Research Presentation: How Numbers are Powering the Next Era of Marketing
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Transcript of Research Presentation: How Numbers are Powering the Next Era of Marketing
Accenture Interactive
How Numbers are Powering the Next Era of Marketing
3Copyright © 2012 Accenture. All rights reserved.
Intro
Hypothesis
Opportunities
New Rules
Context
Storyline
Evolution of the CMO Agenda
Nearly 4 in 10 CMOs1 say they do not have the right people, tools and resources to meet their marketing objectives. This is a 5% drop in preparedness from Accenture’s 2011 study.
Companies are increasingly turning to non-traditional marketing service providers such as Accenture Interactive to bring together the full end-to-end solution (consulting, technology and analytics) that drives key outcomes globally and locally.
Accenture Interactive is the marketing services arm of Accenture addressing the CMO and CIO business challenges to help clients achieve both marketing effectiveness and efficiency.1Based on the 2012 Accenture Interactive CMO Insights survey of more than 400 senior marketers from 10 countries.
CMO Agenda is Being Disrupted by Technology
Data Explosion• Unstructured data is doubling every
3 months• 2011 saw 47% growth overall• Driving greater emphasis on data
innovation
Economics• Commodity priced storage and
compute • Emergence of open source and big
data technologies solving production problems at scale
• Enable bringing analytics to the data
Data Mobilization• Novel approaches to analyze
unstructured data creating shorter time from data to insight
• Shift towards data consumption in multiple environments (business apps, mobile, social)
Data Led Innovation • De-coupling data from applications
• Disparate external data shaping context
• Cost effective mobilization of massive scale data
Data Explosion: Today’s World is Defined By Data
InternetMobile
Content Things
From the human Genome to Smart Meters, From Set-Top-Boxes to Social Networks, every click, every search, every swipe and every like is captured and stored and analyzed and monetized…
Data Explosion: Mobile
COMMUNICATIONS
There are 7 Billion PEOPLEWith over
SIX BILLION PHONESWikipedia
APPS
We will download over
70B apps – TEN for every
human
ABI
LOCATION
Smart phones are
continuously pinging GPS, WIFI and cell
towers
M-COMMERCE
Will grow to $31B with the entire
funnel of data from search and
advertising to Conversion being
captured
Data Explosion: Content (Audio, Video, Images)
Video, Audio, Text and Images streaming over the internet,IPTV & Cable TV are the most obvious types of content.
But medical images, traffic cameras, CCTV, satellite are among the growing sources of content.
Data Explosion: The Internet of Things
• The Environment
• Industry
• Places
• People
Sensable
Scanable
Payable
Wearable
Drivable
Flyable
Stakes are higher: Amongst marketing strategy issues, customers are at the top for the third year in a row (improving acquisition, retention and sales).
Copyright © 2012 Accenture. All rights reserved.
10
Very Important
2012 CMO Insights – Market Context Q 2a&b
The top 3 marketing issues also have the highest difficulty levels.
New strategy areas (e.g. the end-to-end customer experience, enabling relevant marketing, using data for real-time marketing) have high levels of importance.
Importance levels have also increased for efficiency related factors such as reducing costs of the marketing workforce and non-payroll marketing costs.
* New items included in 2012** Slight word change
Global Top 3
Very Difficult
12Copyright © 2012 Accenture. All rights reserved.
Intro
Hypothesis
Opportunities
New Rules
Context
Storyline
Brand is the Organizing principle of people, process and technology of the organization.
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BRAND Measurement and Value is going to be richer, more refined and
more reactive due to Big Data
technologies
“The battle in marketing will remain the same – a
battle for consumers’ trust. Trust is built on honesty, openness and
consistently taking the consumer’s side. […] the world revolves around the consumer – and that
won’t change.”Sir Terry Leahy, Chief Executive, Tesco plc
250ms
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Because BRAND VALUE can be
destroyed in 250MS
Brand has the Biggest Risk from Outlier
Behavior
Big Data Analytics are Designed to find
Outliers and Unseen Patterns
17Copyright © 2012 Accenture. All rights reserved.
Intro
Hypothesis
Opportunities
New Rules
Context
Storyline
Marketing Analytics Revolution
If you can’t access data, you can’t explore it. Failure to explore data is a missed-opportunity that can cost valuable initiatives that competitors may discover and exploit before you have the opportunity.
Data Liberation. How does liberated data drive value in our organization?
Efficiency at scale. The majority of time spent by predictive modelers is around data preparation. Fluid frameworks help reduce the amount of time they spend preparing the data so they can focus on developing models.
Fluid Frameworks. Where do we see the value in clean frameworks?
Data Rich Environments. Where do we see value in rich data?A simple algorithm can do a lot with rich data.With stagnant data, at some point, algorithms converge at finite value.
