SlideShare ist ein Scribd-Unternehmen logo
1 von 18
Unlocking the Value of
Customer Data
June 20, 2013

Presented By:
Robert J. Moore
CEO, RJMetrics
I. Enabling Data-Driven Decisions
II. Making Data-Driven Decisions
Enabling Data-Driven
Decisions
Single Version of the Truth
“How do your team members get consistent
data-driven answers to their business questions?”

SYMPTOMS

SOLUTIONS

• Static deliverables (e-mail
attachments, printed reports)

• Online (internet or intranet)
access point

• Human roadblocks to data
(usually technical)

• Individual logins and
“sandbox” environments
Accuracy

“Is the output correct?”

SYMPTOMS

SOLUTIONS

• Incorrect data

• Auditability

• Doubts about correctness of
data

• Ties back to source data
• Public access to business
logic assumptions
Communicate Priorities

“What metrics actually matter in a sea of
options?”

SYMPTOMS
• Inefficient use of time in
dashboarding environment

SOLUTIONS
• Centralized messaging
• Dashboard sharing

• Conflicting KPIs by team
Reduce Maintenance Burdens

“What keeps the system up-to-date and
working properly?”

SYMPTOMS

SOLUTIONS

• Stale data and buggy features

• Leverage platforms

• Increased burden on tech
team

• Test and iterate

7
Making Data-Driven Decisions
Marketing ROI

Know what your customers are worth.
$350
$300
$250

$200
$150
$100
$50
$0

January 2010
April 2010
July 2010
Shifting Marketing Spend

“We’re able to isolate small, long-tail sites that
have ROI that is 16x what some of the larger sites
provide. And we can find these at scale.”
Direct Marketing

Identify individual marketing targets based
on behavioral indicators.
Direct Marketing

Acknowledge high-value customers
Retain at-risk customers
Merchandizing and Pricing

Stock your shelves with data.
Most analyses we can run to determine a high-value
customer can also be used to identify high-value products:
– Cohort Analysis

– PLV Growth Over Time (Product Lifetime Value)
– Correlation to High-Value Customers
– Value by Category/Vendor/Margin

– Churn Analysis by Product (SaaS)
Merchandizing and Pricing

Studied the relationship between price points and
their demand curve, leading to drastic margin
improvements across their product mix.
High-Confidence Forecasting
• Future behavior of existing base
– Individually model each customer cohort for out
months
– “Peer” cohorts are an excellent indicator of future
behavior

• Full lifecycle behavior of new customers
– Varying marketing spend across different channels
can yield different long-term behavioral predictions
– Data can inform both performance projections and
expected acquisition costs
Raising Capital
• Investors and acquirers are more data-driven than ever.

• Simplify due diligence by communicating KPIs and
answering data-driven questions using your centralized
dashboarding system.
• Investors ask data-driven questions for a reason – go
looking for skeletons in your own closet.
Raising Capital and Board Reporting

• Fab.com ran a $40MM fundraising process by steering
all potential investors through an RJMetrics dashboard
• Have control over presentation of your own data, answer
obvious questions before they’re asked, and
demonstrate awareness of your own key metrics
Thanks!

Weitere ähnliche Inhalte

Ähnlich wie Unlocking the value of customer data

Capturing Data Relationships to Develop Meaningful Customer Engagement
Capturing Data Relationships to Develop Meaningful Customer EngagementCapturing Data Relationships to Develop Meaningful Customer Engagement
Capturing Data Relationships to Develop Meaningful Customer EngagementPrecisely
 
Is Your Marketing Database "Model Ready"?
Is Your Marketing Database "Model Ready"?Is Your Marketing Database "Model Ready"?
Is Your Marketing Database "Model Ready"?Vivastream
 
Is Your Marketing Database "Model Ready"?
Is Your Marketing Database "Model Ready"?Is Your Marketing Database "Model Ready"?
Is Your Marketing Database "Model Ready"?Vivastream
 
Data Refinement: The missing link between data collection and decisions
Data Refinement: The missing link between data collection and decisionsData Refinement: The missing link between data collection and decisions
Data Refinement: The missing link between data collection and decisionsVivastream
 
Turning Big Data to Business Advantage
Turning Big Data to Business AdvantageTurning Big Data to Business Advantage
Turning Big Data to Business AdvantageTeradata Aster
 
