Posts in Data
A breakdown of the IPA's Q4 2022 Bellwether Report

Today, the IPA released Q4 2022’s Bellwether Report. The Report is researched and published by S&P Global on behalf of the IPA. It  features original data drawn from a panel of around 300 UK marketing professionals and provides a key indicator of the health of the economy. The report also helps us, as an industry, look to the near future and aids us in what to expect.

The survey panel has been carefully selected to represent all key business sectors, drawn primarily from the nation’s top 1000 companies.

So what were the key findings of the report? And how should we react? Well, I spoke to three of my colleagues about specific areas of the report.

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New Year's Resolutions for 2023 from a Consumer Perspective

For MAG, new year’s resolutions paired with consumer data make us excited. Why? Well, we can use these common new year’s resolutions to understand our campaign audiences.

As a brand, you can take advantage of these trends. So let’s look to what’s likely to be  on consumers' minds when they  make their new year’s resolutions for 2023.

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Are young people still watching TV?

Earlier this year, Ofcom released their Communications Market Report, in which they stated: ‘Younger adults (aged 16-24) now watch almost seven times less scheduled TV than those aged 65 and over’ and ‘TV broadcasters' share of TV and video viewing had fallen to 59% in 2021, down from 67% in 2019.’ 

However, whilst these figures are true- we as an agency know that young people are actually still watching TV, but they ways in which they are watching has changed. 

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Advertising to the consumer amidst the cost of living crisis

It seemed as if the world was just settling into the ‘new normal’ when the cost of living crisis hit the UK- and now as marketers, we must ask ourselves whether this sudden change has affected the new normal? As marketers, we understand the necessity for adaptability from a media buying prospective, but it’s time to consider the effects of the rising cost of living through the eyes of the consumer.

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