Copyright © 2013 Accenture. All rights reserved. 19
Brand Management Use Cases
Reputation Monitoring
Brand Relevance
Brand Fraud
Brand Advertising
Brand Energy
Brand Extensions
Data Aggregation
Pattern Matching
Outlier Analysis
Pathing
Real-Time Analytics
Text Analytics
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TEXT ANALTYICSSentiment analytics is used to analyze what is being
communicated. While Text analytics may count words
or identify keywords, Sentiment seeks to understand the
gist of what is being said. With social media growing in
importance analyzing customer conversations to find
key topics, trends and meaning is critical.
• Word Frequency
• Word Distance
• Passion / Intent
• Change of Text over Time
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TIME SERIESTime series allow us to order data
across time.
• Sessionization
• Customer journey
• Conversion funnels
• Multi-touch attribution
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GRAPH ANALYTICS
• Customer Connections
• Market Baskets
• Decision Trees
• Single Shortest Path
23Copyright © 2012 Accenture. All rights reserved.
Intro
Hypothesis
Opportunities
New Rules
Context
Storyline
Copyright © 2013 Accenture. All rights reserved. 24
BR
AN
DIT
WikiCommons
Big Data in Marketing
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P
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X ?
O
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MOBILE
SEARCH
E-COMMERCE &WEB
BRAND
PRODUCTMARKETING
CMO
MARKETINGANALYTICS
SOCIAL
PRESS
CUSTOMEREXPERIENCE
MARKETINGSCIENCE
MARKETINGRESEARCH
MARKETINGOPERATIONS
ADVERTISINGLevel 1 Awareness / Pain
Big Data in Marketing
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MOBILE
SEARCH
E-COMMERCE &WEB
BRAND
PRODUCTMARKETING
CMO
MARKETINGANALYTICS
SOCIAL
PRESS
CUSTOMEREXPERIENCE
MARKETINGSCIENCE
MARKETINGRESEARCH
MARKETINGOPERATIONS
ADVERTISINGLevel 2: Big Data Channels
Big Data in Marketing
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MOBILE
SEARCH
E-COMMERCE &WEB
BRAND
PRODUCTMARKETING
CMO
MARKETINGANALYTICS
SOCIAL
PRESS
CUSTOMEREXPERIENCE
MARKETINGSCIENCE
MARKETINGRESEARCH
MARKETINGOPERATIONS
ADVERTISINGLevel 3: External Solutions
MONITORING
Big Data in Marketing
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MOBILE
SEARCH
E-COMMERCE &WEB
BRAND
PRODUCTMARKETING
CMO
MARKETINGANALYTICS
SOCIAL
PRESS
CUSTOMEREXPERIENCE
MARKETINGSCIENCE
MARKETINGRESEARCH
MARKETINGOPERATIONS
ADVERTISINGLevel 4: Optimizing Interactions
MONITORING OPTIMIZATION
COMPANYLOGO
BIG DATA IN MARKETING ORGANIZATIONBIG ANALYTICS
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X ?
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OPTIMIZATION MONITORING
DISCOVERY
B
A
MOBILE
SEARCH
E-COMMERCE &WEB
BRAND
PRODUCTMARKETING
OFFICE OF CMO
MARKETINGANALYTICS
SOCIAL
PRESS
CUSTOMEREXPERIENCE
MARKETINGSCIENCE
MARKETINGRESEARCH
MARKETINGOPERATIONS
ADVERTISING
Big Data in Marketing
Level 5: Continuous Discovery
CaptureData
DriveAnalysis
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Embed Algorithms
Align Marketing
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Intro
Hypothesis
Opportunities
New Rules
Context
Storyline
33Copyright © 2012 Accenture. All rights reserved.
Marketers Need IT to Masters Many Different Data Environments
Priv
ate
Dat
a • Data Created inside the Enterprise
• The structure, design and manage-ment of this data is controlled by users
Pai
d D
ata • Data bought
from third parties to enhance analytics
• The structure, design and manage-ment is controlled by contract
Pub
lic D
ata • Data created
or shared by third parties such as social networks or government.
• The structure and design is not controlled
Accenture Technology Vision 2013
Relationships at Scale
Design for Analytics
Data Velocity
Seamless Collaboration
36Copyright © 2012 Accenture. All rights reserved.
Rethinking the CMO / CIO Relationships
• Drive IT Investment in Big Data
• Design your Interactive Data Collection for Analysis
• Enhance measurement of Offline Channels
• Reduce Data Friction in your systems keep up with your customers and the Market.
• Take Advantage of Big Data Technologies to
• Collaboration between IT and Marketing
Brand is the Organizing principle of people, process and technology of the organization.
38Copyright © 2012 Accenture. All rights reserved.