Home Blog Page 4341

Adbrain Advances its AI Technology to Power its Identity Matching Capabilities

0
Adbrain Solving Customer identity
Adbrain Solving Customer identity

Following five years of innovation into solving customer identity in a connected world, Adbrain is excited to announce the next evolution in identity resolution. Adbrain has moved beyond a cross-device graph and is releasing an update to Adbrain’s Identity AITM, a new multi-dimensional identity approach to help marketers and their partners reach their customers like never before. Adbrain’s Identity AI™ is the brain that powers all Adbrain solutions, which include Customer ID Mapping for Marketers and their partners.

Adbrain’s new multi-dimensional identity methodology creates cohorts of identities across three dimensions of data: People, Places and Devices, to allow for a more sophisticated view of identity to be built through Adbrain’s Customer ID Maps. Marketers will benefit from this advanced technology solution by being able to personalize the marketing experience more deeply than ever before, and technologists will be able to create new revenue lines by refining identity-based, personalization tools.

Adbrain Over the past few months, Adbrain’s IdentityAITM has been expanded to include custom machine learning to map people and places in addition to devices. This creates a true multi-dimensional customer identity profile which is flexible enough to answer advanced identity requests such as:

  • Provide all the devices that relate to an individual – a classic cross-device use case but now Adbrain can include nuances such as differentiating between which devices are shared; essential when analyzing TV.
  • Provide all the individuals that belong to a household – for example, a CPG advertiser may know a lot about a household but has no way to connect their rich household data with the individual, especially when the individual is out of home and near a retailer.
  • Provide the groups of people who have at least one member who frequents a given location – for example the acquaintances of someone that visited an auto dealership.

This multi-dimensional view of customer identity allows for enhanced marketing activity including targeting and measurement by gaining a view of an individual’s identity and their interactions with the world – or brands, products, and services – around them. This view is achieved by recognizing the relationships between the Devices they own, the Places they frequent and the People they interact with.

Gareth Davies Adbrain
Gareth Davies

Gareth Davies, CEO, Adbrain, said, “We are thrilled to bring Adbrain’s Identity AITM technology to market and enhance the way marketers and their partners are able to understand their customers on a deeper, multi-dimensional level. Identity is nuanced, and it’s time the industry starts understanding customers on a deeper level. We are excited to continue to provide an independent view on identity and provide our customer ID maps to the ad and martech ecosystems to the benefit of the marketer.”

Also Read:  Why Nobody is Reading Your Cold Email and How to Get Them To Respond

Taptica Acquires Tremor Video’s Demand-Side Platform for $50 Million

0
taptica tremorvideo

Tremor Video DSP will operate as an independent division of Taptica, and will be led by Lauren Wiener, who has served as Tremor Video’s president of buyer platforms for nearly five years.

Taptica, a global end-to-end mobile advertising platform that helps the world’s top brands reach their most valuable users with the widest range of traffic sources available, today announced the acquisition of Tremor Video’s demand-side platform (DSP), an industry-leading technology stack built for video optimization and attribution, for $50 million. Tremor Video DSP will operate as an independent division of Taptica, and will be led by Lauren Wiener, who has served as Tremor Video’s president of buyer platforms for nearly five years.

“With this deal, Taptica strategically aligns complementary talent and expertise with Tremor’s demand-side platform to create a powerful market force. Tremor Video’s positive brand value and awareness in the U.S. will enhance Taptica’s solution and market positioning. Additionally, Taptica has found itself perfectly positioned both geographically and culturally to bridge the East and West, and our extensive business relationships in the APAC region and beyond will allow us to grow Tremor Video DSP globally,” said Hagai Tal, CEO of Taptica.

Marketing Technology News: NICE Named Leader in Real Time Authentication and Fraud Prevention by Top Analyst Firm

Taptica

Taptica maintains a strong hold in the DSP space worldwide, and this acquisition will significantly boost the company’s presence in the US digital advertising market and Taptica’s position as the industry’s most complete and comprehensive marketing platform. Additionally, Tremor Video DSP has an established client base and a promising roadmap for further innovation.

Taptica, which has over 220 million user profiles with more than 100 data points on each that provide a precise understanding of user behavior for advertisers, will help accelerate the Tremor Video DSP business through real data differentiation. Taptica will continue to invest in and grow the existing business and products to become the leader in demand side mobile and video advertising. The natural alignment between these demand side focused businesses, Taptica and Tremor Video DSP, will help advertisers succeed.

Marketing Technology News: With Infobip, Daraz Enhances Customer Experience Through Mobile Messaging Solutions

Mark Zagorski, CEO, Tremor Video said, “The business is in great hands with Taptica and we look forward to working with them in the future.”

Taptica has also recently announced the acquisition of Japanese mobile ad company, Adinnovation, which will further expand Taptica’s presence in the Asia-Pacific region. The company currently has offices in Beijing, China and Seoul, South Korea. Moving forward, Tremor Video’s business parts will be recognized separately as Tremor Video DSP, a Taptica Company, and Tremor Video.

RBC Capital Markets acted as exclusive financial advisor and Naschitz, Brandes, Amir & Co. acted as legal counsel to Taptica in connection with this transaction. The Raine Group acted as exclusive financial advisor on the deal, and Cooley LLP was legal advisor to Tremor Video.

Read Also: Why Nobody is Reading Your Cold Email and How to Get Them To Respond

Upstream Works Joins Forces with NextNet Partners to Improve Omnichannel Customer Experience

1
upstreamworks

Upstream Works And Nextnet Partners Team Up To Increase Customer Engagement And Collaboration Options For Clients

upstreamworks-_-NEXTNETUpstream Works, a provider of Omnichannel Contact Center solutions, has announced a new partnership with NextNet Partners, to provide integrated communications solutions on the Cisco Collaboration platform. Together, they are making it easier and faster to deploy effective solutions that meet the needs of clients and deliver real business value.
Upstream Works Focus at Transforming the Agent and Customer Experience

Rob McDougall, President and CEO, Upstream Works
Rob McDougall

Rob McDougall, President and CEO, Upstream Works, said, “We’re excited to be working with NextNet Partners. The collaboration is an opportunity to extend and complement our products and services with an innovative and growing company that is committed to communications excellence. Together, we are meeting the growing demand for solutions that empower clients and transform the agent and customer experience.”

