Category: Digital

  • “The ASCI Academy is a timely response to the changing advertising landscape marked by shorter campaigns”: ASCI’s Manisha Kapoor

    “The ASCI Academy is a timely response to the changing advertising landscape marked by shorter campaigns”: ASCI’s Manisha Kapoor

    Mumbai: The Advertising Standards Council of India (ASCI) has unveiled the ASCI Academy, a pioneering initiative poised to amplify the advertising industry’s capacity to create more responsible and progressive advertising campaigns. Building upon ASCI’s established corrective role which comes alive post ad publication, this  pioneering platform embeds self-regulation right at the point of the inception of  advertisements.

    In today’s digital landscape, characterised by brief campaign durations and a surge in number of advertisers, the ASCI Academy is positioned to empower current and future industry professionals including influencers and students with a foundational understanding of advertising regulations, ensuring ethical practices from the outset.

    The ASCI Academy’s core mission is to cultivate a cohort of advertising professionals dedicated to upholding responsibility in advertising, ultimately upholding consumer trust in brands.

    The Academy has over 50 founding partners and supporters including Cipla Health Ltd, Coca-Cola India Pvt Ltd, Colgate-Palmolive (India) Ltd, Diageo India, Hindustan Unilever Ltd, Mondelez India Foods Pvt Ltd, Nestlé India Ltd, PepsiCo India Holdings Pvt Ltd., Procter & Gamble Home Products Pvt Ltd, several leading universities and colleges, prominent Civil society organisations such as Mumbai Grahak Panchayat, Consumer Voice, CUTS, CMS and others, and, industry bodies  like the ISA, AAAI, IAA and ISWAI, as well as research insight organisations.

    Indiantelevision.com caught up with ASCI CEO & secretary general Manisha Kapoor, where she provides details on the reason for launching this academy, on ASCI guidelines, and more….

    Edited excerpts

    On the reason for forming  ASCI Academy

    The ASCI Academy is a timely response to the changing advertising landscape marked by shorter campaigns and a surge in advertisers. It aims to shift self-regulation from ad publication to creation, emphasizing ethical practices from the outset. By consolidating ASCI’s thought leadership and education programs, the Academy equips industry professionals, influencers, and students with a deep understanding of advertising regulations, promoting responsible advertising practices right from the start. It’s a pivotal move towards fostering ethical advertising practices in an evolving industry.

    On the aim behind ASCI altering its guidelines on health & finance influencers

    ASCI updated its guidelines for health and finance influencers to adapt to the changing digital landscape and combat potential issues related to misleading advertising in these sectors. The aim is to ensure greater transparency, accuracy, and responsibility in influencer marketing, especially in areas where misinformation can have serious consequences.

    For health influencers, the new guidelines require them to possess suitable qualifications in the health and nutrition field. This ensures that influencers have the necessary knowledge to provide accurate information about health-related products.

    For financial influencers, particularly in the BFSI sector, SEBI registration is now mandatory when offering investment advice. Qualifications are also required for other financial advice, enhancing the credibility and reliability of financial guidance provided by influencers.

    These changes align with the Department of Consumer Affairs’ and other government entities’ mandate, requires experts, celebrities, and influencers in health, fitness, and finance to disclose their qualifications when endorsing products or services. This step will help in ensuring consumers receive reliable information, especially in the era of widespread financial advice on social media.

    On  consumers relying on influencers despite of tons of misinformation available on the internet

    Despite the abundance of misinformation on the internet, consumers continue to rely on influencers for several compelling reasons, as revealed in ASCI’s Influencer Trust Report (Feb. 2023). The report, based on a survey of 820 individuals, found that 79 per cent of respondents trust influencers. This trust significantly impacts consumer behavior, with 90 per cent of respondents admitting to making at least one purchase influenced by an influencer’s recommendation. Consumers have a unique relationship with influencers, relying on them for advice and product suggestions. This trust in influencers has made influencer marketing a highly effective tool for brands.

    In essence, consumers’ trust in influencers persists because these digital personalities have successfully built credibility, authenticity, and relatability in the eyes of their followers. As a result, their recommendations carry significant weight and impact consumer behavior, contributing to the enduring popularity and effectiveness of influencer marketing in the digital age.

    On ASCI benefiting from the various tie-ups to educational institutes

    ASCI’s collaborations with educational institutions through the ASCI Academy strategically close the knowledge gap in academia. While schools excel in teaching marketing effectiveness, they often overlook regulatory and ethical aspects in communication—a critical omission given the impact on brand reputation and risk.

    These alliances empower ASCI to seamlessly integrate ethical and regulatory dimensions into academic curricula. Future marketing professionals not only grasp marketing effectiveness but also understand their ethical obligations in communication. This enriches ASCI’s programs, shaping students who appreciate that ethical advertising practices are vital not just for compliance but also for safeguarding brand reputation in our closely monitored digital age.

    Beyond education, these partnerships bring fresh perspectives, keep ASCI at the industry’s forefront, and nurture emerging talents. Our collaborations enhance ASCI’s thought leadership, bolstering its programs and promoting relevant research, cementing its status as a major influencer in advertising ethics and regulation.

    Our partnerships provide fresh perspectives, keeping ASCI up-to-date with industry trends and ethics. We spot and support emerging talent during their academic journey, ensuring a future workforce versed in responsible advertising. These collaborations also enhance ASCI’s thought leadership, strengthen educational programs, and promote industry-related research, solidifying ASCI as a pivotal influence in advertising ethics and regulation.

    On ASCI’s guidelines on generative AI in today’s advertising world

    In the world of contemporary advertising, Generative AI has emerged as a dominant force. It has transformed the landscape by allowing advertisers to automate the creation of diverse content, spanning from text and images to articles and marketing materials. While this technology presents incredible opportunities, it’s important to acknowledge the challenges and risks it brings. These challenges include potential copyright issues, the need to prevent the generation of unlawful content and concerns related to data privacy.

    At ASCI, we recognise the significance of Generative AI in Advertising, we have taken a proactive step by releasing a comprehensive whitepaper titled ‘Leveraging Generative AI: Opportunities, Risks, and Best Practices.’ This paper highlights the existing regulatory uncertainties and the complexities involved in employing AI in advertising.

    As the evolving landscape continues to present uncertainties, we acknowledge there are several ambiguities. Prior to the establishment of formalized guidelines, advertisers can refer to the principles outlined in our whitepaper. These principles can serve as a valuable framework for making decisions regarding accountability, operational transparency, and assessing the broader societal impact of AI in advertising.

