{"id":640619,"date":"2023-04-23T09:55:50","date_gmt":"2023-04-23T14:55:50","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/23\/marrying-the-craft-of-culture-marketing-and-technology-serves-as-a-true-north-for-progress-for-brand-execs-attending-possible\/"},"modified":"2023-04-23T09:55:50","modified_gmt":"2023-04-23T14:55:50","slug":"marrying-the-craft-of-culture-marketing-and-technology-serves-as-a-true-north-for-progress-for-brand-execs-attending-possible","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/23\/marrying-the-craft-of-culture-marketing-and-technology-serves-as-a-true-north-for-progress-for-brand-execs-attending-possible\/","title":{"rendered":"Marrying the craft of culture, marketing and technology serves as a true north for progress for brand execs attending Possible"},"content":{"rendered":"<div id=\"content\">\n\t\t\t\t\t<main id=\"main\" role=\"main\"><\/p>\n<div id=\"article-wrapper\">\n<div>\n<div>\n<p><span>April 20, 2023\u00a0\u00a0\u2022\u00a0\u00a04 min read<\/span> \u00a0\u2022\u00a0  By <a href=\"https:\/\/digiday.com\/author\/jcooperdigiday-com\/\">jim cooper<\/a> and <a href=\"https:\/\/digiday.com\/author\/mmburgigmail-com\/\">Michael B\u00fcrgi<\/a><\/p>\n<\/div>\n<p><img loading=\"lazy\" width=\"1030\" height=\"579\" alt decoding=\"async\" srcset=\"https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=640,360 640w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=265,150 265w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=749,422 749w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=320,180 320w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=300,170 300w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=215,122 215w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=230,130 230w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=1030,579 1030w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=760,427 760w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=290,163 290w, https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?resize=180,100 180w\" data-lazy-sizes=\"(max-width: 1030px) 100vw, 1030px\" src=\"https:\/\/digiday.com\/wp-content\/uploads\/sites\/3\/2023\/03\/ai-brain-digiday.jpg?w=1030&#038;h=579&#038;crop=1&#038;is-pending-load=1\" ><\/p>\n<p>\n\t\t\t\t\tIvy Liu\t\t\t\t<\/p>\n<\/p><\/div>\n<div>\n<p>As part of its plan to differentiate itself from larger and more established conferences such as CES and Cannes Lions, the newly launched Possible conference held in Miami Beach this week focused on the importance that culture holds in the digital media and marketing ecosystem. And indeed it was something speakers and attendees had top of mind.<\/p>\n<p>Steve Stoute, founder and CRO of United Minds, and a longtime music and marketing executive and industry thought leader, sat down with Digiday in our joint video studio with Possible right off the main stage at the Fontainebleau Hotel to discuss the importance of culture, diversity, equity and inclusion, and the impact of artificial intelligence on the media, influencer and talent economy \u2014 as well as his hopes for Gen Z as a broad engine of progress.<\/p>\n<div id=\"piano-meter-offer\">\n<p>\u201cIt\u2019s important that we are in lockstep with technology and culture, or we will get passed by all the time,\u201d said Stoute, adding \u201c[Marketers] need to stop thinking that they can put people in segmented boxes in order to target them. That idea is old.\u201d<\/p>\n<p>As for progress on the DE&#038;I front, Stoute does not see the success of Black culture, as evidenced by the 50-year anniversary of hip-hop, translating to the success of Black representation in the c-suite or boardroom.<\/p>\n<p>\u201cIn fact 75% of consumers of hip-hop are not Black. The penetration is deep. And not only is it the music, it\u2019s everything that comes with the music: the style, the clothes, ebonics, the entire thing. They all come with the connection to that art form,\u201d said Stoute. \u201cThe DEI inclusion part of it is CEOs hiring, forcing and enforcing diversity and inclusion in their company. The fact that these companies are hiring DEI officers to police that \u2014 I\u2019m not sure that\u2019s the best solution or if it\u2019s just checking a box. If your c-suite doesn\u2019t look like your customers, you have a problem. And if you have a diversity problem at the top, you have a youth problem.\u201d<\/p>\n<figure>\n<p>\n<iframe loading=\"lazy\" title=\"DIGIDAY - United Masters\" src=\"https:\/\/player.vimeo.com\/video\/819223225?h=2d71fec631&#038;dnt=1&#038;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture\" allowfullscreen><\/iframe>\n<\/p>\n<\/figure>\n<p>From a large consumer brand perspective, Molly Peck, CMO of Global Buick and GMC, agreed that culture combined with the rapid advance of technology and associated changing consumer patterns will have an impact on automotive marketing and brand marketing in general.