It’s always easy to make a bold prediction about what will happen. It’s much harder to hold yourself accountable for what you predicted would happen. Every year, I evaluate, with brutal honesty, how I did with forecasting what would take place in the current year.
For reference, her was my post last December that outlined everything I thought would happen in 2015. Additionally, please keep in mind, my 2014 predictions had an 80% success rate , my 2013 predictions saw a 60% thumbs up rate and my 2012 predictions were 90% right. While my 3-year average of being 85% on the mark, is great, it’s by no means an indicator of how this pas year’s predictions will go. If you will, sometimes, it’s better to be lucky, than good.
Without further adieu, here are my 2015 predictions, with analysis and scoring in bold font.
- Apple Will Launch A Music Streaming Service, It Will Rival Spotify, Crush Small Players, But It Will Not Be A Universal Success: See #2, but I don’t think an Apple streaming service is going to push out Pandora. I actually think Pandora is going to thrive. Apple’s streaming service, because it will be pre-populated on every iPhone, iPad, etc. will have massive scale, but will struggle to convert users from rival services. It will pave the way for 2016 though, when I think Apple’s streaming model will take off. This was a home run, across the board. Apple purchased Beats, turned it into Apple Music, launched a free trial and now has nearly 1/3 the number of paying subscribers as Spotfiy. Depending on how you cut the data, it’s either #2 or #3 in the marketplace. As they propelled forward we saw upstarts like Tidal flop and mainstays like Pandora and Last.FM are beginning the death spiral.
- We Will See A Resurgence In Radio: Similar to vinyl’s growth and comeback, I think the shift toward a streaming and on-demand world is going to propel radio forward. Additionally, people’s desire for local information and knowledge will keep them coming back. We might see some consolidation in radio stations or a consolidation in large network holding companies, but, the overall health of radio will be much better than it has been the past few years. A mixed bag here. If you look at radio as being live traditional radio, digital radio streaming (eg I Heart Radio) and satellite radio, I was wrong. It’s flat or slightly down. But, if you account for podcast usage, I nailed it. Podcasts (who knew) are driving radio growth. Given that Nielsen and other reporting services consider podcasts, “radio”, I’m taking this as a win.
- Google+ And Google Glass Will Be Retired: Google may evolve these products and then call them something else, but you will not see Google+ and Google Glass as platforms or products, come the close of 2015. Depending on your perspective this was a 50% right or 100% right, perspective. Google Glass is dead; yes dead. Officially, Google+ isn’t dead and it’s shifted as to being a connection platform . But, that’s like saying, technically, Tidal isn’t dead. By technicality, I’m going with 100% right, because I didn’t say Google+ would die. I did say it might pivot, which it has.
- A Governing Body, Most Likely The FDA, Will Crack Down On The Wearables Market, Forcing Many To Fold: Ultimately, these products are edging closer and closer to medical devices. But, manufacturers aren’t treating them as such. They’re instead treating them like casual gadgets, when they are obviously more than that. This is going to cause a problem for these who didn’t take the time to work with governing bodies to ensure they’re products were legit, honest and legally factual. Total miss. Never happened. The FDA even said, they have no interest in regulating this industry, right now.
- Star Wars: The Force Awakens Will Become The Highest Grossing Movie Of All Time: Technically, this won’t happen until 2016, but the movie launches in 2015. The total worldwide sales will make Frozen look pedestrian.
- Google’s Search Business Will Have A Down Year: Yes, I’m serious. Their dominant core product is going to run just a tick above flat. I want to make sure I’m clear here when I say “core product.” At the end of the day, Google’s core product is making money of off search results. The majority of those results take place in the traditional Google.com experience. It will retain it’s overall dominance on broad searches, but as people continue to browse and discover, we’re going to see search volume shift to places and platforms like Facebook, Pinterest, Spotify, Flickr, fourSquare and YouTube. Yes, YouTube. Instead of going to Google and typing in “Star Wars Trailer”, people are going to start going directly to YouTube to perform those searches. Net-net, we’re going to see a big shift from “search” to browse and discover. No matter how you look at it, Google had a down year for traditional search. Here’s two great articles, one from Business Insider (yes, Business Insider) shows the macro shift and this article covering Google’s Q3 financial results, shows search to be struggling, though not failing. Revenue up, CPC’s are down and usage is down, except in mobile. This prediction came true.
