How to Build Competitive Advantage with Customer Intelligence – From data to dialogue!
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Transcript of How to Build Competitive Advantage with Customer Intelligence – From data to dialogue!
How to Build Competitive Advantage with Customer Intelligence – From data to
dialogue!
Data variety, NOT volume is the biggest bottleneck today…
Enterprise data is insufficient to provide support to competitive digital business in areas such as…
Marketing
Financial
Healthcare
Manufacturing
“Noisy”“Voluminous”
Data
Why???
To filter out the data noise, all you need is a deep understanding of each and every customer …
Connecting with the customer
• Behavior• Context• Preferences • Affinities
New Findings = New Solutions
74% of businesses want to blend data from multiple
sources
70% of businesses wants to explore insights faster
76% of businesses use Emails to share insights; while 64%
uses Excel
Here are the top business intelligence trends of 2016 that will help marketers get value from ever growing customer databases…
Data governance is the key.A clean, centralized & fast data source will help nurture data analytics to utilize for faster business performance
Visual analytics will bring critical customer-centric data to life.
Information processing via images and videos will help businesses communicate information to audiences
more intuitively to quickly arrive at business actions
Big Data Trends of 2016 – New Findings!
Cloud data & cloud analytics to analyze data faster.
A Cloud-built private set-up, public Cloud set-up, or a hybrid solution to capture, analyze and faster scaling of
industrial data
New technologies will open huge potential for insights.
IoT data integration, Hadoop accelerators, improved social media and many more new technologies will facilitate each byte of data integration in the same
place
Data analytics will go collaborative.Dynamic data collaboration will enable business
decisions based on shared data insights
No static platforms, now interactive story telling on fresh data.
Storytelling and self-service data discovery of insights will aid consistencies in data insights
Business Intelligence Trends of 2016
Big Data Trends of 2016
By 2020, business data will be used to digitalize,
re-invent & eliminate
80% of business processes
By 2017, more than
30% of enterprise access to
big data will be via intermediary data broker
services
By 2017, more than
20% of analytic systems will
provide product tracking information.
What’s different with real-time data analytics?
Traditional analytical systems
• What has happened?• Why?
• What will happen?• What needs to be
done?
Structured Data
Batch Systems
Unstructured & structured Data
Real-time Systems
Big data Real-Time
analytical
Augmenting the traditional analytical systems, real-time data analytics will help break down raw customer data to gain insights on customer interactions and integrate them all in one place.
Identify unique customer behaviors & preferences in real time
View thousands of metrics for each customer
Monitoring customer changing preferences to identify opportunities
Bring analytics to data for result-driven insights
Adding Value to Customer data
Empowering Customer Intelligence data – Bringing the customer’s voice back!
Execute single view of the customer
Agile & real-time customer profiling employing a spectrum of approaches to segmentation
Deliver seamless cross channel experiences, merge data analysis & deployment
Provide 360 degree customer experience that connects emotionally
Provide the right offer at the right time and right place