Post on 27-Jan-2015
description
How Business can predict and stay ahead
of Rapid Changes leveraging Social Data
Marshall Sponder, Bogota, 10/30/13
How Business can predict and stay ahead of
Rapid Changes leveraging Social Data
Marshall Sponder, Bogota, 10/30/13
About WebMetricsGuru INC.
Gartner's 2013 Emerging Technologies hype cycle shows what is hyped vs. realistic expectations
http://www.zdnet.com/gartners-2013-emerging-technologies-hype-cycle-focuses-on-humans-and-machines-
7000019564/
Predictive
personalization is
defined as the
ability to predict
customer behavior,
needs or wants and
tailor offers and
communications
very precisely.
- Seth Gottlieb
http://enterpriseresilienceblog.typepad.com/enterprise_resilience_man/2013/08/targeted-marketing-and-
predictive-analytics-part-1.html
How likely will a brand's
offer resonate across social
media channels?
- Tom Phillips
Micro-content by
its very nature is
rarely visited…..
increasing the
likelihood that
these individuals
will be equally
receptive.
http://www.imediaconnection.com/content/27447.asp?id=27447
Which customers are mostly likely to
abandon your brand for a competitor?
http://blog.ad-tech.com/understanding-understanding-why-machine-learning-cant-work-without-
humans%E2%80%A8%E2%80%A8/
http://practicalanalytics.wordpress.com/2012/01/05/analytics-case-study-schwan-foods/
At the core of a
recommendation
engine is predictive
modeling. This
identifies and
mathematically
represents
underlying
relationships in
historical data in
order to explain the
data and make
predictions or
classifications about
future events.
What
determines
which
customers
are likely to
abandon
your brand
for a
competitor?
http://adage.com/article/news/dawn-relationship-era-marketing/231792/
All social efforts must flow
from an authentic sense of
purpose, not bogus
boilerplate.
Core values
cannot be faked,
at least not indefinitely.
http://adage.com/article/news/dawn-relationship-era-marketing/231792/
How is the investment in Big Data
Working out by Regions of the World?
http://www.tcs.com/SiteCollectionDocuments/Trends_Study/TCS-Big-Data-Global-Trend-Study-2013.pdf
http://www.tcs.com/SiteCollectionDocuments/Trends_Study/TCS-Big-Data-Global-Trend-Study-2013.pdf
Which
regions
have
benefited
the most
from “Big
Data”
initiatives?
Which
Industries
have
benefited
the most
from “Big
Data”
initiatives?
http://www.tcs.com/SiteCollectionDocuments/Trends_Study/TCS-Big-Data-Global-Trend-Study-2013.pdf
Source - http://arxiv.org/pdf/1307.0309.pdf
Social media “genotypes (behavioral markers)
can be employed to predict a user’s future
actions (on Twitter).
Every person has a
fixed set of interests,
called their social-
media genotype,
which determines
their pattern of
behavior on networks
such as Twitter.
Once these genotypes
have been discovered,
they can be used to
predict an individual’s
future behavior.
Petko Bogdanov,
University of
California)
1. Use analytics to identify valuable
opportunities
2. Map the consumer decision journey
3. Invest in an automated algorithmic
marketing
Ask the Right Questions to
obtain the Best Data
http://enterpriseresilienceblog.typepad.com/enterprise_resilience_man/2013/08/targeted-marketing-and-
predictive-analytics-part-1.html
Understand Your Target Audience Before
Investing In Marketing Campaigns
http://businessgross.com/2013/06/03/marketing-campaigns/
Identifying Data we can use to build models
supporting automation
Who will purchase your product in the future,
how much will they be wiling to spend on it?
Big Data has been used to inform mechanizing and
store placement decisions as well as monitor social
media for local comments of customers of a
particular store location.
Types of
Remarketing
http://www.netmining.com/pdf/Netmining-Mapping-Digital-Display-Landscape.pdf
Non Linear Travel purchasing journeys
Omni-Channel customer journey in travel industry, IBM
http://cdn.chiefmartec.com/wp-content/uploads/2013/09/5_stages_buyers_journey_600.png
Mapping the Customer Journey should
provide context for your Brand customers
Once you determine your audience you still
need to understand how to reach them
http://www.netmining.com/pdf/Netmining-Mapping-Digital-Display-Landscape.pdfYour text
Mapping Customer Touch points in a 2D or 3D Metrix
helps to define where a customer is in the Journey
(with the right questions and analysis).
http://www.pinterest.com/pin/21814379418653946/
Maturity Models help inform Brands on
Analytics “Next Steps” they should/could take
http://semphonic.blogs.com/
Internet of Things becomes Everything
Ascendancy of single devices handling all our data needs while providing better data for
analytics and ROI - smartphones/wearable computers containing CPU, storage, and
wireless connectivity "core" of the user experience.
