The publishing industry has seen its share of disruption over the years. Online publishing is changing the business model and economics quite significantly. One Oracle customer located just north of Brussels in Belgium is using big data to help them manage that change.
With physical newspapers and magazines there's not much to measure. When that content moves online (that’s digitization) there's a potential treasure trove of data: what articles do they read, when do they read them, on what device, and so on (that’s datafication). de Persgroep have used that new information to create a much more detailed view of their customers and prospects.
They use this model in their prospecting activities to segment their customer base. They have found, for example, that they can improve their calling campaigns by a factor of 6 to certain segments, which is a huge saving in time and money.
By understanding what kinds of articles are read at different times of the day and on different devices, they've been able to give important guidance to their creative team. This means that the right content is published when customers are ready to consume it, increasing overall satisfaction.
They can predict with 92% accuracy who is likely not going to renew their newspaper subscription, which enables them to tailor their approach and retain more customers, and as you know it’s much cheaper to retain an existing customer than acquire a new one.
All this shows up where it matters most: in the bottom line and in their overall competitiveness in their market. Today, de Persgroep have actually widened the gap between themselves and closest competing company by more than 20%
For more background on this customer there is a story on oracle.com: http://www.oracle.com/us/corporate/customers/customersearch/globacom-1-big-data-ss-2207715.html
Globacom is the leading provider of mobile phone services in Nigeria with a presence in several other west African countries. They had several issues that they wanted to address with their big data project and we’ll focus on two of them.
They needed to understand what was going on with their network so they could accurately pass on information to subscribers calling in with problems. They also wanted to improve first resolution (basically solve more problems on the first call, rather than requiring multiple calls) which helps them to save on costs.
Using mCentric’s xDR Navigator running on the Big Data Appliance enabled them to both analyze network events much faster (about 3 minutes down to about 5 seconds, which is where the 40x comes from) but it also means that the CSR can answer customers more quickly and more effectively. That figure of 35,000 minutes saved per day corresponds to about 80 FTE, so a big staff saving, in addition to improving the customer experience.
The whole project took about 10 weeks which was under the allocated 16 weeks. And the big data appliance went from arriving at the facility to ingesting production data in just 5 days.
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Oracle Real Time Decisions provides a powerful and easy-to-use solution that helps us operationalize our big data—without the need for a large number of data scientists,” said Therron Hofsetz, director, software applications, Holland America Line N.V. “We especially appreciate that it is easy to install and multichannel friendly—meaning we can combine data from websites, call centers, enterprise applications, and more. As important, we can quickly determine if an offer is effective. Rather than Holland enforcing business rules that may or may not be actually effective -- they may be sort of tribal lore or tribal knowledge within the company -- Real-Time Decisions is taking actual analytical information, fact-based decision-making for marketing and using it in a real-time context to provide that optimized content and that optimized experience for our guests.
http://www.oracle.com/us/corporate/customers/customersearch/holland-america-1-rtd-2565715.html
clickstream data merged with loyalty program interests and preferences merged with sales transactional history are what they use to drive the actions they take with the customer. Their goal is to target prospects, actual customers prior to the cruise, as well as customers who are currently cruising. They look to increase cross-sell and up-sell of things like on-shore excursions. Not only are these profitable for Holland America, but customers who take these extra packages are generally happier with their vacation than those who don’t. So it’s a win all around.
Company is FiServ who have
As of 20 October 2015
DECLINED:
Against Corporate Policy: ACC, Regions Financial, P&G, Toyota, Softbank, Clorox, WIND, Starbucks, Sabre, Liberty Global, State Street, BATM (DOD)
Too Early:CIRSA, UniCredit and Statnett
Issues (can’t ask right now): iPass
Shelfware (not using): BAE System, Deutsche Bank, CME
--Deloitte – not sure if they will release product
APPROVED TO USE:
-- Wargaming.net, CaixaBank, Thompson Reuters, dunnhumby, 84.51, mCentric, Accenture, Alpha Bank, Garanti Bank, 7&i Holdings, De Persgroep, CERN, NHS-BSA
Nara Institute, Globacom, Payback, Graydon, WSSC, SunTrust
Outstanding requests:
-- Airbus – no response from request
--Randstad – rep is checking
--Smart Communications (chasing answer)
--NHS (chasing answer)
--Generali
-- Mediahuis
-- State of MN (working on it)
--Telefonica (not yet approved)
--Pole emploi.fr – not yet ready for referencing
--H3G – not yet ready for referencing
--NTT Communications – Ref Mgr has requested approval.
--Abu Dhabi Police – approach when live
--Softbank – never got a response for OOW
Notes from Neil’s NDA Analyst slide:
Accenture is a partner; not a customer
Mcentric is a partner; not a customer
Mideast Data Systems (not verified as customer or partner)
Mayo Clinic (not verified as customer)
CMA Systems (not verified as customer or partner)
Cosmote (not verified as customer or partner)
VerySell (not verified as customer or partner)
MN Sure (not verified as customer or partner)
VX logo – (not sure what company this is)
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