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WHY MARKETING IS BROKEN
AND HOW TIME TO VALUE FIXES IT
Greg Baxter, edynamic, MD APAC – greg.baxter@edynamic.net
Introduction
Greg has spent 21 years living and breathing digital. Before edynamic Greg spent 8
years at Sitecore, leading Business Optimization Strategies across theAsia Pacific
region. Greg also worked for the 5 person leadership team that developed the
framework and workshops used by Sitecore customers and partners to undertake
personalization, AB testing, utilizing engagement analytics, marketing
automation, profiling and predictive personalization and the EngagementValue
Scale
Greg has worked with numerous world leading brands including Hexagon, Huawei,
Ascendas,ABS NBC andToyota to help them realize a return on investment using
the Sitecore Experience Platform.
Greg Baxter
Managing Director,
APAC
We are a global digital marketing
and technology agency focused
on customer engagement.
At a Glance • Sitecore Gold Partner, since 2003
• Over 200 Sitecore projects
successfully delivered
• 100+ certified Sitecore resources
• 4 Sitecore MVP’s
• Dozens of Sitecore connectors
built to extend the ecosystem
Award winning
Over 50 of the
Fortune 500
Connecting the
Sitecore Ecosystem
An inch wide.
A mile deep.
We are Sitecore specialists.
The opportunity
Customer
Experience is the
new battleground.
1:1 Marketing
Personalized experiences
driven by data and technology
to engage customers and
drive revenue.
Customer
Experience
Now to be truly competitive
your company must become
customer obsessed, which
means you need to have
deep knowledge of, and
engagement with your
customers.
Customer
Experience
89% of businesses
now expect to compete
mostly on the basis of
customer experience.
Customer
Experience
By 2017, 50% of product
investment projects will be
redirected to customer
experience innovations
Customer
Experience
The results were something you could really bet your
wallet on.The portfolios of customer experience
leaders beat the laggards by 80.2 percent.The
customer experience leaders’ portfolios even beat the
S&P 500 Index by 26.2 percent over a 7-year period.
And it’s not just leaders vs. laggards—delivering a bad
customer experience hurts a company and its brand.
The portfolio of customer experience laggards trailed
the S&P 500 Index stock performance by 54 percent for
the same 7-year period.
Using Forrester Research’s 2007–2014 Customer
Experience Index, Landmark compared portfolios
composed of stocks of the top 10 customer experience
leaders against the bottom 10 laggards.
IN THE LAST 15 YEARS, 52% OF THE FORTUNE
500 COMPANIES HAVE DISAPPEARED.
Nine out of ten (90%)
global marketers are
not trained to
calculate return on
investment.
90% Struggle with being
able to properly
demonstrate the
effectiveness of their
spending, campaigns
and activities.
80% 67% of Marketers
don’t believe
marketing ROI
requires a
financial outcome.
67%
Source: The Fournaise Group
Source: Forrester
Time to Value
Basecamp 1
CMS Updates
Traffic Analytics
Spray and Pray
Ad Hoc Social
Landing Pages
Engagement Analytics
Rules Based Personalization
Profiling & Predictive
AB/MVTesting
Campaign Personalization
Sitecore xDB
1:1 Segmented Email Nurture
X-Channel Campaign Personalization
Marketing Automation
Social Personalization
Full Customer Lifecycle Mapping
Full Customer Nurture
Full Integration
Full Single View of the Customer
Data Lake Approach
Flying Blind Quick BusinessWins
CX Maturity Model
Marketing Data Lake
21
Step 1 –
Engagement
Analytics
Business Alignment
StrategicTheme
Business Objectives
Marketing Objectives
Marketing
Objectives
Digital
Goals
Business Objectives
Digital
Goals
Digital
Goals
Digital
Goals
Digital
Goals
• Business & Marketing strategic analysis
aligns customer experience capabilities
with key business and marketing strategy.
• The result is that all optimization outcomes
are aligned to positive business results.
