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Transforming Customer Intelligence into Revenue
Integrating Analytics into the
Customer Experience
Predictive, Private, Profitable
The Most Pervasive Example
 http://www.youtube.com/watch?v=CdY4dtewUR
Q
 Why It Works So Well
 Acts as a Surrogate
 Easy to Understand
 Immediately Actionable
The Question of Why
 Increase number of repeat visits or purchases
 Increase the average value of the transaction
 Increase the number of click-through
 Offer a different customer experience
 Increase response to cross channel marketing
 Increase the viral value of your customers
AUTHENTICATED vs. ANONYMOUS
 The value of Anonymous Users
 The value of Authenticated Users
Understand Your Data
 Mandatory
 Optional
 User
 Transactional
 Financial
 Informational
 Data density
 Explore external data sources
Understand Your Privacy Policy
 Organization’s view of privacy
 Does your privacy policy reflect that view?
 Do your CMO and CSO agree on the standard?
 Do you allow your customers to select their level of privacy?
 Is there a value exchange for the data collected?
 Do NOT underestimate the importance of Privacy!
Understand Your Data
 Start with a snapshot
 Customer data
 Financial data
 Non-financial data
 Identify Key Performance Indicators (KPI’s)
 Performance metrics
 Key trends
 Key relationships
 Macro before micro
Define Reasonable Objectives
 Desired Outcomes and Measures of Success
 Reasonable objectives are those that can be
achieved within the time and cost constraints.
Do the Math
 Define the best approaches
 Try multiple approaches
 Measure the relationships
 Reduce the analytics to something actionable
 If This Then That
Take Action
 Define the offer
 Present the offer
 Measure the results

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Ron Garmon's Webinar Presentation

  • 1. Transforming Customer Intelligence into Revenue Integrating Analytics into the Customer Experience Predictive, Private, Profitable
  • 2. The Most Pervasive Example  http://www.youtube.com/watch?v=CdY4dtewUR Q  Why It Works So Well  Acts as a Surrogate  Easy to Understand  Immediately Actionable
  • 3. The Question of Why  Increase number of repeat visits or purchases  Increase the average value of the transaction  Increase the number of click-through  Offer a different customer experience  Increase response to cross channel marketing  Increase the viral value of your customers
  • 4. AUTHENTICATED vs. ANONYMOUS  The value of Anonymous Users  The value of Authenticated Users
  • 5. Understand Your Data  Mandatory  Optional  User  Transactional  Financial  Informational  Data density  Explore external data sources
  • 6. Understand Your Privacy Policy  Organization’s view of privacy  Does your privacy policy reflect that view?  Do your CMO and CSO agree on the standard?  Do you allow your customers to select their level of privacy?  Is there a value exchange for the data collected?  Do NOT underestimate the importance of Privacy!
  • 7. Understand Your Data  Start with a snapshot  Customer data  Financial data  Non-financial data  Identify Key Performance Indicators (KPI’s)  Performance metrics  Key trends  Key relationships  Macro before micro
  • 8. Define Reasonable Objectives  Desired Outcomes and Measures of Success  Reasonable objectives are those that can be achieved within the time and cost constraints.
  • 9. Do the Math  Define the best approaches  Try multiple approaches  Measure the relationships  Reduce the analytics to something actionable  If This Then That
  • 10. Take Action  Define the offer  Present the offer  Measure the results