What is datadriven marketing? Well, it depends…

Datadriven marketing means capturing and analyzing data from the abundance of available transactions and interactions between you, your company and your market – and turning them into meaningful conversations that engage your audience.

It’s all about analyzing the data available to you with the purpose of charting patterns, volumes, trends so that marketing can make business intelligent decisions based on insights around actual customer behaviour.

If you google “what is datadriven marketing” you will find several different perspectives:

  • Using data analytics to drive marketing decisions – says IT
  • Create marketing insights based on the analysis of data about or from consumers/customers – says Marketing

There is no way around it. We have to combine forces.

The 2013/2014 CMO-CIO Alignment Survey (Accenture) revealed that digitalisation is bringing IT and Marketing together, albeit slightly hesitant. 45% of CMOs believe “more collaboration is needed” with the CIO – while 43% of CIOs believe marketing requirements and priorities change too often.

So let’s turn the discussion around – why are we really here? Both Marketing and IT must contribute to the success of the business. They are literally in the same boat. How does datadriven marketing change all that?

Profiling, marketing personas, multi-touch communications using marketing automation tools; we all use these techniques to create a strategic engagement/nurturing cycle. But we must base it on insights – on the actual available data including your social customer engagements.

The enemy of any marketing campaign is complexity. None of this works if your IT department is unable to extract the information = data you need when you need it. And put it into context.

Make your data speak!

The overall objective of datadriven marketing must be to turn data into actionable insights. Because if you look at data in isolation, it is dead. Data is merely a reflection of something that has already happened. Any transaction in your ERP is history as soon as it is captured, including any customer interaction you may have recorded in your CRM. It’s what you do next, that’s important. According to Gartner,

Data-driven marketing refers to acquiring, analyzing and applying information about customer and consumer wants, needs, context, behavior and motivations.

You should take a moment to watch the excellent video from Gartner for Marketing Leaders.

To make your data speak, you have to apply filters that create patterns of behaviour which you then use to create a communication strategy for a continuous cycle of engagement.

Tom Kaneshige on CIO.com explains how:

Data comes from many sources but not all contribute equally. Marketers also have the unenviable task of separating the good data from the bad data. It’s a work in progress, and CIOs can help CMOs learn about the many internal and external data sources and their value to marketers. Tech vendors can assist in this difficult process, too.

… By the way, not everybody is a fan, especially when you define datadriven as metrics-driven.  Robert Glazer  maintains that if marketers only focus on satisfying particular metrics, they may fail to capture the greater good for the company:

Clicks, time spent, and conversion rates only describe what people do, not why they do it. If marketers rely on data to tell them what works, creativity no longer drives the message. Instead, an obsession with data leads to metrics tunnel vision, and as brands shift from their creative offensive, they neglect to consider consumer engagement.”


FT.com/Lexicon

“Data-driven marketing refers to the marketing insights and decisions that arise from the analysis of data about or from consumers.”

Author Lisa Arthur from Forbes Magazine :

“At its core, data-driven marketing centers on one thing and one thing only: propelling value by engaging customers more effectively.”

Her book on Big Data marketing contains many examples of companies that are already well on their way to becoming data-driven organizations.

When disruption becomes tangible – stories from a train station. Europe September 2015.

This blog is about digital disruption.  A disruption  is a major disturbance, something that changes your plans or interrupts some event or process.

Right now, our comfortable reality is being disrupted – brutally, dramatically. This blog entry is not what I normally write about, but it is important. Here are some destinies from Stockholm Central Station.

My respect for the personal integrity of these refugees arriving to train stations across Europe, struggling to find a way to continue their journey, stopped me from bringing out the camera despite those countless moments that would have been powerful images.

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They say, a picture can say more than a thousand words.

I have no pictures for this story, so I will paint them with my words.

Picture No. 1

Remarkably, hundreds of refugees pass us during our day at the station, but nearly the only littering/garbage left behind are some cigarette stubs, probably from the local people as they light up leaving the station rushing towards their lives.

The transport coordinators (and I, one of the drivers) are standing with our fluorescent vests next to a lamp pole outside Stockholm Central Station. There is a box behind us with some notes and pens. A little girl – 5-6 years old – points at the box. We smile. She walks up to it and looks to us for confirmation, then drops the peel of the pineapple slice she had received in the food tent into the box. She has been brought up to understand that she is our guest, and she does not want to litter.

