Tag: Ketner Group

Tips for Developing a Content Strategy

Posted on | by Aidan Griffin

Blogs! Social media! Whitepapers! Webinars and email newsletters! These are only some of the content marketing tactics that hold a tremendous amount of potential for getting your business the attention it needs to grow as fast as it deserves.

It can be truly dizzying for marketing teams to crank out the amount of content needed to make an impact. And unless your marketing team requires a fleet of Uber XLs to get to an office happy hour, it’s just not possible to do it all. Yes, PR firms can be terrific allies in developing and executing on your content strategy, but how should you set one up in the first place?

Brand awareness vs. lead generation

An effective content strategy serves two equally valuable and competing (yet complementary) purposes – brand awareness and lead generation – neither of which your marketing can succeed without. It’s finding out how to balance these that takes work. So, take a step back and work from the top down. Define your organization’s unique needs and goals. Ask questions like:

  • Do our customers know who we are?
  • Is our pipeline flooded or flowing at a trickle?
  • Does our sales team close every sale they work on or are we struggling to convert leads?
  • Do we have a competitor or competitors regularly winning deals over us?

Once you know where you stand, where you’re already succeeding and what gaps you need to address, you can determine the type of information your intended audience would most benefit from. Then, leverage the three overarching channels available to you – owned, earned and paid media – to get it to them.

Owned Media

Think about the advice we’d all give to a friend feeling overwhelmed by a situation, something along the lines of, “you can only control what you can control.” Although sometimes frustrating to take that advice at face value, it’s essential to get the basics right before branching out to more nuanced arenas. Unsurprisingly then, owned media should always be the first and most fundamental element of any content strategy.

Website

To that end, your focus should be on ensuring your website is the rock your content strategy can build off of. It allows you to tell visitors who you are as a company, what you stand for, what you sell and why it’s worth the investment. It has unrivaled power to tell your story how you want it told – everything you want someone to know about your company should live here. You should also have simple components like a ‘Contact Us’ page for lead generation, and any gated whitepapers, case studies, e-books, or webinars can live in perpetuity on your website to generate traffic and leads, long after you publish them.  Managing a regularly updated blog is also a key part of becoming a well-rounded brand; it will serve as an outlet for the promotional and thought leadership messaging you want your customers to associate with your business.

Social Media

It’s not exactly a cutting-edge revelation, but social media channels allow you to disseminate any info you want to the people that follow you. All the content you post to your website should be shared on the social channels you run, as this drives traffic to specific landing pages and your site as a whole, further driving lead generation. Just don’t forget to share and engage with the broader community on your social media platforms, as no one likes a “me, me, me” account!

However, it’s also important to note that not every platform is perfect for every brand or audience. We’ll share another post on social media content marketing in a few weeks (and will link to it once it’s live), but we tend to be major fans of LinkedIn for our B2B retail clients, using Twitter and Facebook as complementary outlets. Based on your audience and goals, pick and choose your platforms so you don’t waste time and resources building a community that won’t drive online engagement.

Email

Often left out of the ‘thought leadership’ bucket, but rarely forgotten by traditional marketers, email can play a key role in reaching an audience of customers, prospects, partners and others who care about your company message and sign up to receive information from you. Don’t just use email to sell; use it to inform, engage and entertain whenever possible to maximize its potential and keep your readers from going for an instant ‘delete.’

Earned Media

Along with content strategy and development as a whole, earned media is the bread and butter of our PR firm, and one of the most compelling reasons to work with an agency with a long history in a given market. Earned media provides a major boost to your brand’s visibility, recognition and authority. But using content to earn media attention doesn’t end with press release pitching.

My colleague Adrienne Newcomb wrote a great blog on using bylined articles to secure thought leadership coverage in key trade publications, and we’ve found that case studies, proprietary research reports, and pitching executive commentary on developing trends (great for sharing on social too) can have a big impact on a brand’s ability to get media coverage.

Whatever content you create for your owned channels, think about how you might be able to convince someone else to use it on their own platform. Without reinventing the wheel, you’ve greatly increased the value of a given piece of content.

