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Truthify Emotion AI Application Offers Actionable Feedback to Brands and Marketers Based on Audience Emotional Reactions

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Truthify, LLC Granted Patent by USPTO for Real-Time Emotion-Optimized Advertising

Technology Reveals Invaluable Insight Not Available Anywhere Else for Anyone Who Seeks Reactions to Their Content

Emotion artificial intelligence (AI) company Truthify revealed a first-of-its-kind, short-form video messaging application to help brands, marketers, media and advertising agencies, political campaigns and civic leaders gather at-scale audience feedback that is immediate, authentic and actionable. What if you could measure the subconscious emotional reaction to questions, ideas, content, products or people?

Truthify enables insight-driven decision making and planning while engaging audiences, stakeholders and buyers in a completely different way. Anyone that wants to identify emotional reactions to their message or content can use Truthify to upload or record a video and send it to an endless number of recipients. The recipient watches the video message after enabling camera permissions, and then the app uses Emotion AI to identify the recipient’s subconscious emotional reaction to the sender’s message and shares the reaction with both the sender and recipient.

Up to 90 percent of purchasing decisions are made subconsciously. However, current market and qualitative research techniques for gathering customer and prospect feedback, like focus groups, surveys and polls, are not scalable and give little insight into a person’s subconscious. Typically, market research gathers feedback from a small subset of a brand’s audience, who may or may not be sharing their first (and truest) reaction. Using this as a basis when spending millions, or tens of millions, of dollars on a new advertising campaign, a consumer product launch, or to decide the next face of your political campaign, can be extremely risky. To continue to be successful, marketers will need to supplement current techniques with greater insight and scalability – both of which Truthify provides.

Also Read: Here’s How Marketers Can Avoid Brand Safety Violations

“Until now, brands haven’t had a means of quickly identifying the true reactions of their audience and were relegated to traditional research methods,” said Kevin Knull, CEO and Co-Founder, Truthify. “Truthify is a more modern solution to help both brands and individuals gain audience feedback that is immediate, authentic, and actionable. For the brand, knowing how a message is received by its audience before it is widespread could be very beneficial, and it could either help drive increased revenue, prevent significant losses, or avoid public relations missteps. This is honest feedback measured at 14 times per second, and it goes far beyond a ‘like’ button.”

“Truthify has the potential to disrupt the marketing and advertising industries in a really positive way,” said Joe Koufman, founder and CEO, AgencySparks, which is a matchmaker for brands and marketing agencies. “Truthify’s unique ability to enable brands to test and deliver video content quickly to ensure that it resonates emotionally with a target audience is a game-changer.”

Results within the Truthify app can be filtered by an aggregate or individual recipient comments, emotions and more. Users are also granted analytics that offers important details about their content, such as recipient demographics, the specific point at which a recipient’s emotion changed, and the device and operating system used to view the content. All of this makes it easy for brands, marketers and others to confidently make plans and decisions rooted in accurate insights that will resonate with their audience, and entice them to take an action. And, unlike current focus groups, the user can create a campaign, send it to the desired audience, and receive responses in minutes rather than weeks.

Also Read: BrandFIT Influencer Marketing Platform Simplifies Digital Campaign Delivery Across The Globe

The Emotion AI Technology Behind Truthify

Truthify partnered with Emotion AI company Affectiva and is using their technology to evaluate recipients’ spontaneous reactions to a stimulus by tracking facial expressions and emotions. Affectiva has analyzed more than 6.5 million faces of varying gender, age and ethnicity in 87 countries, to ensure high accuracy for their technology in real-world scenarios. The seven emotions that Truthify measures include anger, contempt, disgust, fear, happiness, sadness and surprise. With Affectiva’s Emotion AI, Truthify allows brands, marketers and others to understand complex and nuanced emotional reactions to their content in order to make better, more informed decisions.

“Emotions influence every aspect of our lives, from how we learn, to how we communicate, to what we purchase. And yet, our technology and devices today have a lot of IQ, but they’re lacking EQ, or emotion awareness,” said Dr. Rana el Kaliouby, CEO and co-founder, Affectiva. “Our mission at Affectiva is to humanize technology with Emotion AI. What makes the Truthify application exciting is that it gives anyone with a smartphone the power to use technology to better understand each other and how we emote, as well as decipher what is often lost in digital communication – emotions. Truthify allows brands, as well as consumers, to connect with those around them in a more meaningful way.”

Recommended Read: How Brands and Agencies are Affected by GDPR

Contentstack Levels the Playing Field for Content Editors to Join Developers in Delivering Modern Digital Experiences

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Contentstack Levels the Playing Field for Content Editors to Join Developers in Delivering Modern Digital Experiences

Contentstack Splurges on New Features to Empower Marketers to Tackle Omnichannel, Digital Content Management

Contentstack, the digital content hub of the future and pioneer in “headless” content management system (CMS) technology announced major new enhancements to its Content-as-a-Service (CaaS) platform, paving the way for easier and more sophisticated content management by business users.

“API-first content management is a growing trend in the enterprise, but most commercial solutions are optimized for developers and leave behind the content editor,” said Mike Johnston, CMS industry expert and Founder of CMS Critic. “In a modern enterprise, both IT and business teams have to work together when it comes to managing digital content. With these new features, Contentstack dramatically upgrades the content editing experience for business users and places them on an equal footing with their technical peers.”

Also Read: Contentstack Introduces CMS Modular Blocks, a Dynamic New Way to Create Pages Quickly and Easily

The new key features for content editors are:

Workflow: Efficient Content Lifecycle Management
With Workflow, business content managers can streamline the process of content creation, review and deployment. Workflow significantly lowers the number of tools, review cycles and approvals required to publish content.

Publishing Rules: Define and Enforce Approval Processes
Essential to any enterprise is the ability to ensure only high-quality, approved content is disseminated via its official channels. With Publishing Rules, content can only be published if the approver(s) sign(s) off the publishing request.

Releases: Easier Deployment of Voluminous, Time-Sensitive Content
Releases eases the process of managing content associated with major business events, such as promotional campaigns or product announcements. Users can combine content elements into a single release, publish content in bulk and – crucially – accommodate last-minute content or schedule changes with ease.

Additional enhancements include Reference Editing, which streamlines the editing experience for dynamic content – such as a product catalog – and new multi-language features that deliver a powerful, developer-friendly version comparison tool into the palms of business users tracking site changes across different localizations.

“By recognizing their unique requirements and treating both constituents as equal players, Contentstack for the first time unifies traditionally divided IT and Business teams,” said Matthew Baier, COO of Contentstack. “With the advent of digital content hubs – which extend significantly beyond the scope and limitations of a traditional CMS – marketers can now engage their audiences on any digital channel with personalized content, while IT reaps the benefits of enterprise scale and security.”

Recommended Read: Contentstack Launches Partner Program to Fuel Adoption of Leading Headless CMS Platform

Widen 2018 Connectivity Report Finds AI Key to Modern Marketing Organizations

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Widen 2018 Connectivity Report Finds AI Key to Modern Marketing Organizations
Widen 2018 Connectivity Report Finds AI Key to Modern Marketing Organizations

Widen 2018 Connectivity Report Finds That Marketers Are Making Far-Reaching Decisions About Artificial Intelligence with Limited Understanding of the Technology 

Widen, a leading global provider of Digital Asset Management (DAM) software, has released its second annual Connectivity Report. The Widen 2018 Connectivity Report explores how modern marketing organizations balance the power of technology with the familiarity of the human touch, and the role of connectivity in marketing operations, strategy, and business results. Widen’s team conducted and analyzed 32 phone interviews and 506 online surveys to generate the data.

Read MoreBounceX Appoints Yiftah Frechter as New Chief Technology Officer

Among many findings in the Widen 2018 Connectivity Report, the company discovered a significant gap between interest in artificial intelligence (AI) and understanding of that technology in marketing departments.

The 2018 Connectivity Report found that 86 percent of respondents are not using AI in marketing and creative work, yet, according to a Gallup survey, almost 85 percent of consumers already use AI tools in their personal lives. Thus, the hype for AI hasn’t translated into practical usage in marketing departments.

Interestingly, participants gave inconsistent responses about the definitions of AI and machine learning and the differences between them.

AI Remains a Sci-Fi Topic for Most Marketers!

The Widen 2018 Connectivity Report stated, “When asked what artificial intelligence means, over 50 percent of our interview participants said it either reminded them of futuristic movies and robots or that they didn’t know. People had a much better grasp on machine learning. The struggle to distinguish AI means marketers are making far-reaching decisions about concepts they don’t necessarily understand.”

Read More: Zendesk Suite Launched for Integrated Omnichannel Customer Experience

The Report also covers questions about customer experience, artificial intelligence (AI), personalization, data analytics, and digital transformation. Key findings include–

  • 76 percent of survey respondents are integrating at least two of their digital work tools.
  • The #1 trend among survey respondents is “personalizing the customer experience.”
  • 93 percent of professionals surveyed feel personalization at scale is attainable, but 58 percent are unsure of how to achieve it at scale in their marketing and creative work.

“The findings on AI, personalization, and scalability are all related,” said Nina Brakel-Schutt, Brand Strategist at Widen.

Nina added, “Companies that want to use personalization on a large scale can’t do it without AI tools that study and segment customers in real time. Since marketers largely are not using AI and are unfamiliar with the technology, it makes sense that they would be uncertain about how to scale personalization.”

