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How Marketing Operations Affects Marketing Accountability

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How Marketing Operations Affects Marketing Accountability
PEDOWITZ GROUP
PEDOWITZ GROUP

Describing the role of marketing today is complex.  Just think about it.  What do you call yourself?  What do you call what you do as a profession and I am not talking about your title!  Are you a marketer, a digital marketer, a demand gen marketer, a content marketer, an agile marketer, a marketing technologist, an operations marketer, a modern marketer…..what are you?  This is important because the world of marketing is changing and names have power in terms of your focus, how you are perceived in your company and your career.

Many Names are a Cop Out

All of the names listed above are a cop out.  Marketers love to describe themselves and what they do in terms of the activities they engage in versus the results they drive.  This is the continuous epic fail of the marketing organization.  In today’s world where the customer is in control and marketers are drowning in technology, accountability for financial results is more important than ever.  Does this apply to your marketing organization?

Of course, it does.  Over 80% of CMOs reported feeling intense pressure to show ROI yet less than a third actually do so (The CMO Survey, 2016).  Putting your head in the sand and engaging in uncoordinated marketing activities will not solve this problem.  Pretending that the pressure for financial accountability will go away will not work.  So, what will?

The Rise of The Revenue Marketer

Call yourself what you are accountable for.  Call yourself a Revenue Marketer™.  This is a term I created in 2010 and fully launched in 2011 as part of Marketo’s original Rockstar Roadshow.  When we first used this term in 2010, we would get one of two responses.  Either they would look at us like we had grown a second head or they would say “interesting, tell me more.”  These were the early days of marketing accountability.  Today, the term “Revenue Marketing” is pervasive for those marketers who are bold and confident enough to use it.  But here is what is interesting.  For those marketers who use this term, their company is very clear what they do and the value they bring.  If I find a team using Revenue Marketing, I promise you they are considered part of a larger revenue team and are considered growth drivers in their company.

The Revenue Marketing Journey is Powered by Marketing Operations

To accompany the concept of the Revenue Marketer, I created the Revenue Marketing Journey in 2011.  The model represented a simplistic way to move from being a traditional marketer to a Revenue Marketer.

As we look into 2017 and beyond, this model needs an update.  The role of Marketing Operations (MO) has significantly changed how marketing works and how marketing adopts financial accountability.

 

The first thing you’ll notice on the new model is that Traditional is gone. In our digital world, it is silly to assume marketing is still only doing traditional marketing.  Another significant difference is taking this journey based on a company-wide customer-centric strategy.  This is a game changer for all of the marketing and for the company.  More about this later.  The Lead Generation stage stays the same.  A company is in the lead generation stage when they are batching and blasting e-mails and passing “leads” over to sales.

Enter….Marketing Operations 

The big difference in how marketers take the Revenue Marketing Journey today has to do with the role of MO.  Let me describe for you the hundreds of marketing departments that I have seen without and with a MO capability.  When marketing begins to try to embrace technology and data to change what they do and the value they bring to the company, I’ve seen many failures because marketing has no structure to support this direction.  The marketing group buys bunches of technology (the average number of systems per company is now over 15) and expects right-brain marketers to optimize integrations, data and reporting.  This did NOT happen.  Quite often marketing winds up “borrowing” data, analytical capabilities and technology from other parts of the organization and ends up with slow and less than optimal performance.  Or, they have one “go-to” analytical person who simply is overwhelmed.

Marketing Operations as the Journey Enabler

It’s only been in the last 24 months that we have seen the rise in the marketing operations function as an intentional capability.  In companies that value and nurture this capability, we see marketing driving credible revenue impact in a smart and efficient way.  The MO department, through technology, data, and analytics, enables marketing to accept and deliver on financial KPIs.  MO optimizes process and technology so that marketing can fulfill the promise of being real Revenue Marketers.

So … What is It that You Do Exactly?

As a leader or a member of the MO team, you are the ultimate enabler of marketing accountability in terms of financial measures.  This includes contribution to pipeline, closed business, improved client acquisition and retention, and top line revenue growth.  Thinking and acting in these terms will focus you on metrics that matter to executives, help you lead marketing in the right direction, improve credibility of the marketing team, and set you up for a great career.  Companies want to hire marketing leaders who make a financial difference. Next time someone says, “So, exactly what is it that you do?”  Proudly respond, “I’m a Revenue Marketer.”

Are you ready to start driving revenue?   Download this white paper on “Rise of Marketing Operations” here.

 

TechBytes with Jonathan Opdyke, President, Brand Solutions, Criteo

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Jonathan Opdyke
TechBytes with Jonathan Opdyke, President, Brand Solutions, Criteo

Jonathan Opdyke
President, Brand Solutions, Criteo

In May, Criteo launched the Criteo Direct Bidder, a header bidding technology that directly connects publishers’ inventory to the demand from Criteo’s extensive base of more than 15,000 clients globally. We spoke to Jonathan Opdyke, President, Brand Solutions, Criteo to understand how Criteo plans to tackle the challenges of marketing attribution.

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MTS: Tell us about your role in Criteo and the team you handle?
Jonathan Opdyke: In 2004, I co-founded and ran HookLogic which Criteo purchased nearly a year ago. Today, as President of Brand Solutions at Criteo I’m focused on expanding Criteo Sponsored Products (HookLogic) and adding new products focused on brands by leveraging Criteo’s technology and footprint. Our focus is two-fold: providing performance marketing solutions for brands with closed-loop attribution and helping retailers leverage brand funds to monetize their e-commerce channel and drive new traffic to their sites. Additionally, I oversee corporate development and strategy for Criteo.

MTS: How does Criteo leverage predictive intelligence to connect customer’s offline and online behavior?
Jonathan: Criteo is working to make offline data a larger part of all our solutions, both to improve predictive algorithms and to broaden measurement. Connectivity to offline data starts with leveraging our user graph to onboard offline sales data and achieve a high match rate to online users. The purchase data informs an emerging Criteo feature that dynamically targets ads to recent offline buyers, recommending related products to encourage new online purchases. We are also developing solutions that connect online actions to offline purchase activity, both to increase attribution measurement and to inform predictive models to serve better ads. We see offline data as an underpinning of our recently introduced Commerce Marketing Ecosystem, a growing set of pooled assets designed to help our clients compete. Each year we track over $550 billion in online sales; offline data dramatically changes the scale and potential impact for participants in the ecosystem.

MTS: How would Criteo Commerce Marketing Ecosystem solve the underlying challenges of marketing attribution?
Jonathan: One key component of the Criteo Commerce Marketing Ecosystem is our user graph, built on a voluntary collective of our clients. The user graph enables recognition of the same shoppers across devices and offline, enabling much broader sales attribution as shoppers shop and buy in different places. Most attribution models can’t make these connections.

For brands, that sell across many retailers, attribution has always been a challenge given the sales data is held by the retailers. Criteo Sponsored Products created a virtuous cycle of data sharing by retailers, enabling a unique window into sales data. With Criteo Brand 360, brands can connect advertising to SKU-level sales across retailers, devices, and increasingly to offline channels. This broader attribution gives an extensive view of performance to brands, while increasing brand contribution to retailer monetization and marketing subsidization. The more participants in the ecosystem, the more these benefits accrue to all.

MTS: Could you provide a sneak preview into how Criteo’s Engine which consists of user valuation, kinetic design and product recommendations, simplifies people-based marketing ?
Jonathan: The Criteo Engine starts by valuing a particular user based on their likelihood to click and buy with one of our clients, determining whether it is economically justified to serve them an ad. Kinetic Design builds on-brand ads that are contextually optimized for every consumer and rendered in real-time without the need to define ad sizes or layouts upfront. The Criteo Engine determines which products to recommend to the user based on contextual browsing behavior, showing both products the user looked at and related products they are likely to have an affinity for.

Expansion from our roots in Criteo Dynamic Retargeting to Criteo Sponsored Products and Criteo Predictive Search enables us to touch more points of the customer journey in addition to the programmatic media landscape, to now include personalized ads on ecommerce sites, as well as Google Shopping. Our user graph binds these experiences together, enabling Criteo to deliver both highly personalized and effective ads for our clients, while providing a unified shopper experience.

Finally, the Criteo Engine is evolving to leverage pooled data made possible by client participation in the Criteo Commerce Marketing Ecosystem. In the past, the engine relied on a contextual signal to trigger a campaign, such as a visit to a product page on a website. Increasingly, the engine can learn shopper behaviors and make predictions about their interests, triggering campaigns without a specific in-market signal, such as a suggestion to try a product or brand that is similar to purchases made in the past. Advertiser campaigns become automatically people based, rather than treating people in each environment without knowledge of their behaviors in other environments.

MTS: What’s the future of Predictive Bidding in the e-commerce industry? Do you see it exploding like programmatic advertising by 2020?
Jonathan: We see commerce growing quickly to join search and social as the third major pillar of digital marketing. As commerce accelerates as a marketing medium, more capabilities will become biddable as high demand makes bidding the fairest way to reflect market value. Criteo Sponsored Products pioneered predictive bidding in ecommerce by enabling brands to bid for placement within retail sites. Platforms like Amazon and Alibaba have become vibrant advertising marketplaces. Google Shopping only really took off when it became a biddable marketplace, few retailers paid attention to it when it was free. Ultimately, the market follows the consumer who not only buys online, but researches heavily online before visiting stores. Every digital touchpoint is an opportunity to influence that buying process and the advertising industry is only just beginning to recognize its value.

MTS: How deep is Criteo into AI/ML? How do you see AI/ML transforming commerce marketing in next 4-5 years?
Jonathan: The foundation for our business is machine learning. Our powerful machine learning technology, which we call the Criteo Engine, is our largest research and development focus as a company. It was specifically designed for commerce and has reached an unmatched level of sophistication in transforming shopping data into sales.

As Artificial Intelligence advances, access to large data sets to train predictive models will become increasingly important. The challenge for most ecommerce sites is their volume of accessible data is limited, particularly in comparison to Amazon. This is why Criteo Commerce Marketing Ecosystem is important – not just for the immediate term benefits of more accurate attribution and people-based marketing, but for the future capability to apply vast amounts of data to AI-driven prediction models that will deliver vastly more effective advertising for participants.

MTS: Thanks for chatting with us, Jonathan.
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 Christopher Lynch, Chief Marketing Officer, Cision

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Christopher G. Lynch
Interview with Christopher G. Lynch, Chief Marketing Officer at Cision

[mnky_team name=”Christopher Lynch” position=” Chief Marketing Officer, Cision”][/mnky_team]
[easy-profiles profile_twitter=”https://twitter.com/cglynch” profile_linkedin=”https://www.linkedin.com/in/cglynch/”]
[mnky_testimonial_slider][mnky_testimonial name=”” author_dec=”” position=”Designer”]“Today, most marketing metrics still focus on engagement metrics for engagement metrics’ sake. In comms, the focus tends to be vanity metrics like competitive share of voice.”[/mnky_testimonial][/mnky_testimonial_slider]

On Marketing Technology

MTS: Tell us about your role at Cision and how you got here? (What inspired you to be a part of a media intelligence company?)
I’m Cision’s Chief Marketing Officer, responsible for our global marketing strategy. My team is responsible for digital marketing, PR & communications, product marketing, web strategy, social marketing, customer advocacy and content marketing.

I arrived at Cision based on my experience with marketing and brand strategy for companies that grow through acquisition. If I had a marketing superpower, you might say it’s taking a complex or diverse set of product assets, and developing a story that makes it easy for the general public to understand.

Before Cision, I ran global product marketing for Oracle Marketing Cloud. There, we acquired and integrated products into a portfolio. At Cision, we’re on a similar journey. We’ve spent nearly $2B on technology and services aimed at transforming the way companies do public relations and marketing communications. I’ve assembled a team here that will help our customers understand all the unlocked potential they can get by making their marketing communications programs more targeted and data-driven.

MTS: Given the changing dynamic of online engagement with customers, how do you see marketing analytics platforms for media communications evolving over the next five years?
Moving forward, communicators and marketers will require analytics that show them how their campaigns drove specific business or revenue-generating outcomes. Today, most marketing metrics still focus on engagement metrics for engagement metrics’ sake. In comms, the focus tends to be vanity metrics like competitive share of voice. Now that marketers can track users down to the device or browser, we need to demonstrate how the totality of their interactions drove revenue. The way this will be accomplished is tying marketing analytics to more transactional systems of record, like CRM or ecommerce systems.

MTS: How does CISION’s Visible Intelligence platform ease the burden of social media monitoring?
This capability is now an integrated part of the Cision Communications Cloud, and is purpose-built for communications professionals. Many aspects of social listening and monitoring have become fairly commoditized, so our focus with social in the Comms Cloud is to help brands do two things: first, understand how their target influencers affect customer behavior on social channels; and second, analyze social media results in the context of an overall communications campaign In Cision Comms Cloud, brands can monitor social media alongside traditional media outlets, like print, television, and even radio. We recognize that social media is part of a larger comms strategy, and should be monitored and measured as such – not solely as a standalone function. Because results can be tracked as part of a larger communications campaign strategy, communications professionals will see a more complete picture when analyzing results.

