Page 31 - EngineerIt March 2021
P. 31

INDUSTRY, TECHNOLOGY AND INNOVATION


        A MOMENT OF TRUTH FOR RADIO - The critical steps to

        successfully digitally transforming radio



           espite the onslaught of music streaming   interaction cannot be matched, and it still has   Using a native platform gives stations
       Dservices, radio can carve out a niche for   the trust of audiences, unlike social media   the engagement and functionality of social
        itself online by nurturing a loyal, engaged and   platforms, and has the ability to provide more   networks, while still retaining control of
        geographically diverse listener base that can   nuanced or localised content for audiences.   their listener base. All that is required is a
        ultimately generate additional revenue - but   This is especially vital for community stations   solid content and engagement strategy as
        stations will have to overcome their fear of   with a large diaspora audience.  well as promotion.
        digital and take the leap in order to avoid   With the right support and digital tools,   By persuading their listeners to
        being left behind.                   such as locally developed Fabrik, stations can   register with the app, stations can collect
           From the start, there needs to be   start converting their traditional listeners   demographic information about their
        a change in mindset as to how media   into a digital audience, on their mobile   listeners, and use these audience insights to
        entrepreneurs approach radio transformation.   applications. Apart from gaining data on   bring advertisers on board.This local market
        Many in the industry have underestimated   how many digital listeners they have, and   already exists, and is being taken advantage
        the impact of technology as they have often   where they are based, stations can carry out   of by international social media companies;
        focused simply on shifting some of their   registration drives, polls and competitions to   having a native platform will help stations to
        content online, rather than looking at the   learn more about their audiences and their   benefit financially from this too.
        broader opportunities that are created when   preferences - and better serve their needs.
        a brand with a captive audience gets its own                              Closing window of opportunity
        digital home.                        Benefiting from owned communities    A challenge however is that successfully
           While transformation has been spoken   There is a generational challenge to be   implementing a social media engagement
        about in the local radio industry for   overcome. While many senior decision   strategy requires a more decentralised and
        decades, not much has changed as station   makers in the industry understand the   democratised approach, to ensure that
        management is often not incentivised to   intricacies of radio, they are not digital   it serves the needs of the community or
        implement truly transformative initiatives.   natives, and are yet to fully comprehend   audience rather than a one-way information
        Going digital for radio has traditionally meant   the capabilities resulting from merging   distribution channel for the radio station.
        a website and a presence on social media   radio with digital.              However, radio transformation needs
        platforms - and not building an “owned”   Here is where the next generation of   to be seen as an opportunity for media
        digital community.                   talent in broadcasting can be a great asset.   practitioners to reinvent themselves for
                                             Many of them are already active, and engage   a digital future. By not doing so, they risk
        A moment of truth                    with fans on mainstream social media   the same pitfalls faced by many in the print
        A challenge for broadcasters is that they   networks; extending their activity to Fabrik   industry - they have avoided going digital
        often lack confidence in conventional listener   will be key to bringing more fans on board.  for so long, that they do not have enough
        numbers, have a poor understanding of their   They can also do this by blending   of a traditional audience left to convert. The
        own audiences, and in turn their influence   audience participation into their   window of opportunity for radio is still open,
        and buying power. They are hesitant to hear   programming, which makes for great,   and stations must take advantage.
        the answers to questions such as “will people   interactive radio, helps drive further traffic   Radio has long been known for its trust
        love us when we go digital?” and “are we   to their own app, and makes for an ideal way   quotient with its community and now they
        really the great brand we think we are?” It is a   in which smaller stations can build credibility   can extend that trust to their own digital
        moment of truth for radio stations.  and relevance in the market, as well as   private social network. In essence, they have
           Radio does have the advantage however:   generate additional revenue through selling   a super power to compete with the global,
        its value around human and community   advertising space.                 hyperscale platforms who are bleeding trust
                                                                                  at an increasingly dizzy rate.
                                                                                    They have a clear bridge from the old
                                                                                  world to the new world without losing
                                                                                  themselves in the process, but they have to
                                                                                  take the leap.
                                                                                    Broadcasters cannot remain fearful of
                                                                                  technology. This transformation is easier
                                                                                  than people think, and more often than not,
                                                                                  audiences are ready for it. They have an
                                                                                  identity and a sense of belonging with their
                                                                                  preferred radio station and this will extend to
                                                                                  the station’s digital platforms.    n

                                                                                  For more information visit
                                                                                  https://www.fabrik.cloud/.



                                                   EngineerIT | March 2021 | 29
   26   27   28   29   30   31   32   33   34   35   36