Tag Archives: Big Data

09.29.16
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What really happened at IPExpo Nordic Sept 2016

Cloud or not Cloud is no longer a discussion we need to have at IT trade shows – for most companies today, it’s by default. The discussion is not about the technology platform, it revolves around the transformation which cloud has enabled.

IP Expo is a trade show  on Cloud and Infrastructure, Cyber Security, Datacentre, Data Analytics and Developers. Vendors use it as a platform to show off new technology, and delegates to educate themselves with training sessions and workshops – and some stellar keynotes. It’s held held annually in the UK, but this year for the first time in Stockholm as a pan-Nordic event.

Overall, there was a gap between the vendors’ view of the IT shop floor and how we work, and the visions and experiences of the  Nordic IT professionals listening to thshowflooreir pitches.

 

Among the 52 exhibitors, there very few were outside the box, so to speak. Mostly, they were addressing singular IT challenges such as cyber security, infrastructure or offering access to the “Cloud” ( eh, what!?).  I am not saying it’s not important, just saying that we need to maintain a broader perspective.

 

You can check out some of the exhibitors and their messages and posts on the IP Expo Nordic Facebook page

Transform – don’t wait for digital, it’s already here. And bring your own lunch

Of course, as the conference program is very congested – no scheduled lunch or coffee break (a NO-NO in Sweden, organizers!) – you cannot possibly get the complete picture if you are not a machine and can sustain yourself on battery energy alone. So naturally, I did not see all the aspects of the messaging and content delivered at the sessions, but delegates I spoke with agreed that from their perspective there was really very little news. As a learning experience, it did not quite deliver.

Out of 81 speakers, only 9 were women (!)

The non-profit organisation Womengineer with their programs to engage large corporations in empowering more women in engineering both in education, trainee programs and in careers was given a small corner on the trade show. Luckily, they also had their own session which was extremely well attended, despite the more glamourous main programme in the auditoriums. Similar to the worldwide efforts to inspire girls to code, Womengineer holds Introduce a Girl to Engineering Days – mark your calendars for the next event on March 17, 2017.

Aroshine Munasinghe, Head of Business Relations at Womengineer and Jenny Stenström, blogger had checked out the gender balance  in the conference program – and including themselves, there were 9 female presenters out of 81. Quite unusual for a high profile conference in Sweden.

And I encountered many professional women in the various sessions.

 

Barbará and Carla from Lisbon, Portugal and were extremely satisfied with the content of the sessions and the high technical standard of many of the presenters. Among their personal highlights was Susanne Fuglsang in the Digital Transformation Panel who literally took center stage in challenging a lot of preconceptions on what digital susannefuglsangtransformation is about.

 We should stop speaking about digital transformation – it has already happened. We should focus on making the transformation a strategic objective in top management and more importantly middle management where resistence to change is prevalent.

(Susanne Fuglsang, Executive Producer, Another Tomorrow)

 

Len Padilla of NTT echoed this very well in his Digital Transformation session tugged away in the basement and coinciding with Trend Guru Alexander Bard’s glamourous keynote. Happy to say, we were at least 25-30 people who were brave enough to go against the celebrity flow and took some practical advice in the dungeon, as Len called it.

Not only do you need to involve more levels of your organisation in the process, you need to enable those managers who’s job it is to “keep the lights on”. They are the least willing to take risks, so to truly transform you must learn to encourage and reward risk taking and the consequent potential failure. (Len Padilla, NTT)

Smarter citizens – not devices

What IPExpo Nordic showed, was the obvious focus these large players and other software vendors have on the Nordics as a market, and the effort they are making to gain momentum with their key messages.

The keynotes from Microsoft, IBM and Amazon Web Services were all delivered by some of the company’s top speakers and all on what PR professionals call “on message”.  Gleefully interrupted by a worldclass presentation on how the CIO of the City of Stockholm, Ann Hellenius, and her team will make Stockholm the world’s smartest city.

How? Not by adding infrastructure: We have that already with Fiber Optics Bands reaching 30 times around the globe covering the greater Stockholm area.

No, by defining a smart city as the merger of human, financial and technological interactions to achieve the highest quality of life and the best environment for business. The main focus here is the interaction between citizens and services, between human and machine.