MTS: How does CISION analyze audience data to improve marketing campaigns?
We look at customer and prospect data across a few different variables. The first is based on customer attributes – or simply put, who are we engaging with? Is the person a manager or director versus a VP or c-level executive? Since each requires a different customer experience from our team, we tailor their experiences a little differently. We collect attribute data both implicitly – such as through anonymous cookie tracking – or explicitly based on something they tell us (such as sharing their title during a content download). Just as importantly, we then focus a lot on their behavioral data – or simply put, what does a customer or prospect do? This includes a variety of behaviors that span our paid, owned and earned channels, such as engagement with an ad, attending a webinar, or visiting our website based on specific press coverage.

MTS: With the recent changes in data privacy policies, how do you see audience identification and tracking platforms delivering personalization?
The technology today allows you to deliver a personalized experience to both known and anonymous users across a variety of different channels. You, of course, need to think about the legal and philosophical implications of how you do it. Data can now be tracked down to people’s specific devices and browsers. That is a responsibility that marketers shouldn’t take lightly. In fact, if it’s too good to be true from a privacy perspective, you should assume it is. For me, it’s all about transparency and user empowerment. In all regions around the world, you should give users the ability to opt out. For regions like Europe, you need to be in even more overt about the fact you’re tracking users and you should be absolutely sure you’re in compliance with local rules. To keep yourself honest, you should assume users don’t know because it’ll force you to think carefully about your policies.

MTS: What startups are you watching/keen on right now?
I still think 80% of the marketing world relies on soft engagement metrics to justify their craft. As someone who believes deeply in the art of storytelling, I’m keen on startups that focus on the science of marketing to justify more of those stories being told. I think the first wave of attribution companies made some good faith efforts, but they were riddled with problems as historical things like last-click attribution demonstrated. So anything that improves the marketer’s ability to measure return across their paid, owned and earned channels is compelling.

Another area I’m watching is influencer marketing. It’s interesting to see paid media start to permeate that space. It could just be our society’s celebrity fascination. Either way, I’m skeptical that paying someone to tell your story and calling it “earned media” will be the right bet over time. Most of those influencer marketing services to date have focused on algorithms to show whose influence is important, but I find most of the decision-ing fairly arbitrary and not tied to business outcomes. An influencer marketing tool that lets marketing pull that lever of that program with more transparency would be interesting, as well as the ability to see what earned media it truly generates.

MTS: What tools does your marketing stack consist of in 2017?
Depending on your point of view, my team has been blessed or burdened by the fact I have a few opinions on this one! What’s interesting about our stack is we’re at an interesting inflection point as a business. As we shared at the time of going public, we’re now a $600M+ business in revenue. To support that kind of growth, we’re outgrowing some tools that the team added early on to do some noble use cases, but now simply can’t scale to our environment. For example, we use a leading Marketing Automation platform to manage our lead scoring and customer journey management. While it’s served us well overall, it doesn’t easily route leads to multiple CRM systems without a lot of custom API or services work. We have real reasons – either product, sales org, or geo-related – for managing multiple CRM databases, so that’s a real consideration for me and the VP of digital on my team to consider over time. Elsewhere on the owned media side, we manage a large CMS environment to support the Cision.com and PRNewswire.com experience, along with Adobe Analytics in the background to measure effectiveness.

The earned media side is easy! We obviously use our very own Cision Communications Cloud and Cision Distribution by PR Newswire to instrument our earned media. That includes identifying influencers and media contacts, distributing campaigns via PRNewswire, and monitoring and analyzing how that coverage drove key business outcomes for us.

On the paid side, we do a lot of media buying with Google and some of the big players you’d expect. We haven’t yet gone in the direction of a DMP or DSP internally to manage that part of our media mix, but maybe could be something we explore next year if we see efficiencies can be gained.

MTS: Could you tell us about a standout digital campaign? (Who was your target audience and how did you measure success?)
We embrace digital campaigns that are rooted in a powerful message that can resonate with our target audience across the channels that matter to them – especially earned media, social media, and the other channels where our clients spend their time.  A great example of a digital cross-campaign we orchestrated was the 2017 Cision State of the Media Report.

Both my campaign and content marketing teams developed a plan to create a primary research asset on the state of journalism in North America. Especially in light of the recent presidential election – and the erosion of trust in many journalistic institutions – we knew the timing was right. Our target buyers are people who work in public relations and communications, so issues in media are very important to them. But my digital team was scientific about it, and we identified the personas in our client and prospect segments we knew would get value from the content.  The release of the research was supported by a powerful cross-channel push. That included earned media coverage in key industry pubs, a livestream event with a panel of leading journalists and communications influencers, targeted paid social content syndication across networks, SEM, targeted emails by vertical and persona and efforts throughout the organization to maximize the reach of the content.

The effort helped us more than double the number of engaged leads sourced in March versus the year prior – including capturing leads from our earned media and press release distribution platforms.  Outside of those quantitative demand generation metrics, we were able to capitalize on the momentum of the campaign to continue a dialogue on this key topic in our successful, global events series – the Cision World Tour.  This campaign was the type of effort that helps us cement our credibility with our audience.

MTS: How do you prepare for an AI-centric world as a marketing leader?
I think it comes down to focusing on use cases and not being distracted by the noise of that space. AI, machine learning, predictive, and other such terms are used interchangeably in the MarTech space, which can be hard as a practitioner trying to consume it. Really, some of these are just old data append vendors trying to re-brand themselves. For our business, the account-based marketing use cases are interesting. While everyone gets jazzed about personalization at the 1:1 level, marketing and selling to businesses has the added wrinkle of group decision-making. Analyzing the data of an ideal account and then having your data models automatically adapt to find more accounts just like it is something that can be very laborious for humans to do at scale, so that’s an area I’m interested in where we can do more.

This Is How I Work

MTS: One word that best describes how you work.

Deliberate. I’ve learned that once you get into a c-level role, you need to be extra thoughtful about where you spend your hours. When invited to a meeting or asked for an opinion, I constantly ask myself, “does the team need me to carry this forward?” And if the answer is even remotely no, I move on to something else and trust the amazing people who work for me to handle it.

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

For all the apps out there – and the revolution of mobile devices in general – I still couldn’t live without a little piece of hardware called the Macbook Pro. I know that sounds funny since the first MacBrook Pro is well over a decade old. But I get a new one every three years, and it still adds so much value to me. Even as I progress in my career to a role that’s mostly management, I carve out time for storytelling in the little time I have left over. I still have a low comfort level with anything being ghostwritten for me, so if you read a byline or a blog, you can be sure I wrote it. While everyone loves to hate on PowerPoint, I embrace the fact that corporations are nowhere close to getting off of it, so I treat it like an art form. I craft the majority of my presentations (at least as a first draft) on my Macbook, so the Adobe Creative suite and PowerPoint are vital tools for me.

For apps, certainly all the travel ones are big for me since I’m on the road a lot (Uber, United, SPG, to name a few). I also pay for app subscriptions to access can’t-live-without content. For me, that’s the New York Times, Washington Post, and The Economist. For music, I can’t live without Spotify.

MTS: What’s your smartest work related shortcut or productivity hack?
I put in tough security measures against calendar burglars. We’re a ~3,000 person company, so if you don’t block out times to take care of some deliverables or review your team’s work, you’ll pay the price on nights and weekends. I obviously can’t avoid that all together, but blocking times deliberately helps.

MTS: What are you currently reading? (What do you read, and how do you consume 
information?)
As it relates to books lately, a lot of fiction. It keeps my creativity up because so much of the other reading I either do during my work day is dense (business and tech literature) or depressing (politics). I just finished reading “End of Watch,” a detective story by Stephen King. I love his writing. Though I know modern academia shuns some of his earlier horror works, I think history will look at him as one of America’s greatest writers. Right now, I’m reading “Juliet, Naked” by Nick Hornby. I was a huge fan of his other works, such as “High Fidelity” and “How to Be Good.” He writes human emotion and love in a way that isn’t trite. A hard thing to do for a modern author.

MTS: What’s the best advice you’ve ever received?
When you pick a job, pick a lifestyle. If you just accept that we’re losing grip on work-life balance because of technology and media saturation – and let’s face it, we are – the best you can do is pick a lifestyle that makes you happy within that context. The answer to that whole “do you work to live or live to work” question is really no longer so binary. So I try to look at it this way: My nature is to work really hard, so I might as well have some fun doing it and work with people I enjoy. There are of course life trade-offs with my job. The travel is hard, and it impacts my relationships with those close to me. But on the other hand, I get to lead people I respect, be creative every day, give things to my friends and family that make me happy to give, and pass on things that I’ve learned.

MTS: Something you do better than others – the secret of your success?
I write faster and at a higher quality than most people I encounter in the business world. Especially as we embrace new communication mediums, it’s amazing how hard it is for some people – and I’m talking really smart people I respect – to write a lucid or thoughtful email or message. Having a strong command of both the written and verbally-spoken word has served me well in so many contexts, such as the creative aspects of campaign planning or messaging, developing thought leadership, or content. It also helps me articulate exactly what I mean during more tense business meetings or in the day-to-day communications that happen in between. I’m thorough, if not sometimes exhaustive, in my communications, so it’s hard for people not to understand my intent.

MTS: Tag the one person in the industry whose answers to these questions you would love to read:
Ann Lewnes, the CMO of Adobe. What they’ve built from a marketing perspective is a gold standard in the software industry so far as I’m concerned.

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

[vc_tta_tabs][vc_tta_section title=”About Christopher ” tab_id=”1501785390157-b58e162d-0ae25a4b-c27aca64-108eedec-130b”]

Strategic marketing leader with several years of experience in managing multi-product portfolios, with special emphasis on product positioning, messaging, branding, and actionable go-to-market strategies.

Proven success in developing go-to-market strategies for innovative products in emerging markets, aligning product, sales, demand, corporate marketing, and post-sales functions. Strong ability to craft sophisticated, yet digestible, messaging and content that communicates tangible value to buyers.

[/vc_tta_section][vc_tta_section title=”About Cision” tab_id=”1501785390320-2d44fa50-740c5a4b-c27aca64-108eedec-130b”]

cision logo

Cision is a leading media communication technology and analytics company that enables marketers and communicators to effectively manage their earned media programs in coordination with paid and owned channels to drive business impact.

As the creator of the Cision Communications Cloud, the first-of-its-kind earned media cloud-based platform, Cision has combined cutting-edge data, analytics, technology and services into a unified communication ecosystem that brands can use to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence.

Cision solutions also include market-leading media technologies such as PR Newswire, Gorkana, PRWeb, Help a Reporter Out (HARO) and iContact. Headquartered in Chicago, Cision serves over 100,000 customers in 170 countries and 40 languages worldwide, and maintains offices in North America, Europe, the Middle East, Asia, Latin America and Australia. For more information, visit www.cision.com or follow @Cision on Twitter.

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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.

Treacle on TV: How Search Spikes Can Help Baking Brands Get Noticed in the Unlikely of Places

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Treacle
Treacle on TV How Search Spikes Can Help Baking Brands Get Noticed in the Unlikely of Places

With The Great British Bake Off now back on UK television screens, the baking fever has once again taken hold in the UK. We gasp in wonder watching contestants create intricate masterpieces out of dough, and laugh along at other unfortunate moments like the onset of melting icing. Baking shows like this have become a big part of prime-time television (the latest GBBO series pulling in a record 5.8 million viewers for new broadcaster Channel 4) and viewers are excited by the prospect of recreating these tasty creations for themselves.

As a result, shows like The Great British Bake Off have done wonders for baking brands, inadvertently acting as big ads for ingredients, tools, and products. Recently, UK department store John Lewis (famous for its tear-jerker holiday ads) reported a huge spike in sales for its baking tools, as customers become inspired to do their own baking. The same can be said for other UK retailers, like supermarket chain Tesco, who celebrated an 80% rise in sales for samphire, a sea vegetable, thanks partly to the ingredient being used in recipes in cooking show Sunday Brunch and Saturday Kitchen.

This year, The Great British Bake Off moves from the BBC to commercial-run Channel 4, with Dr. Oetker and Lyle’s Golden Syrup named as the first ever sponsors. It’s the first time that Dr. Oetker has ever sponsored a prime-time TV show. Additionally, this move marks Lyle’s return to TV advertising after over 25 years.

 Spotlight On: Lyle’s & Treacle

No doubt, this partnership will do well to impact Lyle’s brand. With The Great British Bake Off being a popular prime-time show, Lyle’s will be at the front of its target consumer audience. Yet, it’s clear that as we watch popular TV programmes, we are also ‘dual screening’ by searching on our mobiles, with the potential to make a purchase.

At mporium, we carried out some analysis of the search results around the generic term ‘treacle’, noticing that interest in the product can sometimes arise in the most unlikely of places on British TV.

After a character offered another ‘treacle tart’ on 70s sitcom George and Mildred, interest in the product went up at 6:23am. Similarly, chef James Martin explored unique ways of using it as a type of glaze on steak, in James Martin’s French Adventure at 12:40 pm. The product also spiked at 13:08 after a place called Treacle Bolly was featured in an episode of Countryfile.

From this, it’s evident that by identifying these unique TV moments where interest in treacle spikes, treacle brands like Lyle’s can benefit from what is going on.

The Possibilities of Search

 It makes sense then for marketers to advertise brands in search during these ‘micro-moments’ where interest in a product is likely to increase. In order to monetize the opportunity, marketers have the power to turn their adverts on in the real-time search results. By identifying these ‘micro-moments’ brands are able to reach new audiences, and in moments you wouldn’t normally expect – like in a Sunday morning re-run of classic sitcom George and Mildred.

