I’ve been at the IAB Annual Meeting for the last couple of days listening to the best in the biz talk about the great issues facing all of us in the digital media and marketing ecosystem. Despite the slowing growth in our sector and the abysmal economic climate, there is still a sense of energy, passion and immediacy in the room that I wasn’t expecting.
In part, I think this is due to some great leadership on the part of the IAB. Randall and Wenda have outlined in a very clear way the core challenges and opportunities for our space. They’re thinking big and it seems to me that publishers and marketers are beginning to agree on the challenges, at least, if not how to overcome them.
Wenda opened the conference with a plea for creativity in online advertising saying we must all move beyond the chokehold that metrics, clicks and DR mentality have had on online advertising (riffing on her now-famous “pork-belly” analogy). Via ClickZ:
Millard also took publishers to task for surrendering their inventory to third-party ad sellers and performance-obsessed agencies that don’t have their best interests at heart. She blamed ad networks in particular for driving down prices and diminishing the potential of the fledgling online ad sector, and she argued the primacy of “science and math” have put a damper on the creative potential of the still-young medium. Measurement “should be the sizzle, not the steak” when it comes to the value online media can generate for advertisers, she said.
And a few weeks ago, Randall quite literally penned a manifesto: “A Bigger Idea”: A Manifesto on Interactive Advertising Creativity. He outlines the four enemies of online advertising as he sees them, explores at length his call-to-arms, then ends the piece with this simple, but impassioned plea:
Let’s return to a time when advertising and media conversation was owned by the creatives, the editors, and the impresarios — when it was dominated by debates about the craft of persuasion, about what moves people. After all, isn’t that the reason we’re in this business?
We love to think big here at FM and we pride ourselves on identifying the next great idea and then making it happen. The bigger the better. It’s great to have industry leadership that does the same. Cheers to the IAB for putting on a great conference and, more importantly, for facilitating a genuine and productive conversation among peers.