Six Ways to Optimize Your Digital Signage Investment - AvNetwork.com

Six Ways to Optimize Your Digital Signage Investment

Author:
Publish date:
Image placeholder title

There’s no question that digital signage offers organizations much more flexibility than generic analog signs. When used for way-finding and emergency alerts, the ability to change messaging on the fly provides for safer, more fluid environments, while marketing professionals stand to reap considerable rewards with technology that allows them to keep branding engaging and fresh. But the digital signage market is also a saturated one, full of so many options that it’s often difficult to discern which solution will provide the most bang for a tech manager’s buck. When narrowing down your choices with the specific intention of managing digital signage costs, here are a few considerations…

CRITIQUE YOUR CONTENT REQUIREMENTS

“The primary question is: what is the nature of the content that needs to be presented in order to maximize our value from this investment?” said Lyle Bunn, an independent analyst, advisor, and educator based in Brighton, Ontario, Canada. Bunn, who works with organizations around the world, says that the answer to this question will shed light on how enterprises may wish to integrate their digital signage with other systems, such as point of sale, inventory, and loyalty. “It also moves them into the area of dynamic content, [such as displaying] weather feeds, news, sports, or production volumes.”

Image placeholder title

A collaborative meeting environment supported by interactive ViewSonic digital sigange. RETHINK YOUR ANALYTICS & ROI MEASUREMENTS

Any organization interested in monitoring its success is interested in analytics, and many digital signage systems include this functionality. But while this data can be useful, Bunn reminds us that sometimes analytics can be much more basic than generating reports. “For example, if you were a bank, you might post messaging to introduce a new financial advisor, and so your objective would be to get their appointment book filled as quickly as possible,” he illustrated. The analytics part of the equation involves asking the new advisor how many appointments they have booked for the following week. “It’s often not as sophisticated as the language would imply; sometimes it’s real simple and it gets to the heart of the value of the medium.”

NETWORK CONFIGURATION & CLOUD-BASED OPTIONS

Gene Ornstead, director of product marketing for digital signage at ViewSonic, headquartered in Brea, California, often encourages newcomers to digital signage to start out small: in a deployment of just several screens, for example, users can load new content onto each display manually, via a thumb drive. “That removes the headache of network configuration if you’re not ready to go there,” he said.

Image placeholder title

North Carolina State University James B. Hunt Library features Planar’s Clarity Matrix video wall. At the same time, as the deployment grows, networked systems are a better choice because they enable users to make updates, or perform management tasks, remotely. “If you can control multiple monitors from one point, that is a time and money-saver, because you don’t have to send a person around to do things [manually],” said Michael Cronan, manager, digital signage solutions strategy and development at Panasonic, headquartered in Newark, New Jersey.

This leads to another question: do you invest in an on-premise solution, or should you seek out a cloud-based solution? For Cronan, this depends on how open the IT department is to the cloud in general. “A lot of companies out there, from a security standpoint, don’t want anything touching the outside world. They’re willing to set up internal networks and things are still LAN-based, but not touching the cloud.” While this presents some limitations, if the enterprise has the LAN and WAN structure in place, it generally isn’t a problem. However, if those updating the systems are always on-the-go, a cloud-based solution provides added flexibility.

YOUR SOFTWARE STABLE

Image placeholder title

Analyst, author, & consultant, Lyle Bunn Ornstead points out that software is one area where organizations run into trouble––that is, if they made the wrong choice to begin with. “One thing that’s important—and prevents a lot Analyst, author, & consultant, Lyle Bunn of grief—is don’t switch around software. Try to stabilize on one that you can grow with,” he said. This means that before purchasing software, you need to consider how many screens you want to run initially, as well as how many screens you may scale up to in the future.

CALCULATE POTENTIAL REVENUE

Image placeholder title

Gene Ornstead, director of product marketing for digital signage, ViewSonic One popular way organizations get the most out of their digital signage investments is to transform it into a revenue source. We see this in airports all the time, where signage features advertising from third-party brands (such as those sold in duty-free shops, for example), as well as messaging that promotes the airport itself. This trend has trickled down to Corporate America, Bunn noted: “We’re seeing much more of a hybrid [model] where that corporate communication network wants to profile its suppliers or partners, and are happy to take their marketing dollars in order to do that,” while still dedicating time slots to promote their own brands.

Indeed, this helps soften the blow of a technology investment, however you need to be certain, up front, that your system can handle the required workflow.

“Do assure that the technology infrastructure can accommodate an ad business model, because often it cannot—often there are requirements that are not met by whatever technology is put in place at the very beginning of the lifecycle,” Bunn warned. Usually where systems fall down is in the area of media scheduling, play-out designations (what you want to screen where), and reporting capabilities. After all, if your partner is paying for an ad, they’re probably going to want to know if it actually ran, “even to the point of who it played out to. Those are much deeper functional requirements than what are built into putting a PowerPoint presentation on steroids.”

It’s also necessary for stakeholders to establish what content is appropriate for display. If you’re a national defense agency, it may seem completely logical to sell advertising to the manufacturer of the aircraft your department utilizes. But actually, that’s a big red flag: “That would appear to suggest a bias in favor of one aircraft manufacturer over another, and so would be an unacceptable kind of advertising for a government department,” Bunn explained. He also points out that if you do wish to incur ad revenue from your digital signage, you either need to appoint an internal ad salesperson, or contract ad sales out to a specialized firm.

DO THE MATH: IS A CONSULTANT WORTH IT?

Image placeholder title
Image placeholder title
Image placeholder title

ViewSonic’s ePoster digital signage solutions installed in a variety of applications. More organizations hope to leverage digital signage for new, sustainable revenue sources. Because digital signage has the potential to touch many different areas of an organization—AV/IT, marketing, human resources, operations, and even facilities management—the needs and desires of the stakeholders involved are sometimes opposing. What’s more, each department tends to speak a different language. While Bunn acknowledges the shameless plug when he urges enterprises to seek out a consultant to assist in making the right choices, it’s a common assertion that investing in an objective, outside perspective might just save a client some money down the road.

“Sometimes there’s value in getting somebody in there who can speak everybody’s language and help everyone understand the implications of the decision that they have to make, or that will be made by somebody else,” he said. A good consultant will also help decision-makers weigh issues such as upfront costs versus ongoing expenses throughout the duration of the system’s lifecycle, along with what level of functionality the organization actually needs.

“Buying the lowest-priced product may not deliver the level of functionality that’s going to keep the operating costs low over a long period of time, and at the same time, a high level of functionality may come at a price that’s prohibitive to the organization. And so there’s needs to be a balance.”

Carolyn Heinze is a freelance writer/editor.

Info

LYLE BUNN
www.lylebunn.com

PANASONIC
www.panasonic.com

VIEWSONIC
www.viewsonic.com

Related