87. 2020 for the PR Industry
With the
information clutter in the market, the consumers have become more selective of
the content they consume. This makes reaching the target audience more
difficult and crucial. Everybody who has the access to internet possesses the
power to produce content. In such a situation where everybody has a portal to
voice their opinion and influence people at the mass level, reputation
management professionals play an important role.
Public
relation is the industry of reputation management professionals who communicate
on behalf of a corporate with different stakeholders. The art of getting the
communication right is important to understand. The language, core message,
channel used to communicate, all has to be aligned based on the understanding
of the target group.
The
industry is evolving rapidly with the change in consumer behavior and
advancement in technology. In this article we will understand what 2020 will be
like for the PR industry and why it will be a crucial year. Following are some
of the trends the industry will witness in 2020:
Increasing Digital PR and the
measurement:
With
over 560 million internet users, India is the second largest online market in
the world. This makes digital a very important platform for a brand. As PR
professionals, we must leverage this while communicating about our brand in the
best way possible. One of the most prominent issues with the work of a PR
consultancy is the measurement of PR. The influence a PR activity had on the
customer’s mind is hard to quantify. But, the technology makes it possible for
us to claim the impact that we create. The measurement could be in terms of
impressions, customer engagement, etc.
Big data and its growing scope:
According
to the industry experts, Big data is the new big thing in the PR industry.
Thanks to the internet algorithms and advancement in technology, we have data
in abundance at our disposal. It is comparatively easy now for a corporate to
understand their target group based on the data available. As reputation
management professionals, we need to bring out unique and relatable insights
from the data to give it an attractive shape. Data driven campaign have huge
scope of succeeding with the audience.
Under one umbrella:
By this
I mean that the communication needs to be integrated now. The activity needs to
be earned, owned and a little bit of shared at the same time for corporate
reputation management. Integrated communication will provide the brand more
platforms for content dissemination and will increase the reach and impact.
Strategic Storytelling:
Any type
of content narrated in the form of a story has better chance of sticking with
the target audience. Strategic storytelling can play major role in the
corporate communication space. The content needs to be curated and further
modified keeping in mind the target audience.
Rise of niche media:
This
point is all about quality over quantity. Consumers mostly prefer organic
content over something sponsored or promoted. With big media outlets engaging
in sponsored activities to increment their revenue, people are moving towards
niche media outlets with quality content. Placing the brand in such media
outlets is going to garner quality results in comparison.
Rise of audio:
Audio
content is gaining popularity day by day. Podcasts are making their way into
the niche market category catering to a particular set of audience. This type
of content is engaging and convenient for the consumer and leaves a lasting
impression.
Corporate beliefs (Brand with a
thought):
With the
change in content consumption, brands are changing the way they communicate. It
is less of ‘in your face’ promotion and more of ‘insight based messaging’. It
all relates to concepts such as Thought leadership or corporate value, etc. The
idea here is to identify what your organization stands for, and believes in.
Make that the very core of your communication. All messages should resonate
with the corporate beliefs. This will
enable the consumers to relate with your brand and will build a sustained brand
reputation.
2020
will be a critical year for the growth of PR industry. The evolving patterns
and upcoming trends can ensure change in the reputation management industry for
the better.
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