SlideShare uma empresa Scribd logo
1 de 95
Be a




       Agenda / Menu
              1
Be a

   Big

 Data                  Voodoo

                       Daddy



                           Agenda / Menu
# BDVD     # FutureM              2
Be a

   Big

 Data                   Voodoo

                        Daddy

                       (or mama)
                             Agenda / Menu
           # FutureM                3
# BDVD                              3
# BDVD




                    Ed Alexaner
         Ed Alexander, Managing Consultant




                        @fanfoundry
                                             Agenda / Menu
# BDVD                  # FutureM                   4
Agenda / Menu                    (   = link button )

   What is it? News and Views
   Cultural and consumer trends
   Corporate Trends
   Technology Landscape (the Cool Tool Pool)
   Demo Time
   A Test Methodology (BADIR)
   Use Cases
   Ways to test your own data
   Get Better Data (7 Quiz Questions)
   Public & Private Sector Data Mashups
   Get Real (time)
   Summary, Future Events, Resources
   # BDVD            # FutureM                         5
Defining “big data” – the four V’s:




     # BDVD          # FutureM        6
If

 Data

Could

Talk…
# BDVD    # FutureM   7
If
                      (   )
 Data

Could

Talk…
# BDVD    # FutureM           8
Challenges – tooling up to:
  • Capture, combine and curate
  • Store, search and share
  • Analyze and visualize




                         # FutureM   9
    # BDVD                           9
Cross-channel marketing challenges

  35% - Managing campaign execution across
  multiple channels

  33% - Understanding customer interactions
  across channels

  25% - Controlling marketing budgets that
  depend on IT collaboration

  Source: “ The Key to Successful Cross-channel Marketing”, an
  Oct. 2012 Forrester / ExactTarget survey of 211 US marketers

                           # FutureM                        10
     # BDVD                                                 10
Opportunities
  •   Internet search
  •   Business informatics
  •   Medical research
  •   Genomics
  •   Astronomy
  •   Aviation
  •   Meteorology
  •   Finance




                             # FutureM   11
      # BDVD                             11
Sources – 2 new quintillion bytes / day
  •   Sensors
  •   Mobile devices
  •   Cameras
  •   Microphones
  •   Social graph – UGC




                           # FutureM      12
      # BDVD                              12
The news, in general…
  The worst economic crash in 75 years

  A world economy with no place to hide

  “Always on” connectivity

  Widespread distrust of business

  Activist shareholders and special interest groups

               How does it impact your marketing agenda?


     # BDVD                  # FutureM                     13
Big Data in the news…




    # BDVD         # FutureM   14
What next? (kidding!)




    # BDVD         # FutureM   15
What next? (kidding!)



    Special
   Big Data
     Issue




                   # FutureM   16
     # BDVD                    16
What next? Not kidding!
                      Sunday magazine article - upshot:
                      • It’s about big data, not Wal-mart
                      • The customer has all the power

                       Example: Kroger (coupon response)
                      • 70% of targeted
                      • 3.4% of mass mailed

                      Analysts & Techs Quoted:
                      • Kantar Retail
                      • Symphony IRI Group
                      • Catalina Marketing
                        Modiv Media’s “Scanit!” device
                      • 89 Degrees

                  # FutureM                         17
    # BDVD                                          17
The corporate view: big data in marketing
  Emerging stages – some business sectors have gone
  mainstream; Marketing is tooling catching up

  Mainly departmental - not much data integration or sharing

  Intuition based on business experience is still a driver; data
  analytics plays a supporting role

  Data challenges persist: accuracy, consistency, access, realtime

  Talent shortage -    challenges business to apply results

  Culture’s role: orgs with a “culture of measurement “ succeed

     # BDVD                  # FutureM                             18
The corporate view: big data in marketing
                               Bloomberg Business Week Research Services




                   # FutureM                                    19
    # BDVD                                                      19
The corporate view: big data in marketing
                               Bloomberg Business Week Research Services




                   # FutureM                                    20
    # BDVD                                                      20
The corporate view: big data in marketing
1. CXOs now paying attention. Why?
• Compete – lead up, catch up, patch up PR
• Add Predictive Intelligence – detect, adapt, seize opportunity
• Optimize - avoid leaving money on the table

2. Elusive answers are suddenly more attainable everywhere
        Operations, Sales, Marketing, Customer Care, R&D, etc.

3. Transformation can now be justified with data + judgment
• Managers are now analysts who produce & consume data
• Managers leverage business savvy to interpret and act on data

4. Priorities can be tuned
• Identify top few “needle mover” opportunities and focus on them
• Decision support can gain visibility based on proven results 21
       # BDVD                 # FutureM                            21
Cultural trend:
    Data-driven, custom communication




     # BDVD       # FutureM             22
Cultural trend:
    Data-driven, custom communication

1992: sad :(
PointCast
Intrusive
In your face
Off-target
Poor quality

     # BDVD       # FutureM             23
Cultural trend:
    Data-driven, custom communication

1992: sad :(      2002: mad ):
PointCast         “Push sux”
Intrusive         Subversive
In your face      Intrusive
Off-target        Spooky
Poor quality      Invasive

     # BDVD          # FutureM          24
Cultural trend:
    Data-driven, custom communication

1992: sad :(      2002: mad ):           2012: rad! :)
PointCast         “Push sux”             I want my MDV
Intrusive         Subversive             Welcome
In your face      Intrusive              Expected
Off-target        Spooky                 Preferred
Poor quality      Invasive               …but secured?
                                 *MDV: Massive Data Visualization
     # BDVD          # FutureM                             25
The new consumer demand:
    “I want my MDV”:
  We’re always on, and doing it now -
  • Showrooming
  • Facebooking
  • GPS navving
  • Socializing – Foursquare, Twitter, Instagram, etc.
  • Shopping & Banking

  • Customer care
  • Audience & Community building
  • World blending
     (ex: QR, text, POS, Call Center
     # BDVD                 # FutureM                    26
The new consumer demand:
    “I want my MDV”:
  Millenials are Digital Natives – mobile, social and always on

  They blur the lines between the digital and physical world
  They are less concerned about what’s going on with their data *
  By 2020, they will account for 50% + of retail spending

  Post-millenials are growing up digital *

  They seek trust, transparency and
  authenticity


                             # FutureM                            27
     # BDVD                                                       27
Corporate Trends




    # BDVD         # FutureM   28
Big Data's Shifting Focus: Transaction > Engagement
                                                                                                      Personal
      Systems                        Analog      Transaction        Engagement      Experiential
                                                                                                    Fulfillment
         Circa                   Pre-1950's        1950+               2000+            2005+          2010+
                                Reliability &    Continuous          Sense and       Agility and     Intention
  Design Point
                                  stability     improvement          response         flexibility      driven
    Challenge                        Human       Computing             Social       Contextual       Individual
  Comm. Style Analog Systems                      Dictatorial     Conversational    Role tailored   Personalized
                                                                   Multi-channel,      Bionic,
                                                                                Social-led,
           UX                       Physical    Machine based
                                                                     real time        portable
                                                                               omni-media
                                                                              Time / space
     Speed      Governed       Just in time      Real time        Right time
                                                                                continuum
                                                Corporate &                      Personal,
     Reach       Physical       Corporate                        Value chains
                                                  Internet                      one to one
Information &                   structured                        Immersive    Self-aware,
              Word of mouth                   Knowledge flows
  Knowledge                  records & data                      information    embedded
     Social                   Tangentially     Fundamentally      Pervasively  Ubiquitously
               Water cooler
  orientation                      social           social          social        social
 Intelligence Human based      Hard coded      Business rules     Predictive  Pattern based
                                                                   Loyalty,       Social
                                               Community &
   Examples   assembly line Payroll, ERP, CRM                  reward, games, relationship
                                               social business
                                                                   context    management
Source: R Wang & Insider Associates, LLC.

                                                                # FutureM                                          29
                       # BDVD                                                                                      29
# BDVD   # FutureM   30
# FutureM   31
# BDVD               31
Gartner: 72% have a “CMTO” today




  # BDVD       # FutureM           32
http://www.emarketer.com/Article.aspx?R=1008909

# BDVD                          # FutureM              33
( What, no real time? )


                                                                      72%




     http://www.emarketer.com/Article.aspx?R=1008909

# BDVD                          # FutureM                        34
Technology Landscape (Cool Tool Pool)
                       DAM                                     SEO
      Email                            Testing &                            Search & PPC ads
      Marketing                        Optimization
                     VIdeo
                             Landing                               Site add-ins
                                             Web sites
                             Pages
        Marketing                               E-commerce                   SM Ads
        Automation     Webinars
                                                                    Targeting         Display ads
CRM                          Community
                                                           Personalization
                     SM marketing      Call center
      B2B Data                                                           Multi-channel
                                           Gamification
                               Analytics           Mobile
        Databases                                              Design      Creative
                                             Chat
      Big Data                                            Events                   Video ads

  Datasets                                                         PR
                             APIs      Surveys
                                                                          Collaboration
                     Cloud
      Business                       Customer             Loyalty
      Intelligence                   Experience                         Location          Agile
         # BDVD                     # FutureM                                              35
Technology Landscape (Cool Tool Pool)




   # BDVD        # FutureM              36
Stretch Goals for Cool Tools
1. Rapid time to value - always on, omni-channel, user chummy
   for staff and customers
2. Point and click customization - user-driven, brain dead simple
3. 360 degree customer view – every salient data source linked,
   integrated and secure
4. Real time visibility - instant refresh for all customer-facing and
   decision making (tactical) occasions
5. Clean data - easy for all users to maintain, inspect and fix
6. High adoption - self-training, guided navigation, less clutter
7. Extended success – new capabilities & advantages
8. Broad community - best / better practice sharing – each one
   teach one

                                # FutureM                          37
       # BDVD                                                      37
The payoff: central data + cool tools
Strategic Goals
1. Boost productivity and efficiency
• Centrally accessible, multichannel marketing data
• Serves across addressable marketing channels
• Easier to find and act on than data trapped in silos.