Paid Media

Paid media can be a terrific option to supplement your owned and earned content strategies but should rarely, if ever, be relied upon to have a strong impact before the brand has developed those initial content foundations. We recommend thinking of paid media as the final exclamation point on a well-executed organic program that helps take successes to new heights. This doesn’t mean you need to have a killer email marketing program in order to promote high-performing blog posts on LinkedIn, but it does mean you shouldn’t be investing heavily in LinkedIn posts that direct back to a useless website. Determine the gap in your growth plan, create enjoyable content people want to engage with, build an audience that cares what you have to say, and use paid to take you over the top. If your foundation is strong, the potential ROI can be huge!

We’re here to help

Want to learn more about developing a content marketing strategy from scratch or optimizing a program already in motion? Reach out to us. We love talking about content and it’d be our pleasure to help you use your own media effectively and efficiently.

Greater Austin Business Awards – Here We Come!

Posted on | by Ketner Group

This blog post has been provided by our intern, Meghan Farrell.

We are thrilled to announce that Ketner Group Communications has been selected as a finalist for the Company Culture category of the Greater Austin Business Awards!

The competition is designed to honor excellence in business and recognize companies and organizations in the Austin region for achievements, community contributions and milestones. The Greater Austin Business Awards is one of the largest award and networking events in Central Texas, bringing together about 1,000 business leaders, entrepreneurs, organizations, government officials and regional chambers.

The culture at Ketner Group Communications is one of the many things that makes us unique, so we are proud of being named as a finalist in the Company Culture category. This award is presented to an organization that fosters a creative, collaborative company culture that is sustainable and retains employees – and that describes us perfectly.

Work-Life Balance

Ketner Group believes that having a healthy work-life balance is incredibly important. We offer flexible schedules and provide the opportunity to work from home, or virtually anywhere (even Ireland and Bali!), as our staff needs. Employees are encouraged to take time off when necessary, including much-needed vacations. It’s important to us that our employees are working at a comfortable pace while still producing incredible PR work for our clients. We love to include fun events during the week such as Taco Tuesdays, Wake Up Wednesday coffee runs, company lunches to celebrate big and small victories, and, of course, to celebrate any and all type of food/drink “days” (i.e. National Pizza Day) to keep our team motivated and morale high. Our motto is “work hard, play hard and be nice to people,” which we believe is the reason why our employees love working here, and our clients love working with us!

This healthy work/life balance encourages our employees to stick with Ketner Group for the long haul. On average, employees have stayed at the agency 4 to 5 years, which is way above average for PR agencies, and we’re working hard to make Ketner Group an ideal place for employees to spend the bulk of their career. Our SVP and partner Catherine Seeds will be celebrating her 17-year anniversary at the agency in November.

Professional Development

We believe professional growth is very important. Each employee is highly encouraged to contribute to outside professional organizations and community programs. To that end, each employee has a yearly budget for professional development. This allows them to travel/attend PR industry events, take classes to learn a specific skill set or anything else that will help them grow and develop as a PR professional.

Team Work Makes the Dream Work

At Ketner Group every opinion is not only listened to, but encouraged, no matter the rank or seniority of the person. Not just for client work, but for new business, company culture, process improvement, investment areas – literally anything. We encourage bold thinking and risk-taking. We think it’s important for all of our employees to know that they are heard and are an important part of why Ketner Group is the way it is. We believe in our team 100% so if a team member has an idea, we’ll always listen — and more often than not, we’ll act on it.

We are very excited and honored to be named a finalist for the Greater Austin Business Awards. Winners will be announced on Aug. 30 at the JW Marriot Austin!

International House of Branding

Posted on | by Jenna Jordan

IHOP is changing its name. Last week, the company tweeted (from its updated handle), “For 60 pancakin’ years, we’ve been IHOP. Now, we’re flippin’ our name to IHOb.”

In the week between the initial tweet and the official announcement, social media responded. The news definitely sparked my attention, and I haven’t stepped foot in an IHOP in over 10 years.

Many expressed outrage while others offered up guesses of what the “b” could stand for, and the IHOb account responded creatively to tease out the news and keep people guessing. Some notable predictions included breakfast, bacon, and even the right answer: burgers.

While the social media interaction was fun and sparked life into the brand, the big buildup to yesterday’s underwhelming announcement landed as flat as a pancake, in my opinion. I considered it misleading, as the company implied that the name change would be permanent, and instead it’s just a temporary ad campaign.

