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Improve Customer Experiences With Big Data #DataTalk

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Improve Customer Experiences With Big Data #DataTalk

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Join our #DataTalk on Thursdays at 5 p.m. ET. This week, we learned from Matt Seeley, President of Experian Marketing Services, Mark Johnson, President and CEO of Loyalty 360, and Ginger Conlon, Editor-in-Chief of Direct Marketing News.

Join our #DataTalk on Thursdays at 5 p.m. ET. This week, we learned from Matt Seeley, President of Experian Marketing Services, Mark Johnson, President and CEO of Loyalty 360, and Ginger Conlon, Editor-in-Chief of Direct Marketing News.

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Improve Customer Experiences With Big Data #DataTalk

  1. 1. #DataTalkImproving Customer Experiences with Big Data
  2. 2. Join our #DataTalk on Thursdays at 5 p.m. ET This week, we talked with Matt Seeley, President of Experian Marketing Services, Mark Johnson, President and CEO of Loyalty 360, and Ginger Conlon, Editor-in-Chief of Direct Marketing News. Our big data Twitter chats are hosted by our @ExperianDataLab. Check out the resources and tweets from this chat: ex.pn/custexp
  3. 3. How has big data changed the way consumers engage with brands?
  4. 4. #DataTalk ex.pn/datatalk Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty The challenge of simplicity. Brands are struggling with listening to and understanding their customers.
  5. 5. #DataTalk ex.pn/datatalk Matt Seeley President, Experian Marketing Services @mseeley6 It’s not so much that data has changed the experience, but we have seen a rise in channel proliferation.
  6. 6. #DataTalk ex.pn/datatalk The web is awash with data -- from product specs to reviews -- buyers can use to inform their purchase decisions. Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy
  7. 7. #DataTalk ex.pn/datatalk Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty Brands want to create simplicity in their engagement, yet data, and disparate technology make it “challenging” - lack of metrics.
  8. 8. #DataTalk ex.pn/datatalk Buyers can learn more about brands than ever before and may find a reason to align with a brand. Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy
  9. 9. #DataTalk ex.pn/datatalk Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty Brands are challenged in how their technology providers are listening to them. They feel disconnected.
  10. 10. Why is big data important for the customer experience?
  11. 11. #DataTalk ex.pn/datatalk Matt Seeley President, Experian Marketing Services @mseeley6 You don’t need every data point. You need the data that works at the right time for the right customer.
  12. 12. #DataTalk ex.pn/datatalk Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty For every Amazon.com, there are hundreds of brands who are not. Analytics can be cold. Humanizing it is challenging.
  13. 13. #DataTalk ex.pn/datatalk Matt Seeley President, Experian Marketing Services @mseeley6 It’s the intelligence gleaned from big data using technology that puts the customer at the center.
  14. 14. #DataTalk ex.pn/datatalk Jay Stocki VP of Digital at Experian Marketing Services @jstocki 80% of companies say they deliver a great customer experience. 8% of customers agree with them.
  15. 15. #DataTalk ex.pn/datatalk Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy Brands can learn specific customers’ experiences/preferences and aim to deliver on them.
  16. 16. How do brands define and think about the customer experience?
  17. 17. ex.pn/datatalk #DataTalk Today’s brands have to consider customer experiences across the whole journey - not only one area. Matt Seeley President, Experian Marketing Services @mseeley6
  18. 18. ex.pn/datatalk #DataTalk Brands want to make experiences “personal” yet what is personal is vastly different and the ability to personalize is challenging. Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty
  19. 19. ex.pn/datatalk #DataTalk Focusing on channel, like a website or email, is no longer enough. Brands must think about the entire customer journey. Matt Seeley President, Experian Marketing Services @mseeley6
  20. 20. ex.pn/datatalk #DataTalk Too many brands equate customer experience and service. The latter is just one element of the former. Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy
  21. 21. ex.pn/datatalk #DataTalk Customer experience in marketing includes relevance/timing of communications, delivering on brand pormise, etc. Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy
