IPV have just released the report The Future of Video for Creative Agencies, showing how they adapted to a the pandemic and made it possible for their teams to create and deliver client work remotely.
Experts in intelligent video content management for more than 20 years, IPV have just released the report, The Future of Video for Creative Agencies By the World’s Leading Creative Agencies. The report provides an in-depth look at four of the world’s largest creative agencies, Foote, Cone, and Belding (FCB), Wavemaker, GMR and Mustache, and how they adapted to a sudden seismic shift in how their teams create and deliver client work by moving to a fully remote workflow model. It’s one more story in the WFH – Work From Home adventure the world has moved towards, due to the pandemic.
The report published by IPV offers first-hand insights from the world’s largest creative agencies detail how to successfully transition to future-proof remote video workflows without sacrificing quality, and the mission-critical tools to pull it off. In the report, which is available FREE, readers will gain an understanding of what is anticipated to be the new normal for agencies creating video content in the age of COVID-19 and beyond.
Leading professionals from each agency share their approach to managing a complete 180-degree shift in the way their globally dispersed teams collaborate and manage content, implementing long-term solutions that will change the way they work forever. Combined with wider industry data, the contributors to the report “want to show you how top agencies have adjusted to the new era of WFH — what’s worked and what lessons have been learned along the way.”
63% of teams want to use cloud-based tools
This IPV report examines the various challenges that creative teams have to overcome to match current and future demands for video content in a work from home environment, such as:
- Slow WiFi further burdened by family members or housemates being online at home.
- Limited access to media files and footage from outside networks.
- Issues with software licenses on home equipment.
- Poor performance of home equipment, as compared to office workstations.
- Creative slumps as a result of not being able to meet in person and work physically together — for instance, quickly showing someone else a scene or clip or discussing an idea.
- Security concerns and permissions controls for files and media.
- Difficulty honing briefs, given a new inability to meet in person with colleagues and clients.
Key findings from the report include:
- 92% of digital marketers say video is an important part of their strategy, and those who use video see their revenue grow nearly 50% more quickly than those who don’t.
- 62% of agencies predict significant increases in their video production output and 34% predict similar rises in their online video creation services.
- 63% of teams want to use cloud-based tools to help them with video production to ensure business continuity in the future.
“For many agencies, the lock-down has been a time for discovering weaknesses and pain points, and finding solutions that will hopefully lead to a completely air-tight operation,” says Martin Coles, vice president of marketing at IPV. “The crisis has highlighted some glaring gaps in infrastructure; video production teams now recognize that media asset management is necessary to ensure business continuity in the future.”
The contributors talk about their experience
Kerry Hill, Director of Production at FCB, North America says that for his team the challenge was found in “the technical side of it — storage backup plans, how we prepare for next time.” As Hill says, “certainly no one wants to be caught off guard ever again.” FCB (Foote, Cone & Belding) is a global, fully integrated marketing communications company with a heritage of creativity and success dating from 1873. FCB focuses on significantly changing consumer behavior to the benefit of its clients, its people and society.
“80% of the projects we were doing involved live-action shooting. A good majority of our projects had to be shifted to post-only,” Eli Ash, Director of Production at Mustache, says of their transition. Mustache is a full-service, end-to-end (holistically crafted with love), creative content agency which is part of Cognizant Interactive. With a keen focus on video and social, Mustache is the rocket fuel for today’s 24/7, 360˚ customer experience.
Georgine Hajjar, Creative Director at Wavemaker, knew her team needed a world-class long-term solution to provide continued and consistent high-quality service, saying, “Because we have very big clients, there was no room for mistakes.” Wavemaker is the second largest media agency network in the world that specialises in content development, precision marketing, commerce and marketing technology.
Finally, Andy Hayman, Head of Content and Production at GMR Marketing, says “We want our clients to know that even though we are working remotely, their content always has and always will be safe.” Founded in 1979, GMR is an innovative global experiential and sponsorship agency that creates, consults and activates in more than 70 countries, covering every continent from 23 offices in 12 countries.
Follow the link to access the Future of Video for Creative Agencies report from IPV.