Adtech’s programme "has its priorities wrong"
Adtech, the biggest conference in Australia for the digital marketing industry, has been accused of getting carried away with covering social media at the expense of what actually currently drives online business.
Liam Walsh, boss of performance network Drive PM, said the March event was getting its priorities wrong in its programme. Writing on his Talking Digital blog, he complains that the subject of search gets only one-and-a-half sessions within the two day conference, despite driving 40% of the industry’s revenues. He says: “Social media has five sessions. Five. In addition, there is one on Twitter (which does not have one dollar of revenue).” Meanwhile, performance marketing does not get any coverage at all.
He also points out that mobile gets a whopping three sessions, adding: “The two smallest segments of digital media get the most coverage in the schedule.”
He goes on: “The performance area is particularly important in a recession-affected global economy for obvious reasons. It is impacting the structure of the entire online display pricing systems. More importantly the revenue it attracts is expected to grow at over 40% this year. It will be no less than 15% of the sector.
Reading Liam’s original blog, I agree that AdTech does seem to be skewed towards social media however this year the AdTech Brain did provide a great way for the marketing community to have a say and vote for what it wanted to see. This article has prompted me to go back in and stir the pot about having more nuanced and sophisticated metrics – beyond simple immediate clicks and conversions.
One point I do want to address is that I don’t think it makes sense to exclude twitter because the company itself has yet to properly commercialise the medium. It would be like discounting word of mouth because there isn’t someone standing between me and the person next to me flashing a credit card ad in the airspace between us.
Twitter actually does make real money in the US market and has recenty come up with some promising monetisation strategies. Beyond that, Dell has used it as a direct sales channel, Zappos constantly launches promotional campaigns and tests business strategy, Lance Armstrong gets closer to his supporters by taking them along for the ride, Telstra BigPondTeam is very publicly reaching out and helping customers and (re)building brand equity and a certain African American used it as part of a strategy to engange, inform and mobilise an entire country of supporters.
Twitter is not the be all – end all but it does have the attention and participation of some pretty brilliant people. I for one want to learn from and engage with them. So I say kudos for AdTech for taking an informed punt on including a session for an important emerging platform.
Agree with Ian and would add that the past two Ad Techs have had alot of content on performance media and all of the booths seem to only concentrate on perfomance alone.
A good mix of informtation is essential, however,
if we are looking toward the future we do need to address what is coming up ahead dont we? Otherwise we arent moving the industry forward….
Agree that it may be skewed towards emerging media but isn’t that the point of Adtech?
As for the “lack of revenue, therefore not important” argument, remember it took Google nearly two years to start monetizing their traffic.