Leadership is about setting new standards: Mukesh Ambani at IAA

According to Mukesh Ambani, Chairman& MD of Reliance Industries, Reliance will always remain invested in the businesses of the future and will always invest in talent

Ruhail Amin 09-October-2017

At the recently held International Advertising Association’s (IAA) Leadership Awards, Mukesh Ambani, Chairman & MD of Reliance Industries, won the Business Leader of the Year award for his immense contribution to building lasting businesses.
Speaking at the event, Ambani highlighted the journey of Reliance and its transformation from being a small enterprise to the global giant that it is today. He said, “I thank the jury and IAA for this recognition. For me personally this has been a 40 year journey. Reliance completes 40 years of being a public company. I have been fortunate to be part of the journey from year one. I still remember that when I started off, I was a student of chemical engineering. At that time Reliance was less than 5 million dollars in enterprise value. And in 40 years within India, as an Indian company, we are now over 250 billion dollar in enterprise value. That has been a phenomenal journey.”
Underling the vision of Dhirubhai Ambani that Reliance will remain invested in the businesses of future, he stated, “For the first 25 years for me, whatever I am today, and whatever recognition we get, we always stand on the shoulders of my father. He founded Reliance and he believed in the principle that as Reliance we will always remain invested in the businesses of the future and will always invest in talent. Over the last 40 years, we have done that. We believe in the power of youth. One consistent thing is that over the last 40 years, the average age at Reliance has consistently remained at around 30 years.”
Ambani also spoke about how Reliance has built technology businesses from day one and propagated technology companies in the energy area.
Speaking about the data revolution that his company Reliance Jio has ushered, Ambani said, “I am really proud of what our young people have achieved at Jio. They have again demonstrated what my father and I believe in which is that leadership is not about following anybody. Leadership is about setting new standards that nobody else has set. What we have done at Jio is that earlier India was 155th in mobile broadband ranking and in the first year one year after Jio was launched , India has become the number one and the largest mobile data market in the world. We have crossed over 50 crore hours of video viewing on smartphones. Essentially this market is moving to a mobile and video market and this again is a first in the world. Moreover, that is where the opportunity of a new India, especially for the youth of India, is in the coming years.”
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Britannia Industries calls for media review

Currently Essence (GroupM) is the agency on record (AOR) for Britannia which underwent massive rebranding exercise recently. Prior to Essence, the account was handled by Madison Media

exchange4media Staff 8 hours ago

Logo New Britannia

Britannia Industries will be announcing media agency review soon. The company sources have confirmed this development to exchange4media.

Currently Essence (GroupM) is the agency on record  (AOR) for Britannia which underwent massive rebranding exercise recently. Prior to Essence, the account was handled by Madison Media. The account size is estimated to be in the range of Rs 200 to 250 crore.

Some of the popular brands from the company include—Good Day, Tiger, Milk Bikis, NutriChoice, Treat among others.

In an earlier interview with exchange4media, Ali Harris Shere, VP-Marketing at Britannia had pointed out that the biscuit major was looking to align with big shifts taking place in the industry and according to reliable sources the call for media review could be a step in that direction.

“There are some big shifts happening in the consumer world and we track those shifts and we are moving in the same direction. At 100, we really thought we should reset ourselves and have the vision going forward,” Shere had stated.

 

 

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Even after spending Rs.100 cr, brands aren’t satisfied with media planning: R. S. Sodhi

At the 16th edition of the event, the MD spoke about how machine intelligence is helping farmer-based organisations, and about bringing in opportunities for AI

exchange4media Staff 16 hours ago

SodhiAmul

Artificial intelligence is undoubtedly changing the society and its foundation, but how much of it is actually happening at the ground level? How is technology transforming modern enterprises and FMCG companies?

R. S. Sodhi, MD, Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) gave a brief picture of how technology has enabled smoother operations inside Amul at the 16th edition of exchange4media Conclave on November 16.

