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WHY WEARABLE TECH,
ROBOTICS, AUGMENTED
REALITY COMPANIES NEED TO STAY AWAY
FROM “TECHNOLOGY”
Kapil Kanugo
Twitter: @kapilkanugo
Are you or your company
working on technologies like
Augmented Reality,
Wearable Tech,
Robotics etc ?
Do you find it
difficult to penetrate
the marketing or brand
message to mass user
base?
You are
alone
If you are building a product or
have gone to Kickstarter
or Indiegogo and
raised money
Thinking you have the early
adopters….Let me tell you
These Early adopter
percentages are not
enough to guarantee
mass market acceptance
Why ?
Let me tell you how world has
evolved in the
Technology
Industry and how
Technology Brands are perceived
today
Difference between
Consumer and Technology
Companies
Consumer brands come from
Houses of Brands
Technology brands come
from Branded Houses
In consumer companies, the master
brand is almost never as important
as the individual product brands.
In technology companies it is always
the most important
From a customer perspective, good
Technology brands serve three useful purposes
1. They save time
2. They project the right image
3. They provide an identity
What hi-Tech Startup like
Wearable Tech,
Augmented
Reality etc Companies
are doing wrong?
Too focused on
technology or market
change
Tech companies tend to focus on product
features (like AR Game engine has features
like yadi yada yada….)
WHAT KILLS TECHNOLOGY HYPE
HINT: ITS NOT TECHNOLOGY
Confusing jargon of
Technical Details, Features of
Product, No real use case
demonstration in every day life
and most importantly Solving
a problem that average
consumer do or will care about
This causes:
Confusion in
market place
about how are
you different (specially
when attention span of people has
gone down and marketplace is
crowded and competitive)
Not every startup has
budget of Millions to
spread its Marketing
message or differentiation
aspects to masses
Why
Bother?
Your Tech company has a defacto
position and a brand, whether
•you intend to or not
• you like it or not
•you manage it or not
Technology brands build
peace of mind
--“What” and
“when” anxiety
Technology brands evolve
over time
•Consumer brands are
timeless
•Technology brands are
dynamic
Technology is never the
differentiator
•Customers want a total
product
•3rd party support is critical
Technology brands are
built on
•Reputation
•Momentum
•Vision
Technology used
to be about
creating perceptions
Now Technology are about
encouraging
interaction and nurturing
relationships
Technology used
to target the mass
market
Now Technology
targets customers
one-to-one
Technology
used to
transcend the
middleman
Now Technology eliminates the
middleman, and encourage direct
contact between the
company and
the customer
Technology Brand activities
were separate
and
sequential
Now Tech branding activities
need to be
simultaneous
and tightly
integrated
Build a real technology business
first.
•Nothing kills a bad product faster
than good advertising
•Bad ads can have a devastating--
and lasting--effect on brands
•If you rely on clever but irrelevant
ads, you’re probably doomed
•View the competitive
landscape
•Have a sound go-to-market
plan
•Test your business and
positioning premises with
key influencers
BUILD THE BRAND AROUND YOUR
CUSTOMERS
Strong brands are centered around
the customer, not the
Technology or
product
Own the total
customer
experience and
Provide a 360-
degree view
BAKE YOUR OWN PIE.
The ideal brand will move you beyond market share and into market creation
Don’t be the next
Google, be the first
something else
Don’t focus on the business you’re in
today, design your solution around
where you’ll need to be tomorrow
Don’t sell the
world’s best steam
engine
Focus, focus, focus!
• Brand extension
• Brand dilution
• Brand extinction
• Two common mistakes
• Brand Soup
• Brand Creep
•Technology Branding is about discipline and
making hard choices
• It’s as much about what you decide not to do as it
is what you do
•The most important aspect of a tech brand is its
single-mindedness
•Although markets may change, the
fundamental underpinnings of a technology
brand must remain consistent
•The technology brand must be
differentiated in a way that is:
•Relevant
•Meaningful
•Believable
•Defensible
•And can evolve as the company and its

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Why wearable tech, robotics, augmented reality companies need to stay away from technology

  • 1. WHY WEARABLE TECH, ROBOTICS, AUGMENTED REALITY COMPANIES NEED TO STAY AWAY FROM “TECHNOLOGY” Kapil Kanugo Twitter: @kapilkanugo
  • 2. Are you or your company working on technologies like Augmented Reality, Wearable Tech, Robotics etc ?
