The Indian media industry is projected to grow at a CAGR of 13.5% until 2024 to reach $43.93 billion. However, the industry faces many challenges in keeping up with changing user expectations and pressures to cut costs while improving revenue. Traditional media dominance is also fading as many small platforms enter the market. The industry must implement data analytics to gain insights from the highly fragmented audience and content delivery landscape. Key issues include lack of transparency, compliance with complex regulations, threats like hacking, privacy concerns, piracy, and workplace harassment.
BIPOC Entrepreneurs COVID Stories White Paper - June 2021.pdffatimaalb1
Created by the Resilient Institutions and Sustainable Environments (RISE) Lab at the Dept. of Communication at Wayne State University, this white paper examined the struggles that BIPOC entrepreneurs faced during the first phase of the pandemic in Michigan (March-July, 2020). Data on key problems and strategies used to remain resilient are provided, followed by recommendations for policymakers and entrepreneurial support organizations to provide ongoing support for BIPOC entrepreneurs.
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In this report we focus on, and examine in detail, the ways in which start-ups change the way value is created and organized in different markets and in so doing disrupt established businesses. This report will help you understand how these companies disrupt the norm., provide you a framework to assess how vulnerable your industry and company is to disruption, and how to find new opportunities within it.
The Financial Times, in partnership with HP, recently held an event in Milan to discuss new CIO strategies for the digital age. Topics discussed included customer engagement, consistent delivery of service across all channels, strategies for driving innovation and supporting business growth, and security concerns in an era of BYOD and cloud services.
This white paper highlight key discussion points from the event.
BIPOC Entrepreneurs COVID Stories White Paper - June 2021.pdffatimaalb1
Created by the Resilient Institutions and Sustainable Environments (RISE) Lab at the Dept. of Communication at Wayne State University, this white paper examined the struggles that BIPOC entrepreneurs faced during the first phase of the pandemic in Michigan (March-July, 2020). Data on key problems and strategies used to remain resilient are provided, followed by recommendations for policymakers and entrepreneurial support organizations to provide ongoing support for BIPOC entrepreneurs.
Disruptive Intermediaries; how start-ups disrupt established businessesBen Gilchriest
In this report we focus on, and examine in detail, the ways in which start-ups change the way value is created and organized in different markets and in so doing disrupt established businesses. This report will help you understand how these companies disrupt the norm., provide you a framework to assess how vulnerable your industry and company is to disruption, and how to find new opportunities within it.
The Financial Times, in partnership with HP, recently held an event in Milan to discuss new CIO strategies for the digital age. Topics discussed included customer engagement, consistent delivery of service across all channels, strategies for driving innovation and supporting business growth, and security concerns in an era of BYOD and cloud services.
This white paper highlight key discussion points from the event.
A Hands-On Guide to Successful Content Marketing in the Financial Services In...Aravinth Rajagopalan
Engage Your Auidence
Establish Credibility
Create Trust
Build Your Brand
Generate Leads
Drive Sales
Financial services as a whole – insurance, investments, tax planning, retirement planning, credit services, finance and loans, banking, real estate and more – is one of the most difficult industries for most consumers to understand. But it is also one of the most necessary sets of services out there today, because these are all topics in which the average person claims little to no expertise. In short, it is an industry custom-made for good content marketing!
The impact of information and other technology upon organisations and how they interface with their stakeholders and customers - and how they create meaning for their product and service brands, are vital today. We are facing an era of meta-technology, where our insights into, our understanding of and our use of technology, will impact the depth of meaning we create in our brands by the "amount" of information that is added through the application of technology and the value of meaningful content. Social media alone holds many challenges for organisations. This article explores some of these issues and raises key questions about the role of technology for brands, companies and stakeholders.
Gaining and Maintaining a Competitive Advantage with SOCIAL MEDIA (WSI - Cyprus)WSI (Cyprus)
You keep hearing about social media and how it's spreading like wildfire. But as a business
person with a crazy schedule - saddled with the added stress of rocky economic times and a
shrinking marketing budget - you need to know: Is there any real business value to social media,
or is it mostly buzz? And if there's value, how on earth will I have time to learn it and use it
effectively?
Multi Channel Distribution in Insurance - WhitepaperNIIT Technologies
This whitepaper explores the need to develop an effective multi-channel distribution strategy that meets customer demands and delivers differentiating customer experience. Apart from the conventional ways of marketing an insurance policy, which include brokers, agents, kiosks, work site marketing and direct marketing, insurance companies now explore new avenues of innovative and attractive range of distribution techniques that can be exploited to their advantage.