Read More: Qualtrics Introduced Innovative Customer Experience Improvements

Upstream Works has a strong history of omnichannel innovation specializing in simplifying and improving agent and customer engagements. Upstream Works for Finesse (UWF) provides a flexible, extensible solution that has been designed for the ever changing voice and digital customer journey. With UWF, the Single Agent Desktop acts as an anchor, enabling agents to easily access all customer interaction activity, history, and context for any channel, to deliver a more personalized and responsive customer care experience.

Upstream And Nextnet Team Up To Increase Customer Engagement And Collaboration Options For Clients

NextNet Partners and Upstream Works together have the expertise and experience needed to deliver a broad range of technology solutions across a variety of industries which improve ROI and enhance business performance.

Phil Calzadilla CEO, NextNet Partners
Phil Calzadilla

Phil Calzadilla, CEO, NextNet Partners, said, “We’re proud to add Upstream Works to the NextNet Partners family and our Customer Collaboration Practice. The Upstream Works for Finesse solution is a perfect fit for understanding the customer journey. The solution enables our clients to improve their customers’ experience, all while delivering a superior agent interface and omnichannel reporting.”

Recommended Read: Oracle MME Proves Customer Experience is the Holy Grail of Marketing Success

Upstream Works helps organizations to improve the agent and customer experience while improving operational efficiencies with a Single Agent Desktop that connects all channels, interactions, and applications across the enterprise. Businesses gain flexibility and control with easy to use tools, full visibility, and consistent reporting across voice and all digital channels.

Currently, Upstream Works provides best-in-class Omnichannel Contact Center software to increase customer engagement and agent success. We bring the customer journey together across all digital channels, interactions, and applications with management simplicity and desktop elegance.

Read More: SandSIV Announces Release Of Enterprise Customer Experience App For Salesforce

Interview with Heather Zynczak, Chief Marketing Officer, Pluralsight

0
Heather Zynczak CMO Pluralsight

[mnky_team name=”Heather Zynczak” position=” Chief Marketing Officer, Pluralsight”][/mnky_team]
[easy-profiles profile_twitter=”https://twitter.com/hzynczak” profile_linkedin=”https://www.linkedin.com/in/heatherzynczak/”]
[mnky_testimonial_slider][mnky_testimonial name=”” author_dec=”” position=”Designer”]“Technology is rapidly evolving, making it hard for technology professionals and teams to keep their skills current — and to really understand their level of proficiency in a given technology.”[/mnky_testimonial][/mnky_testimonial_slider]

On Marketing Technology

MTS: Tell us a little bit about your role at Pluralsight and your journey there.

My passion for technology began at an early age. I landed my first job in coding and spent years as a developer after that. This kicked off my path to CMO with a very technical start, but I quickly felt the urge to be more involved in the strategic side of things. I earned my MBA from The Wharton School and then moved to Silicon Valley at the height of the “dot com” boom. Startups were everywhere, and I gained a lot of experience in strategic product development and marketing in a fast-paced, agile environment. I learned the importance of rooting business decisions in data and analytics rather than gut feelings.

Developing this data-driven approach early on set the rest of my career in motion. I made the jump to Oracle and SAP to learn industry best practices from established players. I worked with some of the best in the business during this time, and then took these experiences with me when I moved to Utah and joined Domo as CMO in 2012.

I was drawn to Pluralsight because of its mission to close the technology skills gap. Since joining last year, my inner developer has loved working for a company that has such a strong impact on technologists across the world.

MTS: What does Pluralsight’s skill measurement system consist of and do assessment scores integrate with other learning management systems?

Technology is rapidly evolving, making it hard for technology professionals and teams to keep their skills current — and to really understand their level of proficiency in a given technology.

Our skill measurements technology gives IT professionals and leaders a way to evaluate and future proof their skill sets. In as little as five minutes, a tech pro can benchmark his or her skills and identify one’s skill gaps and strengths. Our platform will then also give he or she a customized learning path — outlining the exact courses she should take — to increase her proficiency. If a user needs help understanding a concept along the way, our platform gives them the ability to connect with a live mentor. This capability is powerful at the enterprise level because it allows CIOs and CTOs to understand the brilliance on their team, provide their teams with an efficient way to close their technology skills gap and, ultimately, deliver new innovations faster.

MTS: What do you see as the single most important technology trend or development that’s going to impact us?

The technology skills gap costs the U.S. $1 trillion each year in lost productivity, impacting companies of all sizes and across every industry. In this year’s Fortune 500 CEO Survey, 71 percent of CEOs identified their companies as tech companies, yet tech’s progress is outpacing workers’ knowledge of it. Ultimately, this gap is going to significantly hurt innovation and slow progress.

MTS: How does your recent partnership with Adobe Experience Cloud help Pluralsight and its customers?

Marketing teams of today are more closely resembling technology teams than ever before, and that trend is only set to grow in the coming years. Gartner expects that CMOs will soon have a bigger IT budget than CIOs.

As such, CMOs and their teams feel the pressure to keep their technology skills current so they can leverage their tech investment to its full capacity and out-market their competition. Adobe Experience Cloud is one of the technologies that has become a critical tool for marketing teams to master.

Having recognized Pluralsight’s reputation for high-quality, expert-authored courses, Adobe turned to Pluralsight to empower digital marketers to master Adobe Experience Cloud. Our experts author beginner- to advanced-level courses and host the courses on our technology learning platform, and Adobe validates that the courseware accurately represents the technology’s capabilities. As a result, Adobe Experience Cloud users are able to stay up-to-date on the necessary skills needed to master this technology.

MTS: What startups are you watching/keen on right now?

There are a number of technology trends driving the most interesting startups of today. The ones I’m watching closely are companies innovating in AI, VR and security.

I’m also really excited about the venture capital firms that are prioritizing female leadership and supporting female entrepreneurship. Women’s Venture Capital Fund has a portfolio of amazing organizations that are leading the way and have gender diverse leadership teams. Forerunner Ventures is another company that has an executive team comprised primarily of women.

MTS: What tools does your marketing stack consist of in 2017?

We have a robust marketing tech stack, which will grow as new technologies enter the market. We have backbone systems like Salesforce and Marketo, and we also use DemandBase (for ABM) and Adobe Marketing Cloud, including AEM and Analytics. All of of tools gives us a good handle on how campaigns are performing and help us optimize our spend and efforts.

MTS: Could you tell us about a standout digital campaign? (Who was your target audience and how did you measure success)

We’re really excited about the results we’ve seen in our recent digital account based marketing (ABM) campaigns. Using LinkedIn, Twitter and other social channels, we were able to personalize messages received by executives in different roles within a target list of companies. As a result of this campaign, our conversion rates increased by 10 times the original. This was not only a highly successful campaign, but it was also a fun and creative way to reach our target audience.