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The best digitalisation is when you do not notice that it’s there (Ann Hellenius, Stockholm City CIO)

Making sense of the data – the Big data

IBM’s visionary Rashik Parmar  addresses similar thoughts on the concept of smarter cities– but at IP Expo Nordic, illustrating that the focus of the presentations was not on the vision but on the product, he showcased IBM’s cognitive intelligence Watson instead.

(The program also had an encounter with Furhat the Robot Head, but alas, Furhat and I are yet to meet in person, so to speak).

The potential of this technology of course is enormous, and the Nordic audience, albeit not new to the concept, can relate to the potential of using cognitive intelligence to make the world a better place.

Some of us covering IT innovation, gadgets and business opportunities combined, are always looking for the killer app. For Watson and alike there are many, and Rashik Parmar introduced just one: using Watson analytics to “listen” for cracked wheels on long distance trains.

This is a really important job that used to be a manual one, with a railroad worker hitting with a hammer on each and every wheel at each stop to listen for cracks. According to Rashik Parmar, the ability to filter out everything but the sound defining a crack is unique to the Watson technology – the sheer amount of data involved and the processing required to make this a seamless process and not create delays is unique (at this stage) to IBM’s technology. And this saves lives.

No more -aaS abbreviations, let’s all code

Microsoft’s James Staten, Chief Strategist Cloud and Enterprise Division (The Era of IaaS is Coming to an End) warmly enthused about the hybrid cloud being the future and where Microsoft will continue to invest heavily: The combination of on premise computing and public cloud as a strategy.

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What Microsoft has probably realised is that they need a broader audience for their products and concepts in order to meet today’s real customers – the so-called citizen developers  as defined by Gartner.

Basically, it means that end users are taking over the world of software applications because everyone today can learn to and uses code. And Microsoft wants to help IT departments stay in control via Azure Security Center, among other concepts. Read more on the visions and strategies for Cloud in my exclusive interview with James Staten in my next blog post due in a few days.

Listening to Amazon Web Services Technical Evangelist Danilo Poccia was perhaps not as inspiring for leaps of thought, but all the same very useful and constructive. The Amazon Journey to the Cloud was just that – his step by step introduction to and presentation of the various services in the Amazon Web Services portfolio addressing today’s needs among developers and IT departments.

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The journey as a strategy is what captured the interest of one of the delegates I asked right after the lights were turned on. Per Nordahl, IT Strategy Manager at Telia, found that Amazon could focus more on the journey when walking through the services as a case – many larger enterprises can relate to this story of digital transformation.

 

What is innovation – can we capture this elusive pimpernell

Amazon defines innovation as (f = mechanism + culture).

Unfortunately I could not reach Danilo Poccia to ask how to attach some real metrics to this. But I think an equation like that could help many businesses quantify and qualify their rate of innovation ultimately to get more senior management buy-in for those crazy ideas we all know we need to stay ahead of the game in a digital world.

03.31.16
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Make your Market Data Speak – and become a sales hero

Let’s all agree: Marketing is a strategic and mission critical function in any business. But unfortunately, this is rarely recognized. To prove your value as a marketer, show that your marketing investment supports the business.

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The ongoing discussion about ROI and metrics is sidelining the key issue: It’s no longer enough to measure number of leads generated in push-campaigns, you need to measure engagement and generate quality behavioral data. Marketing contributes to business strategy and growth. And you – the marketing professional – can become a hero for the sales organization by turning the data into valuable insights.

What we as modern marketers need to do is to focus on the business and how marketing can be even more successful through collecting the right data to work smarter and engage the right audience. For me, it’s always been about the data. And luckily for me – it’s available from just about everywhere. Marketers need to take the front seat in the digital era and learn why and how data driven decisions make a difference for marketing impact.

“Customers today expect—and demand—a seamless and relevant experience,” says Teradata. “They have grown accustomed to marketers’ knowledge of their preferences and anticipation of their needs. Fractured or conflicting messages from a brand make marketers seem unorganized and annoy customers, sometimes even driving them away.”

The topic of data and marketing is making it’s way into the board room, and decision makers require market and customer centric data to guide them.