- The Apple Watch Will Be A Success For Apple, But Will Fail To Propel The Smart Watch Category Forward: You might be saying huh? Ok, let me explain. Apple has a problem. Specifically, they have a problem with the iPad. The core iPhone business is great, but the iPad is so good, it doesn’t require people to upgrade often. The Apple Watch will fill the void of the slumping iPad sales, but it won’t be a big enough to make smart watches a must have accessory for the broader consumer market. Happened. It’s a billion dollar business. The Apple Watch is #1 in the smartwatch category, but the smartwatch category is still tiny.
- There Will Be A Major Cloud Services Hack That Will Take Down A Number Of Major Platforms: I don’t know which service is going to hacked. What I know is that something is going to get hacked and it’s going to have a major impact. For example, imagine Pandora getting hacked and having that hack impact all the cars that have Pandora installed. It’s going to be something like that. There were some pretty hefty data breaches. I’m looking at you Snapchat…again. But, there was nothing that was widespread to the point that it acted like a daisy chain and impacted dozens of companies. I missed on this.
- The C-Suite Will See A Major Overhaul: Two things are going to happen. One, we’re going to see a premium on digital experience and background. For example, instead of seeing the traditional CMO model (brand management + MBA), we’ll see someone that comes from a tech background. Additionally, we’ll see a premium on ethics and “clean” backgrounds. You can’t pull another Gurbaksh Chahal and stay employed. It just can’t happen. To be bold, I think we’ll see 3 C-Suite execs, from startup/tech organizations, eliminated because of public / negative PR. Additionally, I think we’ll see a major organization, like Target, follow the Walgreens playbook and elevate a digital leader into a CMO role. So, I went big on this one. It’s a mix of right and wrong with the predictions. Let’s start with the C-Suite emphasis on digital. I nailed this one. Take your pick on the examples. You have Barnes & Noble, The White House, LVMH and so on. C-suites are recognizing the need for digital talent at the most senior level. What hasn’t seemed to happen, which is surprising to me, is that the people taking these roles aren’t younger or from more non-traditional backgrounds. I imagine that will change in time. With respect to the job eliminations, there weren’t many to speak of, which is a good thing. That doesn’t mean there wasn’t drama or a lot of firings for doing or saying dumb things. But, there wasn’t a C-level person at a large organization or startup that was relieved of his/her duties for saying/doing something that society deemed unfit. Net-net, this was a 50/50 prediction.
- Publicis Or Another Large Agency Holding Company, Will Take A Run At A Major Merger: Following the failed Publicis-Omnicom merger, we’re going to see pride, ego and financial pressure force an attempt at another mega merger. I could see IPG and MDC combining forces, or WPP and IPG. This will happen, if for no other reason than the world isn’t big enough for 5+ holding companies. Total miss. Never happened. There were some minor things done by Publicis. But, there was no mega merger, and apparently, for good reason.
Not bad. Not perfect. But, not bad. By my count I was correct on 1, 2, 3, 6 and 7. I whiffed on 4, 8 and 10. 9 was 1/2 correct and 1/2 wrong. The jury is still out on 5, but there’s no doubt it’ll be the highest grossing movie of all time, based on the early sales performance of pre-purchased tickets. With that in mind, I’m taking it as a win and will modify if proven wrong. Thus the tally is 6.5 right and 3.5 wrong, for a 65% hit rate. Considering how much bolder these predictions were, I’ll take it! That brings my 4-year tally to 75.7% (26.5/35). If this were Vegas and I was playing the tables or sports book, I’d be rich. But, alas, there are no prizes here.
I’ll have my 2016 predictions up by Christmas. Thanks for reading.