MTS: How do you prepare for an AI-centric world as a marketing leader?

Success for a marketing team can be won or lost by technology. It is crucial to hire a team with strong technology skills, and then set them up for success by investing in their learning and skills development. The best marketers are going to be extremely tech savvy and knowledgeable about the latest trends in tech. Right now, I think it’s important for teams to understand AI, big data, machine learning and other emerging technologies, and then use this knowledge to create new experiences in order to stay ahead of the competition.

THIS IS HOW I WORK

MTS: One word that best describes how you work.

Data-driven. I am a data-driven person. The most important decisions in my life, both personal and professional, are often made after hours of data analysis. In today’s world, everything is measurable, and as a marketer, this allows me to know what campaigns are working and why, where to allocate budget and ultimately how to steer my team towards success.

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

I can’t live without email. It’s my favorite communication tool. In a world with texting, Facebook Messenger and Slack, email is old school–I know, but it’s the best way to get my attention. I promise my team that I’ll respond to any email they send within 48 hours.

In addition to that, I am a addicted to my marketing dashboard. I live and breathe analytics, so having constant access to those numbers is crucial to my success as a leader.

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

Again, call me old school, but one of the best productivity “hacks” that I’ve found is embracing the tried and true moments of quiet time. No matter how chaotic my schedule gets, I find time every day to go without any outside input or distractions — no phone calls, screens, listening of any kind — and revel in the silence; I usually like to do this when I’m running or biking. During really hectic times, though, I use my car ride home from work to turn off my radio and my phone for 15 minutes of pure silence. It’s during these moments when I come up with my best ideas that help increase productivity.

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

I’m an avid reader, and I’ve dabbled in most kinds of literature. I enjoy reading things that foster innovative ideas and challenge me to think differently. Recently, I’ve had an appetite for historical fiction and biographies. I’m currently reading a biography on Eleanor Roosevelt who has become one of my favorite historical figures.

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

One of the most valuable pieces of advice I’ve ever received is to believe in myself and my ability to succeed. When I walk into major meetings and presentations, I don’t hope that I’m the right person for the job or presenting materials that the others will like. I know that I am the right fit and that I’m delivering content that matters. I also know that success can be driven by internal factors; the most capable employee can fail if she doesn’t believe in herself and only hopes that others do instead. Ultimately, if you don’t believe in you, who will? Why should anyone else?

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


As a leader, I know that success doesn’t rely on me being the most visible or the loudest person in the room; I don’t even have to be the smartest person in the room. Instead, I focus on surrounding myself with the smartest and most creative people and look to them for great ideas, and then leverage my experience to identify which of those ideas will succeed. I’ve found that some of the best ideas come from newer or younger employees, once you give them the chance to speak up and exercise their creativity.

Giving everyone on my team a seat at the table gives them a greater attachment to a project and its success, and this leads to an increase in creativity and success for the entire team.

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

I would love to see Michelle Obama’s answers to these questions. As both the First Lady and as a private citizen now, she has had such an impressive impact as a powerful female leader. I’ve always viewed her as one of the best examples of success as a working mother. She seems to be not only highly dedicated to her family and promoting positive values, but also extremely accomplished both academically and professionally.

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

[vc_tta_tabs][vc_tta_section title=”About Heather” tab_id=”1501785390157-b58e162d-0ae25a4b-c27a83bc-fb51″]

Heather is currently CMO of Pluralsight, the world’s leading technology learning platform for enterprises. Prior to Pluralsight, Heather was CMO of Domo, where her marketing organization fueled one of the fastest growing tech start ups. She has also held executive positions at some of the world’s largest enterprise technology companies, including SAP and Oracle. She has also led teams at several Silicon Valley startups and served as a business consultant for top firms, including Accenture, The Boston Consulting Group and Booz Allen Hamilton.

Heather’s passion for tech started with her early years as a software developer, which has also been helpful in driving her analytically-focused marketing strategy.

In addition to her everyday work, Heather is passionate about about helping advance women in the workplace and female leadership across the tech industry.

[/vc_tta_section][vc_tta_section title=”About Pluralsight” tab_id=”1501785390320-2d44fa50-740c5a4b-c27a83bc-fb51″]

We are the technology learning platform. We help technology leaders evaluate the technical abilities of their teams, align learning to key business objectives and close skills gaps in critical areas like cloud, mobile, security and data.

[/vc_tta_section][/vc_tta_tabs]
[mnky_heading title=”About the MarTech Interview Series” link=”url:http%3A%2F%2Fstaging.loutish-lamp.flywheelsites.com%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.

Crownpeak Acquires Leading Digital Governance Provider Evidon

0
Crownpeak
Crownpeak

Crownpeak’s Latest Acquisition Would Enable Them to Offer Industry’s Most Robust Suite of Compliance and Monitoring Solutions for Digital Experiences

Crownpeak, a leader in Digital Experience Management (DXM) and Digital Quality Management (DQM), has announced the acquisition of Evidon, the leader in digital governance, risk and compliance.

Read Also: 92% of Marketers Views Content as a Business Asset; Majority Look for Seek Resources on Content Management

With this addition, Crownpeak is positioned to rapidly expand its digital governance solution, providing broad content quality assurance for organizations managing the risks and rewards of a global digital presence with the speed and agility required of an ever more rapid communications cycle.

Crownpeak Would Add Transparency throughout Digital Supply Chain

Evidon provides enterprise companies with patented, SaaS-based solutions for consent, monitoring, and compliance covering the digital ecosystem. Evidon’s solutions directly complement Crownpeak’s platform by monitoring the exceptionally complex digital marketing ecosystem to ensure control and transparency throughout the digital supply chain.

 

Tim Vollman, CEO, Crownpeak
Tim Vollman

Tim Vollman, CEO of Crownpeak, said, “Digital Governance is an integral part of managing the marketing technology stack. Besides safeguarding companies against brand damage and financial liability, it is critical to a successful user experience.”
The move accelerates Crownpeak’s path to closing the quality gap by empowering marketers with solutions that make it easy to deploy flawless digital experiences while staying in compliance with global regulations and providing a user experience that instills confidence and trustworthiness.