Innovative Data Leveraging for Procurement Analytics
Innovative Data Leveraging for Procurement AnalyticsInnovative Data Leveraging for Procurement Analytics
Innovative Data Leveraging for Procurement AnalyticsTejari
 
Valuing the data asset
Valuing the data assetValuing the data asset
Valuing the data assetBala Iyer
 
Your AI and ML Projects Are Failing – Key Steps to Get Them Back on Track
Your AI and ML Projects Are Failing – Key Steps to Get Them Back on TrackYour AI and ML Projects Are Failing – Key Steps to Get Them Back on Track
Your AI and ML Projects Are Failing – Key Steps to Get Them Back on TrackPrecisely
 
What MBA Students Need to Know about CX, Data Science and Surveys
What MBA Students Need to Know about CX, Data Science and SurveysWhat MBA Students Need to Know about CX, Data Science and Surveys
What MBA Students Need to Know about CX, Data Science and SurveysBusiness Over Broadway
 
Data Profiling: The First Step to Big Data Quality
Data Profiling: The First Step to Big Data QualityData Profiling: The First Step to Big Data Quality
Data Profiling: The First Step to Big Data QualityPrecisely
 
An Introduction to Advanced analytics and data mining
An Introduction to Advanced analytics and data miningAn Introduction to Advanced analytics and data mining
An Introduction to Advanced analytics and data miningBarry Leventhal
 
5 Essential Practices for the Data Driven Organization
5 Essential Practices for the Data Driven Organization5 Essential Practices for the Data Driven Organization
5 Essential Practices for the Data Driven OrganizationVivastream
 
Infogix BCBS 239 Implementation Challenges
Infogix BCBS 239 Implementation ChallengesInfogix BCBS 239 Implementation Challenges
Infogix BCBS 239 Implementation ChallengesMichelle Genser
 
Big Data, Analytics and Data Science
Big Data, Analytics and Data ScienceBig Data, Analytics and Data Science
Big Data, Analytics and Data Sciencedlamb3244
 
Implementing Advanced Analytics Platform
Implementing Advanced Analytics PlatformImplementing Advanced Analytics Platform
Implementing Advanced Analytics PlatformArvind Sathi
 
Mis jaiswal-chapter-08
Mis jaiswal-chapter-08Mis jaiswal-chapter-08
Mis jaiswal-chapter-08Amit Fogla
 
Best Practices in Recommender System Challenges
Best Practices in Recommender System ChallengesBest Practices in Recommender System Challenges
Best Practices in Recommender System ChallengesAlan Said
 

Ähnlich wie Unlocking the value of customer data (20)

Capturing Data Relationships to Develop Meaningful Customer Engagement
Capturing Data Relationships to Develop Meaningful Customer EngagementCapturing Data Relationships to Develop Meaningful Customer Engagement
Capturing Data Relationships to Develop Meaningful Customer Engagement
 
Is Your Marketing Database "Model Ready"?
Is Your Marketing Database "Model Ready"?Is Your Marketing Database "Model Ready"?
Is Your Marketing Database "Model Ready"?
 
Is Your Marketing Database "Model Ready"?
Is Your Marketing Database "Model Ready"?Is Your Marketing Database "Model Ready"?
Is Your Marketing Database "Model Ready"?
 
uae views on big data
  uae views on  big data  uae views on  big data
uae views on big data
 
Customer 360
Customer 360Customer 360
Customer 360
 
Data Refinement: The missing link between data collection and decisions
Data Refinement: The missing link between data collection and decisionsData Refinement: The missing link between data collection and decisions
Data Refinement: The missing link between data collection and decisions
 
Turning Big Data to Business Advantage
Turning Big Data to Business AdvantageTurning Big Data to Business Advantage
Turning Big Data to Business Advantage
 
Innovative Data Leveraging for Procurement Analytics
Innovative Data Leveraging for Procurement AnalyticsInnovative Data Leveraging for Procurement Analytics
Innovative Data Leveraging for Procurement Analytics
 
Valuing the data asset
Valuing the data assetValuing the data asset
Valuing the data asset
 
Your AI and ML Projects Are Failing – Key Steps to Get Them Back on Track
Your AI and ML Projects Are Failing – Key Steps to Get Them Back on TrackYour AI and ML Projects Are Failing – Key Steps to Get Them Back on Track
Your AI and ML Projects Are Failing – Key Steps to Get Them Back on Track
 
