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Improving CX with AI: Microsoft Case Study [SiriusDecisions Summit 2017]

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Improving CX with AI: Microsoft Case Study [SiriusDecisions Summit 2017]

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In this case study, learn how Microsoft is applying deep AI-driven market intelligence through its applications to impact the different phases of its customers’ lifecycle

In this case study, learn how Microsoft is applying deep AI-driven market intelligence through its applications to impact the different phases of its customers’ lifecycle

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Improving CX with AI: Microsoft Case Study [SiriusDecisions Summit 2017]

  1. 1. Jeff Marcoux Sr. PM, SaaS Growth & Viral Adoption Marketing Professor, UC Irvine & Oregon State University Board Member, Internet Marketing Association MarTech Education Advisor, GreenFig University @JeffMarcoux #SDSummit
  2. 2. “Every touch point with a customer is marketing” @JeffMarcoux
  3. 3. “By 2020, customer experience will overtake price and product as the key brand differentiator.” - Customer 2020 Report 80% of buyers said that the most significant driver during provider selection was either direct or indirect customer experience. - Sirius Decisions, 2016
  4. 4. Have you taken the
  5. 5. @JeffMarcoux #SDSummit
  6. 6. Drowning in Data @JeffMarcoux
  7. 7. @JeffMarcoux
  8. 8. @JeffMarcoux
  9. 9. @JeffMarcoux
  10. 10. @JeffMarcoux
  11. 11. @JeffMarcoux
  12. 12. @JeffMarcoux
  13. 13. Technology Process Culture
  14. 14. The Marketing Silver Bullet
  15. 15. The Customer Journey has Changed
  16. 16. …to people-centric From product- centric… A P C O N E V E R Y D E S K T O P A N D I N E V E R Y H O M E T H E PAT H A H E A D … E M P O W E R E V E R Y P E R S O N & O R G A N I Z AT I O N T O D O M O R E , T O B E M O R E 40+ Y E A R S A G O
  17. 17. 1 2 3 4 5 Product-centric …the marketing ‘funnel’ Awareness Consideration Conversion Loyalty Advocacy
  18. 18. In-product Social & On-boarding Content
  19. 19. On Page Advocacy
  20. 20. Chatbots
  21. 21. Who is my customer?
  22. 22. ICP > TAM > ABM: Taming the Alphabet Who are my perfect customers? Where do they work? What do they do? What accounts fit that profile? Where are they located? How many are in my database? Let’s target: 1 2 3 IDEAL CUSTOMER PROFILE Define your targets. TOTAL ADDRESSABLE MARKET Find every matching account. ACCOUNT-BASED MARKETING Target them one by one. #SDSummit
  23. 23. Defining your customer • Build out personas: by hand or with technology – Product Centric Company or Customer Centric Company?
  24. 24. Functions of senior marketing leadership Tailoring our message to specific marketing roles helps increase impact Advertising/ promotions director Digital strategies manager Creative directorCMO Sets the creative direction and shapes the internal and external brand image Data scientist Social media manager Public relations director Website director Digital Marketing/Web Corporate Marketing Creative/Advertising Identifies customer needs and conceives, develops, and implements innovative digital marketing strategies to engage them Description Product marketing manager Product Market research director MarCom manager Leads corporate branding, marketing communications, and strategic IP Demand generation & lead nurturing director Demand Generation Event director Description Analyst and investor relations manager Brand Manager Mobile director Sales readiness executive Inbound marketing/ content offers Product evangelist Leads and analyzes marketing initiatives related to driving sales and revenues Researches, positions and leads the product strategy to properly meet the needs of target customers Marketing Ops Marketing operations manager Directs the development and implementation of processes, tools, metrics, infrastructure and technology to improve marketing operations
  25. 25. Meet “Julia” – [CMO] Sets the marketing strategy and leads the marketing team to deliver superior customer experiences and a positive corporate brand image. Monitors marketing effectiveness and industry success. Builds, presents, and argues the business case for the marketing budget. Reports to Direct reports Goals CEO Marketing executives in the areas of: creative, digital, product, corporate and demand generation & external agencies § Increase top and bottom line revenues by X% § Grow product market share by Y% § Retain existing customers and secure new ones or increase the number of qualified leads in the pipeline § Increase brand awareness by driving X customers to our website and stores/business § Implement strategies that improve brand preference by X% among key demographic groups § Translate customer and marketing analytics into meaningful insights to get a synchronized view of the customer § Manage a growing team of internal and external resources § Creatie a responsive team that has the agility to act quickly when new marketing opportunities arise § Find the information/technologies necessary to drive new revenues and customers. (Technology awareness was identified by (54%) of CMOs as the top competency to improve.) § Highly influenced by recommendations from team, particularly digital marketing/mktg. technology personnel, and external peers § Budgets increasing in the areas of digital advertising, mobile marketing, digital commerce, and corporate website § A study by Forrester found that 54% of CMOs identified meeting revenue targets as their most important business driver. What marketing programs are driving the most revenues for your business? § Did you know that 80% of customer data will be wasted due to immature enterprise data “value chains”? Have you thought about ways you could better leverage customer data in your programs? § Did you know that nearly half of employees report that social tools at work help increase their productivity, but more than 30% of companies underestimate the value of these tools and often restrict their use? How are you collaborating with your marketing internal teams and external agencies today and do you have the right social and communication tools in place? § Bill Gates was recently quoted as saying that he believes the pace of innovation is faster today than ever before. How are you using technology today to keep your finger on the pulse of the industry, your business, and your competition? § Own the customer experience § Set the company’s marketing strategy and maintain brand awareness § Advocate for, define and manage the marketing budget § Lead the marketing team to meet lead generation, revenue and market share goals for the company Responsibilities Challenges Conversation starters Purchasing insights § CMO.com, The CMO Club, Harvard Business Review, The CMO Collective, LinkedIn Chief Marketing Officer Network, Fierce CMOTrusted channels
  26. 26. Defining your customer • Build out personas: by hand or with technology – Product Centric Company or Customer Centric Company? • Identify your Total Addressable Market (TAM)
  27. 27. Total Addressable Market #SDSummit
  28. 28. Total Addressable Market Not a good fit Fit Engaged Find through Inbound/ Outbound Those you don’t know about Competitors’ customers Your customers ABM with Intent Detection Advertising Events Email Etc. Loyalty Education Expansion Dissatisfaction Value ABM Big Fish Targeted ABM Predictive Lead Gen ABM Advertising Events Email Etc. Actively Looking
  29. 29. Defining your customer • Build out personas: by hand or with technology • Identify your Total Addressable Market • Define your customer journey
  30. 30. …Customer Decision Journey People-centric Open to possibility Decision to change Evaluating Shopping Experiencing
  31. 31. Putting it all together • Go through your customer journey • List out key personas your company targets • Map out existing touch points & content • Call out gaps in your content and customer journey
  32. 32. Marketing doesn’t stop after the lead • Assessments • Pitch Decks • AI/Data = Actionable intelligence for Sales • Demos • Inspiring videos • Sales nurture/Follow-up Campaigns • Targeted Advertising All Tailored to the Active Conversation #SDSummit
  33. 33. The Rise (and buzz) of ABM • Planned • Existing Account Expansion • Predictive Lead Generation – Intent – Lookalike Models • Opportunistic
  34. 34. @JeffMarcoux Jeff.Marcoux@microsoft.com

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