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Picture No. 2

A determined red haired volunteer muscles her way through the crowds to our lamp post. She wants help for her group, the people she had welcomed on the platform as she could speak their native tongue. There is a boy, with one eye blinded, protruding slightly. A father, 2 more children, a mother, an uncle. The boy’s eye hurts terribly, the redhead wants to find a doctor. We ask her to go to the Red Cross station.

– “No, they said they don’t have a doctor – they said I should ask you, the people with the vests”. We, the volunteers, can organize a car to the hospital but the redhead throws her arms in the air: “They have no time, they finally got train tickets to the North and the train leaves in 3 hours”.

So I take off my vest and go into action mode: “I will take them, I will explain the urgency and get him back in time. I have had my 1-on-1’s with hospitals before.” She explains, they discuss, the mother cries, and the father and uncle take my hand. Please. Yes. The boy looks at me and smiles with his good eye.

This is Sweden. At the hospital we get speeded through. The receptionist calls a friend who works in administration, he speaks Arabic. Their story unfolds as he explains to the doctor what has happened:

Abu Bakr – 10 years old, from Bagdad. His home was bombed, his eye damaged by splintering glass. In Irak, they had tried to treat him, but the medicine they carried had been contaminated. On the fragile rubber boat – in the Mediterranean – when they tried to start the outboard engine, he got an elbow thrust into the eye, and gasoline as well. That’s when it got really bad. Only in Sweden did they find the courage to ask for help. During their exodus they were afraid they might be detained.

The doctor investigates, prepares the prescriptions to take on their onwards journey and sends us to the local pharmacy. I had not really donated money yet, and I do not mind paying for the medication to last the boy for 2 months. With my credit card ready, the pharmacist says: “He is a refugee with no home and no formal identity papers. Regardless of the real price, all the medication is 50 Kroner.” That’s less than 10 Dollars. This is Sweden – and I will pay my taxes with enthusiasm now and in the future.

Abu Bakr is smiling with his good eye. And he takes 1 Kroner (1.2 cents) out of his pocket and puts it on the desk for the doctor. He wants to pay for himself.

Picture No. 3

The Red Cross teams inside the train station are overwhelmed. A group of people with crying/screaming children crowd the interpreter and a few RC volunteers. They have no onwards ticket, they have no place to stay, their children are hungry. And a little boy runs around with his pacifier in his mouth, and one arm hanging limply in an odd angle from his petite frame. The transport coordinator asks me – You are good with hospitals, can you take the boy to the ER?

Zain is 3 years old. His sister Rawan is 4. Their father is alone, there is no mother and I do not know what happened to her. I also do not ask. Upon boarding the train in Vienna the little boy tripped and fractured his shoulder. He is so small, I would have taken him for 8-10 months, had it not been for his knowing eyes. They asked for help in Vienna, but they said not to worry, no need for X-ray, just board the train.

The local café offers the children food – the father insists on paying. He wants them to eat before we leave, because who knows when they will next get some food. I cannot explain, I am helpless without speaking Arabic. He pulls out a 5 EURO note to give the café, they refuse. He points at the Money Exchange office, wants me to watch the children. He wants to pay. I offer to exchange his money – and he gets a good rate. I give him 500 Swedish Kroner, t’s the only banknote in my purse, and he ceremoniously hands over his 5 EURO note.

At the Astrid Lindgren Children’s Hospital in Stockholm, we wait. The nurse is certain it is broken, but timing is bad – it’s shift change hour and the doctors are in conference. The father had traveled with a group, but he is now afraid that his little family will be left behind. It will be hard for him with two very small children, and nobody to help him watch them. He already looks like he has not slept in a week. And he is badly malnourished. While we wait, the waiting room fills with other children – a small 2 year old waddles over and starts to play with little Zain. Zain is confused, then smiles and responds. They exchange books, move furniture and show each other the little box of juice they were given. Look what I have – I have one too.

The transport coordinator calls me from the station – the other group will leave on the train at 5 pm without Zain, Rawan and their father. They finally secured tickets and they have to look out for themselves. But I feel safe – this is Sweden. The father will not have to stand guard tonight over his few posessions and his little children with no mother. The volunteers at the Red Cross shelter will make sure he gets a good night’s sleep.