  22. 22. What is a brand’s greatest challenge with creating intelligent customer experiences?
  23. 23. #DataTalk ex.pn/datatalk The biggest challenge is thinking like their customer - empathy and understanding. Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty
  24. 24. #DataTalk ex.pn/datatalk Globally, marketers now see the lack of a single customer view as their number one challenge. Matt Seeley President, Experian Marketing Services @mseeley6
  25. 25. #DataTalk ex.pn/datatalk The biggest challenge is getting a holistic view of customer data. Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy
  26. 26. #DataTalk ex.pn/datatalk Challenge is what technology. Not everyone has Apple’s or Amazon’s revenue to invest - not the intellectual bandwidth. Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty
  27. 27. #DataTalk ex.pn/datatalk Another challenge is organization silos, lack of collaboration with competing goals. Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy
  28. 28. What is the greatest opportunity for big data innovation in the customer experience?
  29. 29. #DataTalk ex.pn/datatalk Contextual relevancy is one. Consistency across channels is another. Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy
  30. 30. #DataTalk ex.pn/datatalk The ability to create smarter personalized experiences. Matt Seeley President, Experian Marketing Services @mseeley6
  31. 31. #DataTalk ex.pn/datatalk Contextual relevancy is one. Yet, as we stated, opportunity is to ID person across channels. Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty
  32. 32. #DataTalk ex.pn/datatalk Sometimes you don’t need innovation; sometimes you just need to get the customer experience basics right. Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy
  33. 33. #DataTalk ex.pn/datatalk Transforming the customer experience into a natural conversation between the customer and brand. Matt Seeley President, Experian Marketing Services @mseeley6
  34. 34. Have great customer experiences always been data driven?
  35. 35. ex.pn/datatalk #DataTalk Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty Great experiences are not always data driven. Experiences are and should be natural.
  36. 36. ex.pn/datatalk #DataTalk Matt Seeley President, Experian Marketing Services @mseeley6 Brands create emotional connections with people, but it’s data that allows that connection to become essential.
  37. 37. ex.pn/datatalk #DataTalk Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy Many have been, because great customer experience starts with understanding specific customers.
  38. 38. How are sophisticated brands approaching big data?
  39. 39. #DataTalk ex.pn/datatalk Successful brands have one thing in common; they continue to focus on the customer. Matt Seeley President, Experian Marketing Services @mseeley6
  40. 40. #DataTalk ex.pn/datatalk There’s also great customer experience that stems from understanding people in general. Consider the Tiffany blue box. Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy
  41. 41. #DataTalk ex.pn/datatalk The most successful brands pay attention to how customers interact w/ their brand across various channels and devices. Matt Seeley President, Experian Marketing Services @mseeley6
  42. 42. #DataTalk ex.pn/datatalk Brands that can discern their unique customer opportunity via listening and understanding of how the customer experience leaders are engaging. Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty
  43. 43. #DataTalk ex.pn/datatalk Predictive analytics can help us refocus marketing back on the customer. Matt Seeley President, Experian Marketing Services @mseeley6
  44. 44. How does a brand get started leveraging big data to improve the customer experience?
  45. 45. ex.pn/datatalk #DataTalk Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty Find the right customers - not all the customers. Listen to them and engage. Make it simple.
  46. 46. ex.pn/datatalk #DataTalk Ginger Conlon Editor-in-Chief, Direct Marketing News @customeralchemy One way is to use it to uncover customer pain points. Prioritize them. Resolve them.
  47. 47. ex.pn/datatalk #DataTalk Mark Johnson President & CEO, Loyalty 360 @MJohnsonLoyalty Brands need to understand what data they have (too much), what they want to do, and realize what they can do. Start and then react.
  48. 48. ex.pn/datatalk #DataTalk Matt Seeley President, Experian Marketing Services @mseeley6 Build a data and tech strategy around the customer.
  49. 49. Join our #DataTalk on Twitter on Thursdays at 5 p.m. ET. experian.com/datatalk

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