This method not only works for attracting new consumers but maximising exposure of existing ones. Lyle’s may have already invested big money to sponsor the new series of The Great British Bake Off. However, search-based advertising is also a good solution for other brands that may be a little more hesitant to splash the cash.

It is also a way for advertisers to get around the popular programmes that are either placement free or do not have ads. In effect, marketers can still benefit from ‘digital’ product placement by optimising these ads in real-time as potential customers search via their mobile phones.

It’s evident that a £4m sponsorship deal will be effective for Lyle’s to get in front of its consumer audience. However, brands will also need to work with the right technology to identify these moments in order to monetize the opportunity. By placing ads in these key moments, marketers will be able to get ahead and target consumers just as inspiration strikes them.

TechBytes with Niv Yemini, CTO, Bidalgo

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Niv Yemini
TechBytes with Niv Yemini, CTO, Bidalgo

Niv Yemini
CTO, Bidalgo

You can’t beat AI, but you can collaborate with it.

Millions of apps are downloaded every day, but the hard fact is that most of these apps are abandoned or never used even once. A majority of users consider their apps as an integral part of their daily routine. Mobile app marketers rely on AI-based “UI miracles” to acquire new customers and retain existing ones. In 2017, AI is the most efficient way to gain a competitive advantage in mobile-app acquisition. Optimizing your mobile app can open new avenues and markets of opportunities using a mix of creativity, data science, AI and personalized campaigns.

We spoke to Niv Yemini, CTO at Bidalgo to understand how mobile app marketers and advertisers could leverage AI and build their user-acquisition strategies using automation and customer experience management platforms.

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MTS: Tell us about your role and your team at Bidalgo?
Niv Yemini:
I’m the co-founder and CTO at Bidalgo, which means I’m in charge of building all of the technology behind our platform. I manage a 30-person (and growing) team made up of engineers,developers, data scientists and more and they are some of the smartest and most talented people I have ever had the pleasure to know. Our focus is on improving the performance of our AI-based algorithms and identifying new ways to use Artificial Intelligence for smarter, more efficient and more effective app marketing campaigns. It is very exciting to come to work each day never knowing what new insight or discovery someone on the team is going to make.

MTS: How does Bidalgo enable businesses to take advantage of new ad formats?
Niv Yemini: We are official marketing partners for major marketing platforms like Facebook, Instagram, Snapchat and others, which means we typically get exclusive access to new ad formats the second they come out, if not beforehand. So, on one hand, we are working with platform companies and get access to their product betas before they are officially out to the market to understand their new ad formats and how marketers can take advantage of them, and on the other hand our AI technology enables us to quickly master new ad formats by conducting tests, analyzing performance and optimizing results much quicker than other companies are able to do. There’s definitely a first-mover advantage to mastering new ad formats before other marketers can figure them out, so that’s an important benefit that we bring to our clients.

MTS: How important is it for app marketers to utilize a cross-channel approach, and how does Artificial Intelligence help identify opportunities across multiple channels and platforms?
Niv Yemini: App marketers can cover 95 percent of the available and relevant inventory for their targeted audiences by working with major platforms such as Facebook, Instagram, Snapchat, Pinterest, Google, Apple Ads and others. However, they might find that from campaign to campaign or even from day to day, results across these platforms might vary based on market dynamics and campaign strategies. Therefore,it is extremely important that marketers take a unified cross-channel approach in order to make sure they’re getting the best results possible. Using Artificial Intelligence, we help marketers identify and capitalize on opportunities throughout the entire marketing ecosystem by allocating budgets and adjusting ad creative as necessary — something that would be very difficult if not downright impossible to do without the help of AI algorithms.

MTS: Would you provide us a sneak preview into how Bidalgo AI optimizes the media buying cycle?
Niv Yemini: We offer an end-to-end suite of media buying algorithms to optimize the entire media buying process, from uploading ads and improving their performance to handling bid management, budget allocation and more. One of the most important parts of that process is the design and development of ad creative, and we are the first company that uses AI to break down the winning elements of a marketer’s creative assets and provide a data-driven approach to the art of creative design. Our algorithms use advanced image and video recognition technology to examine more than 40 variables and deliver recommendations on how to design new creative that drives the best performance. It also predicts an ad creative’s performance before it even runs, taking much of the guesswork out of creative design, and it uploads new assets as needed based on delivery and performance, enabling marketers to sustain success over time. There’s a lot of decisions that go into not only the creative aspect of app marketing campaigns but every other facet as well, which is why AI is required to help marketers really get the most value from their campaigns.

MTS: How do you see AI improving user-acquisition strategies using automation and customer experience management platforms?
Niv Yemini: The sky’s the limit in terms of how AI can help marketers improve their advertising campaigns as well as the overall customer experience. Anytime you have lots of data and lots of decisions to make, AI can give marketers an advantage over other marketers that are running campaigns manually or making decisions on their own. Our focus is on applying AI to help marketers achieve unparalleled growth quickly, easily and profitably. But we definitely see opportunity for marketers to also apply AI to the customer experience in a way that delivers a more personalized experience and helps drive higher lifetime value.

MTS: Thanks for chatting with us, Niv.
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 Dave Gullo, Co-Founder and CTO, VideoAmp

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Dave Gullo
Interview with Dave Gullo, Co-Founder & CTO, VideoAmp

[mnky_team name=”Dave Gullo” position=” Co-Founder and CTO, VideoAmp”][/mnky_team]
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[mnky_testimonial_slider][mnky_testimonial name=”” author_dec=”” position=”Designer”]“Existing viewability metrics are a reaction to an industry that got too cozy with low quality and often fraudulent traffic sources. In the next two years, more Video will be bought directly, using automation and data.”[/mnky_testimonial][/mnky_testimonial_slider]

On Marketing Technology

MTS: Tell us about your role and how you got here? What inspired you to start a video advertising technology innovation company?
I am the technical co-founder at VideoAmp. VideoAmp Co-Founder and CEO Ross McCray was originally my client at my past company, which was doing high-level technology staff augmentation and R&D for post-series A startups and ad-tech companies. We were both inspired to start VideoAmp to solve the problem of fragmentation between digital and linear.

MTS: Given the changing dynamic of engagement with online customers, how do you see the existing viewability and on-target audience benchmarks for video advertising evolving by 2020?
We look at these two metrics very differently. Existing viewability metrics are a reaction to an industry that got too cozy with low quality and often fraudulent traffic sources. In the next two years, more Video will be bought directly, using automation and data. This changes the dynamic of how the industry should measure viewability – if you are getting guaranteed fill from verified sources, other metrics should matter more.

On target audience as a notion is also changing rapidly. The digital and OTT markets should not just move to a GRP-style buy, it doesn’t serve advertisers or media owners well at all. If the goal of a campaign is to reach SUV buyers, there are much better targeting methods than Adults 25-54. We firmly believe in the rise of advanced currencies: taking first party data and/or verified offline data and use that as your audience proxy. How many of those people did you reach at a 1:1 level? What were the business outcomes that those people delivered?

MTS: Tell us about how VideoAmp created the functional set of TV viewership attributes to drive tune-In lift?
VideoAmp leverages a combination of methods to create the custom audience segments to drive maximum tune-in lift. Through our unique partnership with comScore, we have facility to map their massive footprint of 75M set top boxes (STB)/households (HH) to our proprietary device graph of cookies and device IDs that seeds the viewership data for the addressable custom audience segments. VideoAmp also directly matches Smart TVs with our user graph, through a partnership with TVADSYNC & Vizio, that creates bespoke audiences based on of the industry’s most robust Automated Content Recognition (ACR) seed data. With the largest footprint of seed data, the ability to create custom audiences, and working with our partners on measurement reports, we feel this is the most advanced offering in the market.

MTS: How should advertisers leverage audience attention and conversion analytics to optimize viewability and combat ad fraud challenges?
Fraud is a game of cat and mouse. Whatever metrics we go and chase, fraudsters will find an effective way to spoof these events. We’ve inflated performance benchmarks and scale based on these fraudulent numbers and the industry needs to change that. There is more fraud than is ever reported. Viewability, Clicks, Site Analytics visits, landing page visits, brand surveys etc. are all spoofed.

The industry has to try to look at the conversion metrics only and what’s driving those with a real sale. Additionally, advertisers have to not trust the numbers that look too good to be true and think beyond perceived safety by Excel report.

MTS: With the growing prominence on delivering programmatic capabilities, how does VideoAmp provide true automated buying to its customers?
Unlike other platforms, we do not take a position on inventory or arbitrage in any way. When our customers are buying programmatically, they are truly buying against the market and not another intermediary.

MTS: How does VideoAmp bring to businesses the precise audience measurement analytics across Linear, VOD, OTT, Desktop, and Mobile content?
We have taken the long approach to truly uniting the TV and digital markets. That has to be done with data, and that means combining various ecosystems. We have worked with several key partners such as comScore, Mediaocean, Experian, LiveRamp, and Neustar to scale link TV viewership and ad exposure with digital content and ad behaviors. This ends up in the VideoAmp user graph, which is actually a consumption graph. This allows us to generate analytics using the digital targeting proxy across all these screens. It’s a work in progress as items such as changing IP addresses, and non-consistent device IDs in OTT make it challenging to graph.

MTS: What’s the biggest challenge that CMOs need to tackle to make their media decisions deliver seamless execution across digital and mobile screens?
CMOs have a difficult job. It’s evolved into them being the largest purchaser of technology, and of course, the large-scale budgets on advertising across all mediums. The pressure to show ROI on the tech and media investments is intense. This means they are likely investing in understanding their customers, and target customers, and turning them into digital signals (via a DMP). Now CMOs and their teams have a way to unify how they plan across mediums. Is there an effort to upsell to existing customers, then there should be a separate campaign that should have specific creative and a forecast of how to reach them. Another tactic would be to conquest new customers from a competitor, so let’s suppress the existing customers, and add in targeting for conquesting, and do a forecast and creative tactic for that. Being able to run these types of campaigns and execution across mediums is a requirement for CMOs. Agencies and technology providers must be able to deliver this, or the CMO will quickly move on, they don’t have time.

MTS: What startups are you watching/keen on right now?
While not a startup per se, I am very bullish on what Hackers & Founders is doing to launch “Hacker Coin.” We are also closely watching the evolution of blockchain technologies and their impact on transactions for premium video and TV.

MTS: What tools does your marketing stack consist of in 2017?
Our integrated TV operating system for advertising consists of two major sides: digital and linear.  On the digital side, we incorporate a sizable cross-device graph giving us visibility into users and all of their devices, and we have integrations with all of the major video supply sources, and marketing cloud/DMPS. We have proprietary pre-bid solutions which enable us to optimize on viewability, brand safety, and eliminating sketchy or suspicious inventory.

On the linear side, we work with massive data sets which tell us who watches what across the US, and for which we join to our graph. With this, we are able to deliver use cases which index both directions from digital to linear. This gives us incremental digital plans based off existing TV buying plans, and conversely TV buying plans based off first-party digital data. We also have the only API integration into the Mediaocean National TV systems, this is critical to not disrupt the workflow of allocation, billing, reconciliation, and in closing the loop on performance.

MTS: Could you tell us about a standout digital campaign? (Who was your target audience and how did you measure success?)
Tied to our new Tune-in deck revamp, below is the new case study slide that answers how we measured success which obviously centered around tune-ins along with viewability, VCR and lift. We didn’t have just one successful campaign, but a client across a handful of campaigns so we reached their target audience but that varied by show.

  1. National broadcast turns to VideoAmp to drive tune-in for entire fall line-up.
  2. VideoAmp leveraged it’s exclusive TV data partnerships to create custom audiences based on historical viewership of shows similar to the broadcaster’s fall line-up. Using highly qualified and accurate TV data, coupled with a proprietary cross-device graph, VideoAmp helped the broadcaster reach their target audience anytime, anywhere. Advanced video DSP capabilities – such as impression level fraud and viewability integrations, verified player size targeting, and multidimensional inventory optimizations – ensured each impression was impactful.
  3. The result: Amazing digital video metrics, fantastic lift, and a ton of tune-in.

This Is How I Work

MTS: One word that best describes how you work.
Bulldogging

MTS: What apps/software/tools can’t you live without?
My life is simple. For talent procurement and BD, I use Chrome, Slack, Github, Lever, Gmail and all Google Apps. For technical R&D, I use the Linux terminal, the vim editor, and all command line forms of database tools and diagnostic tools.

MTS: What’s your smartest work related shortcut or productivity hack?
I’m on the phone all the time, so tools like the former “Sunrise Calendar” or MinMax to send multiple options for booking calls is invaluable.

MTS: What are you currently reading? (What do you read, and how do you consume information?)
I am currently reading “Crash Proof 2.0”, by economist Peter Schiff who accurately predicted the 2007 subprime mortgage crisis. As far as information consumption I watch tons of technical and economic information on YouTube, usually at 2x speed.

MTS: What’s the best advice you’ve ever received?
For Business:  “Only a fool would start a company without an exit strategy.”
For Engineering: “Nothing is foolproof because fools are so ingenious.”

MTS: Something you do better than others – the secret of your success?
I disagree with the term “Jack of all Trades, Master of None”. I believe in being a Jack of all Trades, and a Master of Some. In my case, I still actively enjoy programming and systems engineering, and I’m always doing some kind of R&D.