Using AI, Brands May Spent Over $1 Trillion to Connect to Customers and Partners

The confusion over AI likely influences the B2B ‘martech’ market. In 2017, brands may have spent over $1 trillion on marketing services to connect with consumers, partners, and team members. If marketers are looking for AI but not finding the right solutions, the first AI platforms to gain mass appeal may drive that $1 trillion significantly higher.

Currently, Widen builds high-performing software that empowers organizations to create compelling, meaningful, and measurable digital experiences. Focused on service and fueled by a global community of users, Widen has the highest customer loyalty in the digital asset management (DAM) industry.

Recommended ReadMediaCom And HYPR Launch Influencer Campaign Optimization Tool to Improve Audience Reach

MAZ Launches The World’s First Content Logistics System: A New Category of Enterprise Software for Content Creators

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MAZ Launches The World's First Content Logistics System: A New Category of Enterprise Software for Content Creators
MAZ Launches The World's First Content Logistics System: A New Category of Enterprise Software for Content Creators

MAZ Was Founded by Former Apple and Adobe Designers and Engineers

New York City-based software company, MAZ, announced that they have launched the world’s first Content Logistics System to solve the issue that all media companies and brands face of delivering their content to an ever-growing/unscalable list of social platforms, devices and operating systems. Content logistics is a brand new category of cloud-based software which addresses the problems in the part of the content supply chain that facilitates the efficient flow between the point of origin and point of consumption.

MAZ, founded by former Apple and Adobe designers and engineers, is used by brands like Bloomberg, Hearst, Condé Nast, USA Today, Outside TV, and hundreds of others.

Brands, media and news companies, TV broadcasters, and organizations, like schools and trade associations, are creating more content than ever before. Instead of needing only to push that content to a single distribution channel, they are tasked with reaching consumers across an ever-expanding multitude of devices and platforms. Most companies solve these content logistics problems by hiring developers to manually build out each distribution output one-by-one, only to find themselves needing to build again and again as new output types inevitably emerge.

Also Read: Shutterstock Launches Suite of Deep Learning-Powered Search Tools Including Reveal, a New Plugin for Google Chrome

Instead, they can now use MAZ, the world’s first Content Logistics System. MAZ partners can manage the processing, filtering, packaging, and shipping of their content to all major outputs, including social media like Twitter and Facebook, voice assistants like Amazon Alexa, news services like Apple News, as well as the ability to create full mobile and TV apps for platforms like iOS, Android, Apple TV and Roku; all from a single system, without any code.

“Every brand today has to somehow get their content to every single distribution channel in order to reach consumers, and there are more and more popping up every year,” said MAZ CEO, Paul Canetti. “This year it’s Alexa, and next year it will be something else. Content logistics is a growing problem, and we have built a solution that truly fulfills the promise of ‘Create once, publish everywhere.’ Not only for outputs that exist today but for the ones yet to come as well.”

Recommended Read: Ask Yourself, What’s Bringing Audiences to Your Website?

To Unlock Mobile’s Potential, Marketers Must Leverage Unstructured Data

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Moore opens Richmond Print Group investing $31 million in industry-leading technology

simplifi-logoUnstructured data, simply stated in advertising terms, is any piece of information or behavioral signal collected in its simplest form. Once an assumption is made about the person behind that data signal and it coalesces with other signals, it then becomes segmented data or a “Data Segment.” This is a form of institutionalized stereotyping common to advertising that was born out of a technical need to generate scale and speed. Data providers, including Google and Facebook, commonly curate vague taxonomies like “auto intenders in Austin, Texas” or “high-income retail enthusiasts.”

Perhaps the recent Cambridge Analytica scandal prompted you to download your Facebook data. Did you recognize yourself? When you take a large number of signals and group them together, you are going to get some stuff right and some stuff wrong. Segments are built on assumptions, and they can be wildly inaccurate. For marketers, that means you are wasting impressions by serving targeted ads to people who don’t actually match your criteria.

Also Read: Simpli.fi’s Geo-Fencing Technology Suite Recognized for Best Use of Location by the Local Search Association

It’s true that audience segments can make workflow faster and scale more easily achieved. These advantages come with an all too common consequence repeated by digital advertising companies campaign after campaign. “We can hit your goals provided you spend enough or let the campaign run longer.”

Unstructured Data Unlocks Important Capabilities on Mobile

The rapid growth of mobile internet access via smartphones has unlocked a significant trove of new unstructured data signals. The most notable is actual GPS data verified by at least 3 of 31 GPS satellites or verified via beacons and more. According to GPS.Gov, typical GPS-enabled smartphones are accurate to within 4.9 Meters or 16 feet under an open sky. So, mobile location data can be very accurate and there is a lot of it!

Research from comScore found that mobile accounts for 69 percent of total digital media time spent, whereas desktop has fallen to less than one-third of digital media time. For advertisers, mobile is a whole new world. Mobile location data tells you where someone is and/or where they have been, which can be like a blinking red light of intent.

But many marketers today are knowingly or unknowingly executing campaigns utilizing mobile location data curated into bulk “audience segments.” This approach is in direct conflict with the potential of accurate location today to produce better campaign performance faster and with fewer impressions. In fact, a recent study found that marketers’ biggest mobile advertising challenge is opaque data: a lack of visibility into the data that was used to define their audience targeting. The fact is that while the location data can be very accurate, most mobile ad networks’ access to data is limited to small subset of mobile users. In the spirit of scale, the granularity of the data gets pooled together into a larger than desired targeting area, typically with users visiting that area over an extended period of time. Hardly precise.

Also Read: Mobile CX Trends: Time for Marketers to Press for More Control

Here’s what you are missing if you don’t have a means for tapping unstructured data.

The Size of Targeting Areas: Geo-Fencing for the Real World

Marketers use geo-fencing to target mobile users within a particular area. The average square footage of a quick service restaurant is between 2,000 – 4,000 square feet and rarely is the rooftop or plotline a perfect square or circle. You know your approach is segmented data if the solution being deployed required a fixed radius that is much larger than the business you intend to target. In fact, many location data companies use fixed-shape geo-fencing products that are some form of grid-based data storage and retrieval.

The world’s most precise location data isn’t very precise if it’s deployed at a size and shape that isn’t what is desired or intended. Geo-fences that use unstructured data make it possible to create custom shapes that are specific to the unique area you desire to target regardless of size. This results in more accurate targeting and fewer wasted impressions.

Also Read: Data 101 to Set Your Data-Driven Marketing Ablaze

The Importance of Data Recency:  When Matters as Much as Where

When you are targeting mobile users, there is a big difference between a prospect who was at a location a few hours ago and one who was there 27 days ago. Recency matters! Location data companies collect time-stamped data from mobile devices. When it is unstructured, marketers can customize their messaging and their bidding strategies based on the recency of when that consumer was in the targeted area. When it is structured, all that data is lumped into the same black box that forces the optimization to treat data that is three minutes old the same as data that is 60 days old.

Let’s say a car dealer wants to create a geo-fence around a competing lot. Someone who was at the location four hours ago is more likely to still be in-market for a new car than someone who visited the lot three weeks ago, so you may want to bid more aggressively for the more recent impression or perhaps serve a different creative message. Factoring recency into your strategy can deliver more cost-effective results than just targeting a broad segment of “auto intenders” who have visited nearby lots within the last 30, 60 or 90 days.

Also Read: What’s Old is New Again, Thanks to More Sophisticated Data

The Cross-Device Promise

When users are on a browser, behavioral data is collected and stored against an ID, and we begin to form a pretty robust understanding of how people are spending their time online. Each mobile device also has an ID, and cross-device matching allows ad tech companies to map the behavioral data they’ve been collecting from browsers to the appropriate mobile ID. This is an oversimplified explanation, but the point is that the potential of cross-device matching allows for an injection of even more unstructured data signals to be used to refine your location-based marketing campaigns.

Let’s say you are a national financial services company with independent financial advisors all over the country. If data is unstructured, you could serve mobile in-app ads to users who are in the vicinity of your local offices and have searched for “financial planning” in the past two weeks.

Marketers value mobile and location data because it’s precise, but you lose so much granularity when you structure it. Using audience segments is the legacy way of approaching audience targeting, but it is time to evolve. Marketers need the ability to execute on the realities of the real world and to refine their strategies on mobile the same way they do in search with keyword data. Without unstructured data, you cannot realize the full promise of mobile.

Recommended Read: Why it’s Time for a Mobile Email Strategy, and How to Get It Cracking

Akamai Announces Akamai Connector, a New Integration with Salesforce Commerce Cloud

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Akamai announces Future of Life Online Challenge, awarding digital innovators $1 million in services

Salesforce Commerce Cloud Customers Can Leverage the New Akamai Connector to Access Akamai’s Web Performance Solutions

Akamai Technologies Inc., one of the world’s largest and trusted cloud delivery platforms, announced the release of the new Akamai Connector for Salesforce Commerce Cloud. Commerce Cloud enables brands to provide personalized experiences for shoppers that span web, mobile, social and in-store. And now, as part of the world’s #1 CRM platform – Salesforce – brands can deliver completely unified experiences for customers that extend beyond commerce to include marketing, customer service and more.

The integration of the new Akamai Connector with Salesforce Commerce Cloud allows organizations to take advantage of Akamai’s Web Performance solutions. Salesforce customers can leverage the new Akamai Connector to achieve end-to-end performance and reliability, with the added benefit of the security protections inherent in Akamai’s globally distributed cloud delivery platform. By using the Akamai Connector, Salesforce customers gain a streamlined way to connect their storefronts to Akamai’s cloud security and web performance solutions, protecting sites, mobile infrastructures and API-driven requests from malicious attacks to help ensure experiences are both optimized and secured.