Recommended Read: Interview with James Norwood, CMO – Episerver

The acquisition expands Crownpeak’s Digital Quality Management offering by adding new monitoring and consent solutions that are essential for websites and applications to comply with privacy laws and programs around the world. These solutions are top of mind with the coming deadline for compliance with the EU’s General Data Protection Regulation (GDPR) which takes effect in May 2018.

K1 Backed Evidon’s Acquisition by Crownpeak

The acquisition is majority backed by K1 Investment Management, an investment firm focused on enterprise software companies globally. Crownpeak has now made two key acquisitions in the Digital Governance space; with the acquisition of ActiveStandards and Evidon. K1 has invested over $100 million in equity in the combination

Ron Cano of K1, said, “We are excited that our continued investment has created a market leading platform. Combining Evidon’s products with Crownpeak are a true game changer for the industry and will provide significant added value for current customers on both sides.”

Evidon CEO Scott Meyer Would be President of Crownpeak’s Digital Governance Division

Scott Meyer Evidon
Scott Meyer

Evidon CEO and co-Founder Scott Meyer said, “As two companies dedicated to a complementary aspect of building customer trust through enabling more responsible digital experiences, the new union is a natural fit.” Scott will join Crownpeak as the President of the Digital Governance Division.

Currently, Evidon is a global technology company focused on simplifying the complex world of Digital Governance. Fulfilling this promise requires organizations to have a comprehensive approach to govern data collection across their websites, applications and ads while complying with global regulations. The world’s leading brands rely on Evidon to empower their Digital Governance success across millions of web pages and apps that drive billions of online revenue.
Crownpeak Offers Complete Suite of Cloud-First DXM Platform

Read More: 5 Things Your Content Management System Should Deliver in 2017

Ad Council Announces David Sable, Global CEO of Y&R, as the Board Chair

0
Y&R Logo
Y&R Logo
David Sable, Global CEO of Y&R
David Sable, the Global Chief Executive Officer of advertising agency Y&R, new Ad Council Board Chair (PRNewsfoto/The Ad Council)

David Sable succeeds Margo Georgiadis, CEO of Mattel, and former President, Google, Inc as the Board Chair of The Ad Council

David Sable, the Global Chief Executive Officer of advertising agency Y&R, has been named Chair of the Ad Council’s Board of Directors. Sable succeeds Margo Georgiadis, CEO of Mattel, and former President, Google, Inc. The Ad Council board is comprised of a prestigious group of senior executives from media companies, agencies (advertising, PR, digital and social), technology companies and advertisers. In his role as Chair of the Board, Sable will chair the Ad Council’s 2017 Annual Public Service Award Dinner, the largest fundraising event for the organization held each fall.

Lisa Sherman President and CEO at The Advertising Council
Lisa Sherman, President and CEO at The Advertising Council

Lisa Sherman, President and CEO of the Ad Council, said, “David Sable’s expertise in the advertising industry and integrated communications is unparalleled and his dedication for giving back has been unwavering. David and Y&R have been long-time supporters of the Ad Council, lending extraordinary talent and time to many critical issues facing our country. We’re thrilled he is taking this leadership role on our Board.” Sable joined the Ad Council Board of Directors in 2011 and became a member of the Executive Committee in 2013.

Recommended Read: Cannes’ Festival of Creativity is the Cradle of MarTech and AdTech Innovation

 

David Sable is Among the Top 10 Most ‘Generous Marketing Geniuses’

Throughout his longstanding tenure at Y&R, Sable led the agency’s pro bono support of several Ad Council campaigns including Digital Literacy, Ebola Aid Awareness, Financial Literacy and the most recent iteration of UNCF’s (United Negro College Fund’s) iconic A Mind Is A Terrible Thing to Waste campaign, which over its history with Y&R has raised over $2 billion and helped graduate over 400,000 deserving minority students from college.

In 2013, Fast Company named Sable one of the 10 Most ‘Generous Marketing Geniuses,’ and this position will continue that legacy. In addition to serving on the U.S. Fund for UNICEF’s National Board, Sable was the founding chair of their NY Board. He also serves on NY’s Volunteer State Office of National and Community Service Commission, as well as the Cultural Advisory Committee. Additionally, Sable provides his leadership on the boards of UNCF and the Christopher Reeve Foundation and he is deeply involved with the Special Olympics.

David Sable said, “This is a singular and spectacular honor. Throughout my career in the industry, the parallel thread and passion for me has been my involvement in the non-profit world. I believe everyone has the capacity to help change the world. The Ad Council plays an extraordinary role in our industry — the organized social conscience of our industry — and it has made a huge and tangible difference to the lives of so many people, across so many sectors of American society. We all know the power of advertising to not only change minds but also behavior. Its power is exponential in driving social change on so many critical issues we face. I am ready to begin, and will enlist the help of our industry at every level to further its cause.”

Ad Council

Among his many contributions to the advertising industry, Sable has been the Director-at-Large of the 4As, and Jury President and Jury member of several Cannes Lions Creativity Festivals. Sable’s advertising career began at Y&R, after which he worked at Wells Rich Greene and then co-founded Mimsar, an advertising agency in Israel.

Sable then moved to Burson-Marsteller and Cohn & Wolfe, before returning to Y&R in 1990 to lead the international portion of the Colgate-Palmolive account. While there, he also helped win Y&R’s U.S. Postal Service’s consolidated account, before leaving to pioneer an omnichannel startup, Genesis Direct. In 2000, he moved to Wunderman, where he spent 10 years ultimately as its Vice Chairman, before returning again to Y&R.

GE CMO Linda Boff will Succeed Sable as Board Chair in July 2018

With the election of Sable, the Ad Council will continue its ongoing tradition of rotating Board Chairs every year between the organizations’ founding sectors: media companies, agencies, and corporate advertisers. Linda Boff, Chief Marketing Officer at GE, will succeed Sable as Board Chair in July 2018. The Ad Council brings together the most creative minds in advertising and media to address the most worthy causes. Its innovative, pro bono social good campaigns raise awareness. They inspire action. They save lives.

5 Easy Steps to Turn Third-Party Marketing Data Into Great First-Party Data

0
Cleaning data

While third-party data can add tremendous value for any company, most buyers of this data don’t take the necessary steps to get the most out of it, thus leading to a low return on investment, discontent with the data quality, and churning through different providers year after year. This article will explore five easy steps to turn third-party data into valuable first-party data.

Just so we are on the same page, let’s define first-party vs. third-party data.

First Party Data: This is data from your marketing, sales, support, and product databases. This data has your business context.

Third Party Data: This is data you can acquire from a third-party, typically a data provider. This can include, people, company, intent, device, and any other data that may be of value to your sales and marketing efforts.

