I have been writing for years now about how online video, Internet streaming and mobile devices will cloud the media, but here is final proof on how confused and confusing the advertising industry and its feeder, market research, have become.
I don't even need to understand the details.
The simple fact is that confusion spells clarity.
Here is how.
For close to a century, we have been led by the thumb rules of the mass media
- Channel leadership based on high capital costs
- Television rating points (TRPs) based on prime-time
- Hype based on a little bit of data and a lot of "relationships"
- Brands based on broad recall
That era is over, with the Internet and online videos and iPods and all the elements of the Long Tail (including low-investment satellite broadcasts)
Is it any wonder that market researchers are groping in the dark? Stereotyping of the consumer is the illegitimate child of 20th Century mass marketing.
That is ending. Rejoice. Now I can have an old man in Mozambique listening to Britney Spears. And I can have a 20-year-old Peruvian teenager liking South Indian plantain leaf meals.