Why Technology Is the Way Forward

June 10, 2021

Angelina Lawton

Angelina Lawton has combined her passion for sports, branding, and technology to become founder and CEO of Sportsdigita. Sportsdigita has disrupted the sports industry by partnering with more than 400 clients across professional sports and enterprise with its ground-breaking interactive presentation platform, Digideck.

The concept of the traditional trade show is changing. Although the pandemic has accelerated the movement away from large in-person gatherings – or at least events that are restricted only to that format – companies continue to grow more creative in building their digital presence and enhancing their engagement with prospects at trade shows.

Trade shows are a powerful place to show your company mission, messaging and branding to an oftentimes eager audience. According to CEIR: The Changing Environment of Exhibitions, 99% of marketers ѕаіd thеу found unique value from trаdе show еxhіbіtѕ that they didn’t gеt from оthеr mаrkеtіng mеdіumѕ. And with most companies moving toward a remote format (or a hybrid approach with a remote option), technologies have now entered into the equation as an integral piece to powering a successful trade show. Many are turning to flexible technologies to power their booth experience, whether that be an on-screen virtual tour, in person and accompanied by an iPad or other devices, or some combination of the two.

“I look at it truly as an opportunity to modernize event marketing,” Mary Fehrnstrom, senior director of event marketing at Workday, told Freeman. “I mean, this really is a moment in time for us that I think we should all embrace and not be afraid of.”

Embracing technology, however, is just the first step. Landing on the right tech to tell your company’s story and convey its value to customers is critical. Trade shows play an essential role in many company’s business models, and technology’s functionality must make it easy to regularly spark new interest within a digital environment.

Urban Armor Gear is an example of a company that had to quickly pivot and become much more reliant on digital technology as a result of the pandemic. The company sells military-grade, leading-edge cases and protective equipment for electronics and relied heavily upon the Consumer Electronics Show in Las Vegas in the past to book meetings with potential buyers. They typically set some 200 meetings each year at CES.

After the event went virtual this year due to the pandemic, the Urban Armor Gear team needed to shift strategies. We teamed up with Urban Armor Gear empowering them to connect with clients and share products in a virtual, but immersive manner on any device, at any time.

A digital investment strategy for trade shows should be considered a “must-have” in this new era of business. In much the same way certain companies were slow to embrace the internet as a branding platform and marketing tool 20 years ago, the failure to develop a robust digital component for industry events today may lead to lost opportunities now and in the future.

A digital platform builds in an ease for registration and attendance that simply can’t be matched. Additionally, less paper, greater venue flexibility and fewer ancillary costs (printing, lanyards, signage) mean savings for the hosts. And because digital events require no travel or lodging and less time committed to the event overall, their reach is virtually infinite. It’s no wonder that attendance rates to trade shows are exploding.

New tech has also empowered companies to stay connected with customers and prospects through these events. Digital platforms that power trade shows harness data that would otherwise be missed. Tools that capture valuable analytics for trade events, including the contact information of viewers, the content and features from your virtual booth that resonated most with your audience, and more will be paramount in building a trade show presence that will outshine your peers.

Technology is reinventing the trade show – how they’re attended, what modern customer engagement looks like, and the measure of value to be gained by hosting or taking part in an event. Companies should not be discouraged by this trend and its implications. Instead, they should be thrilled it’s here and the robust opportunity it presents.

 

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Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.