Source: Cisco
Proliferation of wearable technology can provide
new ways for Brands to reach their audiences, find
new audiences. However, new Query languages will
need to evolve to fully leverage the technology
opportunity
http://www.clickz.com/clickz/column/2285267/convergence-analytics-needs-a-new-unified-query-language
Useful Social Data is easier to capture and more
abundant in some industries than others
US Data
http://www.netmining.com/pdf/Netmining-Mapping-Digital-Display-Landscape.pdf
Within
Industry
Uses
Cases
further
defines
what
Analytics
are
needed
http://thefuturebuzz.com/2013/02/11/timeshifting-as-the-new-default/
We need a certain “Numbersense” in looking at data
- There are several predictions about Cable TV’s
demise, and the data collected suggests as much …
but
Is Cable TV dying? It Depends …
With services
like Netflix,
Amazon
Instant, Google
Play and more
it would appear
that there is
absolutely no
reason to view
content on
someone else's
timetable.
http://thefuturebuzz.com/2013/08/15/the-slow-inevitable-death-of-cable-tv/
There are other interpretations suggesting Cable TV
Isn't Going Anywhere
Perhaps Cable TV is here to stay until someone figures out how to
break the bundled programming model.
https://intelligence.businessinsider.com/dont-believe-the-hype-cable-tv-isnt-going-anywhere-2012-3
http://www.appboy.com/
Personalizing Audience Targeting needs a touch
point framework to be the most actionable
Nine Upcoming
Predictions
1. Bogotá will Become South America's
Premier Tech Hub and remain so through 2020
Whatever the future is for cities, one thing is certain -- successful
cities will be defined by their ability to attract tech companies.
http://mashable.com/2013/09/24/bogota-tech/
2. Digital ROI attainable within 2 years due to
Rise Of "Real World Analytics” which is
mobile driven
This new world of cross-device tracking and offline analytics promises to
disrupt and change the way that marketers think about attribution.
http://marketingland.com/mobile-and-the-rise-of-real-world-analytics-60845
3. Gartner: Get Ready for the roaring
2020's 'Digital Industrial Economy'
Peter Sondergaard
(above), Gartner
SVP and head of
research, opening
the annual Gartner
Symposium.
We are entering a
new digital industry
economy where
everyone will be a
technology
company
http://forwardthinking.pcmag.com/show-reports/316608-gartner-get-ready-for-2020-s-digital-industrial-economy
4.Half of U.S. Workers Could Be replaced by
Computers NOW (2/3 by 2040)
A recent study out of Oxford University found that almost half of U.S. jobs are vulnerable to
being taken over by computers as artificial intelligence continues to improve. The study,
based on 702 detailed job listings, found that computers could already replace many
workers in transportation and logistics, production labor and administrative support.
http://singularityhub.com/2013/09/24/nearly-half-of-u-s-jobs-could-be-done-by-computers-study-says/
5. Predicting is the new black
http://venturebeat.com/2013/07/26/predicting-is-the-new-black-the-latest-trend-in-marketing/
6. Many of the predictions made on Big
Data will be wrong
7. Viral Marketing is finally understood and leveraged
Four Viral Campaigns mapped by Pulsarplatform.com
8. Encoding Sentiment will provide an
objective way to describe content
...
...
9. Analytics Encoding of Emotion will be
automated within 2 years
http://metricsman.wordpress.com/2013/06/12/a-new-framework-for-social-media-metrics-and-measurement/
10. Marketing Frameworks will finally be
formalized and adopted
Bonus: Rutgers University and Unruly launching Viral
Media Course launching by January 2014 covering all
that we know about Viral Media - how to create and
track it.
Contact me at @WebMetricsGuru or
marshall.Rutgers@gmail.com for the details about when the
course will formally launch.
Thank You!