â€śBrands must embed a data-driven approach into every facet of their marketing effortsâ€ť
Africaâ€™s leading Digital Powerhouse, Terragon, has released its 2018 Digital Trends Report for Nigeria. The report highlights the importance of personalization, artificial intelligence, online video, digital solutions and digital partnerships as key drivers for the growth of businesses targeting the Nigerian consumer.
The report emphasizes the need for a mobile-focused, data-driven approach both online and offline, as brands and businesses seek to provide a seamless experience to their target audiences.
Tolu Odulawa, Head, Business Operations Terragon stated that going digital is no longer optional, and brands must embed a data-driven approach into every facet of their marketing efforts, especially in the areas of lead generation, customer acquisition, and customer engagement if they are to expect exponential growth in todayâ€™s hyper-competitive marketplace.
â€ťMass marketing doesnâ€™t exist anymore. People are buying from who they trust overtime and who connects with them individually. If you arenâ€™t doing it, your competition is. Itâ€™s no longer enough to attract new customers but you need to keep the existing ones,â€ť he said. Brands must, therefore, seek to identify their customers across various touch points and connect with them in the most relevant ways.â€ť
Highlights from the report
Nigeria continues to grow exponentially in digital media adaptation and technology. This increases opportunities for brand-consumer interactions across all business verticals.
Social networking is now the most engaged activity on mobile in Nigeria, closely followed by search.
Instagram user engagement is 10x higher than Facebook and 84 percent more than Twitter. However, Facebook remains the social media king In terms of reach.
Nigeria is the most mobilized country in the world with most of the internet traffic coming from mobile devices. Thus, to reach Nigerians a mobile-first approach is necessary.
Other key insights for brands to note include online videos, which are shaping how content is delivered and is extremely vital in driving mobile traffic and consumer purchase decisions. Online videos are shaping content delivery and becoming vital in driving mobile traffic and consumer purchase decisions.
Terragon is a data and marketing technology business committed to unlocking value for businesses using insight to reach mobile audiences in Africa. Inspired by the birth of the smartphone, theÂ TerragonÂ exists to help brands drive intelligent connections to consumers in Africa, by harnessing the powerÂ of mobility. Leveraging the depth of its connections, Terragon enables businesses to gain access to resources and insights on African consumers unlocked by a unique blend of proprietary technology tools, data and analytics.
This research report is one in many provided over the years by Terragon as part of its contribution to providing necessary insights into the local ecosystem. MoreÂ details can be found here.