When it comes to recruiting new talent, I reach out as a “Hacker… NOT a recruiter”, and by appealing to engineers as a peer, have been able to direct-hire the vast majority of our team.

MTS: Tag the one person in the industry whose answers to these questions you would love to read:
Tom Chavez – Co-Founder and CEO of Krux

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

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Dave Gullo is a hacker and serial entrepreneur who has remained hands-on with engineering for the web since 1994. Over the past 22 years he has worked across industries such as interactive media, publishing, online advertising, careers, telephony, automotive, ed-tech and has hacked things like optimizing in-flight entertainment systems, ski-resort rental software, a facial-blindness memory game, an interactive shopping mannequin, web browser automation pipelines, “tracking the trackers”, and countless other projects. From 1998 to 2008 he operated snowboards-for-sale.com which was a specialty online snowboard shop which was decimated by the 2008 economic crash.

Since then he has volunteered in the Silicon Valley for 500 Startups as a mentor, with the 106 Miles community, as an EIR at Chapman University, and as an advisor to Hackers & Founders.

Dave is currently the Technical Co-Founder at VideoAmp, a video advertising start-up enabling advertisers and content owners to transact across all screens in our new multi-device world. VideoAmp has raised over $17m across two rounds within 11 months and is known for its reputation in data science being one of the first companies to build their entire stack on Apache Spark.

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VideoAmp
VideoAmp is the world’s first integrated TV operating system to enable advertisers and media owners to transact seamlessly across devices. Our software and data solution enables advertisers to plan, buy, and measure the success of de-duplicated and precisely targeted campaigns that reach linear TV, VOD, OTT, and digital audiences. The linear suite allows for the first time the ability to use digital data for the planning and allocation of upfront TV commitments within existing workflows. This extends to scatter and cross screen initiatives, all within the VideoAmp operating system for buyers and sellers. VideoAmp is backed by European TV giant RTL Group and six other top venture capital firms. For more information, visit www.videoamp.com or follow us on Twitter, Facebook, and LinkedIn.

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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.

A Marketer’s Guide to Measuring Social Success

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Social
A Marketer's Guide to Measuring Social Success

How far would you agree with the statement that everything is taken more seriously when there are measurable and specific outcomes?

In order to gain budget and confidence from others in your marketing strategies, you need to prove how your efforts contribute to the organisation’s business goals. Social media, like other channels, must prove its return on investment. Of course, that’s easier said than done.

Whether you use social media to drive awareness, revenue, customer satisfaction, increase traffic or even generate leads, teams must constantly be tracking the value of the time and resources they’re investing. What is the return?

According to the CMO Survey, social media spending levels have witnessed a 234% increase over this seven-year period, rising from 3.5% of marketing budgets in 2009 to 11.7% in 2016, accounting for 11.7 percent of total marketing budgets. However, still, under 20 percent of marketers say they can prove the impact quantitatively.

However, before we consider measurement, businesses must identify what their ultimate goal is and how social will help achieve it. Depending on whether that goal is an increase in revenue or subscriptions, or simply driving brand awareness, the measurement and strategy will differ enormously.

Marketing Technology News: Mono Solutions Joins Bauer Media Group to Strengthen SME Marketing Services Across the Globe

For impacting the bottom line, you’ll need to look to analytics to examine the gain from certain consumer actions, such as purchases, page views, downloads, or email list signups, which will help you define your social media ROI and prove the value of your social marketing strategy to your organisation. A simple tool, such as Google Analytics can help you track website traffic, on-site conversions, and sign-ups originating from social media campaigns.

However, if your goal is to drive brand awareness, you would measure success against metrics such as audience reach and engagement. For example, to encourage more people to talk about their finances, Legal and General ran a sustained brand awareness campaign around content promotion and community engagement and saw an overall rise  in brand awareness of 7.2% around its first #MoneyHangout activation, that number was magnified for the target demographic of 34-44 year olds with a 20.4% uplift.

To get you thinking, below are a number of ways in which your team can start moving towards successfully measuring the ROI of your social channels:

Set your objectives – The first step in creating a foolproof strategy is to set objectives that align with existing business and department goals.

Choose your social media metrics – Metrics represent how you’re going to measure whether you’re achieving your goals and objectives. Using metrics that directly determine how social media is helping achieve your objectives is important. These could include; reach, audience engagement, site traffic, leads generate, sign-ups, and conversions and revenue generated. Where your metrics are recorded on platforms like Google Analytics, use tracking parameters, e.g. UTM tags, to connect the various elements of your social campaign to the events happening on your site.

Social metrics such as followers, likes, comments, and shares are occasionally called “vanity” metrics, but it’s important not to dismiss them completely, as they gauge the overall health of your social presence.

Report your data simply – To avoid scrambling to try and prove the success of a campaign, choose a template for your report that will help you present your data in a digestible way. A best practice for reporting is to ensure you’re using plain language. Not everyone can speak social data as fluently as you, so it’s important to present information as clearly as possible.

Stick to a timeframe and check your various social media metrics frequently to ensure that your goals are being met. The lifecycle of a social media campaign is often very short, so you need to stay on top of the data as it happens.

Marketing Technology News: Paysafe Announces YouTube Partnership

Make adjustments – The point of tracking your social media ROI isn’t just to prove your social campaigns are valuable, it’s to increase their value over time. Once you are able to identify what works and what doesn’t work for your business’ social channels, go back and take a look at the goals of your specific campaign and evaluate how they support the organisation’s overall goals.

Measuring social ROI helps you identify the gaps in your overall strategy, key messages and content and helps you better understand customer perceptions, preferences, conversations, and motivations. Business are able to learn a great deal through social ROI’s ever evolving process.

By putting frameworks around your social activity, your social media efforts will stay focused on deliverables that contributes to broader business objectives. This filter will ensure activity is being done for a reason, and you can be confident that the measurement you report is both relevant and meaningful, which is the fastest way to getting your social programmes on the map and receiving the stakeholder support they deserve.

Marketing Technology News: Gartner Survey Shows Inside Sales Organizations Risk Losing 24% of Employees This Year

TechBytes with Dr. Mark Grether, CEO, Sizmek

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Dr.-Mark-Grether

Dr. Mark Grether
CEO, Sizmek

Dmexco 2017 witnessed a confluence of digital professionals, marketing leaders, and data science experts from all over the world. The message at the event was clear:  Explore new opportunities within the realm of advertising and focus on transparency independently. Following Sizmeks’ recent acquisition of Rocket Fuel, the programmatic landscape now boasts of a formidable force that delivers a unified integrated, full-funnel solution for agencies and their brands. Sizmek customers can now leverage Data Hub and the combined power of RocketFuel’s Predictive Marketing Platform’s Decision Engine to address key performance objectives across paid, owned and earned media.

We spoke to Dr. Mark Grether, CEO of Sizmek, to understand how he sees his company improvising its programmatic capabilities and what fuels the advertising industry forward into the future.

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MTS: Tell us about your role at Sizmek and how you got here?
Dr. Mark Grether: I’ve been Executive Chairman at Sizmek for close to 9 months, and was recently named CEO with our acquisition of Rocket Fuel. I came to Sizmek with the goal of developing technologies that empower clients’ use of data to not only inform media placement, but to also ensure the delivery of creative that makes an impact on the consumer. Spearheading strategic direction, and growth through the development of new tech, had been my focus in prior roles at some of the world’s largest media agencies, such as GroupM and Xaxis. At Sizmek, I’m focused on providing our clients with solutions that help their data, creative, and media work together across the entire media plan.

MTS: How does Cross-DSP Frequency Capping help ad buyers to illustrate a holistic user focused picture of media plans?
Dr. Mark Grether: Advertisers’ media plans are complex, as they contain several insertion orders (IOs) from numerous providers. While all these IOs result in a wealth of data, it’s highly fractured, making it exceptionally difficult for ad buyers to make informed decisions about who, when, where and how audiences should be engaged. This is precisely where cross-device frequency capping is effective, as it enables brands to maintain ideal ad exposure for each consumer, across the entire media plan.

As for Sizmek in particular, we serve as the central hub for all pre- and post-bid data aggregation as an ad server, so we’re particularly well positioned to allay inefficiencies. The Cross-DSP Frequency Capping Solution helps ad buyers make holistic buying decisions across multiple IOs that are part of the same media plan. Through Data Hub, they can create segments that include the required frequency cap, such as users who have seen an ad with 100 percent viewability in the past two weeks at least two times. Once created, the client activates these segments across all relevant DSPs. Ad buyers can use these segments to target or stay away from, these audiences.

The overall result is less wasted media impressions and dollars, as a user is not exposed to the same ad across different media providers.

MTS: What will media buying look like in 2020? How much of that would be a result of Cross-DSP Frequency Capping?
Dr. Mark Grether: The number of screens audiences are exposed to will continue to grow exponentially, as the Internet of Things takes hold and the number of connected devices they interact with increases. As a result, Cross-DSP Frequency Capping will become increasingly more important as we move forward, and ideal ad exposure should be top of mind for agencies and advertisers looking to optimize their media campaigns. As more and more key players in the industry start thinking about smarter targeting, those who figure out the window of optimal frequency that must be reached to garner the best ROI will have a leg up in the competitive marketplace.

MTS: You had recently talked about the ‘walled garden’. How should advertisers gain maximum value from their media buying in such an ecosystem?
Dr. Mark Grether: Agencies and brands will continue to work with “walled gardens” as they afford massive potential for reaching targeted audiences. So the issue facing the advertising industry today is how best to work with these companies, and around challenges posed with regard to measurement, data management and planning. The answer for marketers lies in technologies that sit on top all environments, walled and non-walled alike. That way, agencies and brands can access a seamless workflow to manage their entire campaign from a single entry point, and are granted the flexibility to be able to use a DMP to fuel even more effective targeting.

Additionally, there is a lot of room outside walled gardens where media buying can take place, and agencies are looking for those alternatives to Facebook, Google, and Amazon. It will continue to remain true that audiences do not access content through a single channel, so opportunities will find them beyond those walls and will continue to be plentiful.

MTS: How would a frequency capping tool impact the programmatic experiences along the customer journey?
Dr. Mark Grether: With cross-device frequency capping, the consumer experience can be greatly improved, across devices. This technology enables brands to do an even better job in reaching audiences with the right message on the right screen at the right time, providing them with the ability to really tell stories through their content, as creative is sequenced and served dynamically depending upon the consumer’s stage in the interaction. It’s more important than ever for brands to have one-on-one conversations with audiences to deliver on the promise digital advertising holds.

MTS: Are brands exposing their programmatic data too much in a bid to optimize media campaigns? How does Sizmek deliver brand safety to brands that are at highest risk to ad frauds and inaccurate metric?
Dr. Mark Grether: Sizmek ensures our clients get the best return for their advertising investment through our brand safety, verification and viewability solutions. In addition, we offer clients access to page-level contextual data, which helps ensure their ads will not be seen alongside unsavory content.

MTS: How do you see AI/ML technologies improving the cross-channel measurements and attribution models? How deep is Sizmek into AI/ML?
Dr. Mark Grether: The ability to anticipate what consumers will react to and engage with is a boon for advertisers that can be attained when AI is applied to real-time decisioning. There is a real need for a player who brings together all the different data assets from the different dimensions. In time, the focus will shift to being able to use AI in the execution of data assets across different channels. AI has the potential to bring you closer to media outlets where you want to reach your consumers.

The acquisition of Rocket Fuel will enhance Sizmek’s market position, as we are bringing together two companies that have very complementary technologies and strengths. Combined, Sizmek and Rocket Fuel bring data enablement, creative optimization, and AI-enabled media execution together to provide clients with the unparalleled ability to maximize campaign performance. This includes the ability to bring together the most vital data components—the campaign, consumer, context, creative, and cost—all on a global scale.  The deal reinforces our leadership position as we create the largest independent buy-side platform in the world, and provides a strong foundation for Sizmek’s future growth.

MTS: Thanks for chatting with us, Mark.
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 Chaitanya Chandrasekar, Co-Founder and CEO at QuanticMind

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Chaitanya Chandrasekar
Interview with Chaitanya Chandrasekar, Co-Founder and CEO at QuanticMind

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[mnky_testimonial_slider][mnky_testimonial name=”” author_dec=”” position=”Designer”]“Customer experience has become mission-critical in marketing. The advertisers that succeed will be the ones that deliver the right message to the right customers over the right channel at the right time.”[/mnky_testimonial][/mnky_testimonial_slider]

On Marketing Technology

MTS: Tell us about your role and how you got here. What inspired you to start an AdTech innovation company?
I’ve been obsessed with data and the insights they provide for as long as I can remember. In particular, I love the the immediate gratification of being able to drive results & decisions by leveraging data and insights. During my time at the NexTag, I knew there was a need for applying data science to the discipline of marketing, which is becoming more and more data-dependent, but seemed to lack a solution to pull actionable insights from the data explosion we are seeing today.

MTS: Given the changing dynamic of search and social engagements, how do you see the marketing automation and analytics market evolving over the next five years?
For a company to succeed today, it needs to be a data company.

Data should be core part of the DNA. However, there’s simply too much data out there for individual human beings to parse. This field has become insanely challenging – today’s marketers must be more multidisciplinary, more astute and more talented than ever.