Johanna Lindskog Lindell, a Swedish data strategist and PR professional, explains:

“Just like your company, your customers leave a digital trace. Customers expect you to know and understand their interests and preferences. With each interaction between you and your customers, they become more and more open and transparent exposing their behaviour and interests. Make use of these insights so that they can become the building blocks of your business.”

Easier said than done

In his blog in June, 2015 Jonathan Buckley of Qubole provides some useful insight on what it takes to create a datadriven culture in the enterprise, emphasising the need for both visionaries, tools and accountability in the process. But not all of us are sitting at the big round table, and for marketing to take a seat where visions turn into strategy, there is a both bottoms up and top down approach.

Johanna is a major influencer in the Swedish PR-world. In her regular blog on Resumé, published by Bonnier Business Media (in Swedish) she elaborates on how to build a datadriven strategy that keeps you out of trouble and gets you closer to the board room when decisions are made:

  1. Consolidate your data

Combine the data available in your organisation to drive strategic decisions, understand your customers and the perception of your brand. To strengthen your brand, you need to understand your position in the market…

  1. Listen

Success depends on how well you identify and understand your customers by letting their data speak to you. It’s not just about your brand and what you want to communicate. By listening you will understand what type of problems people want to solve, and what interests them. These insights are invaluable for your business.

Johanna

  1. Develop strategic campaigns

By listening you will gain insights and understand what drives your customers, what their engagement is about and how they perceive your brand. Using this data you can create strategic activities which can be applied to your entire organisation.

  1. Optimise and improve, try and try again!

Optimise your campaigns as you go by interpreting the information shared by your customers, and stay focused on customer driven marketing. Most companies and most people want to see metrics after a certain time period. I prefer comparing data with yesterday’s data. Mostly to see how well I have succeeded, what I can optimise and what I can improve.

What’s a petabyte?

So what is datadriven marketing? It is the creation of value that supports business objectives and your strategy. And it’s really quite mind boggling, how much data we as marketers have access to.

cartoon-turkey-data-science

 

In less than five years from today, experts predict that our annual data creation will reach nearly 45 trillion gigabytes, that’s 45 million petabytes. The human brain is estimated to store the equivalent of 2.5 petabytes of binary data. 2.5 versus 45 million petabytes.

You could also say that the available data in the world is more than what is stored in the brains of the entire population of – say – The Netherlands.

With all this data available to individuals, corporations, and governments, you will benefit hugely if you build your marketing strategy and execution on data.

When data is leveraged brilliantly, it can reveal highly useful patterns and trends. And you will find things to improve, not just in marketing but in other business functions as well.

 

 

 

 

03.04.16
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Success is about balancing data, art and poetry

Some people – including many marketers – think data is dull and boring. I don’t. Data has poetry when you know how to look. To let it speak to you is  pure art; it will help you develop a successful datadriven strategy.

Nonsense

 

For a while now I have been struggling with definitions and perspectives on the enigma of datadriven marketing. There are so many different skills involved – and so many departmental functions that hold a stake. To understand the confusion, you might like to read my previous post What is Datadriven Marketing Even the dictionaries, let alone the stakeholdes themselves, are struggling with the term. From a marketing perspective, however, there is a clear purpose:

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.

big-data-cartoon-100000-warehouses

Click here for more of these excellent cartoons.

 

Datadriven marketing is pretty straightforward

“This is what works: being clear about a Call to Action, knowing your audience, crafting content that’s got a story to it, measuring and analysing results and adjusting based on the data.” (Jim Rosenberg, Chief Communications Officer at Accion)

There are some key words in this statement which have evolved into separate – and rather hyped – marketing disciplines:

  • Know your audience – the hype word here is personalisation
  • Content with storytelling – the hype word is Content is King
  • Measuring and analysing results – the hype word is Business Intelligence

What perplexes me is that each of these components seem to be addressed separately depending on what is the hottest trend on the various expert forums and conferences aimed at marketers. Add the #InternetOfThings to the mix and it gets even more disassociated from the real business purpose of marketing.

Getting personal

What if marketers listened to their data before they applied it to a mailing list with names, company size and job title? Personal contact information provided over completed online forms tends to be incorrect, flimsy and incomplete. Often it is  contaminated in the mailing application by duplicates and record matching, and the risk of antagonizing the recipient is real.

