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Predicting Digital Brand Portrait at the Speed of thought

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Predicting Digital Brand Portrait at the Speed of thought

  1. 1. From Authentic to Romantic! Predicting Your Digital Brand Portrait at the speed of thought Sankar Nagarajan TEXTIENT Analytics
  2. 2. Thousands of consumers are talking and engaged with your brand through digital channels … That’s Cool! Your Digital Engagement
  3. 3. Do you know how consumers perceive your Brand & What’s your digital Brand position to grow your existing customer bases or drive profitability? What about the cost & time get such insights? BUT Photo credits: Flickr - April Killingsworth , Reshma Muralitharan
  4. 4. Discovering Your Digital Brand Portrait Brand Persona Brand Perceptions Consumer Experience Consumer Motivations Consumer Feelings Dimensions
  5. 5. Behavioural Data Science offers ‘Predictive Insights’ from Digital consumer touch-points - Social Networks, Online marketplaces What’s my brand differentiation ? Who is my next customer? What is driving my brand ? Brand Portrait at the Speed of thought! Listen to the consumer
  6. 6. Brand Persona => “Honest & Innovative” Which are the critical insights to your business Success? 5000 Likes in FB 3000 followers in Twitter Sentiment: + 7.5 Vs Consumer Happiness index @90% Key Brand position = “Style” & “Sophistication” 220 customer support tickets Customers ‘want’ better ambience and improved quality
  7. 7. Why Behavioural Insights? • Digital business today is moving well beyond click-thru & likes to true consumer conversations and relationships. You are increasingly dealing with the humans with varied psychological nature across cultures. • The * Science of economic judgement and choice is highly influenced by Human Behavioural aspects. (Psychology, Emotions) • Consumer experience and perceptions drive your brand and businessperformance. • To understand your consumers and business , You need ‘Humanized’ insights that will help drive growth and profitability. • Most of the intelligence today are Transactional that won’t help truly understand your brand and consumers in the digital landscape. * Prof. Daniel Kahneman, Princeton University
  8. 8. Brand portrait of a popular Italian restaurant CA,U.S Sample Prediction A restaurant known for its country Italian food. Photo credits: Benjie Ordoñez, Flickr
  9. 9. Restaurant Data set Digital ‘consumer talk’ sampled / assembled from the public domain (online) • Sample Prediction
  10. 10. Prediction Restaurant’s Brand persona & Equity Well known 97% 77% Genuine 84% Kind & Caring (Human Touch) 76% Innovativeness 56%Honesty/Sincerity 62% Style 29% Dependability 89% 73%Romantic Sophistication 52% Differentiating What does our Brand reflect? • Sample Prediction
  11. 11. Prediction Consumer Feelings What are my customer feelings? What is it related to? (context) Dominant Feeling: Joy *Context of the Feeling discovered Pride/Dominance Joy (Pleasure/Approach) Love (Affiliation) Shame/Submission power power love Affective Influence circle Cues: Customers are happy, satisfied and have an affectionate feelings - Cheerfulness, Contentment, Affection • Sample Prediction
  12. 12. Prediction Top Brand Perceptions of Customers Consumer Perceptions about the Restaurant • Sample Prediction labels Cues : Engage and tune your Restaurant business Strategy & Ops. tuned to Customer perceptions.
  13. 13. Prediction Top Customer Motivations What are the Customer desires ? • Sample Prediction Cues : Evaluate and tune your Restaurant business Strategy & Ops. tuned to Customer Motivations.
  14. 14. Prediction Top Customer Goals /Emphasis • Sample Prediction Disambiguation 93% Disambiguation levels predicted at 93% emphasizes Honesty, responsibility and Helpfulness. It correlates to “Readiness for contact “ with the customers. It emphasizes restaurant’s customer ‘Value attribution’ towards understanding, accepting and showing concern for all customers equally. There is a kind of Economic egalitarianism. Also, “Disambiguity” signal indirectly correlates to customer loyalty Cues : Importance of Carrying Customer Goals (Restaurant scenario)  Offer the same kind of service across tables attended  Pay attention, Understand and manage customer reservations better What’s the top motivational goal emphasized?
  15. 15. Prediction Top 3 Customer ‘Wants’ • Truly Experience what is offered. • Experience the Authentic Food. • Create a ‘Sense of belonging’ • Value what we think and feel • Focus on people. Connecting with others is far more important than the food or the noise in the restaurant! • Sample Prediction Photo credits: Sebastian Mary, Flickr Cues : Evaluate and Align your Restaurant business tuned to Customer needs.
  16. 16. What sort of insights can you get? • How romantic or authentic is our restaurant to my customers? • Are our customers excited or placid ? • What is our Brand equity on Trust and Reliability? • What are our Customer likes and interests? • What kind of Customers do we serve today? • What sort of values should we sustain or improve? • What sort of Customers should I target for our marketing? • What will help differentiate and grow my business? • What makes our competitor to shine in business ? * Example dimensions
  17. 17. Digital Behavioural Intelligence Benefits Align your brand with ever changing market drivers Compete better and Grow faster Tune your business to your customer desires Agile Marketing insights and target refinement Understand risks earlier Improve your customer experience & loyalty
  18. 18. Digital Behavioural Intelligence at the speed of thought TEXTIENT Insights in hours or days , Not weeks or months
  19. 19. Digital hose from varied touch-points Your Private digital consumer text data Behavioral Intelligence * Affect, Psychology, Cognitive TEXTIENT Platform Predictive Analysis Data Science Cloud computing Analytics /Report TEXTIENT Predictive Analytics Instagram OR Monitoring & Analytics Consumer data Feeds • Consumer experience • Brand Portrait • Consumer Persona Behavioral Intelligence from Big data * Sample prediction here were processed and analysed by TEXTIENT
  20. 20. THANK YOU! sankar[at]textient.com Twitter @_textient www.textient.com
  21. 21. The Next revolution will be Psychological, NOT Technological ! @rorysutherland YouTube link http://bit.ly/15T8TCa Inspiration
  22. 22. Behavioral economics helps study the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions and the consequences for market prices, returns, and the resource allocation. Source – Wikipedia http://bit.ly/1gnKPqr Behavioral Economics 101
  23. 23. The views mentioned in this presentation my /our own. Data if used, in the document have been sourced from available information in the public domain and has not been authenticated by any statutory authority. Although every reasonable effort is made to present current or appropriate information, there are no guarantees of any kind. Data accuracy cannot be guaranteed. All analysis included herein are based on data from public sources, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness, timeliness, or correctness. I am not liable for any errors or inaccuracies, regardless of cause to you (readers, users). Disclaimer

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