How do you convert data into insight and then use that to drive business impact. Here are some lessons from my experience in HDFC bank and also as an entrepreneur at Cequity
20. Technology can spot Event triggers…. “ Let me find a group of people to talk about it. ” “ I have an offer …” offer Traditional Campaign Management Source: OCBC bank ,Singapore “ Let me find the best offer to fit this person ’ s need. ” offer offer offer offer “ Let me find the best offer to fit this person ’ s need. ” offer offer offer offer offer offer offer offer “ I have a person with a change in behaviour that suggests a need …” EBM Campaigns
21. Marketing automation Global Strategy – Targeted campaigns and right periodic offer Delivery Define Objectives Define Programs Design Strategies Predictive Analysis Optimize Contacts Execute Campaigns Integrate w/Channels Monitor Results 1 2 3 4 7 6 5 8 Responses eMessage Call Center Electronic offers & Responses General output files & Responses SFA Contact events Adapted offers Plan Campaign Target Metrics Preliminary counts Model Customer Value Behavior Segments Propensities Campaign Optimized contacts Optimize Proposed offers for contacts Rules & Constraints applied
22. Creating a Customer marketing factory Lessons from the Shop Floor at HDFC bank
1. Addressable media: DM,email and telephone 2. Non addressable media: Print,TV,Outdoor 3. Sometimes addressable: Retail POS and web
1. Technology is the easy part-very small part of technology available being utilized 2. Often the only technology you need is an excel sheet: almost all basic measure of Customer marketing can be run this way