 2. Reduce costs, improve marketing productivity
    Centralized multi-channel marketing data:
• Improves ability to target and glean subscriber intelligence
• Improves efficiency of data intelligence tasks
• Improves organizational alignment

 3. Enhance customer segmentation and personalization
• Consistent view into multichannel customer data
• Improve segmentation, 1:1 personalization, relevance
                               # FutureM                         38
   # BDVD                                                        38
The payoff: central data + cool tools
Tactical goals

•   Campaign analytics and testing
•   Optimization, Acquisition, Lead Generation
•   Predictive Modeling – what is your killer niche?
•   Segmentation / Personae – who acts how?
•   Attribution precision – across channels, online and offline
•   Valuation of social media
•   Design testing (multivariate testing)
     • Websites
     • Emails
     • Offers
     • Messages




    # BDVD                      # FutureM                         39
It’s

 Demo

 Time!



# BDVD    # FutureM   40
Framing the Discussion (Surprise!)

It’s not about data & dashboards, it’s about culture & context.

Ask: how can data help solve problems and guide decisions?

1. Decide which challenges you’d like to address. Examples:
       reducing customer churn ● improving sales
       reducing inventory cost ● improving upsell / cross sell
       improving service ● improving user experience

2. Develop a use case – customers, partners, departments, staff
3. Run a pilot project – involve those end-users
4. Invest in ways that will help meet your challenges.

   # BDVD                 # FutureM                          41
A Test Methodology: BADIR

  Business   Analysis      Data       Insights   Recommend
  Question     Plan      Collection               Solutions




  # BDVD                # FutureM                             42
A Test Methodology: BADIR

   Business         Analysis          Data            Insights     Recommend
   Question            Plan         Collection                       Solutions



 Sidebar:

 Use BADIR not only to test and report on data, but to vet those Cool Tools.

 Ask:

 Does that “cool tool” help break down silos?
 Does it support integration of processes and data?

                                                          Okay, moving on…


                                  # FutureM                                      43
   # BDVD                                                                        43
A Test Methodology: BADIR

        Business        Analysis         Data           Insights     Recommend
        Question          Plan         Collection                     Solutions



Vague:             Hypothesis:       Specific:      Choices:         How do your
How should I       What business     Only collect   The right        findings answer
improve my         beliefs will we   the data you   methodologies    the business
marketing          test, and how?    need           and techniques   question?
spend?

Specific:
How can I
identify
underserved
customers?

        # BDVD                        # FutureM                                   44
Case Study #1:

        Business        Analysis         Data           Insights     Recommend
        Question          Plan         Collection                     Solutions



Vague:             Hypothesis:       Specific:      Choices:         How do your
How should I       What business     Only collect   The right        findings answer
improve my         beliefs will we   the data you   methodologies    the business
marketing          test, and how?    need           and techniques   question?
spend?

Specific:
How can I
identify
underserved
customers?

        # BDVD                        # FutureM                                   45
Case Study #1:

         Business        Analysis         Data           Insights     Recommend
         Question          Plan         Collection                     Solutions



Vague:              Hypothesis:       Specific:      Choices:         How do your
How should I        What business     Only collect   The right        findings answer
improve my          beliefs will we   the data you   methodologies    the business
ticket sales?       test, and how?    need           and techniques   question?


Specific:
How can I
identify
productive
ticket sales
initiatives?
         # BDVD                        # FutureM                                   46
Case Study #1:

         Business        Analysis         Data           Insights       Recommend
         Question          Plan         Collection                       Solutions



Vague:              Hypothesis:       Specific:      Choices:           How do your
How should I        What business     Only collect   The right          findings answer
improve my          beliefs will we   the data you   methodologies      the business
ticket sales?       test, and how?    need           and techniques     question?


Specific:           Hypotheses:
How can I           1. Will an early bird discount sell tickets?
identify            2. Will a promo code help sell tickets?
productive          3. Will a promo code stimulate referrals who buy?
ticket sales        4. Will people still buy at full price?
initiatives?                  Let’s analyze current data
         # BDVD                        # FutureM                                     47
Case Study #1:

         Business         Analysis              Data                Insights        Recommend
         Question            Plan             Collection                                 Solutions



Vague:              Hypothesis:           Specific:           Choices:               How do your
How should I        What business         Only collect        The right              findings answer
improve my          beliefs will we       the data you        methodologies          the business
ticket sales?       test, and how?        need                and techniques         question?


Specific:           Hypotheses:                                                             QTY   PCT
How can I           1. Will an early bird discount sell tickets? . . . . . . . . .          231   28%
identify            2. Will a promo code help sell tickets? . . . . . . . . . . .           149   19%
productive          3. Will a promo code stimulate referrals who buy?                       262   32%
ticket sales        4. Will people still buy at full price?. . . . . . . . . . . . . .      168   21%
initiatives?                                                                                810
         # BDVD                             # FutureM                                                48
Case Study #1:

                    Data       Insights
                  Collection




                                          QTY   PCT
                                          231   28%
                                          149   19%
                                          262   32%
                                          168   21%
                                          810
                 # FutureM                       49
  # BDVD                                         49
Case Study #1:

                    Data       Insights
                  Collection




                                          QTY   PCT
                                          231   28%
                                          149   19%
                                          262   32%
                                          168   21%
                                          810
  # BDVD         # FutureM                       50
Case Study #1:

                    Data       Insights
                  Collection




                                           QTY   PCT
                                           231   28%
                                           149   19%
                                           262   32%
                                           168   21%
                               Community   810
                 # FutureM                        51
  # BDVD                                          51
Case Study #1:

         Business   Analysis      Data       Insights    Recommend
         Question     Plan      Collection                Solutions



Vague:                                                    How do your
How should I                                              findings answer
improve my                                                the business
ticket sales?                                             question?


Specific:                                                    QTY   PCT
How can I                                                    231   28%
identify                                                     149   19%
productive                                                   262   32%
ticket sales                                                 168   21%
initiatives?                                 Community       810
                               # FutureM                              52
         # BDVD                                                       52
Case Study #1:

        Business          Analysis              Data                Insights        Recommend
         Question            Plan             Collection                                 Solutions



Next up:
Multichannel
attribution

Behavioral
Scoring
                    Hypotheses:                                                             QTY   PCT
Social Sharing      1. Will an early bird discount sell tickets? . . . . . . . . .          231   28%
impact              2. Will a promo code help sell tickets? . . . . . . . . . . .           149   19%
                    3. Will a promo code stimulate referrals who buy?                       262   32%
Geo/Pop/Wealth      4. Will people still buy at full price?. . . . . . . . . . . . . .      168   21%
                                                                                            810
                                            # FutureM                                                53
         # BDVD                                                                                      53
Case Study #1:

        Business    Analysis      Data       Insights   Recommend
         Question     Plan      Collection               Solutions



Next up:
Multichannel
attribution

Behavioral
Scoring

Social Sharing
impact

Geo/Pop/Wealth

                               # FutureM                             54
         # BDVD                                                      54
Case Study #1:

        Business
         Question



Next up:
Multichannel
attribution

Behavioral
Scoring

Social Sharing
impact

Geo/Pop/Wealth

                     # FutureM   55
         # BDVD                  55
Case Study #2: Catalog Retailers
           (national brands)




  # BDVD         # FutureM         56
A Marketing Optimization Map

    PLANNING                     OPTIMIZATION           WEB SERVICES                    ENGAGEMENT

                                      MORE
M                              Analytics Optimization          Response
                                                                                      Internal        C
A    Dashboards                                               Management                              O
R                                                                                    External         N
K                                                                                                     S
     Reporting                                                 Request
E                                                                                     Chat            U
                                                              Management
T                                                                                                     M
                                                                                       Web
E                                                                                                     E
                                 Offer     Consumer
R    Offer Portal               Catalog      Data                                                     R
                                                                                        Messaging +
                                               Data                                     Catalogs
                                             Adapters   +   Demos & Lifestyle
                                                        +   Life-Stage
                    CUSTOMER   ECOMMERCE                +   Purchase Behaviors
                       DW        SYSTEMS
                                                        +   Security & Preferences
                                 AND POS
                                                        Enhancement
                    Client Systems                          Data
           # BDVD                                # FutureM                                            57
Testing your data




     # BDVD         # FutureM   58
Ways to test your own data

Multivariate Testing - testing more than one element of an offer,
website, email etc. in a live environment. Multiple A/B tests.

Grail quest: optimize content across channels and contacts
                           Content



                Contacts             Channels
Limits:
• Time – to obtain statistically valid samples
• Complexity – although tooling helps greatly
• Computing power – although Cloud apps / hosting helps

   # BDVD                  # FutureM                         59
Where to test?

Online is easiest (but offline can be tested, too)

               Email:
               • Open, click & convert rates

               Website:
               • Landing page conversions
               • User registration pages
               • E-commerce checkout processes

               Offline:
               POS, Call Center, Catalog, Brochure, Signage,
               Layout
   # BDVD                  # FutureM                           60
What to test?

Effect or response to changes in Physical Appearance Elements
• Copy
• Layout
• Images
• Colors (backgrounds, etc.)

Effect or response to changes in Content Elements
• Price points
• Purchase incentives
• Premiums
• Trial periods


  # BDVD                 # FutureM                       61
Testing’s biggest challenge:

Complexity – it happens quickly!

   Example: To test 3 different images in 3 different locations,
   you need to test how many possible combinations?

           a) 9

           b) 18

           c) 27



  # BDVD                  # FutureM                          62
Testing’s biggest challenge:

Complexity – it happens quickly!

