Fact based marketing ING

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Creativity & Fact-based Marketing and are you even allowed to mention them in one sentence by Arjan Haring

Transcript of Fact based marketing ING

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Creativity & Fact-based Marketingand are you even allowed to mention them in one sentence

by Arjan Haring

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“Not everything that

counts can be counted,

and not everything that can be counted counts.”

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“An experiment is a

question which science

poses to Nature, and a

measurement is the

recording of Nature’s

answer.”

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And others…

Creative data-driven marketer since 2005

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• 1000s of experiments per month (1 exp/day/person)• Self organizing and multidisciplinary teams• Hypotheses based on behavioural science • Advanced but separate data science team

• 100s of experiments per month (1 exp/week/person)• Self organizing and multidisciplinary teams• Hypotheses based on existing data • Beginning data science team

Fact-based marketing as practiced at

• 1.000.000s of dynamic individual AB tests per month • Self learning algorithm • Hypotheses based on behavioural science • A very advanced but single data scientist (Maurits Kaptein)

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Fact-based marketing: F.I.A.T.

Idea A

•Alternative 1

•Alternative 2

•Alternative X

Fact I

Test A1

Test A2

Test AX

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Experiment

• Why does it work?

Test

• Does it work?

Try

• Can I do it?

Based on discussions with Matt Wallaert, Matt is great!

A hierarchy in rigour of trying

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Why does the lion work so well?

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Does the lion influence consumer behavior?

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Does the lion make you click more?

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Respect the authority of the Lion

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From Idea to

If people get advice from an authoritythey will be more likely to act

• ING as expert

• Recommended products

• Guide you in finance

Milgram, 1963

Test A1

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Testing a Lion’s autority in finance

Milgram, 1963

If people get advice from an authoritythey will be more likely to act

• ING as expert

• Recommended products

• Guide you in finance

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Testing autority in finance

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Testing autority in finance

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Testing autority in finance

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What additional autoritydoes the lion give ING?

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Experiment

• Why does it work?

Test

• Does it work?

Try

• Can I do it?

Based on discussions with Matt Wallaert, Matt is great!

A hierarchy in rigour of trying

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The effect

“By further studying the lion effect we might find new

principles to influence consumers”

Arjan Haring, The Control Group