What MBA Students Need to Know about CX, Data Science and Surveys
What MBA Students Need to Know about CX, Data Science and SurveysWhat MBA Students Need to Know about CX, Data Science and Surveys
What MBA Students Need to Know about CX, Data Science and Surveys
 
Chapter 10 supporting decision making
Chapter 10  supporting decision makingChapter 10  supporting decision making
Chapter 10 supporting decision making
 
Data Profiling: The First Step to Big Data Quality
Data Profiling: The First Step to Big Data QualityData Profiling: The First Step to Big Data Quality
Data Profiling: The First Step to Big Data Quality
 
An Introduction to Advanced analytics and data mining
An Introduction to Advanced analytics and data miningAn Introduction to Advanced analytics and data mining
An Introduction to Advanced analytics and data mining
 
5 Essential Practices for the Data Driven Organization
5 Essential Practices for the Data Driven Organization5 Essential Practices for the Data Driven Organization
5 Essential Practices for the Data Driven Organization
 
Infogix BCBS 239 Implementation Challenges
Infogix BCBS 239 Implementation ChallengesInfogix BCBS 239 Implementation Challenges
Infogix BCBS 239 Implementation Challenges
 
Big Data, Analytics and Data Science
Big Data, Analytics and Data ScienceBig Data, Analytics and Data Science
Big Data, Analytics and Data Science
 
Implementing Advanced Analytics Platform
Implementing Advanced Analytics PlatformImplementing Advanced Analytics Platform
Implementing Advanced Analytics Platform
 
Mis jaiswal-chapter-08
Mis jaiswal-chapter-08Mis jaiswal-chapter-08
Mis jaiswal-chapter-08
 
Best Practices in Recommender System Challenges
Best Practices in Recommender System ChallengesBest Practices in Recommender System Challenges
Best Practices in Recommender System Challenges
 

Mehr von Janessa Lantz

From Question to Action
From Question to ActionFrom Question to Action
From Question to ActionJanessa Lantz
 
Analyzing Mixpanel Data with SQL
Analyzing Mixpanel Data with SQLAnalyzing Mixpanel Data with SQL
Analyzing Mixpanel Data with SQLJanessa Lantz
 
Optimizing Customer Support
Optimizing Customer SupportOptimizing Customer Support
Optimizing Customer SupportJanessa Lantz
 
Analyzing ROI Using Your Facebook and Adwords Data
Analyzing ROI Using Your Facebook and Adwords DataAnalyzing ROI Using Your Facebook and Adwords Data
Analyzing ROI Using Your Facebook and Adwords DataJanessa Lantz
 
How to Find the Customer Retention Secrets Hiding in Your Data
How to Find the Customer Retention Secrets Hiding in Your DataHow to Find the Customer Retention Secrets Hiding in Your Data
How to Find the Customer Retention Secrets Hiding in Your DataJanessa Lantz
 
How to Use Feedback Surveys to Improve Customer Retention
How to Use Feedback Surveys to Improve Customer RetentionHow to Use Feedback Surveys to Improve Customer Retention
How to Use Feedback Surveys to Improve Customer RetentionJanessa Lantz
 
Shopify and rjmetrics 2.25.16
Shopify and rjmetrics 2.25.16Shopify and rjmetrics 2.25.16
Shopify and rjmetrics 2.25.16Janessa Lantz
 
The Ultimate 30-Minute Guide to SaaS Analytics
The Ultimate 30-Minute Guide to SaaS AnalyticsThe Ultimate 30-Minute Guide to SaaS Analytics
The Ultimate 30-Minute Guide to SaaS AnalyticsJanessa Lantz
 
Using Benchmark Data to Improve Performance
Using Benchmark Data to Improve PerformanceUsing Benchmark Data to Improve Performance
Using Benchmark Data to Improve PerformanceJanessa Lantz
 
Jumpstart Your Momentum
Jumpstart Your MomentumJumpstart Your Momentum
Jumpstart Your MomentumJanessa Lantz
 
Salesforce & SQL: Get More from Your CRM Data Using the Tools You Love
Salesforce & SQL: Get More from Your CRM Data Using the Tools You LoveSalesforce & SQL: Get More from Your CRM Data Using the Tools You Love
Salesforce & SQL: Get More from Your CRM Data Using the Tools You LoveJanessa Lantz
 
How to Build a Data-Driven Company: From Infrastructure to Insights
How to Build a Data-Driven Company: From Infrastructure to InsightsHow to Build a Data-Driven Company: From Infrastructure to Insights
How to Build a Data-Driven Company: From Infrastructure to InsightsJanessa Lantz
 
