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Elevating customer analytics - how to gain a 720 degree view of your customer

Actian Corporation
20. Nov 2014
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Elevating customer analytics - how to gain a 720 degree view of your customer

  1. ELEVATING CUSTOMER ANALYTICS And Building the Coveted Holistic Customer View
  2. Christy Maver Global Product Marketing Director, Actian Analytics As Global Product Marketing Director, Christy Maver is responsible for marketing Actian Analytics. Christy has 15 years of experience with technology and software marketing. Prior to joining Actian, Christy was the Big Data Product Marketing Manager for IBM. She holds a BA in Economics from Princeton University. Follow Christy on Twitter @cdmaver
  3. IT’S A MAD, MAD, DIGITAL WORLD
  4. BIG DATA CREATES SIGNIFICANT OPPORTUNITIES FOR MARKETERS Personalized Experiences • Ad, offer, & content optimization • Location-based content • Pricing optimization by segment Better Decision-Making • True marketing ROI • Predictive modeling • Holistic campaign planning • Profitability by affinity groups Deep Audience Analysis • Hyper-segmentation • Full customer 360° understanding • Buying signal analysis • Customer lifetime value More Effective Spend • Omni-channel attribution • Real-time ad & promo optimization • Media mix optimization • Brand monitoring
  5. THESE OPPORTUNITIES REPRESENT $BILLION Copyright © 2014 IIA All Rights Reserved 14% Advanced marketing mix analysis delivers higher profits $226B Retail Purchases Online $200B 15-20% improvement in return on overall marketing spend 2017 Year when CMO spend On IT surpasses CIO
  6. THE MARKETER’S WORLD IS AN OVERWHELMING ONE CMO Content Optimization Location-based content and offers Real-time experience and content personalization Next-generation next-best offer and commerce Audience Analysis & Engagement Buying signal analysis “On-the-fly” behavioral micro-segmentation Customer 360° omni-channel repository Marketing Effectiveness Real-time ad and promotional optimization Brand monitoring Omni-channel attribution Media mix optimization Marketing Planning Predictive modeling and Market simulation and gaming analysis Holistic campaign planning Marketing ROI and program reporting Social media / networking Discovery analysis
  7. ALL IN A DAY’S WORK CMO Future Innovation Content Optimization Location-based content and offers Real-time experience and content personalization Next-generation next-best offer and commerce Audience Analysis & Engagement Buying signal analysis “On-the-fly” behavioral micro-segmentation Customer 360° omni-channel repository Marketing Effectiveness Real-time ad and promotional optimization Brand monitoring Omni-channel attribution Media mix optimization Marketing Planning Predictive modeling and Market simulation and gaming analysis Holistic campaign planning Marketing ROI and program reporting Known and unknown competition Social media / networking Discovery analysis Sales impact
  8. THE MARKETING MANIFESTO FOR THE DIGITAL WORLD “There is no question that retaining customers is vital to business. Conventional wisdom tells us that it is easier (and cheaper) to sell to a current customer than to acquire a new one.”1 Assemble Data Engage Customers Transform Brand Experiences 1“Keeping Customers: Successful Loyalty through Analytics,” on iianalytics.com.
  9. WAIT, 360 IS NOT ENOUGH?
  10. GET A HOLISTIC CUSTOMER VIEW Create the Segment of 1
  11. THE 360°VIEW IS NECESSARY BUT NO LONGER SUFFICIENT The Segment of 1 is now 1 plus a network
  12. FROM DOT…
  13. TO DOT…
  14. TO BUILDING THE COMPLETE PICTURE
  15. SO HOW DO YOU BUILD THIS COVETED VIEW? 15 Graph Analytics Enable business analysts to unleash true discovery power of graph analytics, to discover the “unknown unknowns,” create heat maps of relationships, uncover cause, effect and influence in associations of data
  16. GRAPH ANALYTICS IS HOT “If you haven’t yet heard of graph databases, get ready. They’re the next hot ticket in a world consumed by big data, analytics and the Internet of Things.” - Virginia Backaitis “Graph analytics can extend the potential value of current data discovery capabilities, which will increase its adoption.” - Gartner Hype Cycle for Big Data, 2014
  17. GRAPH IS NEXT BIG OPPORTUNITY IN ANALYTICS Unstructured / Rapidly Evolving Data Structured/ Slowly Changing Data Static Analysis High ROI Analytics Analytic Complexity DATA SOURCE ANALYTICS - Who influences whom? - What follows what? - Who looks the same?... - What looks the same? - Time to answer SQL/RDBMS