However, the PR stunt brought up a good point. It demonstrates how crucial branding and identity is to legacy brands. It also begs another relevant question…

When should you rebrand?


Rebranding makes sense when a company is shifting its services or has already made that shift – for example, offering more breakfast options than just pancakes. Apple Computers renamed to Apple, Inc. as they began to expand its product lines and sell more than computers. This was a natural move and made sense as the major brand identifier – Apple – was kept in the rebrand.

On a more personal level, this year yours truly changed our name from Ketner Group PR + Marketing to Ketner Group Communications. We’ve always been more than just public relations and marketing, offering services in social media, content development, and more, but we found it was time to change our name and logo to reflect that. But are we in the same boat as IHOP? Probably not.

Many food and retail brands never undertake such a public (or even private) rebrand, as the company name is the identifier for consumers. If they do, it’s a result of an acquisition, or done before they expand, like Starbucks did in its early years, originally named Starbucks Coffee, Tea and Spice. A smarter move for food and retail brands is a subtle logo change. And just a few years ago, IHOP did reveal a new logo. Last month, Best Buy redesigned its logo after 30 years. The font and colors are similar, and the yellow tag is still included to represent the company’s history. By changing its logo, Best Buy didn’t change its identity, but subtly alluded to how it’s adapting to an evolving retail environment.

IHOb is an example of how drastically changing one’s image, values or services can be met with hype, but also intense criticism. When undergoing a new logo design or rebranding – or in this case, just a burger campaign – brands should ensure that its essence is kept in the name.

INTRODUCING OUR NEW INTERN: MEGHAN FARRELL

Posted on | by Ketner Group

This blog post has been provided by our intern, Meghan Farrell.

Hey everyone! My name is Meghan Farrell, and I am a senior public relations major minoring in business at the University of Texas at Austin. I was born in Calgary, Alberta but moved to Houston, Texas about 14 years ago – what a change! I quickly grew to love the U.S., and appreciate that you can’t shovel humidity.

Moving to Austin for school has been an incredible journey, with the city feeling almost separate from the rest of the state. I have experienced so many new things, like kayaking below South Congress Bridge while the world’s largest urban bat colony flies above, and don’t even get me started on the food here – trust me, I won’t stop talking.

My love for public relations began my sophomore year of college when I realized it was all about stories. I love telling a good story to my friends, family, or whoever will lend their ear. It’s progressed to the point where friends will ask me to tell stories for them, even when I wasn’t there. Finding out there was a major where I could do what I already loved was the most relieving feeling, and once I began taking PR classes I felt at home.

Before beginning my internship at Ketner Group, I worked as a student assistant to the Public Affairs Director at UT’s Harry Ransom Center. Some of my daily tasks included drafting media advisories, creating media contact lists, and analyzing their social media statistics. I also learned a great deal about pitching to the media. I truly cherished my time spent there, and I encourage everyone to go check out their vast collections.

When I’m not writing papers, I like to spend my free time hanging by the water, watching Chopped, snuggling my cat Billy, or finding the next great restaurant in Austin. I also love returning to Houston to visit my family especially because of our newest addition to the Farrell clan, my 2-year-old niece Mila.

I am incredibly excited to be spending my summer with Ketner Group and look forward to the stories that lie ahead!

Retailers are fighting back this year on Prime Day

Posted on | by Ketner Group


This blog was written by our intern, Madeleine Hatley.

Amazon launched their third annual Prime Day starting Monday, July 10. Prime Day 2017 was the biggest sales day in history for Amazon, surpassing both Black Friday and Cyber Monday according to the Amazon press release highlighting the outcome of Prime Day this year. Despite popular opinion, this ‘micro’ holiday is not about boosting sales. It is simply a marketing tactic to advertise their “Prime” membership that guarantees customers fast shipping for an annual fee. And, boy, does it work.

Prime Day sales grew by more than 60 percent from last year, with a “record number” of Prime members shopping across 13 countries, Amazon said. It added that “tens of millions of Prime members” made purchases during Prime Day, up more than 50 percent from Prime Day in 2016.

According to a recent Consumer Intelligence Research Partners report, from June of 2016 to June of 2017, Amazon gained around 44 million subscribers. Although Amazon refuses to disclose an exact number, estimates show that Prime currently has around 85 million subscribers.