This report addresses the questions: What is native advertising and, by extension, what is it not? It also attempts to map and outline product offerings from the native advertising triumvirate: publishers, technology vendors, and social media platforms. What opportunities are inherent in this nascent form of digital marketing? And what are the inherent risks and pitfalls?
Global Cyber Market Overview June 2017Graeme Cross
Highly publicized attacks on blue chip companies, announcements of alliances formed between insurers, reports of partnerships established with cyber security firms and hiring of renowned experts have all contributed to making cyber one of the hottest topics in the insurance industry. However, behind the hype of the media and the marketing battles fought by insurers and brokers to position themselves as leaders in the market, there is the reality of a genuine opportunity. In this paper, we explore how the cyber insurance market has evolved in recent year
Insights from the World Economic Forum in Davos, where world leaders discussed the importance of emerging markets and how technology is changing the way we connect with each other.
This study deals with understanding the possibilities that are opened up by the platform of social media and to what extent does the social media help in marketing and generating future leads for small and medium enterprises.
The revolution that business is undergoing at the hands of social media continues to dominate discussion in the financial services world.
While virtually all organizations are adapting in some manner to the new possibilities and challenges presented by social business, some industries face specific hurdles when looking to do so. Financial services is a prime example.
How should financial brands react to these changes, and what are the leading businesses in the sector doing to get ahead?
Read this free report to discover:
- The current challenges and opportunities within the financial sector with regard to social media
- Five specific, practical ways financial brands can get ahead and advance their social media listening activities, with examples
More info available here: http://bit.ly/OYiNdW
The Collaborative Economy:
Products, services, and market relationships have changed as sharing startups impact business models. To avoid disruption, companies must adopt the Collaborative Economy Value Chain.
Altimeter Research Theme: Digital Economies
June 4, 2013
Disruptive intermediaries - looking to start-ups to find innovative digital ...Ben Gilchriest
Digital Disruption is reshaping the business world, challenging established business models and making many time-tested formulas for success obsolete. If old business models are obsolete, then where are the new, emergent business models coming from? This paper looks to the start-up community to see what large enterprises can learn from the successful, repeatable digital business models these companies have created. Based on extensive research we explore and define these models and how incumbent businesses can apply them to gain a market advantage.
A Hands-On Guide to Successful Content Marketing in the Financial Services In...Aravinth Rajagopalan
Engage Your Auidence
Establish Credibility
Create Trust
Build Your Brand
Generate Leads
Drive Sales
Financial services as a whole – insurance, investments, tax planning, retirement planning, credit services, finance and loans, banking, real estate and more – is one of the most difficult industries for most consumers to understand. But it is also one of the most necessary sets of services out there today, because these are all topics in which the average person claims little to no expertise. In short, it is an industry custom-made for good content marketing!
The impact of information and other technology upon organisations and how they interface with their stakeholders and customers - and how they create meaning for their product and service brands, are vital today. We are facing an era of meta-technology, where our insights into, our understanding of and our use of technology, will impact the depth of meaning we create in our brands by the "amount" of information that is added through the application of technology and the value of meaningful content. Social media alone holds many challenges for organisations. This article explores some of these issues and raises key questions about the role of technology for brands, companies and stakeholders.
Gaining and Maintaining a Competitive Advantage with SOCIAL MEDIA (WSI - Cyprus)WSI (Cyprus)
You keep hearing about social media and how it's spreading like wildfire. But as a business
person with a crazy schedule - saddled with the added stress of rocky economic times and a
shrinking marketing budget - you need to know: Is there any real business value to social media,
or is it mostly buzz? And if there's value, how on earth will I have time to learn it and use it
effectively?
Multi Channel Distribution in Insurance - WhitepaperNIIT Technologies
This whitepaper explores the need to develop an effective multi-channel distribution strategy that meets customer demands and delivers differentiating customer experience. Apart from the conventional ways of marketing an insurance policy, which include brokers, agents, kiosks, work site marketing and direct marketing, insurance companies now explore new avenues of innovative and attractive range of distribution techniques that can be exploited to their advantage.
This report addresses the questions: What is native advertising and, by extension, what is it not? It also attempts to map and outline product offerings from the native advertising triumvirate: publishers, technology vendors, and social media platforms. What opportunities are inherent in this nascent form of digital marketing? And what are the inherent risks and pitfalls?
