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WINNING IN THE AGE OF THE
EMPOWERED CONSUMER…
GAMECHANGERS, IMPERATIVES & OPPORTUNITIES




TIM SUTHER
CHIEF MARKETING OFFICER, ACXIOM

URCIL PETERS
VP OF CUSTOMER INTELLIGENCE SOLUTIONS, MCVI


FORRESTER CUSTOMER INTELLIGENCE FORUM
APRIL 2012




                                              ®
WINNING
IN THE ERA OF THE EMPOWERED CONSUMER




                  > 2 trends that change
                    everything.

                  > 5 prescriptions that
                    matter.

                  > 3 big potential payoffs.




                                               2
WINNING
IN THE ERA OF THE EMPOWERED CONSUMER




                                       3
THE ERA OF THE EMPOWERED CONSUMER




Empowered consumers have unlimited choice & information.
> New opportunities for engagement.
> But, disruptive to loyalty, margins and marketing performance.




                                                                   4
THE ERA OF BIG DATA




The world’s most valuable firms use “big data” to drive value.
> But, most value has come at the expense of brands.
> In response, brands need to develop and control insight about their
  customers
   …or be prepared to be the highest bidder for it.




                                                                        5
WINNING
IN THE ERA OF THE EMPOWERED CONSUMER




                                       6
IMPERATIVE:
     INSIDE OUT




> Most marketers underweight “solving for customer value.”
> Start “inside”: know customer value, then invest proportionally.
> Then “out”: prospect to those who think, look, or act like your best
  customers.




                                                                         7
IMPERATIVE:
   YOUR MULTIDIMENSIONAL INSIGHT




> No one signal consistently describes or predicts consumer behavior.
> Multidimensional insight: “refining across all relevant signals.”
> Use an enterprise data management platform to activate & evaluate
  signals at scale.
IMPERATIVE:
      OUTSIDE IN




> New consumer experiences & interfaces create new engagement
  opportunities...and a wealth of interest & intent data.
> If used only online, digital data reaches a fraction of its potential.
> Also use digital data to optimize traditional CRM and media
  weighting & placement.
IMPERATIVE:
     INTERSECTION OF INSIGHTS



> Media’s big lie – “I can reach your audience.”
> Focus on the intersection of brand customer insight with media
  contextual insight.
> Move beyond the popular (and most expensive).
> This, in turn, requires a safe haven and clear data rights.




                                                                   10
IMPERATIVE:
     TRUST




> Your most sensitive data is the most valuable…the temptation to go
  to the dark side will be great.
> Protect your data. Offer a clear consumer value exchange. Provide
  transparency and choice
   …or risk the wrath of consumers, regulators, litigators & activists.
WINNING
IN THE ERA OF THE EMPOWERED CONSUMER




                                       12
THE OPPORTUNITY IS LARGE
           BEST PRACTICES YOU CAN ADOPT NOW




     +15-30%                                +10-15%                                 +5-7%
        Marketing ROI                    Customer portfolio value                 Points of margin

> Increase targeting efficiency &      > Improve health and breadth of      > Increase number of enduringly
  better attribute results to spend.     insight about customers.             loyal customers.
> Better influence & sense             > Acquire & extend more profitable   > Effectively cultivate word of
  consumer behavior.                     relationships.                       mouth.
> More effective media                 > Redirect less profitable           > Optimize use of pricing
  substitution. Coherently integrate     relationships.                       incentives.
  new media.                           > Establish CLV-oriented KPIs to     > De-commoditize intent.
> Improve marketing results with         guide decision-making.             > Minimize auction risk of your
  trusted partners.                    > Optimize customer segments &         consumer insight.
> Recapture value from ad tech           multichannel contact strategies.
  intermediaries.                      > Increase number of recognizable
> Improve test & learn                   consumers.
  performance.                         > Increase ability to recognize
> Integrate & rationalize systems to     consumers across channels.
  reduce cost.
> Faster time to market.
> Real-time personalized offers.
WINNING
IN THE ERA OF THE EMPOWERED CONSUMER



                  > Big data & empowered
                    consumers require new
                    strategies.

                  > New strategies should be
                    based in 5 prescriptions.

                  > 3 big payoffs are achievable,
                    but require an enterprise
                    model.




                                                    14
Introducing….

Urcil Peters
VP of Customer Intelligence Solutions, MCVI
A MARRIOTT VACATION CLUB PERSPECTIVE


> Two Way Street. The Brand Defines Customer Experiences and What the
  Customer Experiences Defines the Brand…

> Better Together. Delivering Customer Experiences through other brands.

> Vacation Your Way. Balancing Endless Choices with Meaningful Choices

> Can You See Them Now? Listen to Customers. And speak to them as if they
  had a brain, a heart and a purpose

> What’s the Big Idea? Don’t use data just to know more use it to imagine
  more.