Also Read: Akamai Survey Shows Increase in Confidence in Live OTT Streaming for Quality Online Video Delivery

In today’s digital economy, consumers do not have the patience for slow performance and will quickly seek out a competitor if the site and app experience is sluggish or unreliable. Akamai Connector is designed to help eCommerce businesses eliminate the complexity and management overhead of layering an alternative Content Delivery Network (CDN) on top of the Salesforce embedded CDN. With improved performance, retailers can minimize the risk of having poorly performing sites and maximize their ability to maximize revenue by delivering the best customer experience possible across the globe.

“We believe the Salesforce and Akamai collaboration opens a wealth of possibility,” said Craig Adams, Vice President Product Management, Web Performance Business Unit, Akamai Technologies. “We’re excited to join forces with Salesforce and offer customers an end-to-end experience with the Akamai Connector to help them protect their business from security threats, unpredictable performance and delivery challenges for doing business online.”

Also Read: Akamai Announces New Enhancements to World’s Largest and Most Trusted Cloud Delivery Platform

“Creating personalized, omnichannel experiences is now more important than ever for brands,” said Mike Wolff, SVP, ISV Sales, Salesforce. “By leveraging the power of Commerce Cloud and the new Akamai Connector, customers can optimize web and mobile app performance and deliver the best experience to their customers as their business grows.”

The Salesforce Commerce Cloud empowers retailers to unify customer experiences across all points of commerce, including web, social, mobile and store. From shopping to fulfillment to customer service, the Commerce Cloud delivers 1-to-1 shopping experiences that consistently delight customers, driving increased engagement, loyalty and conversion. With embedded predictive intelligence and a robust partner ecosystem, the Commerce Cloud helps retailers deliver superior customer experiences for retailers, from planning to launch and beyond.

Recommended Read: Akamai Elects LogMeIn President And CEO Bill Wagner To Board Of Directors

Why Should ‘Grey Area’ Players Fear GDPR?

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Why Should ‘Grey Area’ Players Fear GDPR?
Why Should ‘Grey Area’ Players Fear GDPR?

In This Chat, Optimove’s CEO Pini Yakuel Dove into How GDPR May Affect Marketing and Sales Technologies and the Impact on the US-Based Martech Companies

Brands love to be in the headlines, only if they are making the right kind of news and delighting their customers. What if you lose to GDPR and end up making a news headline anyways… With the biggest disruption to marketing and brand connectivity coming next week, companies are leaving no stone unturned to ensure they are on the right side of GDPR compliance.

US companies are becoming increasingly cautious about how they leverage customer data and will strive to build trust and long-lasting relationships with customers to prove their worth.

In our attempt to further strengthen a marketer’s preparedness for GDPR, we spoke to Pini Yakuel, CEO and Founder of Optimove. In this chat, Pini dove into how GDPR may affect marketing and sales technologies, its impact on the US-based martech companies and much more about marketing campaigns.

Pini Yakuel, CEO, Optimove

Exciting Opportunities and Spiraling Challenges: How do You See Both Ends of the GDPR Spectrum?

I think it (GDPR) is going to force marketers to kick ass at CRM if I would be blunt. Because today, they could get away with still batching and blasting and using those blank marketing techniques. That’s no longer going to be the case because the price of messing up is going to be very high. It’s going to be a big price to pay to lose a customer altogether and forget the customer from all your databases.

What especially makes me excited is the need for more intelligent analysis, and machinery techniques to really understand customer behavior because this is how you’re going to be more creative and start meaningful conversations with customers. This will make them want to keep their email in your list, subscribe to your website or approve a request for personal information. Why? Because they see the value.

Which Marketing and Sales Technologies Would Be Most Affected by GDPR?

Any technology that relies on leveraging customer data to make informed sales and marketing decisions will be most affected by GDPR. This ranges from the technology that populates an advertisement for a product you were just viewing to an email showcasing clothes relevant to the season in your location.

Because customers will now have to grant access to their data much more explicitly and can more easily revoke it, marketers will have to work harder to gain their trust if they want to be granted access to their data.

If brands use data to improve the customer experience and to share relevant, helpful and timely communications, they have nothing to fear from GDPR. If anything, this should serve as a signal that we should all be continuously improving in terms of catering to the customers’ wants and needs.

Why Should ‘Grey Area’ Players Fear GDPR?

To be blunt, the only marketers that should fear GDPR are the grey area players.

GDPR will essentially wipe out the ability to deploy blanket advertising to an unfiltered audience list, which is the life-blood of shady marketers. Customers will be quick to activate their ‘right to be forgotten’ if marketers are using their information poorly or incorrectly. More than ever before, marketers need to be precise, explicit and emotionally intelligent to ensure they are using customer data to actually improve the experience of that customer, or they will be cut off.

As grey area players are known for leveraging customer data only to send these often irrelevant, blanket communications, they will inevitably be caught in the act; customers will take notice and revoke access, leading to these marketers no longer being able to contact customers.

And this is how it should be!

GPPR takes what should be an industry best practice — valuable communications — and puts legislation behind it, making it so there is no longer room for communications that lack value and benefiting customers and marketers alike.

Location-based Marketing and Mobile

Location-based marketing is definitely going to create a gap between what’s possible to do in Europe versus the US in terms of mobile marketing. In terms of who’s going to be impacted, Google versus the ad networks, I think it’s the grey market players and people that sell shady email lists and shady cookie databases.

They’re not a very big part of this industry, money-wise, but they still exist. I think we’re going to see those types of vendors vanish, which is overall a good thing.

How Will GDPR Change the Stakes of “Opt-Out”?

GDPR will completely change the stakes of what it means to “opt-out” of communications from a brand. Today, if a customer opts out of communications, that simply means the brand will no longer send them emails, text messages, direct mail, etc. However, that doesn’t have any effect on their ability to store and keep your data.

When opting out within GDPR, not only will this mean you no longer receive direct communications, but the brand will be legally required to remove your data from all of their systems — a huge and important difference.

Databases, backup drives, email lists — you name it, that data will need to be erased once the consumer opts out. There will be a bigger price to pay for a brand to lose a customer altogether and forget the customer from all of their systems. Essentially, this will put more power into consumers’ hands than ever before — true and absolute control of their data.

How Will GDPR Affect US-Based Companies with No Direct Connection to EU Operations?

No matter if they have business units in Europe or not, US companies are going to have to deal with the increased sensitivity around customer data and how it is used following implementation of GDPR. From the customer perspective, they will be aware of what brands are doing in Europe (as a majority of our favorite brands are global), and if the communications under the new law are in fact providing more value, US customers will ask themselves why they are not receiving the same treatment.

All marketers are going to need to get smarter and ensure that their messages are personalized, relevant and resonant. From the business perspective, there will be a massive impact on how data is used and how its value is perceived.

US companies are becoming increasingly cautious about how they leverage customer data and will strive to build trust and long-lasting relationships with customers to prove their worth.

Apart from the Penalties Levied by the Regulators, What Would Be the Impact of Non-Compliance on Brands?

The only scenarios for noncompliance are negative ones, and penalties from regulators would just be scratching the surface of the problems and controversy a brand would face. If customers know a brand is not complying with GDPR, they are essentially not giving the people the power over their data that they deserve (and have a legal right to) and in a sense, are holding it hostage.

Who would trust that brand?

Many would not, resulting in not only a loss of customers but the loss of trust and reputation. It takes years to build trust with customers, but that trust can be lost in a moment, and possibly never recovered. All relationships, whether it is a friendship or one with your favorite brand, are grounded in trust.

By not complying, brands are telling customers they do not value their trust or perspective. In the end, these brands have a real possibility of falling in with the grey area players I discussed earlier in the minds of consumers.

How Would AI/Machine Learning Rescue Companies from GDPR? Which Companies Are Best Placed to Manage Their GDPR Strategies?

Companies need to get smart about who they are working with. Companies who are science-first and have deep knowledge of data science and artificial intelligence are best placed to manage GDPR as they have the insight and expertise other brands lack. GDPR signals a need for more intelligent analysis and machine learning techniques to deeply understand customer behavior, as many marketers clearly simply do not employ technology needed to truly get to know their customer.

For example, having AI-led customer segmentation based on hyper-specific actions is more apt to succeed than a brand using one blanket customer persona. This is how marketers are going to be more creative and start meaningful, personal conversations with customers, which will hopefully make them keep their email on your list, subscribe to your website or approve a request for personal information.

Why?

Because they see value in the interaction.

MediaCom And HYPR Launch Influencer Campaign Optimization Tool to Improve Audience Reach

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MediaCom And HYPR Launch Influencer Campaign Optimization Tool to Improve Audience Reach
MediaCom And HYPR Launch Influencer Campaign Optimization Tool to Improve Audience Reach

The New Influencer Campaign Optimization Tool Will Enable Advertisers and Marketers to Identify and Improve the Reach and Impact of Their Social Influencer Campaigns by Eliminating Duplicate Audiences Across Influencers

In the latest announcement, MediaCom and HYPR, have announced the joint launch of a new Influencer Optimization Tool — the first of its kind in the influencer marketing industry. HYPR is a leading data-driven influencer platform. Influencer Campaign Optimization Tool was developed jointly with the aim of answering specific needs the parties recognized in the influencer marketing space.

Recommended ReadInfluencer Solutions Will Become a Core Component of the Marketing Stack

Influencer Campaign Optimization Tool Will Eradicate Audience Overlap Across Influencers and Social Networks

Utilizing HYPR’s database of 1 billion social accounts and over 10 million influencer profiles and audience demographic data, and Mediacom’s expertise in digital campaigns and influencer marketing, the new tool enables clients to accurately curate a list of influencers with precise reach across a targeted audience demographic, and — for the first time — eradicates audience overlap across influencers and social networks.