This is where the power of machine learning-powered automation – which can use the insights derived from the data – can intelligently lift performance from a marketing perspective.

To summarize, I envision marketing automation and analytics to see a proliferation of data and use of machine learning to make sense of that data. We’ll then we able to use this insight to deliver the right experience for our customers & users.

MTS: How should CMOs leverage the customer experience platforms to drive omnichannel campaigns with a greater authority?
Customer experience has become mission-critical in marketing. The advertisers that succeed will be the ones that deliver the right message to the right customers over the right channel at the right time. Others will be ignored, blocked out and potentially see their brand tarnished over time as “that one annoying advertiser” whose irrelevant ads pop up wherever customers go.

This has become increasingly important as ad blocker usage has surged to 30% according to BusinessInsider, and Google itself will be adding a built-in “ad filter” to the most popular browser in America, Chrome, in the near future.

CMOs looking to a customer experience platform should seek solutions that help them provide the right ads for their customers along their decision journey, but understand that they also need the intelligence to consistently locate their prospects at the right point in their journeys to push them through the funnel and eventually convert them to paying customers.

MTS: How should CMOs plan their stack integrations to maximize the benefits from AI assisted conversation and predictive analytics platforms?
I believe CMOs need to have full-funnel visibility for all customer stages, plus comprehensive analytics fueled by data from all sources. There doesn’t exist a solution that compiles marketers’ data from every single source (primary publishers, secondary channels, exogenous sources) and empowers them to create a complete, holistic picture built entirely on empirical data (rather than guesswork and gut feelings), from which they can extract exceptionally accurate, and actionable, insights. Yet.

MTS: What startups in the MarTech ecosystem are you watching/keen on right now?
Cliché answer, I know, but my attention is laser-focused on my own team. I’m incredibly proud of the people we’ve managed to bring together. And I’m humbled by their creativity and dedication every day.

MTS: What tools does your marketing stack consist of in 2017?
We use automation solutions for marketing, sales and email such as Salesforce and Marketo, as well as fairly conventional solutions for task tracking and collaboration, such as JIRA and Slack, as mentioned.

As a rule of thumb, if we find ourselves faced with a time-consuming task that we can only resolve manually, “the hard way,” more than three times or so, we’ll look for a better solution that can save our valuable time and help us focus on the task at hand.

MTS: Could you tell us about a standout digital campaign? (Who was your target audience and how did you measure success)
A few months ago, we added Rosetta Stone to our ever-growing customer list. Despite being a huge, established global brand, like any other savvy advertiser, they were unwilling to settle for the status quo and sought ways to increase their advertising performance. In just 8 weeks, we cut their CPA costs in half, increased their conversions 50%, and lifted their revenue 42% by using our solution’s granular data science algorithms to squeeze out incremental gains across the company’s entire performance marketing portfolio, leading to significant aggregate lift overall. This was a big win for everyone involved and a strong proof of concept for our product.

MTS: How do you prepare for an Artificial Intelligence-centric world as a marketing leader?
I welcome it with open arms. I don’t believe the future is going to be a world of robots and software that completely replace humans, but rather, one where intelligent technology empowers already-talented people to reach the next level of their abilities. In a recent survey we held on our website with the top influencers in marketing, 97% of them basically said the same thing.

This is How I Work

MTS: One word that best describes how you work.
Purposeful.

MTS: What apps/software/tools can’t you live without?
It isn’t completely perfect, but I and my team make good use of Slack as a communications and info sharing tool. The abilities to hold instant conversations, and to archive and search older content, are both very useful for me and my team, particularly for our international offices in Argentina and Canada as we coordinate across different time zones.

I also love WorkFlowy. I would be a mess without it.

MTS: What’s your smartest work related shortcut or productivity hack?
Focus on the core purpose of what you’re doing and hold no process or tool sacred. Is your approach really the most direct and efficient way to accomplish your goal? Or are you just doing what you’re doing “because we’ve always done it that way?”

MTS: What are you currently reading? (What do you read, and how do you consume information?)
I’m currently reading Shoe Dog: A Memoir by the Creator of NIKE. I typically alternate between fiction and non-fiction. I use my Kindle and a RSS reader for digital content.

MTS: What’s the best advice you’ve ever received– your secret sauce?
It’s better to ask for forgiveness than for permission.

MTS: Tag the one person in the industry whose answers to these questions you would love to read:
I’m an admirer of Elon Musk.

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

[vc_tta_tabs][vc_tta_section title=”About Chaitanya” tab_id=”1501785390157-b58e162d-0ae25a4b-c27aca64-108e2b01-0a10″]

Prior to QuanticMind, Chaitanya built and managed the traffic acquisition platform and was part of the Data Science team at NexTag. His experience in the industry and knowledge of platforms led to his co-founding QuanticMind. He strongly believes in the power of data technology, which can help decipher Big Data to unlock new ideas and opportunities. Chaitanya earned his Master of Science in Mechanical Engineering from Stanford University.

[/vc_tta_section][vc_tta_section title=”About QuanticMind” tab_id=”1501785390320-2d44fa50-740c5a4b-c27aca64-108e2b01-0a10″]

QuanticMind Logo

QuanticMind, the Platform for Smarter Advertising, is the pioneer of predictive advertising management software for paid search and social channels. By reinventing ad management point solutions through machine learning, distributed cloud computing, and in-memory processing, QuanticMind delivers the most intelligent, scalable, and fastest platform for maximizing advertising performance for enterprises. A global community of data-driven marketers relies on QuanticMind’s data science-powered platform to anticipate and execute the best and most granular advertising investments. For more information, please visit QuanticMind.com.

[/vc_tta_section][/vc_tta_tabs]
[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.

TechBytes with Rajit Joseph, VP Product, People.ai

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Rajit Joseph
TechBytes with Rajit Joseph, VP Product, People.ai

Rajit Joseph
VP Product, People.ai

Marketing and sales teams continue to find themselves skirting through the challenges of leveraging automation technologies to their fullest potential. Often considered as the ‘Black box” of the business, sales conversations powered by Artificial Intelligence (AI) has a significant impact on the performance of sales teams. In May, predictive intelligence platform for sales, People.ai raised $7 Million Series A funding.

We interviewed Rajit Joseph, VP Product, People.ai to dive deeper into the realm of “AI for Sales” and AI-guided sales management platforms.

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MTS: Do you think AI sales assistants will completely replace humans from the process?
Rajit Joseph: For certain types of selling / buying experience – Yes.

However, some B2B sales for high end products and services will still require a human being involved.  Just that the involvement will be much less than earlier.  Below are few areas of B2B sales where AI led technology is already assisting

  • Buyer will be much more informed about your product and service offerings
  • Sellers can target buyer at the right time
  • Sellers can target the right individual at a large organization
  • Sellers can predict the effort (calories) it takes to close a deal
  • Sellers can get prescribed next best actions to move the deal towards a desired outcome

In summary, I think some B2B sales for high end products and services will be a combination of art (emotional intelligence) and science (artificial intelligence). By automating the easy stuff using AI, sellers will have more time to be more creative, more helpful, and more aware of their relationships with buyers.

Our premise of “AI for Sales” is that the science (AI) part can help you optimize the throughput of your art (EI) to close more deals, win more business, generate more revenue.

MTS: How soon do you think that will happen? Recent research says it’s underway and total takeover will occur by 2030?

Rajit: For certain types of selling/buying experiences this has already happened. During the last 2 decades, we have already witnessed complete elimination of human beings from selling/buying experience especially in e-commerce, and commodities sales. I believe this trend will continue to B2B sales as well for certain products and services which are commodities.

Few advancements in AI guided selling are already happening, as we speak (so will be much earlier than 2030).

MTS: What are the unique aspects of People.ai’s Sales Management platform. How does it help to accelerate AI adoption in sales automation?
Rajit: Our key value propositions are:

  • We help companies grow revenue by automating sales ramp, coaching, & data entry.
  • We help align sales playbooks and marketing programs by solving the “are these leads bad or did sales even touch them?” alignment problem and attributing sales activities to marketing campaigns automatically.
  • We help improve performance of overall team by replicating top performers.

Our Fortune 500 customers currently using the platform are calling it the “Final Frontier” of their Customer 360 initiatives.  We allow people in sales and marketing to focus their time and calories on tasks that require Emotional Intelligence e.g. Account Planning, Relationship Building, Designing ABMs, Hiring, Coaching, Ramping, while AI takes care of mundane tasks like data entry and providing insights to make decisions based on ‘real’ data.

MTS: Tell us about the sales platforms/systems that People.ai can be integrated with?
Rajit: Some of our early research informed us that sales (especially in large enterprises) involve disparate systems, hence from the get-go we built the People.ai Platform on open standards (APIs, Webhooks). We have added capabilities around Admin APIs and SSO/SCIM support as well just to ensure that we play well with the ecosystem of systems that our customers have.

Specifically, we can  integrate with CRM systems (e.g. Salesforce, Dynamics 365), Email/Calendar systems (G-Suite, Office 365), Messaging systems (e.g. Slack, Skype), Dialer Systems (e.g. InsideSales, RingCentral), Conference systems (e.g. Webex, GoToMeeting, Zoom, BlueJeans), Identify Management systems (e.g. Okta, OneLogin, Active Directory) and any applicable source system for sales that supports API based integration (e.g. SalesLoft, Outreach, DocuSign, Xactly).

MTS: Could you share some details on how Text Analytics and NLP integrated to the sales process can enrich lead and demand generation?
Rajit: We have all been at companies where marketing buys leads or generate leads from events and target them with campaigns and get low ROI.  The biggest return for marketing is to target leads that your sales team are already talking to casually. But how does marketing know who  their sales people are talking to?  Sales will never do data entry, or cleansing.  This is where AI-based technologies can assist to synthesize, cleanse and parse data on people (leads, contacts, prospects) and interactions (emails, calls, messages) and provide marketing with a much better list for ABM targetting and higher ROI.

MTS: What are the challenges that CMOs have in adopting AI for their sales automation? How does People.ai make it easy for quick AI adoption?
Rajit: The biggest challenges we have seen CMOs and CROs run into in adopting AI for sales automation is not product or technology related. It is cultural and behavior related. We recently pitched People.ai to CEO of a Fortune 50 insurance company and after our presentation, during Q&A, the CEO only had one question, “how will this help me change my sales culture and take us to the next era of selling?”

Millennials have already started to take up jobs at companies and a lot more will take over jobs in sales and marketing in the next 5 years. These millennials are used to AI being part of their day to day life. From setting their home temperature to figuring out which movie to watch, book to read, music to listen – they are living and breathing AI around them as a consumer (mostly without knowing the AI in play). They are the ones making the final decision, but they expect the insights from data to be delivered to them powered by AI to make the decision. They expect the same, when they go to work.

At People.ai, we believe that every decision about managing your team should be data-driven. We will not be the one making the decision. We will leave that to the people. But we want the decisions to be based on hard data and facts, powered by AI. People.ai aims to bring the cultural change on your organization by providing higher transparency and accountability in sales and marketing teams to everyone in the organization.

MTS: Thanks for chatting with us, Rajit.
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

Super-Shopper Chat Bots Poised To Disrupt E-Commerce

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Chat Bots
Super-Shopper Chat Bots Poised To Disrupt E-Commerce

Bots and AI are disrupting virtually every industry vertical. One of the most impacted will be ecommerce. As bots do the shopping for humans, many old assumptions will crumble leaving massive disruption in its wake.

The current ecommerce industry is built around the assumption of the inefficient human shopper. Humans have limited memory and compute capacity. Humans are creatures of habit, favor the familiar and value convenience. Therefore, ecommerce businesses that are well known brands, that capture and retain credit cards, take fewer clicks to transact, offer automated recurring subscription fees tend to win even if they may not offer the best price or value. Or rather, the perception of value for humans is different.

However, our shopping bots, our intelligent agents, will be completely different. They have effectively unlimited memory and compute, are not swayed by branding and can do repetitive seemingly inconvenient tasks. These intelligent bots will be hyper-rational shoppers optimizing value for their human owner. They will level the playing field between merchants and shoppers by arming consumers with similar tech firepower to save money and increase value.

Bots will make brand and advertising irrelevant. Brands and advertising are artifacts of the limitations of the human mind. The human mind can barely remember a handful of brands at purchase time. Therefore brands spend heavily to buy mindshare. Once shopping decisions are influenced by or delegated to bots, this equation changes. Shopping bots can visit hundreds of merchant bots to find the best product or price. Instead of spending money on human mindshare, brands will be better off investing in improving product or price. Bots will discover even the smallest or newest ecommerce merchant, if they offer better value. Bots such as PennyCat find deals by scouring a large set of merchants.

Bots will render dynamic pricing algorithms irrelevant. Many merchants dynamically raise and lower prices based on anticipated human behavior. However, bots can monitor prices continuously and, in fact, take advantage of dynamic pricing to get a better deal. For example, Waylo and Sentinel are shopping bots that monitor prices continuously so you can buy when the price drops.

Bots make subscriptions irrelevant. Many business models are built around offering subscription services for recurring-use products (e.g. diapers or razors or groceries). They offer consumers the convenience of not having to remember periodically. However, our bots will manage subscriptions themselves. Bots don’t forget. Bots can “keep the refrigerator stocked” while purchasing items from different merchants. That means merchants will have to continue providing better value in every transaction to keep the shopping bot coming back.

