I attended the ad:tech 09 conference at the Sydney Convention Centre today, which provided plenty of food for thought on a wide range of digital marketing issues.

The conference kicked off with two keynotes in the morning and then split into three tracks.

The presentations that I saw were very case study driven, which is nearly always the case with these types of conferences. Agencies and clients were happy to talk about the revolution that ‘is occurring’ or ‘has occurred’ and to report back on successful campaigns and projects but few were willing to tackle some of the more challenging topics and issues facing the industry. I saw four members of one panel swerve the question of: What is influence and how can it be measured?

This is a topic that I plan to come back to.

Fox Interactive Media announced ‘four new initiatives‘ to ensure that it ‘enables marketers in their fight to be more efficient and relevant’.

One of the four initiatives – MySpace Lifestages’ will allow marketers to target Australians in a range of lifestages, including:

• When a MySpace user has graduated from Uni
• Is engaged to be married
• Is Pregnant
• Has given birth
• Has lost a job
• Has entered a new job
• Has had a birthday

MySpace will provide marketers with access to this data in real-time (its based on the users’ self expressed interests on their public MySpace profiles’.

Some facts about MySpace Australia:

• More than 2.4million uniqe Australian visitors in Jan 2009 – according to Nielson Online
• Australians spents 2.3million hours on MySpace during Jan 2009
• 65% of MySpace Australia users are 18 years or over

The theme of brands engaging with consumers via existing social networks was a dominant one during day one of Ad:tech and its clear that huge value lies in the access that these social networks have to user data. Further, the value held in this data is the key to successful monetisation of social networks. The ability of social networks to harness information and present it in ways that are useful to marketing people will determine the future of social networking.

Users have – in the most part unwittingly – accepted this process by agreeing to the End User License Agreement, which is an essential step when signing up or becoming a member of a social network but one wonders how consumers will react in the long run when it becomes apparent to them that brands have access to this information and are using it to target them with offers and promotions. The onus is on the marketing industry to do this in a way that is truly engaging, entertaining or useful.

There were examples of some creative and engaging campaigns today.

I think there is an inherent danger for today’s popular social networks – the pressure to successfully monetize will increase over time (accelerating from now) resulting in them making more and more information available to marketers and potentially alienating their members. This may create the opportunity for new social networks to come in with promises not to share personal information with marketers.

Of course, there are other methods of monetizing social networks. This post by Laurel Papworth provides a comprehensive run down while Robert Andrews at The Guardian predicts a tough 2009.

Some more thoughts on day 1 from Ben Shepherd at Talking Digital here.

More from me from Ad:tech tomorrow.

Tags: adtech, Advertising, campaigns, engage, EULA, facebook, marketing, myspace, PR