it will help their business but also understand the impact it will make on their industry as a whole.
This is especially true in the advertising space. As soon as 5G makes a commercial entry into the marketplace, it’s going to create new and exciting opportunities for companies to reach consumers — via interactive and engaging advertisements.
Those that are prepared to leverage that opportunity will delight customers and wow them with innovative advertising that makes an immediate impact on revenues.
IoT can truly boost advertising ROIs
When a company works with a creative agency on a campaign, it’s hard for them to figure out the exact impact on their revenues. However, that is about to change with the arrival of the internet of things (IoT) in the advertising space.
Experts believe that the arrival of 5G will be the breakout moment for IoT devices, and if that’s true, it’s going to transform every digital billboard into an IoT device capable of interacting with customers and relaying back their interest — from time to time.
In fact, with the help of IoT (and other related technologies), advertisers will be in a better position to draw the correlation between an advertisement on a certain set of digital billboards and the number of customers walking into a store to buy their products.
All of this will, of course, be enabled 5G. It’s what will bring digital billboard to life.
5G will create video, AR/VR, and other digital ad opportunities
There’s enough and more proof that people enjoy watching videos more than anything else. It’s what their behavior on various social media platforms have proven and it’s the reason companies/products such as Netflix, Amazon Prime, and iFlix are doing so well today.
When 5G finally arrives, it’s going to make it easier to watch high-definition videos on the go. In fact, engaging AR/VR content will also become untethered and within reach in the coming months — intended for consumption while commuting in autonomous vehicles and on the train or bus ride home.
5G will also turn the screens in buses and cars into high-definition media-rich digital ad opportunities. Smart devices such as on-premise cameras and customer’s smartwatches could also be added to the mix.
All in all, tomorrow’s advertising campaigns need to be different from what we see today because it blurs the lines between physical and digital and gives omnichannel a whole new meaning.
Advertisers will need to up their game
“With more customer touchpoints, it could become even harder for marketers to design cohesive campaigns,” said ON Smart Media Senior Vice President and Chief Product Experience Officer Jason Kuperman.
“Advertisers will be competing in a complex new ecosystem and will need to find innovative ways to market their offerings through virtual assistants, connected devices, telematics displays and more.”
The connected media landscape that 5G will create tomorrow will provide innumerable opportunities to marketers.
However, in order to truly leverage those opportunities, they’ll need to embrace the complexity and focus on creating campaigns that not only resonate with the audience but are scalable as well as easy to translate across mediums.