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North Peak Capital LLC
Distance: 0.1 Mi300 Park Ave Ste 1700
10022 New York -
XRoads - Corp
Distance: 0.1 Mi400 Madison Ave Fl 3
10017-1993 New York -
Welsh, Carson, Anderson & Stowe
Distance: 0.1 Mi320 Park Ave Ste 2500
10022 New York -
Health Enterprise Partners
Distance: 0.2 Mi360 Madison Ave Fl 5
10017-7146 New York -
Ashton Benefits
Distance: 0.3 Mi420 Lexington Ave Rm 638
10170-0638 New York
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This article by RAPP India President Venkat Mallik appeared in Hindu Business Line, one of India’s largest dailies: Wonder if you have managed to look at the Advertising Age’s Family Tree 2010 report? It has a few things that you may have known of before but it’s worth looking at those statistics with a new lens. Did you notice that Ogilvy One is bigger than O&M Advertising globally? The other two large direct, digital and data-driven companies — Wunderman and RAPP, are also larger than O&M Advertising? Wunderman, Ogilvy One and RAPP are each at least twice the size of Lowe & Partners globally. This way of juxtaposing the data will certainly raise the hackles of a few purists but it’s just a startling truth about the rising influence of direct, digital and data-driven companies in the new world of marketing. Companies like these are also more likely to get picked to be part of the club of agencies that bring in the largest amount of new thinking and innovation into the world of marketing. Quite obviously, the growth of these companies reflects the very real and substantial move of marketing and communication budgets towards measurable result-oriented solutions. The world does want to know what happened to that other half. The recent recession and the rising power of digital as a measurable and viable one-to-one marketing tool, is only going to drive this further. A number of new age communication thinkers believe that in the new age of marketing, agencies that are not data-driven and digitally capable will cease to exist. The new report from Interpublic’s MagnaGlobal essentially predicts that globally online advertising will grow to be No 2 after TV, dislodging print advertising from that position. The global online advertising industry will grow to be $103 billion by 2015. Meanwhile, there is a Group M report that estimates that online and mobile spends in the UK will be larger than TV and print in 2010. This is now. The rise of digital is certainly a pattern which everyone has been talking about for sometime — now it’s reaching an all new scale. While the advertising world continues to vigorously blog about the impact of paper turning to glass it’s just a matter of time before much of TV starts getting delivered through the Internet. The recent PricewaterhouseCoopers report on entertainment and media predicts that China will overtake Japan as the world’s second largest market. The rise of Asia will bring in substantial shifts in the way products, brands, services and, therefore, marketing concepts are thought about. If China gets there can India be far behind? The impact of these patterns is already being seen in communication thinking across the world. First, in the post-recession period, clients are being held accountable for driving behaviour change rather than changes in attitude among their customers. So classic communication thinking, which has traditionally focused on attitude shifts with a half blind eye towards behavioural changes, is going to find it tougher and tougher to command the marketing dollar. A flurry of new concepts and metrics is entering the communication lexicon driven by data and digital thinking.