the freaky future of digital marketing - by craig boyte

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Page 1: The Freaky Future of Digital Marketing - By Craig Boyte

Thank You, Summit Sponsors

Page 2: The Freaky Future of Digital Marketing - By Craig Boyte

Thank You to Our Design Track Sponsor

Page 3: The Freaky Future of Digital Marketing - By Craig Boyte

Wi-Fi Network Information

Network: MIMA 2015

Password: DisruptMIMA2015

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THE FREAKY FUTURE OF DIGITAL MARKETING

Craig Boyte, Bluewater

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AGENDA• Who is Craig?• When science and marketing meet • Basics• Current research• Examples• Holograms• Where is this going?• Ethics

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WHO IS CRAIG?

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WHO IS CRAIG?

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WHO IS CRAIG?

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WHEN SCIENCE + MARKETING MEET

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Big Data was so 2015 (or 2014, or 13, or…)

We want into the actual brains of consumers

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CONSUMERS…don’t think a lot about what they buy

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CONSUMERS…but marketers focus on providing

information

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CONSUMERS…don’t pay attention to advertising

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CONSUMERS…but marketers try to attract attention at any cost

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CONSUMERS…don’t accurately remember our messages

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CONSUMERS…but marketers are obsessed with

measuring recall

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CONSUMERS…don’t have conscious access to their mental state

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CONSUMERS…but marketers continue to ask them what they’re “really” thinking

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WHY NEUROMARKETING IS IMPORTANT:

Marketing to the conscious mind only works about 10% of the time

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WHAT DOES THIS TELL US?

Marketers are choosing methods that work a fraction of the time

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WHAT DO WE NEED TO DO?

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GET INTO THE MINDS OF OUR AUDIENCE!

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THE BASICS OF YOUR BRAIN

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NEW OR “HUMAN” BRAIN

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MIDDLE OR “MAMMALIAN” BRAIN

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OLD OR “REPTILIAN” BRAIN

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WHAT IS NEUROMARKETING?

The practice of using technology to affect and measure brain activity for marketing.

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BASICS OF NEUROMARKETINGNeuromarketing looks at ways to influence and measure the middle and old brains

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BASICALLY:

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BASICS OF NEUROMARKETING• Techniques include:

– fMRI (Functional Magnetic Resonance Imaging)

– SST (Steady State Topography)

– EEG (Electroencephalography)

– Eye Tracking

– Galvanic Skin Response

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MARKETERS AND NEUROSCIENTISTS ARE INCREASINGLY WORKING TOGETHER

Harvard Business School

Emory University

Stanford University

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HUMAN VALUES

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CONSCIOUS AND UNCONSCIOUS VALUES

According to researchers at Adelphi University

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CONSCIOUS VALUES ARE:

Helpfulness

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CONSCIOUS VALUES ARE:

Choosing Our Own Path

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CONSCIOUS VALUES ARE:

Meaning in Life

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UNCONSCIOUS VALUES ARE:

Security

according to researchers at Adelphi University

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UNCONSCIOUS VALUES ARE:

Honoring Tradition

according to researchers at Adelphi University

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UNCONSCIOUS VALUES ARE:

Sexual Fulfillment

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THIS ISN'T NEW…

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WE’RE STILL DOING IT NOW

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NEUROMARKETING IN ACTION

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NEUROMARKETING IN ACTION

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BRANDS USING BRAIN SCIENCE Frito-Lay studying female brains

Giltor

“Gilt Free”Healthy

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BRANDS USING BRAIN SCIENCE

The Weather Channel used EEG, eye-tracking and skin response techniques to gauge reactions.

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BRANDS USING BRAIN SCIENCE Google used biometrics to determine which ads are more effective: overlay vs. pre-roll

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BRANDS USING BRAIN SCIENCE Microsoft mining EEG data to judge reactions to screens and software

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HOLOGRAMS IN ACTION

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THE GOAL: ELECT MODI

The Challenge: How to attract young voters

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THE SOLUTIONUse social, traditional, games and technology

From September 2013 – May 2014In person rallies: 437

3D rallies: 1350

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THE RESULTS: Modi won by a landslide with the highest voting rate in the history of Indian elections.

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WHERE IS THIS GOING?

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NEURO AND ‘BIO’ DASHBOARDS

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WHO IS “HOT” FOR YOUR PRODUCT?

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MIND READING MACHINE AT BERKELY:

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WHAT DOES THIS MEAN FOR DIGITAL MARKETERS TODAY?

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TOP FOUR CHANGES IN DIGITAL MARKETING

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1. MARKETERS WILL LOOK FOR IRRATIONAL BEHAVIOR TO UNCOVER TRUE MOTIVATORS

• Examine things that shouldn’t have worked – but did

• Jumps to odd pages

• Sudden purchases that don’t follow normal conversions

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2. DIGITAL MARKETERS WILL BECOME PSYCHOLOGISTS

• Forget A/B testing

• To test campaigns we’ll use technology like:

• fMRI• Thermal • EEG

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3. BRANDS WILL INCREASINGLY ADD RESEARCH LABS TO THEIR CAMPUSES

Digital marketers will work directly with scientists to uncover reactions and attempt to stimulate wanted behavior via the unconscious

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4. WE’LL KNOW HOW TO TRIGGER THE “OLD” BRAIN

Using emotional triggers

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WHAT DOES THIS MEAN FOR ETHICS?

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ALL RAINBOWS AND LOLLYPOPS?

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SADLY… NO

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EXPLOITING PEOPLE?

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NEW CHALLENGES FOR MARKETERSWe’ll need to develop new marketing ethics.

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WHAT HAPPENS TO PRIVACY?Does privacy exist if we can track what’s happening in a person’s body or brain?

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WAY OUT THERE

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OTHER TRENDS COMING• Scientists have already achieved a

teleporter system just like on Star Trek (sort of)

• We may even be able to back our conscious mind INTO THE CLOUD by 2045

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MY LAST PREDICTION: Holograms will become the trend for marketers.

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CRAZY TIME TO BE ALIVE