Make sure you hit the ground running!
BusinessAlignment is Key
Engagement
Analytics
• The Engagement Value Scale is the starting
point for Sitecore Analytics. Brainstorm the
digital goals you will use to achieve your
marketing objectives.
• The result is that the platform can immediately
begin gathering valuable and actionable visitor
engagement data.
• This drives personalization and optimization
going forward in alignment with business
outcomes.
What we measure is what we optimize towards!
BusinessAlignment is KeySitecore EngagementValue Scale
Revenue Growth Per Month
Re-Buy Growth Per Month
YOY Growth
CMS Updates
Traffic Analytics
Spray and Pray
Ad Hoc Social
Landing Pages
Engagement Analytics
Rules Based Personalization
Profiling & Predictive
AB/MVTesting
Campaign Personalization
Sitecore xDB
1:1 Segmented Email Nurture
X-Channel Campaign Personalization
Marketing Automation
Social Personalization
Full Customer Lifecycle Mapping
Full Customer Nurture
Full Integration
Full Single View of the Customer
Data Lake Approach
Flying Blind Quick BusinessWins
CX Maturity Model
Marketing Data Lake
31
Step 2 – Rules Based
Personalization
Rules Based
Personalization
• Rules Based Personalisation is your entry point
into personalisation.
• This digital fingerprint is low hanging marketing
fruit.
• Simple to exploit, easy to implement.
• Uncover the most relevant places on the site to
undertake personalisation, and define the kinds
of personalisation that will have the greatest
business impact – with the minimal
configuration.
This is the essence of personalization quick wins!
BusinessAlignment is Key
campaign
country
goals
keywordsvisit number
profile
ip owner
date & time
region city
language
business name
The Digital Fingerprint
33
34
Uplift in Test Drives
Uplift in Contact Us Requests
Goal Abandonment Halved
Advertisement Bounce Rate
CMS Updates
Traffic Analytics
Spray and Pray
Ad Hoc Social
Landing Pages
Engagement Analytics
Rules Based Personalization
Profiling & Predictive
AB/MVTesting
Campaign Personalization
Sitecore xDB
1:1 Segmented Email Nurture
X-Channel Campaign Personalization
Marketing Automation
Social Personalization
Full Customer Lifecycle Mapping
Full Customer Nurture
Full Integration
Full Single View of the Customer
Data Lake Approach
Flying Blind Quick BusinessWins
CX Maturity Model
Marketing Data Lake
40
Step 3 – Profiling
& Predictive
Personalization
Profiling & Predictive
Personalization
• Using Profiles and Predictive Personalization
helps define relevant profiles and predictive
personalization opportunities.
• The process includes the generation of Profiles,
Profile Keys, and the Digital Relevancy Map
(Customer Journey) for major revenue
generating profiles.
• It is a powerful step for customers who wish to
understand their customers online behaviour
and segments.
From here we personalize the customer
experience and journey for business uplift!
BusinessAlignment is Key
campaign
country
goals
keywordsvisit number
profile
ip owner
date & time
region city
language
business name
The Digital Fingerprint
43
Use of SXP
Profiling & Personalization
Personal
Private Banking (Big Client)
Business (SMB)
Corporations
Geo-Location Personalization
Campaign Personalization
Source ofVisit
Increase in organic loan conversions.
Increase in traffic.
CMS Updates
Traffic Analytics
Spray and Pray
Ad Hoc Social
Landing Pages
Engagement Analytics
Rules Based Personalization
Profiling & Predictive
AB/MVTesting
Campaign Personalization
Sitecore xDB
1:1 Segmented Email Nurture
X-Channel Campaign Personalization
Marketing Automation
Social Personalization
Full Customer Lifecycle Mapping
Full Customer Nurture
Full Integration
Full Single View of the Customer
Data Lake Approach
Flying Blind Quick BusinessWins
CX Maturity Model
Marketing Data Lake
47
Step 4 – AB Tests
AB Testing
• Testing & Optimization defines relevant AB test
hypotheses', surfaces where to test and
indicates anticipated outcomes.