Personalisation should not be about getting the name and job title right, it should be about getting personal to the extent that the timing, the message and the format is relevant to the person receiving the communication.

Get aligned – or perish

What if marketers worked their way backwards from the business objectives to the content that was needed and embraced by the sales organisation to achieve them?

Studies show that despite “Content is King”, many sales teams do not fully utilize these carefully drafted assets:

Only 9 percent of content created in enterprise marketing departments is viewed more than five times by the sales department, according to Docurated’s latest State of Sales Enablement report.

Apart from an apparent lack of strategy around content creation, marketing and sales teams are not communicating and appear to be creating content in silos. Read more here.

How to turn metrics and analyses into actionable insights

The good news is that organizations are collecting and creating more data, but they also have better analytics tools and techniques available. The bad news is that there can be too much of a good thing. Paul Blasé from PriceWaterhouseCoopers explains it like this:

“For example, they (…the senior management…) can debate, ‘well why did the market grow at this rate when I assumed [it would grow] at this rate; or why did this competitor gain share versus me, when I assumed the opposite would happen because I dropped my price? It’s about combining the intuition and the experience with the science of data analytics together to help an executive team make better decisions, and that’s where we’re seeing traction.”

The challenge is to allow the poetry to enter the discussion – expressed by Blasé as combining intuition with experience. Because what characterises these questions is that executives tend to address historical data with lagging indicators and based on KPIs and other metrics they defined not from insights they need, but from data that is available to them within the scope of the reporting and analytics tools that they currently use.

The Harvard Business Review conducted an interesting study among graduates who were in positions where the focus was on researching competitive intelligence. And concluded that only half of the companies actually use the competitive intelligence that they collect.

Why? Because when decisions are made, he or she who shouts the loudest, normally defines the game. So if data is collected and interpreted only to reconfirm an assumption or justify a strategy already defined, or if the actual data provides insights that are countering the loudest shouter, management may end up making some very bad decisions. But you can turn it around – if you listen and understand what the data tells you, successful decisions will help your business and your career. One of the examples from the Harvard Business Review study is from a pharmaceutical company that used the data to make business related decisions:

A common theme across industries was the smart reallocation of resources. One analyst told us that their company had stopped development on a project that was consuming lots of local resources after the analysis indicated it wouldn’t be effective. They then re-applied those resources to an area with true growth potential — that area is now starting to take off. In a different company, an analysis led to the cancellation of an extremely high-risk R&D program. (Benjamin Gilad, Leonard M. Fuld, Harvard Business Review Jan 28, 2016)

Read more about why organizations struggle to get data cultures right in this article by David Weldon from Information Management.

torturing-the-data3

From chaos to order

In the second half of this video  the SBI (Sales Benchmark Index) Revenue Growth Maturity Model defines the evolutionary flow from data strategy chaos to order:

  1. Chaos – the organisation has a corporate data strategy but it is not translated into a functional direction.
  2. Defined – there is both a corporate and functional strategy, but they are not implemented.
  3. Implemented – now, the strategies for both corporate and functions are implemented but remain separate entities and not aligned.
  4. Managed – now we have aligned the strategies to run the organisation with a defined goal and actionable insights
  5. Predictable – aligned both internally within the organisation and including and integrating external data sources from the market.

According to SBI, 51% of US companies are still at level 1 – in a chaotic environment where strategy is neither communicated nor aligned with the business.

That is the pitfall that digital marketers must avoid – the disalignment of business objectives and marketing strategy.

 

 

 

 

 

 

 

02.10.16
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Data whispering presidential elections

It’s interesting to find the correlations between social media data and unexpected results during major elections. The power of the crowd is growing.

I found an amazing data whisperer, Stephens-Davidowitz aka @seththoughts on Twitter – a NY Times opinion writer and former Google Scientist. And he alerted me to the real scoop of yesterday’s New Hampshire caucus:

The interesting part is not the fact that one or the other candidate is trending – it is the timing and context that makes it so remarkable. 