Global Cyber Market Overview June 2017Graeme Cross
Highly publicized attacks on blue chip companies, announcements of alliances formed between insurers, reports of partnerships established with cyber security firms and hiring of renowned experts have all contributed to making cyber one of the hottest topics in the insurance industry. However, behind the hype of the media and the marketing battles fought by insurers and brokers to position themselves as leaders in the market, there is the reality of a genuine opportunity. In this paper, we explore how the cyber insurance market has evolved in recent year
Insights from the World Economic Forum in Davos, where world leaders discussed the importance of emerging markets and how technology is changing the way we connect with each other.
This study deals with understanding the possibilities that are opened up by the platform of social media and to what extent does the social media help in marketing and generating future leads for small and medium enterprises.
The revolution that business is undergoing at the hands of social media continues to dominate discussion in the financial services world.
While virtually all organizations are adapting in some manner to the new possibilities and challenges presented by social business, some industries face specific hurdles when looking to do so. Financial services is a prime example.
How should financial brands react to these changes, and what are the leading businesses in the sector doing to get ahead?
Read this free report to discover:
- The current challenges and opportunities within the financial sector with regard to social media
- Five specific, practical ways financial brands can get ahead and advance their social media listening activities, with examples
More info available here: http://bit.ly/OYiNdW
The Collaborative Economy:
Products, services, and market relationships have changed as sharing startups impact business models. To avoid disruption, companies must adopt the Collaborative Economy Value Chain.
Altimeter Research Theme: Digital Economies
June 4, 2013
Disruptive intermediaries - looking to start-ups to find innovative digital ...Ben Gilchriest
Digital Disruption is reshaping the business world, challenging established business models and making many time-tested formulas for success obsolete. If old business models are obsolete, then where are the new, emergent business models coming from? This paper looks to the start-up community to see what large enterprises can learn from the successful, repeatable digital business models these companies have created. Based on extensive research we explore and define these models and how incumbent businesses can apply them to gain a market advantage.
This comprehensive program covers essential aspects of performance marketing, growth strategies, and tactics, such as search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing, social media marketing, and more
The Impact of Artificial Intelligence on Modern Society.pdfssuser3e63fc
Just a game Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?
1. Media Industry :Issues and Challenges
The Indian Brand Equity Foundation has estimated that the Indian media industry is
projected to increase at a compound annual growth rate of 13.5% from 2019 to 2024
and is estimated to reach US$ 43.93 Billion by 2024.
Since the industry is growing at such an unpredictable rate, it becomes difficult for the
players to keep up with the expectations of the users. One of the most important
hurdles is to handle the pressures to cut the expenses while improving revenue. While
multiple small platforms are stepping in, the traditional monarchy of one big company
is fading away.
Since a new player is introduced in the market every day, and the customer needs as
well as the delivery of content of their preference is highly fragmented, it paves way
for the media industry to implement big data and data analytics technology to gain
more insightful viewer perception. In this article, we are going to look at the different
challenges faced by the media industry.
2. Media Industry :Issues and Challenges
• The content that is distributed through these formats can be either for
educational purposes, for entertainment or to endorse an idea. These formats are
broadly categorized into two heads; (1) Traditional media (2) New media (like
blogs, vlogs, websites, podcasts, websites, etc). Some common challenges faced
by both these formats are:
• Lack of Transparency
• This has been an issue for as long as the industry can be recognized. Issues in
complex nature of contracts, advertising, handling (and settlement) of funds,
acquisition and retain of personnel and content, ambiguity in having on board the
clients and producers have always been of concern to the media houses. Further,
advertising has been a simple model; but there are various pieces that are
needed to be put together- what type of media is being used for advertising, is it
direct or indirect advertising. This leads then to a whole separate need of
accounting, from sales, to financial planning, its analysis, to finance management.
This poses a risk of slip-ups due to which an overall analysis gets affected.
3. Media Industry :Issues and Challenges
• Compliance with laws/regulations
• It is very difficult for the media industry to comply with all the rules and regulations
within the time limit and to act in accordance with all the laws that apply to them. From
managing the finances to filing of return, reporting expectations with SEBI and such
other Authorities, complying with labour laws, environmental laws, local laws that
regulate the lease of the premises, electricity and other requirements, from employment
laws to IP laws, etc. Legal compliance is very important as it prevents the organisations
from lawsuits and damages, while detecting violations. But it is not easy to identify them
since the laws are evolving and an organisation needs a sound team to put off this
challenge.