• Aim to test the major “calls to action” on the site,
and key conversion places to achieve the best
optimization outcomes.
• These are the first steps towards a culture that
tests continuously to achieve the strongest
business outcomes possible.
Make your key conversion and “call to action”
spots as powerful as they can be!
BusinessAlignment is Key
campaign
country
goals
keywordsvisit number
profile
ip owner
date & time
region city
language
business name
The Digital Fingerprint
© 2001-2016 Sitecore Corporation A/S. All rights reserved. Sitecore® and Own the Experience® are registered trademarks of Sitecore Corporation A/S. All other brand and product names are the property of their
respective owners.
Dollywood.com HomepageTest
This variant was trailing behind with
conversion rate 18.37% below 3rd best
performing variant
Winner
Performs with a conversion uplift of 21.43%
3rd place 2nd place
51
xDB
A journey backed
by solid data!
xDB captures all – triggering
personalization & nurture
communications.
Actionable analytics & single
view of the customer.
Time toValue is a
Giant Leap
Step 1 – EngagementAnalytics
Step 2 – Rules Based Personalization
Step 3 – Profiles & Predictive
Personalization
Step 4 –Testing and Optimization
Time toValue is a structured workshop and
delivery offering designed to quickly harness the
marketing potential of the Sitecore Experience
Platform. Our “business first”, and “quick win”
philosophy is designed to rapidly enable
marketing optimization using Sitecore.
So you get the maximum benefit and ROI from
your Sitecore investment.
And we will do it in under 30 days.
• A blueprint and scope for
marketing & business success.
• Real outcomes from the face-to-
face workshops, including:
• Digital Goals
• Engagement Value Scale
• Rules-based personalization
opportunities
• Profiles and Predictive
Personalization
• Suggestions for AB tests to
increase conversions
• Quick win implementation.
Outcomes
SingleView of Customer –The
Marketing Data Lake
CMS Updates
Traffic Analytics
Spray and Pray
Ad Hoc Social
Landing Pages
Engagement Analytics
Rules Based Personalization
Profiling & Predictive
AB/MVTesting
Campaign Personalization
Sitecore xDB
1:1 Segmented Email Nurture
X-Channel Campaign Personalization
Marketing Automation
Social Personalization
Full Customer Lifecycle Mapping
Full Customer Nurture
Full Integration
Full Single View of the Customer
Marketing Data Lake
HD Insights (Big Data)
Flying Blind Quick BusinessWins Marketing Data Lake
CX Maturity Model
• RealTime Behaviour
• Goals, Journey & Profile
• MA & Campaign Metrics
• Social Proclivities
• CRM
• Machine Learning
• Internet ofThings
• Data LakeApproach
• BI Layer for N-Reporting
Single View of the
Customer
N-Level Reporting LayerI
Machine Learning – Internet ofThings
N-Level BI Reporting Layer
Hadoop Data Lake
Sitecore
Online
Behaviour
Customer
Profile
Customer
Journey
xDB
CRM
Customer
SPOT
Offline
Activity
Bookings
Segmentation
Marketing
Automation
Campaign
Effectiveness
Channel
Effectiveness
Lead
Generation
Sales Funnel
Social
Social Profile
Likes
Affiliations
Advocacy
Status
LET’STALK
greg.baxter@edynamic.net

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Why Marketing is Broken and How Time to Value Fixes It

  • 1. WHY MARKETING IS BROKEN AND HOW TIME TO VALUE FIXES IT Greg Baxter, edynamic, MD APAC – greg.baxter@edynamic.net
  • 2. Introduction Greg has spent 21 years living and breathing digital. Before edynamic Greg spent 8 years at Sitecore, leading Business Optimization Strategies across theAsia Pacific region. Greg also worked for the 5 person leadership team that developed the framework and workshops used by Sitecore customers and partners to undertake personalization, AB testing, utilizing engagement analytics, marketing automation, profiling and predictive personalization and the EngagementValue Scale Greg has worked with numerous world leading brands including Hexagon, Huawei, Ascendas,ABS NBC andToyota to help them realize a return on investment using the Sitecore Experience Platform. Greg Baxter Managing Director, APAC
  • 3. We are a global digital marketing and technology agency focused on customer engagement.
