GroupM media agency Mindshare has launched a specialist unit geared towards helping spot growth opportunities in emerging markets called FAST, short for Future Adaptive Specialist Team.
The global media agency network that is part of WPP, has launched FAST Hub (Future Adaptive Specialist Team) in Singapore, supported by EDB, to enable brands to benefit from the growth opportunities appearing in emerging markets.
FAST brings together the best of WPP and industry leading companies and products including GroupM, Kantar, WPP Data Alliance, CrayonData and Jivox, to build sector specific solutions to enable marketers to use real time insights to drive real time marketing and media actions, including hyper-targeted content creation and distribution.
The launch is a response to the increase in data availability and the parallel rise in data and technology led marketing opportunities such as programmatic and performance advertising that leverage this data.
Targeting the consumer packaged goods (CPG), banking, consumer healthcare, telecoms and automotive sectors, FAST will allow clients to adopt and implement adaptive marketing strategies covering programmatic, performance marketing, customised data alliances, digital analytics, data management platforms (DMP) and real-time marketing.
The Singapore FAST hub is anticipated to grow to a 63 members outfit over the course of the next three years, and the six teams will lead the product development for this suite of services for all growth and emerging markets for Mindshare’s clients, wherever they are in the world.
Gowthaman Ragothaman, Chief Operating Officer, Mindshare, Asia Pacific said, ‘The industry is still grappling with a deluge of data. We want to help simplify this for our clients and provide them a bespoke solution that solves their business problems. The role big data plays for a CPG company is totally different to the influence it has on the banking sector or auto industry. Our ability to provide customisation is one of the key differentiators for FAST.’
Ashutosh Srivastava, Chairman & CEO, AMEA, Russia & Emerging Markets, said, ‘The talent to drive these services is scarce, but Singapore provides FAST with a thriving ecosystem for learning and development. Together with EDB’s support, this will immensely benefit Mindshare and our clients, help brand marketers find more effective and profitable opportunities for growth, and also develop young Singaporean talent for the data-driven marketing world. For the young talent, this is a great opportunity to work together with some of the brightest minds in the business, and do the best work of their career’.
Commenting on this partnership, Kelvin Wong, Assistant Managing Director, Singapore Economic Development Board said, ‘When you look at how mobile, social and e-commerce are changing the behavior of Asia’s consumers, it is clear that brand owners are turning to their agencies with a very different set of needs. Mindshare, by centralizing a suite of data, technology and domain-centric capabilities, is well poised to serve global clients who require specialised expertise in the growth and emerging markets. We welcome the establishment of Mindshare’s FAST hub, and look forward to building Singapore’s digital marketing ecosystem from strength to strength.’