Bots eliminate the benefit to the merchant of building a large customer credit card database. Today, consumers are expected to share credit card with every merchant they want to transact with. This causes security concerns, which is why consumers tend to share their cards with just a few merchants that they trust. Therefore, merchants with a large number of credit cards have an advantage in growing wallet share. However, shopping bots will be able to transact with merchant bots without sharing credit cards. Bots may help the user transact anonymously by spawning a transient bot for each transaction. More secure transactions increase the customer’s ability to buy from more merchants than before. This will diminish the value of the lock-in created by accumulating credit cards.

Bots eliminate the need for aggregators and intermediaries. Many ecommerce models are built around aggregation and intermediation (e.g. flight aggregators or hotel aggregators). Shopping bots can do the aggregation by themselves without relying on a 3rd party aggregator. Shopping bots will clearly get better value by cutting out the intermediary. Just as travel agents disappeared when online booking emerged, the current aggregators will disappear when bots are doing the shopping.  Bots like Boltfare can find ridiculously cheap deals by aggregating and monitoring hundreds of sites.

Bots will diminish the value of customer loyalty. Once loyal customers form a habit, it leads to repeat purchases and higher margins for the merchant. Once bots start assisting shoppers, bots will insist on better value from the merchant in exchange for committing loyalty – inverting the economic value of loyalty. Merchants will no longer be able to automatically assume loyal customers making a repeat purchase out of habit – they will have to continuously deliver value in every transaction.

Bots will upend popular shopping traditions. Promotions such as Black Friday or Spring Sales attract customers into the store; once they’re in the store they tend to stay longer and buy more stuff. What if every purchase decision gets made independently based on value. What if the promotion on one item does not translate into additional purchases? Bots work 24×7 and will not need to wait for the long weekend to shop. We’ve already seen “Black Friday” being converted to “Cyber Monday” with the rise of human-driven ecommerce; this will further morph into “Bot Everyday” with the rise of bot-driven ecommerce.

Bots eliminate many supposed “barriers to entry”. Ecommerce companies built many barriers to entry by engineering their service to arbitrage human psychology. The mantra was to offer convenience, selection and price. Now, the very nature of the shopper is about to change: the new customer is a super shopper, an economically rational actor with practically infinite information, memory and compute capabilities. They will not care about convenience or selection – they can take care of it themselves. The only way to appease them will be to deliver better quality or price.

Of course, there will still be economies of scale on the manufacturing and fulfillment side creating to charge a premium. However, many of the current models built around human shopping habits will be disrupted, creating opportunities and threats for all current players. While the first wave of commerce disruption was driven by tech-powered merchants, this next wave of disruption will be driven by tech-powered shoppers, with perhaps even more significant implications.

Interview with Thomas Madsen-Mygdal, Co-founder and CEO, TwentyThree

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Thomas Madsen-Mygdal
Interview with Thomas Madsen-Mygdal, Co-founder & CEO at TwentyThree

[mnky_team name=”Thomas Madsen-Mygdal” position=” Co-founder and CEO, TwentyThree”][/mnky_team]
[easy-profiles profile_twitter=”https://twitter.com/mygdal” profile_linkedin=”https://www.linkedin.com/in/mygdal/?ppe=1″]
[mnky_testimonial_slider][mnky_testimonial name=”” author_dec=”” position=”Designer”]“The main trend we’re seeing and driving is video integration being a core element of a company’s marketing stack. We’re seeing a trend in harnessing and supporting all the employees working and communicating with video.”[/mnky_testimonial][/mnky_testimonial_slider]

On Marketing Technology

MTS: Tell us about your role and how you got here? (What inspired you to be a part of a technology innovation company?)
I’m currently the CEO and Founder of TwentyThree, a video marketing automation platform. Having been a part of the tech scene in Copenhagen for over 20 years, I’ve become very passionate about building companies here and expanding the overall tech scene through communities like #CPHFTW.

MTS: Given the changing dynamic of engagement with the online customers, how do you see video marketing platforms evolving in the years to come?
Second to in-person conversations, video is the strongest communication method we have. The main trend we’re seeing and driving is video integration being a core element of a company’s marketing stack. We’re seeing a trend in harnessing and supporting all the employees working and communicating with video.

MTS: How should video marketers leverage audience attention and conversion analytics tools to better the omnichannel experience?
Just as they do with all other communication elements. Video has long been a second level citizen of the marketing stack, relying on vanity metrics like views. With video marketing platforms, we’re seeing the change that is necessary to properly measure and analyze video content.

MTS: How should marketers plan the adoption of video-based content personalization for account-based marketing?
Test, test, test, and then test some more. We’re supporting a lot of customers in experimenting and validating before implementing a video ABM strategy.

MTS: What is the biggest challenge that CMOs need to tackle to make their social selling decisions work with video marketing attribution?
Empowerment of their organizations to access and use the right updated video material.

MTS: What startups are you watching/keen on right now?
Corti, an AI startup supporting 911 staff members to save lives.

MTS: What tools does your marketing stack consist of in 2017?
The TwentyThree marketing stack consists of Marketing Automation Software (HubSpot), that integrates with our video marketing automation platform for videos, live events, and webinars, along with data enrichment tools such as Clearbit and Zappier when we need to create an integration between the tools. We use Intercom for direct connection with our customers and prospects. We use Trello for project management and planning, Slack for internal communication and collaboration and Podio for documentation. For SEO and digital advertizing, we use Moz, Google Adwords, LinkedIn Sponsored Updates, AmpLive, Twitter and Facebook advertisement.

MTS: Could you tell us about a standout digital campaign? (Who was your target audience and how did you measure success)
We are trying to sell to marketers, and to stand out in today’s digital marketing noise you’ve got to be doing something smart and something that proves instant value for the prospect. Our marketing campaigns consist of being the best at what we sell, which is video marketing automation and management. If we post a blog post, it also features a video because that’s what we’re asking our customers to do. A standard digital campaign will have few steps: create strategy for the campaign, come with measurable goals and objectives, create the content and execute, promote and optimize.

MTS: How do you prepare for an AI-centric world as a marketing leader?
Keep focusing on the ultimate differentiator that is the heart and soul – technology is just empowering us with greater capabilities and data.

This Is How I Work

MTS: One word that best describes how you work.
Collaborate.

MTS: What apps/software/tools can’t you live without?
My laptop, old school.

MTS: What’s your smartest work related shortcut or productivity hack?
Blocking days to actually create and think.

MTS: What’s the best advice you’ve ever received?
It’s hard to pinpoint one specific piece of advice, but I do know I should’ve listened better along the way.

MTS: Something you do better than others – the secret of your success?
I’ll leave that for others to describe.

MTS: Tag the one person in the industry whose answers to these questions you would love to read:
Rand Fishkin, the Founder of Moz

MTS: Thank you, Thomas! That was fun and hope to see you back on MarTech Series soon.

[vc_tta_tabs][vc_tta_section title=”About Thomas” tab_id=”1501785390157-b58e162d-0ae25a4b-c27aca64-108ef042-3ebc”]

Thomas is the co-founder of Twenty Three, a video marketing platform. Thomas is interested in wifi, social software, weblogs, mblogs, photo sharing, and bootstrapping.

[/vc_tta_section][vc_tta_section title=”About TwentyThree” tab_id=”1501785390320-2d44fa50-740c5a4b-c27aca64-108ef042-3ebc”]

TwentyThree

TwentyThree, The Video Marketing Platform, is the innovator in video marketing. The platform was founded by Thomas Madsen-Mygdal and Steffen Christensen, with offices in Copenhagen and San Francisco. The video marketing platform is used by hundreds of leading digital marketers globally to run and optimize their video across social and inbound platforms. The upcoming video marketing automation release is already increasing leadgen by 50% at early preview customers.

[/vc_tta_section][/vc_tta_tabs]
[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.

How to Use Twitter to Find Sales Prospects and Generate New Leads for B2B Companies

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Twitter
How to Use Twitter to Find Sales Prospects and Generate New Leads for B2B Companies

By truly harnessing the power of Twitter and other social networks, B2B companies can identify new sales prospects, nurture them through direct communication, and convert them into qualified leads that have a higher chance of becoming customers.

But, how can you turn Twitter followers into leads? In this article, I’ll discuss how B2B companies can use an approach of proactive social outreach to transform Twitter into a reliable source of quality leads.

Demand Generation and Social Prospecting

Before delving into lead generation through Twitter, let’s get on the same page about a few basic terms.  Demand generation is defined as the actions you take to drive awareness and interest in your organization’s services or products, and it’s commonly used in longer buying cycles and B2B transactions.

Social prospecting is the process of identifying potential B2B leads for your business through social media. Keep in mind that prospecting relies on listening to what users have to say in order to identify their interests. Then, once you’ve identified the audience who are interested in your product category, you’ll want to engage them in the right context. This is what proactive social outreach is all about.

Marketing Technology News: Paysafe Announces YouTube Partnership

Using Twitter for Lead Generation

Since it was first launched in 2006, Twitter has become the second leading social media platform used today. This is why 87% of business marketers already use Twitter as part of their marketing mix.

B2B Content Marketing by Content Marketing Institute
via B2B Content Marketing by Content Marketing Institute

Twitter isn’t just a place to post your content and engage with users one-by-one. This platform actually offers a superb channel for finding B2B prospect at scale and turning them into leads. Twitter provides two unique advantages as a lead generation channel:

  1. You can easily identify your target audience on Twitter because all profiles and tweets are considered public data
  2. There are multiples ways to engage with people on Twitter and promote your business.

Twitter has a myriad of advertising options and they’ve allowed third-parties build applications on top of its dataset to facilitate lead generation.

It’s hard to stand out on Twitter just by tweeting. To generate leads, you also need to do the following:

Target the Right Segment

To help you identify your ideal market segment, you can look at the keywords they use in their tweets and who they are following. Actions taken on Twitter that shine a light on prospects’ interests and pain points include:

– Mentions of specific topics or pain points your company can solve

– Engagement or mentions of influencers and companies complementary to yours

– Using hashtags for upcoming conferences in your industry

– Follows, mentions and replies to the Twitter handles of your company or executives

– Follows, mentions or replies to your competition

Since these people are already showing interest in your space, they’re much more receptive to having a conversation with you.

Marketing Technology News: Gartner Survey Shows Inside Sales Organizations Risk Losing 24% of Employees This Year

Engage With Your Target Audience in Context 

Once you identify your target audience, you should engage them in a timely manner and make sure you provide a lot of value in your messages.

With social lead generation software, you can follow your target audience on Twitter automatically. If they return the follow, you can send them direct messages (DMs) that can be personalized according to the information you already have (i.e. the relevant keyword used in a recent tweet). These messages can feature links that send prospects to a landing page for a whitepaper or webinar on your website, so that you can add new leads to your database.

Kaseya, a leading provider of IT management solutions, took this approach and was able to grow their Twitter presence by 58%, from 18,800 Twitter followers to over 29,670 followers within the last 12 months.

To find the audience who would be most receptive to their offers, they searched for IT Directors, IT managers and CIOs who have taken actions such as:

– Mention a technology topic (i.e. Active Directory, mobile dev, managed services)

– Follow or engage with IT influencers (i.e. @CIOMagazine, @CIOOnline, @InformationWeek)

– Follow or engage with a cloud infrastructure player (i.e. @Azure)

Then, they set up an automated campaign to engage this audience on Twitter. Once a person follows Kaseya back, the campaign would send out a personalized direct message (DM) that features a top-of-funnel whitepaper an IT professional may be interested in.  For example, a white paper featuring benchmarking data on IT operations – to pique their interest in what their industry peers are doing.

Once a lead downloads a whitepaper, they’re added to Kaseya’s marketing database and are nurtured through a series of emails until they take enough actions to go over the Marketing Qualified Lead threshold.

You don’t have to wait until someone responds to your Twitter direct message to reach out to them.

Although Kaseya only emailed the leads who filled out a form to download a whitepaper, you can also reach out to new leads through email as soon as they follow your brand on Twitter.

Social lead generation software will pull lead information, such as corporate email address, company name, and company size for the leads in your campaign. You can sync the lead information into your marketing automation platform or CRM automatically, and use this data to craft email campaigns to move leads down your funnel.

This two-pronged approach works because you are connecting with people in context, when your brand is still top of mind. Our marketing team found that when we send a new Twitter follower a personalized “Just reaching out” email in the first 24 hours after they follow us, this email gets double the open rate compared to our typical nurture emails.

Set KPIs for Your Sales Funnel

If you want to your Twitter lead generation campaign to work, you’ll need to set tangible objectives with funnel-specific KPIs that help you gauge the success of your efforts. These are some metrics to look at:

  • Number of website visitors coming from Twitter
  • Form fills acquired from Twitter visitors
  • Conversions generated
  • Number of website visitors coming from Twitter
  • Leads from Twitter that are becoming Marketing Qualified Leads or Sales Opportunities

Additionally, if you’re gaining relevant followers on Twitter, you should start to see greater engagement with your content on Twitter, in terms of shares and retweets per post.

When you use social lead generation software, you’ll be able to see metrics like keyword success rate on a keyword by keyword level, allowing you to optimize your campaign and get better results. You can launch your campaign and let it run on a continuous basis, and you receive new leads in your email marketing or CRM system every day.