Challenges with respect to taxation
• Each business has to pay taxes, to the local government, to the state and the centre. The
Income Tax department comes very heavily on the defaulters, from huge amounts of
fines to even imprisonment. Taxation is a very slippery path and it is very important to be
cautious as to how the media industry grows and grows safely (without having being a
target to the tax structure). Hence it is very important that this industry has a very sound
section to manage taxes.
4. Media Industry :Issues and Challenges
• Threat to media channels
• With people shifting to digitisation, it is not only the transmission of news, facts and information
that has become faster and easier but so has the attacks such as hacking of social media
accounts, phishing, frauds, etc. Social media accounts are one of the most important assets of the
media industry in the current scenarios, and the hackers can easily hack into them and spread
false information which may result in hurting the sentiments of lots of people and attract bad
names to the media house. Further, the attackers may use these handles to post a link that may
redirect the users to malicious websites and the users may be duped. There are various instances
wherein these attackers pose themselves as employees of these media houses and loot them.
• Hurt and life threats to people working in the industry
• We see this happening to reporters that cover sensitive issues and to those who really put in
genuine efforts in revealing the truth behind a story. News anchors, journalists, activists on social
media are mainly targeted. People who are whistleblowers or who spend their career covering
issues such as rape, dowry, honour killing, murder, revealing the identity of a famous celebrity or
a VIP or even cases related to them; most likely get threatened of harm to their life or injury to
their loved ones. This holds true for people working in journalism, anchor/hosts of radio station,
news channel, writers of print media and influencers online.
•
5. Media Industry :Issues and Challenges
• Concern relating to Data Privacy
• Regulations have been implemented for businesses to handle personal
data and for organisations that transmit user data to such companies, yet
data leak has been the headlines quite very often. Big data challenges can
pose trouble when it comes to accumulating adequate user data, without
which exact scrutiny cannot be carried on. Viewers are being more
sensitive than ever, towards their data and are troubled on how their
personal data is being used.
• Licensing requirements
• With each step of success that the organization takes, registration is
required for business licenses, from employment registration, taxation,
expanding the business, enlarging its scope by having new clients on board,
etc.; for all steps, the ownership document is a primary requirement.
Investors are also very vigilant on the license issues ahead of entering into
this type of business.
6. Media Industry :Issues and Challenges
• Copyright and piracy issues
• These challenges have been in the industry for a very long time now and it is very difficult to bring
justice even if the laws are all stringent and in place. With the rise of digitisation, more big data
problems have emerged such as sharing of account information through which multiple users can
view content from the same account, using the password. It then becomes difficult for the
production houses to categories what genre of content is favourable to an adult and to a child.
Pinpointing on the demographic details of an account user also becomes extremely difficult.
Many people have started using the content available on online platforms for their own use;
pirate and spoof this data to make it look like their own new creation and upload it to generate
revenue. This is another major issue faced by, in particular, the entertainment industry.
• Adaptation challenges
• Only a few percentages of players in the media industry are welcoming new technologies to their
area of work, while the majority are hesitant and are concerned about the backfire or the trouble
these new “uncommon” solutions will cause. This results in dependency on outdated
methodologies making it difficult for the players to communicate business between themselves.
Use of terms like “big data”, “artificial intelligence”, “automation” etc have increased now more
than ever, particularly as reporting tools and yet we are resilient in adapting these technologies
for our benefit.
7. Media Industry :Issues and Challenges
• Lack of financial support
• Finance is not so-much-of-a-big-issue for well established or even new media houses that are
backed by some influential person; but it matters a lot to small organisations, someone like you
and me who wants to establish a start-up to give out some real content. Starting a new company
may or may not be difficult on an individual basis but one thing is common in each case, that is,
building investment and scaling up with the growing business has always been tough for all types
of media houses. These costs vary a lot, from human resources costs, to data collection and
processing costs, to data storage and protection costs, etc. SaaS and Cloud storage do make it
easier to an extent but not everyone is ready to accept it with open minds or do not have enough
resources to implement it.
• Media Reputation
• Reputation is fast-reaching; it is like the fire in the forest. The character of lifetimes crushed down
to “reputation” in one action; whether that action was justified or not is something to be looked
into but nowadays, media houses are not considered to be a very favourable place to work at. It
has gained a bad reputation; a medium that was earlier supposed to bring out true facts and be a
source of inspiration has now merely become a money-making institution and the “voice of the
voiceless” gets silenced in no time. Ever wondered why not many people are choosing this
profession? Ever wondered why there aren’t enough professionals to fill the void?