With 30 hours to shop, Prime members flocked especially to Amazon devices like the Echo, Fire tablets and Kindle devices, with the most popular device sold being the Amazon Echo Dot. Other top sellers include DNA tests for health and ancestry, gaming consoles such as the Nintendo Switch and PlayStation Plus memberships. The sales event also slashed prices on a number of fashion items and beauty products, including marked down fashion brands such as Calvin Klein, Gant and Tommy Hilfiger, with prices going down by as much as 40%, according to The Telegraph.

An Opportunity for Retailers
Although Amazon has seen major success from its annual holiday, it doesn’t mean that competing retailers need to fret. Research suggests that Prime Day could, in fact, be helpful to other online retailers. According to an analysis from Criteo, Prime Day creates a “halo effect” for other retailers, with online traffic increasing for major ecommerce sites around 15% on Prime Day 2016 and the day after, compared with weeks earlier.

 This means that Amazon Prime Day is the perfect opportunity for retailers to cash in on the consumption culture that the online giant created, a similar effect from Black Friday or Cyber Monday. Shoppers are on the hunt for well-timed promotions within this time frame, and it’s up to retailers to lure them in beyond Amazon’s borders. For example, Claus Commerce-powered Freeshipping.com boosted profits last year when they saw an uptick in their number of orders and the average order value, when they offered a 20% discount last Prime Day according to Bezinga, indicating that positive outcomes can come out of Prime Day, even for competitors.

Time to Get Creative
Retailers are trying harder this year to grab customers’ attention and drive sales around Amazon Prime Day. Kohl’s offered 30% discounts on summer clothes and accessories for 30 hours.  Other stores like Toys R Us and Best Buy were also ahead of the game and featuring sales lasting six hours longer than Prime Day, featuring sales on Google Home.

Retailers should learn that in order to compete with Amazon, they have to be creative in the way they advertise around this holiday fueled by capitalism. They will have to market products consumers want at a reasonable price, advance technology on mobile platforms and get innovative to grab customers’ attention.

Retailers that stepped up to the plate on Prime Day in terms of competition were Wal-Mart and its digital company, Jet.com, as well as Macy’s. Wal-Mart matched many of Amazon’s discounts on various items. Market Track compared prices and determined Wal-Mart’s efforts to compete stood out the most among many companies. Similarly, Macy’s hosted their annual “Black Friday in July” sale that offered 25% off site-wide and offered free shipping exclusively on Prime Day.

With sales expected to top $1 billion this year, Amazon has seen major success in its Prime Day efforts. Now, it’s up to competing retailers to strategize their game for next year so that e-commerce customers can focus their attention on deals outside of Prime Day.

A Ketner Q&A with David Matthews, Managing Director at REVTECH

Posted on | by Ketner Group

What is REVTECH and why did you start it?
REVTECH is a seed fund and accelerator program for leading retail tech startups.  I believe that Dallas is a logical hub for retail tech innovation given the number of national retailers headquartered here, most of whom are struggling to adapt to the rapidly changing retail model.  I started REVTECH because most of my most interesting deal flow (as a VC in Dallas for the past 17 years) has been in this sector.

What technology trends do you see most impacting the field?
The tools today’s consumer has at their fingertips bring selection, comparison and convenience never before seen in human history.  Retailers with legacy systems and processes simply can’t keep up.

How do you most like to stay up to date on trends?
I stay current on trends by monitoring the activities of the coastal VC’s and accelerators – especially those that focus on retail tech. I also evaluate the driving forces of M&A activity in the industry.

What’s the best piece of personal or professional advice you’ve been given?
Best advice I’ve been given is to surround myself with people smarter than me – not a high bar!

How did you get involved in the industry?
My involvement in retail began as a low-wage employee in my youth; it accelerated when I landed JCPenney as a major customer (in my past life as an entrepreneur) when they moved from New York to Dallas.

What are three things we wouldn’t guess to be true about you?
1) I’m personally a low-tech guy, only high-tech with my investments. 2) I’m a drummer (not a singer!). 3) I’m a Buckeye!

What do you think is the biggest change occurring in the retail industry?
The consumer’s growing ability to fill needs effortlessly and to focus their shopping efforts on the wants and unknown needs.

