MAM
MindShare promotes Amin Lakhani to head Fulcrum
MUMBAI: Here is another media professional who is getting more regional responsibility. And that gent is Amin Lakhani whom Mindshare has elevated to Leader – Team Unilever south Asia.
In his new role Amin Lakhani will be heading Fulcrum, a unit of Mindshare that manages the media planning & buying for the Unilever business in South Asia, including India, Pakistan, Bangladesh and Sri Lanka. He will be replacing Anupriya Acharya who is moving on from the organisation.
Amin has around 15 years experience which includes a stint as a product manager with an Indian pharmaceutical company and in media agencies. During his time with GroupM India, Amin has handled various roles starting with Maxus as the training head for west region, moving on to GroupM as west trading head and then on to Mindshare where he played the architect of The Exchange function in 2008, finally leading up and becoming the trading lead for Unilever business.
Announcing the appointment, Mindshare leader south Asia Ravi Rao said, “Amin was our unanimous choice and we know he will turn a new chapter in Mindshare Fulcrum by raising media excellence in strategic planning and world class execution backed up with award winning innovations for Unilever. We wish Anupriya all the best and thank her for a short but great stint at Mindshare Fulcrum.”
Commenting on his new role Lakhani said, “It is an exciting opportunity especially in challenging times. Mindshare Fulcrum has been a centre of excellence. I am looking forward to building on our strong base and continuing to provide delight to India‘s most esteemed client, Unilever.
Speaking to indiantelevision.com Anupriya Acharya said, “I leave as new challenges beckon me! But I have thoroughly enjoyed leading Team Unilever south Asia for Mindshare, especially through the challenging review year of 2012. The significant progress made in strategic initiatives, content, experiential, awards won and many other best practices has been truly rewarding for me both personally and professionally. Both the client and my larger organisation have been very supportive. I leave with rich experience and happy memories of steering this massive ship and will miss my rock-star team! I wish all of them all the very best.”
MAM
The Merit of Madness: How AI is Changing the Game in Advertising
By Ritz Malik, founder, Ritz Media World.
MUMBAI: When it comes to growth in a competitive landscape, a businessman always has to be a firm believer in Darwinism. You either need to bring a better product, or a better price, or both to the table to get customers and scale. Without this value proposition, you remain unnoticed, and staying unnoticed is not something that a brand wants to do.
You have to do all this and also make sure that you stay cashflow positive at the same time. Otherwise, you’re at a real risk of becoming a large hollow balloon that your competitors are just waiting for to explode or implode under its own weight.
As we’ve entered the era of AI, the notion of a product’s efficacy, cost efficiency, marketability, workflow management, and logistics reliability has become increasingly relevant and prevalently impactful. None of this is background noise anymore. It is the difference between bleeding money on traditional media and actually engineering a profitable campaign.
For example, META’s AI Algorithm has finally given us the ability to measure the ‘CREATIVE’ for a business’s promotions. The best part is that we can do so organically. Content that is actually relevant to the target audience gets more views through reach. This tells us exactly how the audience is reacting before we even scale the budget. This is how we have been gifted the ability to provide merit to the madness of the creative process.
So, our process is as follows:
A set of creatives is built for social media
Their performance is closely monitored for reach and engagement.
Based on the best organic performance, we choose the creative.
Make micro adjustments to add a sales proposition and CTA (but keep it subtle)
Publish the modified creative as an ad.
There’s a lot that goes on in between, but this is the basic method for getting it right. And this is just the AI that’s being used by platforms across the world.
AI utilisation is something that has greatly made the creative process a lot easier. As an agency that thrives on coming up with ideas that are out of this world, we have made the most of leveraging AI to bring ideas to life without spending a fortune.
So, this way, the ability to create high-impact brand stories is no longer under the tyrannical gatekeeping of large budget organisations. It is now that merit solely falls on the storyteller.
Now, AI-powered content production and the AI algorithm on Social Media platforms are asking the question: Is your content compelling?. If yes, the audience will watch your content, share it, and engage with it.
And when it comes to keeping budgets down, we can surely say that it holds the capability to execute million-dollar shoots at a fraction of the cost.
For example, we recently came across a creative challenge by a major Real Estate Developer from Gurugram. They had signed a celebrity couple for their brand ambassadorship a few months ago. They were now about to launch their new project, but for some reason, they could not get their shoot done.
What we came up with was to use the likeness of this celebrity couple and place them throughout the project’s feature video. With the help of AI generation, we were able to rebuild a completely new feature video with their brand ambassadors in 2 days, and no additional physical shots were required.
Imagine being able to save 50-60 lakhs in production costs, 15-20 days in production time, and comfortably be ahead of schedule to launch the project.
This has changed the game entirely. With AI, you can now just acquire the likeness rights of celebrities, and you can just build environments and scenarios with them. The balance between creative and artificial intelligence isn’t a battle for control; it is simply the ultimate tool for survival and scale in a landscape that rewards the fastest and the smartest.