Logos, Brand and Underpants: One Startup's Journey to Finding Their Visual Id...
Logos, Brand and Underpants: One Startup's Journey to Finding Their Visual Id...Logos, Brand and Underpants: One Startup's Journey to Finding Their Visual Id...
Logos, Brand and Underpants: One Startup's Journey to Finding Their Visual Id...Janessa Lantz
 
Leveraging Google Adwords Bid Multipliers
Leveraging Google Adwords Bid MultipliersLeveraging Google Adwords Bid Multipliers
Leveraging Google Adwords Bid MultipliersJanessa Lantz
 
Measuring Offline Sources: How We Used Regional Data Analysis to See the Hidd...
Measuring Offline Sources: How We Used Regional Data Analysis to See the Hidd...Measuring Offline Sources: How We Used Regional Data Analysis to See the Hidd...
Measuring Offline Sources: How We Used Regional Data Analysis to See the Hidd...Janessa Lantz
 
The Human Algorithm: Automating Startup Data Collection at Mattermark
The Human Algorithm: Automating Startup Data Collection at MattermarkThe Human Algorithm: Automating Startup Data Collection at Mattermark
The Human Algorithm: Automating Startup Data Collection at MattermarkJanessa Lantz
 
How We're Using Data Consolidation to Gain X-Ray Vision Into Marketing Perfor...
How We're Using Data Consolidation to Gain X-Ray Vision Into Marketing Perfor...How We're Using Data Consolidation to Gain X-Ray Vision Into Marketing Perfor...
How We're Using Data Consolidation to Gain X-Ray Vision Into Marketing Perfor...Janessa Lantz
 
How to Analyze Your Marketing Funnel Using Pardot + RJMetrics
How to Analyze Your Marketing Funnel Using Pardot + RJMetricsHow to Analyze Your Marketing Funnel Using Pardot + RJMetrics
How to Analyze Your Marketing Funnel Using Pardot + RJMetricsJanessa Lantz
 
The Insider’s Guide to Increasing Ecommerce Customer Lifetime Value
The Insider’s Guide to Increasing Ecommerce Customer Lifetime ValueThe Insider’s Guide to Increasing Ecommerce Customer Lifetime Value
The Insider’s Guide to Increasing Ecommerce Customer Lifetime ValueJanessa Lantz
 

Mehr von Janessa Lantz (20)

From Question to Action
From Question to ActionFrom Question to Action
From Question to Action
 
Analyzing Mixpanel Data with SQL
Analyzing Mixpanel Data with SQLAnalyzing Mixpanel Data with SQL
Analyzing Mixpanel Data with SQL
 
Optimizing Customer Support
Optimizing Customer SupportOptimizing Customer Support
Optimizing Customer Support
 
Analyzing ROI Using Your Facebook and Adwords Data
Analyzing ROI Using Your Facebook and Adwords DataAnalyzing ROI Using Your Facebook and Adwords Data
Analyzing ROI Using Your Facebook and Adwords Data
 
How to Find the Customer Retention Secrets Hiding in Your Data
How to Find the Customer Retention Secrets Hiding in Your DataHow to Find the Customer Retention Secrets Hiding in Your Data
How to Find the Customer Retention Secrets Hiding in Your Data
 
How to Use Feedback Surveys to Improve Customer Retention
How to Use Feedback Surveys to Improve Customer RetentionHow to Use Feedback Surveys to Improve Customer Retention
How to Use Feedback Surveys to Improve Customer Retention
 
Shopify and rjmetrics 2.25.16
Shopify and rjmetrics 2.25.16Shopify and rjmetrics 2.25.16
Shopify and rjmetrics 2.25.16
 
The Ultimate 30-Minute Guide to SaaS Analytics
The Ultimate 30-Minute Guide to SaaS AnalyticsThe Ultimate 30-Minute Guide to SaaS Analytics
The Ultimate 30-Minute Guide to SaaS Analytics
 
Using Benchmark Data to Improve Performance
Using Benchmark Data to Improve PerformanceUsing Benchmark Data to Improve Performance
Using Benchmark Data to Improve Performance
 
Jumpstart Your Momentum
Jumpstart Your MomentumJumpstart Your Momentum
Jumpstart Your Momentum
 