   Example: To test 3 different images in 3 different locations,
   you need to test how many possible combinations?

           a) 9

           b) 18

           c) 27



  # BDVD                  # FutureM                          63
Test tools

Browser side (page tagging)
Examples (visit www.whichmvt.com for more) :




Server Side (DNS proxy, or hosted in your data center)
Examples:

  # BDVD                # FutureM                 64
Test methods

Discrete Choice / Choice Modeling (complex)
Vary the attributes or content elements
Quantify impact of combinations on outcomes
Discover interaction effects

Optimal Design
Iterations and waves of testing
Consider relationships, interactions, constraints across elements

Taguchi Methods
Reduce variations yet obtain statistically valid test results


   # BDVD                   # FutureM                           65
Get better data




                  # FutureM   66
     # BDVD                   66
7 Quiz Questions for Better Data

1.   What data should I have?
     Look at your core mission, values, vision, strategy

     • What 5 things will impact the business in the coming year?
        o Ex: Will weather patterns affect L. L. Bean’s winter sales?

     • What are revenue drivers – quarterly, annually, channelwise?
        o Can new big data sources yield competitive advantage?

     • What are the “subjective” success criteria? Sales? CRV? Lift?

     Decide what matters, and set objectives from that.
        # BDVD                  # FutureM                         67
7 Quiz Questions for Better Data

2.   What metrics should I have?
     • Define Measurable goals - R&D, Marketing, Support, Sales,
       Ops, Finance, Engineering, HR etc.

     • Determine the right metrics.

     • Make certain you have the tools to measure them.




       # BDVD                 # FutureM                       68
7 Quiz Questions for Better Data

3.   What stands in the way?
     Get clarity and agreement on how to measure goal attainment.
     Example: “Better customer service” is a bit too nebulous

     • Metrics with inaccurate or incomplete data
     • Metrics that are complex or difficult to explain
     • Metrics that complicate operations or create excessive
       overhead
     • Metrics that cause people to act at cross purposes with the
       firm.
     An outsider should be able to audit if objectives were met.

       # BDVD                 # FutureM                         69
7 Quiz Questions for Better Data

4.   How can I get data and
     measurements on demand?
     SaaS apps can help you connect dataflow to analysis.
     Just beware the locked spreadsheet.

     • Salesforce.com: good for sales and dealflow
     • HubSpot: good for web marketing
     • Quickbooks, Excel: linked via xml app to data flow for
       instant financial / accounting updates and reports

     Departmental dashboards can enable weekly, daily, hourly or
     realtime trendspotting and fast course corrections.
        # BDVD                 # FutureM                        70
7 Quiz Questions for Better Data

5.   How can I empower everyone with
     on-demand insights?
     Create a Culture of measurement.

     • Maintain transparency to avoid surprises
     • Celebrate wins as they occur
     • Keep people properly motivated and on the same page
        Link rewards to the right performance measures

     All this makes it easier to work toward common, unified,
     clearly understood goals.

        # BDVD                 # FutureM                        71
7 Quiz Questions for Better Data

6.   Where to I start?
     Start at the top.

     •   Set a strong example for people to follow
     •   Publicize goals and keep your own progress visible
     •   Demonstrate commitment to attaining shared goals
     •   Pick the 5 most important goals and get the salient data

     Even if your targets were “off” at the outset, demonstrate
     success toward something, even if it’s just better intelligence.
     Pilot projects are learning labs.

         # BDVD                 # FutureM                           72
7 Quiz Questions for Better Data

7.   What should I do differently today?
     Continually question, re-evaluate and refine.

     •   External factors can affect progress toward goals at any time.
     •   External factors can affect goal setting at any time.
     •   External factors can affect goal selection at any time.
     •   Cultural factors can affect generation and use of data insights

     Determination is good, just keep it aimed productively.



         # BDVD                  # FutureM                          73
Public & Private
Sector Mashups




                   # FutureM   74
     # BDVD                    74
5 Public Sector Mashups

1. Hurricane Risk Calculator
   Houston, TX

   Source:
   • NWS + historic data

   Use:
   • Neighborhood-level risk prediction http://risk.rtsnets.com
   • Predict flood, wind & power
     outages
   • Aids go/no go evacuation decisions

      # BDVD                # FutureM                        75
5 Public Sector Mashups

2. Better Earthquake Detection
   Quake-Catcher Network, CA

   Source:
   • Laptop accelerometer data
                                         http://qcn.stanford.edu
   Use:
   Improve on seismographic data
   • More location specific
   • Vastly cheaper
   • Free (laptop drop protection)
   • Easy to install in desktop PCs

      # BDVD                 # FutureM                       76
5 Public Sector Mashups

3. Containing Diseases
   CDC, Atlanta, GA

   Source:
   • Google & Twitter search trends
                                        http://cdc.gov
   Use:
   • Speed disease detection
   • Enable response precision
   • Prevent & contain outbreaks
   • Eliminate SARS-like recurrences
   • Save lives
   • Support virality research
     # BDVD                 # FutureM                    77
5 Public Sector Mashups

4. Predictive Policing
   Mountain View, CA

   Sources / mashup:
   • Foreclosures, school schedules,
     past crimes, bus schedules,
     library visits, weather conditions

   Use:
   • Predict likely crime occurrences
   • Focus police intervention efforts


      # BDVD                 # FutureM    78
5 Public Sector Mashups

5. Homeland Security
   F.A.S.T Module, Washington, D.C.

    Sources:
    • Human suspect readings
    • Pulse, speech, CV, etc.
    • Bio, Interpol, other databases

    Use:
    • Predict malintent
    • Gather suspect intelligence


       # BDVD                # FutureM   79
Private / Commercial Mashups

1. Vine Whisperers
   Fruition Sciences, Napa, CA

    Sources:
    • Sensors implanted in vines
    • Weather and irrigation readings

    Use:
    • Upload sensor readings to cloud database
    • Conserve water and improve vineyard yields
    • Build expertise in irrigation and crop
      management

                            # FutureM              80
      # BDVD                                       80
The world is your mashup

User experience (UX) – web, mobile, social, print, POS, etc.

         Meta data – session info, device features

     Connectors, apps, processors, Cool Tools “plus”

            Mashup data – public, leased, licensed

 Proprietary data – customers, partners, inventory, assets




                            # FutureM                          81
   # BDVD                                                      81
Get real (time)




                  # FutureM   82
     # BDVD                   82
Real Time Direct Marketing Tools

"Sales for Service" app                                    Lead Nurturing
customer interaction data from call ctr & POS              Lead Scoring
tailors offers quickly upon purchase / conversion
improves cross / upsell programs and offer targeting
includes: offer repository, biz rules engine, contact
history DB, predictive analytics
Turns call center from a cost to a profit center           (Email marketing)
                                                           API to SFDC
                                                           consolidates response in CRM
(ID web visitors by IP)
slices by: biz size, vertical, industry, geo


(crowdsourced DBs)                                         Find people and companies
Techprospex (ID tech used by B2B company)                  customer analytics
Drills down by model, version                              improves & automates sales response
                                               # FutureM                                  83
            # BDVD                                                                        83
Real Time Direct Marketing Tools
            Persona
            triggers

            Lead Lists

            Email

            Customer
            Analytics

            BI /
            Prospect
            Intelligence
   # BDVD                  # FutureM   84
Q: Who owns it?
              Persona
              triggers

              Lead Lists
                                         Sales
              Email
Marketing
              Customer
              Analytics

              BI /
              Prospect
              Intelligence
                             # FutureM           85
     # BDVD                                      85
Q: Who owns it?
              Persona
              triggers

              Lead Lists
                                             Sales
              Email
Marketing
              Customer
              Analytics
                                         Example:
              BI /
              Prospect
              Intelligence
                             # FutureM               86
     # BDVD                                          86
A: It’s jointly owned


                                  Marketing          WWDDD ?
Call center
Catalog
Event                  Communities
Mobile                 Channels
POS                    CRM
                                   Storage,
Print                  Support
                                 Integration,
Social                 Service
                                   Access,
Web                                Privacy,
                                   Security

                       Sales                    IT




                                   # FutureM                   87
              # BDVD                                           87
A: It’s jointly owned

                     CMO
              Main input: customer




                      Storage,
                    Integration,
                      Access,
                      Privacy,
                      Security
                                  CIO
                         Main input: technology




                      # FutureM                   88
   # BDVD                                         88
A: It’s jointly owned

 • Partner with internal functions – Sales, Marketing, I.T.
    o Let business needs drive infrastructure decisions

 • What goals do they share?
   o Drive change and innovation
   o Manage and mitigate risk and opportunity
   o Develop competitive advantage (customer insight)




                           # FutureM                          89
    # BDVD                                                    89
Admit what you don’t know

 • Convenient sample sizes are not necessarily predictive

 • A small fraction of all data is digitized; most is unstructured

 • Data may reduce some biases, but creates others

 • Competitive advantage ideas:
    a) Generate data in new ways
    b) Gather data in new ways
    c) Combine data in ways nobody else has

 • Permit judgment to color your data interpretation

                            # FutureM                          90
    # BDVD                                                     90
Summary

• Overlay outside data on your own to gain new insights

• Engage Sales, I.T., support etc. for a 360 degree business view

• Invest in “Cool Tools” and silo-busting capability

• Benchmark your competitive space

• Solve your customer’s problems, and it will solve yours

• Make data quality everyone’s easy chore

• Acknowledge what you don’t know, and let judgment in
                          # FutureM                          91
   # BDVD                                                    91
Future Events and Resources




A DMA / NCDM Dec. 2012 Event
  # BDVD        # FutureM      92
References
TechAmerica Foundation

Putting Big Data and Advanced Analytics to Work (McKinsey)

The Logic behind Retailers’ Mercurial Pricing (HBR)

The Current State of Business Analytics: Where do We Go from Here?
(SAS / Bloomberg Business Week Research Services)