In Conclusion

Twitter offers one of the most effective demand and lead generation channels available to B2B marketers and its value goes beyond content distribution. By using social lead generation software, you can turn Twitter into a lead generating machine and build the pipeline to boost the health of your sales funnel.

Marketing Technology News: Airbnb Introduces New Search Capabilities for Business Trips

3 Tips for Emerging from the Data Swamp Victorious

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Data Swamp
3 Tips for Emerging from the Data Swamp Victorious

Did you know it’s estimated that bad data cost US companies $3.1 trillion in 2016? Many sales teams are entering data into their systems manually, leaving data sets muddied, duplicated and inaccurate. This is a huge problem for sales teams, as their jobs depend on having reliable and easy to access data at their fingertips. If not, their prospecting will quickly go to the wayside. This is where the struggle starts for many sales departments.

Today’s sales technologies allow organizations to measure almost anything, causing sales leaders to lose sight of what is really driving sales and reps to get lost in the large amount of metrics provided. To ensure you’re leading your sales department to success through accurate data, it’s crucial to find the metrics that matter most. Whether using the data to identify the best time to call a prospect or the type of outreach method a prospect prefers, the answers are in your data so long as it’s organized and you know where to look for it.

Here are three best practices when it comes to collecting and utilizing loads of sales data coming in daily:

  1. Collect all the data you can: One problem organizations often run into is that once they collect a significant amount of data, they aren’t sure how to process it. Instead of having to sort through data to find what works and what doesn’t, they selectively collect data leaving them short of information that can be truly valuable to their sales team.
  2. Sometimes you need to remove the end user: Data can be your sales team’s best friend if used correctly. Most of the time, this means removing reps from the collecting process when possible and having strong rules around automation. A sales rep typically has to perform a number of steps in order to receive credit for their work. While this is fine most of the time, it has the potential to leave sales reps inputting bad data or not enough data as they rush through the necessary steps to receive their credit. To avoid muddied datasets, organizations need to find the right technologies to help automate their data processing systems for the user.
  3. Your sales team needs data, but not all of it: Your organization should collect all the data it can, but only make available the data that’s most relevant to your sales reps. It’s easy to get lost in the loads of data being presented, but by filtering the data to show the metrics that are most important to the rep’s book of business, they will have the information they need at their fingertips to close a lead.

The modern sales team is data-driven, and today’s sales journey combines the best of both worlds by giving sales reps the chance to act as advisors to their customers while using real data to complement sales. Similar to marketing, sales teams will continue to see how data will provide measurable ROI for their organization, so long as they know how to make it actionable.

TechBytes with Wulfric Light-Wilkinson, CCO, Quill

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Quill

Wulfric Light-Wilkinson
CCO Quill

Quill is a leader in Primary Content production, who with their latest round of investment have raised a total of £10 million. We covered how the investment will fuel development of its proprietary cloud technology platform and further expand its network of freelance content creators and to continue to roll out the Quill Quality Score, an industry standard benchmark for the ecommerce content quality. We caught up with Quill’s CCO, Wulfric Light-Wilkinson, to get his point of view on Primary Content creation and how industries can leverage it.

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MTS: What is Primary Content and why is it such an issue for retailers?
Wulfric Light-Wilkinson: Primary Content is the critical pre-purchase information that converts browsers into buyers, helping them to make more informed decisions at the penultimate stage of their purchase journey. Examples include product descriptions, category descriptions, travel destination guides or buying guides and shoppable videos. As Primary Content sits at the end of the purchase funnel it directly influences ROI on all marketing activities further up the funnel. Indeed, high-performing Primary Content improves SEO, conversions, basket size, product return rates and brand reputation.

MTS: Why do retailers and agencies find it so operationally challenging to produce Primary Content?
Wulfric Light-Wilkinson: Primary Content typically needs to be produced in very high volumes. If you have thousands of products you need thousands of product descriptions, often with short lifecycles requiring regular updates to the content. If you operate internationally the problem multiplies.

Creating high-quality content at speed and scale is a significant operational challenge. While in-house teams and agencies create fantastic hero content (for advertising campaigns) and small-scale consideration content (e.g. editorial & social content), they often struggle to scale their content production. That’s because they typically lack global content creation teams and enabling technology that eliminates the arduous, error-prone, manual processes involved in content creation. Consequently, Primary Content is often missing or of poor quality, negatively impacting their revenues.

MTS: How does Quill overcome the operational challenges of creating high volumes of Primary Content quickly?
Wulfric Light-Wilkinson: Quill is purpose-built to overcome these challenges. Our unique model combines the flexible costs of a global network of freelance, specialist content creators (the Quill Network) with proprietary cloud technology that eliminates inefficiencies in large scale, multi-language content production (the Quill Cloud). As a result, we can produce high-quality content 75% faster and 40% cheaper than is possible in-house. We also analyze our processes down to the micro-level, inspecting every task to see what can be streamlined or automated; creating small, incremental savings that add up to very significant time and cost savings.

MTS: You’ve developed the Quill Quality Score – how does this work?
Wulfric Light-Wilkinson: The Quill Quality Score is an industry-standard framework for measuring the effectiveness of ecommerce content. The framework is based on consumer research, aggregated performance data from thousands of content pieces created by Quill, and industry expertise. We have performed audits across a wide range of ecommerce sites using the Quill Quality Score, revealing some surprising trends across various industries. For example, only 29% of online clothing retailers describe how an item fits, even though 98% of consumers consider it important to a purchase.

MTS: What are the big changes you see occurring in the industry and what effect do you see this having?
Wulfric Light-Wilkinson: Conversational commerce is a big topic in the industry at present. As voice-controlled smart speakers like Amazon Alexa and Google Home make their way into our households, the way we shop online is evolving from searching on Google or Amazon to interacting verbally through an AI assistant. This will fundamentally affect how marketers can reach consumers because the consumer journey will look very different in the next 5-10 years.

MTS: What benefits do you envisage AI having in the marketing industry?
Wulfric Light-Wilkinson: Digital transformation is set to have a massive impact on the marketing industry and artificially intelligent tech will empower businesses across the board. Despite the hype, I don’t think it will leave people out of work but is more likely to result in a ‘humans in the loop’ scenario where technology makes us more informed, efficient and intelligent than ever before. People will have more time to do the interesting jobs as the mundane tasks will be fully automated. We’re entering a fascinating age for business and the traditional models of how we work are set to change radically within the coming years.

MTS: Thanks for chatting with us, Wulfric.
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 Mingqiang Lee, Founder and CEO, Tuputech

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Mingqiang Lee
Interview with Mingqiang Lee, Founder & CEO at Tuputech

[mnky_team name=”Mingqiang Lee” position=” Founder and CEO, Tuputech”][/mnky_team]
[easy-profiles profile_twitter=”https://twitter.com/tuputech” profile_linkedin=”https://www.linkedin.com/in/%E6%98%8E%E5%BC%BA-mingqiang-lee-%E6%9D%8E-5a434a10a/”]
[mnky_testimonial_slider][mnky_testimonial name=”” author_dec=”” position=”Designer”]“For all we know, today we have stepped into an era of picture-reading. Most of the information is conveyed through pictures and videos.”[/mnky_testimonial][/mnky_testimonial_slider]

On Marketing Technology

MTS: Tell us about your role and how you got here. What inspired you to found an AI image recognition company?
For all we know, today we have stepped into an era of picture-reading. Most of the information is conveyed through pictures and videos. So the demand for image recognition, image analysis, and image understanding are growing much stronger than ever before. Some companies generally don’t have any AI engineering and technical capabilities, but they do have a strong demand for dealing with image data. Therefore, the prospect of image recognition is more than promising.

MTS: How does Tuputech’s Image recognition API work?
Firstly, the image data from the customer’s service is transferred to our API through cloud. We take this data and use our image recognition system to recognize the image. The output result will be returned to the customer through the cloud. Under normal circumstances, the whole procedure only takes 1 second and the system can deal with 50 images at a time.

MTS: How does Tuputech’s offering integrate with various DMPs/CMS?
The output results of image recognition involves scoring the image, whether the image is acceptable and whether it needs to be reviewed. Most of our customers will group the images based on the results we provide, and then do relative processing on their auditing platforms. For example, the pornographic content auditing platforms will delete the pornographic images and manually recheck the suspect images. Usually, images suspected of being pornographic account for less than 5%, which means that customers only have to recheck 5% of all the data. For live-broadcasting platforms, they will send the illegal-suspected items to a specific auditing position and the auditors can deal with those images. In this way, the efficiency of auditing can be improved.

MTS: Which sectors do Tuputech’s image recognition services cater to?
Tuputech excels in recognizing offensive images and videos, including pornography, violence, terrorism and spam. We can train our models based on the different requirements of our customers. In other words, we can solve the identification problems for people with different skin colors. Additionally, our image recognition system can not only identify the normal pornography but also child pornography.

MTS: How would you commercialize AI in a step-by step manner at Tuputech?
AI commercialization is a step-by-step process, instead of a one-stop process. Due to the specialty of AI technology, it can achieve a 70%-good model very quickly, but it is difficult to  improve the model to its 100% perfection. TupuTech provides costumers with quality-assured services while preserving the basic image-recognition. We are trying to enhance our accuracy, perfecting the whole recognition loop.

MTS: Would you tell us about a standout digital campaign? (Who was your target audience and how did you measure success)
Our targeted customer types include social media and websites for live-broadcasting, short videos and pictures sharing, etc. Except for adult sites, most of the websites do not allow pornographic content. What’s more, video-socializing websites are extremely popular today and because of their privacy, problems in management and supervision could happen from time to time. Tuputech’s service can be accessed via API as well as SDK. So far, SDK for pornography recognition is available and can be integrated in apps to moderate videros in real-time. The SDK can be embedded in the app and could supervise video conversations in real time. As for social video apps, we can also identify whether the user is juvenile or not, and prevent them from using this type of app.

MTS: As a business leader of an AI-centric firm, how do you see current AI systems evolving over the next five years?
AI will surely overturn different industries and re-deploy social resources. The influence of AI is unintended and at the same time all-round. From our country’s status, transformation of cities and the development of companies, to personal career, none of these is unaffected by AI. The whole world will change under the impact of AI and we all will face a new round of opportunities and challenges.

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

[vc_tta_tabs][vc_tta_section title=”About Mingqiang” tab_id=”1501785390157-b58e162d-0ae25a4b-c27aca64-108e834b-6820″]

Founded Tuputech in 2014, Tuputech provides image recognition services with state-of-the-art AI algorithms and Computer Vision technology.

[/vc_tta_section][vc_tta_section title=”About Tuputech” tab_id=”1501785390320-2d44fa50-740c5a4b-c27aca64-108e834b-6820″]

tuputech LogoFounded in 2014, TUPU Technology Co., Ltd provides image recognition services with state-of-the-art AI algorithms and Computer Vision technology. We are the No.1 API provider of NSFW/NSFL content filtering in China. TUPU is a professional AI and computer vision service provider. Our services have catered to the major internet companies around the globe. Our clients include but not limited to Musical.ly, Live.me, Blued, Camera 360, Bilibili, etc.

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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.

John Osborn Named CEO Of OMD US

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OMD

BBDO Exec’s Appointment Reflects Focus On Integrated Solutions and Services

Omnicom Media Group agency OMD Worldwide named John Osborn CEO of its US operations. Osborn joins OMD, the largest US media agency following his role as President and CEO of sister Omnicom agency BBDO NY during which time the agency dramatically grew and expanded its service and practice base.

Osborn succeeds Monica Karo, who is moving up to a global role as Chief Client Officer of OMD Worldwide.

“At a time when clients are looking for integrated solutions, having agency leadership with experience across the broad spectrum of marketing services is critical to growth and client success,” says Daryl Simm, CEO of Omnicom Media Group.  “As an Omnicom network, we’re fortunate to be able to access successful leaders like John who can meet that standard.”

Osborn first joined BBDO New York to work on the Pepsi business, rising to lead Account Director.  He later became the principal architect of the agency’s integrated marketing efforts, expanding services to include digital and social marketing, experiential marketing, design and more.  As president and CEO, Osborn continued to focus on BBDO’s growth in all iterations, innovating in areas like healthcare and expanded data capabilities by establishing an in-house partnership with Omnicom Media’ Group’s Annalect data and analytics platform. During his tenure, BBDO New York was named an Agency of the Year more than 15 times including, most recently, BtoB, Social Media and Webby Agency of the year.

Osborn’s commitment to delivering the talent and tools that drive brand growth, combined with the energy and insights he brought to solving clients’ most challenging business problems, have been integral to the long list of strong and enduring client relationships that have been the hallmark of his tenure at BBDO.

“John’s cross-channel expertise, combined with his skill in creating and leading multi-disciplinary teams, makes him the ideal choice to lead OMD,” says Omnicom Media Group North America CEO Page Thompson. “He’s a proven and passionate leader who knows how to build the relationships – with clients, with agency partners, and with talent – that build brands.”

Commenting on his new role Osborn says, “One of the great things about working at an Omnicom agency is the focus on growth, both personal growth and business growth.  This can come in many forms.  As I move into the US CEO’s chair at OMD, growth, especially growing our clients’ business,  remains the defining priority – still working with the best people in the business, but now viewed from the perspective of the media context in which messaging comes to life.”