  18. BREAKING IT DOWN INTO SIMPLE TERMS
  19. WHAT CAN YOU DO WITH GRAPH?
  20. LET ANALYTICS BLUEPRINTS DO YOUR HEAVY LIFTING
  21. MARKETERS NEED PURPOSE- BUILT BLUEPRINTS FOR CRITICAL BUSINESS CHALLENGES
  22. SET A CLEAR PATH WITH ANALYTICS BLUEPRINTS Choose from 1 or all 7 Customer Analytics Blueprints
  23. CREATE MICRO-SEGMENTS Deliver Automated Marketing to the One
  24. BIG DATA 2.0 MICRO-SEGMENTATION BLUEPRINT CONNECT ANALYZE ACT CRM Account Info and Demographics EDW Transaction History Purchased Demographics Social Media Keywords Combine Data Load Into Hadoop Database Connection to EDW Connect to Flat Files Connect to Text Mining Application Purchased Lifestyle Trends Purchased Household Information API Level Connection to CRM Connect to Flat Files Connect to Flat Files Load Into Hadoop Increase Campaign Revenue Increase Customer Satisfaction / Loyalty Customize Inbound Response Variable Term Profitability Forecasts Customer Match Join Derive Aggregate Prepare Micro Segmentation Model Social Network Influencer Score Optimize Outbound Marketing Mobile And Web Behavior Intelligence Capture Activity And Followership Data
  25. INCREASE REVENUES FROM AD OPTIMIZATION 10,000 customer segments & 50,000 attributes recalculated 20X a day; plus more than 300,000,000 daily ad optimizations “[We only have] a matter of minutes to serve up ads to people who have demonstrated an interest in travel before they book. Going from hours to minutes on segment creation and publishing is a huge win for us.” CTO, Leading Internet Corporation Rapid data analysis of 183 million users of 180 countries in 40 languages Banner ads automated based on live conversations Optimized media placement across 10B media impressions per month, regularly delivering 10,000 segmentations in 24 hours Scaled to 80Tb of data in-memory. 24/7 ad hoc reporting for 400 million unique users
  26. PREDICT THE NEXT BEST ACTION Predict and influence what customers do next
  27. BIG DATA 2.0 NEXT BEST ACTION BLUEPRINT Mobile Device Data in Hadoop CONNECT ANALYZE ACT Customize Inbound Response Projected Product Supply API Level Connection to CRM Database Level Connection Connect to HDFS Connect to HDFS Connect to Text Customer Lifetime Value / Near- Term Value Scores Customer Match Join Derive Aggregate Prepare Personalized Next Best Action Recommendation Business Rule Triggers Optimize Outbound Marketing Build Customer Profile Aggregate and Discover Product History by Customer Customer Match Join Derive Aggregate Prepare Web Behavior Capture Campaign Rules and Objectives Account Info and Demographics Transaction History Real- Time Digital Media Feeds Marketing Automation Increase Campaign Revenue Increase Customer Loyalty Increase Call Center Profits Improve Supply Chain Management Web Activity Mobile Behavior Quantify Social Activity API Level Connection to Marketing Automation Predictive Product Model Predictive Product Model Predictive Product Model Predictive Product Model Predictive Product Model Predictive Product Model
  28. LET’S TALK BEST PRACTICES
  29. BEST PRACTICES 29 Take Action in Real Time Discover without Limitations Increase Prediction Accuracy
  30. TAKE ACTION IN REAL TIME Connect Analyze Act Take Big Data Information Flows • Customer records • Transaction records • Web scrapes • Call center notes • Digital media feeds • Hadoop logs and text files • ePOS Receipts • 30,000 ad campaigns • ERP system … and more Extract Signals Through Advanced Analytics Send Out Personalized Prescriptive Actions • Who is loyal • Who is likely to churn • Who is a repeat customer • Who is willing to buy more • Who will respond to an ad • Who is profitable now • Who is profitable long-term • What should be my next offer • How can I influence customer behavior? …and more • Proactively offer retention bonus to potential churner • Send mobile coupon to customer as they walk by your store • Provide tailored campaign based on individual preferences
  31. DISCOVER WITHOUT LIMITATIONS Copyright © 2014 IIA All Rights Reserved
  32. INCREASE PREDICTION ACCURACY Copyright © 2014 IIA All Rights Reserved
  33. LEARN MORE • Learn more about Actian’s Customer Analytics Blueprints www.actian.com/customer-analytics • Download the paper, “Elevating Customer Analytics” on www.actian.com/resources/ Christy Maver @cdmaver christy.maver@actian.com www.actian.com
  34. Questions And Answers
  35. research@iianalytics.com
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