Top 16 Tools to Create Infographics

Tackling Multichannel Attribution (John Young, Epsilon)

Predictive Analytics World

Taming the Big Data Tidal Wave (Bill Franks, Teradata)

   # BDVD                      # FutureM                             93
Resources
Analysis and Data Visualization Tools




                 # FutureM              94
  # BDVD                                94
Thank you!


           .com




 +1 (781) 492-7638 (USA East)


          @fanfoundry

                                95

Mais conteúdo relacionado

Mais procurados

Living The Brand
Living The BrandLiving The Brand
Living The Brandcolortray
 
The Next Generation Of Information White Paper
The Next Generation Of Information White PaperThe Next Generation Of Information White Paper
The Next Generation Of Information White PaperLouis Fernandes
 
Moxie Software Webinar - The Knowledge Movement: Trends and Opportunities
Moxie Software Webinar - The Knowledge Movement: Trends and OpportunitiesMoxie Software Webinar - The Knowledge Movement: Trends and Opportunities
Moxie Software Webinar - The Knowledge Movement: Trends and OpportunitiesMoxie
 
Gen Xwhitepaper
Gen XwhitepaperGen Xwhitepaper
Gen Xwhitepaperjcline
 
Beyond the data buzzwords jonathan margulies
Beyond the data buzzwords   jonathan marguliesBeyond the data buzzwords   jonathan margulies
Beyond the data buzzwords jonathan marguliesAMDIA-Integra
 
The Consucracy for 2013
The Consucracy for 2013The Consucracy for 2013
The Consucracy for 2013Julien Charre
 
Gaba Presentation 2010
Gaba Presentation 2010Gaba Presentation 2010
Gaba Presentation 2010Cornelia Weiss
 
Digital User Experience Strategies: A Roadmap for the Post 2.0 World
Digital User Experience Strategies: A Roadmap for the Post 2.0 WorldDigital User Experience Strategies: A Roadmap for the Post 2.0 World
Digital User Experience Strategies: A Roadmap for the Post 2.0 WorldJeromeNadel
 
iStrategy Melbourne - Redefining Commerce in the Age of the Empowered Consume...
iStrategy Melbourne - Redefining Commerce in the Age of the Empowered Consume...iStrategy Melbourne - Redefining Commerce in the Age of the Empowered Consume...
iStrategy Melbourne - Redefining Commerce in the Age of the Empowered Consume...iStrategy
 
Adapt or Die: What It Means to Be The Marketer of The Future
Adapt or Die: What It Means to Be The Marketer of The FutureAdapt or Die: What It Means to Be The Marketer of The Future
Adapt or Die: What It Means to Be The Marketer of The FutureJason Heller
 
Smarter solutions for at Smarter Planet
Smarter solutions for at Smarter PlanetSmarter solutions for at Smarter Planet
Smarter solutions for at Smarter PlanetIBM Danmark
 
Information strategy white paper
Information strategy white paperInformation strategy white paper
Information strategy white paperPer Löfgren
 
Digital Voodoo and Alterian SM2
Digital Voodoo and Alterian SM2Digital Voodoo and Alterian SM2
Digital Voodoo and Alterian SM2Alterian
 
Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...
Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...
Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...NAFCU Services Corporation
 
Customer intelligence platform - Maximum Capabilities of Your Data
Customer intelligence platform - Maximum Capabilities of Your DataCustomer intelligence platform - Maximum Capabilities of Your Data
Customer intelligence platform - Maximum Capabilities of Your DataNaully Nicolas
 
Social Gaming Metrics
Social Gaming MetricsSocial Gaming Metrics
Social Gaming MetricsAnita Andrews
 
Face Research 3.0 WOMUK 251109
Face Research 3.0 WOMUK 251109Face Research 3.0 WOMUK 251109
Face Research 3.0 WOMUK 251109WOMMA UK
 

Mais procurados (20)

Living The Brand
Living The BrandLiving The Brand
Living The Brand
 
The Next Generation Of Information White Paper
The Next Generation Of Information White PaperThe Next Generation Of Information White Paper
The Next Generation Of Information White Paper
 
Moxie Software Webinar - The Knowledge Movement: Trends and Opportunities
Moxie Software Webinar - The Knowledge Movement: Trends and OpportunitiesMoxie Software Webinar - The Knowledge Movement: Trends and Opportunities
Moxie Software Webinar - The Knowledge Movement: Trends and Opportunities
 
Gen Xwhitepaper
Gen XwhitepaperGen Xwhitepaper
Gen Xwhitepaper
 
Beyond the data buzzwords jonathan margulies
Beyond the data buzzwords   jonathan marguliesBeyond the data buzzwords   jonathan margulies
Beyond the data buzzwords jonathan margulies
 
Diginnovia - Innovation in the Digital Age
Diginnovia - Innovation in the Digital AgeDiginnovia - Innovation in the Digital Age
Diginnovia - Innovation in the Digital Age
 
The Consucracy for 2013
The Consucracy for 2013The Consucracy for 2013
The Consucracy for 2013
 
Gaba Presentation 2010
Gaba Presentation 2010Gaba Presentation 2010
Gaba Presentation 2010
 
Digital User Experience Strategies: A Roadmap for the Post 2.0 World
Digital User Experience Strategies: A Roadmap for the Post 2.0 WorldDigital User Experience Strategies: A Roadmap for the Post 2.0 World
Digital User Experience Strategies: A Roadmap for the Post 2.0 World
 
iStrategy Melbourne - Redefining Commerce in the Age of the Empowered Consume...
iStrategy Melbourne - Redefining Commerce in the Age of the Empowered Consume...iStrategy Melbourne - Redefining Commerce in the Age of the Empowered Consume...
iStrategy Melbourne - Redefining Commerce in the Age of the Empowered Consume...
 
Adapt or Die: What It Means to Be The Marketer of The Future
Adapt or Die: What It Means to Be The Marketer of The FutureAdapt or Die: What It Means to Be The Marketer of The Future
Adapt or Die: What It Means to Be The Marketer of The Future
 
Smarter solutions for at Smarter Planet
Smarter solutions for at Smarter PlanetSmarter solutions for at Smarter Planet
Smarter solutions for at Smarter Planet
 
Jack in the Box Worldwide Credentials
Jack in the Box Worldwide CredentialsJack in the Box Worldwide Credentials
Jack in the Box Worldwide Credentials
 
Information strategy white paper
Information strategy white paperInformation strategy white paper
Information strategy white paper
 
Big Data RF
Big Data RFBig Data RF
Big Data RF
 
Digital Voodoo and Alterian SM2
Digital Voodoo and Alterian SM2Digital Voodoo and Alterian SM2
Digital Voodoo and Alterian SM2
 
Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...
Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...
Capitalizing on Market Changes to Grow Your Card Programs (Credit Union Confe...
 
Customer intelligence platform - Maximum Capabilities of Your Data
Customer intelligence platform - Maximum Capabilities of Your DataCustomer intelligence platform - Maximum Capabilities of Your Data
Customer intelligence platform - Maximum Capabilities of Your Data
 
Social Gaming Metrics
Social Gaming MetricsSocial Gaming Metrics
Social Gaming Metrics
 
Face Research 3.0 WOMUK 251109
Face Research 3.0 WOMUK 251109Face Research 3.0 WOMUK 251109
Face Research 3.0 WOMUK 251109
 

Semelhante a Be a Big Data Voodoo Daddy or Mama)

The Changing Nature of Campaign Management
The Changing Nature of Campaign ManagementThe Changing Nature of Campaign Management
The Changing Nature of Campaign ManagementClickSquared
 
Youngbloods - 50 Shades of Data
Youngbloods - 50 Shades of DataYoungbloods - 50 Shades of Data
Youngbloods - 50 Shades of DataGual Barwell
 
How to Enable Personalized Marketing Even Before 'Big Data'
How to Enable Personalized Marketing Even Before 'Big Data'How to Enable Personalized Marketing Even Before 'Big Data'
How to Enable Personalized Marketing Even Before 'Big Data'DocuStar
 
Will Bigger Data Mean Bigger Problems or Opportunities?
Will Bigger Data Mean Bigger Problems or Opportunities?Will Bigger Data Mean Bigger Problems or Opportunities?
Will Bigger Data Mean Bigger Problems or Opportunities?dunnhumby
 
March 20 digital signage tampa lyle bunn
March 20 digital signage tampa lyle bunnMarch 20 digital signage tampa lyle bunn
March 20 digital signage tampa lyle bunnabbyfavali
 
March 20 digital signage tampa lyle bunn
March 20 digital signage tampa lyle bunnMarch 20 digital signage tampa lyle bunn
March 20 digital signage tampa lyle bunnabbyfavali
 
Falcon.io | 2021 Trends Virtual Summit - Advertising
Falcon.io | 2021 Trends Virtual Summit - AdvertisingFalcon.io | 2021 Trends Virtual Summit - Advertising
Falcon.io | 2021 Trends Virtual Summit - AdvertisingFalcon.io
 
Marketing is dead: long live product marketing
Marketing is dead: long live product marketingMarketing is dead: long live product marketing
Marketing is dead: long live product marketingJohnny Russo
 
Winning The War Of Brand Relevance With Data Driven Storytelling
Winning The War Of Brand Relevance With Data Driven StorytellingWinning The War Of Brand Relevance With Data Driven Storytelling
Winning The War Of Brand Relevance With Data Driven StorytellingMichael Brito | Zeno Group
 
2017 q1 McKinsey quarterly - reinventing the core
2017 q1 McKinsey quarterly - reinventing the core2017 q1 McKinsey quarterly - reinventing the core
2017 q1 McKinsey quarterly - reinventing the coreAhmed Al Bilal
 
