According to Social Places, here are seven megatrends that will define the digital marketing industry in 2020:
1. Data visualisation will be more consolidated
Data visualisation will become even more important in 2020. This particularly pertains to the consolidation of all
marketing and operational touchpoints into a single dashboard, which offers quick visual insights into a business, its performance and its relationship with customers.
Data doesn't mean much without the tools used to visualise and analyse it. All business channels — online and offline — have to be integrated into this single view and this can
be a challenge, but the rewards are great.
2. Insights will be AI-powered
AI-powered insights are possible once data has been collected and formatted. AI tools are able to look at much larger datasets than humans and can draw correlations across business events quickly, flagging insights and anomalies.
The software picks the trends and then people can unpack these, analyse them and make more informed business decisions. For example, AI can take 50 marketing channels — billboards, local messaging, Facebook and so on, and can tell you what marketing channels achieve the most with whom and when. The detail is incredible
It interrogates the metrics and can make suggestions and recommend marketing opportunities. These are based on data rather than human assumptions or biases.
3. Personal messaging will be on the rise
This is becoming increasingly significant because local content trumps brand messaging when talking to consumers. It comes down to authenticity and relevance. Technology lets businesses talk to consumers, via many channels, one-to-one.
Global brands have long since steered away from big generic messaging. We can see how their messaging varies between countries and even within territories. Brands are now identifying that this needs to be taken further, with different branches tailoring their messaging on a community (suburban) level, to suit their individual clients' needs.
This is because every store's customers are different. When it comes to messaging, don't waste your budget. One size does not fit all and brands get three times the customer engagement using local, customised content then they do with blanket messaging.
4. Expectations around reviews will grow
Increased expectations among consumers will increase; this is reflected in the growth of near-me searches and review stats. Proximity stats have jumped by 500% in the last two years and show no signs of slowing down.
Consumers prefer to interact with a brand digitally instead of through call centres, and more than 80% trust online reviews as much as a personal recommendation. They do
expect quick responses to any review they give — positive or negative — and companies need
to be prepared for this.
5. Growth of loyalty clubs will accelerate
In 2020, there will be growth for loyalty clubs because more brands go this route, as the data they produce is valuable. Organisations are better able to understand their customers using the data that they acquire from their loyalty programmes.
It's a win-win situation. Brands give customers rewards and as they know more about their customers, they are able to communicate through the most relevant channel and this, in turn, results in increased loyalty.
6. Marketing Automation will have personalisation
This will simplify communication with consumers based on their preferences. Historically, multiple teams were required to create and send targeted messaging. Increasingly sophisticated tools are now able to identify consumers' preferences, what channels they prefer to receive communications on and send can intelligent, useful and relevant marketing messages to them.
7. Brands will place less emphasis on influencers
Brands will no longer use influencers with a large number of followers. There will be more relevant content being produced by smaller, on-the-ground nano-influencers who are in touch with their immediate community. This ties in with brands moving towards local messaging, which is more relevant and authentic for consumers.
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