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#SDSummit 2015: Neustar Bridging The Gap with Predictive Analytics [Mintigo Case Study]
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#SDSummit 2015: Neustar Bridging The Gap with Predictive Analytics [Mintigo Case Study]
1.
© Neustar, Inc.
// Proprietary and Confidential Scott Hirsch Head of Content Neustar, inc. Bridging the Gap Between Sales & Marketing with Predictive Analytics
2.
About Me © Neustar,
Inc. // Proprietary and Confidential Title: Head of Content, Digital Marketing at Neustar Previous: VP Product Marketing, Get Satisfaction Prior to that, product innovation with BT, Google, NYTimes, Nokia, Telefonica … Focus: Go-to-market and content strategy with a focus on brand awareness, point of view marketing, and demand creation. Scott.Hirsch@Neustar.biz
3.
Staring over the
demand gen cliff MQL WON* 0.28% *2014 Sirius Decisions waterfall benchmark funnel research 35% rejected 59% untouched 94% of MQL’s are either rejected or untouched © Neustar, Inc. // Proprietary and Confidential
4.
Our job is
to make sales easier 1. Which company/buyer profiles deliver results 2. Which ones don’t 3. How to score leads for “quality” To do so, we needed to understand: © Neustar, Inc. // Proprietary and Confidential
5.
1. Fundamentally, it’s a
data problem: The Challenge – Knowing Our Customer Normalized lead dataData that prospects give us Company profile dataObserved digital behavior Deep correlation analysis of why we winSimple conversion analysis 2. With the right data, we can make the right decisions © Neustar, Inc. // Proprietary and Confidential
6.
© Neustar, Inc.
// Proprietary and Confidential Step 1: Model Past Performance Gain insight from past performance – 3 Segments / 3 DNAs / 3 Unique Models
7.
Step 1: Example ©
Neustar, Inc. // Proprietary and Confidential Prospects who use AWS are 5x more likely to buy our SiteProtect and UltraDNS products
8.
Step 2: New
Lead Scoring © Neustar, Inc. // Proprietary and Confidential Predictive Scoring Internal Lead Scoring More precise lead scoring and flows based on a new universe of data
9.
Step 2: Scoring
that Drives Lead Quality Before Mintigo, we looked at self- reported demographic, known firmographic, and observed digital behavior. Scores based on past conversion data. © Neustar, Inc. // Proprietary and Confidential Highly engaged on website Small Biz – may not ready to buy Does not meet technical requirement Look-a-like customer Meets technical requirement Uses competitor After Mintigo, we looked verified firmographics enriched with details including company growth and technologies used Scores based on historical closed won opportunity data. With predictive scoringBefore predictive scoring
10.
Step 3: Provide
Sales with Insights Value to sales teams: – Less time researching company details – New data available, such as competitive products used – Ability to prioritize leads queue based on new data – Insight that can inform cross-sell and up-sell opportunities © Neustar, Inc. // Proprietary and Confidential Security Services Marketing Services Not Visible to Sales Indicators are populated in salesforce to give a new level of insight into leads/opportunities
11.
The Results: Better
Funnel Metrics ‣ Successful launch of predictive scoring in Q4 ‘14 improved funnel metrics: -49% decrease in MQL +5% increase in SAL +61% increase in SQL © Neustar, Inc. // Proprietary and Confidential 53% 44% 40% 26% 27% 12% 17% 15% 29% 19% 42% 24% 29% 33% 44% 0% 10% 20% 30% 40% 50% 60% Q1 ' 14 Q2 '14 Q3 '14 Q4 '14 Q1 ' 15 Waterfall Metrics Trends Q1 2014 – Q1 2015 Marketing Qualified Sales Accepted Sales Qualified
12.
SUMMARY Questions? • Who are
my ideal prospects ? Discover your CustomerDNATM • How should I communicate with them ? Create micro-segmentations • Where do I put my resources & focus ? Leverage advanced scoring models © Neustar, Inc. // Proprietary and Confidential