Tech Bytes with Ali Kirby – Director of Community Growth and Business Development, Collective Bias

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collective bias

Ali Kirby
Director of Community Growth and Business Development, Collective Bias

We recently covered how Influencer Marketing is the Fastest-Growing Online Customer Acquisition Strategy in which we featured Collective Bias’ findings that the apt spot for reach and engagement is between 35k and 65k followers on Social Media. Collective Bias and their partner Curalate help their customers drive revenue through increased shopping with the help of influencer content.

We caught up with Ali Kirby, Director of Community Growth & Business Development at Collective Bias to hear more on influencer marketing strategies and using Instagram to drive the effort.

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MTS: What are some of the benefits for influencers to use Instagram livestreaming?

Ali Kirby: I personally LOVE using IG Live because it really gives people a true behind the scenes look at your real life. When you’re on Instagram live, there is no editing, no fluff – just the real you. I love how you can use this to share your personality, connect with followers and have a lot of fun!”
• Marquis Clarke


• “It’s a fun way to connect with your followers in an authentic, non-scripted way. Followers can leave comments or ask questions in real time and it’s a great way to connect with your audience in a “real” way: it really just feels like you are talking to a bunch of friends!”
– Rebecca Grafton

Fri-yayyyyy Friyay! Up early for 5:30am spin/barre class then back home for a snickerdoodle protein angel food cake for breakfast (recipe on my blog) I used @pescience snickerdoodle protein powder in it and spread some of this @delightedbydesserthummus snickerdoodle hummus on top along with PB2. This whole thing was only 265 calories 19c/4f/40p! ??? (PS: what else do you guys put this dessert hummus on?! I need ideas!) I have a half day of work today because we have an agency picnic this afternoon ? (I’m playing in the corn hole tournament, wish me luck I have no skills at lawn games ??) and thennnn like my tank says, barre now wine later ??? meeting some friends out for drinks later! Sounds like a Good Friday to me ?? #barrenowwinelater #friyay #tgif #mygirlishwhimsfood #delightedbydesserthummus #toesox #spreadyourtoes

A post shared by Rebecca Grafton (@mygirlishwhims) on

MTS: In what ways can Instagram Livestreaming help grow an influencer’s presence?

Ali Kirby: Currently only two people can be featured in one livestream. But, one way influencers can potentially grow is through increasing followers. For example, if two influencers are on a live stream, followers of one of the influencers may then begin to follow the other. This is a great way for the influencers to “share the love” and begin to engage with each other’s audience in a way that is supported by the entire community

In addition to increasing followers, an influencer can increase their own credibility with the brand working with the other influencer on the livestream. Leveraging another influencer’s network to expand partnerships is a great business benefit of this service.

MTS: How does Instagram compare to other social platforms for influencer campaigns?

Ali Kirby: Instagram is definitely the preferred social platform among influencers. We recently polled our community and Instagram came out on top as the platform that is most important for their personal brands (30%). Instagram Stories and Carousel Albums are the most used feature on the platform, and we expect to see more influencers incorporate Instagram Livestreaming into their campaigns. When we asked our community which platform will be the most important to influencers over the next 5 years, Instagram was the clear leader (43%). This indicates that influencers are excited about platform innovation and are not planning to favor others in the future.

MTS: Instagram Livestreaming has positive opportunities for the influencers, but what about for the brands associated with the campaigns?

Ali Kirby: In the end, the brand will typically determine a campaign’s success based on sales, ROI, etc. Instagram Livestreaming allows the consumers to interact with target audiences in an authentic, real-world style that can drive sales in a way that the print or online media cannot. For example, a livestream of an influencer using a product and broadcasting un-edited commentary can be more authentic for audiences, and could translate into sales. The direct interaction with authoritative figures and the ability to ask questions can go a long way, when consumers make purchasing decisions.

MTS: Does influencer engagement truly have an impact on ROI?

Ali Kirby: Yes, and defining clear KPIs that can be measured allows a brand to determine the success of a campaign. For example, we recently compared a traditional marketing campaign to a campaign that involved influencer marketing and found campaigns that include influencers perform better. During a recent test of 8 – 12 influencer campaigns, one consumer brand saw a $400,000 incremental sales lift and a mobile brand saw a 1.88x return on ad spend. While engagement is definitely a piece of the campaign, without the influencer’s participation, the brands would not have seen as high of a monetary return.

MTS: Thanks for chatting with us, Ali.
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 Steve Ellis, Founder and CEO, WHOSAY

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Steve Ellis
Interview with Steve Ellis, Founder and CEO at WhoSay

[mnky_team name=”Steve Ellis” position=” Founder and CEO, WHOSAY”][/mnky_team]
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[mnky_testimonial_slider][mnky_testimonial name=”” author_dec=”” position=”Designer”]“Video allows you to retain and monitor which of those customers interact with your content the deepest, and then over time you will be able to turn them into paying customers by retargeting the most engaged with offers and calls to action.”[/mnky_testimonial][/mnky_testimonial_slider]

On Marketing Technology

MTS: Tell us about your role and how you got here? (What inspired you to start an Influence Marketing technology innovation company?)
I originally started WHOSAY 7 years ago as a way to create a marketplace for influential people and their content, all around the growth of social media use. There has always been a large amount of interest in celebrity, their images, and stories, and indirectly brands and fans had created a $1B+ media business through this in media companies like People Magazine and Entertainment Tonight.

The power of celebrity and interest in their content via social media has never been stronger but through many twists and turns, that business has now evolved into influencer marketing – not just a simple media business. WHOSAY strives to simplify the process for brands and agencies, by offering end-to-end services including everything from finding the right influencer, to content creation and distribution.

MTS: Given the changing dynamic of content engagement with customers online, how do you see the automation and analytics market evolving by 2020?
There will be an increase in automation, but at the same time, that automation will lead to poorer ad performance. So in turn, the analytics and measurement will have to evolve to measure true performance. We are beginning to see this shift in the open demands big brands are making of social platforms around viewability and performance. Ultimately measurement will be able to link directly ad performance to sales – though we are a few years away from closing that last gap.

MTS: How should influencer content marketplaces extend the benefits of audience attention and conversion analytics to B2B customers?
In today’s mobile-first world, every single connection and transaction is one-to-one – whether you’re a dating service, selling to consumers, or selling to businesses. You need to take control of how people feel about you and your services via your communication and marketing. Influencer content will continue to play an important role in this, by helping to cut through the clutter on a small screen and by making better ads to ensure people understand and like your offering.

MTS: How can CMOs leverage video platforms as a scalable targeting and retargeting content monetization strategy for the B2B market?

It’s essential to have a long-term strategy where you take your video content and ads and target the kinds of customers your business is trying to reach today. Video allows you to retain and monitor which of those customers interact with your content the deepest, and then over time you will be able to turn them into paying customers by retargeting the most engaged with offers and calls to action. Video content is the trojan horse of digital marketing.

MTS: What’s the biggest challenge that CMOs need to tackle to make their predictive decisions work effectively?
The industry is still a few years away from being able to track marketing efforts to the last inch: purchase. But this is coming in the form of location tracking and couponing. CMOs will be very happy when they can confidently say their marketing spend worked.

MTS: What startups are you watching/keen on right now?
Slice – online pizza discovery and delivery
Gladly – customer service reinvented

MTS: What tools does your marketing stack consist of in 2017?
We consider communication with our clients critical to our marketing efforts, so to that end, we built tools using a variety of vendors in the data and data visualization space that help track campaign performance and show those analytics to our clients in real time.

MTS: Could you tell us about a standout digital campaign?
All of our campaigns are stand-out and are special! But recently we made a beautiful video for Volvo that I must say is one of our standout creative executions and is performing extremely well.

MTS: How do you prepare for an AI-centric world as a marketing leader?
If I hear AI mentioned again when it comes to influencer marketing, I’m going to punch myself in the face! There is a level to which technology can take you, but the ultimate optimization is up to humans. We’ve allowed tech to build all the targeting anyone will ever need and that’s great but we’ve forgotten that it’s now up to human creativity to format the experience, and then continue to re-evaluate and optimize marketing campaigns as they roll out. If you think you can have an idea based on data and then sit back and watch it do great you will be sorely disappointed – you have to react to what actually happens

This Is How I Work

MTS: One word that best describes how you work.
Constantly.

MTS: What apps/software/tools can’t you live without?
Old School Software: Excel is still the most useful and productive piece of business software ever.

Newer Software: Whatsapp makes communication easier than ever for me and Salesforce makes sales monitoring far less stressful.

MTS: What’s your smartest work related shortcut or productivity hack?
Hire excellent people.

MTS: What are you currently reading?
Battle Cry of Freedom: The Civil War Era by James M. McPherson

MTS: What’s the best advice you’ve ever received?
Following my wife’s suggestion to marry her.

MTS: Tag the one person in the industry whose answers to these questions you would love to read:
Larry Ellison. He’s only person in tech that really tells the truth when he’s asked questions because he really doesn’t care what people think. My kind of guy.

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

[vc_tta_tabs][vc_tta_section title=”About Steve” tab_id=”1501785390157-b58e162d-0ae25a4b-c27aca64-108edce7-7a68″]

Experienced Chief Executive Officer with a demonstrated history of working in the entertainment industry. Strong entrepreneurship professional skilled in Digital Strategy, Advertising, E-commerce, Entrepreneurship, and Business Development.

[/vc_tta_section][vc_tta_section title=”About WhoSay” tab_id=”1501785390320-2d44fa50-740c5a4b-c27aca64-108edce7-7a68″]


WHOSAY powers marketing campaigns for brands across all verticals, utilizes every level of celebrity and influencer, and delivers measurably superior results to other mobile and social advertising. In more than 300 campaigns for 100 different brands, WHOSAY has delivered more than 3 billion impressions, 600 million video views and 700 million engagements.

Based in New York City, WHOSAY was founded in 2010 and is built from the best of entertainment, technology and advertising including Amazon, CAA, Comcast Ventures, Greylock Partners, High Peaks Ventures and Tencent.

[/vc_tta_section][/vc_tta_tabs]
[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.

Brand Transparency for GDPR

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guestpost GDPR

With approximately nine months to go before the General Data Protection Regulation, or GDPR, takes effect on 25 May 2018, many brands have wrapped up the assessment phase of their readiness projects and are well into the internal process change phase.

While that work is getting done, Privacy Officers are rightly thinking about the final pieces that need to be put in place, namely how to be transparent to their consumers about their data practices—what the company collects and how it uses that data—while also giving the individual an easy to use way to actually control his or her data.

Afterall, that’s the whole point of the GDPR, to give control over personal data back to the individual. If an organization doesn’t do this last bit, then the millions spent on analysis and process-change has been a big waste of money.

EvidonTransparency is tricky and sometimes a bit amorphous because you have to meet a lot of legal requirements (thus, the lawyers and pervasiveness of legalese), while also balancing how to speak clearly and simply about your data practices. I should know. I’m the privacy lawyer at Evidon, which has built its business on helping companies solve that tricky problem.

While it’s difficult to argue against transparency as a business practice, it’s codification into law makes it a quantifiable risk for companies subject to the GDPR so the gravitational pull toward legalese is great.  However, managing risk with dense legalese doesn’t work so well as a communication strategy with your consumers and I understand that as well.

Given this paradox, is a privacy policy the gateway to transparency?

Certainly, some will decide yes and will make sure their new privacy policies, have all the right GDPR disclosures.  But that really isn’t transparency in the common sense understanding.  Really, that is legal transparency and good luck with that.  It’s the wrong approach.  There are other options out there.  Some companies will build their own transparency tool.  And then there is a host of private sector transparency solutions hitting the market, including Evidon’s Universal Consent Platform.

If an organization wants to comply not only with the letter but also the spirit of the GDPR, then it should consider not only making the necessary changes to its privacy policy, but also having an external facing and easy to use tool that clearly communicates — in plain language — what it’s data practices are and how consumers can exercise their new rights.  That’s consumer transparency and it’s a very different beast than legal transparency. This consumer-facing transparency tool is the consumer’s bridge to the GDPR. Like most bridges, it also goes in the other direction, so it acts as the company’s bridge to the consumer as well.

Quite likely, we’ll see transparency platforms emerge and evolve to become the primary collaboration tools between companies and their consumers.

But before we get to the future, let’s deal with the present, and that means getting transparency correct. Once that is in place, then the complex GDPR flow of obligations and rights can naturally follow.  For example, by definition, a person can’t provide valid consent unless she is first informed what she is consenting to. Therefore, transparency, another name for notice, must precede consent, and by extension all consumer choices, such as exercising the new individual data rights, and managing the data an organization or its partners collect about her.

Actual consumer-friendly transparency will be the last solution deployment for many organizations, but probably the most important. Simply put, it will be the most important thing a company does because GDPR enforcement by the EU’s greatly empowered data protection authorities, will come first and foremost here. It’s low hanging fruit for them.  It’s what they can most readily see–all they need to a browser and time to tick from website to website or app to app. At each stop, they’ll look for a consumer-facing transparency tool layered on top of a rights management platform so the consumer can give or withdraw consent and do all the other things she’s entitled to under the GDPR.

Getting on the regulators’ good or bad list will be binary.  If you end up on the bad list, potential fines could be up to €20 Million or 4% of your global turnover, whichever is more. Whatever the amount, it will be a painful moment for the privacy officer when she explains to her CEO and Board of Directors that the company was fined because it didn’t have a communication tool in place.

Also read:  Is Whitelisting a Win-Win for Brands and Influencers?