Thursday, December 30, 2010

Excited about 2011

Every year of the Digital Age produces exciting new technologies, bright industry superstars, and the purported decay or demise of some hereditary company, platform, or application that (in an earlier time) we previously could not live without. The only constant is change, as somebody probably said at some point while playing Space Invaders on his Commodore 64.

Even in the B2B world, where traditional ways of selling still reign supreme and early adoption is a dirty phrase, this past year has been one of evolution and innovation. In particular, there has been explosive growth in the use of digital technologies and social media for sales, marketing, and communications. The challenging business climate of the past couple years has resulted in very sharp marketers who know how to do more with less, always a key digital/social strength, and the improving economy has now created even greater opportunities for smart technology-driven initiatives.

This constant change is what excites me about 2011. Trends that are just now sprouting will blossom and grow in the coming year, and B2B marketing professionals will be in an excellent position to help clients leverage these evolving memes into sound business strategies for growth and market expansion.

Here are some of the things I look forward to in 2011:

Mobile keeps moving. The continued growth of mobile device use, especially smart phones, tablets, and other advanced platforms, will be a dominant story in the coming year. The ubiquity of consumer use will continue to cascade into the B2B world, as business customers come to expect the same capabilities and user experience as in B2C. Engineers and the R&D crowd have always been eager adopters of personal gadgetry, but in 2011 even the crusty traditionalists and old-timer sales reps will have advanced Blackberrys or even iPhones. The brands that provide a seamless experience on all mobile devices between web site content, email, social media channels such as LinkedIn and Twitter, and online video and audio media will have the competitive advantage.

Clients get real. This year I expect clients to become more sophisticated in their understanding of the potential business value of social media…and in what they can expect from these channels and the expert partners they hire. In the B2B world, Return on Investment is a key consideration for any expense. It is surprising to learn a recent survey found that less than 15% of surveyed companies measure ROI for their social media programs (SmartBrief, The State of Social Media 2010). That percentage will certainly increase as the buzz and resulting hyped desire to participate or get left behind, is replaced by an acceptance of social media as a mature marketing/communications channel that should be subject to the same measured consideration as any other. The ability to measure impact and demonstrate ROI will be key to continued growth of social media use for consumer brands as well as B2B.

The Cloud and the Crowd take over. From a technology perspective, the development of “Cloud” computing is almost as compelling as the growth of mobile. From the corporate Facebook page to Salesforce.com lead tracking to the branded YouTube channels, hugely important marketing, communications, and enterprise operation elements are now hosted completely outside of the corporate IT structure. This results in an unprecedented freedom of access for both audiences and employees, but also raises huge questions of security and risk management. Savvy technologists are thinking long and hard about ways to leverage the Cloud for business gain while mitigating the risk of loss of control.

In a similar vein, brands have lost a great deal of control because of the growth of social media which is fueled by the Cloud. Customers now communicate with each other about, with, and through the brand in ways they historically never could. Influential voices in an audience community now have power to directly impact brands with a broader reach than ever before.

However, this also means the learning from customers is now easier and more effective than ever, in particular with the use of social channels for almost real-time feedback and crowd-sourcing innovation. One thing is clear: brands have got to understand how to operate within the new reality to deal with both crowds and their angry incarnation—mobs--if they want to avoid public firestorms like those famously experienced by BP and Nestle in the past year.

This is a key reason why Public Relations professionals are very important in the management of social media: identification of influencers, and engaging them as champions, has always been a core PR competency. In an agency like Fleishman-Hillard, this is now coupled with expertise in social media technology and practice to create powerfully effective client programs.

One thing I know about the coming year: it is going to contain innovations and developments that nobody can predict. Something new will come along to fire the imagination and attract all the attention. The key is to be ready to decide whether and how a given splashy innocation can help a business succeed and grow, while still capitalizing on the evolving strategies and tactics of previous technological revolutions. That’s what really excites me about 2011.