MediaCom APAC Is the Exclusive Partner for the New HYPR Tool

Marketers can now access a one-stop dashboard to view the unique and total number of followers for a curated influencer list, in order to better assess which influencers will result in the best reach and conversions for a particular campaign. With these insights now available, marketers can successfully source the right influencers for activations, for improved ROI on their influencer marketing initiatives. Mediacom APAC is the exclusive partner for the tool.

This pioneering Influencer Campaign Optimization Tool is being piloted with P&G and will be rolled out to other markets over the coming months.

Priyali Kamath, Brand Director, Hair Care, P&G Asia-Pacific, said, “This innovative tool from HYPR and MediaCom brings data-driven insights to influencer selection by identifying and optimizing the KOLs most appropriate to the brand. Typically, we have seen that there is limited factual data on influencers, and selection is often based on qualitative factors like perceived popularity and topical trends. This unique tool removes this ambiguity, eliminating redundancies in the KOL mix. We are excited to be the first to test this in the Philippines.”

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MediaCom’s APAC Global Business Lead for P&G, Nihar Das, added, “We are proud to trial this ground-breaking audience tool on the P&G business first, ultimately helping the world’s biggest advertiser to better understand and optimize their influencer strategies through real, observed data and insights. In doing so, we are setting a new quality benchmark for the future of influencer strategies and metrics, which results in more precise budgeting and greater effectiveness for all marketers.”

At the time of this announcement, Gil Eyal, CEO and Co-Founder of HYPR, said, “The opportunity to work with Mediacom to understand the needs of big players in the influencer space was invaluable.”

Read More: Follow That Puck: Multi-Channel, Multi-Location Marketing Is Moving into the 21st Century… Are You?

Gil added, “Their understanding of the specific challenges that their clients are facing in the space allowed us to customize a solution that will ensure every dollar they spend on influencer marketing is better optimized.”

Currently, HYPR provides the world’s largest and smartest influencer index. Marketers can reach large audiences at scale by targeting influencers based on their audience demographics such as age, location, and interests. Having access to these audience insights is essential to running a successful influencer marketing campaign.

Read More: Is GDPR Really Changing Ad Tech?

Medallia Recognizes World’s Most Innovative Customer Experience Leaders

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Medallia Recognizes World's Most Innovative Customer Experience Leaders
Medallia Recognizes World's Most Innovative Customer Experience Leaders

IBM, Generali, Sage, and Comcast win Medallia Expy Customer Awards

Medallia Inc., the global leader in customer experience management, announced the winners of the first-ever Medallia Expy Customer Awards, recognizing excellence in creating impactful customer experiences. The Medallia Expy Awards reward members of the Medallia community who are innovating and winning through creating impactful experiences for customers and employees. Companies were selected by a panel of judges including Medallia partners Deloitte Digital, LRW, commonFont, and the CXPA.

IBM has built powerful connections with customers across touchpoints to understand their experiences and improve the relationship. IBM won the Engage Every Customer award.

“With interactions ranging from mobile apps to sales touchpoints to technical support, it’s more difficult than ever to keep a pulse on the customer journey. Our customized self-service approach to CX offers the flexibility to provide support around more than 300 product offerings and reach a level understanding of every customer, even those who aren’t actively engaged in providing feedback, and often in advance of interactions through predictive analytics. The results are tremendous: we can measure positive impact on the growth of the business.” Kathy McGettrick, VP Market Development & Insights, IBM.

Also Read: Medallia Wins 2018 Temkin Group Customer Experience Vendor Excellence Award

Generali systematically measures, analyzes, and improves experiences through customer feedback. Generali won the Optimize Every Experience award.

“We’ve successfully implemented and adopted the Generali Group NPS Program to create a differentiated experience for customers, to lean on customer insights to make each touchpoint better, and to grow our business based on the interactions customers have with Generali across the automotive and health insurance businesses. The process of improving the customer experience is never done, and we remain committed to harnessing the power of customer feedback to delight our customers, make structural improvements and use insights to shape the way our business operates.” Hari Shankar Mishra, AVP Customer Service at Future Generali.

Also Read: Medallia Launches Digital Partner Program to Bring Together Voice of Customer and Analytics

Sage drives real-time collaboration and accountability by personalizing data, insights, and workflows for employees to take action. Sage won the Activate Every Employee award.

“To develop the best possible experience requires that everyone in our organisation has a deep understanding of customer demands and pain points, from executives to frontline contact centre employees. Putting in place a structured approach to gathering and utilising real-time feedback has created a major cultural shift, sparking positive changes to the business and creating a greater sense of ownership for the customer experience throughout the organization” John Patterson, VP Customer Experience at Sage.

Also Read: Medallia Expands in Europe to Grow Customer Experience Market

Comcast has succeeded in wiring the entire organization to create a customer-centric culture, systematically driving action, and winning on customer experience. Comcast won the Transform Your Company award.

“Comcast is focused on creating great experiences for our customers and employees by placing their feedback at the center of everything we do. Our customer-centric culture is empowered by the real-time feedback we receive from customers and employees through the Net Promoter System and Medallia solution. This information helps us make the operational, technical, and process improvements needed to continuously improve our customer’s experience.” Graham Tutton, VP NPS Operations at Comcast.

Winners were announced at Experience ’18, the premier global customer experience conference.

Recommended Read: Medallia and Facebook Define Next Generation of Collaborative Customer Experience Management

BounceX Appoints Yiftah Frechter as New Chief Technology Officer

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BounceX Appoints Yiftah Frechter as New Chief Technology Officer
BounceX Appoints Yiftah Frechter as New Chief Technology Officer

Yiftah is a Former Undertone and Sizmek Executive Brings 20 Years of Engineering, Product Management and Leadership Experience to the Company That Created the First Revenue Channel in 10 Years

BounceX, the leading People-Based Marketing (PBM) cloud, has announced Yiftah Frechter as Chief Technology Officer. An expert in marketing, advertising and media technologies, Frechter was formerly Vice President of Engineering at Undertone and Vice President of Research and Development at Sizmek (Mediamind). He also served as the CTO and co-founder of Legolas Media, which was acquired in 2014 by Undertone. Yiftah brings to this new position 20 years of experience scaling global technology platforms.

Read More: Interview with John Nash, Chief Marketing and Strategy Officer, RedPoint Global

At the time of this announcement, Ryan Urban, CEO of BounceX, said, “Yiftah has a proven playbook for taking a company like BounceX through its next several stages of growth. He’s a strategic addition to our leadership team and his appointment is an exciting turbo charge to our expansive growth and vision.”

Yiftah Frechter is a key hire as BounceX expands into new market segments and geographies. BounceX recently announced $37 Million in funding and over the next two years plans to expand to 600 employees globally, with a concentration in its NYC and the UK offices.

Read More: Tealium Leads Industry with Enhanced Privacy and Consent Functionality

In his role as CTO, Yiftah Frechter will continue to evolve the company’s internal strategic technical direction as well as make sure BounceX is providing the best technologies to their elite and dynamic client base. Today, over 350 companies work with BounceX, including world-leading enterprises such as Forever21, Avis, JetBlue, CNN, Uniqlo, and Comcast.

At the time of this announcement, Ryan Urban, CEO of BounceX, said, “Yiftah has a proven playbook for taking a company like BounceX through its next several stages of growth. He’s a strategic addition to our leadership team and his appointment is an exciting turbo charge to our expansive growth and vision.”

Yiftah added, “BounceX is the first new scalable revenue channel in 10 years, and I find that extremely exciting to be a part of. Not only is the platform promising, the culture and team I’m joining are unparalleled.”

Recommended ReadInfluencer Solutions Will Become a Core Component of the Marketing Stack

A lean startup since fruition, the company recently raised $37M in Series B funding and was named one of the Top 50 Highest Rated Private Cloud Companies to Work For by Glassdoor. They are also Inc. 5000’s fastest growing software company in the US and the seventh fastest growing company overall; #5 on Deloitte’s North America Technology Fast 500; #1 in New York for Entrepreneur & Culture IQ’s Top Company Culture; and Crain’s New York Best Place to Work.

 Recommended ReadB2B Buying Disconnect: Are You Targeting the Right Set of Customers?

TechBytes with Julian Morelis, Chief Commercial Officer, MPP Global

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Julian Morelis
Julian Morelis, Chief Commercial Officer - MPP Global

Julian Morelis
Chief Commercial Officer, MPP Global

Companies are preparing for GDPR and the post-GDPR era. With a clear disruption in order of business, it’s time to envision the strategy to ensure that marketing and sales teams are equally prepared for the new state in the tech industry. To better understand the impact of GDPR on the B2B and B2C data marketing companies and how budgeting would be crucial in this battle, we spoke to Julian Morelis, Chief Commercial Officer at MPP Global.

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Tell us about your role at MPP Global and how you got here.

I serve as the Chief Commercial Officer at MPP Global and I have been with the company for just over four years. I started off my journey at MPP Global as the Vice President of Channel & Strategic Alliances and progressed to this role within a year of starting. My remit covers sales, marketing, product, account management, channel and client experience.

How should brands prepare for the post-GDPR era? How would MPP Global’s latest survey help companies to sail through the disruption?