Are you busy or indispensible? Meaningful communications strategies in the di...
Are you busy or indispensible? Meaningful communications strategies in the di...Are you busy or indispensible? Meaningful communications strategies in the di...
Are you busy or indispensible? Meaningful communications strategies in the di...Lars Voedisch
 
Fallon Brainfood x VCU Brandcenter: The Engagement Opportunity
Fallon Brainfood x VCU Brandcenter: The Engagement OpportunityFallon Brainfood x VCU Brandcenter: The Engagement Opportunity
Fallon Brainfood x VCU Brandcenter: The Engagement OpportunityAki Spicer
 
Brands in the digital age - Google Squared
Brands in the digital age - Google SquaredBrands in the digital age - Google Squared
Brands in the digital age - Google SquaredAntony Mayfield
 
Hispanic Digital and Print Media Conference 2012 - Oscar Padilla
Hispanic Digital and Print Media Conference 2012 - Oscar PadillaHispanic Digital and Print Media Conference 2012 - Oscar Padilla
Hispanic Digital and Print Media Conference 2012 - Oscar PadillaPortada
 
Five building blocks of digital transformation
Five building blocks of digital transformation Five building blocks of digital transformation
Five building blocks of digital transformation Maziar Ebrahimi
 
Big Data in Asia
Big Data in AsiaBig Data in Asia
Big Data in AsiaTom Simpson
 
Abnamro wtt bob nieme advertisement
Abnamro wtt bob nieme advertisementAbnamro wtt bob nieme advertisement
Abnamro wtt bob nieme advertisementWTT Insights
 
Trends in Digital 2019
Trends in Digital 2019Trends in Digital 2019
Trends in Digital 2019Kalev Peekna
 

Semelhante a Be a Big Data Voodoo Daddy or Mama) (20)

Big data - challenge or opportunity
Big data - challenge or opportunityBig data - challenge or opportunity
Big data - challenge or opportunity
 
The Changing Nature of Campaign Management
The Changing Nature of Campaign ManagementThe Changing Nature of Campaign Management
The Changing Nature of Campaign Management
 
Youngbloods - 50 Shades of Data
Youngbloods - 50 Shades of DataYoungbloods - 50 Shades of Data
Youngbloods - 50 Shades of Data
 
How to Enable Personalized Marketing Even Before 'Big Data'
How to Enable Personalized Marketing Even Before 'Big Data'How to Enable Personalized Marketing Even Before 'Big Data'
How to Enable Personalized Marketing Even Before 'Big Data'
 
Will Bigger Data Mean Bigger Problems or Opportunities?
Will Bigger Data Mean Bigger Problems or Opportunities?Will Bigger Data Mean Bigger Problems or Opportunities?
Will Bigger Data Mean Bigger Problems or Opportunities?
 
March 20 digital signage tampa lyle bunn
March 20 digital signage tampa lyle bunnMarch 20 digital signage tampa lyle bunn
March 20 digital signage tampa lyle bunn
 
March 20 digital signage tampa lyle bunn
March 20 digital signage tampa lyle bunnMarch 20 digital signage tampa lyle bunn
March 20 digital signage tampa lyle bunn
 
Falcon.io | 2021 Trends Virtual Summit - Advertising
Falcon.io | 2021 Trends Virtual Summit - AdvertisingFalcon.io | 2021 Trends Virtual Summit - Advertising
Falcon.io | 2021 Trends Virtual Summit - Advertising
 
Marketing is dead: long live product marketing
Marketing is dead: long live product marketingMarketing is dead: long live product marketing
Marketing is dead: long live product marketing
 
Winning The War Of Brand Relevance With Data Driven Storytelling
Winning The War Of Brand Relevance With Data Driven StorytellingWinning The War Of Brand Relevance With Data Driven Storytelling
Winning The War Of Brand Relevance With Data Driven Storytelling
 
2017 q1 McKinsey quarterly - reinventing the core
2017 q1 McKinsey quarterly - reinventing the core2017 q1 McKinsey quarterly - reinventing the core
2017 q1 McKinsey quarterly - reinventing the core
 
Are you busy or indispensible? Meaningful communications strategies in the di...
Are you busy or indispensible? Meaningful communications strategies in the di...Are you busy or indispensible? Meaningful communications strategies in the di...
Are you busy or indispensible? Meaningful communications strategies in the di...
 
Fallon Brainfood x VCU Brandcenter: The Engagement Opportunity
Fallon Brainfood x VCU Brandcenter: The Engagement OpportunityFallon Brainfood x VCU Brandcenter: The Engagement Opportunity
Fallon Brainfood x VCU Brandcenter: The Engagement Opportunity
 
EACD Teresa Fernandes 2017
EACD Teresa Fernandes 2017EACD Teresa Fernandes 2017
EACD Teresa Fernandes 2017
 
Brands in the digital age - Google Squared
Brands in the digital age - Google SquaredBrands in the digital age - Google Squared
Brands in the digital age - Google Squared
 
Hispanic Digital and Print Media Conference 2012 - Oscar Padilla
Hispanic Digital and Print Media Conference 2012 - Oscar PadillaHispanic Digital and Print Media Conference 2012 - Oscar Padilla
Hispanic Digital and Print Media Conference 2012 - Oscar Padilla
 
Five building blocks of digital transformation
Five building blocks of digital transformation Five building blocks of digital transformation
Five building blocks of digital transformation
 
Big Data in Asia
Big Data in AsiaBig Data in Asia
Big Data in Asia
 
Abnamro wtt bob nieme advertisement
Abnamro wtt bob nieme advertisementAbnamro wtt bob nieme advertisement
Abnamro wtt bob nieme advertisement
 
Trends in Digital 2019
Trends in Digital 2019Trends in Digital 2019
Trends in Digital 2019
 

Mais de Fan Foundry

Salem state University Alumni Assn Nov 2017 Speaker Training
Salem state University Alumni Assn Nov 2017 Speaker Training Salem state University Alumni Assn Nov 2017 Speaker Training
Salem state University Alumni Assn Nov 2017 Speaker Training Fan Foundry
 
SEO Tactics, Fanbase Management, and Trends to watch
SEO Tactics, Fanbase Management, and Trends to watchSEO Tactics, Fanbase Management, and Trends to watch
SEO Tactics, Fanbase Management, and Trends to watchFan Foundry
 
Search Engine Results: The Best Measure?
Search Engine Results: The Best Measure? Search Engine Results: The Best Measure?
Search Engine Results: The Best Measure? Fan Foundry
 
4 26-17 n shore techonomy update
4 26-17 n shore techonomy update4 26-17 n shore techonomy update
4 26-17 n shore techonomy updateFan Foundry
 
Fan foundry engagement options
Fan foundry engagement optionsFan foundry engagement options
Fan foundry engagement optionsFan Foundry
 
Linked in means business - a free downloadable playbook
Linked in means business -  a free downloadable playbookLinked in means business -  a free downloadable playbook
Linked in means business - a free downloadable playbookFan Foundry
 
2014 nstc stem outing slide show
2014 nstc stem outing slide show2014 nstc stem outing slide show
2014 nstc stem outing slide showFan Foundry
 
Sales & Marketing Development Plan - a template for the CRO
Sales & Marketing Development Plan - a template for the CROSales & Marketing Development Plan - a template for the CRO
Sales & Marketing Development Plan - a template for the CROFan Foundry
 
Social Business Intelligence
Social Business IntelligenceSocial Business Intelligence
Social Business IntelligenceFan Foundry
 
Trends with Benefits - Social Media Update 2012
Trends with Benefits  - Social Media Update 2012Trends with Benefits  - Social Media Update 2012
Trends with Benefits - Social Media Update 2012Fan Foundry
 
Make sustainability sustainable (preview)
Make sustainability sustainable (preview)Make sustainability sustainable (preview)
Make sustainability sustainable (preview)Fan Foundry
 
Content Contentment
Content ContentmentContent Contentment
Content ContentmentFan Foundry
 
Are You A Fan Foundry
Are You A Fan FoundryAre You A Fan Foundry
Are You A Fan FoundryFan Foundry
 

Mais de Fan Foundry (14)

Salem state University Alumni Assn Nov 2017 Speaker Training
Salem state University Alumni Assn Nov 2017 Speaker Training Salem state University Alumni Assn Nov 2017 Speaker Training
Salem state University Alumni Assn Nov 2017 Speaker Training
 
SEO Tactics, Fanbase Management, and Trends to watch
SEO Tactics, Fanbase Management, and Trends to watchSEO Tactics, Fanbase Management, and Trends to watch
SEO Tactics, Fanbase Management, and Trends to watch
 
Search Engine Results: The Best Measure?
Search Engine Results: The Best Measure? Search Engine Results: The Best Measure?
Search Engine Results: The Best Measure?
 