> “Show Me That You Know Me.”
THANK YOU.

 Questions?




© 2011 Acxiom Corporation. All Rights Reserved.

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Winning in the Age of the Empowered Consumer - Tim Suther, Forrester Marketing Leadership / Customer Intelligence Forum 2012 #FMF12

  • 1. WINNING IN THE AGE OF THE EMPOWERED CONSUMER… GAMECHANGERS, IMPERATIVES & OPPORTUNITIES TIM SUTHER CHIEF MARKETING OFFICER, ACXIOM URCIL PETERS VP OF CUSTOMER INTELLIGENCE SOLUTIONS, MCVI FORRESTER CUSTOMER INTELLIGENCE FORUM APRIL 2012 ®
  • 2. WINNING IN THE ERA OF THE EMPOWERED CONSUMER > 2 trends that change everything. > 5 prescriptions that matter. > 3 big potential payoffs. 2
  • 3. WINNING IN THE ERA OF THE EMPOWERED CONSUMER 3
  • 4. THE ERA OF THE EMPOWERED CONSUMER Empowered consumers have unlimited choice & information. > New opportunities for engagement. > But, disruptive to loyalty, margins and marketing performance. 4
  • 5. THE ERA OF BIG DATA The world’s most valuable firms use “big data” to drive value. > But, most value has come at the expense of brands. > In response, brands need to develop and control insight about their customers …or be prepared to be the highest bidder for it. 5
  • 6. WINNING IN THE ERA OF THE EMPOWERED CONSUMER 6
  • 7. IMPERATIVE: INSIDE OUT > Most marketers underweight “solving for customer value.” > Start “inside”: know customer value, then invest proportionally. > Then “out”: prospect to those who think, look, or act like your best customers. 7
  • 8. IMPERATIVE: YOUR MULTIDIMENSIONAL INSIGHT > No one signal consistently describes or predicts consumer behavior. > Multidimensional insight: “refining across all relevant signals.” > Use an enterprise data management platform to activate & evaluate signals at scale.
  • 9. IMPERATIVE: OUTSIDE IN > New consumer experiences & interfaces create new engagement opportunities...and a wealth of interest & intent data. > If used only online, digital data reaches a fraction of its potential. > Also use digital data to optimize traditional CRM and media weighting & placement.
  • 10. IMPERATIVE: INTERSECTION OF INSIGHTS > Media’s big lie – “I can reach your audience.” > Focus on the intersection of brand customer insight with media contextual insight. > Move beyond the popular (and most expensive). > This, in turn, requires a safe haven and clear data rights. 10
  • 11. IMPERATIVE: TRUST > Your most sensitive data is the most valuable…the temptation to go to the dark side will be great. > Protect your data. Offer a clear consumer value exchange. Provide transparency and choice …or risk the wrath of consumers, regulators, litigators & activists.
  • 12. WINNING IN THE ERA OF THE EMPOWERED CONSUMER 12
  • 13. THE OPPORTUNITY IS LARGE BEST PRACTICES YOU CAN ADOPT NOW +15-30% +10-15% +5-7% Marketing ROI Customer portfolio value Points of margin > Increase targeting efficiency & > Improve health and breadth of > Increase number of enduringly better attribute results to spend. insight about customers. loyal customers. > Better influence & sense > Acquire & extend more profitable > Effectively cultivate word of consumer behavior. relationships. mouth. > More effective media > Redirect less profitable > Optimize use of pricing substitution. Coherently integrate relationships. incentives. new media. > Establish CLV-oriented KPIs to > De-commoditize intent. > Improve marketing results with guide decision-making. > Minimize auction risk of your trusted partners. > Optimize customer segments & consumer insight. > Recapture value from ad tech multichannel contact strategies. intermediaries. > Increase number of recognizable > Improve test & learn consumers. performance. > Increase ability to recognize > Integrate & rationalize systems to consumers across channels. reduce cost. > Faster time to market. > Real-time personalized offers.
  • 14. WINNING IN THE ERA OF THE EMPOWERED CONSUMER > Big data & empowered consumers require new strategies. > New strategies should be based in 5 prescriptions. > 3 big payoffs are achievable, but require an enterprise model. 14
  • 15. Introducing…. Urcil Peters VP of Customer Intelligence Solutions, MCVI
  • 16. A MARRIOTT VACATION CLUB PERSPECTIVE > Two Way Street. The Brand Defines Customer Experiences and What the Customer Experiences Defines the Brand… > Better Together. Delivering Customer Experiences through other brands. > Vacation Your Way. Balancing Endless Choices with Meaningful Choices > Can You See Them Now? Listen to Customers. And speak to them as if they had a brain, a heart and a purpose > What’s the Big Idea? Don’t use data just to know more use it to imagine more. > “Show Me That You Know Me.”
  • 17. THANK YOU. Questions? © 2011 Acxiom Corporation. All Rights Reserved.