Brands should be preparing for GDPR by implementing the following disciplines:

  • Establishing and implementing a risk committee
  • Appointing a Data Protection Officer
  • Conducting in-depth audits of all systems, applications, databases and third-party suppliers that would come within scope of GDPR compliance
  • Sourcing third-party GDPR specialists to conduct in-depth GDPR readiness assessments on their business
  • Achieving compliance with GDPR codes of conduct yet-to-be published by the Supervisory Authority
  • Achieving certification with yet-to-be published certification bodies that are recognized by the Supervisory Authority

Why is there so much confusion on GDPR?

The GDPR framework is highly complex, as it caters to PII data that can be used in many different ways to commercially target and engage data subjects. It is also very new and there are many areas that still need to be properly defined over the coming months. Keep an eye out for the latest developments from the Article 29 Working Party Guidance.

Would GDPR affect B2B and B2C data marketing companies equally?

Yes, GDPR would apply to any company collecting PII data for professional or commercial purposes aimed at B2B or B2C customers located in the EU, regardless of whether or not the products or services are linked to a payment. GDPR even extends to include companies based outside of the EU that actively sell to businesses or customers located within the EU. An example of this, for instance, is a business located in the US that provides goods or services in:

  • EU languages,
  • EU currencies
  • Or advertises to EU based companies and/or EU based customers.

GDPR doesn’t apply to:

  • Identifiable information related to a business,
  • A deceased person, or
  • The processing of PII data by an individual purely for the purpose of personal or household activity and therefore not connected to a professional or commercial related activity.

Companies are setting aside anywhere between $1k and $10k for GDPR? Which areas would that budget be capitalized in?

Investment in any infrastructure required to become GDPR compliant could potentially be capitalized. Training is also a key investment requirement under the GDPR.

Why was GDPR really necessary given the kind of technologies we have to prevent data breaches?

GDPR was initiated because of the inconsistency in the interpretation, implementation and application of the current EU Data Protection Directive, as well as the rapid development of technology facilitating the large-scale collection and sharing of personally identifiable information (or PII data), together with the fact that customers are more willing to provide their PII data in order to receive a tailored or personalized service.

GDPR will also create a safe and secure framework that protects the rights of customers, which includes the right to:

  • Be informed prior to collection of PII data,
  • Access and change their details,
  • Object,
  • Be forgotten,
  • Transfer their information and
  • Be informed of a breach.

The obligation on businesses will be to:

  • Only collect PII data that is reasonably required to deliver the product or service being provided to the customer
  • Only retain the PII data as long as is necessary to deliver such products or services
  • Avoid collecting unnecessary sensitive information like racial origin, religious belief, sexual orientation, political viewpoints, medical conditions, etc.
  • Treat PII data relating to children as sensitive

GDPR aims to drive economic development by allowing the free movement of PII data within the EU and therefore:

  • Those companies that are willing to embrace this new framework and are prepared to operate in a diligent and responsible manner when providing products or services to customers living within the EU will benefit from this;
  • Those businesses that do not embrace the GDPR framework and act negligently or recklessly will face fines of up to 20 million euros or 4 percent of annual group revenue.

Would GDPR affect the US-based companies with no direct connection with EU operations? If yes, please elaborate.

No, as long as these US companies are not actively targeting, selling or providing services to data subjects residing within the EU.

Which companies would be greatly affected by GDPR?

Companies that use AI, ML and other technologies facilitating the large-scale collection and sharing of PII data in order to deliver their product or service being provided to EU customers will be greatly affected by GDPR.

Apart from penalties levied by the regulators, what would be the impact of non-compliance on brands?

Data breaches could result in:

  • Reputational and business risk of public notifications,
  • Fines of 4 percent of group revenue or 20 million euros, whichever is greater and/or

How would AI/ML rescue companies from GDPR? Which companies are best placed to manage their GDPR strategies?

Initial reviews would suggest that AI/ML would add to the complexity of GDPR rather that rescue companies from it, however it is still very early, so time will tell.

Thanks for chatting with us, Julian.
Stay tuned for more insights on marketing technologies. To participate in our Tech Bytes program, email us at news@martechseries-67ee47.ingress-bonde.easywp.com

Interview with Tomer Tagrin, Co-founder and CEO, Yotpo

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Tomer Tagrin
Interview with Tomer Tagrin, Co founder and CEO at Yotpo

[vc_wp_text]“B2B brands with a larger customer base can absolutely benefit from UGC platforms.”

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[easy-profiles profile_twitter=”https://twitter.com/Yotpo” profile_linkedin=”https://www.linkedin.com/in/tagrin/”]

Tell us about your role at Yotpo and how you got here. What galvanized you to start Yotpo?

I came into this as a consumer, actually. I made a bad purchase of a camera online as a result of trusting fake reviews, and resolved to help others avoid the same fate. In developing Yotpo where I am CEO, my co-founder Omri and I saw the massive opportunity in going beyond just the product page and showcasing UGC across the entire buyer journey, from awareness to consideration to purchase to re-engagement—anywhere a shopper might appreciate that extra bump of confidence from social proof, which is everywhere.

Given the changing dynamic of content monetization technologies, how do you see the User-Generated Content (UGC) industry evolving by 2020?

The basis of our business is the fact that customer content performs better than any other, across millions of commerce interactions showing an average 166% improvement in conversions.

But that’s just the first step.

Brands, in particular, our fast-paced vComm clients, are taking UGC and funneling that feedback right back into their business as valuable consumer intelligence, informing everything from marketing to product development to operations. UGC keeps brands connected and moving at the pace of their consumers, in direct opposition to many disintermediated big-name brands we see floundering today.

By 2020, the commerce industry at large will look more like these vComm brands, “listening” smartly, producing more relevant products, iterating quickly; accepting that customer satisfaction is the emotional currency that defines brand value. That satisfaction is derived from a company’s ability to create an authentic relationship with every single customer, at scale. And it all starts with taking feedback, also at scale, and acting on it to drive measurable growth across the board.

What makes Yotpo different from other UGC platforms?

Unlike our point solution competitors, Yotpo’s core UGC solution offers a completely integrated experience in one platform, giving brands ultimate control over how they collect, display and market with customer content. From one UI, a company can collect, moderate, and publish reviews, manage Q&A, use customer photos and social posts for visual marketing, create and publish UGC Facebook Ads, and track the performance (including sales influence) of every UGC asset.

2018 marks several major advancements to the platform as enabled by artificial intelligence, including the debut of Insights that gives companies the ability to analyze their customers’ feedback at scale, integrations with leading email marketing and other digital marketing platforms, an even provide a smarter review experience for consumers, and much more.

What does your ‘Ideal Customer’ Profile look like? How do you build your audience segments?

If your business sells products or services online then you will most likely fit our ideal customer profile. But what typically characterize our customers are a digital-first strategy and ability to iterate quickly in response to market changes. The Yotpo platform is designed for brands who believe that growth and business success ultimately rests on their ability to create a meaningful relationship with their customers, build community and inspire loyalty; that’s what we enable through UGC.

We have four packages: from basic freemium, to ‘Powerhouse,’ which lets users collect and amplify UGC content, to ‘Visual Marketing,’ which offers a suite of tools to leverage visual content to drive traffic and conversions. The ‘Enterprise’ suite offers all features plus customization, dedicated customer success manager, and access to Insights analysis solution.

Do you see a direct connection between the growth and popularity of the Influencer Marketing and the UGC platforms?

I believe both are rising in influence because, in a world of fake news and dying trust in institutions, consumers are turning to each other, and influencers they choose to believe in, to bring confidence to their buying decisions. Influencers and customers through UGC offer consumers a way to gauge the experience with a brand and its products. However, there are differences in what they communicate. Influencer marketing is closer to advertising, providing an aspirational viewpoint, whereas the focus of UGC is typically the authenticity of the experience. Also, influencer marketing is more one-directional, whereas UGC fosters more of a two-way conversation, a discussion among peers.

How challenging is the UGC landscape? Could B2B companies benefit from UGC platforms too?

The UGC field has relatively low barriers to entry, but there’s a massive disparity in capability. Plenty of out-of-box “review” solutions out there but they won’t actually be able to generate the volume of content a company would need to improve SEO/SEM, on-site conversions, repeat business, etc. UGC can be massively powerful but needs to be managed correctly.

B2B brands with a larger customer base can absolutely benefit from UGC platforms; we have several using our solution to amass a library of “social proof.”

How is the global market for Content Intelligence technology shaping up with the greater maturity of DMPs and AI-driven analytics?

As AI becomes more accessible, it won’t be a fight over who has the best AI, but rather who has the best data. Data will be the most valuable competitive advantage for customers and brands.

How do you see the recent changes in data privacy laws (GDPR) impacting personalized customer experiences in video? How are you preparing for the post-GDPR disruptions?
We’re working towards GDPR compliance and should be finishing up the process soon. It’s important for companies to address security issues, especially around customer experience. Companies that aren’t doing so are making a mistake; globalization and emphasis on consumers’ right to privacy can’t be dismissed.

What challenges do CMOs tackle to make their content marketing decisions work with accurate marketing attribution?

The ability to measure the effectiveness of UGC was a challenge we solved for right away. Especially given the scope of what we affect–acquisition, onsite, purchase, post-purchase, loyalty–we provide thorough analytics on the influence of UGC: on engagement, on ORs, on CTRs, on CPCs, on conversions, on sales…down to the widget, down to the content asset, so that CMOs and other executive stakeholders can better measure ROI.

What startups are you watching/keen on right now?