Watch the video or continue reading:

He talked about how machine intelligence is helping organisations which are farmers-based and bringing in opportunities for AI. Sodhi set off his session on a lighter note joking how in his company he knew of only AI i.e. artificial insemination. He delved into Amul’s history, on how a 72-year old cooperative started off from a small town of Anand and went on to become India’s biggest dairy company.  

He explained with numbers, “We collect 23 million litres of milk per day, 85 per cent from Gujarat and 15 per cent outside. It is owned by 3.6 million farmers in Gujarat. It provides livelihood to millions of people. It’s the largest FMCG brand with Rs 41,000 crore for the fiscal year ’17-18. We are growing over the last eight years at CAGR of 18 per cent.”

Speaking of marketing, Sodhi mentioned that back in the day it was simple. “When I joined sales and marketing it was all about positioning the product and market. It was simple. There were mass media, mass marketing, and transaction. It was one-way communication. The balance was in the hands of the marketer.”

Sodhi added that now with the help of AI one can do fragmentation which was easy back in his days. But now after spending Rs.100 crores also brands aren’t satisfied with media planning because of social media. There are now opportunities for deeper two-way integration with consumers using digital technology. “Now communication is two way.”

Sodhi specified what he’s looking for an AI solution. It’s majorly to communicate with consumers directly, to see how technology can be used for deeper and targeted distribution for rural India and how to cultivate consumers’ interest and habit for products. “From 1952 till today we think that high business productivity will create more jobs and wages. But the reality is jobs are not coming.”

He then moved on to technology and how it enables deeper distribution. Monitoring performance of field staff without going to the field is possible with a distribution management system. Sodhi explained, “Most FMCGs are using this distribution management system which helps them monitor each transaction, plan production and know how much distributor has sold to each retailer.” AI has helped Amul and its management to know what’s happening at the retailer level, manage the inventory and ensure smooth transportation of finished product movement with GIS. Sodhi added, “You get to know whether the truck stopped in between or whether the lid of one of the cans has been opened.”

To overcome new age marketing challenges Sodhi advised keeping a finger on the consumer pulse, thinking or modifying strategy as per new age challenges, ensuring cost efficiency and excelling in core competency. “If the system is not cost-efficient for an organisation like ours, value for mass and value for money will not happen,” he warned.

Sodhi advised that AI should help in decision making but it shouldn’t be fully allowed to make decisions on behalf of the human, then it’s going to be dangerous. It should not replace the 'hunch', specifically.

The CEO signed off with a statutory warning, “AI is good if it’s going to serve humankind not only the bottom line.”

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Ashutosh Srivastava demystifies AI and ML for marketers

Chairman & CEO, AMEA, Russia, and CIS, Mindshare, delivered a masterclass on artificial intelligence, what it means, how it can be used and results verified to a packed audience

exchange4media Staff 17 hours ago

ashutosh mindshare

Artificial Intelligence has been demonised by some as the technology that will take away human jobs and diminish the role of humans in many processes, including creative. But it is in fact a technology that will enable humans to do better.  Sharing this view, Ashutosh Srivastava, Chairman & CEO, AMEA, Russia, and CIS, Mindshare, believes AI is a tool that will “amplify human intelligence.” 

Srivastava delivered a masterclass on artificial intelligence, what it means, how it can be used and its results to a packed audience at the exchange4media Conclave held in Mumbai on November 16. In his session, Srivastava focussed on explaining how to use AI to find the right people at the right time at the right platform and create engagement in a way that works for brands. 

Laying down the ground rules to create the best environment to harness AI, Srivastava said, “You need use your own data in your business, have the talent that understands marketing and tell the machine what to look for to make AI really work for you.”

One of the uses of AI that Srivastava highlighted was programmatic ad buying and digital ad insertions personalised at scale which cannot be done manually by humans. In fact Mindshare has used AI in the form of Anna which uses a bespoke AI to construct an integrated media and creative algorithm that powers the operations at the DSP and DCO platforms. The personalisation of the ad creative resulted in an 2.5X increase in CTR for the brand, enabling it to target consumers at 7,000 odd touch points. 