Before I hand them back to the Red Cross, I buy pacifiers for each of the children. They only had one each, and each time they dropped it the father had panicked. The little girl – Rawan – chooses two pretty little pink ones, and proudly shows them to all the Red Cross volunteers. As I leave, Zain has fallen asleep on his father’s shoulder wrapped in my jacket. I leave it. I ask the interpreter to say these words to him for good bye: “Thank you – it was an honour for me to be allowed to help you today.” The father nods, he holds my hand, but his grip is weak. He has no response. His too tired to form any words. And he is alone.

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Marketing Tips and Tricks

The three touch engagement strategy for audience acquisitions at business events: Idea – Engagement – Push

Source: Where is everybody – where’s my ROI? Tips and Tricks to attract the right audience at your event

Where is everybody – where’s my ROI? Tips and Tricks to attract the right audience at your event

If you read my previous blog entry, you may still be looking for the best way to find the golden audience that makes you best friends with the sales teams. Here are some suggestions I have collected over the years:

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Plan with the end in mind

  • Don’t just set a date, build a 3-touch-strategy together with your stakeholders (the sales teams in most cases).
  • The theme and message has to promote and strengthen the conversations that your sales teams are having with their target prospects. Don’t push some new message or vision down their throats if this is not what their targets are interested in.
  • Be flexible – if the conversation has moved over the 8-10 weeks of planning before the event, make sure to have alternatives ready to add to the speaker list.

Email marketing – and other channels

  • Don’t publish it all at once, when you start the invite process – build an engagement staircase with at least 3 touches.
  • Expand your email campaign with social media engagement through dedicated, branded Linkedin groups, with a short, recognizable and easy to remember hashtag to use across channels before, during and after the event.
  • Another great tip is to prepare your tweets and posts so that your colleagues across the company can share without sounding like a marketing machine.
  • Make it personal, local, fun – whatever their preference is.

For your email campaign – here are the three touches I would recommend:

Image 1

Launch the idea of an event and pre-announce the date. Get the theme out there to gauge interest from your target audience. If you have a star speaker name, don’t let the cat out of the sack just yet. Have a call-to-action button for “sign me up” or “tell me more” – and make sure there is a response on the second one.

image 2

First real invite – allowing people to sign up based on an agenda with topics and speakers that are “glocal” – have a global vision but either are local or have local recognition. Always have a button “sign me up” and “tell me more” to encourage a dialogue.

image 3

Now let the cat out of the sack. Make a big boom invite only promoting date, theme, agenda and your star.

Less is more – let people click through if they want to deep dive into agenda or speaker profiles etc. That way you can capture who is interested so that your sales teams can follow up with personal emails or telephone calls.

Still not there? Time to call the cavallery

And if all fails – if you have not met your quality registration target – go the extra mile – engage with your sales teams, show them the gap between their expectation on the attending audience and their sales target accounts.

Give them a cheat sheet with talking points about the event.  Remember, you know everything about how great it will be – but they probably don’t event know the speakers or content in detail yet. Get them excited, build a dashboard or some other gamification element to let them compete with each other (and make sure there is a decent prize for the winner, so get that on the budget from the very beginning).

Help them help you succeed.

Where is everybody? Where’s my ROI?

You have a great concept – you have great speakers – you have great sponsors. You have buy-in and strategic advice from worldclass thought and business leaders. So why did nobody turn up for your conference?

By now, you have been discussing internally whether you should charge a fee and how much. You have wrung your brain about how you can guarantee the sponsors that the audience is who they are targeting. And because you can’t share the delegate data, you really need people to be there.

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Maybe you need help?

Marketing and strategic planning are there for a reason. They pave the way for your success, be it a campaign, a product launch, or an event. So make sure to get your marketing teams involved before you even set a date.

keys

Here are my three keys to successful events:

  • Content (hey, you’ve got that covered)
  • Consistency
  • Communication

Naturally, there’s more to it but if you don’t have those three Cs under control, you may just end up with a room that may be full, but not with the people you really wanted to share this experience with.

Over the years, I have seen many examples of fabulous conference who never reached the intended audience, because there was no consistency in how the event was promoted, and there was no strategy in the communication to the intended audience. So in panic mode, just to fill the room, organizers at the last minute started forfeiting fees and/or asking friends and relatives to show up to fill some chairs.