<\/p>\n<p>\u201cWhen we look at our marketing and creative plans, we really boil it down to to three things: it\u2019s our customer, our brand, and it\u2019s culture,\u201d said Peck. \u201cAnd it\u2019s where those three intersect [that] really serves as the foundation of our media and marketing plans.\u201d<\/p>\n<p>Peck said that her immediate focus is on the consumer and technology and how they are both converging on the propositions of being a marketer of cars \u2014  and being in the market for a car.<\/p>\n<p>\u201cThe way we reach consumers is vastly different from the way we reached them 10 years ago,\u201d said Peck. \u201cWhat is happening from a marketer\u2019s standpoint is that we are able [tapping into linear, CTV and addressable media] to serve the right message, to the right consumer at the right time. And what that does for the consumer is that advertising change from being intrusive to something that\u2019s informative.\u201d<\/p>\n<p>And on Tuesday afternoon, Bob Pittman, CEO of iHeart Media, discussed his perspective on culture and how more audio media, including radio, streaming and podcasting, can remain relevant and competitive as audiences shift in demographic makeup and media consumption patterns.<\/p>\n<p>\u201cAudio is at the center of culture. It turns out that radio is the last of the mass market media. Everybody gets in the car and listens to the radio,\u201d said Pittman. \u201cYou have streaming music, which is my music collection, you have radio which is my friend, you have influencer marketing. Radio influencers are the original influencers and they do it at scale. It\u2019s the great unifier.\u201d<\/p>\n<figure>\n<p>\n<iframe loading=\"lazy\" title=\"DIGIDAY - iHeart\" src=\"https:\/\/player.vimeo.com\/video\/819254432?h=2d6cf1353f&#038;dnt=1&#038;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture\" allowfullscreen><\/iframe>\n<\/p>\n<\/figure>\n<p>Pittman also shared his thoughts on the impact generative AI will have on the media industry and his thoughts on how the economy will unfold in the second half on the year.<\/p>\n<p>For Pittman, AI will have two important near-term impacts: on the consumer and the operations of those trying to reach them. <\/p>\n<p>\u201cOperationally it is going to replace a lot of human action, making it better and faster and will certainly have a big impact on costs for companies,\u201d said Pittman, who added that for the past 20 to 30 years technology has change how we work so that more and more of our effort is focused on creating products. \u201cAI is the next step for operational work,\u201d he said. As for the consumer? \u201cI don\u2019t think it\u2019s going to replace the creative artist,\u201d he added.<\/p>\n<p>Looking ahead to the economic picture for the second half of the year after an uncertain first half of 2023, Pittman said he feels the economy has hit the roughest patch and will be looking for a recovery when the state of interest rates stabilizes and the war in Ukraine ends.<\/p>\n<p>\u201cThat uncertainty of a macro thing hanging over people is bad for the economy,\u201d he said.<\/p>\n<\/div>\n<div>\n<p>https:\/\/digiday.com\/?p=500271<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>Digiday Top Stories<\/p>\n<ul>\n<li>\n<div>\n<p><a href=\"https:\/\/digiday.com\/marketing\/elon-musk-targets-smaller-advertisers-by-forcing-them-to-pay-for-verification-to-run-ads-on-twitter\/\" title=\"Elon Musk targets smaller advertisers by forcing them to pay for verification to run ads on Twitter\">Elon Musk targets smaller advertisers by forcing them to pay for verification to run ads on Twitter<\/a><\/p>\n<p>If a marketer isn\u2019t spending at least $1,000 per month on Twitter, they will need to pay for verification in order to still run ads, or find another platform.<\/p>\n<\/p><\/div>\n<p>\t\t\t<a href=\"https:\/\/digiday.com\/marketing\/elon-musk-targets-smaller-advertisers-by-forcing-them-to-pay-for-verification-to-run-ads-on-twitter\/\" title=\"Elon Musk targets smaller advertisers by forcing them to pay for verification to run ads on Twitter\"><br \/>\n\t\t\t\t\t<\/a>\n\t<\/li>\n<li>\n<div>\n<p><a href=\"https:\/\/digiday.com\/marketing\/confessions-of-a-social-media-manager-on-the-pressure-of-managing-live-streams\/\" title=\"Confessions of a social media manager on the pressure of managing live streams\">Confessions of a social media manager on the pressure of managing live streams<\/a><\/p>\n<p>We hear from a social media manager about brand expectations in the fast-paced, unpredictable nature of managing live streams.