  • 3. Do you find it difficult to penetrate the marketing or brand message to mass user base?
  • 5. If you are building a product or have gone to Kickstarter or Indiegogo and raised money Thinking you have the early adopters….Let me tell you
  • 6. These Early adopter percentages are not enough to guarantee mass market acceptance
  • 8. Let me tell you how world has evolved in the Technology Industry and how Technology Brands are perceived today
  • 9. Difference between Consumer and Technology Companies Consumer brands come from Houses of Brands Technology brands come from Branded Houses
  • 10. In consumer companies, the master brand is almost never as important as the individual product brands. In technology companies it is always the most important
  • 11. From a customer perspective, good Technology brands serve three useful purposes 1. They save time 2. They project the right image 3. They provide an identity
  • 12. What hi-Tech Startup like Wearable Tech, Augmented Reality etc Companies are doing wrong?
  • 13. Too focused on technology or market change Tech companies tend to focus on product features (like AR Game engine has features like yadi yada yada….)
  • 14. WHAT KILLS TECHNOLOGY HYPE HINT: ITS NOT TECHNOLOGY Confusing jargon of Technical Details, Features of Product, No real use case demonstration in every day life and most importantly Solving a problem that average consumer do or will care about
  • 15. This causes: Confusion in market place about how are you different (specially when attention span of people has gone down and marketplace is crowded and competitive)
  • 16. Not every startup has budget of Millions to spread its Marketing message or differentiation aspects to masses
  • 18. Your Tech company has a defacto position and a brand, whether •you intend to or not • you like it or not •you manage it or not
  • 19. Technology brands build peace of mind --“What” and “when” anxiety
  • 20. Technology brands evolve over time •Consumer brands are timeless •Technology brands are dynamic
  • 21. Technology is never the differentiator •Customers want a total product •3rd party support is critical
  • 22. Technology brands are built on •Reputation •Momentum •Vision
  • 23. Technology used to be about creating perceptions
  • 24. Now Technology are about encouraging interaction and nurturing relationships
  • 25. Technology used to target the mass market
  • 28. Now Technology eliminates the middleman, and encourage direct contact between the company and the customer
  • 29. Technology Brand activities were separate and sequential
  • 30. Now Tech branding activities need to be simultaneous and tightly integrated
  • 31. Build a real technology business first. •Nothing kills a bad product faster than good advertising •Bad ads can have a devastating-- and lasting--effect on brands •If you rely on clever but irrelevant ads, you’re probably doomed
  • 32. •View the competitive landscape •Have a sound go-to-market plan •Test your business and positioning premises with key influencers
  • 33. BUILD THE BRAND AROUND YOUR CUSTOMERS Strong brands are centered around the customer, not the Technology or product
  • 34. Own the total customer experience and Provide a 360- degree view
  • 35. BAKE YOUR OWN PIE. The ideal brand will move you beyond market share and into market creation Don’t be the next Google, be the first something else
  • 36. Don’t focus on the business you’re in today, design your solution around where you’ll need to be tomorrow Don’t sell the world’s best steam engine
  • 37. Focus, focus, focus! • Brand extension • Brand dilution • Brand extinction • Two common mistakes • Brand Soup • Brand Creep
  • 38. •Technology Branding is about discipline and making hard choices • It’s as much about what you decide not to do as it is what you do •The most important aspect of a tech brand is its single-mindedness •Although markets may change, the fundamental underpinnings of a technology brand must remain consistent
  • 39. •The technology brand must be differentiated in a way that is: •Relevant •Meaningful •Believable •Defensible •And can evolve as the company and its