  • 4. At a Glance • Sitecore Gold Partner, since 2003 • Over 200 Sitecore projects successfully delivered • 100+ certified Sitecore resources • 4 Sitecore MVP’s • Dozens of Sitecore connectors built to extend the ecosystem
  • 6. Over 50 of the Fortune 500
  • 8. An inch wide. A mile deep. We are Sitecore specialists.
  • 10. 1:1 Marketing Personalized experiences driven by data and technology to engage customers and drive revenue.
  • 11. Customer Experience Now to be truly competitive your company must become customer obsessed, which means you need to have deep knowledge of, and engagement with your customers.
  • 12. Customer Experience 89% of businesses now expect to compete mostly on the basis of customer experience.
  • 13. Customer Experience By 2017, 50% of product investment projects will be redirected to customer experience innovations
  • 14. Customer Experience The results were something you could really bet your wallet on.The portfolios of customer experience leaders beat the laggards by 80.2 percent.The customer experience leaders’ portfolios even beat the S&P 500 Index by 26.2 percent over a 7-year period. And it’s not just leaders vs. laggards—delivering a bad customer experience hurts a company and its brand. The portfolio of customer experience laggards trailed the S&P 500 Index stock performance by 54 percent for the same 7-year period. Using Forrester Research’s 2007–2014 Customer Experience Index, Landmark compared portfolios composed of stocks of the top 10 customer experience leaders against the bottom 10 laggards.
  • 15. IN THE LAST 15 YEARS, 52% OF THE FORTUNE 500 COMPANIES HAVE DISAPPEARED.
  • 16. Nine out of ten (90%) global marketers are not trained to calculate return on investment. 90% Struggle with being able to properly demonstrate the effectiveness of their spending, campaigns and activities. 80% 67% of Marketers don’t believe marketing ROI requires a financial outcome. 67% Source: The Fournaise Group Source: Forrester
  • 17.
  • 18.
  • 20. CMS Updates Traffic Analytics Spray and Pray Ad Hoc Social Landing Pages Engagement Analytics Rules Based Personalization Profiling & Predictive AB/MVTesting Campaign Personalization Sitecore xDB 1:1 Segmented Email Nurture X-Channel Campaign Personalization Marketing Automation Social Personalization Full Customer Lifecycle Mapping Full Customer Nurture Full Integration Full Single View of the Customer Data Lake Approach Flying Blind Quick BusinessWins CX Maturity Model Marketing Data Lake
  • 22. Business Alignment StrategicTheme Business Objectives Marketing Objectives Marketing Objectives Digital Goals Business Objectives Digital Goals Digital Goals Digital Goals Digital Goals • Business & Marketing strategic analysis aligns customer experience capabilities with key business and marketing strategy. • The result is that all optimization outcomes are aligned to positive business results. Make sure you hit the ground running! BusinessAlignment is Key
  • 23. Engagement Analytics • The Engagement Value Scale is the starting point for Sitecore Analytics. Brainstorm the digital goals you will use to achieve your marketing objectives. • The result is that the platform can immediately begin gathering valuable and actionable visitor engagement data. • This drives personalization and optimization going forward in alignment with business outcomes. What we measure is what we optimize towards! BusinessAlignment is KeySitecore EngagementValue Scale
  • 24.
  • 25.
  • 26.