Actually, …

What organizers sometimes forget is that it’s not the size that matters. Bigger is not better, if the addition is irrelevant. On a side note, conference guests actually sit more comfortably and breathe a lot easier if the room is not cramped. If you host a dinner party at home, you make sure your guests are comfortable and are able to move. So half empty is not half bad.

So…

Use your marketing and communication experts to remain consistent, persistent and agile. Select your theme and make it relevant and timely. Partly, it’s something you can buy. Tools such as email marketing automation can help you build an engagement ladder that starts with alerting your audience to what is coming, and continues to add teasers and more content to finally compel them to not just sign up – but to be there on the day.

Oslo

Next time you plan a conference, make sure to plan with the end in mind:

On the day you want a room with an audience that is pleased with what they came for and therefore open to engage with you and your speakers and sponsors.

Because that is the real ROI of  your event.

Successful disruption in a digital age

While you are still struggling to wrap your head around the buzz of Big Data and trying to develop a digital strategy for your business, here’s news for you: It’s not the hype of Big Data, or digitalization, or social media that characterizes those who are on today’s winning team. It’s not about digital strategies – it’s strategy in a digital age:

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This was the most retweeted phrase of the entire session, delivered by McKinsey speakers at the Salesforce Speed of Change city tours across the Nordic capitals.

When you evaluate the steps needed to win in today’s fast changing markets and business environments, it becomes clear that your company must focus on what you are really providing. Not what you think you are selling, but what your customers need to fulfill a basic need. Regardless of whether you are in B2B, in B2C or a government or non profit organization, take it one step further and you can learn from the winners of the past.

Remember the Maslow pyramid of basic human needs? Try to match them against the game changing technologies we see today, and you will see that the main driver behind change is not technology itself but what it can do for you.

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The privileged among us are catered for at the bottom of the pyramid. That’s when  “social” takes over.

The success formula behind all social networks is not that they deliver an app to your mobile device. As Martha Bennett from Forrester suggested during the Speed of Change Nordic City Tour: “You sell the outcome not the device or the service”.  Social networks have changed the way we do business, the way we connect in our professional and private lives, and the way machines and devices are connecting simply because they use data to fulfill the needs at the top of the pyramid. Through the mining of this data technology – by making your data speak –  vendors and disrupters in the digital world  provide a sense of belonging, help us to gain respect for our achievements and put ourselves at the centre. Which – by the way – is why we manage to survive from the moment we are born and make the first fierce cryout for food and comfort.

There are many examples of industry or market disrupters but despite being disruptive in their day, they do not necessarily survive and thrive, as competitors catch up and technology evolves to create new patterns of behaviour in business processes. If you look at the companies that have changed an industry, such as how media is consumed or how basic grocery goods and services are delivered, they successfully disrupted because they catered to a basic human need.

So what is your strategy in a digital age? Disrupt, reinvent, adapt – or be disrupted.** It’s as simple, or complicated, as that.

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The “ambassadorization” of business

Human civilization emerged from tribes – as individuals the early humans would not have survived. The same applies today . No one can survive in a silo, be it a company, an industry, an organization or a department.

Once you realize that, you understand the power of relationships as the foundation of successfully connecting your needs to those of others upon who you are depending. That is why the current mantra in modern marketing is engagement. Every process, every action, every transaction is connected. If you push, someone or something has to move backwards. If you pull, someone or something is moving towards you. Pushing and pulling at the same time creates engagement. When you engage your audience, your partners or your employees, you create a tribe.

ArntEriksen (2) Speed

At the Speed of Change event in Oslo on April 16, 2015 (organized by Salesforce), trendspotter Arnt Eriksen focused on the power of tribes that develop into movements which ultimately could change the world. You could claim that the Arab Spring – using Facebook as it’s vehicle – started as a tribe and ended as a movement. Similary, Apple started building a tribe, a community of followers who wanted to think differently about computing. And ended up changing the world by engaging with them, changing them into devoted followers (tribes) and making them it’s strongest, devoted and forgiving ambassadors.

Artistic         Collage

(Artist: Maja Eriksson)                                   (Artist: Maja Eriksson)

When you have a purpose that can unite your tribe – such as the Arab Spring – and you have the vehicle to engage with each other – such as Facebook or other social channels – you can become successful as a business in the digital age.