In the last few years, there has been an explosion in the number of marketing and sales data providers. The variety runs the spectrum of:

List/database providers
Web crawler / “real-time” search
Predictive analytics
Account-based “whatever”

The last two categories of providers usually don’t build their own data from scratch, but instead, acquire data from the first two categories of data providers and add values to it such as correlation and segmentation.

The typical consumption model looks like a combination of the following:

  • Sales reps can buy a lead from inside their CRM tool ad-hoc
  • Marketing team buys a list that fits a profile and loads the data
  • A predictive or ABM solution that suggests leads and companies that look promising based on profiling or activity
  • Third-party data are stored as custom data fields in their sales or marketing automation platform
  • The sales team may look at these custom data fields if the primary ones don’t work
  • Marketing automation platforms essentially ignores these custom fields
  • Multiple sets of data are accumulated creating discrepancies
  • Data is not refreshed or updated for a long period of time, if ever

This approach is not exactly the formula for success, let alone the best way to spend your precious marketing budget. While data quality does vary among providers, how you consume third-party data has more impact on the overall success you will have with the data. To get the maximum value from your third-party data budget, follow these five simples steps.

1.   Clean Before Enrich

If you’re disappointed with your data provider’s match rate, there are two root causes:

The provider does not have that data record

The provider has that data record, but its matching algorithm cannot find the record based on the data you provided

The root cause is frequently a matching issue rather than not having the data. I’ve worked with many data providers and have seen matching algorithm performance ranging from excellent (>80%) to atrocious (<30%). One thing I have found is, if you pre-clean your data before sending it to the third-party for enrichment, you can improve your match rate by 100% to 300%. Simple pre-cleaning should involve:

Removing bad data (e.g., “N/A,” “retired,” “not provided,” “555-1212”)
Standardizing data (e.g., “United States,” “USA,” “U.S.,” “United States of America”)
Filling in blanks (e.g., “California, no country,” “San Francisco, California, no ZIP code”)
Resolving inconsistencies (e.g., “California, Germany,” “city = California”)

2.  Optimize Data Format and Standard

Given data providers live and breath data, you probably figure that you should be able to send them data in any format and standard and they should be able to consume it. Unfortunately, that isn’t the reality. Data providers’ ability to deal with dirty source data varies greatly. Discuss with your data provider how best to deliver your data to maximize match rate. Make sure you cover these three areas:

Format: For example, should you send first name and last name as separate data fields or as one name field? If you send it as one name field, should you include the middle name or middle initial? Don’t think this should matter? It does if want a high match rate.

Standard: Is Puerto Rico a state or a country in your database? How about Scotland? Should “Greater London” be the county, the province, or the urban area? Is it “South Korea,” “Republic of Korea,” or “Korea, Republic of”? Find out which data standards your provider can support and deliver your data in a supported standard.

More or Less: Some matching algorithms do better the more data you can provide as input. Other matching algorithms get confused the more data you send. The best approach is to get guidance from your data provider about which combinations of input data produces the best results.

3.  Standardize and Segment Post Enrichment

If you implement the first two recommendations, you will have a much higher match rate. Now that you have gotten back all this great data, more work is needed to maximize its value.

Standardize: Your data provider may not send data back to you in the exact format or standard that matches your data standard. Just like you would benefit from transforming your output data to match the data provider’s supported standards, you need to convert the data you receive back into your standard. If this data must go into multiple systems, then you may have to transform the third-party data into multiple standards and formats.

Segment: Even the best-fit third-party data you can buy is still commodity data. If you can buy it, then your competitors can buy it as well. Raw data from a third-party provider needs to be segmented to support your data standards and go-to-market requirements. Examples include using job title to derive job function, job level, and buyer persona. Another common example is turning annual revenue and employee count into company size. The “standard” data from your provider is minimally useful until you segment it and make it your own.

4.  Reconcile Immediately

Data is not like whiskey. It doesn’t get better with age. In fact, it starts to stink after a few months. Storing third-party data in custom data fields without reconciliation is like buying and storing white wine to drink five years later. It just doesn’t make sense. The only data set that matters to your operations is your first-party primary data set in your CRM platform. Rationalize, reconcile, and enrich your primary data with the third-party data as soon as you acquire it. Automate the business logic of how to enrich your primary data with any third-party data. Automate the decision of what to keep, throw away, merge, and overwrite. This business logic should take into consideration time, the source of data, and the business processes supported by the data. No business logic is ever going to be 100% correct, but reconciling new third-party data in an automated manner with a consistent logic will always outperform a simple buy-and-forget strategy.

5.  Buy With Purpose

Third-party data is not cheap, especially high-quality data. I have yet to meet a marketing team with an unlimited data budget, thus, it pays to build and automate a data enrichment strategy that consists of:

What data to buy
From which vendors to buy it from
When and how frequently to buy or refresh

It is rarely worthwhile to dump out your entire marketing database every six months to get it refreshed. Doing so will cost you a fortune and will have a low impact on the business. Put together a strategy so you can get just the data you need for the correct part of your database at the right time. For example, with a small budget, the best place to consider starting at is by adding enrichment as part of a list loading process and limiting records that are lacking a few critical data fields like job title, phone number, email, and company name. A data recovery strategy may focus on only records that have not been touched for more than six months within target accounts.

A good data enrichment strategy is one with a clearly stated purpose. Which business processes is it trying to improve (e.g. attribution)? Which stakeholder’s life is it supposed to make better (e.g., inside sales not having to wade through operators and phone trees)? How will the ROI be measured (e.g., email bounce rate or lead routing accuracy)?

Make Your Third-Party Data Investment Worthwhile

An alternative option is to select some of these following strategies, which may work for some investors, but definitely, don’t work for marketers looking to leverage third-party data effectively and economically:

Buy and forget
Spray and pray
Buy the market

Conclusion

By following the five simple recommendations above, any marketer can instantly improve the return on investment of their data acquisition budget and gain a competitive advantage in a world where access to data has become a commodity.

Also Read: Four Keys to Unlocking the Power of Predictive Sales

The Three Best Prospecting/List Building And Automation Tools

0
email campaigns
3 Best Prospecting/List Building & Automation Tools
Prospecting Online -Olivia Milton
Prospecting

Aside from the message itself, cold email campaigns live or die by the prospect list. If you aren’t reaching out to the right type of people you might as well just pack it up and go home. Building a prospect list isn’t as simple as finding a bunch of email addresses and sending them emails. It takes quite a bit of patience and research to find the lead most likely to respond to what you’re selling.