  • PIPO collaborates with #ARM Worldwide to create an AI-infused fantasy popcorn wonderland

    PIPO collaborates with #ARM Worldwide to create an AI-infused fantasy popcorn wonderland

    Mumbai: PIPO (snacks brand from Modi Naturals) under a strategic partnership with #ARM Worldwide, aimed at immersing audiences in an enchanting universe fuelled by generative AI and innovative design, giving life to a captivating fantasy world abundant with popcorn.

    In a recent unveiling, PIPO introduced a captivating collection of creatives meticulously curated in collaboration with Adobe Firefly, enhanced by #ARM Worldwide’s creative insights in design and aesthetics.

    Modi Naturals CMO Mukesh Ghuraiya expressed, “At Modi Naturals, we wish to present our customers with an unforgettable gift – a chance to immerse themselves in the fantasy world they’ve envisioned. This collaboration exemplifies the powerful synergy between technology and creativity, showcasing the remarkable outcomes that arise when these forces unite.”

    The creatives, launched in a storytelling format, take us on a captivating expedition, where explorers discover an enigmatic “PIPO Planet,” an unparalleled haven for popcorn lovers. The discovery of mountain peaks adorned with golden popcorn and the emergence of fiery popcorn volcanoes collectively reveal a gateway to the wondrous ‘PIPOVerse’. This revelation redefines the joy of enjoying popcorn, while offering a surreal escape into a parallel world where nature’s whimsy knows no bounds.

    #ARM Worldwide CEO & co-founder Manas Gulati said, “We recognise that AI is becoming a fundamental element within the creative formulation process, and its strategic utilisation can significantly elevate creative outputs to unprecedented levels. At #ARM Worldwide, we consistently seek emerging technologies and innovations to foster creativity, and this campaign for PIPO Popcorn stands as a testament to the extraordinary possibilities that lie at the intersection of imagination and exploration. Modi Naturals is an ideal collaborator in this endeavour to harness and implement these innovative solutions effectively.”

    The mesmerising creatives stand as a testament to the boundless possibilities arising from the fusion of human imagination and generative AI. #ARM Worldwide, renowned for its expertise in creative, media, and digital transformation domains, played a pivotal role in refining these creatives into visually compelling designs that leave an indelible imprint on the viewers’ minds.

    The series stimulates a sense of joy and nostalgia associated with popcorn, leaving the audience yearning for more. So, stay tuned to witness more magic from the cosmic world of PIPOverse, where popcorn dreams come true.

  • Weekend Unwind with: Animeta SVP – branded content & creator projects Vishu Ray

    Weekend Unwind with: Animeta SVP – branded content & creator projects Vishu Ray

    Mumbai: With another weekend upon us, it is time to unwind with the latest Q&A edition of Indiantelevision.com’s Weekend Unwind—a series of informal chats that peek into the minds of business executives through a fun lens in an attempt to get to know the person behind the title a little better.

    In this week’s session, we have Animeta SVP – branded content & creator projects Vishu Ray.

    As one of the founding members of Meta’s India media partnerships team, Ray has been at the forefront of consulting hundreds of top media partners across TV, digital publishers, creators and talent agencies, helping them build strong and meaningful content communities, and also drive significant business success, on Meta’s platforms. As one of the foremost advocates for creators, Ray has led several key video product launches, monetisable content programs, pop-cultural campaigns, creator and brand education initiatives – such as ‘Born On Instagram’, ‘India Creator Day’ and many others, that have had an industry-wide impact, galvanising and shaping the narrative for the Indian creator economy.

    Ray has championed many creator grooming projects & programmes, which have helped 250K+ creators become ‘Mega’ & ‘Macro’ creators. Prior to this stint at Meta, he has worked with popular TV brands such as STAR Movies, STAR World, AXN, and Zoom, among others, and is an electrical engineer & an alumnus of MICA.

    So, without further ado, here it goes…

    1.Your mantra for life
    Stay with your breath.

    2.A book you are currently reading or plan to read
    Rag Darbari – by Shrilal Shukla

    3.Your fitness mantra, especially during the pandemic:
    TBH, I didn’t have one.

    4.Your comfort food
    Khichdi with a lot of veggies, with a piece of crispy fried fish or an omelette on the side.

    5.A quote or philosophy that keeps you going when the chips are down
    ‘तय है वक़्त का गुज़रना’
    (A desi and more definitive version of – This too shall pass)

    6.Your guilty pleasure
    Eating something sweet everyday.

    7.The last time you tried something new
    It was at the start of this year, when I joined this amazing new creator-first start up called Animeta.
    (After having worked only in various MNCs the last 17 years, including behemoths such as Star TV, Sony, Facebook/Meta, this was definitely a big but a highly worthwhile change.)

    8.A life lesson you learned the hard way
    The great Sufi poet, Sant Kabir, had said:
    “Dheere dheere re manaa, dheere sab kuchh hoye. Maali seenche sou ghadaa, ritu aaye fal hoye”
    (Slowly-slowly, my dear heart, everything happens slowly. The gardener may water (the plants) a hundred times. But they only bear fruit, when the right season comes).
    We often expect to change the course of nature, and expect results for our efforts right away. But many worthwhile things take their own time to happen.

    9.What gets you excited about life?
    The sun, the stars, and this world teeming with so many lives. To have found my own place amidst it all, fills me up with wonder – and excitement.
    (Borrowed from a song by the great poet Tagore).

    10.What’s on top of your bucket list?
    I am a highly serendipitous being, who hopes to live out things as spontaneously as possible.
    But if the good vibes from the readers can improve the chances of them happening,  then presently, it’s between watching a Euro/Wimbledon/FIFA World Cup final, travelling to rural Japan, or getting to witness the great migration of wilder-beasts in Masai Mara.

    11.If you could give one piece of advice to your younger self, what would it be?
    No sincere hard work or good effort ever goes to waste. Everything you are doing now, is a preparation for the future.
    Don’t forget to enjoy the journeys, in the pursuit of destinations.

    12.One thing you would most like to change about the world
    A default and in-built filter in every human, that detects any signals of a privileged mindset early, and sets off a self-correction sequence automatically, till it’s recognised and erased.

    13.An activity that keeps you motivated and charged during tough times
    Spending time with my family and friends.

    14.What lifts your spirits when life gets you down?
    Spirits! Kidding. Though a stiff one at the end of a tough week, definitely helps.

    15.Your go-to stress buster
    Playing a game of FIFA on PS.

  • How banking correspondent programs can be used to promote financial literacy and education

    How banking correspondent programs can be used to promote financial literacy and education

    Mumbai: Financial literacy is a crucial component of modern-day living, even though a significant percentage of the world’s population still lacks this understanding. For making informed decisions, efficiently managing one’s personal finances, and actively engaging in the economy in today’s challenging financial environment, it is essential to have an in-depth understanding of financial principles and practices. Unfortunately, a lack of financial literacy adds to economic inequality and sustains financial exclusion.