4 26-17 n shore techonomy update
4 26-17 n shore techonomy update4 26-17 n shore techonomy update
4 26-17 n shore techonomy update
 
Fan foundry engagement options
Fan foundry engagement optionsFan foundry engagement options
Fan foundry engagement options
 
Linked in means business - a free downloadable playbook
Linked in means business -  a free downloadable playbookLinked in means business -  a free downloadable playbook
Linked in means business - a free downloadable playbook
 
CRM and ROI
CRM and ROICRM and ROI
CRM and ROI
 
2014 nstc stem outing slide show
2014 nstc stem outing slide show2014 nstc stem outing slide show
2014 nstc stem outing slide show
 
Sales & Marketing Development Plan - a template for the CRO
Sales & Marketing Development Plan - a template for the CROSales & Marketing Development Plan - a template for the CRO
Sales & Marketing Development Plan - a template for the CRO
 
Social Business Intelligence
Social Business IntelligenceSocial Business Intelligence
Social Business Intelligence
 
Trends with Benefits - Social Media Update 2012
Trends with Benefits  - Social Media Update 2012Trends with Benefits  - Social Media Update 2012
Trends with Benefits - Social Media Update 2012
 
Make sustainability sustainable (preview)
Make sustainability sustainable (preview)Make sustainability sustainable (preview)
Make sustainability sustainable (preview)
 
Content Contentment
Content ContentmentContent Contentment
Content Contentment
 
Are You A Fan Foundry
Are You A Fan FoundryAre You A Fan Foundry
Are You A Fan Foundry
 

Be a Big Data Voodoo Daddy or Mama)

