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© 2013 Acxiom Corporation. All Rights
Reserved.
© 2013 Acxiom Corporation. All Rights Reserved.
The Evolution of CRM in the Era of Big Data & Digital Technology
Making Better Connections
to Deliver Better Results:
Presentation to
April 18, 2013
© 2013 Acxiom Corporation. All Rights
Reserved.
Who Do We Work With?
2
© 2013 Acxiom Corporation. All Rights
Reserved.
Consumers
Brands
Media
Partners
What Are We Trying to Connect?
3
© 2013 Acxiom Corporation. All Rights
Reserved.
Agenda
 Changing Landscaping
 Resulting Paradigm Shift
 Challenges for Direct Marketing
 How You Might Address It
4
© 2013 Acxiom Corporation. All Rights
Reserved.
What’s Changing ?
Email Usage
DM Opens
Telemarketing
Conversion Rates
Sourcess: David Kay and Mark van Harmelen, (2012)
D
E
C
I
S
I
O
N
I
N
G
5
globalastrologyblog.blogspo.com (2012)
© 2013 Acxiom Corporation. All Rights
Reserved.
6
Our data lacks the detail
needed to drive effective
marketing solutions
What data will help drive
better business decisions.
Where to get it? How to
use it?
Our data stored in
different locations in
different format
With different usage
permissions
Not every record has a
prefect ‘match’
Data Chaos Analysis Chaos Decision Chaos
 How do you translate
results into actions
 In a timely manner
 In a way that makes a
difference
© 2013 Acxiom Corporation. All Rights
Reserved.
Trouble Is…
7
1
TOO MUCH
DATA
2
NOT ENOUGH
INSIGHTS
3
TOUGH TO
CONNECT WITH
THE RIGHT
CONSUMERS
© 2013 Acxiom Corporation. All Rights
Reserved.
Why BAU Is So Hard?
 Many companies prefer all components of its
database to remain behind firewalls
- Good Luck with that
8
© 2013 Acxiom Corporation. All Rights
Reserved.
So What’s Shifting ?
> Get More Data  Use the Right Data
> Mass Media  Addressable Media
> Advertising $$$  CRM $$$
> Push Messaging  Triggered Messaging
---------- CRM Role within Organizations --------
> Attitudinal Data  Behavioral Data
9
© 2013 Acxiom Corporation. All Rights
Reserved.
The CEO’s
Challenge What set of
corporate actions
will best increase
shareholder value?
10
© 2013 Acxiom Corporation. All Rights
Reserved.
The CMO’s
Challenge
How can I optimize
my marketing plans
this year so they
deliver higher sales at
a terrific ROI?
11
© 2013 Acxiom Corporation. All Rights
Reserved.
The CRM Manager’s Challenge
How can we unlock the
value within our
customer database to
increase share of wallet
and market share?
My Share
12
© 2013 Acxiom Corporation. All Rights
Reserved.
3 keys to growing your business via CRM :
(1) get the most from current customers
- up-selling and cross-selling
(2) protect your existing share of market
- avoid defection
(3) profitably cultivate new customers
- focusing on consumers with high LTV
13
© 2013 Acxiom Corporation. All Rights
Reserved.
So how you get there?
Robust Understanding Of Current Customers / Segments
Mapping Customers’ Path to Purchase / Brand Touchpoints
Identifying & Isolating Factors Related to Purchase
Ideating Customer Recognition & Decisioning Scenarios
Specifying the Data, IT & Business Requirements to Achieve the Vision
Creating a Roadmap to Get There
Developing a Business Case for the Investment
14
© 2013 Acxiom Corporation. All Rights
Reserved.
15
Better Targeting
More Relevant Messaging
Better Channel Selection
Improved Consumer Experience
Better Response Rates
Media Efficiencies
Higher Customer Satisfaction
Higher ROMI
Expected Outcomes
15
© 2013 Acxiom Corporation. All Rights
Reserved.
IRI Panel
Crossmark
Store Sales
Volume Metrics
MRI
SpendingMedia
Cross-category
Purchases
Client
Cross-category
Brand propensities Hoovers
Market Size
Forrester
Big Research
Omniture
Cart Activity
Site Activities
Com Score
Pages Visited
Compete
Time Spent
Social Media
Collective Intellect
Radian 6 Sentiment
tracx
Network Connectivity
KloutInfluence
HH Activity
Technographics
Demographics
Psychographics
Econometrics
Lifestyle Interest
INFOBASE
Data Providing the Best Speed to Value
Merge – Segment – Score
16
© 2013 Acxiom Corporation. All Rights
Reserved.