Here are 3 of the best tools on the market to build a prospect list and deliver them the perfect campaign.

ProsperWorks

Google being the leader in almost all things Internet, it isn’t at all surprising to see ProsperWorks on this list. Gmail is one the most used email clients in existence and one of the most user friendly platforms out there. ProsperWorks brings the same look and feel of Gmail but adds so much more. You can sync all of the data pertaining to a certain contact within the CRM for quick and easy access. Set automated tasks to be completed upon the meeting of specific criteria. Track all of the opens and replies of your messages in real time and even set up calls from directly within the platform!

It’s the closest thing to a universal tool if you absolutely love the Google aesthetic. The only feature it is lacking at the moment is an in-house lead generation tool, which is where are other entries come in to play!

Read Also: TechBytes with Olivia Milton, CMO at Reply.io

 LinkedIn/Hunter.io

LinkedIn is the Facebook of the professional world. Anybody who is anybody has a LinkedIn profile and gone over it with a fine tooth comb to ensure that all of their information is kept up to date. While it is great as a professional social media platform, it’s utility when it comes to prospecting is invaluable. A person’s business profile is an information goldmine when it comes to cold email outreach and the ability to pull that information is a major asset. Call in Hunter.io and you can multiply that information pull exponentially.

Hunter.io provides email addresses based off of URLs and a percentage of how likely the address is to be valid. So the idea here is to peruse LinkedIn for the ideal customer profile, look up there company name or URL and plug it into Hunter. From there you will be given a list of potential addresses to reach out to. The beginnings of your own prospect list from scratch! It can’t get much simpler… or can it?

Read Also: Why Nobody is Reading Your Cold Email and How to Get Them To Respond

Reply

Reply is the best of both worlds; the native prospecting potential of Hunter.io with the organizational abilities of ProsperWorks. With the People Finder tool you can search a database of millions of up to date contacts around the world at the touch of a button. Just input the criteria your interested in and away you go! You can have a complete prospect list within minutes and they will be ready to be placed into a campaign by the time you are done.

Speaking of campaigns, Reply gives you the same feature set and ease of use as ProsperWorks with some added bonuses. While they do offer a Gmail extension, there are also native integrations to a number of other platforms so all of the bases are covered. Have a Salesforce account full of leads just waiting to be contacted? Reply can pull the entire list, assign them to separate campaigns and begin outreach within minutes of connecting. It’s an incredible all in one tool that can do wonders for your sales or marketing process.

And there you have it, 3 of the best automation and list building products on the market today. Whether used individually or in conjunction with one another, these tools provide features that have the potential to streamline your work flow in ways you may not have thought possible. If you didn’t know where to look when starting a prospect list or thought buying one outright was a little too shady, these can help out with that as well. More information can be gleamed about all three of these products on their official websites and look forward to more news in the future!

Read Also: Reply’s Live Tasks Feature Delivers Custom Trigger-based Task Suggestions to Improve Conversions

Hyperpersonalize Your Campaigns in Five Steps

1
Hyperpersonalize
Hyperpersonalize Your Campaigns in Five Steps

Imagine that you’re a 23-year-old single guy, heading out to do some grocery shopping.  As you go into the store, you open the store’s mobile app, check out some deals, and hit the snack aisle.

That’s when the push notifications start:

Ping!  Great savings on diapers!

Ping! Buy one, get one on baby formula!

Ping! Kid’s toys!  Toddler clothes! Baby wipes!  Stock up now, mom!

You’ve just been un-personalized: sent a deluge of completely pointless communication.

Let’s be real:  we’ve all received plenty of offers that were poorly personalized.  Maybe you laughed.  Maybe you cringed and deleted it before anyone else saw it.  Maybe you got mad.  There’s one thing you didn’t do, and that’s buy the product or service advertised.

When a message is poorly personalized, it gives the impression that you don’t care enough about your customer to find out their basic information and preferences.  It’s the opposite of good marketing. Hyperpersonalization, on the other hand, can turn your message into something your customer reads and acts on.  What is hyperpersonalization, and how can you start using it?

The Evolution of Hyperpersonalization

To understand hyperpersonalization, we first have to nail down the definition of personalization, at least in the marketing sense.  At its most basic, personalization is using the name and maybe the address of your customer.  Realistically, though, most companies have gone far beyond that, including data from purchase histories and general geographic location.

HyperpersonalizationIf personalization tells us someone’s name, hyperpersonalization tells you what they are interested in right now.  It adds things like in-app behavior, on-website browsing habits, and even social media info to the mix.  It can customize messages to what a customer is doing at the moment.

If this sounds like a good thing for marketers, it is; a study cited by tlcmarketing.com showed a 50% increase in online media purchases when a personalized recommendation was used to get customers’ attention.  So how can you make use of this shiny new technology?

Five Easy Steps to Hyperpersonalizing Your Campaigns

Surprised that there are only five steps to hyperpersonalization?  Don’t be; you’re probably already doing the first two or three.  Hyperpersonalization is all about taking this level of attention one step further.

Step One: Gather Your Data.This probably goes without saying, but before you hyperpersonalize anything, you need to start with plain personalization.  Your own records are a good place to get the basics:  name, address/geographic location, and purchase history.  From your website, you can add browsing activity.  A couple of newer trends – data analysis and social listening – make it possible for you to learn from social media remarks, profile information, and other types of online interactions. Of course, there’s another way to get data:  ask for it.  A sign-up process is a good place to start, and you should give your customers the option to fill in their demographic information and interests.  From time to time, you can ask them to update this info, but don’t get pushy. Build a rapport first.

Step Two: Start Small and Simple.Once you have your information, you can start with simple segmentation.  First, we’d consider age groups and gender, as these can make a huge difference in buying behaviors.Another thing to consider at this point is purchase history. If you have a luxury cruise in the Mediterranean to offer, sending it to customers who show lots of interest in budget-friendly camping vacations doesn’t make sense.

Step Three: Ramp Up Personalization.Now that you have the Big Three in place – interests, age group, and gender – you can begin to personalize things even more. Instead of relying solely on purchase information, start putting customers’ on-website and in-app activity into the picture. Amazon, Best Buy, and other big-name retailers are excellent examples of this type of hyperpersonalization. They send you notices if you’ve left something in your cart.  They offer polite little emails featuring things you’ve recently looked at. And they extend this to items that people with similar interests have bought.