What do you do for fun?
Walk the dog, hang out with my wife and kids and occasionally disappear to my cabin in the mountains.

About David Matthews
David is the managing director and founder of REVTECH. David founded REVTECH in 2011 as a seed capital fund and accelerator program focused on technology innovation for the retail industry. He has over 25 years of experience in building and developing companies and investing in software startups. REVTECH has funded 30 companies to date, half of which were able to attract seed funding of $250k or more, and four that have achieved $1 million in revenue annually. David has also helped these startups create over 200 new jobs. His most successful endeavors include selling Green Mountain Energy to NRG and selling Fiber Systems International to Amphenol. Matthews was raised in Oklahoma City and earned his Bachelor of Science Degree from Ohio State University in 1986.

Projected Father’s Day Spending Reaches All-Time High

Posted on | by Ketner Group

This blog was written by our intern, Madeleine Hatley.

Dads, and retailers, will be getting some extra love this year on Father’s Day, according to the National Retail Federation’s annual survey conducted by Prosper Insight and Analytics. Total spending for the holiday is expected to hit a record high of $15.5 billion.

Consumers are spending differently this year and are focused on the experience rather than the gift. For retailers, this means traditional tactics such as ads featuring sporting goods or cars will not suffice. When it comes to marketing around Father’s Day, retailers need to add a personal touch to effectively reach their target consumer.

“This is especially true when looking at the buying habits of millennials, most of whom crave a deeper connection to the brands they support when they shop for Father’s Day gifts,” said Elaine Kwon, founder of e-commerce management firm Kwontified, in a recent Fierce Retail article.

Kwon further explained, “that shoppers love the delight of sharing a “cool new brand” as something that makes for a terrific gift. She foresees new brands with cult followings to transition strongly this Father’s Day. For example, she named brands such as Bevel and Dollar Shave Club.”

NRF says the average shopper will spend $134.75 this year on Father’s Day gifts. Beyond experiences, other popular gifts include gift cards, clothing and consumer electronics. Each of these categories are projected to sell over $1 billion this year. Gifts for handy dads such as tool boxes and DIY items were less popular but still expected to generate $885 million in sales. Retailers should curate their assortments and discount strategies across various categories to make the most of Father’s Day sales.

“Planning an assortment that goes beyond the usual cologne or bathrobe will work wonders for retailers looking to stand out. Since so many gift-givers want to surprise their dads with an experience, show how your products can tie into an exciting outing through your marketing campaigns,” recommends Angelica Valentine in a recent Quad Analytix blog referencing the NRF report.

Surprisingly, NRF reported that 39.9% of consumers plan on buying their gifts in department stores compared to only 33.7% planned to order gifts online. From rural strip-malls to major department stores, it has been a disastrous two years for retail. We keep hearing about the “retail apocalypse” and how everything is moving to e-commerce. Similar to Mother’s Day this year which also had record-high sales projections, many consumers still come to brick and mortar stores to touch and see, and make sure the gift is perfect for dad.

“Shoppers are planning to spend more than ever this year, and retailers have a lot to gain from this 8.4 percent larger projection over 2016 if they can tap into the right data,” said Valentine.

Last month, despite the projected increase in Mother’s Day spending, the retail industry experienced an unexpected decline in retail sales during May. We’ll have to wait and see if Father’s Day is able give the overall retail industry a boost for the month of June.

And there’s a niche market that definitely benefits from timely, gift-giving holidays. I am part of the majority of consumers (64%) that will buy greeting cards this Father’s Day. A sweet note adds a personal touch that any dad would appreciate. Personally, while shopping for the perfect card for my dad, I opted for a humorous approach (you know, dads love dad jokes). I decided on a Star Wars card with Darth Vader on the front that says, “We can’t pick our fathers so I sure lucked out with you.”

From all of us at Ketner Group, Happy Father’s Day!

 

Meet our newest addition to the team: Madeleine Hatley

Posted on | by Ketner Group

This blog post was written by our intern, Madeleine Hatley.

Hi, everyone! My name is Madeleine Hatley and I am a senior public relations major at the University of Texas at Austin. Coming from the small town of Paris, Texas, I was ready to head to a larger city with more growth opportunities and also more things to do other than take pictures in front of the world’s third largest Eiffel Tower complete with a cowboy hat.  During my spare time, I love seeing live music, discovering new restaurants, and taking my adorably fluffy Corgi, Oliver, to Zilker Park.