    However, a ray of light has emerged in the form of banking correspondent programs, which have received attention for their potential to increase financial literacy and education among neglected areas. These innovative attempts deliver banking services to those who live in remote or underserved areas where typical bank branches are not accessible. These programs, in addition to offering basic financial services, provide an unusual opportunity to engage directly with clients, including customized educational workshops, digital literacy training, and counselling on saving and responsible borrowing. Moreover, financial institutions can empower individuals with information through banking correspondent programs, creating financial inclusion and opening the route for economic empowerment.

    Here’s a look at how banking correspondent programs can be harnessed to bridge the financial literacy gap and empower individuals to achieve financial stability-

    Banking Correspondent Programs: An Understanding

    The goal of banking correspondent programs is to make banking services more accessible to people living in remote or underserved areas that lack regular bank branches. On behalf of banks, these programs provide basic banking services, handling a variety of financial operations like deposits, withdrawals, fund transfers, and more. The agents, also known as banking correspondents, carry out transactions utilizing mobile devices or other digital tools as an intermediary between the banks and the customers.

    The potential of banking correspondent programs to provide financial services to previously unbanked or under banked people is one of their main benefits. Large populations in many developing nations, particularly those in rural areas, have limited access to traditional financial institutions. Their inability to engage in the official economy makes it difficult for them to save money, and get credit or insurance. Financial institutions can overcome geographic boundaries and reach even the most remote areas of the nation by implementing banking correspondent programs.

    Empowering Through Financial Education

    Banking correspondent programs can be effective tools for advancing financial awareness and education beyond the most fundamental financial services. They can contact consumers directly and personally thanks to their local presence, which provides an opportunity to inform and empower them with crucial financial knowledge.

    Tailored Workshops and Training Sessions

    Banking correspondents can deliver specialized workshops and training sessions on various financial topics to meet the specific requirements and expectations of the community. For instance, budgeting, saving, comprehending interest rates, managing debt, and making wise investment selections are just a few of the subjects that can be covered in these sessions. Individuals can develop a deeper understanding of financial ideas and learn how to apply them to their everyday life through engaging discussions and real-world examples.

    Promoting Digital Literacy

    As digital platforms take over more and more of the financial landscape, financial literacy in the modern day also incorporates digital literacy. Numerous banking correspondent programs use digital interfaces and mobile devices to operate, introducing people to technology and digital financial services who have never used them before. Financial correspondents help improve overall digital literacy, which has advantages that go beyond financial services by assisting customers in using digital platforms safely and productively.

    Innovative Educational Tools and Resources

    Technology developments have created a plethora of possibilities for presenting financial education in unique and interesting ways. Banking correspondent programs can use technology to give users access to educational content including infographics, videos, and interactive learning modules. Furthermore, gamification is another effective strategy that can be used to make financial education engaging and immersive. Individuals can learn about finances in a more relaxed and enjoyable way, increasing the likelihood that it will keep with them over time, by converting it into a game or competition.

    Measuring Impact and Effectiveness

    It is essential to regularly assess the impact and effectiveness of banking correspondent programs to guarantee their success in fostering financial literacy and education. To track the progress of their initiatives, banks, and other financial institutions should invest in reliable monitoring and assessment systems. Stakeholders can identify areas that need more attention and focus their educational efforts accordingly by gathering and analyzing data on financial behaviour, knowledge advancement, and consumer satisfaction. This data-driven methodology enables ongoing program optimization and improvement, which improves outcomes for the communities they serve.

    Banking Correspondent Programs: Bridging the Financial Literacy Gap

    Programs for banking correspondents offer a viable way to address the knowledge and education gap in financial matters. These programs can equip people with the information and abilities to make wise financial decisions by bringing financial services closer to left-out populations and utilizing personalized interactions. Banking correspondent programs have the potential to create a more financially inclusive society where everyone can actively engage in the economy and achieve greater financial stability through specialized teaching initiatives, cutting-edge tools, and a focus on fostering trust. Furthermore, continued cooperation between financial institutions, decision-makers, and community stakeholders is necessary to realize this vision, ensuring that financial literacy becomes a pillar of sustainable development and economic advancement.

    The author of this article is SAVE Solutions Pvt. Ltd. MD, CEO & co-founder Ajeet Kumar Singh. 

  • SBI Life Insurance launches its very first ‘LifeVerse Studio’

    SBI Life Insurance launches its very first ‘LifeVerse Studio’

    Mumbai: In today’s rapidly evolving digital landscape, the next generation of the internet- ‘metaverse’ represents a paradigm shift in the way people connect, interact and experience in the online world. SBI Life Insurance, one of the most trusted private life insurers in the country, recently launched its very first ‘LifeVerse Studio’, on Metaverse to connect with the next wave of young internet users and revolutionize consumer experience in an immersive virtual world. The objective behind the move is to connect, empower and engage with today’s new age consumers and reshape brand interactions. To further strengthen its commitment towards empowering both the employees & consumers at large, the company aims to launch its presence on metaverse in phases, SBI Life’s ‘LifeVerse Studio’ being the first phase.  

    By seamlessly incorporating a spectrum of technologies such as Augmented Reality (AR), Virtual Reality (VR), and other innovative digital mediums, being available on metaverse continues to transform consumer its transformative journey across diverse industries. In this wave of innovation, the life insurance sector stands as no exception.

    SBI Life’s ‘LifeVerse Studio’ is designed for the users to create their avatars to connect with a diverse set of audiences. The users can select from a wide range of interesting avatars and showcase their creative self on the platform through their avatars. This new initiative presents captivating content and stories featuring personalities such as Anshula Kapoor, Durjoy Datta, Anushka Rathod, and Tejas Joshi, allowing users to immerse themselves in inspirational narratives about these influential individuals and liberate them to fulfil their aspirations while they take care of their existing responsibilities. Furthermore, the Avatars can interact in real-time, fostering vibrant communities of like-minded individuals.

    At the launch of SBI Life’s ‘LifeVerse Studio’, SBI Life Insurance chief of brand, corporate communication & CSR Ravindra Sharma said, “As a customer-centric organization, we, at SBI Life are committed to advancing digital innovations that enhances customer experiences. We have always been looking forward to take progressive steps to connect with our customers wherever they are present and available for interaction. Foraying into Metaverse by launching SBI Life’s very first ‘ LifeVerse Studio’, we embark on a new & transformative journey that not only reshapes perception towards life insurance but also redefines brand-consumer interactions. In the era of digital transformation, the metaverse emerges as a beacon of innovation, revolutionizing online engagement. SBI Life’s ‘LifeVerse Studio’ represents our enthusiastic foray into this innovative space, promising a positive impact on our valued customers and cultivate meaningful engagements.”

