Event Budgeting for Technology

Since we published this article, we also published a full eBook on event budgeting. Get it here!

event budgeting for technology
image-1237

84 percent of event planners say it’s important to guests that events and meetings incorporate the latest technology.

Source: The X Letter

Emergent technologies are important to your attendees–but many of them might seem out of range when you’re in the event budgeting phase. We spoke with vendors who cater to events of all sizes and budgets to help you understand what you can incorporate.

 Budgeting for small events

Is money tight? More than 83% of Guidebook’s event app users say it’s difficult to fight for new tech tools while event budgeting, so you’re not alone. But a small budget doesn’t prevent you from using high-tech tools to increase attendee satisfaction, gather valuable data, and position yourself as tech-forward.

Audio/Visual

You don’t need a big event budget to amplify sound, but you’ll need to keep it simple. Rent serviceable monitors, a mixer, microphones and speakers for about $400/day from your local camera shop.

Projector and screen

Help your attendees feel connected by projecting a live feed of social media mentions, photos or news–without breaking the bank. If you can’t snag a projector from your office, you can rent a decent one for $40/day.

Handheld tech

“If you’re looking to give a presentation an interactive feel,” says Ashton Arnold from Meeting Tomorrow, “rent enough iPads for each table to have one at the keynote speech.” Meeting Tomorrow offers tech rentals for events of all sizes. According to Ashton, it’s a low-cost way to push a presentation through to each table, and to allow for polling or other interactions.

Registration

A platform like Eventbrite gives you flexible tech registration at any budget–in fact, if your event is free the tool is, too.

Eventbrite’s costs are based on ticket prices, helping them scale along with resources.

Mobile event app

event app is in your event budget

Small event? You can build a fully working mobile event app for free, and give your attendees access to up-to-the-minute paperless schedules, maps, social media, networking and more. Get started now!

An in-the-middle event budget

At this level you can afford a solid version of the most effective tech tools. It means while you may not invest in things that are superfluous or ‘just for show’, you’ve invested in sound, visuals, registration and tech amenities to enrich your attendees’ experience.

LCD video projectors

Your tech event budgeting can easily include projectors for showing presentations, pre-recorded video or live feeds from Twitter or a photo stream. Hire a technician to handle live-switching from different sources.

Why is this important? A video switching/scaling system is necessary for creating a seamless experience when different video sources haven’t been created at the same resolution or speed, and a production technician will be responsible for using it correctly.

when event budgeting, hire a pro

You may be tempted to go with a non-professional videographer… but for best results, hire a pro.

Single camera live recording/projection

If you’re recording the keynote speech, action in the game room, or b-roll footage for a teaser video in advance of the next event, you may choose to hire a videographer for some single-camera action. For anything that requires sound you’ll need a microphone. If you’re recording an amplified speech, your videographer will want to get a feed from the house mixer for the cleanest sound or set up a separate microphone.

Whatever you choose, allocating event budget to hire a professional videographer is your best bet. There’s a huge difference between video that’s watchable and video that’s… inexpert. It’s kind of like how it’s famously inadvisable to hire your cousin to shoot your wedding, you know?

Video wall

An event productions company like Meeting Tomorrow can help install and program a 5×5 iPad video wall for a mid-price “smart wall” feel. We were able to find quotes in the $2K/day range for these dynamic installations.

tech event budgeting

Large event budget, sophisticated needs

When your event budgeting plan has a few more zeroes attached,  you can afford to explore cutting-edge, crowd-wowing tech installations, tools that memorably streamline the experience, and a fully branded multi-sensory atmosphere.

Multiple camera live recording/projection

If you’ve ever seen a recorded Ted talk, you know what a multi-camera shoot looks like. You’ll need more than one camera operator, and a production technician if you want to mix the multiple cameras live on a big screen.

RFID technology

RFID event budgeting

With more event budget to play with, you can take advantage of engagement and measurement features like RFID wristbands. These chip-embedded bracelets serve to grant entry to an event and allow an attendee to interact with attractions, make purchases, and share contact info. From an organizer’s point of view, RFID technology can generate valuable data about how attendees move throughout the space and experience the event, can act as security (granting access to VIP areas only for certain ticketholders).

Analyzing attendee behaviors can be immensely valuable–this is the kind of big data marketers have been using to track behaviors on websites for years.

Suppliers like ShowClix can provide bracelets, RFID chips, and the technology needed to use them. Depending on event size, you could be paying $20/attendee on the low end. Once you get into customizing the bracelets and the way they’re used, the price increases. (Note: the cost of the RFID chips themselves are minimal: they can be as little as 10 cents apiece wholesale. Our cost estimates include quotes for managing the entire system.)

Audience engagement with Beacons

event budgeting

These little guys are all Roximity needs to set up powerful location-based marketing and measurement.

In the snazzy big-data tools department, beacons are a topic of discussion lately. If your event budgeting capabilities allow it, here are the details.

Beacons refer to low-energy bluetooth signals that can be used for various types of movement and activity measurement in a physical space.

Alex Finkel runs partnerships for Roximity, which provides location-based advertising using beacon hardware, the software to make it work, and access to analytics.

Beacon technology fits in the “big event budget” category for a reason: brands tend to be the ones most able to take advantage of it. For example, Roximity partners with a large sports/entertainment arena to deliver prompts and gather data based on microlocation. “If you’re approaching the top of the escalator, we might send a message with an offer to upgrade your seats,” says Alex.

Large events like CES have used beacons to help attendees connect with vendors. The Roximity platform can help sponsors send targeted offers and messages to people nearby.

But there’s a caveat: Users need to have an app to communicate with the beacon. “It’s a misconception that you can just stick beacons in your booth and begin blasting messages,” says Alex. “And in the wrong context, even if that did work, you want to work not to seem spammy.”

The gist is that unless your attendees have an app that’s connected to your beacon hardware/software, it won’t work. This is why big brands, who often have high app adoption, and popular repeat-visitor locations like sports arenas are more able to benefit.

“If you have an app with hundreds of thousands of users, you’re in a good position to better understand their behaviors and to communicate with them,” says Alex.

 

blog comments powered by Disqus