What You Can Do With It
Online
Habits
E-Commerce
Activity
Trad.
Media
Habits
Sales
Data
Social
Media
DM
Email
Response
Demos
&
HH Info
Rewards
Program
Activity
Audience Segmentation
B/O Product Interests
Channel Utilization
B/O Media Habits
CRM Messaging for NBO
B/O Website Behaviors
Offer Management
B/O Estimated LTV / Defection Risk
Dynamic Site Experiences
B/O Customer Recognition
17
© 2013 Acxiom Corporation. All Rights
Reserved.
What Next?
Take what you know
about registered
consumers and use
that information to
interact with people
that are unknown
Registered
Consumers
Unknown Consumers
High Value
Look-Alikes
Previously
Unaddressed
Segments
Competitive
Conquests
18
© 2013 Acxiom Corporation. All Rights
Reserved.
Analytics Platform
Consistent Recognition
How You Manage & Deliver It
Inventory Partners
& Ad Serving
Site Analytics
AnonymousKnown
Anonymize
Segments & Models
Onboard
Associate
Manage
Analyze
Segment
Distribute
Receive/Cleanse
Recognize
Manage
Analyze
Segment
Fulfill
Content Delivery
Platforms
Safe Haven
PC Data Onboarding
Premium Pub Partners
Online/Offline
Enhanced IB,
Predictive
Models,
Triggers
Data/Models
19
© 2013 Acxiom Corporation. All Rights
Reserved.
Real-time Decisioning
Outbound Channels
Inbound / Interactive Channels
“Trigger”
Targeting
“Push”
Targeting
Campaign
Management
Marketing
Databases
Content
Middleware,
Business Rules
Analysis,
Planning &
Budgeting
Customer
History
> Client Data
> Third-Party Data
> ETL Processes
> Grouping Rules
> Triggers
Campaign Execution
Customer
PerceptionProduct
Pricing
Availability
Operational
History
Content
20
© 2013 Acxiom Corporation. All Rights
Reserved.
How You Deliver It
21
https://romeo.blkbx.com
© 2013 Acxiom Corporation. All Rights
Reserved.
22
© 2013 Acxiom Corporation. All Rights
Reserved.
Analytics 2.0
23
1
Attribution
2
Optimization
3
Allocation
Analytics Engine
Source: Market Share (2013)
23
“VARS
GA
Neural Nets .. Oh my”
© 2013 Acxiom Corporation. All Rights
Reserved.
MEDIA MIX OPTIMIZATION
Response curves
14.60
14.80
15.00
15.20
15.40
15.60
15.80
16.00
$0
$5
$10
$15
$20
$25
$30
$34
$40
$45
$50
$55
$60
$65
$70
$75
$80
$85
$90
$95
$100
$105
$110
$115
$120
$125
$130
$135
$140
$145
$150
$155
$160
$165
$170
$175
$180
$185
$190
$195
$200
$205
TotalProductUnits
Millions
Media Investment($M)
ResponseCurves
Direct Mail
TV
OOH
E-mail
Display
Print
Radio
Search
24
© 2013 Acxiom Corporation. All Rights
Reserved.
Points of Entry
Real-time Dynamic Marketing Engine
Automated File
Generation
Automatically trigger
marketing files, in real-
time, when changes
occur.
Multi-Channel Execution
Coordinated, trigger
communications via Web, ad
targeting, phone, direct
mail, e-mail, SMS or other
retail CRM system
Delta Monitoring
Best-in-class tools to
continuously monitor your
data to detect changes based
on timing, events,
transactions and or thresholds
Ongoing Optimization
Continuous marketing mix
optimization to improve
targeting, offer and channel
performance.
Real-time Consolidation
Leading edge capabilities
to consolidate data
streams from numerous
sources in a real-time
environment
Prospects LeadsSite Visitors Customers
Behavior Monitoring
Lead
Sources
Call
Centers
Sales
Database
Websites Preference
Centers
Social Loyalty Customer
Care Interactive
Aspire Learn Shop
Own /
Service
Experience Re-Up-Cross-SellBuy
E.I.M. Dynamic Life-Cycle Marketing
25
© 2013 Acxiom Corporation. All Rights
Reserved.