    He further added, “Through SBI Life’s ‘LifeVerse Studio,’ we embrace the new platform to empower our customers, enabling them to connect, explore, and be inspired in a truly immersive manner. We also aim to transcend conventional boundaries, overcome geographical barriers and extend our reach to every corner of the country, employing imaginative and making a meaningful impact on consumer’s financial well-being.”

    Dentsu Creative president digital experience Sahil Shah said, “Metaverse is not just a technological evolution; it’s a paradigm shift in how we connect and engage online. With SBI Life’s ‘ LifeVerse Studio’, we are stepping into the future of brand communication where passions unite and immersive interactions bring people together like never before. Phase 1, i.e. SBI Life’s ‘LifeVerse Studio’, is just the beginning of our journey to create a virtual space that fosters meaningful connections between passion chasers and our audience in the metaverse. It’s an exciting step towards building a community that thrives on shared interests and experiences.”  

  • Global leaders unite for progress: G20 Summit 2023 promises hope and co-operation

    Global leaders unite for progress: G20 Summit 2023 promises hope and co-operation

    Mumbai: The G20 Summit 2023 is set to grace New Delhi on 9 to 10 September 2023. As India wraps up its year-long presidency, the summit will culminate with the adoption of the G20 Leaders’ Declaration, solidifying the commitment of participating leaders to the priorities established during various ministerial and working group sessions. It will be the first G20 summit to be held in India as well as in South Asia.

    The theme for G20 Summit 2023 is ‘Vasudhaiva Kutumbakam — One Earth, One Family, One Future.’ This theme draws its inspiration from the ancient Sanskrit text of the Maha Upanishad, highlighting the intrinsic value of all life forms, from humans and animals to plants and microorganisms. It underscores their interconnectedness on planet Earth and in the broader cosmos.

    Additionally, the theme sheds light on ‘LiFE’ (Lifestyle for Environment), emphasising environmentally sustainable and responsible choices, both at the individual and national levels. This approach aims to spark global transformations towards a cleaner, greener, and more sustainable future.

    In an interview on 26 August 2023, prime minister Narendra Modi expressed optimism about the G20 countries’ evolving agenda under India’s presidency, shifting toward a human-centric development approach that aligns with the concerns of the Global South, including addressing climate change, debt restructuring through the G20’s Common Framework for debt, and a strategy for regulation of global cryptocurrencies.

    G20 India has put forth six agenda priorities for the G20 dialogue in 2023

    ●    Green Development, Climate Finance & LiFE

    ●    Accelerated, Inclusive & Resilient Growth

    ●    Accelerating progress on SDGs

    ●    Technological Transformation & Digital Public Infrastructure

    ●    Multilateral Institutions for the 21st century

    ●    Women-led development

    ●    Officials say African Union’s inclusion in G20 may happen, giving it voting rights. G20 nations support this proposal. Decision pending. It is one of the main agenda in Delhi G20 Summit

    With all this, let us see what the industry experts have to say regarding this year’s summit.

    Edited excerpts

    BuyUcoin CEO Shivam Thakral

    This can be an astounding achievement for every crypto-vibrant ecosystem on a global scale. India’s presidency at the G20 can bring together a collective worldwide effort to regulate and harness deep tech to its full potential. The recent acknowledgement of a much needed regulatory framework for AI & Crypto will instill confidence among the Indian masses that have already adopted some forms of AI or Web3 in their lives while the industry has set its eye on upcoming G20 meetings for more clarity.

    Tezos India president Om Malviya

    Global coordination of crypto regulations is imperative in today’s interconnected world. The crypto space is evolving rapidly, and as it does, it becomes increasingly important for countries to collaborate and establish a uniform, crypto-friendly policy framework. A discussion on crypto policy within the G20 summit would be a significant step forward. It can pave the way for a more coherent and balanced approach that fosters innovation while safeguarding against risks. By harmonising regulations and promoting responsible crypto adoption, we can harness the full potential of blockchain technology, ensuring it benefits individuals, businesses, and economies worldwide. It’s time for nations to come together and shape the future of crypto in a way that’s both progressive and secure.

    Liminal country head- India & global partnership Manhar Garegrat 

    It’s great to see consensus from global leaders on the fact that crypto is a global digital asset followed by calls  from leading economic officials for global coordination of crypto regulations. The rapid growth of the digital asset industry has created new challenges for regulators and it is important that the regulators work together with the industry to develop a comprehensive and consistent regulatory framework. With a global regulatory framework in place we can expect to better tackle challenges such as money laundering, terrorist financing, and market manipulation. We have already seen glimpses of this positive impact with the Travel Rule framework created by the FATF and supported by exchanges, custodians and other virtual asset service providers (VASPs). At Liminal we are confident that we will be able to develop a comprehensive and consistent regulatory framework that addresses the risks associated with digital assets while also supporting innovation and economic growth. We look forward to working with regulators around the world to achieve this goal.

    WiFi Map CEO & co-founder Denis Sklyarov

    At the G20 summit, a global force to be reckoned with, there exists a remarkable opportunity to rally nations towards governing and unleashing the immense potential of deep tech. Cryptocurrency, epitomizing disruptive innovation, are emblematic of our evolving technological landscape. With the G20’s collective wisdom, we can responsibly integrate AI and cryptocurrencies into our societies. Let’s seize this moment to craft a harmonious future where technology elevates humanity rather than subdues it. Together, we can forge a world where innovation serves us all.

    Apollo Green Energy & Apollo Supply Chain chairman & managing director Raaja Kanwar

    India’s G20 presidency serves as a testament to our nation’s dedication to shaping a more inclusive and promising global future. In an era of heightened global interdependence, where borders blur, and cooperation is paramount, the G20 emerges as a pivotal forum.

    Through 200 meetings this year, we’ve forged bridges, found common ground, and addressed global economic and financial challenges. With strong macroeconomic fundamentals, robust finances, and a dedication to climate leadership, India shines as a beacon of hope. It brings together the world’s largest economies to collectively confront multifaceted issues with far-reaching consequences.

    The G20’s utmost priority must be addressing economic recovery and growth, coordinating efforts to ensure economic stability, stimulate job creation, and reduce income inequality. Climate change and sustainability constitute another urgent focus, reduce greenhouse gas emissions, and transition to sustainable energy sources.