Prior to joining the Ketner Group team, I mainly worked in politics. My past experience has taught me that internships are vital to figure out what best suits your personality and what path you want your career to follow.

My first internship was with Texas Gov. Greg Abbott at Texans for Greg Abbott. I mainly worked on his social media, press releases regarding the governor and event scheduling. It was a great first internship in that I learned how to further develop my writing skills and got the opportunity to represent a single client via social media.

This past semester I was an intern at Axiom Strategies, a political consulting and public relations agency. I got the chance to represent and write for House and Senate members and meet lots of interesting people. I also got experience helping with crisis management and handling tricky situations that can easily escalate online and by word-of-mouth.

My cute puppy, Oliver. I wish he was still this size!

However, after two political internships, I decided it was time for a change of pace. I imagined I could be the real-life Kerry Washington in Scandal, but the job was far less glamorous than I imagined. The political sphere did not allow me to connect with people how I like to nor did it allow me to utilize much that I had learned in college. I felt like a small fish in a very large pond.

This is one of the reasons I think my internship at Ketner Group will be so valuable. The people here are so welcoming, actually care about your ideas and want to help you learn. On my first day, they ordered pizza for me and we all got the chance to get to know each other a little better over lunch. If my first day is anything like the rest of my internship, I know I will love it here. It took me long enough to find an internship that suited me!

Trial and error is the key to college internships. Get your first or second (maybe even third) internship out of the way to find which path you want to take. Internships give you real world experience so you aren’t forced to be in a field you dislike for the rest of your life. Try, try and try again until you get your dream internship that leads to your dream job.

As for my dream job after graduation, I would love to work in an agency setting that allows me to grow as a writer, team member and professional. I am a native Texan, so I would love to stay in Austin or move to Dallas to be closer to home.

I am very much looking forward to my time here and hope to learn valuable skills I can carry with me to my future career!

 

What I’ve Learned at Ketner Group

Posted on | by Ketner Group

This blog post was written by our intern, Daniela Ramirez. 

Find an Internship to Help You Develop These Four Skills

Senior year has held lots of great memories for me, from interning at Ketner Group to finishing my capstone project during my last semester of college. Working at Ketner Group throughout my senior year has been a wonderful experience as I gained a variety of skills, whether I realized it at the time or not. I believe a few of the skills I have learned along the way have been particularly critical in prepping me for the next phase of my career.

Teamwork
Teamwork really does make the dream work. What I have appreciated the most about Ketner Group is the team-oriented approach. They tackle everything with teamwork and include members of the team from every level, which has allowed me to gain experience in real client work. I never feel intimidated to ask questions, go to a team member to understand something better or pick their brain about a certain subject.

Time Management
The great thing about Ketner Group is that you are not solely assigned to one client so I’ve been able to work on a variety of projects and tasks. A valuable result of working on a multiple clients has been learning to manage my time, making the most out of deadlines and priorities.

Media Relations
One of the most valuable lessons I’ve learned about media relations is how big of a role research plays. Pitching media is nothing if you haven’t taken the time to research the best targets for a particular opportunity or idea. Being smart about the journalists you reach out to and making sure the information you are pitching them is relevant and appropriate is key for achieving media relations success.

Messaging
A big part of PR is looking at the bigger picture and understanding the noteworthy takeaways. When putting together customized pitches or content, understanding the overarching message and goals will help grab journalist’s and the reader’s attention.

Land an Internship to Help Gain These Skills
I have been fortunate enough to be a part of a team that challenges me everyday and pushes me to continue learning. I believe this is something everyone should look for an internship.

When seeking an internship, go after opportunities that spark your interest and relate to your passion. If you want to work at a non-profit in the long run, intern at a non-profit, but if you’re interested in working at a PR agency or corporation after graduation, find an agency or corporation with a strong internship program. A good place to start your search is by joining student organizations that are relevant to your major and attend events with companies, events or individuals that are of interest to your work. These opportunities are a great way to learn more about their day-to-day and will help you get your foot in the door.

