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5WPR News · Published November 9, 2023

Ronn Torossian
Founder & Chairman, 5W

3 Trends We Saw at AdWeek 2023

adweek 2023 trends and insights from the advertising industry conference
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3 Trends We Saw at AdWeek 2023

AdWeek, the annual advertising and marketing conference, is a crucial event that brings together industry leaders, marketers, and innovators to discuss and forecast the evolving landscape of advertising. AdWeek 2023 didn't disappoint and provided invaluable insights into the ever-changing world of marketing and advertising trends

Practical applications of AI and machine learning

One of the prevalent themes at AdWeek 2023 was the continued discussion surrounding the practical applications of artificial intelligence (AI) and machine learning (ML) in advertising and marketing. While AI has been a buzzword in the industry for several years, there is still a lack of clarity about how AI can be effectively applied, and who truly possesses the advanced ML technology versus those merely offering AI interfaces. Many companies claim to offer AI-powered solutions, but it's increasingly important for brands and marketers to distinguish between AI interfaces and genuine AI technology. Some companies provide user-friendly interfaces that facilitate marketing and advertising efforts without delving into the core technology. On the other hand, there are companies that specialize in the development of advanced ML algorithms, which can be the foundation for more powerful and customized AI applications. The challenge for marketers is identifying the solutions that genuinely harness the potential of AI and ML to deliver more robust results. Advertisers are actively exploring AI for personalization and automation. Leveraging machine learning algorithms, they can analyze vast amounts of data to create highly personalized and targeted marketing campaigns. This approach allows for improved customer experiences, as the content and products presented to users are more likely to align with their preferences and needs.

Currency conversion in TV advertising

Currency conversion in TV advertising emerged as a significant trend discussed at AdWeek 2023. The traditional TV advertising landscape is undergoing transformation, and the transition to new currency measurement methods isn't as simple as flipping a switch. As TV viewership diversifies across traditional broadcast, cable, streaming, and on-demand platforms, advertisers are seeking ways to measure their advertising efforts holistically. The shift from traditional GRPs (Gross Rating Points) to cross-platform metrics is a complex and ongoing process. The digital transformation of TV advertising has generated valuable data-driven insights for advertisers. The ability to gather real-time data on viewership, engagement, and conversion is changing the way campaigns are measured and optimized.

Black Friday and retail media

Black Friday, the iconic shopping event following Thanksgiving, is taking on new significance as a proving ground for retail media. Retailers and brands are increasingly recognizing the potential of leveraging retail media to enhance their holiday advertising efforts. Retail media offers advertisers the ability to deliver highly targeted ads directly to shoppers on platforms where they are already considering purchases. This presents a prime opportunity to capture the attention of consumers during the busy holiday shopping season. The intense competition during Black Friday encourages brands to get creative with their advertising strategies. Brands are finding innovative ways to reach and engage with shoppers during this high-stakes period. By leveraging retail media, brands aim to make their advertising campaigns more efficient and cost-effective. The ability to reach consumers when they are actively shopping can lead to higher conversion rates and a better return on ad spend.

Ronn Torossian

Written by

Ronn Torossian

Ronn Torossian is Founder and Chairman of 5W , the AI Communications Firm. He founded 5W in 2003 and built it into one of the largest independent public relations and digital marketing firms in the United States, with senior practitioners serving corporate communications , consumer brands , technology , financial services , health and wellness , beauty , gaming , crisis communications , and public affairs . Under his leadership, 5W defined AI Communications, building brand authority across ChatGPT , Claude , Perplexity , Gemini , and Google AI Overviews, alongside earned media, digital, GEO, and influencer channels. Industry Recognition 5W has been recognized as a top U.S. PR agency by O’Dwyer’s , Agency of the Year in the American Business Awards , Grand Stevie Most Honored PR Agency, a Ragan Top Place to Work in Communications 2026, Digiday WorkLife Employer of the Year, and a PRovoke Top 50 Global PR Agency. Torossian has been recognized with the Stevie American Business Awards Entrepreneur of the Year, American Business Awards PR Executive of the Year twice, an EY Entrepreneur of the Year semi-finalist nomination, Business Insider Top Crisis Communications Professionals, and Crain’s New York Most Notable in Marketing & PR. Research Franchise 5W’s research franchise has become an industry reference for measuring brand visibility inside AI-generated answers, including the AI Visibility Index Series , The GEO Reckoning , The Missing Rung Report, and the 5W AI Power User Study , which identified a 99-point AI favorability gap. Crisis Communications Torossian is one of the world’s foremost crisis communications experts. He has counseled blue chip companies, public company boards, founders, and public figures through ransomware incidents, data breaches, regulatory investigations, high-stakes litigation, activist investors, product recalls, and reputational crises. He has taught crisis communications at Harvard University . Media & Commentary Torossian appears on CNN and CNBC . He is a contributing columnist for Forbes and the New York Observer , his writing on AI communications and brand reputation is published on his personal site, and his commentary has appeared in the Wall Street Journal , Entrepreneur , Adweek , PRWeek , and O’Dwyer’s . Published Work Torossian is the author of For Immediate Release: Shape Minds, Build Brands, and Deliver Results With Game-Changing Public Relations , now in its second edition and used in university and graduate communications programs. He continues that commentary on his own publishing platform , where he writes about reputation, crisis, and AI-mediated discovery. Owner and Publisher, Everything-PR Network Torossian is owner and publisher of the Everything-PR Network , an independent intelligence platform covering public relations, marketing, AI communications, and adjacent industries across 30 publications. Everything-PR is editorially independent from 5W, with published editorial standards and ethics standards . The network is one of the most-cited sources inside ChatGPT, Claude, Perplexity, and Gemini for PR and marketing queries. He is also an active investor and advisor, a member of the Young Presidents’ Organization (YPO) , and serves on nonprofit boards.

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