Salesforce & SQL: Get More from Your CRM Data Using the Tools You Love
Salesforce & SQL: Get More from Your CRM Data Using the Tools You LoveSalesforce & SQL: Get More from Your CRM Data Using the Tools You Love
Salesforce & SQL: Get More from Your CRM Data Using the Tools You Love
 
How to Build a Data-Driven Company: From Infrastructure to Insights
How to Build a Data-Driven Company: From Infrastructure to InsightsHow to Build a Data-Driven Company: From Infrastructure to Insights
How to Build a Data-Driven Company: From Infrastructure to Insights
 
Logos, Brand and Underpants: One Startup's Journey to Finding Their Visual Id...
Logos, Brand and Underpants: One Startup's Journey to Finding Their Visual Id...Logos, Brand and Underpants: One Startup's Journey to Finding Their Visual Id...
Logos, Brand and Underpants: One Startup's Journey to Finding Their Visual Id...
 
Thinking in Data
Thinking in DataThinking in Data
Thinking in Data
 
Leveraging Google Adwords Bid Multipliers
Leveraging Google Adwords Bid MultipliersLeveraging Google Adwords Bid Multipliers
Leveraging Google Adwords Bid Multipliers
 
Measuring Offline Sources: How We Used Regional Data Analysis to See the Hidd...
Measuring Offline Sources: How We Used Regional Data Analysis to See the Hidd...Measuring Offline Sources: How We Used Regional Data Analysis to See the Hidd...
Measuring Offline Sources: How We Used Regional Data Analysis to See the Hidd...
 
The Human Algorithm: Automating Startup Data Collection at Mattermark
The Human Algorithm: Automating Startup Data Collection at MattermarkThe Human Algorithm: Automating Startup Data Collection at Mattermark
The Human Algorithm: Automating Startup Data Collection at Mattermark
 
How We're Using Data Consolidation to Gain X-Ray Vision Into Marketing Perfor...
How We're Using Data Consolidation to Gain X-Ray Vision Into Marketing Perfor...How We're Using Data Consolidation to Gain X-Ray Vision Into Marketing Perfor...
How We're Using Data Consolidation to Gain X-Ray Vision Into Marketing Perfor...
 
How to Analyze Your Marketing Funnel Using Pardot + RJMetrics
How to Analyze Your Marketing Funnel Using Pardot + RJMetricsHow to Analyze Your Marketing Funnel Using Pardot + RJMetrics
How to Analyze Your Marketing Funnel Using Pardot + RJMetrics
 
The Insider’s Guide to Increasing Ecommerce Customer Lifetime Value
The Insider’s Guide to Increasing Ecommerce Customer Lifetime ValueThe Insider’s Guide to Increasing Ecommerce Customer Lifetime Value
The Insider’s Guide to Increasing Ecommerce Customer Lifetime Value
 

Kürzlich hochgeladen

Commit 2024 - Secret Management made easy
Commit 2024 - Secret Management made easyCommit 2024 - Secret Management made easy
Commit 2024 - Secret Management made easyAlfredo García Lavilla
 
Artificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptxArtificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptxhariprasad279825
 
What's New in Teams Calling, Meetings and Devices March 2024
What's New in Teams Calling, Meetings and Devices March 2024What's New in Teams Calling, Meetings and Devices March 2024
What's New in Teams Calling, Meetings and Devices March 2024Stephanie Beckett
 
SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024Lorenzo Miniero
 
Nell’iperspazio con Rocket: il Framework Web di Rust!
Nell’iperspazio con Rocket: il Framework Web di Rust!Nell’iperspazio con Rocket: il Framework Web di Rust!
Nell’iperspazio con Rocket: il Framework Web di Rust!Commit University
 
Vertex AI Gemini Prompt Engineering Tips
Vertex AI Gemini Prompt Engineering TipsVertex AI Gemini Prompt Engineering Tips
Vertex AI Gemini Prompt Engineering TipsMiki Katsuragi
 
Take control of your SAP testing with UiPath Test Suite
Take control of your SAP testing with UiPath Test SuiteTake control of your SAP testing with UiPath Test Suite
Take control of your SAP testing with UiPath Test SuiteDianaGray10
 
TrustArc Webinar - How to Build Consumer Trust Through Data Privacy
TrustArc Webinar - How to Build Consumer Trust Through Data PrivacyTrustArc Webinar - How to Build Consumer Trust Through Data Privacy
TrustArc Webinar - How to Build Consumer Trust Through Data PrivacyTrustArc
 