People appeared to be considering John Kasich and investigating what he stands for, only when the first primary result in the little town of Dixville Notch showed Kasich beating Donald Trump 3-2. New Hampshire residents started googling him. A lot. Take a look:

 

trends

If you click on the link to the Google Trends comparison @seththoughts prepared when he started to notice the correlations, there is a clear spike where Google Searches on John Kasich increased dramatically right after the reports of the surprise win in the first result came in. It happened between 7 pm and 8.30 pm.

Can you predict election results with social media?

Of course, it’s never straight forward. This interesting paper by a group of computer scientists at Wellesley College ON THE PREDICTABILITY OF THE U.S. ELECTIONS THROUGH SEARCH VOLUME ACTIVITY concludes that Google Trends was not a good predictor of the outcome of the 2008 and 2010 elections. But the limitation of only focusing on one parameter – in this case Google Searches out of context and time – was clear to them even then:

Nevertheless, if there is a widespread belief among the journalists that G-trends have such a predictive power, it may not be long before it becomes a self-fulfilling prophecy, influencing voters’ decisions: reassuring and exciting some, while discouraging others from voting in pursuit of a lost battle.

Perhaps that is what happened on the night, when John Kasich became a plausible contester (and perhaps by many an alternative they had been hoping for) when he won the first published result from the tiny town of Dixville Notch, New Hampshire over Donald Trump.

Make the data speak – listen and engage when it really matters

Opinion polls seem to have a strong influence on how politicians formulate their campaigns and whether or not they believe they can win.

But with social media, there is a source much more reliable than disturbing phone calls during family dinners.

What candidates might consider, is to steer away from listening only to news anchors and sponsored social media posts and to engage with the crowd itself. In Iowa, Bernie Sanders’ campaigners went door knocking – the next step is to transform the knowledge gained into actionable political strategy. Whether the knowledge is collected in door-to-door conversations or social media conversations is less important than how it is incorporated to keep it relevant and appealing on the day it happens.

Because as the example of New Hampshire has shown, it’s all about timing.

Pros and Cons from other research:

 

 

 

02.02.16
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How to win presidential elections with a digital strategy

“If the Democratic party were a body, Bernie Sanders would be the heart and Hillary Clinton the brain”

No one expects the Spanish Inquisition – and initially, nobody expected Barack Obama to have a real chance – even more so to get re-elected for a second term. What was his secret? It was being both the brains and the heart.

His method was using data to gain insight into what people care about and address that issue at each and every rally right there and then. When the issue was burning the most.

For us non-US observers it is worth remembering that the key to winning the candidacy as well as the election is not necessarily winning the votes of those who walk to the ballots. It’s about engaging those who wouldn’t.

A datadriven digital strategy

A datadriven strategy enables you to identify the issues that engage your audience.

For his first term election campaign, Obama succeeded in engaging a generation – the generation of social media which was just about to take off at the time.

RomneyObama

He was the first major political candidate to understand the power of sentiments and the power of the voice of the people outside the established channels such as television and news anchors.

By 2012 for the re-election he – or his team of advisors – had understood the power of using data to refine the message and making it timely.

The power of the crowd

As I am writing this article, the final numbers for Iowa have not yet come in, but it is a 50-50 race between Bernie Sanders and Hillary Clinton. In social media, Bernie Sanders has won (according to this Reuters analysis.)

U.S. Democratic presidential candidate Bernie Sanders raises a fist as he speaks at his caucus night rally Des Moines

Bernie Sanders raises a fist as he speaks at his caucus night rally Des Moines. REUTERS/Rick Wilking

Sanders was mentioned 77,000 times versus Clinton’s 55,000 times (Brandwatch) and gained 15,699 new Facebook followers on the one day. Clinton’s Facebook page only came third with 6,210 new followers that day, trailing Donald Trump’s 10,704.

As in all data, one must not jump to easy conclusions and take the number at it’s face value. There can be many different reasons why someone chooses to like a Facebook page – you could be liking an opponent to observe and learn, or to troll and create a disturbance. The second level of such an analysis should therefore always be a sentiment analysis and catalogueing the social media influence of these new followers to be able to conclude credibly whether this will impact a future election result.

