| Talking about 'Brand Carat', Jenarius said that the
agency needed re-energising and the team was working towards it. Walker
on the other hand, started on an interesting note saying that if a
need were felt for new and effective channels of communication, it
would automatically mean that there was something wrong with the existing
ones. "But such is not the case. Changes are constantly happening
in the world of the consumers and marketers. So there is a need to
balance the needs of the local challenges versus the global challenges."
Walker further stated that the since the media was getting more
and more complex, there was a problem in catching the consumer's
attention as their attention was getting fragmented due to clutter
and interactivity via the digital revolution. "By 2007, 50
per cent of all media consumed by us will be digital media and that
may rise as high as 80 per cent by 2020. This is a radical change
from where we are today," said Walker. "Digital media
is not just about the Internet, it is also about digital TV, digital
radio. And that is going to be a radical change," he added.
The three ways of delivering the new media to the consumers were
stated as creative, technology and accountability. Walker stressed
that reaching the consumers at the right time and at the right place
was the key thing that marketers had to keep in mind. "The
impact of technology is such that today, the Internet is back and
its big and getting bigger. And interestingly the Internet commands
more viewership that television. Also short message service (SMS)
has established itself as a powerful personal medium," said
Walker.
Narayanamoorthy said that Carat was working towards breaking new
grounds in addressing media complexities and through a global survey
conducted in 2003, tried to find out the big issues that worried
marketers? Some of the crucial questions that came up were when
this issue was addressed were:
* How to best establish a powerful and different positioning of
their brands?
* How consumer segmentation was most critical to a company's success?
* How to maximise sales while positioning the brand?
* How to satisfy consumers?
* How to forecast the effectivity of the marketing activity before
it is implemented?
* How to judge that advertising was a better tool than PR, trade
support or promotions?
Narayanamoorthy said that there were no correct answers to these
questions, as they would vary from brand to brand and market to
market. He further went on to say that Carat had lined up a new
paradigm in planning communication in the form of supply tools that
would essentially help to decipher the complex environment to deliver
superior strategies. The tools that Carat already has in place to
this effect are: Tracer, Scheduler, Allocator and Fortuna. While
Tracer is a visualisation tool, Scheduler is an annual planner,
which helps Carat planners allocate investment over time and by
vehicle, and acts as a decision support tool. Allocator on the other
hand is a budget allocator across brands, target groups, geographies
and vehicles and works at the manual, user and factor planning levels.
The tool Fortuna works with QRPs (quality rating points) rather
than GRPs (gross rating points).
Elaborating further on QRPs Narayanamoorthy said that the current
method of measuring the efficacy of the television programmes leaves
a lot to be desired and that's where Fortuna comes in.
Coming to the web based tools that Carat had developed that would
generate ROI for clients were Carisma, Scheduler Exponential Database,
Break Analysis and Budget Setter. Also an array of new tools are
currently under development such as 'Carat Report', which will be
a post-buy tool based on central data warehousing. 'Combat' was
a neural tool under development, which would help in assessing the
competitive battlefield, and 'Assessor' was another tool that would
study the efficacy of each channels and vehicles used by the client
as part of the communication plan.
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