He further explained how a machine clusters touchpoints that are more favourable for advertisers and can automatically buy ads as per the millions of combinations of those touch points thereby reducing the cost cost per acquisition for a client. Srivastava then showed the audience how AI can help find the right target audience among a sea of audience. 

Srivastava also touched upon how AI can be used to make predictions of the next big moment for a brand to place ads.  

“This is just the beginning of how AI is changing deployment,” he said. He further added that as marketers begin to get familiar with AI they should start doing small pilot projects, capture those learnings and make them bigger. 

Watch the entire session here: 


 

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Tributes Pour in for Alyque Padamsee

Ad veteran Padamsee, aged 90, passed away on Saturday

exchange4media Staff 2 days ago

padamsee

The advertising fraternity woke up to the sad news of the passing of ad man and theatre maven Alyque Padamsee

Padamsee touched the lives of many advertising professionals during his career, shaping them and sculpting them into the leaders that they are today. 

Many of those whose lives Padamsee influenced took to Twitter, sharing their impressions of the legendary man whom they knew as God. Even the Prime Minister of India, Narendra Modi, tweeted his condolences. “Saddened by the demise of Shri Alyque Padamsee. A wonderful communicator, his extensive work in world of advertising will always be remembered. His contribution to theatre was also noteworthy. My thoughts are with his family and friends in this sad hour,” PM Modi tweeted. 

Here’s a look at some other tributes that poured in: 

 

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PlayShifu launches a globe enhanced by Augmented Reality for kids learning

The globe called Shifu Orboot allows children to explore the world beyond boundaries through the companion app, providing an immersive and interactive learning experience

exchange4media Staff 1 day ago

PlayShifu Orboot Augmented Reality

Playshifu, the brand for educational learning toys for kids in India, launches its new product - Shifu Orboot. The toy is a one-of-its-kind globe enhanced by Augmented Reality for kids learning. In India, it is available on PlayShifu website, Amazon, Flipkart, Hamleys, Toys”R”US, Crossword, Landmark and many other retail stores in metropolitan and Tier II cities.

Shifu ‘Orboot’ allows children to explore the world beyond boundaries through the companion app, providing an immersive and interactive learning experience. ‘Orboot’ app is available on both Android and iOS and works with smartphones and tablets as well. The new product from Playshifu sensitises the young minds to understand the cultures and people around the world making them global citizens. With a passport, country flags and travel stamps included, Orboot completes the experience for the little globetrotter. It is an educational toy for the ever-curious child that sparks curiosity and helps build knowledge, linguistic and cognitive skills.

Commemorating the launch of ‘Orboot’ in India, Vivek Goyal, Founder & CEO, PlayShifu said, “PlayShifu has successfully delivered world-class innovation through PlayShifu’s products to a market which had suffered from a lack of innovation till date. Through the power of ‘Orboot’ and the connected mobile app, now children can travel the seven continents from the comfort of their homes. They can explore the cultures, inventions, monuments, wildlife, cuisines, maps, and weather relevant to each location.”

The digital gameplay is enriched with realistic 3D figures, engaging voice-overs, and regional music. Shifu Orboot has won hearts among children, parents, and educators all across the world and we are gaining great acclamation in India as well. We look forward to bring all new range of Augmented Reality toys for interactive learning of kids in the coming time,” he added.  

PlayShifu has launched its consumer technology products in 11 countries and has participated in the largest global trade fairs including the New York Toy Fair, Hong Kong Toy Fair, and the Nuremberg Toy Fair. Along with other products from Playshifu, Shifu Orboot also sells globally through Amazon and various retail channels in countries like US, UK, Canada, Poland, Germany, Japan, Australia, and the Middle East.
 

