[South Africa] World Out of Home Organization Forum: Yetunde Adegbite Spotlights Digital Innovation Opportunities for Advertisers
Cape
Town, South Africa — In an inspiring call to action at the World Out of Home
Organization (WOO) Forum, Yetunde Adegbite, Managing Director iProspect
Nigeria, an integrated marketing communications under Dentsu has emphasized the
significant digital transformation opportunities awaiting out-of-home (OOH)
advertising professionals, particularly in emerging markets.
Delivering
a keynote on “The Market & Media Landscape of Nigeria,” Yetunde’s
presentation offered a
comprehensive
analysis of Nigeria’s evolving economic, demographic, and technological
spheres, underscoring the critical role of digitization in advancing the
advertising industry.
Yetunde’s
insights into Nigeria’s demographic trends revealed a burgeoning youthful
population, accelerated urbanization, and an expanding middle class as key
elements fuelling the country's economic and market growth. The narrative was
enriched with examples of digital leaps such as widespread mobile money
adoption, movements toward a cashless society, cryptocurrency growth, and the
integral part AI and remote operations play in contemporary business
models.
Highlighting
shifts in content consumption patterns, Yetunde pointed to the surge in
over-the-top (OTT) platform popularity. This shift is not only changing how
audiences engage with media but also how advertisers can utilize new channels
for more effective messaging. The transition towards digital out-of-home (DOOH)
advertising, powered by advances in data analytics and digital technologies,
was underscored as a pathway to elevated consumer interactions and marketing
success.
Focusing
on the intersection of technology and advertising, the presentation delved into
the transformative potential of generative
AI,
programmatic DOOH advertising, and sophisticated data analytics. Yetunde
championed these advancements as tools for advertisers to refine strategies,
enhance market penetration, and drive efficiency in a rapidly digitizing world.
Yetunde’s
analysis not only mapped the current state of Nigeria’s market and media
landscapes but also charted a course for future growth, urging industry
stakeholders to embrace digital innovations. The emphasis was on adapting
swiftly to the digitization tide to unlock new opportunities in the advertising
realm.
About
the Forum: Marking its fourth iteration, this year’s WOO Forum has grown into a
prestigious event,
drawing
over 200 delegates globally. Spanning one and a half days, the forum offers a
rich tapestry of presentations from media owners, buyers, tech suppliers, and
clients, all focused on exploring the Expanding World of Out-of-Home. The
inaugural Regional Forum was hosted in Kuala Lumpur, Malaysia, in October 2022,
setting the stage for an annual exchange of insights and innovations in the OOH
advertising sector.
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