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
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