Ensuring Technical Readiness For Copilot in Microsoft 365
Ensuring Technical Readiness For Copilot in Microsoft 365Ensuring Technical Readiness For Copilot in Microsoft 365
Ensuring Technical Readiness For Copilot in Microsoft 3652toLead Limited
 
Unleash Your Potential - Namagunga Girls Coding Club
Unleash Your Potential - Namagunga Girls Coding ClubUnleash Your Potential - Namagunga Girls Coding Club
Unleash Your Potential - Namagunga Girls Coding ClubKalema Edgar
 
Powerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time ClashPowerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time Clashcharlottematthew16
 
From Family Reminiscence to Scholarly Archive .
From Family Reminiscence to Scholarly Archive .From Family Reminiscence to Scholarly Archive .
From Family Reminiscence to Scholarly Archive .Alan Dix
 
Advanced Computer Architecture – An Introduction
Advanced Computer Architecture – An IntroductionAdvanced Computer Architecture – An Introduction
Advanced Computer Architecture – An IntroductionDilum Bandara
 
WordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your BrandWordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your Brandgvaughan
 
SAP Build Work Zone - Overview L2-L3.pptx
SAP Build Work Zone - Overview L2-L3.pptxSAP Build Work Zone - Overview L2-L3.pptx
SAP Build Work Zone - Overview L2-L3.pptxNavinnSomaal
 
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)Mark Simos
 
Connect Wave/ connectwave Pitch Deck Presentation
Connect Wave/ connectwave Pitch Deck PresentationConnect Wave/ connectwave Pitch Deck Presentation
Connect Wave/ connectwave Pitch Deck PresentationSlibray Presentation
 
Are Multi-Cloud and Serverless Good or Bad?
Are Multi-Cloud and Serverless Good or Bad?Are Multi-Cloud and Serverless Good or Bad?
Are Multi-Cloud and Serverless Good or Bad?Mattias Andersson
 

Kürzlich hochgeladen (20)

Commit 2024 - Secret Management made easy
Commit 2024 - Secret Management made easyCommit 2024 - Secret Management made easy
Commit 2024 - Secret Management made easy
 
Artificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptxArtificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptx
 
What's New in Teams Calling, Meetings and Devices March 2024
What's New in Teams Calling, Meetings and Devices March 2024What's New in Teams Calling, Meetings and Devices March 2024
What's New in Teams Calling, Meetings and Devices March 2024
 
SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024
 
Nell’iperspazio con Rocket: il Framework Web di Rust!
Nell’iperspazio con Rocket: il Framework Web di Rust!Nell’iperspazio con Rocket: il Framework Web di Rust!
Nell’iperspazio con Rocket: il Framework Web di Rust!
 
Vertex AI Gemini Prompt Engineering Tips
Vertex AI Gemini Prompt Engineering TipsVertex AI Gemini Prompt Engineering Tips
Vertex AI Gemini Prompt Engineering Tips
 
Take control of your SAP testing with UiPath Test Suite
Take control of your SAP testing with UiPath Test SuiteTake control of your SAP testing with UiPath Test Suite
Take control of your SAP testing with UiPath Test Suite
 
TrustArc Webinar - How to Build Consumer Trust Through Data Privacy
TrustArc Webinar - How to Build Consumer Trust Through Data PrivacyTrustArc Webinar - How to Build Consumer Trust Through Data Privacy
TrustArc Webinar - How to Build Consumer Trust Through Data Privacy
 
Ensuring Technical Readiness For Copilot in Microsoft 365
Ensuring Technical Readiness For Copilot in Microsoft 365Ensuring Technical Readiness For Copilot in Microsoft 365
Ensuring Technical Readiness For Copilot in Microsoft 365
 
Unleash Your Potential - Namagunga Girls Coding Club
Unleash Your Potential - Namagunga Girls Coding ClubUnleash Your Potential - Namagunga Girls Coding Club
Unleash Your Potential - Namagunga Girls Coding Club
 
Powerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time ClashPowerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time Clash
 
From Family Reminiscence to Scholarly Archive .
From Family Reminiscence to Scholarly Archive .From Family Reminiscence to Scholarly Archive .
From Family Reminiscence to Scholarly Archive .
 
