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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
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