    Central to the G20’s agenda must be promoting free and fair trade fostering a level playing field for all nations. It should focus on policies that support social development and address global poverty reduction, while ensuring financial stability through global financial system regulation, preventing future crises, and supporting economic stability, including debt relief for developing countries.

    The G20’s evolving role on the global stage necessitates extensive collaboration and consensus-building among its member nations, enabling us to collectively address these intricate challenges and chart a path towards a more promising, fair, and sustainable future for everyone.

    GS1 India CEO S. Swaminathan

    India’s G20 presidency is an excellent opportunity to showcase the country’s economic and technological prowess on a global scale. As the world’s fastest-growing major economy, India could lead the G20’s efforts to secure global economic growth and prosperity. The country can leverage the spotlight to significantly impact the development of global standards and solutions for efficient supply chain management. We believe this is a critical area and can help global businesses improve efficiency, reduce costs, and enhance transparency. With a renewed focus on supply chain management, India can demonstrate its keen leadership in promoting sustainable economic growth. We believe this will benefit businesses and enhance India’s reputation as a global leader in innovation and technology. Moreover, we are sure that discussions around enhancing standardisation and supply chain resilience at the G20 summit can promote traceability and interoperability, which is crucial for businesses and governments to ensure ethical and sustainable practices.

    Cryptoxin founder Durga Prasad Tripathi

    The G20 Summit is a testament to the profound impact that human collaboration can have on the course of history. It’s not algorithms or machines but the collective will, wisdom, and compassion of world leaders that shape our global destiny. As we convene, we must remember that our actions ripple far beyond this moment, affecting billions of lives. Our decisions, born from human deliberation and understanding, hold the power to drive positive change, promote peace, and address the most pressing issues of our time. In an increasingly interconnected world, the G20 Summit is a vivid reminder that it is the human touch that ultimately steers the ship of progress.

    AMO Mobility managing director Sushant Kumar

    As India assumes the presidency of the G20 this year, our country has an opportunity to shape the global agenda on pressing issues such as geopolitical tensions, economic slowdown, and climate change. G20 represents 60% of the world’s population, over 80 per cent of the world’s GDP,  and 75% of international trade, which makes it a force for securing global economic growth and protecting the environment. We believe the G20 summit could be a potent platform for world leaders to discuss policies that may positively impact initiatives on climate change and sustainability. The summit could propel a shift from petroleum and other fossil fuels to alternative energy sources, which could also benefit the EV ecosystem. In fact, India is pitching itself as a manufacturing hub for fast electric chargers, EV batteries, and effective battery recycling at the summit. This could boost the industry and jolt demand for electric vehicles in the country. While the summit may not directly impact the EV manufacturers, it could be a big step towards reducing emissions and creating job opportunities across India.

    Lares Algotech director Maya Sharan Singh

    As the eagerly anticipated G20 Summit approaches, all eyes are on Delhi, where this esteemed gathering of global leaders is set to take place on September 9th and 10th. The Group of Twenty (G20), known as the premier forum for international economic cooperation, plays a pivotal role in shaping the global economic landscape.

    The G20 Summit brings together leaders from the world’s largest economies to discuss fiscal policies, trade agreements, and monetary strategies. It is known for its influence in fostering international trade and cooperation, which tends to boost investor confidence and propel stock prices upwards.

    The G20 Summit is a crucial event for the global economy, and its outcomes can significantly influence financial markets, including those in India. As we approach this momentous occasion, we are closely monitoring developments and analyzing potential market trends that may emerge as a result of the summit.

    Indian investors must closely monitor G20 deliberations, as decisions made at this global forum can profoundly affect the nation’s economic prospects and stock market performance.

    DiamondXE CEO & founder Ankit Singh Kimtee

    As the 2023 G20 summit convenes in New Delhi, we endorse a global digital environment that is open, fair, and secure for all. E-commerce, besides being a vital engine of growth and innovation, is also a key enabler of social inclusion. We believe it is crucial to harness the potential of e-commerce, especially to empower rural communities and small businesses. As an e-commerce platform, DiamondXE proudly represents the emergence of a transformation that brings transparency, efficiency, and value to the diamond industry. We invite you to join us on this journey and discover the convenience of buying diamonds online.

  • Demystifying Digital Marketing: Your Guide to Business Growth in the Digital Age

    Demystifying Digital Marketing: Your Guide to Business Growth in the Digital Age

    Mumbai: As the digital landscape continues to evolve, harnessing the power of digital marketing has become an absolute must for every business seeking growth and success. Today’s world is experiencing an unprecedented surge in internet users due to greater proliferation. Leveraging digital marketing provides brands with direct access to millions of these internet users, especially in a country like India, where 47 per cent of the population is digitally connected and spends an average of 7 hours 19 minutes every day surfing the internet, as per a 2022 report by Nebula.

    Businesses today have numerous online platforms, from websites and social media to email and mobile apps, presenting an unprecedented opportunity to connect with their target audience, elevate brand awareness, drive sales, and propel their brand to new heights. Making the most of these digital channels can result in a staggering revenue increase. A prime example of the same is Flipkart, which reported a 47 per cent increase in its Gross Merchandise Value (GMV) in 2022, thanks to the series of digital marketing campaigns it ran.

    Attaining such a growth trajectory often requires a compelling digital marketing strategy, which may initially seem daunting. However, with the right approach and tools, it gets easier than ever. Here are a few tips that can help your business achieve better growth by harnessing the power of digital marketing:

    Know Your Goals and Audience

    Before starting any digital marketing campaign, you need a clear idea of what you want to achieve and who you want to reach. Your goals should be SMART: specific, measurable, achievable, relevant, and time-bound. For example, you can increase website traffic by 20% in the next three months. According to a survey by Octane Research, the top three digital marketing goals for Indian marketers in 2022 were increasing website traffic (64%), generating leads (58%), and improving brand awareness (54%).

    Your audience is the people most likely to be interested in your products or services. You must understand their demographics, preferences, pain points, and online behaviour. You can use tools like Google Analytics, Facebook Insights, or surveys to collect data about your audience and create buyer personas.

