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Mr. Kamath started the lecture by defining digital marketing and stating its importance in today’s world. He also shed light on the how digital content is getting more popular than linear TV and that eventually advertising digitally will become more expensive and sought for than traditional mediums. Mr. Kamath talked about a research that said that the time spent on Live TV is dropping but the time available for a marketer to reach out to its potential customer has gone up by 18% which clearly shows that world is going digital at a very fast rate and traditional advertising techniques like Print and TV would soon become obsolete.
Mr. Kamath then went on to talk about the different components of digital marketing like search engine marketing (SEM), social media marketing, mobile marketing and affiliate marketing. He explained in detail the importance of each of them and the key metrics like Impressions, CTR, Conversion and the like that are used to analyze the effectiveness and reach of digital ads. The different pricing methodologies, ways of targeting digital ads and the details of the AdTech ecosystem were also discussed in the lecture. Post which, Mr. Kamath discussed the Measurement tools and techniques like A/B Testing, Passive Measurement which are used to measure the efficiency of the ads. The 3R framework for advertising which consists of Reach, Resonance, and Reaction was also touched upon by Mr. Kamath in the session.
It was a highly interactive session and the lecture was followed by questions from the students and various topics like Ad Frauds, Brand Safety, ways to incorporate artificial intelligence and machine learning in marketing and Nielsen’s role in reviving SMEs were brought up by the students. The session was very interesting and enriching and will definitely help the budding managers to stand out in the corporate world. We look forward to having more of such interactions.