  • 1. Be a Agenda / Menu 1
  • 2. Be a Big Data Voodoo Daddy Agenda / Menu # BDVD # FutureM 2
  • 3. Be a Big Data Voodoo Daddy (or mama) Agenda / Menu # FutureM 3 # BDVD 3
  • 4. # BDVD Ed Alexaner Ed Alexander, Managing Consultant @fanfoundry Agenda / Menu # BDVD # FutureM 4
  • 5. Agenda / Menu ( = link button ) What is it? News and Views Cultural and consumer trends Corporate Trends Technology Landscape (the Cool Tool Pool) Demo Time A Test Methodology (BADIR) Use Cases Ways to test your own data Get Better Data (7 Quiz Questions) Public & Private Sector Data Mashups Get Real (time) Summary, Future Events, Resources # BDVD # FutureM 5
  • 6. Defining “big data” – the four V’s: # BDVD # FutureM 6
  • 8. If ( ) Data Could Talk… # BDVD # FutureM 8
  • 9. Challenges – tooling up to: • Capture, combine and curate • Store, search and share • Analyze and visualize # FutureM 9 # BDVD 9
  • 10. Cross-channel marketing challenges 35% - Managing campaign execution across multiple channels 33% - Understanding customer interactions across channels 25% - Controlling marketing budgets that depend on IT collaboration Source: “ The Key to Successful Cross-channel Marketing”, an Oct. 2012 Forrester / ExactTarget survey of 211 US marketers # FutureM 10 # BDVD 10
  • 11. Opportunities • Internet search • Business informatics • Medical research • Genomics • Astronomy • Aviation • Meteorology • Finance # FutureM 11 # BDVD 11
  • 12. Sources – 2 new quintillion bytes / day • Sensors • Mobile devices • Cameras • Microphones • Social graph – UGC # FutureM 12 # BDVD 12
  • 13. The news, in general… The worst economic crash in 75 years A world economy with no place to hide “Always on” connectivity Widespread distrust of business Activist shareholders and special interest groups How does it impact your marketing agenda? # BDVD # FutureM 13
  • 14. Big Data in the news… # BDVD # FutureM 14
  • 15. What next? (kidding!) # BDVD # FutureM 15
  • 16. What next? (kidding!) Special Big Data Issue # FutureM 16 # BDVD 16
  • 17. What next? Not kidding! Sunday magazine article - upshot: • It’s about big data, not Wal-mart • The customer has all the power Example: Kroger (coupon response) • 70% of targeted • 3.4% of mass mailed Analysts & Techs Quoted: • Kantar Retail • Symphony IRI Group • Catalina Marketing Modiv Media’s “Scanit!” device • 89 Degrees # FutureM 17 # BDVD 17
  • 18. The corporate view: big data in marketing Emerging stages – some business sectors have gone mainstream; Marketing is tooling catching up Mainly departmental - not much data integration or sharing Intuition based on business experience is still a driver; data analytics plays a supporting role Data challenges persist: accuracy, consistency, access, realtime Talent shortage - challenges business to apply results Culture’s role: orgs with a “culture of measurement “ succeed # BDVD # FutureM 18
  • 19. The corporate view: big data in marketing Bloomberg Business Week Research Services # FutureM 19 # BDVD 19
  • 20. The corporate view: big data in marketing Bloomberg Business Week Research Services # FutureM 20 # BDVD 20
  • 21. The corporate view: big data in marketing 1. CXOs now paying attention. Why? • Compete – lead up, catch up, patch up PR • Add Predictive Intelligence – detect, adapt, seize opportunity • Optimize - avoid leaving money on the table 2. Elusive answers are suddenly more attainable everywhere Operations, Sales, Marketing, Customer Care, R&D, etc. 3. Transformation can now be justified with data + judgment • Managers are now analysts who produce & consume data • Managers leverage business savvy to interpret and act on data 4. Priorities can be tuned • Identify top few “needle mover” opportunities and focus on them • Decision support can gain visibility based on proven results 21 # BDVD # FutureM 21
  • 22. Cultural trend: Data-driven, custom communication # BDVD # FutureM 22
  • 23. Cultural trend: Data-driven, custom communication 1992: sad :( PointCast Intrusive In your face Off-target Poor quality # BDVD # FutureM 23
  • 24. Cultural trend: Data-driven, custom communication 1992: sad :( 2002: mad ): PointCast “Push sux” Intrusive Subversive In your face Intrusive Off-target Spooky Poor quality Invasive # BDVD # FutureM 24
  • 25. Cultural trend: Data-driven, custom communication 1992: sad :( 2002: mad ): 2012: rad! :) PointCast “Push sux” I want my MDV Intrusive Subversive Welcome In your face Intrusive Expected Off-target Spooky Preferred Poor quality Invasive …but secured? *MDV: Massive Data Visualization # BDVD # FutureM 25
  • 26. The new consumer demand: “I want my MDV”: We’re always on, and doing it now - • Showrooming • Facebooking • GPS navving • Socializing – Foursquare, Twitter, Instagram, etc. • Shopping & Banking • Customer care • Audience & Community building • World blending (ex: QR, text, POS, Call Center # BDVD # FutureM 26
  • 27. The new consumer demand: “I want my MDV”: Millenials are Digital Natives – mobile, social and always on They blur the lines between the digital and physical world They are less concerned about what’s going on with their data * By 2020, they will account for 50% + of retail spending Post-millenials are growing up digital * They seek trust, transparency and authenticity # FutureM 27 # BDVD 27
  • 28. Corporate Trends # BDVD # FutureM 28
  • 29. Big Data's Shifting Focus: Transaction > Engagement Personal Systems Analog Transaction Engagement Experiential Fulfillment Circa Pre-1950's 1950+ 2000+ 2005+ 2010+ Reliability & Continuous Sense and Agility and Intention Design Point stability improvement response flexibility driven Challenge Human Computing Social Contextual Individual Comm. Style Analog Systems Dictatorial Conversational Role tailored Personalized Multi-channel, Bionic, Social-led, UX Physical Machine based real time portable omni-media Time / space Speed Governed Just in time Real time Right time continuum Corporate & Personal, Reach Physical Corporate Value chains Internet one to one Information & structured Immersive Self-aware, Word of mouth Knowledge flows Knowledge records & data information embedded Social Tangentially Fundamentally Pervasively Ubiquitously Water cooler orientation social social social social Intelligence Human based Hard coded Business rules Predictive Pattern based Loyalty, Social Community & Examples assembly line Payroll, ERP, CRM reward, games, relationship social business context management Source: R Wang & Insider Associates, LLC. # FutureM 29 # BDVD 29
  • 30. # BDVD # FutureM 30
  • 31. # FutureM 31 # BDVD 31
  • 32. Gartner: 72% have a “CMTO” today # BDVD # FutureM 32
  • 34. ( What, no real time? ) 72% http://www.emarketer.com/Article.aspx?R=1008909 # BDVD # FutureM 34
  • 35. Technology Landscape (Cool Tool Pool) DAM SEO Email Testing & Search & PPC ads Marketing Optimization VIdeo Landing Site add-ins Web sites Pages Marketing E-commerce SM Ads Automation Webinars Targeting Display ads CRM Community Personalization SM marketing Call center B2B Data Multi-channel Gamification Analytics Mobile Databases Design Creative Chat Big Data Events Video ads Datasets PR APIs Surveys Collaboration Cloud Business Customer Loyalty Intelligence Experience Location Agile # BDVD # FutureM 35
  • 36. Technology Landscape (Cool Tool Pool) # BDVD # FutureM 36
  • 37. Stretch Goals for Cool Tools 1. Rapid time to value - always on, omni-channel, user chummy for staff and customers 2. Point and click customization - user-driven, brain dead simple 3. 360 degree customer view – every salient data source linked, integrated and secure 4. Real time visibility - instant refresh for all customer-facing and decision making (tactical) occasions 5. Clean data - easy for all users to maintain, inspect and fix 6. High adoption - self-training, guided navigation, less clutter 7. Extended success – new capabilities & advantages 8. Broad community - best / better practice sharing – each one teach one # FutureM 37 # BDVD 37
  • 38. The payoff: central data + cool tools Strategic Goals 1. Boost productivity and efficiency • Centrally accessible, multichannel marketing data • Serves across addressable marketing channels • Easier to find and act on than data trapped in silos. 2. Reduce costs, improve marketing productivity Centralized multi-channel marketing data: • Improves ability to target and glean subscriber intelligence • Improves efficiency of data intelligence tasks • Improves organizational alignment 3. Enhance customer segmentation and personalization • Consistent view into multichannel customer data • Improve segmentation, 1:1 personalization, relevance # FutureM 38 # BDVD 38
  • 39. The payoff: central data + cool tools Tactical goals • Campaign analytics and testing • Optimization, Acquisition, Lead Generation • Predictive Modeling – what is your killer niche? • Segmentation / Personae – who acts how? • Attribution precision – across channels, online and offline • Valuation of social media • Design testing (multivariate testing) • Websites • Emails • Offers • Messages # BDVD # FutureM 39
  • 40. It’s Demo Time! # BDVD # FutureM 40
  • 41. Framing the Discussion (Surprise!) It’s not about data & dashboards, it’s about culture & context. Ask: how can data help solve problems and guide decisions? 1. Decide which challenges you’d like to address. Examples: reducing customer churn ● improving sales reducing inventory cost ● improving upsell / cross sell improving service ● improving user experience 2. Develop a use case – customers, partners, departments, staff 3. Run a pilot project – involve those end-users 4. Invest in ways that will help meet your challenges. # BDVD # FutureM 41
  • 42. A Test Methodology: BADIR Business Analysis Data Insights Recommend Question Plan Collection Solutions # BDVD # FutureM 42
  • 43. A Test Methodology: BADIR Business Analysis Data Insights Recommend Question Plan Collection Solutions Sidebar: Use BADIR not only to test and report on data, but to vet those Cool Tools. Ask: Does that “cool tool” help break down silos? Does it support integration of processes and data? Okay, moving on… # FutureM 43 # BDVD 43
  • 44. A Test Methodology: BADIR Business Analysis Data Insights Recommend Question Plan Collection Solutions Vague: Hypothesis: Specific: Choices: How do your How should I What business Only collect The right findings answer improve my beliefs will we the data you methodologies the business marketing test, and how? need and techniques question? spend? Specific: How can I identify underserved customers? # BDVD # FutureM 44
  • 45. Case Study #1: Business Analysis Data Insights Recommend Question Plan Collection Solutions Vague: Hypothesis: Specific: Choices: How do your How should I What business Only collect The right findings answer improve my beliefs will we the data you methodologies the business marketing test, and how? need and techniques question? spend? Specific: How can I identify underserved customers? # BDVD # FutureM 45
  • 46. Case Study #1: Business Analysis Data Insights Recommend Question Plan Collection Solutions Vague: Hypothesis: Specific: Choices: How do your How should I What business Only collect The right findings answer improve my beliefs will we the data you methodologies the business ticket sales? test, and how? need and techniques question? Specific: How can I identify productive ticket sales initiatives? # BDVD # FutureM 46
  • 47. Case Study #1: Business Analysis Data Insights Recommend Question Plan Collection Solutions Vague: Hypothesis: Specific: Choices: How do your How should I What business Only collect The right findings answer improve my beliefs will we the data you methodologies the business ticket sales? test, and how? need and techniques question? Specific: Hypotheses: How can I 1. Will an early bird discount sell tickets? identify 2. Will a promo code help sell tickets? productive 3. Will a promo code stimulate referrals who buy? ticket sales 4. Will people still buy at full price? initiatives? Let’s analyze current data # BDVD # FutureM 47
  • 48. Case Study #1: Business Analysis Data Insights Recommend Question Plan Collection Solutions Vague: Hypothesis: Specific: Choices: How do your How should I What business Only collect The right findings answer improve my beliefs will we the data you methodologies the business ticket sales? test, and how? need and techniques question? Specific: Hypotheses: QTY PCT How can I 1. Will an early bird discount sell tickets? . . . . . . . . . 231 28% identify 2. Will a promo code help sell tickets? . . . . . . . . . . . 149 19% productive 3. Will a promo code stimulate referrals who buy? 262 32% ticket sales 4. Will people still buy at full price?. . . . . . . . . . . . . . 168 21% initiatives? 810 # BDVD # FutureM 48
  • 49. Case Study #1: Data Insights Collection QTY PCT 231 28% 149 19% 262 32% 168 21% 810 # FutureM 49 # BDVD 49
  • 50. Case Study #1: Data Insights Collection QTY PCT 231 28% 149 19% 262 32% 168 21% 810 # BDVD # FutureM 50
  • 51. Case Study #1: Data Insights Collection QTY PCT 231 28% 149 19% 262 32% 168 21% Community 810 # FutureM 51 # BDVD 51
  • 52. Case Study #1: Business Analysis Data Insights Recommend Question Plan Collection Solutions Vague: How do your How should I findings answer improve my the business ticket sales? question? Specific: QTY PCT How can I 231 28% identify 149 19% productive 262 32% ticket sales 168 21% initiatives? Community 810 # FutureM 52 # BDVD 52
  • 53. Case Study #1: Business Analysis Data Insights Recommend Question Plan Collection Solutions Next up: Multichannel attribution Behavioral Scoring Hypotheses: QTY PCT Social Sharing 1. Will an early bird discount sell tickets? . . . . . . . . . 231 28% impact 2. Will a promo code help sell tickets? . . . . . . . . . . . 149 19% 3. Will a promo code stimulate referrals who buy? 262 32% Geo/Pop/Wealth 4. Will people still buy at full price?. . . . . . . . . . . . . . 168 21% 810 # FutureM 53 # BDVD 53
  • 54. Case Study #1: Business Analysis Data Insights Recommend Question Plan Collection Solutions Next up: Multichannel attribution Behavioral Scoring Social Sharing impact Geo/Pop/Wealth # FutureM 54 # BDVD 54
  • 55. Case Study #1: Business Question Next up: Multichannel attribution Behavioral Scoring Social Sharing impact Geo/Pop/Wealth # FutureM 55 # BDVD 55
  • 56. Case Study #2: Catalog Retailers (national brands) # BDVD # FutureM 56
  • 57. A Marketing Optimization Map PLANNING OPTIMIZATION WEB SERVICES ENGAGEMENT MORE M Analytics Optimization Response Internal C A Dashboards Management O R External N K S Reporting Request E Chat U Management T M Web E E Offer Consumer R Offer Portal Catalog Data R Messaging + Data Catalogs Adapters + Demos & Lifestyle + Life-Stage CUSTOMER ECOMMERCE + Purchase Behaviors DW SYSTEMS + Security & Preferences AND POS Enhancement Client Systems Data # BDVD # FutureM 57
  • 58. Testing your data # BDVD # FutureM 58
  • 59. Ways to test your own data Multivariate Testing - testing more than one element of an offer, website, email etc. in a live environment. Multiple A/B tests. Grail quest: optimize content across channels and contacts Content Contacts Channels Limits: • Time – to obtain statistically valid samples • Complexity – although tooling helps greatly • Computing power – although Cloud apps / hosting helps # BDVD # FutureM 59
  • 60. Where to test? Online is easiest (but offline can be tested, too) Email: • Open, click & convert rates Website: • Landing page conversions • User registration pages • E-commerce checkout processes Offline: POS, Call Center, Catalog, Brochure, Signage, Layout # BDVD # FutureM 60
  • 61. What to test? Effect or response to changes in Physical Appearance Elements • Copy • Layout • Images • Colors (backgrounds, etc.) Effect or response to changes in Content Elements • Price points • Purchase incentives • Premiums • Trial periods # BDVD # FutureM 61
  • 62. Testing’s biggest challenge: Complexity – it happens quickly! Example: To test 3 different images in 3 different locations, you need to test how many possible combinations? a) 9 b) 18 c) 27 # BDVD # FutureM 62
  • 63. Testing’s biggest challenge: Complexity – it happens quickly! Example: To test 3 different images in 3 different locations, you need to test how many possible combinations? a) 9 b) 18 c) 27 # BDVD # FutureM 63
  • 64. Test tools Browser side (page tagging) Examples (visit www.whichmvt.com for more) : Server Side (DNS proxy, or hosted in your data center) Examples: # BDVD # FutureM 64
  • 65. Test methods Discrete Choice / Choice Modeling (complex) Vary the attributes or content elements Quantify impact of combinations on outcomes Discover interaction effects Optimal Design Iterations and waves of testing Consider relationships, interactions, constraints across elements Taguchi Methods Reduce variations yet obtain statistically valid test results # BDVD # FutureM 65
  • 66. Get better data # FutureM 66 # BDVD 66
  • 67. 7 Quiz Questions for Better Data 1. What data should I have? Look at your core mission, values, vision, strategy • What 5 things will impact the business in the coming year? o Ex: Will weather patterns affect L. L. Bean’s winter sales? • What are revenue drivers – quarterly, annually, channelwise? o Can new big data sources yield competitive advantage? • What are the “subjective” success criteria? Sales? CRV? Lift? Decide what matters, and set objectives from that. # BDVD # FutureM 67
  • 68. 7 Quiz Questions for Better Data 2. What metrics should I have? • Define Measurable goals - R&D, Marketing, Support, Sales, Ops, Finance, Engineering, HR etc. • Determine the right metrics. • Make certain you have the tools to measure them. # BDVD # FutureM 68
  • 69. 7 Quiz Questions for Better Data 3. What stands in the way? Get clarity and agreement on how to measure goal attainment. Example: “Better customer service” is a bit too nebulous • Metrics with inaccurate or incomplete data • Metrics that are complex or difficult to explain • Metrics that complicate operations or create excessive overhead • Metrics that cause people to act at cross purposes with the firm. An outsider should be able to audit if objectives were met. # BDVD # FutureM 69
  • 70. 7 Quiz Questions for Better Data 4. How can I get data and measurements on demand? SaaS apps can help you connect dataflow to analysis. Just beware the locked spreadsheet. • Salesforce.com: good for sales and dealflow • HubSpot: good for web marketing • Quickbooks, Excel: linked via xml app to data flow for instant financial / accounting updates and reports Departmental dashboards can enable weekly, daily, hourly or realtime trendspotting and fast course corrections. # BDVD # FutureM 70
  • 71. 7 Quiz Questions for Better Data 5. How can I empower everyone with on-demand insights? Create a Culture of measurement. • Maintain transparency to avoid surprises • Celebrate wins as they occur • Keep people properly motivated and on the same page Link rewards to the right performance measures All this makes it easier to work toward common, unified, clearly understood goals. # BDVD # FutureM 71
  • 72. 7 Quiz Questions for Better Data 6. Where to I start? Start at the top. • Set a strong example for people to follow • Publicize goals and keep your own progress visible • Demonstrate commitment to attaining shared goals • Pick the 5 most important goals and get the salient data Even if your targets were “off” at the outset, demonstrate success toward something, even if it’s just better intelligence. Pilot projects are learning labs. # BDVD # FutureM 72
  • 73. 7 Quiz Questions for Better Data 7. What should I do differently today? Continually question, re-evaluate and refine. • External factors can affect progress toward goals at any time. • External factors can affect goal setting at any time. • External factors can affect goal selection at any time. • Cultural factors can affect generation and use of data insights Determination is good, just keep it aimed productively. # BDVD # FutureM 73
  • 74. Public & Private Sector Mashups # FutureM 74 # BDVD 74
  • 75. 5 Public Sector Mashups 1. Hurricane Risk Calculator Houston, TX Source: • NWS + historic data Use: • Neighborhood-level risk prediction http://risk.rtsnets.com • Predict flood, wind & power outages • Aids go/no go evacuation decisions # BDVD # FutureM 75
  • 76. 5 Public Sector Mashups 2. Better Earthquake Detection Quake-Catcher Network, CA Source: • Laptop accelerometer data http://qcn.stanford.edu Use: Improve on seismographic data • More location specific • Vastly cheaper • Free (laptop drop protection) • Easy to install in desktop PCs # BDVD # FutureM 76
  • 77. 5 Public Sector Mashups 3. Containing Diseases CDC, Atlanta, GA Source: • Google & Twitter search trends http://cdc.gov Use: • Speed disease detection • Enable response precision • Prevent & contain outbreaks • Eliminate SARS-like recurrences • Save lives • Support virality research # BDVD # FutureM 77
  • 78. 5 Public Sector Mashups 4. Predictive Policing Mountain View, CA Sources / mashup: • Foreclosures, school schedules, past crimes, bus schedules, library visits, weather conditions Use: • Predict likely crime occurrences • Focus police intervention efforts # BDVD # FutureM 78
  • 79. 5 Public Sector Mashups 5. Homeland Security F.A.S.T Module, Washington, D.C. Sources: • Human suspect readings • Pulse, speech, CV, etc. • Bio, Interpol, other databases Use: • Predict malintent • Gather suspect intelligence # BDVD # FutureM 79
  • 80. Private / Commercial Mashups 1. Vine Whisperers Fruition Sciences, Napa, CA Sources: • Sensors implanted in vines • Weather and irrigation readings Use: • Upload sensor readings to cloud database • Conserve water and improve vineyard yields • Build expertise in irrigation and crop management # FutureM 80 # BDVD 80
  • 81. The world is your mashup User experience (UX) – web, mobile, social, print, POS, etc. Meta data – session info, device features Connectors, apps, processors, Cool Tools “plus” Mashup data – public, leased, licensed Proprietary data – customers, partners, inventory, assets # FutureM 81 # BDVD 81
  • 82. Get real (time) # FutureM 82 # BDVD 82
  • 83. Real Time Direct Marketing Tools "Sales for Service" app Lead Nurturing customer interaction data from call ctr & POS Lead Scoring tailors offers quickly upon purchase / conversion improves cross / upsell programs and offer targeting includes: offer repository, biz rules engine, contact history DB, predictive analytics Turns call center from a cost to a profit center (Email marketing) API to SFDC consolidates response in CRM (ID web visitors by IP) slices by: biz size, vertical, industry, geo (crowdsourced DBs) Find people and companies Techprospex (ID tech used by B2B company) customer analytics Drills down by model, version improves & automates sales response # FutureM 83 # BDVD 83
  • 84. Real Time Direct Marketing Tools Persona triggers Lead Lists Email Customer Analytics BI / Prospect Intelligence # BDVD # FutureM 84
  • 85. Q: Who owns it? Persona triggers Lead Lists Sales Email Marketing Customer Analytics BI / Prospect Intelligence # FutureM 85 # BDVD 85
  • 86. Q: Who owns it? Persona triggers Lead Lists Sales Email Marketing Customer Analytics Example: BI / Prospect Intelligence # FutureM 86 # BDVD 86
  • 87. A: It’s jointly owned Marketing WWDDD ? Call center Catalog Event Communities Mobile Channels POS CRM Storage, Print Support Integration, Social Service Access, Web Privacy, Security Sales IT # FutureM 87 # BDVD 87
  • 88. A: It’s jointly owned CMO Main input: customer Storage, Integration, Access, Privacy, Security CIO Main input: technology # FutureM 88 # BDVD 88
  • 89. A: It’s jointly owned • Partner with internal functions – Sales, Marketing, I.T. o Let business needs drive infrastructure decisions • What goals do they share? o Drive change and innovation o Manage and mitigate risk and opportunity o Develop competitive advantage (customer insight) # FutureM 89 # BDVD 89
  • 90. Admit what you don’t know • Convenient sample sizes are not necessarily predictive • A small fraction of all data is digitized; most is unstructured • Data may reduce some biases, but creates others • Competitive advantage ideas: a) Generate data in new ways b) Gather data in new ways c) Combine data in ways nobody else has • Permit judgment to color your data interpretation # FutureM 90 # BDVD 90
  • 91. Summary • Overlay outside data on your own to gain new insights • Engage Sales, I.T., support etc. for a 360 degree business view • Invest in “Cool Tools” and silo-busting capability • Benchmark your competitive space • Solve your customer’s problems, and it will solve yours • Make data quality everyone’s easy chore • Acknowledge what you don’t know, and let judgment in # FutureM 91 # BDVD 91
  • 92. Future Events and Resources A DMA / NCDM Dec. 2012 Event # BDVD # FutureM 92
  • 93. References TechAmerica Foundation Putting Big Data and Advanced Analytics to Work (McKinsey) The Logic behind Retailers’ Mercurial Pricing (HBR) The Current State of Business Analytics: Where do We Go from Here? (SAS / Bloomberg Business Week Research Services) Top 16 Tools to Create Infographics Tackling Multichannel Attribution (John Young, Epsilon) Predictive Analytics World Taming the Big Data Tidal Wave (Bill Franks, Teradata) # BDVD # FutureM 93
  • 94. Resources Analysis and Data Visualization Tools # FutureM 94 # BDVD 94
  • 95. Thank you! .com +1 (781) 492-7638 (USA East) @fanfoundry 95