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exchange4media Influencer of the Year Award conferred upon Virendra Gupta and Umang Bedi

Flashed on Friday: The award honours visionaries who have transformed the industry and inspired the next level of growth

exchange4media Staff 15 hours ago

Award

 

Virendra Gupta, Founder & CEO, Dailyhunt and Umang Bedi, President, Dailyhunt were honoured with the exchange4media Influencer of the Year Award.                                                               CVL Srinivas, Country Manager, WPP and the winner of the 2017 exchange4media Influencer of the Year award and Raj Nayak, COO Viacom18 who was the winner of the 2016 exchange4media Influencer of the Year award presented the award to the duo.

 

 On working together with Gupta and the win, Bedi said, "Its been the most amazing enterprenuial journey. Viru and I have been brothers because we are so aligned in our thinking. He understands bharat at the grassroots level and I understand the scale of businesses. We are so complimentary in our skill-sets. In life you need an elder brother. And for me, that's what he stands for."

An elated Gupta said, "On the behalf of team Dailyhunt, I humbly accept this award. As you know, our vision is to bridge the digital divide and we proud ourselves as one of the companies that is trying to fight off the digital prominence of Facebook and Google. We are 150 million monthly active users and till next year, we should be 300-350 monthly active users. This award is a belief by all of you in us and we are just getting started."

Beginning in 2016, the exchange4media group initiated the Influencer of the Year award. The award honours visionaries who have transformed the industry and inspired the next level of growth while progressively using innovative technology for business achievements.

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#e4mConclave: Photo Gallery

A few snapshots from the exchange4media Conclave held on November 16 at the Taj, Santacruz in Mumbai

exchange4media Staff 2 days ago

conclave

The exchange4media Conclave, sibling of BW Businessworld, is considered the highest authority in the business of media, marketing and advertising news and developments. The event was held on November 16 at the Taj, Snatacruz in Mumbai and the theme this year is “Marketer and Machine: How AI will transform marketing?. Virendra Gupta, Founder & CEO, Dailyhunt and Umang Bedi, President, Dailyhunt were honoured with the exchange4media Influencer of the Year Award (Main image).   

Here are some snapshots from the event:

Tamara Ingram Worldwide CEO, J Walter Thompson delivers her speech at the e4m Conclave in Mumbai

Prof. Amarjeet Patpatia, Associate Dean, ICFAI Business School (IBS), Mumbai

Ashutosh Srivastava, Chairman & CEO, AMEA, Russia & CIS, Mindshare delivering a special address on the topic Decoding Artificial Intelligence & Machine Learning in the Context of Marketing 
 

R. S. Sodhi, MD, Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) (AMUL)

Rahul Agarwal, Managing Director & CEO, Lenovo India

Fireside chat: Vikram Sakhuja, Group CEO, Madison Media & OOH, Madison World in conversation with Vivek B Srivatsa, Head-Marketing, Passenger Cars, Tata Motor 

Panel discussion (L-R): Navneet Narula, of Watson Consumer Engagement, India and South Asia, IBM India, Arvind Chintamani, VP-Marketing, Colgate Palmolive India, Mayank Shah, Category Head, Parle Products, moderator Bindu Sethi, Chief Strategy Officer, JWT India, Anirudh Pandharkar, Head of Marketing, VIP Industries, Pradeep Hejmadi, CEO, Aidem Ventures Pvt, Ltd., Juzer Tambawalla, Head of Marketing, Franklin Templeton

The audience at exchange4media Conclave

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e4m Conclave: JWT Worldwide CEO Tamara Ingram discusses AI and creativity

Ingram discussed ‘Hu(man) and Machine’, and whether AI can be creative

exchange4media Staff 2 days ago

Tamara Ingram

From smartphones to driverless cars, there is no denying that artificial intelligence is pretty much becoming commonplace. But what does AI mean for creativity? Does it mean the ability to gain an intelligent creative or marketing "assistant" thereby freeing you to focus on being truly strategic at your work? Should you embrace it or does it pose as a threat?