For a variety of reasons but particularly for the way certain companies disrupt how people engage or interact with each other, I really admire SlackIntercom, and Segment. In retail specifically, the most fascinating are companies that take risks to be at the forefront of commerce. This includes established retailers Amazon, Walmart, as well as our customers–challenger brands like ChubbiesLeesa and Pura Vida.

What marketing and sales automation tools and technologies do you use?
We use Marketo and Yesware. We’ll apply ABM soon.

Could you tell us about a standout digital campaign at Yotpo?

Working with Jake Kassan at MVMT following the company’s launch, we built a program to activate the community voice and build credibility for this new, lower-cost but high-value entrant to the market. Luxury watch buying online was counter to what most consumers had experienced and, to a certain extent, we needed to establish a new category and convince would-be buyers to trust the model. Incorporating reviews and Q&As onsite was an easy way to assure wary consumers. Because the audience couldn’t pick up and feel the product,  peer-to-peer questions and other UGC gave them the confidence to buy. The results were outstanding and have allowed Kassan and the team at MVMT to sell over 100K watches to date.

How do you prepare for an AI-centric world as a business leader?

As much as AI is the buzzword du jour, there have real advancements taking us to new frontiers, and quickly. Remember when Siri first came on the scene not that long ago, how error-riddled that experience was. Today, so many of us are letting both Siri and Alexa enter our personal space, listening to everything we say, involved in so many aspects of our life. Change is coming fast; AI laggards will lose. A key thing to remember is that there won’t be one AI to rule them all, so it’s important to focus on specific use cases and spend time perfecting those. And the people behind the AI are fundamental. There’s increasing competition for AI talent in the US; we’re lucky to attract top-rank data scientists in Tel Aviv, where Yotpo R&D is located.

How do you inspire people to work with technology?

I embrace technology and explore the different ways to leverage it. That said, it’s important not to forget about the human touch when running a technology company given that all humans crave social interaction. I’m proud that our technology enables human interaction in digital experiences.

One word that best describes how you work.

Disruptive.

What apps/software/tools can’t you live without?

Gmail, WhatsApp and Amazon.

What’s your smartest work related shortcut or productivity hack?

Since my kid was born, I haven’t really been able to sleep. I’ve found that you can get actually get a lot of things done at night when the baby’s fussing and you can’t sleep. You can get interesting ideas in such a chaotic environment.

What are you currently reading? (What do you read, and how do you consume information?)

I’ve been listening to a lot of audiobooks recently including Shoe Dog (by the creator of Nike) and Principles (by Ray Dalio).

What’s the best advice you’ve ever received?

One of our board members, former CEO of GoDaddy, told me that effort doesn’t equal results. Therefore, it’s important to make sure everyone is working hard and spending energy, time and passion on things that can make a difference to your customers and employees. In other words, you need to do things that will move the needle.

Something you do better than others – the secret of your success?

I think it’s important to have a sense of humor in tough situations and to have the ability to cope with failure.

Tag the one person in the industry whose answers to these questions you would love to read:

Anil Aggarwal, Founder, Shoptalk

Thank you Tomer! That was fun and hope to see you back on MarTech Series soon.

[vc_tta_tabs][vc_tta_section title=”About Tomer” tab_id=”1501785390157-b58e162d-0ae25a4b-c27aca64-108e51b0-80edaf37-bd3d357a-6c46d712-3b683377-4d8a”]

Tomer Tagrin is the co-founder and CEO of Yotpo, the leading customer content marketing platform for commerce brands. Thousands of businesses — from established companies like Staples and TYR to fast-growing, digitally native brands like UNTUCKit, MVMT Watches and Esurance — use Yotpo to collect and leverage every type of user-generated content to increase trust, social proof and sales. Tagrin was a chip designer for Intel before co-founding Yotpo, and a software engineering major at Tel Aviv University before that. An eCommerce junkie, he passionately believes that great brands are built on happy customers.

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Yotpo Logo
Yotpo is the leading customer content marketing platform for fast-growing direct commerce brands like Away Travel, MVMT Watches, UNTUCKit, and Esurance. With Yotpo, businesses can collect every type of user-generated content and use it to build a stronger brand and better customer experience. Yotpo’s integrated solution brands collect, curate, manage, and respond to user-generated content from a single platform. Through a combination of technology, integrations, and partnerships, Yotpo makes it easy to effectively leverage customer content throughout the buyer journey to increase trust, social proof, and sales. An official partner of Google, Facebook, and Shopify, Yotpo has raised $101 million in funding and has over 300 employees globally.

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[mnky_heading title=”MarTech Interview Series” link=”url:https%3A%2F%2Fmartechseries-67ee47.ingress-bonde.easywp.com%2Fcategory%2Fmts-insights%2Finterviews%2F|||”]

The MTS Martech Interview Series is a fun Q&A style chat which we really enjoy doing with martech leaders. With inspiration from Lifehacker’s How I work interviews, the MarTech Series Interviews follows a two part format On Marketing Technology, and This Is How I Work. The format was chosen because when we decided to start an interview series with the biggest and brightest minds in martech – we wanted to get insight into two areas … one – their ideas on marketing tech and two – insights into the philosophy and methods that make these leaders tick.

SAP Customer Data Cloud Brings Trust to Personalized Marketing Campaigns

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SAP Customer Data Cloud Brings Trust to Personalized Marketing Campaigns
SAP Customer Data Cloud Brings Trust to Personalized Marketing Campaigns

Majority of Marketing Professionals See the Need to Adapt to Regulatory Requirements; Marketers See Regulation as an Opportunity to Increase Customer Loyalty, CMO Council and SAP Hybris Study Shows

SAP SE has released SAP® Customer Data Cloud solutions from Gigya, a unique solution based on a consent-based data model. The solution helps businesses nurture trusted relationships with customers by providing them more transparency and control over the use of their personal data. The latest release demonstrates the legacy Gigya has brought to SAP’s marketing technology roadmap for the future.

Read More: Follow That Puck: Multi-Channel, Multi-Location Marketing Is Moving into the 21st Century… Are You?

SAP Customer Data Cloud Solutions to Satisfy Consumers’ Demand More Transparency and Control

The release of SAP Customer Data Cloud solutions – which includes the SAP Customer Identity, SAP Customer Consent and SAP Customer Profile solutions– comes as consumers demand more transparency and control over how their data is used. With enterprises pressed to comply with local and regional regulations supporting data privacy, SAP Customer Data Cloud is the only set of cloud solutions to help make this possible by connecting the front office to the back office.

“Companies are using a lot of different methods and corresponding third-party data to infer what a customer wants, often resulting in a creepy personal customer experience,” said Alex Atzberger, president, SAP Customer Experience, SAP.

Alex added, “SAP Customer Data Cloud will provide marketers the opportunity to ask about customers’ preferences. If customers know what personal data is being used and they have control over its use, they will be more inclined to allow that data to be used for delivering personalized content and services, ultimately improving their experience.”

Read more: The Art and Science of Retargeting for Marketers in 2018

The Impact of GDPR and SAP Customer Data Data Cloud 

The General Data Protection Regulation (GDPR) goes into effect 25 May 2018. SAP Hybris (SAP) and the CMO Council surveyed 165 marketers across North America, Europe, the Asia-Pacific region, Africa, South America and the Middle East in March and April 2018. Researchers found that three-fourths of marketers surveyed believe the GDPR will increase transparency about how customer data is used, yet just slightly more than half said they have a plan in place to comply with GDPR and are now implementing changes.

 Recommended ReadB2B Buying Disconnect: Are You Targeting the Right Set of Customers?

“Trust is the ultimate currency in today’s digital economy, and GDPR validates this notion,” said Patrick Salyer, CEO, Gigya.

Patrick added, “To successfully connect with the customer, organizations need to identify and engage consumers across channels and know them better in a way that’s respectful of their privacy. Businesses now have the opportunity to turn compliance into a competitive advantage.”

SAP Customer Data Cloud helps organizations increase customer retention and boost brand loyalty by providing a transparent, flexible and secure digital experience. SAP Customer Data Cloud helps to address regional consumer privacy laws, including GDPR, by centrally capturing, managing and synchronizing preferences and consent in accordance to regulations across the digital SAP technology stack throughout the customer lifecycle.

Read More: Fractal Analytics Humanizes AI: Acquires Behavioral Architecture Firm Final Mile

Zendesk Suite Launched for Integrated Omnichannel Customer Experience

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Zendesk Suite Launched for Integrated Omnichannel Customer Experience
Zendesk Suite Launched for Integrated Omnichannel Customer Experience

Zendesk Also Unveils Complementary New Product Offering for Proactive Customer Service Engagement

Zendesk, the leading customer service and engagement platform, has announced the launch of The Zendesk Suite. The Zendesk Suite is a new omnichannel offering that brings together the most popular customer communication channels in one simple package and price to help companies provide a consistent and connected customer experience.

 Recommended ReadB2B Buying Disconnect: Are You Targeting the Right Set of Customers?

In conjunction with the launch of The Zendesk Suite, Zendesk also unveiled Connect – a new product for proactive customer communication. Zendesk Connect enables customer service teams to send automated and timely messages based on a customer’s past actions and preferences. Companies can use Connect to help customers before they ask and to manage customer interactions across different channels.

With the launch of The Zendesk Suite and Connect, Zendesk offers a complete package of integrated products for customer service and engagement.

More About The Zendesk Suite

The Zendesk Suite is a unified offering for multiple customer support channels, designed for companies that want to provide a unified and seamless experience, regardless of how their customers choose to interact with them.

Recommended ReadContextual Content and AI: The New Wingmen for Email Marketing Campaigns

The Suite integrates email, live chat, phone, self-service help centers, and any other channel connected into the platform—including social media. The product offers everything businesses need to allow conversations with customers to move from one channel to another without the customer having to repeat information.