Thank You
26

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2013 acxiom aims presentation

  • 1. © 2013 Acxiom Corporation. All Rights Reserved. © 2013 Acxiom Corporation. All Rights Reserved. The Evolution of CRM in the Era of Big Data & Digital Technology Making Better Connections to Deliver Better Results: Presentation to April 18, 2013
  • 2. © 2013 Acxiom Corporation. All Rights Reserved. Who Do We Work With? 2
  • 3. © 2013 Acxiom Corporation. All Rights Reserved. Consumers Brands Media Partners What Are We Trying to Connect? 3
  • 4. © 2013 Acxiom Corporation. All Rights Reserved. Agenda  Changing Landscaping  Resulting Paradigm Shift  Challenges for Direct Marketing  How You Might Address It 4
  • 5. © 2013 Acxiom Corporation. All Rights Reserved. What’s Changing ? Email Usage DM Opens Telemarketing Conversion Rates Sourcess: David Kay and Mark van Harmelen, (2012) D E C I S I O N I N G 5 globalastrologyblog.blogspo.com (2012)
  • 6. © 2013 Acxiom Corporation. All Rights Reserved. 6 Our data lacks the detail needed to drive effective marketing solutions What data will help drive better business decisions. Where to get it? How to use it? Our data stored in different locations in different format With different usage permissions Not every record has a prefect ‘match’ Data Chaos Analysis Chaos Decision Chaos  How do you translate results into actions  In a timely manner  In a way that makes a difference
  • 7. © 2013 Acxiom Corporation. All Rights Reserved. Trouble Is… 7 1 TOO MUCH DATA 2 NOT ENOUGH INSIGHTS 3 TOUGH TO CONNECT WITH THE RIGHT CONSUMERS
  • 8. © 2013 Acxiom Corporation. All Rights Reserved. Why BAU Is So Hard?  Many companies prefer all components of its database to remain behind firewalls - Good Luck with that 8
  • 9. © 2013 Acxiom Corporation. All Rights Reserved. So What’s Shifting ? > Get More Data  Use the Right Data > Mass Media  Addressable Media > Advertising $$$  CRM $$$ > Push Messaging  Triggered Messaging ---------- CRM Role within Organizations -------- > Attitudinal Data  Behavioral Data 9
  • 10. © 2013 Acxiom Corporation. All Rights Reserved. The CEO’s Challenge What set of corporate actions will best increase shareholder value? 10
  • 11. © 2013 Acxiom Corporation. All Rights Reserved. The CMO’s Challenge How can I optimize my marketing plans this year so they deliver higher sales at a terrific ROI? 11
  • 12. © 2013 Acxiom Corporation. All Rights Reserved. The CRM Manager’s Challenge How can we unlock the value within our customer database to increase share of wallet and market share? My Share 12
  • 13. © 2013 Acxiom Corporation. All Rights Reserved. 3 keys to growing your business via CRM : (1) get the most from current customers - up-selling and cross-selling (2) protect your existing share of market - avoid defection (3) profitably cultivate new customers - focusing on consumers with high LTV 13
  • 14. © 2013 Acxiom Corporation. All Rights Reserved. So how you get there? Robust Understanding Of Current Customers / Segments Mapping Customers’ Path to Purchase / Brand Touchpoints Identifying & Isolating Factors Related to Purchase Ideating Customer Recognition & Decisioning Scenarios Specifying the Data, IT & Business Requirements to Achieve the Vision Creating a Roadmap to Get There Developing a Business Case for the Investment 14
  • 15. © 2013 Acxiom Corporation. All Rights Reserved. 15 Better Targeting More Relevant Messaging Better Channel Selection Improved Consumer Experience Better Response Rates Media Efficiencies Higher Customer Satisfaction Higher ROMI Expected Outcomes 15