Answering all this and more at the exchange4media Conclave which took place on November 16 in Mumbai, Tamara Ingram, Chief Executive Officer of J. Walter Thompson, the Headline Speaker at the annual event, discussed ‘Hu(man) and Machine’, and whether AI can be creative.

Ingram addressed the future of creativity particularly in the context of AI. “Five years ago, I never thought that a machine, something like AI, will replace what it means to be human,” she exclaimed. 

The CEO discussed media, how creativity is placed and how AI can help with it all. “AI is going to ask us fundamental questions on what it is to be human. “It’s only fair to say that at the moment, we’re standing at the edge of a precipice when it comes to AI and data,” reflected Ingram. She asserted that the power that AI has, it is changing the way, we are teaching people, it is changing the way products are generated and that in the end will change creativity. 

She revealed that if you actually Google search, you will see 4.9 billion searches for creativity and 4.2 billion searches for AI. “AI is becoming as important in people’s minds as creativity,” Ingram said.

Addressing the dilemma whether AI is a friend or foe, she reflected, “What I found distressing is that when you think about AI, people are very concerned about their jobs and the consequences. When we look at Facebook, American elections and what happened, we think that is the information that AI fetches is a help to creativity or is it going to dampen the impact and differentiation.” 

Ingram shared that her contention today is that there is nothing new in AI. “What’s new is the power of what we can do with AI and the power of how it can either help us with creativity or take away from it,” she pointed out. 

She highlighted AI’s power of prediction. “Humans have emotions and that may affect our predictability. The machine has the power to predict like nothing else can. It enables us to predict cancers and generate personalized medicines. It’s enabling us to save the world. Products, after all, are things that solve problems. Our job is around producing and marketing of these live-changing products. I believe it will change the world to something much better than what we are seeing.”

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#e4mConclave: Be there today to know how AI will transform marketing

Today at the exchange4media Conclave, decision makers from the media & advertising industry will discuss trends that assist them in growing the overall business

exchange4media Staff 3 days ago

e4m conclave

AI in marketing is gaining ground with more and more brands incorporating machine learning to leverage customer data and enable behavioural targeting. With the evolution of big data, digital marketers can build a clearer picture of their target audience, which can greatly boost their campaigns’ performance and ROI.

The 16th edition of exchange4media Conclave will bring together thought leaders from across the globe to give an in-depth insight on how AI is changing society and the foundations of business. The event scheduled for today in Mumbai will follow the theme of ‘Marketer and Machine: How will AI transform marketing?’

Today, some of our key speakers include Tamara Ingram, Chief Executive Officer of J. Walter Thompson Company, who will be the headline speaker at the event, speaking on the topic ‘Artificial intelligence and Art’. The next special address will be by Ashutosh Srivastava, Chairman & CEO, AMEA, Russia, and CIS, Mindshare who will talk about 'Decoding Artificial Intelligence & Machine Learning in the Context of Marketing'. RS Sodhi, Managing Director, Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) (AMUL) will also give a special address on the topic 'Ground Reality: How Is Tech Transforming Modern Enterprises'. 

This will be followed by a Panel Discussion on ‘Human Insight Vs. Artificial Intelligence’ moderated by and Bindu Sethi, Chief Strategy Officer, JWT India. The esteemed panel includes Navneet Narula, Head of Watson Customer Engagement - India and South Asia at IBM India; Arvind Chintamani, VP Marketing, Colgate Palmolive India; Mayank Shah, Category Head, Parle Products; Anirudh Pandharkar, Head Marketing, VIP Industries; Juzer Tambawalla, Head Marketing, Franklin Templeton; and Pradeep Hejmadi, Group CEO, Aidem Ventures Pvt Ltd.

After an interactive and engaging panel discussion, the evening will move towards Fireside Chat with Vivek B Srivatsa, Head-Marketing - Passenger Cars, Tata Motors in conversation with Vikram Sakhuja, Group CEO, Madison Media & OOH, Madison World, discussing the ‘Power of Print’. This will be followed by our next speaker for the event, Rahul Agarwal, CEO and Managing Director, Lenovo India, who will discuss AI and its implications for organisations and individuals.