<\/p>\n<\/p><\/div>\n<p>\t\t\t<a href=\"https:\/\/digiday.com\/marketing\/confessions-of-a-social-media-manager-on-the-pressure-of-managing-live-streams\/\" title=\"Confessions of a social media manager on the pressure of managing live streams\"><br \/>\n\t\t\t\t\t<\/a>\n\t<\/li>\n<li>\n<div>\n<p><a href=\"https:\/\/digiday.com\/marketing\/we-have-a-lot-of-teams-who-are-out-in-the-marketplace-and-theyre-struggling-a-qa-with-riot-games-esports-head-john-needham\/\" title=\"\u2018We have a lot of teams who are out in the marketplace, and they\u2019re struggling\u2019: A Q&#038;A with Riot Games esports head John Needham\">\u2018We have a lot of teams who are out in the marketplace, and they\u2019re struggling\u2019: A Q&#038;A with Riot Games esports head John Needham<\/a><\/p>\n<p>Riot might be one of the better-prepared esports companies to help correct the course of the industry. Its marquee titles, \u201cLeague of Legends\u201d and \u201cValorant,\u201d regularly draw millions of viewers and drive ample sales of in-game items, making Riot\u2019s involvement in esports into a lucrative endeavor. Now, the company is looking to share some of the spoils with the esports teams in its ecosystem in a bid to help keep the industry afloat.\u00a0<\/p>\n<\/p><\/div>\n<p>\t\t\t<a href=\"https:\/\/digiday.com\/marketing\/we-have-a-lot-of-teams-who-are-out-in-the-marketplace-and-theyre-struggling-a-qa-with-riot-games-esports-head-john-needham\/\" title=\"\u2018We have a lot of teams who are out in the marketplace, and they\u2019re struggling\u2019: A Q&#038;A with Riot Games esports head John Needham\"><br \/>\n\t\t\t\t\t<\/a>\n\t<\/li>\n<li>\n<div>\n<p><a href=\"https:\/\/digiday.com\/marketing\/more-brands-choose-older-influencers-as-older-audiences-can-be-just-as-impactful-as-young-ones\/\" title=\"More brands choose Boomer, Gen X influencers, as \u2018older audiences can be just as impactful\u2019 as young ones\">More brands choose Boomer, Gen X influencers, as \u2018older audiences can be just as impactful\u2019 as young ones<\/a><\/p>\n<p>More marketers are recognizing the potential of working with older influencers and reaching older generations.<\/p>\n<\/p><\/div>\n<p>\t\t\t<a href=\"https:\/\/digiday.com\/marketing\/more-brands-choose-older-influencers-as-older-audiences-can-be-just-as-impactful-as-young-ones\/\" title=\"More brands choose Boomer, Gen X influencers, as \u2018older audiences can be just as impactful\u2019 as young ones\"><br \/>\n\t\t\t\t\t<\/a>\n\t<\/li>\n<li>\n<div>\n<p><a href=\"https:\/\/digiday.com\/marketing\/why-segas-acquisition-of-rovio-could-signal-a-return-to-ma-for-the-gaming-industry\/\" title=\"Why Sega\u2019s acquisition of Rovio could signal a return to M&#038;A for the gaming industry\">Why Sega\u2019s acquisition of Rovio could signal a return to M&#038;A for the gaming industry<\/a><\/p>\n<p>The Rovio acquisition could also signal a return to M&#038;A activity for the gaming industry, both mobile and otherwise. Although 2022 was a massive year for M&#038;A in gaming, M&#038;A activity in the space actually declined in Q1 2023, according to Drake Star\u2019s Global Gaming Report for the quarter. The Rovio deal, among others, has made some observers more confident that the gaming industry will continue to consolidate in 2023.<\/p>\n<\/p><\/div>\n<p>\t\t\t<a href=\"https:\/\/digiday.com\/marketing\/why-segas-acquisition-of-rovio-could-signal-a-return-to-ma-for-the-gaming-industry\/\" title=\"Why Sega\u2019s acquisition of Rovio could signal a return to M&#038;A for the gaming industry\"><br \/>\n\t\t\t\t\t<\/a>\n\t<\/li>\n<\/ul><\/div>\n<\/div>\n<p>\t\t<\/main><\/div>\n<p><a href=\"https:\/\/digiday.com\/marketing\/marrying-the-craft-of-culture-marketing-and-technology-serves-as-a-true-north-for-progress-for-brand-execs-attending-possible\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n jim cooper<\/p>\n","protected":false},"excerpt":{"rendered":"<p>April 20, 2023\u00a0\u00a0\u2022\u00a0\u00a04 min read \u00a0\u2022\u00a0 By jim cooper and Michael B\u00fcrgi Ivy Liu As part of its plan to differentiate itself from larger and more established conferences such as CES and Cannes Lions, the newly launched Possible conference held in Miami Beach this week focused on the importance that culture holds in the digital<\/p>\n","protected":false},"author":1,"featured_media":640620,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92061,25734,46],"tags":[],"class_list":["post-640619","post","type-post","status-publish","format-standard","has-post-thumbnail","category-marrying","category-craft","category-technology"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/640619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=640619"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/640619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/640620"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=640619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=640619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=640619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}