  • 30. CMS Updates Traffic Analytics Spray and Pray Ad Hoc Social Landing Pages Engagement Analytics Rules Based Personalization Profiling & Predictive AB/MVTesting Campaign Personalization Sitecore xDB 1:1 Segmented Email Nurture X-Channel Campaign Personalization Marketing Automation Social Personalization Full Customer Lifecycle Mapping Full Customer Nurture Full Integration Full Single View of the Customer Data Lake Approach Flying Blind Quick BusinessWins CX Maturity Model Marketing Data Lake
  • 31. 31 Step 2 – Rules Based Personalization
  • 32. Rules Based Personalization • Rules Based Personalisation is your entry point into personalisation. • This digital fingerprint is low hanging marketing fruit. • Simple to exploit, easy to implement. • Uncover the most relevant places on the site to undertake personalisation, and define the kinds of personalisation that will have the greatest business impact – with the minimal configuration. This is the essence of personalization quick wins! BusinessAlignment is Key campaign country goals keywordsvisit number profile ip owner date & time region city language business name The Digital Fingerprint
  • 33. 33
  • 34. 34
  • 35. Uplift in Test Drives
  • 36. Uplift in Contact Us Requests
  • 39. CMS Updates Traffic Analytics Spray and Pray Ad Hoc Social Landing Pages Engagement Analytics Rules Based Personalization Profiling & Predictive AB/MVTesting Campaign Personalization Sitecore xDB 1:1 Segmented Email Nurture X-Channel Campaign Personalization Marketing Automation Social Personalization Full Customer Lifecycle Mapping Full Customer Nurture Full Integration Full Single View of the Customer Data Lake Approach Flying Blind Quick BusinessWins CX Maturity Model Marketing Data Lake
  • 40. 40 Step 3 – Profiling & Predictive Personalization
  • 41. Profiling & Predictive Personalization • Using Profiles and Predictive Personalization helps define relevant profiles and predictive personalization opportunities. • The process includes the generation of Profiles, Profile Keys, and the Digital Relevancy Map (Customer Journey) for major revenue generating profiles. • It is a powerful step for customers who wish to understand their customers online behaviour and segments. From here we personalize the customer experience and journey for business uplift! BusinessAlignment is Key campaign country goals keywordsvisit number profile ip owner date & time region city language business name The Digital Fingerprint
  • 42.
  • 43. 43 Use of SXP Profiling & Personalization Personal Private Banking (Big Client) Business (SMB) Corporations Geo-Location Personalization Campaign Personalization Source ofVisit
  • 44. Increase in organic loan conversions.
  • 46. CMS Updates Traffic Analytics Spray and Pray Ad Hoc Social Landing Pages Engagement Analytics Rules Based Personalization Profiling & Predictive AB/MVTesting Campaign Personalization Sitecore xDB 1:1 Segmented Email Nurture X-Channel Campaign Personalization Marketing Automation Social Personalization Full Customer Lifecycle Mapping Full Customer Nurture Full Integration Full Single View of the Customer Data Lake Approach Flying Blind Quick BusinessWins CX Maturity Model Marketing Data Lake
  • 47. 47 Step 4 – AB Tests
  • 48. AB Testing • Testing & Optimization defines relevant AB test hypotheses', surfaces where to test and indicates anticipated outcomes. • Aim to test the major “calls to action” on the site, and key conversion places to achieve the best optimization outcomes. • These are the first steps towards a culture that tests continuously to achieve the strongest business outcomes possible. Make your key conversion and “call to action” spots as powerful as they can be! BusinessAlignment is Key campaign country goals keywordsvisit number profile ip owner date & time region city language business name The Digital Fingerprint
  • 49. © 2001-2016 Sitecore Corporation A/S. All rights reserved. Sitecore® and Own the Experience® are registered trademarks of Sitecore Corporation A/S. All other brand and product names are the property of their respective owners.
  • 50. Dollywood.com HomepageTest This variant was trailing behind with conversion rate 18.37% below 3rd best performing variant Winner Performs with a conversion uplift of 21.43% 3rd place 2nd place
  • 51. 51 xDB A journey backed by solid data! xDB captures all – triggering personalization & nurture communications. Actionable analytics & single view of the customer.