“Convert strangers into customers – and nurture them into ambassadors” (Arnt Eriksen)

A new success criteria has emerged – Speed

 “The clock starts ticking as the customer starts clicking” (Jody Sarno, Forrester)

Companies that are able to anticipate their customers’ needs have a clear advantage in our world of rapidly changing customer demands. Speed is of the essence. Companies across the world are looking for ways to understand not just what has happened, but what would happen next so that they can meet the customer without having to cross a divide.

The challenge is how to adopt a framework that provides the platform for speed.  Everything is becoming more and more connected.  Many call this the internet of things, but we could also look at it as simply an opportunity to connect with our customers in a whole new way, an Internet of Customers. In fact, over 75 billion things will become connected by 2020, and this leads to trillions of customer interactions.

Making the data speak

Each interaction represents a data point, a piece of history that can be used to understand what will happen next.  Today, retail companies like Rossignol create a social profile of their customers to offer services like modifications to the equipment to help the skier’s performance, or a training regimen based on his actual use. Hospitals want to track patient behavior – from patient activity levels to blood pressure to help provide a better standard of service and care. And energy companies are collecting data from big machine performance, or seismic activity and weather data to try to get more effective at preventative maintenance of their oil rigs. It’s using the data to predict the future which should be the foundation of the Big Data hype.

Companies want to transform how they sell to a customer, deliver better service, create targeted campaigns, build better products, optimize operations. And business people need the right insights to take action, instantly.

Join Salesforce at our Nordic Speed of Change City Tour in April. We are coming to Helsinki, Oslo, Copenhagen and Stockholm. More information and registration for free at www.salesforce.com/eu/speed

Social – the ultimate acronym (inspired by JP Rangaswami @jobsworth)

Much has happened since we first introduced the acronym. It still applies.

Making Sense of Technology

Did you ever think about the best way to describe what social disruption is all about? To move the discussion away from the channel (not social=Facebook page or social=Twitter account) and to what really matters, I have come up with this:

s = sincere

o = open

c = collaborative

i = interested

a = authentic

l = likeable

There are may excellent examples of organisations, companies and individuals who can subscribe to all of the above. One great example is the Danish TV&Broadband provider YouSee http://www.youtube.com/watch?v=wDhO43cCErg

Another – from the other side of the world, Toyota:  http://www.youtube.com/watch?v=9falmVgjq6o&feature=g-all-u

But even if you only identify yourself with a subset of these letters, I would still categorize you as “social”. Let me elaborate:

Sincere

If you don’t mean it, don’t post it. Or retweet it. Or spread it. As a company or an individual it must be what you stand for.

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An idea becomes a movement: Why influencers influence

When something is important to you, you naturally feel the urge to communicate. Not just because “sharing is caring” but because more people sharing makes what is important -to you- important to more people. It’s called influencing.

Over the past 4 years, since entering the exciting, demanding but also enlightening world of Twitter, we have seen countless examples of individuals and companies using it as just another way of shouting. They shout about their products, their companies, their personal frustrations, politics, or strong engagements/causes. Be it football or feminism.

S.O.C.I.A.L.

But are they social? The ultimate acronym for being someone who cares (“sharing is “caring”) implies that you are sincere and communicate rather than shout. You communicate by being open and receptive to the person you communicate with. In order to be worth sharing, what you communicate must be triggered by your true motivation to collaborate around the issue. And more importantly, interested in what they need/have to say.

If and when you respond, what you say and how you interact needs to be what is truly who you are, to be authentic and therefore make a difference.

Finally, social means caring, and by showing that you care, you are likeable and will be a natural choice to follow and engage with. That is how you become an influencer. And that is what social media is all about.

A Twitter list became a movement

Last night I started collecting Danish influencers adding them to a list so that I could follow them all and engage where it makes sense. @tokeroed picked the idea up, made more suggestions and it has now grown into more than 30 Twitterers in Denmark from all geographies, all professions, both companies and consultants and self employed or out of employment. A group of people reaching out to each other to interact, share and care. Check out the list “Danish Influencers” on Twitter to meet these amazing people. I am sure, there will be more.

I cannot wait to see where this will takes us.