At the time of this announcement, Mikkel Svane, CEO of Zendesk, said, “The best customer service experiences are fast, easy, and let you decide how you want to interact with a company. These experiences get even better if the company knows you well enough to solve problems before you even encounter them.”

Mikkel added, “We built The Zendesk Suite and Connect to give businesses the ability to deliver exactly these experiences for their customers.”

Customer service productivity increases significantly with a unified interface, simplified workflows, better collaboration, and consistent reporting. The ability to have conversations across different channels with full customer context also results in higher customer satisfaction.

Zendesk data shows that compared to companies that did not integrate across channels, companies that take an omnichannel approach have 31 percent lower first-resolution times and customers have 39 percent lower wait times.

“Before Zendesk, we had call centers in Turkey, Argentina, Peru, and Brazil, but they weren’t integrated into a unified ecosystem; we wanted to centralize data so that we could help drive improvements in the business. Our contact centers were not designed around multichannel response, so we didn’t have a way to answer questions coming in through different channels,” said Orlando Gadea, Business Innovation Manager at Stanley Black and Decker.

Orlando added, “We needed something flexible and easy to implement. Zendesk gave us a solution that integrated all channels in the way that we needed.”

By combining Zendesk’s Support, Guide, Chat, and Talk products into one omnichannel offering, Zendesk enables companies to deliver a consistent customer experience when and where it’s needed. Starting at $89 per agent—a 35 percent discount compared to buying Zendesk’s products individually—The Suite helps companies jumpstart their omnichannel strategy and scale operations with less complexity and lower costs.

 Zendesk Connect Brings Together All Previous Customer Actions, Support History, and User Preferences

As the volume of conversations between customers and businesses increases, Zendesk Connect brings together all previous customer actions, support history, and user preferences in one place to provide companies with complete customer context. This aggregated data helps customer support teams scale customer communications with automated, yet personalized real-time messages tailored to a customer’s usage and preferences.

Using Connect, companies can predict customer needs and proactively reach out to address known problems before the customer asks for help. Freshly, a subscription-based food company that delivers healthy, fully prepared meals directly to customers’ doors, uses Connect to send tailored emails as opposed to generic marketing blasts.

“Connect enhances our support team’s capabilities, giving us the power to further personalize our customer experience based on each interaction,” said Colin Crowley, Vice President of Customer Experience at Freshly.

Colin added, “The service provides our team with valuable insight into the information customers need and expect from us, as well as how that impacts each interaction they have with Freshly. As a result, we’re able to focus on providing great experiences and strengthen our relationship with Freshly customers, ultimately leading to increased retention.”

The ability to test which messages have higher engagement rates improves future interactions. With easy access to a customer’s support history, companies can also send offers that either help drive customer loyalty and retention, or help grow the business by introducing products and services that address a customer’s needs.

Kochava SmartLinks: One Dashboard For All Deep Links

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Kochava SmartLinks: One Dashboard For All Deep Links
Kochava SmartLinks: One Dashboard For All Deep Links

Full Support for Universal Links, App Links and Hosting of Landing Pages

Kochava, the industry leader providing holistic measurement solutions for connected devices, announces SmartLinks, a product suite that enables Universal Links and App Links creation, templates for custom-branded landing pages hosted on the platform, and full dynamic routing capabilities.

In mobile marketing, the consumer experience is the top factor to consider. While consumers spend more time on connected devices, and technology evolves for more integrated experiences, they don’t have time for interruptions. When they click on an ad, the last thing anyone wants is a forced redirect to the app store or an error message blocking the intended page.

CEO, Kochava
Charles Manning

“Mobile users don’t want to hit ‘pause’ after biting on an ad by having to download an app or getting an error,” said Kochava CEO, Charles Manning. “Kochava brings all the links marketers use to streamline the user experience under one roof with SmartLinks for creation, tracking, and measuring.”

Also Read: Kochava Introduces Intelligent Consent Management Technology To Streamline GDPR Compliance For Marketers

The suite supports the use of Universal Links (for iOS) and App Links (for Android), where users are sent directly to the intended content regardless of whether they have the app. Those without the app have the option to download from a banner on the page.

Kochava also now hosts landing pages applicable for campaigns marketers run on their owned media channels. In SmartLinks, they can create custom-branded landing pages and craft their brand’s message using a variety of editable templates.

“The ability to craft landing pages hosted on our site allows us to track engagement from an earlier part of the user journey,” he said.

Also Read: Kochava Named LINE Ads Measurement Partner

Traditional URI deep links and URL links remain viable and are accessible in the suite. Marketers can apply these links in an email campaign or post to their own social channels and focus on conversions over how many users install the app and convert. All of these features are trackable by Kochava for use in attribution and cohort segmentation.

“We know that for marketers, campaigns are about conversions more than installs,” Manning said. “Instead of redirecting consumers without a brand’s app to the store, marketers can seamlessly send them to the desired content and then allow them to request to download.”

Lastly, SmartLinks contains Dynamic Routing links, a common way to send users to a specific destination from a brand’s email campaign or owned media channels.

“Dynamic Routing links are optimal for non-paid channels—any medium where marketers can’t target by platform,” Manning said. “Having all these deep links available in one location consolidates marketers’ tasks for ad campaign tracking and measurement.”

Recommended Read: Kochava Intelligence: Business Services Driven by Predictive Analytics and Machine Learning

Smaato Assists IAB to Create the Global In-App GDPR Transparency & Consent Solution for the Mobile Advertising Industry

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Smaato Assists IAB to Create the Global In-App GDPR Transparency & Consent Solution for the Mobile Advertising Industry
Smaato Assists IAB to Create the Global In-App GDPR Transparency & Consent Solution for the Mobile Advertising Industry

Public Consultation Running Until Early June to Add New Implementation Scenario to Framework, Help Companies Meet GDPR Requirements on Disclosure, Legal Bases

Smaato, the leading global real-time advertising platform for mobile publishers and app developers, has announced in parallel with the Interactive Advertising Bureau (IAB) Tech Lab the release of an in-app consent solution to meet the requirements of the General Data Protection Regulation (GDPR). After the IAB Europe Transparency and Consent Framework was implemented in the web environment, Smaato and the IAB Tech Lab, as well as other leading advertising experts, pushed to adopt this approach for the in-app ecosystem. This reference implementation will help the in-app advertising industry, from publishers to technology companies to marketers, comply with the EU’s rules on data protection and privacy — specifically the GDPR which goes into effect on May 25, 2018.

After meeting with members of the IAB Europe at Mobile World Congress in late February, Smaato joined the IAB Europe’s GDPR Implementation Working Group (GIG) and IAB Tech Lab’s GDPR Working Group to help create the in-app solution. IAB Europe and IAB Tech Lab drafted a reference implementation for how consent can be gathered and shared using an industry-wide standardized approach. Whereas other industry leaders have siloed their in-app consent solutions, Smaato and other members of the IAB Tech Lab have provided an open-source framework that is available to all publishers.

Also Read: Smaato Integrates With Amazon Publisher Services to Allow Publishers Access to Premium Global, Mobile-Only Demand

As a data controller, Smaato is the first to support the new solution inside its Android and iOS SDKs. This seamless integration in the Smaato SDKs allows publishers to gather the required user consent for collecting, processing and distributing EU personal data for advertising purposes. Publishers will benefit from the open-source framework, as users will have a better experience by being able to answer and manage consent in just one place inside an app. The demand side will benefit from having a joint solution for both web and in-app enabling easier GDPR-compliant approaches that will improve transparency with users.

“In-app advertising continues to surge and Smaato is in a unique position to help guide the industry. In-app currently accounts for 96% of global ad spending on our platform, so we are always looking for ways to help mobile in-app publishers, technology partners and advertisers,” said Freddy Friedman, CPO at Smaato. “By assisting the IAB Tech Lab in creating this new open-source in-app consent framework, we are not only helping publishers on our platform but publishers and partners everywhere who must comply with the GDPR.”

Also Read: Smaato Partners With Protected Media to Ensure Quality of Online Advertising

“During the public consultation on the initial technical specifications for the Transparency & Consent Framework that ran during March and April, we were frequently asked what the plan was for mobile app implementation,” noted Townsend Feehan, IAB Europe CEO. “It is great to be able to go back to the market so quickly now with a proposed way forward.”

By making the Transparency & Consent Framework open-source, Smaato, IAB Europe and IAB Tech Lab look forward to the near future when the approach and reference implementation are picked up and improved upon by different Consent Management Providers (CMP). In doing so, CMPs will be able to offer adjustable in-app user interfaces and improved user experience. For more information about IAB Europe Transparency and Consent Framework, visit the official IAB GitHub, or to access the Consent In-App APIs, visit the official Smaato GitHub.

Recommended Read: Smaato Serves Record Mobile In-App and Video Impressions in 2017

Adobe Brings Accurate Attribution with Advertising Analytics

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Adobe Brings Accurate Attribution with Advertising Analytics
Adobe Brings Accurate Attribution with Advertising Analytics

New Launch from Adobe Analytics Helps to Understand the Efficiency of Search Advertising Investment into Digital Property

Adobe Analytics has officially announced the integration of their Adobe Analytics Cloud and Adobe Advertising Cloud with Advertising Analytics for Paid Search. This marks a unique integration in Adobe’s marketing technology ecosystem that helps organizations to clearly understand the efficiency of their search advertising investment. This is done by combining offsite advertising tied to context intent with the relevant digital property engagement data within Adobe Analytics.

adobe analytics
via Adobe Analytics

Transparency, combined with time saved, will breathe new life into paid search strategy and ROI improvements.