    Choose the Right Channels and Tactics

    Selecting the right digital marketing channels and tactics is akin to choosing the perfect ingredients for a recipe. Just as each ingredient contributes to the overall flavour, your choice of channels and tactics must align with your brand’s goals and target audience. You must select your brand’s most suitable digital marketing channels and tactics based on your goals and audience. There are many options available, such as:

    •    Email Marketing: Send personalised and relevant messages to your subscribers via email. With an average ROI of 122 per cent, email marketing can help you build trust, loyalty, and repeat purchases.
    •    Blogging and Podcasting: By creating and distributing valuable and engaging content for your audience through blogging and podcasting, you can establish authority, educate your prospects, and drive traffic to your website, as per a 2021 study by HubSpot, companies that blog get 55% more traffic than those that don’t.
    •    Social Media Marketing: Social media users spend an average of two hours and 25 minutes daily on social platforms, a 2022 report by DataReportal states. This highlights the crucial role social media platforms like Facebook, Twitter, Instagram, or LinkedIn can play in a brand’s digital marketing strategy. By connecting to their target audience via social media platforms, businesses can establish a genuine connection with them, which may later be translated into customer loyalty and revenue growth.
    •    Influencer Marketing: Influencer Marketing refers to collaborating with renowned personalities and can help boost your credibility, awareness and sales. According to a report by Influencer Marketing Hub, influencer marketing has an average ROI of $5.78 for every $1 spent.
    •    Outdoor Advertisement: Using digital screens or billboards in public places like airports, malls, or bus stops to display your ads or messages can help capture attention, increase recall, and drive action. A report on the Global Outdoor Advertising Industry by Global Industry Analysts Inc. indicated that digital media in outdoor advertising is expected to grow at a CAGR of 11 per cent from 2020 to 2026.
    •    Affiliate Marketing: Affiliate Marketing refers to paying commissions to other websites or individuals who promote your products or services on their platforms. This tactic can help you expand your reach, generate leads, and increase sales. Data from ‘The State of Affiliate Marketing Benchmark Report 2023’ by Influencer Marketing Hub reveals that affiliate marketing accounts for 15% of all digital media revenue.

    Create High-Quality Content

    Content is the core of any digital marketing campaign. Create high-quality content that is relevant, useful, engaging, and consistent for your audience. The content should also reflect your brand’s voice. Depending on the channel and tactic you choose, you can create different types of content, such as:

    •    Blog posts
    •    Podcast episodes
    •    E-books
    •    Infographics
    •    Videos
    •    Webinars
    •    Case studies
    •    Testimonials
    •    Social media posts
    •    Email newsletters
    •    Landing pages
    •    Social media ads

    Measure and Optimise

    The last step in creating a successful digital marketing strategy is to measure and optimise your performance. Tracking and analysing the critical performance metrics indicates how well your business achieves its goals and reaches the audience. Some standard metrics include:

    •    Traffic: The number of visitors who come to your website or landing page
    •    Engagement: The number of likes, comments, shares, or views your content receives on social media or other platforms
    •    Leads: The number of prospects who show interest in your products or services by filling out a form, subscribing to your email list, or downloading your e-book
    •    Conversions: The number of leads who become customers by making a purchase, signing up for a trial, or taking another desired action
    •    Revenue: The amount of money you generate from your digital marketing campaigns

    You can use tools like Google Analytics and Google Search Console to measure and optimise your metrics. Regular tests and experiments can help determine what works best for your brand and audience.

    To Sum Up

    In the dynamic realm of digital marketing, the possibilities are as vast as the online landscape itself. Armed with a comprehensive understanding of your goals and audience, a well-chosen mix of digital channels and tactics can elevate your brand to unparalleled heights. Remember, the heart of this journey lies in crafting compelling content that resonates with your audience and reflects your brand’s essence. As the digital realm constantly evolves, the ability to measure, analyse, and adapt remains crucial in optimising your strategies for continued success. By masterfully navigating these proven strategies and best practices, you possess the key to surviving and thriving in the ever-expanding digital realm, ushering your brand into a future brimming with growth and success.

  • “Social media is a cornerstone of elevating brand visibility within digital advertising”: Digidarts’s Siddhartha Vanvani

    “Social media is a cornerstone of elevating brand visibility within digital advertising”: Digidarts’s Siddhartha Vanvani

    Mumbai: DigiDarts is one of India’s leading digital marketing agencies. Founded by Siddhartha Vanvani in 2014, with eight years of experience that connects with customers through innovation-led insightful growth strategies. As a Google Premier Partner & Meta Partner, they excel in boosting performance and enabling growth by offering holistic performance marketing solutions including Branding, Creative Storytelling, Organic & Content Marketing, Marketing Automation, Media Planning & Buying, etc.

    They have a client list including Meesho, DealShare, Boddess, Industry Buying, GlobalBees, Gromo, Birkenstock, ASICS, Bombay Shirt Company, Swiss Beauty, Toms, and many more.

    Indiantelevision.com caught up with Vanvani, to know more about the ever evolving digital marketing landscape.

    Edited excerpts

    On strategies Digidarts employ to stay up-to-date

    We actively engage in meaningful dialogues with esteemed partners like Google, LinkedIn, Apple, Taboola, Snapchat, Hotstar, CRED, and Meta ads. Our approach involves active participation in webinars, seminars, workshops, and conferences that are exclusively tailored to the dynamic landscape of digital marketing. We stay informed and inspired by following distinguished digital marketing authorities, influencers, and thought leaders across various platforms including social media, blogs, and podcasts.

    Our commitment to growth is highlighted through our attendance at industry-centric networking events, both in the virtual realm and offline, creating valuable connections with peers, potential mentors, and collaborative allies. Furthermore, we uphold an ongoing practice of benchmarking against competitors across diverse verticals, ensuring we maintain a pulse on industry trends and remain proactive in our strategies.

    On Digidarts measuring the effectiveness and ROI of its digital marketing campaigns?

    Our approach is assessing effectiveness and ROI involves key strategies. Firstly, we prioritise SMART goal-setting as the foundation of our measurement efforts, encompassing objectives from website traffic to sales growth. Secondly, we employ robust tracking tools like Google Analytics, Google Tag Manager, CAPI (Conversion API) by Meta, and Facebook Pixel for meticulous user interaction analysis. In e-commerce, we utilise specialised tracking monitors for sales, order values, and conversions. A/B tests are done to refine strategies by comparing ad creatives and landing pages. We perform comparative analysis to benchmark campaign performance against industry standards, thus revealing the market position. To summarise, our comprehensive methodology includes SMART goals, advanced tracking, e-commerce metrics, A/B testing, and comparative analysis, capturing campaign effectiveness and ROI holistically.

    On the role social media plays in enhancing brand visibility in digital advertising

    Social media is a cornerstone of elevating brand visibility within digital advertising, which enables transforming the process into an authentic and relatable experience. It’s like a bustling marketplace where brands don’t just showcase products but also share their stories, values, and aspirations. This dynamic platform fosters a sense of connection and community, bridging the gap between brands and their audience. Through engaging content, real-time interactions, and even behind-the-scenes glimpses, social media paints a vivid picture of the brand’s personality.