 

ObamaNew

But one thing is certain – you could easily turn the intelligence gathered from this analysis into a practical campaign such as Obama did. One example is given below where the objective was to engage would-be supporters who just had not registered to vote with BigData combined with TV advertisement.

DigitalStrategyPresidentialElections

 

I can’t wait to read more analyses on how the candidates fare by making their data speak. May the best data whisperer win.

 

More interesting links to the impact of social media on US elections:

 

 

 

01.04.16
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Your website is your business

Remember the early days? When companies were proud to announce that they, too, were “on the internet”? When all they did was digitalise their corporate brochure and added an info@ email address. Which sometimes even wasn’t clickable.

Unfortunately, despite all the technology, all the amazing professional designers and developers, there are still far too many websites who do not engage and add value. (At this point, I could add a “wall of shame” to this blog entry, but that is not a nice thing to do. I am sure, if you are one of them, you know it by now.)

Speed is the new currency of business

Your ignition key is your website if you want to keep up – and speed up – your act. Modern marketers develop content and interactions based on websites and landing pages where all customer interactions, and thus all the useful data you need in the sales follow up, is tracked, monitored and converted into actionable insights and next steps.

If you do not understand how to act and react fast and to the point, chances are you and your business will be disrupted by someone who does.

waze

Stay on target. Keep the content valuable, up to date, and avoid click baiting your audience to capture their information – and then leave them dissatisfied with the quality of the information they committed their personal details to get access to.

And whenever you create a website, think about what you – yourself – would look for and where you would look. Or better, if you have the time and the budget, engage with an agency that specialises in user interfaces and website navigation.

Be honest and transparent

Recently, I crossed the Oresund Bridge between Copenhagen and Malmö for a quick Christmas family visit. The lovely young agent in the toll booth offered me 50% off my total fee for two crossings, if I saved the discount code on the receipts and logged into their website within 28 days to claim my discount. Pretty straightforward.

Oresund-Bridge-51575

But I never found out how to do it! Because after navigating around the website, checking all the tabs, using the search function, using the FAQ section – there was no mention of this possibility. I gave up twice. Then, finally, on the last day of the offer I gave it a last try. And I realised that the offer was directly connected to purchasing a BroBizz – loyalty program where frequent travelers across the bridge get 50% off their normal fee. But I live very far away, and would normally not go via this route.

Not only did the website make it impossible for me to find what I was looking for, because search functions and FAQs did not include this offer = not up to date. They also were not completely transparent about the main objective of this special offer campaign: to get more BroBizzers.

Be up to date

So, whenever you create a campaign that is driven through your website – make sure the content, layout, call to actions and data management is up to date and synchronized. And that your employees are properly briefed about the campaign objectives and how it works.

You lose consumer respect much faster than you can ever regain it. For someone like the company operating the Oresunds Bridge, the website IS their business. It’s the only channel they have to interact with and add value for their customers and potential customers. With more than 20,000 vehicles passing over the bridge daily according to www.orestat.se there is a lot of potential.

Be social

And your business is social. For inspiration, take a look at www.waze.com – also in the business of facilitating traffic. With this little app, GPS navigation has been seriously disrupted. Users want more than just maps, they want to know where the traffic buildup is right now, where the speed traps, the accidents, the roadkills are at the very moment they are heading in that direction – and what their route options are if they want to avoid them. And while they are at it, they can be social, collect points, rise levels (I am a Waze Warrior and striving to become a Ninja). Google Maps is losing ground as we all outsmart traffic together.

Wikepedia explains, and has more details:

Waze (pronounced ways), formerly “Freemap”, is a GPS-based geographical navigation application program for smartphones with GPS support and display screens which provides turn-by-turn information and user-submitted travel times and route details, downloading location-dependent information over mobile networks.

waze

And in the past month, Waze even had a special Star Wars theme, where C3PO was giving me the directions, and I could collect points by driving on roads where no-one had gone before and thus add to the quality of the maps available to all. Collecting little Tie Fighters. Sadly, this little game is over now.

Happy New Year!

A big thanks to @holman – read his article on what developers were facing when creating websites in the 90s. Those who tried to go beyond digitalising the corporate brochures.

 

09.29.15
by

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.

05.02.15
by

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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03.21.15
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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