Advanced Computer Architecture – An Introduction
Advanced Computer Architecture – An IntroductionAdvanced Computer Architecture – An Introduction
Advanced Computer Architecture – An Introduction
 
WordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your BrandWordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your Brand
 
SAP Build Work Zone - Overview L2-L3.pptx
SAP Build Work Zone - Overview L2-L3.pptxSAP Build Work Zone - Overview L2-L3.pptx
SAP Build Work Zone - Overview L2-L3.pptx
 
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
 
Connect Wave/ connectwave Pitch Deck Presentation
Connect Wave/ connectwave Pitch Deck PresentationConnect Wave/ connectwave Pitch Deck Presentation
Connect Wave/ connectwave Pitch Deck Presentation
 
DMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special EditionDMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special Edition
 
Are Multi-Cloud and Serverless Good or Bad?
Are Multi-Cloud and Serverless Good or Bad?Are Multi-Cloud and Serverless Good or Bad?
Are Multi-Cloud and Serverless Good or Bad?
 
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptxE-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
 

Unlocking the value of customer data

  • 1. Unlocking the Value of Customer Data June 20, 2013 Presented By: Robert J. Moore CEO, RJMetrics
  • 2. I. Enabling Data-Driven Decisions II. Making Data-Driven Decisions
  • 4. Single Version of the Truth “How do your team members get consistent data-driven answers to their business questions?” SYMPTOMS SOLUTIONS • Static deliverables (e-mail attachments, printed reports) • Online (internet or intranet) access point • Human roadblocks to data (usually technical) • Individual logins and “sandbox” environments
  • 5. Accuracy “Is the output correct?” SYMPTOMS SOLUTIONS • Incorrect data • Auditability • Doubts about correctness of data • Ties back to source data • Public access to business logic assumptions
  • 6. Communicate Priorities “What metrics actually matter in a sea of options?” SYMPTOMS • Inefficient use of time in dashboarding environment SOLUTIONS • Centralized messaging • Dashboard sharing • Conflicting KPIs by team
  • 7. Reduce Maintenance Burdens “What keeps the system up-to-date and working properly?” SYMPTOMS SOLUTIONS • Stale data and buggy features • Leverage platforms • Increased burden on tech team • Test and iterate 7
  • 9. Marketing ROI Know what your customers are worth. $350 $300 $250 $200 $150 $100 $50 $0 January 2010 April 2010 July 2010
  • 10. Shifting Marketing Spend “We’re able to isolate small, long-tail sites that have ROI that is 16x what some of the larger sites provide. And we can find these at scale.”
  • 11. Direct Marketing Identify individual marketing targets based on behavioral indicators.
  • 12. Direct Marketing Acknowledge high-value customers Retain at-risk customers
  • 13. Merchandizing and Pricing Stock your shelves with data. Most analyses we can run to determine a high-value customer can also be used to identify high-value products: – Cohort Analysis – PLV Growth Over Time (Product Lifetime Value) – Correlation to High-Value Customers – Value by Category/Vendor/Margin – Churn Analysis by Product (SaaS)
  • 14. Merchandizing and Pricing Studied the relationship between price points and their demand curve, leading to drastic margin improvements across their product mix.
  • 15. High-Confidence Forecasting • Future behavior of existing base – Individually model each customer cohort for out months – “Peer” cohorts are an excellent indicator of future behavior • Full lifecycle behavior of new customers – Varying marketing spend across different channels can yield different long-term behavioral predictions – Data can inform both performance projections and expected acquisition costs
  • 16. Raising Capital • Investors and acquirers are more data-driven than ever. • Simplify due diligence by communicating KPIs and answering data-driven questions using your centralized dashboarding system. • Investors ask data-driven questions for a reason – go looking for skeletons in your own closet.
  • 17. Raising Capital and Board Reporting • Fab.com ran a $40MM fundraising process by steering all potential investors through an RJMetrics dashboard • Have control over presentation of your own data, answer obvious questions before they’re asked, and demonstrate awareness of your own key metrics

Hinweis der Redaktion

  1. Hello everyone– I’m excited to spend some time with you this morning and want to thank SVB for putting so many members of the community in one room so we can talk about my favorite topic in the world: data.Up-front, I want to make it crystal clear that my intention here today is not to pitch you all on RJMetrics. The reason I’ve been asked to come speak is not because of what our product can do. It’s because of the more broad lessons we’ve been able to learn by building it and by working with literally hundreds of online businesses to help them extract value from their own customer data.To inform where these insights are coming from, let me tell you a little bit about what we do.