The “Internet of Things” is exploding. It’s made up of billions of “smart” devices — from minuscule chips to mammoth machines — that use wireless technology to talk to each other. Our IoT world is growing at a breathtaking pace–from 2 billion objects in 2006 to a projected 200 billion by 202. SOURCES: IDC, Intel, United nations:
The Internet of Things is beginning to drive the tech industry and soon the marketing and media sector. You need look no further than this year’s CES to see the trend unfold. At the same time, social media is losing luster in the eyes of traditional technologists and marketers.
The Internet of Things incorporates Internet capable sensors into many objects in day-to-day life, including current electronics but also new unthought of ones (like refrigerator magnets).
iStrategy Labs’ Peter Corbett recently noted that Internet of Things trend was becoming a powerhouse in marketing: “If you’re a communicator and you’re not at least conversant in what’s going on in that space you’re at a dramatic disadvantage. With this technology you can build anything from a James Bond style bookshelf opener to a Spongebob Skill Crane that you can play with over the Internet.”
From a marketing perspective, the Internet of Things allows incredible new possibilities for precision. Connected ads allow brands to serve content based on someone’s demographics as determined by their physical body or the data they willingly surrender via social media, mobile phones, and web cookies. Unique applications can be created (like pizza delivery by pressing the aforementioned refrigerator magnet), or apps like Nike’s sensor-driven Fuelband.
He goes on to share:
It’s not that businesses won’t continue spending on social or that PR people/community managers will be out of work. Far from it. Social isn’t going anywhere. In fact, it’s a primary driver of data needed for contextual media and word of mouth trust. Social remains a valuable asset for companies.
It’s just that, well, social media marketing is not new anymore. You could argue that companies are in the learning phase, but last I checked they were still determining how to build a decent website, too.
Although I’m in agreement with Livingston that social isn’t going anywhere, I do wonder how companies like ours, can keep up with the trends and yet still remain true to our Brand Promise. How are we able to continue to make those personal connections; to remain change agents. I asked Livingston, “what can you share with current social media marketing experts who may have no clue how to wrap their brains around the concepts you shared in your blog? You say “social” isn’t going away but surely strategist will need to think about how they continue to market. What should they be doing right now to remain relevant and on top of things for their clients?” Livingston replied:
I think social media marketers need to focus on how and where their interactions impact the customer acquisition lifecycle. We know now that social is not just top of the funnel, but actual a medium that touches various points. Where do you fit in, and how do you make sales increase?
At Campaign Consultation, we are committed to making an impact as social change agents. Arthurine Walker, V.P. of New Business sums up how we fit in this way.
We are not at a point of connecting people things, but we are at a place of connecting people to ideas, strategies, and action. Our “thing” is social change.
How will you keep up with the Internet of Things?