A Master Class will also take place simultaneously by Rupin Nanani, Head - Research and Analytics, Zirca, who will cover the topic ‘Building efficiencies with Native Advertising’.

The evening will conclude with the Influencer of The Year Award to be conferred by our past winners CVL Srinivas, Country Manager, WPP and Raj Nayak, COO, Viacom18. The Award honours visionaries who have transformed the industry and inspired the next level of growth while progressively using innovative technology for business achievements.

Come join us today to hear more from our key speakers. Click here: https://e4mevents.com/conclave-mumbai-2018/
 

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Sunfeast Yippee brings its new range exclusively to Bigbasket users for a week

Following the week, it will be distributed to all other e-commerce portals, modern and general trade stores nationwide

exchange4media Staff 3 days ago

SunfeastYippeeLaunch

Sunfeast Yippee!, ITC Food Division’s popular instant noodle brands, has tied up with online grocery store Bigbasket for its new ‘My’ range. As part of the partnership the four variants from this range (My Crazy Chow, My Madly Manchurian, My Mystery Masala and My Truly Chicken) will be available exclusively at the online grocery for over a week.

Following this. it will be distributed to all modern and general trade stores nationwide. With this one week tie-up the brand hopes for an ‘instant’ feedback from the 25 cities (where Bigbasket has a presence).

Hemant Malik, Divisional Chief Executive − Foods Division, ITC Ltd, explains, “People will taste it and then post it. That gives me the confidence of continuing with all four variants. Is there something that’s lacking? Can I do some quick fix around that?”

With Yippee! ‘My’ range, the brand expands its portfolio to young consumers with unique offerings that reflect their consumption choices and provides a new twist with unique flavour combinations. With Yippee Mallik’s focus is entirely on kids and insists on creating a new generation with the same.  

“We found that there is a generation which has been brought up on Maggi. I need to create a new generation. In kids TG we are the most preferred brand. As they are growing up – We have been there for seven-eight years. So my TG has also grown up and are now 15-16 years old. I want to make sure my new variants cater them" he added.

When asked about the target Malik answers, “We are looking to grow faster than the industry rate of 8-9 per cent.”

Each pack is of 60gms and all vegetarian variants are available for Rs 15 while the non-vegetarian, Truly Chicken variant is priced at Rs 18.

The promotion for this tie-up is happening only on digital. On the site of Bigbasket its landing page informs about the exclusive launch with a contest and combo offer.

Hari Menon, Co-founder and CEO, bigbasket said “Product marketing is witnessing a paradigm shift in India. Many players are also launching their products online thanks to the surge in e-commerce in the country. We are delighted to be partnering with Sunfeast Yippee! to launch the new variants of their widely loved instant noodles exclusively on the bigbasket portal. It is a never-before offer which will not only catapult the popularity of the brand but also resonate with bigbasket's policy of bringing new and exciting offers to our customers. Our endeavour is to make the customer experience better at every step and this partnership will do that and more.”

Menon shared that they are looking at this partnerships with other brands and are aiming for a launch every quarter. The promotion and mainstream marketing for ‘My’ range will start in a month after Sunfeast has achieved ‘ a certain amount of distribution.’

The brand will also work with 80-100 micro-bloggers across India for them to try and taste it. “Let them try, taste, cook it and give their feedback. In fact, our whole TVC is around that as well,” Malik informs. For the Foods Division of ITC Ltd ecommerce platforms contributes to almost 1.5 per cent of the overall sales. “To put it in perspective modern trade is about 13-14 per cent. As marketers, we have to make sure that in every channel our presence is there so that at every access point the consumer is able to get our product.”

Malik is quite content with the progress Yippee has made in the packaged noodles segment. It is Rs 1000 crore brand with 22 per cent market share. He confesses of the category undergoing through a tough time and feels these developments will benefit the category overall.

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