Ultimately, make the most of your four years and put yourself out there; the more internships you do, the more you will learn and get a better idea of what you want to do after school. Before you know it, these opportunities will be gone and it will be time to enter the job market.

 

 

SXSW Gets Intelligent, Raises as Many Questions as Answers

Posted on | by Aidan Griffin

SXSW 2017 was a terrific week spent in the presence of some of technology’s brightest minds, music’s best acts and film’s most creative souls. For Ketner Group, the event was a chance to lose sight of reality and dive into the fascinating beyond, the next era of the intersection between technology and humanity. It’s exhausting work, but hey, someone’s gotta do it.

It seems that with each passing year, SXSW does a better job of asking questions than providing answers. Maybe that’s because each one-hour session doesn’t do the experts on stage enough justice. How can someone who has dedicated their life to mapping the human brain using machine learning break that work down in one hour, while sharing a stage with the founder of Siri and a biologist learning how to grow everything we need by having intelligent systems program atoms and microbes? It takes the hour just to fully realize how much smarter these folks are than you!

But understanding the question that needs solving is the key first step to success. And we saw a few critical questions arise that anyone involved in commerce and technology will need to consider within the short and long term to ensure their prosperity. Some will be answered before SXSW 2018, and some not for many years, but the work starts now. Let’s dive in.

Artificial Intelligence and Machine Learning
Unless you’ve been living under a rock for the last few years, these are some of the most hyped technological concepts out there. And they were everywhere at SXSW 2017. And really, they should be. AI and machine learning will be incorporated into nearly every aspect of retail, from logistics and distribution to marketing to in-store and online customer experience.

AI has the power to greatly reduce the stress of manpower on a retail business, opening up human capital for more valuable roles that drive better experiences. Intelligent systems will understand human language and new age personal assistants will make Amazon’s Alexa look like a pet rock.

And as the founder of Kasita revealed, even your living room will be AI-heavy to the point that it may actually be artificial intelligence in physical form. TVs, window blinds, thermostats and many other items will become smart gadgets, learning how to adapt to your lifestyle and reduce your time spent doing menial tasks, which include buying things like groceries or razors. Watch out, because this one is going to be fun.

Conversational Commerce
Siri started the voice command personal assistant craze that has since grown into a full force commerce craze. But based on nearly any metric – capability, adoption, competition – it hasn’t yet hit the mainstream and is nowhere near its full potential. Alexa and Google Home can’t understand complex speech patterns, can’t infer deeper meaning from simple requests and are prone to making real mistakes, like ordering something because it overheard someone on TV or a demanding child say it. Chatbots will combine the best of speech recognition and cognition to make customer service a breeze. No, really.

Our voices will eventually replace our hands as our primary machine operating tools, and how retailers integrate this technology into their omni-channel platforms will be fascinating to watch.

Social Commerce
The golden rule in payments innovation is not to compete against other forms of digital payments, compete against cash. Social commerce has long been an area that retailers have felt could be the next frontier in omni-channel commerce. And as they started to understand its potential, conversation apps outpaced them. So what’s the future of social commerce? Think small.

Commerce on social media or conversation apps is not a significant growth area for enterprise level business, at least not yet. And part of this is the limitation of highly complex payment, banking and regulatory systems.

Instead, this is an area in which independent businesses, individual sellers and developing nations are the true pioneers. In fact, according to Facebook’s Director of Commerce & Payment Partnerships, Facebook alone has over 5 million businesses registered, many using it as a critical platform to do business.

Sellers can create mini-storefronts on their Facebook or Instagram pages, listing the products they have for sale, deleting the posts once they’re no longer in inventory. They can use peer-to-peer payments apps like Venmo to manage cashless and remote transactions, and communicate instantly via apps like WhatsApp and create a marketplace for their goods much broader than available within the constructs of their physical environment and local infrastructure. 

blogpic

The question for major retailers will be whether they can integrate massive SKU count assortments into this sort of framework, if the social and conversation apps will evolve with their platforms to enable a simple integration, or if social apps will avoid the invasion of commercial interests on an otherwise personal interaction space.

What Now?
For now, we wait, we watch and we marvel at the technologies that are revolutionizing our world. Within retail itself, we’ll continue to see the automation of process, the personalization of marketing and experience, and the simplification of consumption. Where we’re going, we don’t need answers (right away), we just need the right questions.