  • 52. Time toValue is a Giant Leap Step 1 – EngagementAnalytics Step 2 – Rules Based Personalization Step 3 – Profiles & Predictive Personalization Step 4 –Testing and Optimization
  • 53. Time toValue is a structured workshop and delivery offering designed to quickly harness the marketing potential of the Sitecore Experience Platform. Our “business first”, and “quick win” philosophy is designed to rapidly enable marketing optimization using Sitecore. So you get the maximum benefit and ROI from your Sitecore investment. And we will do it in under 30 days.
  • 54. • A blueprint and scope for marketing & business success. • Real outcomes from the face-to- face workshops, including: • Digital Goals • Engagement Value Scale • Rules-based personalization opportunities • Profiles and Predictive Personalization • Suggestions for AB tests to increase conversions • Quick win implementation. Outcomes
  • 55. SingleView of Customer –The Marketing Data Lake
  • 56. CMS Updates Traffic Analytics Spray and Pray Ad Hoc Social Landing Pages Engagement Analytics Rules Based Personalization Profiling & Predictive AB/MVTesting Campaign Personalization Sitecore xDB 1:1 Segmented Email Nurture X-Channel Campaign Personalization Marketing Automation Social Personalization Full Customer Lifecycle Mapping Full Customer Nurture Full Integration Full Single View of the Customer Marketing Data Lake HD Insights (Big Data) Flying Blind Quick BusinessWins Marketing Data Lake CX Maturity Model
  • 57. • RealTime Behaviour • Goals, Journey & Profile • MA & Campaign Metrics • Social Proclivities • CRM • Machine Learning • Internet ofThings • Data LakeApproach • BI Layer for N-Reporting Single View of the Customer
  • 58. N-Level Reporting LayerI Machine Learning – Internet ofThings N-Level BI Reporting Layer Hadoop Data Lake Sitecore Online Behaviour Customer Profile Customer Journey xDB CRM Customer SPOT Offline Activity Bookings Segmentation Marketing Automation Campaign Effectiveness Channel Effectiveness Lead Generation Sales Funnel Social Social Profile Likes Affiliations Advocacy Status

Editor's Notes

  1. By 2017, 50% of product investment projects will be redirected to customer experience innovations - Gartner Companies with the strongest omni-channel customer engagement strategies retain an average of 89% of their customer – Aberdeen Group By 2020 the demand for an omni-channel customer experience will be amplified by the need for near perfect execution - PWCC
  2. CASE HEADLINE – NISSAN DRIVES CONVERSIONS USING DMS Highly personalised site smashes key success metrics. Australian Winner Sitecore Site of the Year - Automotive, 2013 Google Adwords personalisation. Homepage + upstream “landing page/campaign” personalisation “Build Your Own Car” tool uses Engagement Automation to increase completion of “dream car” – 7000 completed per day. Data now being used to inform stock-control of popular choices in regions, creating efficiencies in the delivery of stock. 7,000 customers every day telling Nissan what their dream car is!
  3. CASE HEADLINE – NISSAN DRIVES CONVERSIONS USING DMS Highly personalised site smashes key success metrics. Australian Winner Sitecore Site of the Year - Automotive, 2013 Google Adwords personalisation. Homepage + upstream “landing page/campaign” personalisation “Build Your Own Car” tool uses Engagement Automation to increase completion of “dream car” – 7000 completed per day. Data now being used to inform stock-control of popular choices in regions, creating efficiencies in the delivery of stock. 7,000 customers every day telling Nissan what their dram car is!
  4. PSBank is known as the biggest privat help retail bank in Russia. Before the project the most of the bank business departments didn’t consider site as a marketing or sales tool at all. Top management recognized Internet channel as an important potential for growth and for retention of existing customers. New marketing team has understanding that site should be not only marketing but also a sales tool. Used SBOS to start the journey with workshops.