A recent study has revealed paid search remains one of the most valuable and reliable ways to reach new customers and retain existing ones for most brands. It is estimated that $92.4 billion was spent in 2017 alone on paid search ads. This value clearly proves that many organizations continue to struggle with gaining a holistic view of search performance. This dubious state in search performance reporting ultimately influences strategy (in a negative way), given the incorporation across many different sites and sources.

Adobe’s expansion with the integration between Adobe Analytics Cloud and Adobe Advertising Cloud with Advertising Analytics for Paid Search opens new grounds for organizations to clearly understand their paid search campaigns. This is a first-of-its-kind way for organizations to understand the efficiency of their search advertising investment by combining offsite advertising intent in context with relevant digital property engagement data within Adobe Analytics. It currently includes integrations with Google AdWords, Yahoo! Gemini and Bing Ads, with brands, finally being able to understand the value of accurate attribution.

Organizations can now get relevant and accurate insight into impressions, clicks, cost in addition to the average position and quality score directly within Adobe Analytics.

From there, this data can be leveraged within Adobe’s Analysis Workspace, the flexible canvas that merges creativity and data. Brands can get a high-level, or go granular as needed with drag-and-drop analysis, leveraging new reports and workspaces for advertising dimensions such as accounts, campaigns, groups, ads, keywords and match types which can all be combined with post-click activity. Transparency, combined with time saved, will breathe new life into paid search strategy and ROI improvements.

Recommended ReadContextual Content and AI: The New Wingmen for Email Marketing Campaigns

In a blog, Adobe’s Nate Smith wrote, “Adobe Analytics is the only way for brands to have a complete breakdown of their data to get a full picture of digital behavior. For example, a retailer runs three campaigns on Google, Yahoo! and Bing focused on big-screen TVs leading into Super Bowl Sunday and wants to track the success. The retailer can see in one single place which campaign is generating the most impressions and click activity, and tie these results with existing data such as cart additions, checkouts, and revenue – by the target audience. This is truly the only way the retailer can accurately connect the purchase of a big-screen TV to paid search behavior, given the analysis is able to generate accurate ROI vs. simple vanity metrics.”

Nate also wrote, “Brands today don’t have the luxury of any estimation when it comes to ensuring the customer experience is stellar; especially with the advance of social media – organizations are under the gun to provide the best experience. Data is essential to helping these brands understand which strategies are resonating with their customers, and which are falling flat. While traditionally paid search has been analyzed essentially in a silo, Adobe’s Advertising Analytics for Paid Search helps to orchestrate a marketing campaign more effectively with data-driven decision making.”

The launch of Advertising Analytics for Paid Search complements robust integrations already in place between Adobe Analytics Cloud and Adobe Advertising Cloud. For example, clients that use Adobe Advertising Cloud Search can put Adobe Analytics insights to work in optimizing campaigns, with performance optimization, performance forecasting, and spend recommendations powered by Adobe Sensei. Advertisers can also target paid search ads with audiences from Adobe Analytics.

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Medallia Launches Digital Partner Program to Bring Together Voice of Customer and Analytics

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Medallia Launches Digital Partner Program to Bring Together Voice of Customer and Analytics

Partner Program Enables Companies Get a 360 Degree View of Their Customers to Optimize Digital Customer Experience at Scale

Medallia Inc., the global leader in customer experience management, announced the Medallia for Digital Partner Program to bring together the voice of the customer with analytics data to help brands and companies better understand digital customer behavior and drive business growth. The new program was unveiled today at Experience ’18, the premier global customer experience conference.

“Every brand today employs data analytics to better understand the customer journey, but this data is statistical in nature and only tells part of the story. Voice of customer data is the missing link to truly understanding customers and users,” said Ori Soen, Chief Marketing Officer and GM of Medallia for Digital. “The partner program will help companies integrate Medallia for Digital with their digital technology stack to embed the pulse of the customer in the organization, drive action, and win on customer experience.

Medallia has already established an initial set of partners including SiteTuners, AnalyticsPros, Conversion Rate Experts, and webalytics, who can now integrate and deliver Medallia for Digital insights to their customers. The partner program will help companies integrate Medallia for Digital with their digital technology stack, including Adobe Analytics in Adobe Experience Cloud, which counts Medallia as an official member of the Adobe Exchange partner program, and most recently, Google Analytics, which accredited Medallia for Digital as an official Google Analytics Technology Partner.

Also Read: Medallia Wins 2018 Temkin Group Customer Experience Vendor Excellence Award

“By focusing on analytics data alone, many companies are only getting half the story. With Medallia for Digital, we can offer our clients a complete picture of the customer journey, with both analytics data and actual customer feedback from digital touchpoints which gives our clients an edge, enabling them to model and instrument every touchpoint, systematically measuring and evaluating the experience in order to improve every experience and ultimately grow revenue,” said Holger Tempel, CEO, webalytics.

Integrating voice of customer data alongside analytics data can uncover blind spots and unleash powerful insights to drive business growth and revenue. The ability to filter and segment analytics data by user sentiment, for example, enables digital marketers to focus on the most impactful optimization opportunities. Medallia for Digital customers who integrate VoC and analytics are already seeing significant results, and now with the launch of the Medallia for Digital Partner Program, many more brands can realize similar results.

Recommended Read: Medallia Expands in Europe to Grow Customer Experience Market

Capgemini Report: 85% of Firms Struggle to Comply with GDPR By Deadline, but Opportunity Exists for Organizations Who Get It Right

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Capgemini Report: 85% of Firms Struggle to Comply with GDPR By Deadline, but Opportunity Exists for Organizations Who Get It Right
Capgemini Report: 85% of Firms Struggle to Comply with GDPR By Deadline, but Opportunity Exists for Organizations Who Get It Right

39% of Consumers Have Increased Their Spend by as Much as 24% with Firms That Are Protecting Their Personal Data, says Capgemini Report

With General Data Protection Regulation (GDPR) coming into effect in just over a week from today, 85 percent of firms in Europe and the United States will not be ready on time. Additionally, one in four will not be fully compliant by the end of this year, according to a new report by Capgemini‘s Digital Transformation Institute. “Seizing the GDPR Advantage: From mandate to high-value opportunity” surveyed 1,000 executives and 6,000 consumers across eight markets to explore attitudes to, readiness for, and the opportunities of GDPR.

A race against the GDPR clock

With the May 25th GDPR deadline fast approaching, 63 percent of U.S. respondents said they will be largely or completely compliant. There is a mixed picture across Europe when it comes to readiness. British businesses are the most advanced, despite only 55 percent reporting they will be largely or completely compliant. Spain (54 percent), Germany (51 percent) and the Netherlands (51 percent) are close behind, with Sweden having the most work to do: just 33 percent of Swedish firms will be compliant on time.

The research suggests that some companies are overlooking the business opportunity of GDPR. Nearly one-third of firms are focusing on compliance only: 31 percent report that the focus of their program is to comply with the mandate rather than gain competitive advantage. Furthermore, although non-compliant organizations face fines of up to four percent of annual revenue, nearly 19 percent say ensuring they are prepared is not a priority for them.

Also Read: How to Beat Procrastination with a GDPR Marketing Compliance Plan?

A missed opportunity for boosting the top line

The research suggests that firms who have got ahead of the deadline and invested in compliance and data transparency with consumers are starting to reap the rewards. Of those consumers that are convinced an organization protects their personal data, 39 percent have purchased more products and increased spend with that individual firm as a result.

This increased spend is substantial, with these consumers spending as much as 24 percent more. In addition, 40 percent have transacted more frequently with the organization, either a few times or on a regular basis. The benefits go beyond spending too: 49 percent say that they have shared positive experiences with friends and family, bolstering a firm’s reputation among potential consumers.

Rupert Bedell, CMO of Unum, a leading insurance firm in the US and the UK, said of the benefits of GDPR, “It will encourage marketers to talk to people when they need something and not simply contact them about something they might want. Rather than pushing products using flaky data, we can handle data in a smart way to create magic moments when people really require help.”

Also Read: 3 Reasons Why Marketers Should Welcome GDPR (Other Than Because It’s Required!)

Empowered Individuals

GDPR is also empowering consumers to take action over their own data. Across Europe, 57 percent of individuals say they will take action against an organization if they know a firm is failing to adequately protect their personal data. Of these, more than 70 percent will respond by reducing their spending (71 percent), stopping doing business with them (71 percent) or sharing negative experiences with family and friends (73 percent).

To help counterbalance this, the report highlights that firms need to make sure they recognize the level of trust their customers have in them. Right now this is not the case: almost three quarters (71 percent) of executives believe that consumers will not take any significant action, such as to have their data removed. In addition, eight in 10 say customers trust their organization with the privacy and security of data, but just 52 percent of consumers agree. This misperception means businesses are missing out on the potential bottom-line benefits previously highlighted and only 11 percent are centering their GDPR compliance efforts on customers’ needs.

“Executives now have a great chance to use GDPR to create a customer-first privacy strategy. That business opportunity is significant,” said Willem de Paepe, Global GDPR leader at Capgemini. “Beyond gaining consumer confidence and increased spending, knowing exactly what data is held allows firms to use analytics more effectively and improve operations. Firms will also know which files they must delete, freeing up valuable storage space and reducing some of the $3.3 trillion it will cost to manage data globally by 2020.”

Recommended Read: How Brands and Agencies are Affected by GDPR