8. Media Industry :Issues and Challenges
• Bullying and harassment at workplace
• The media industry has been collaboratively working to promote a more
inclusive workplace but what comes out is that we still need to work on
creating a safe, respectful environment. Bullying in the form of intimidation
and/or insulting behaviour, abuse or misuse of power, mobbing or
intentional/unintentional targeting is very prevalent. Other than bullying,
harassment- physical, mental and visual, is always very frequent in the
media biz. For instance in America, the Centre for Talent innovation in its
“What #Me Too Means for Corporate America” report has found that 34%
of women and 13% of men have been victims of sexual harassment, defined
as an unwanted sexual advance or obscene remark. The 2020
film “Unpaused” showed how the boss of that news channel is making
advances and is offering his female juniors an opportunity to handle big
projects in return for sexual favours. This has been a challenge that needs
to be tackled for so long but the victims were not ready to open up for
understandable reasons. The society is now supportive and the abusers are
now being questioned but we still need to fight this evil.
9. Broadcast Audience Research Council (BARC)
• Broadcast Audience Research Council (BARC) formed in 2014, is the
world’s largest television audience measurement service. After its
joint venture with TAM, it is now the only rating body for the
broadcasting sector in the country. BARC India currently has 22,000
Bar-o-meters installed across the country and is mandated to scale
that up by 10,000 annually to reach 50,000 metered homes by year
four of operations.
• BARC India launched its services with 277 subscribed channels. Today,
the number of channels that have adopted BARC India’s
watermarking technology and are subscribed to its services has
grown to 470+.
• https://barcindia.co.in/about#ourpromoters
10. Television Rating Point
• TRP stands for Television Rating Point. TRP of any channel or programme depends
upon the programme that is displayed. The TRP rate is one on which the TRP of a
TV channel is calculated. These numbers are treated as a sample from the overall
TV owners in different geographical and demographic sectors.
• TRP enables advertisers and investors to understand the mood of the people.
According to the TRP of a TV Channel or programme advertisers decide where to
display their advertisements and investors will decide about the investment of
the money.
• What is TRP:
• The TRP or Target Rating Point is the metric used by the marketing and
advertising agencies to evaluate this viewership. TRP or Television Rating Point is
the tool to judge which programmes are watched the most and to index the
viewers' choices. It helps to calculate which channel and the programme are
viewed most or it indicates the popularity of a TV channel or a programme. It
shows how many times people are watching a channel or a particular
programme.
11. Television Rating Point
• How is TRP calculated:
• TRP is calculated by Indian agency the Broadcast Audience Research
Council using “BAR-O-meters." The BARC releases weekly TRP results every
Thursday ranking all TV channels and TV programmes.
• BARC has installed “BAR-O-meters” in over 45,000 impaneled households.
In this way, some thousand viewers are surveyed in the form of justice and
sampling. These gadgets record data about the channel or programme
watched by the family members or selected people. This method is called
the People meters.
• Another method is known as picture matching where the people meter
records a small portion of the picture that is being watched on the TV. This
data is collected from a set of homes in the form of pictures and later on is
analyzed to calculate the TRPs.
•
12. Television Audience Measurement
• TAM (Television Audience Measurement) is the specialized branch of
media research, dedicated to quantifying (size) and qualifying
(characteristics) this detailed television audience information.
• Television Audience Measurement (TAM) Media Research is a
50:50joint Venture Company between Nielsen Media Research (NMR)
/AC Nielsen and Kantar Media Research (KMR) / IMRB that mostly
analyses TV Viewership in India.
• Started in 1998, TAM with services in more than 20 countries
spanning Asia, Europe and Americas is currently regarded not only as
the universal television currency but also as a complete television
solution provider.
13. HITS
• Hyperlink-Induced Topic Search (HITS; also known as hubs and
authorities) is a link analysis algorithm that rates Web pages,
developed by Jon Kleinberg.
• Headend in the Sky (HITS) is Comcast's satellite multiplex service that
provides cable channels to cable television operations.
14. Market Shift
• The media and entertainment industry doesn’t have a choice; it must
change. Consumers have upped their baseline expectations as
technology has evolved, and competitors for consumer time aren’t
limited to traditional media. If we look across current forms of media,
consumers multitask with other media more than 55% of the time.
• The Covid-19 pandemic has accelerated many of the trends of the
past 5 to 10 years, including the outsized growth in digital media
consumption and consumers’ ability to access content from just
about anywhere. Increases in consumer participation and the
exponential development of technologies like 5G will accelerate the
disruption, driving six big shifts in media and entertainment.