    Moreover, the power of sharing can’t be underestimated. When users resonate with content, they willingly share it, creating a ripple effect that extends the brand’s reach beyond initial expectations. This peer-to-peer endorsement enhances credibility and trust, nurturing a loyal following.

    On data privacy regulation impacting personalised digital marketing practices

    Data privacy regulations in India have ushered in a new era of consideration and respect for individuals in personalised digital marketing endeavours. These regulations, such as the Personal Data Protection Bill, 2022, recognize the importance of safeguarding personal information and empowering users with control over their data. This shift has prompted marketers to adopt more transparent and ethical practices.

    While these regulations impose stricter requirements on data collection and usage, they encourage a more meaningful approach. Marketers now need to forge genuine connections with consumers, seeking explicit consent and providing clear explanations about data utilisation. This human-centric shift necessitates a departure from invasive tactics towards value-driven engagement.

  • Urgent: Protecting our kids from predators demands immediate awareness

    Urgent: Protecting our kids from predators demands immediate awareness

    Mumbai: In the digital age, the rapid expansion of technology has brought about both unprecedented opportunities and disturbing challenges. One such disconcerting challenge is the emergence of child predators, individuals who exploit the innocence and vulnerability of children for their own sinister motives. Child predators exploit various platforms, from social media networks to online gaming communities, to manipulate and groom young victims into engaging in harmful activities.

    As a society, it is imperative that we confront this grave issue head-on, understanding the methods predators employ and taking collective action to protect our most vulnerable members – our children. In this discussion, we will delve into the unsettling world of child predators, examining their tactics, the impacts on victims and families, and the measures that can be taken to prevent and combat their activities.

    Qissé Films in partnership with MISSING, an NGO working on child trafficking prevention, has released a PSA (Public Service Announcement) that aims to create awareness and drive conversations around child online safety.

    Conceptualized by Qissé Films and MISSING, the film features the narrative of two young children from different backgrounds and how they get exploited by strangers who pose as friends on social media. It showcases how easily they fall prey to online traffickers even from the perceived safety of their homes. The film ends with a cautionary message of introspecting who you are really talking to online. It shockingly reveals that these predators target children as young as nine years and shares a WhatsApp number that can be reached out for anyone seeking help.

    The PSA is supported by NCPCR (National Commission for Protection of Child Rights) and Cyber Peace. It is playing across PVR theatres in the country.

    Indira Aditi Rawat, the director of the film, says, “Having worked with non-profits focused on children for many years, I was clear that the film should avoid sensationalism or melodrama and maintain authenticity. The narrative journey should be simple and show how ordinary conversations can lead to distressing situations for children who are isolated from their parents when spending time on their devices.”

    Luv Kalla and Richa Maheshwari, Founders of Qisse Films, say, “We’ve all had worried conversations about our children spending more and more unsupervised time online. To make the online space safer for our kids, we need to get these conversations out of the living rooms and to the public forums. We at Qissé are glad to be able to create a film and aid MISSING, who are doggedly working to raise awareness, educate and push for policy initiatives to create a safe online environment for our children.”

    Leena Kejriwal, Founder Missing Link Trust and strident advocate for anti-child trafficking and child safety, says “Our children in India face the highest risk of online abuse in the world, with a child being either abused or going missing every 10 minutes. Films play a powerful role in building public awareness, which is the first step in prevention. Qissé’s impactful film will help us prevent online abuse by building awareness about the alarming statistics and beginning a dialogue about the issue with parents, children, schools and the community at large. There is an urgent need for the public to get involved and help build a safer online world for our children.”

    The helpline WhatsApp chat number is 60030 60040, and it aims to provide 24/7 information and assistance to parents and children grappling with this issue.

    Indiantelevision.com in conversation with Leena Kejriwal, Founder – Missing Link Trust on the research done by them, the messaging and much more…..

    On why this messaging is important now

    India unfortunately leads the world in child abuse statistics. Every 10 minutes an Indian child either goes missing or is abused. From 2017-2020, 24 lakh CSAM cases were reported from India. This number increased to 56 lakhs in 2022, registering a six per cent increase from 2021.

    The restrictions of movement and social distancing measures during COVID-19 pushed the whole world and their children online. The children came online way faster than we expected and there was no basic education or systems of digital hygiene and cyber civic sense in place.  A study conducted by McAfee reported that children in India are among the youngest to reach mobile maturity and report the highest exposure to online risks. Children in India aged 10 to 14 appear to adopt mobile more quickly than nearly all their peers worldwide.

    Sex abuse and exploitation have now been recognized as a social issue and then a criminal justice issue. The pandemic caused a further escalation by shifting the abuse from offline to online spaces and left our children vulnerable in their very homes. The need for awareness about the issue amongst the children, parents and society at large is becoming critical, to keep our children safe. MISSING is continuously working to raise awareness to address this alarming social issue of child sexual abuse & exploitation. We have taken up the mission of online child safety, through the public service announcement (PSA). The PSA aims to raise awareness about the perils of child trafficking and educate the public on its prevention. These PSA films will enable us to create a dialogue and to reach our target audience directly.

    The CTA of this film is our Online Child Safety Desk which is a WhatsApp chatbot available at 6003060040, which is created by us for children and parents.

    On Missing garnering info on missing children

    Our founder Leena Kejriwal was drawn to the issue as early as 2000 and for over a decade she worked with friends and NGOs in the red-light district like Urmi Basu of New Light in Kalighat, Srabani Roy of South Kolkata Humari Muskaan in Bowbazar and others. It was years of engagement that made her realize the importance of public engagement. The public which is the most important stakeholder in the issue, was far away from most of the anti-trafficking conversations. Since then, she has been working with experts- educationists, cyber security experts and child rights experts who understand the depth of the issue and its nuances.

    Since we started the Missing Awareness and Safety School program (MASSp) in 2018, we have had direct conversations with students, parents, teachers and caregivers and realized that we have garnered many insights from our interactions and research with them. Our M&E gives us deep insights into the choices children make and what drives them to risqué behaviour.

    On the PVR collaboration

    Missing started as a public art campaign and public advocacy has been a crucial agenda for all our work. We created our first PSA in 2016. We have an award-winning game and comics, and we are constantly looking at reaching our target audiences through our multiple assets. PVR collaboration is the next most natural direction for engaging the public because anybody from a 10-year-old to an 80-year-old is PVR INOX’s target audience, including children, young adults, parents, caregivers, guardians and every member of society. Hence a PVR cinema space is a powerful space for raising mass awareness. PVR INOX Cinemas with its 17000 halls and access to 20 million viewers will help in taking the PSA to its target beneficiaries – the public.