Step Four: Use Good Marketing Software.Does the idea of wading through an ocean of customer data hold no appeal for you? Fortunately, it’s not something you need to do. Marketing software can handle all that, and do it with an astonishing level of detail. It can also give your customers a seamless experience across multiple channels, optimize your e-commerce performance and demand generation, and even recommend the most relevant content for each of your visitors.

Step Five: Build In Contextual Data.The final phase in hyperpersonalization requires you to take a step back.  Rather than zooming in on your customer, pull the lens away a bit. Is it an especially cold midwinter on the East Coast? Even if your customer doesn’t have a personal history of shopping for down-filled jackets, it might be a good time to present an offer featuring one. Or zoom in even tighter, creating offers that change depending on the time of day they are accessed.

Real-time is losing its novelty factor and becoming an accepted part of how marketers get things done.  The same is true with personalization; it’s almost reached the threshold of being something expected rather than something attention-grabbing.  Now is the time to start using hyperpersonalization in your campaigns. With these five steps, it is easier than you think.

Also Read: Four Keys to Unlocking the Power of Predictive Sales

Sticky Content Launches Native Advertising Network Powered By Nativo To Monetize Branded Content Inventory

0

Sticky Content, the PA Group’s creative content agency, has partnered with native advertising platform Nativo to offer leading brand clients access to publisher audiences at scale

https://media.licdn.com/mpr/mpr/shrinknp_400_400/p/5/000/22a/366/1f10969.jpg
Emily Shelley, Managing Director at Sticky Content

Emily Shelley, Managing Director at Sticky Content, said, “In an era of increasing fragmentation, reaching a guaranteed high-value audience with engaging content is becoming harder to achieve. That’s why this new native network offers such value to our brand clients.”

Shelley added, “Meanwhile publishers, many of whom have a long and trusted relationship with our sister company PA, can be secure that our bespoke content will add to their users’ experience and bring additional revenue opportunities.”

“We look forward to working with Nativo to power this network. Native is becoming an increasingly strategic part of UK advertisers’ digital programs. We’re excited to advance this growing reality for both advertisers and publishers. By making Nativo’s native platform available to publishers already working with the PA Group, they now have a new monetization channel leveraging content that consistently demonstrates valuable consumer engagement.”

https://pbs.twimg.com/profile_images/2145964122/LindseyHeadshotmedium_400x400.jpg
Lindsey Clarke, Managing Director at Nativo

Lindsey Clarke, Managing Director at Nativo, said, “Native advertising continues to show strong adoption among advertisers in the UK, posting growth as high as nearly 30% in 2016. Sticky Content’s new offering will allow brands to take advantage of Nativo’s high-quality, high-impact native ad format called True Native as well as native video.”

https://media.licdn.com/mpr/mpr/shrinknp_400_400/p/2/000/11a/107/1066e46.jpg
Gemma Sykes, Senior Marketing Manager at Best Western Hotels GB

“We’ve worked with Sticky Content for a few years now and are excited about the opportunity Nativo offers to distribute content across a native network. We look forward to hearing more about this partnership”, said Gemma Sykes, Senior Marketing Manager at Best Western Hotels & Resorts, a Sticky Content client.

Nativo’s flagship True Native offering consists of an in-feed native ad unit, combined with a branded content landing page. This combination sees significantly lower bounce rates and boasts an average of 90 seconds spent on articles. Additionally, Nativo advertisers have seen up to a 13x lift in brand awareness, a 6.4x lift in purchase consideration, and a 5.4x lift in purchase intent.

 

Germany’s Saarländischer Rundfunk Picks Nevion Ip Media Nodes and Switches

0
Germany’s Saarländischer Rundfunk Picks Nevion Ip Media Nodes and Switches

IP-based solution replaces microwave links for transport of TV, FM and DAB signals

Nevion, an award-winning provider of virtualized media production solutions, announced that Saarländischer Rundfunk (SR), the public radio and television broadcaster serving the German state of Saarland, has selected and deployed Nevion media nodes and IP-routers to connect their headend to their main transmitter sites. The deployment provides a more flexible, cost effective and secure solution than the existing STM-1 microwave systems.

As part of its roll-out of DVB-T2, SR decided to move the transport of signals to its main transmission sites to IP technology running on fiber. After careful evaluation, SR chose Nevion and local partner LOGIC Media to deliver the solution it required.

Marketing Technology News: Khoros Launches New Data Hosting Location in Sydney, Australia

Nevion TVG425 media nodes now provide DVB-T2 ASI to IP conversion and vice-versa, with full dual path redundancy for protection. Nevion VS 906 media nodes provide a similar conversion for AES and E1 to IP. Nevion eMerge IP switches provide IP aggregation and routing for all IP flows, which include two DVB-T2 multiplexes, four FM programs, an ETI data stream for DAB and various E1 channels, as well as IT in-house applications.

The legacy microwave connection remains in place as a back-up solution, in the unlikely event the new fiber connection should fail. For this purpose, the IP signal is converted to STM-1 on a port of the eMerge switches.

Marketing Technology News: Skafos.ai Appoints Jody Stoehr as Chief Revenue Officer as Part of Surging Sales Growth

Markus Kirst, engineer at SR, explains: “Nevion and LOGIC Media have a wealth of experience in IP technology, from simple point-to-point to large distributed networks, so they were the obvious partners for this project. The solution was delivered on time, and performs exactly as we expected.”

Fil Soares, Vice President of Sales Europe at Nevion, concludes: “We are delighted to add SR to our long list of customers who have chosen to deploy IP technology, and we are proud to deliver a solution that met the requirements in collaboration with our partner LOGIC Media.”

Marketing Technology News: Ruby Has Triples Las Vegas Space to Support Accelerated E-Commerce Demand

Influenster App Launches Short-Form Video Reviews Feature

0
Influenster
Influenster

Influenster now allows its users to record a video when they tap on “add media” on any product page in the app

Influenster, a leading product discovery and reviews platform, announced the addition of a video reviews feature that allows users to upload short-form product reviews on the app. With this update, users can add depth, context, and storytelling in addition to their text-based reviews and photo uploads.

Influenster Video Reviews
Influenster Video Reviews

Videos Under-60 seconds Add More Value to Product Reviews

Users can now record a video when they tap on “add media” on any product page in the Influenster app. They are led to a screen that gives them helpful tips on taking a good video review such as having the product nearby to reference during the review and using good lighting. Next, they are led to a recording screen to capture the video under-60 seconds with either the front-facing or rear-facing camera on a phone or tablet. They are then prompted to add a caption including the appropriate hashtags so that other users can search for related videos, using the same hashtag.

