What do you think of when you hear, “the advertising industry”? Is it the embellished glamour of the Mad Men era or do you see logos and hear jingles. More abstractly, you may imagine a long assembly line spitting out ever more advertisements adding to the communication clutter in our lives.
One of the most prescient thinkers on media and marketing was Professor Marshall McLuhan. It is argued he predicted the rise of the Internet and the advent of social media decades in advance. McLuhan was the fellow who said, “The media is the message.” I was amazed to learn on a visit to Facebook headquarters that the professor’s books are required reading for staff.
One of his lessor known quotes is a doozy, “All advertising advertises advertising.” You could spend a lengthy dinner party unpacking the meaning and intent of those words. The quote caustically equates ubiquity with effectiveness while suggesting that the industry that produces ads is a self-perpetuating machine.
So where is that machine headed? What is the future of the ad industry?