2012/01/23
TBWA\HAKUHODO named “International Agency of the Year” by U.S. magazine Advertising Age
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"adtech" is drawing attention as one of the world’s largest ad technology conferences and "adtech Singapore 2011" focusing on the rapidly growing Asia-Pacific region was held on June 16 and 17, 2011. Haruko Minagawa, TBWA\HAKUHODO’s Touchpoint Architect, appeared on the stage as a panelist.
Hot topics including social and mobile media were discussed with "Embracing the Digital Frontier" as an umbrella theme. She appeared in the panel session titled "Where is Digital's GRP?" on the second day and developed the argument on the challenging theme, "What’s going to happen to digital GRP?" in the overseas market where cumulative contacts in the traditional mass media including TV are seen as GRP.
This session was regarded as one of the best sessions in the closing panel participated by the keynote speakers.
Below is her summary of the session.
From right
Moderator:
Bryan Tan, Chief operating Officer, Go React Pte Ltd.
Panelists:
Haruko Minagawa, Touchpoint Architect, TBWA\HAKUHODO
Kate Clough, Regional Media Director, MRM Worldwide
Julian Toi, Chief Executive Ofiicer, Brandscreen Pte Ltd.
<summary of the session>
In the good old golden days, there was a bulk of exposure and then revenue.
It was easy to say that there was a correlation between these two, and people believed in it. Or at least didn’t deny it.
It was difficult to explain how people’s minds changed and its effect on transaction. However, when ad exposure was accumulated in people’s minds at one point, people would make a purchase.
GRP was the rule to measure this accumulation and has since dominated the advertising industry.
And then digital suddenly came on stage. It didn’t just give the users a chance to speak, but it also gave the advertising industry numerous means of measurement, which allowed us to actually ‘count’ the transaction.
It seemed as though digital was a far better explanation to revenue, and in these depressed times, being able to explain your performance meant a lot. However, digital ad spend still hasn’t grown to the ratio of the time spent on the medium. The digital advertising people have been looking for the holy grail of currency to expand the digital spends.
Will GRP be replaced? If so, what currency will replace it?
Having lived in the digital era for some time now, we know that it is not a matter of "Traditional GRP vs. the New Digital Currency".
We know that GRP works, and there still is a necessity of some sort of index to generalize the numerous data.
It was a challenging topic, and we knew that there was no solid answer to it.
The ‘techy’ people challenged us by saying that "GRP is dead", however, they couldn’t give us an alternative either.
One measurement that the panelists all agreed on to look into was ‘the time spent’, but there are still various values in this metric, too.
It was a great panel where the panelists and audience all came together regardless of their fields in traditional or digital, and felt the necessity of being able to provide a better explanation from a point of view of marketing.
(Haruko Minagawa, Touchpoint Architect)