  • 16. © 2013 Acxiom Corporation. All Rights Reserved. IRI Panel Crossmark Store Sales Volume Metrics MRI SpendingMedia Cross-category Purchases Client Cross-category Brand propensities Hoovers Market Size Forrester Big Research Omniture Cart Activity Site Activities Com Score Pages Visited Compete Time Spent Social Media Collective Intellect Radian 6 Sentiment tracx Network Connectivity KloutInfluence HH Activity Technographics Demographics Psychographics Econometrics Lifestyle Interest INFOBASE Data Providing the Best Speed to Value Merge – Segment – Score 16
  • 17. © 2013 Acxiom Corporation. All Rights Reserved. What You Can Do With It Online Habits E-Commerce Activity Trad. Media Habits Sales Data Social Media DM Email Response Demos & HH Info Rewards Program Activity Audience Segmentation B/O Product Interests Channel Utilization B/O Media Habits CRM Messaging for NBO B/O Website Behaviors Offer Management B/O Estimated LTV / Defection Risk Dynamic Site Experiences B/O Customer Recognition 17
  • 18. © 2013 Acxiom Corporation. All Rights Reserved. What Next? Take what you know about registered consumers and use that information to interact with people that are unknown Registered Consumers Unknown Consumers High Value Look-Alikes Previously Unaddressed Segments Competitive Conquests 18
  • 19. © 2013 Acxiom Corporation. All Rights Reserved. Analytics Platform Consistent Recognition How You Manage & Deliver It Inventory Partners & Ad Serving Site Analytics AnonymousKnown Anonymize Segments & Models Onboard Associate Manage Analyze Segment Distribute Receive/Cleanse Recognize Manage Analyze Segment Fulfill Content Delivery Platforms Safe Haven PC Data Onboarding Premium Pub Partners Online/Offline Enhanced IB, Predictive Models, Triggers Data/Models 19
  • 20. © 2013 Acxiom Corporation. All Rights Reserved. Real-time Decisioning Outbound Channels Inbound / Interactive Channels “Trigger” Targeting “Push” Targeting Campaign Management Marketing Databases Content Middleware, Business Rules Analysis, Planning & Budgeting Customer History > Client Data > Third-Party Data > ETL Processes > Grouping Rules > Triggers Campaign Execution Customer PerceptionProduct Pricing Availability Operational History Content 20
  • 21. © 2013 Acxiom Corporation. All Rights Reserved. How You Deliver It 21 https://romeo.blkbx.com
  • 22. © 2013 Acxiom Corporation. All Rights Reserved. 22
  • 23. © 2013 Acxiom Corporation. All Rights Reserved. Analytics 2.0 23 1 Attribution 2 Optimization 3 Allocation Analytics Engine Source: Market Share (2013) 23 “VARS GA Neural Nets .. Oh my”
  • 24. © 2013 Acxiom Corporation. All Rights Reserved. MEDIA MIX OPTIMIZATION Response curves 14.60 14.80 15.00 15.20 15.40 15.60 15.80 16.00 $0 $5 $10 $15 $20 $25 $30 $34 $40 $45 $50 $55 $60 $65 $70 $75 $80 $85 $90 $95 $100 $105 $110 $115 $120 $125 $130 $135 $140 $145 $150 $155 $160 $165 $170 $175 $180 $185 $190 $195 $200 $205 TotalProductUnits Millions Media Investment($M) ResponseCurves Direct Mail TV OOH E-mail Display Print Radio Search 24
  • 25. © 2013 Acxiom Corporation. All Rights Reserved. Points of Entry Real-time Dynamic Marketing Engine Automated File Generation Automatically trigger marketing files, in real- time, when changes occur. Multi-Channel Execution Coordinated, trigger communications via Web, ad targeting, phone, direct mail, e-mail, SMS or other retail CRM system Delta Monitoring Best-in-class tools to continuously monitor your data to detect changes based on timing, events, transactions and or thresholds Ongoing Optimization Continuous marketing mix optimization to improve targeting, offer and channel performance. Real-time Consolidation Leading edge capabilities to consolidate data streams from numerous sources in a real-time environment Prospects LeadsSite Visitors Customers Behavior Monitoring Lead Sources Call Centers Sales Database Websites Preference Centers Social Loyalty Customer Care Interactive Aspire Learn Shop Own / Service Experience Re-Up-Cross-SellBuy E.I.M. Dynamic Life-Cycle Marketing 25
  • 26. © 2013 Acxiom Corporation. All Rights Reserved. Thank You 26