Notas do Editor

  1. News: what’s happening in the world Cultural and consumer trends: each datapoint represents a person’s attitudes Corporate trends: what are world events, cultural and consumer trends doing to marketers’ agendas? Tool Pool – a thematic map of the tech players diving into the marketing tech spaceDemos – 1: small data; 2: larger data Test methodology – Under the dashboard, what’s going on? What do analysts do? Use cases – 1: small data; 2: larger data Ways to test your own data: a few analyst tools 7 Quiz Questions – Basics about data quality 5 Public sector use cases – big data put to practical use Future events, resources – for people following the topic; resources cited in this presentation. This preso is available as a clickable .pdf so you can dive into any topic discussed here. Let’s look at the news.
  2. Next we will look at corporate news affecting big data in marketing
  3. But there is hope. It’s now front and center. I subscribe to a dozen periodicals, and every single one of them has a headline each week on the subject of Big Data. The Boston Sunday Globe has a “Globe Magazine” which is usually filled with puff pieces. Society events, dating advice, beautiful homes, oh…and big data. Oct 14 cover article is about retail grocery chains analyzing consumer behavior to refine their niche and better target their customers. What’s next: Tiger Beat? People Magazine? Or…..
  4. Emerging stages - Big data has actually been a topic in larger enterprises for some time. It’s just moving down market, as we create more and more data that’s useful to organizations of all sizes. Mainly departmental – many of the tools you’ll see discussed here are, relatively speaking, silo solutions, and many address the online datastream but not how to combine it with offline data from POS, mail, retail receipts, and other behaviors not manifested in the digital sphere. Intuition – experience based judgment – you need human circuit breakers to avoid running off the rails. We still encounter executives who decide that since an email campaign worked well today, we should send one again tomorrow - not considering inbox fatigue. Data challenges – quality data is everyone’s biggest challenge. Do you trust the data under your dashboard? Is that colorful meter’s needle pointing in the right direction? If not, and it’s discovered too late, your exec team loses trust in the dashboard, and then where are you? Talent shortage – time and again, the Forrester and IDG surveys show CMO saying they are understaffed, or the people with the right skills are scarce.
  5. Twenty year span of changing attitudes. Anybody born after 1980 doesn’t have the benefit of this hindsight.
  6. Millenials are concerned about security of account information, but they balance that concern with optimism that we’ll use this new power only to do good. The trust we’ll tailor the buying experience to the preferences they’ve been telegraphing in their digital behavior. And plenty of shining, aspirational examples exist. How did the world find out about the raid on Bin Laden’s compound? How did the neighboring countries of North Africa unite in revolt (Arab Spring)? Four years ago I struck a Faustian bargain with an event management company (GSMI). At the time, I was DirMktg for CuraSoftare, a Risk Mgt SW co. I helped emigrate from S. Africa to exploit the US market, where most of their target market is headquartered (Delaware). I / we had build such an audience in under a year based on our thought leading webinars in which we highlighted some breakthrough thinking on the subject of risk management, the foundation for our product framework, that we had an entire industry following us. We found that we were the ones putting the cheeks in the seats for GSMI’s entire risk mgt conference. Wait, it’s our audience, why pay to be a Sponsor?
  7. Now that we’ve look at consumer trends in attitudes about Big Data, Let’s look at some Corporate trends
  8. Some of these tools are better than others for how well, how reliably they help you solve business problems. Shortly we’ll look at a basic methodology you can apply directly to data – with or without one of these tools layered on top – to determine how well you are solving a business question.
  9. Whether you are looking directly at the data, or laying a Cool Tool from the Pool on top of a set of data, you still have to follow some sort of methodology. In fact, I suggest when you evaluate any candidate from the Cool Tool Pool, that you use this data analysis methodology and ask how well it follows the methodology. If you can clearly understand how well it does this, you will then be able to determine how much time it will save, how much faster it will get you a reliable answer, and ultimately the ROI case you can build for adopting that cool tool.