Business Insider’s latest BI Intelligence report examined the impact of social video on the digital distribution and consumption of video content. BI defines social video as “video that is influenced — in any part of the pipeline, from production to distribution — by social media.”
It’s no surprise that social media has become entwined with our video consumption habits, considering it also informs most of our other behaviors from shopping to parenting to interacting with friends and family. What is interesting, however, is how it is actually changing video content itself.
Social media audiences aren’t known for their attention spans, so new video content is being condensed to suit their viewing habits. BI calls it “snacking” on video. Shorter videos are more conducive to sharing, and some of the newer social mobile video apps like Instagram, Vine and Tout limit video duration to 15 seconds or less. The average duration of an online video was 5.6 minutes in April 2013, compared to 6.6 minutes one year ago, according to comScore.
In the last five years, every digital shop has gotten the request from a client: “make us a viral video.” Going viral is the end all, be all of video advertising, because it... Read more
Marketers need intuition more than ever before. The masses of data that they can analyze, and the tools available, can certainly find interesting patterns on their own, but that is just one ingredient in the value creation recipe. Since there’s so much data out there, good intuition (and by that, I’m including judgment as well) is necessary to set priorities for what to look for, what matters to the customer, what the competitive landscape looks like and how behaviors are changing over time.
Advertisers have always trusted their guts when it comes to connecting with consumers. But, how do we really know that works? Enter data science. The numbers are out there to tell us if campaigns are truly effective, and it’s sparking a debate over the end of intuition.