"The Changing Landscape of Advertising and Media: Embracing Trust and Automation"
Hatched by Kazuki Nakayashiki
Aug 18, 2023
3 min read
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"The Changing Landscape of Advertising and Media: Embracing Trust and Automation"
Introduction:
In today's fast-paced digital era, the advertising and media industry is undergoing significant transformations. On one hand, trust in traditional advertising and brand messages has been dwindling. On the other hand, artificial intelligence (AI) is revolutionizing media production and consumption. In this article, we will explore the connection between these two seemingly different topics and discuss how they are shaping the future of advertising and media.
Building Trust through Word-of-Mouth Recommendations:
Despite the rise of digital marketing channels, word-of-mouth recommendations from friends and family continue to be the most influential form of advertising. According to a global survey conducted by Nielsen in 2013, 84 percent of respondents from 58 countries considered recommendations from their peers as the most trustworthy source. This highlights the importance of building trust and credibility through personal connections.
De-risking Creativity in Media:
In the media industry, creativity is at the core of success. However, the creative process is often unpredictable and carries inherent risks. To mitigate these risks, media companies employ de-risking strategies that flatten the upside of creative work while minimizing potential downsides. Some of these strategies include summarizing others' work, finding content arbitrage opportunities, creating specific formats, making shorter and shallower content, and producing sequels. While these strategies reduce risk for human creators, they also make it easier for AI to automate media production.
The Rise of Automation in Media:
With the advent of AI, automation is becoming increasingly prevalent in media production. Summary-based media products, shorter content pieces, and content arbitrage opportunities are particularly amenable to automation. This shift towards automation also presents new opportunities for individual writers, who can leverage these tools to create more media products independently. The cost structure of media creation is shifting towards a software-like model, enabling writers to devote more time to research, gather new facts, and write longer, more engaging articles that are less susceptible to automation.
Navigating the Changing Landscape:
While embracing automation and AI in media production can offer writers greater leverage and the ability to create high-quality work, there are also risks for those who rely on de-risked editorial products as part of their day jobs in larger companies. To navigate this changing landscape successfully, it is crucial for writers to adapt and learn how to use these tools effectively. By doing so, they can enhance their leverage and produce exceptional content that stands out in an increasingly automated world.
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