    On the film being screened on all PVR screens and the message reaching to larger audience

    Stop Online Stalkers (#SOS) needs all the help it can get to be prompted on every screen and in conversation. There is no issue more urgent as our children’s online safety needs to be prioritized. This cannot be done by just one section of the community. It has to be a collective effort of multiple stakeholders who have access to the public screen. Parents, schools, cyber safety officials, policymakers, the government and most important of all, the public. You and me. We need to join hands on child safety and the #SOS campaign.

    On Missing talking to schools and parents to educate them on how to ensure the safety of their children in cyberspace

    Our motto is why wait for a child to be trafficked to save them. We work on prevention. The first step to prevention is education and awareness. We have been conducting our Missing Awareness and Safety School program (MASSp) since 2017. We conduct it for adolescents from the age group of 13-18 and the entire program is one of its kind, audio visual, geography agnostic and all our assets are embedded within it. We talk about cybersafety within our program.

    Within our #SOS campaign too, we have the #SOS Forum which is ongoing right now in cities across the country, where students are engaging in dialogues with us, other issue experts, policy makers, cyber safety officials and government agencies. Concerned parents are invited to join #SOSMums and raise their awareness as well as their voices on this issue on social media.

  • India’s DPDP Bill – a win-win for consumer tech platforms

    India’s DPDP Bill – a win-win for consumer tech platforms

    Mumbai: India’s Digital Personal Data Protection (DPDP) Bill, is expected to be implemented over the next six to eight months in a phased manner; hefty penalties have been imposed for breach of data. This Bill will have a positive impact on companies/platforms that use first party data, whereas players using or sharing third party data (Google cookies, publisher platforms) could see a negative impact; this could potentially mean that sourcing data may become an expensive proposition for programmatic companies like Affle, as they may need to invest in enhancing their own database (first party). This Bill mirrors UK’s GDPR (General Data Protection Regulation) in terms of the major norms mentioned therein. Internet platforms like Zomato, Nykaa, Paytm etc may have relatively lesser monthly active users (MAU’s) as compared to social/search giants like YouTube, Meta, however the former has a detailed understanding of their limited customer base, with more intelligence around their purchasing/consumption patterns; e-commerce giants like Amazon, Flipkart too will have a big edge due to data protection, as they can earn ad. revenue with the help of their first party data, which will help provide better monetisation and profitability over the medium term.

    Long haul for implementation of the DPDP Bill (six to eight months)

    The DPDP (Digital Personal Data Protection) act, which has been highly anticipated, has been in the works for the past four to five years. Numerous drafts have been exchanged and extensive input has been gathered from the industry stakeholders. Although the Bill is set to take effect on 11 August 2023, its actual implementation has not yet occurred. Currently, the sections have not been enforced, but there are plans to assign specific dates for the phased implementation of these sections.

    The scope of its applicability extends to all forms of digitised or digital personal data. Notably, the act also holds extraterritorial jurisdiction. This means that all entities, including those located outside of India, that process data to offer data services within the country, will be obligated to adhere to the provisions of the act. The Bill is anticipated to bring about a positive impact. India is undergoing rapid digital transformation, and with such swift digitization, there’s a substantial amount at risk. Considering the challenges posed by data leaks, the implementation of this law is crucial. It will establish a regulatory framework that offers a cleaner environment for the transmission and processing of personal data.

    Substantial penalties for non compliance/data privacy breach

    The entirety of the act’s liability is placed upon the data fiduciary. The responsibility for implementing safeguards to ensure data protection also falls solely on the data fiduciary. Implementing the requirements should not pose a significant challenge for data fiduciaries, provided they approach it with seriousness and a willingness to comply. The Bill makes it obligatory to report breaches of the principles, regardless of whether the breach is categorized as a high-security breach or not. Entities will undoubtedly feel apprehensive about the substantial penalties, given their magnitude. Data fiduciaries have a responsibility to uphold reasonable security measures for personal data when processing such information. Failure to inform both the board and the principle in case of a data breach can lead to significant fines being imposed. Rather than waiting for the possibility of never being reported and taking on the associated risks, companies could proactively reach out to a wider customer base about the data leak. This approach would involve enhancing compliance efforts and demonstrating a commitment to addressing the issue.

    Contents of the DPDP Act have been drawn heavily from EU’s GDPR

    The Indian legislation has drawn significant inspiration from the EU’s General Data Protection Regulation (GDPR) and is built upon its framework. The authorities have analysed the real-world challenges that arose with GDPR and incorporated those insights into the crafting of this Bill. The primary objective is to ensure the responsible processing of personal data and establish robust data privacy rights for individuals. Both regulations emphasize the handling of personal data through consent, although there are specific scenarios where consent might not be obligatory. The Government has skilfully navigated the task by avoiding excessive amendments and appropriately identifying areas of overlap with other laws.

    Ad-tech players could face challenges in accessing third-party data

    It is believed that targeted advertising technology companies operating in this domain and relying on third-party data for tailored advertisements will encounter additional challenges. Since they don’t directly gather the data, using third-party data will demand heightened attention. Employing third-party data should make you more cautious, vigilant, and well-informed about the methods of data collection. Ensuring the integrity of the data used for crafting targeted advertisements becomes imperative to prevent any form of contamination. Well-established players involved in collecting, distributing, or selling data would undoubtedly need to swiftly adapt to the provisions of this new act. These programmatic ads. tech players could resort to either 1) Investing into their own database or 2) Recover the higher the costs from clients via higher pricing.

    Broad based implementation – across small and large enterprises

    Small businesses, lacking substantial resources to engage established players, are focusing on diligently ensuring proper compliance. They recognize that firsthand data collection is significantly preferable to relying on third-party data access. Bigger technology companies might be required to establish compliance requirements slightly ahead of smaller players and startups. The law takes a somewhat more lenient stance toward startups. It’s anticipated that there will be a window of around six to ten months before full implementation is expected.

    Safety of consumers/children an added benefit apart from privacy

    Companies operating multiple businesses might find common ground internally, where data exchange occurs among their various segments or units by following proper compliance. This aspect should be regarded as a protective measure for sharing information securely. In the case of large tech giants, they will have to adhere to the supplementary data requirements. These companies heavily rely on technology, so many of the obligations are likely already integrated into their operations. The introduction of this regulation could bring about a positive impact, leading to an enhanced safety net. Regarding children’s data, obtaining verifiable parental consent is a requisite. The act has established a mechanism for addressing grievances within its provisions. The composition of the board is explicitly outlined in the act.

    The credit of this article goes to Elara Capital senior vice president- research analyst Karan Taurani.