Frank Maguire, Chief Programmatic Coach, discusses insights and strategies in the video advertising industry, the shift from traditional TV to mobile devices and social channels, the importance of using all our senses for effective listening, exploring perspectives on greatness, and the importance of self-development and training in the programmatic space.
Adding captions to videos can greatly improve the effectiveness of ads in the changing landscape of video consumption.
The future of video consumption will focus on co-presence and shared experiences, particularly in virtual reality.
Deep dives
Consumer Behavior in Video Consumption
The podcast explores the changing landscape of video consumption and the impact on advertisers and media buyers. It discusses the shift towards watching videos on mute and the importance of adding captions to enhance the user experience. The podcast also highlights the attention problem with TV ads and explores strategies to retain viewers' attention. Additionally, it delves into the concept of co-presence in the future of video consumption, particularly in the virtual reality space.
Improving Ad Performance with Small Enhancements
The podcast emphasizes the significance of making ads fit in with the consumer experience. It suggests that even small enhancements, such as adding captions to videos or headlines to banners, can greatly improve the effectiveness of ads. The podcast mentions Share3's efforts in automatically adding captions to videos to improve comprehension and engagement. It also discusses the potential of incorporating interactive elements or relevant content to grab viewers' attention.
The Three Waves of Video and the Fourth Wave Prediction
The podcast explores the three distinct moments in the history of video that have shaped consumer behaviors. It highlights the first wave, when video consumption was focused on TV with open eyes and sound-on experiences. The second wave emerged with the rise of mobile devices and social channels, leading to decreased attention, sound-on rates, and single-screen focus. The third wave is characterized by the explosion of infinite feeds and the need to read captions for comprehension. The podcast predicts that the fourth wave will be driven by virtual reality and augmented reality, with a focus on co-presence and shared experiences.
Challenges and Hopes for the Future
The podcast addresses the challenges brought about by the pandemic, such as limited travel and the need for frequent testing. It expresses hope for a post-pandemic world where people can freely travel, gather, and return to a sense of normalcy. The podcast emphasizes the need for vaccinations and booster shots in order to combat the ongoing pandemic. It ends with a call to action to strive for a world where interactions and experiences can be shared without restrictions.