Read Also: Influencer Marketing & Your Customer Journey

Once they have uploaded the video product review, that clip will go live on that product page on the app as well as Influenster.com.

Brands now have access to video reviews to help potential customers better understand how the brand’s products function and promote sales.

This update is available as part of Influenster version 3.1.0 and above for iOS in the iTunes Store and for Android in Google Play.

Video Feature from Influenster Brings Value to Both Consumers and Brands

According to comScore, brand engagement rises by 28% when consumers are exposed to both user-generated product video and professional content. Video product reviews on Influenster bring value to both consumers and brands  ascontent creators get a new medium to express their opinions and brands gain a new channel to incorporate organic user behavior for sales conversions.

Read Also: Collective Bias, an Inmar Company, Publishes Landmark Research Study Measuring Sales Impact of Influencer Marketing

Emre Yenilmis, Chief Product Officer at Influenster, said, “The future of video storytelling is in the hands of consumers. Here at Influenster, we’ve listened to our members and brands and have updated our app to make the creation of video product reviews seamless and easy for users. In a matter of a minute, users are able to show and tell their product experience.”

Influenster’s Product Discovery and Reviews Platform Helps Customers Make Informed Decisions

Currently, Influenster offers a product discovery platform and reviews platform that enables consumers to find new products and get advice to make informed purchases. Members use Influenster to explore the latest products, gain fresh insight, pick up new tips, and share their opinions with others. It helps the members compare products and guide them on how products can be integrated into their lives.

The Influenster community of four million+ members is still rapidly growing. These product mavens with a heavy social media presence use their influence to spread the word about the products they know. Ever since the launch of Influenster’s reviews platform, over 17 million reviews have been created for more than two million products, with an additional one million reviews generated each month.

Read Also: Influencer Site #HASHOFF Partners with Kinetic Social

Invoca Introduces Signal AI to Unlock New Insights from Offline Voice Conversations

0

Invoca, the call intelligence company, today unveiled Invoca Signal AI, adding the power and scale of machine learning to the Invoca Voice Marketing Cloud. With Signal AI, marketers can uncover previously inaccessible insights from billions of phone conversations with customers. Signal AI analyzes the entire context of the conversation for language patterns, in real time, and identifies customer intent and behavior, as well as the outcome of the call. This gives marketers the ability to analyze offline phone conversations and optimize digital marketing campaigns just as they’ve done for online conversions.

“Invoca Signal AI is powered by enterprise cloud architecture and is PCI certified to ensure the security of sensitive customer information exchanged in conversations.”

Recommended Read: Will Artificial Intelligence Exceed Human Performance in Marketing and Sales by 2025?

Lauren Ishimaru Invoca
Lauren Ishimaru

Invoca’s Director of Product Marketing, Lauren Ishimaru spoke to Martech Series about this development.

MTS: What are the out-of-the-box predictive models offered by Signal AI?

Lauren Ishimaru: We have been working on Signal AI since 2016.

Our first set of predictive models is industry-based, which means we’ve trained our models using conversational data across key industries including, insurance, automotive, lending/financial services, telecommunications, home services and healthcare. We understand that not all companies want to identify the same insights from their conversations with customers, so we created over 25 distinct pre-trained Signals that we offer out-of-the-box for marketers to choose from. Our methodology for creating these industry pre-trained Signals is all performed with the strictest level of data governance, ensuring we are anonymizing data at each step of the model training process.

MTS: How does Signal measure marketing effectiveness for offline and online conversations?

Lauren Ishimaru: Signal AI uses the power of machine learning to analyze voice conversations in real-time. Marketers can use Signal AI to understand various outcomes of the conversation (a quote requested, a sale made, a positive customer experience, a cancellation). With this level of detail, marketers can accurately measure whether a sale was made over the phone and attribute the sale back to the paid search keyword, email campaign, paid social ad or display ad that drove the call.

MTS: How would Signal AI integrate with other AI/ML platforms, including Adobe Sensei, Salesforce Einstein, and IBM Watson?

Lauren Ishimaru: With more than 85 billion calls to business each year, it’s becoming even more important for marketers to integrate call intelligence with their marketing automation solutions to connect digital and offline consumer interactions. Signal AI delivers insights from calls that are analyzed as they happen to the leading digital marketing clouds we integrate with, like Adobe, Facebook, Google, and Salesforce. Valuable offline data provided by Signal AI can be used to improve the algorithms those platforms use to power their artificial intelligence to improve marketing spend and the customer experience.

MTS: Would Signal AI democratize on-call conversation data and help CMOs increase the ROI of their marketing budgets?

Lauren Ishimaru: For expensive or complex purchases, like a kitchen remodel or buying life insurance, consumers often research online and then call to purchase. According to a study by Google, 61% of mobile users call a business when they’re in the purchase phase of the buying cycle. These voice conversations are a goldmine of information for marketers, but marketers haven’t been able to or limited in their ability to gain access to all of the insights available in these voice conversations.

Either they don’t have the people or resources to manually listen to calls to uncover what’s happening, or they rely on keyword spotting technology that’s limited in the scope of solutions it can solve for. This means all of the rich insights from the voice conversation are lost.

Our new offering uses machine learning algorithms to analyze the entire context of voice conversations. Marketers can use Invoca AI to understand various outcomes of the conversation (a quote requested, a sale made, a positive customer experience, a cancellation) and use that information to better inform marketing spend and the next best engagement with that customer — like thanking them for a purchase or moving them to a nurturing cycle. Marketers can optimize their marketing performance by allocating more spend to the keywords or marketing campaigns driving calls that result in a purchase.

Signal AI Optimizes Digital Experience with Improved Offline Insights on Conversations

The Invoca Voice Marketing Cloud with Signal AI uses machine learning to give brands access to actionable data from the billions of phone conversations that happen with customers each year. Before Signal AI, marketers seeking these insights had to listen to individual calls or use basic keyword-spotting products that identify only pre-determined words or phrases.

Invoca’s new offering analyzes conversations in real time and identifies language patterns associated with specific intents and outcomes, such as “requesting a quote” in insurance, “booking an appointment” in home services or “placing an order” in telecommunications.

Marketers can use these insights to optimize their digital marketing investments, improve offline conversions, increase ad spend efficiency and drive revenue.

Enterprise customers including Allstate, Frontier Communications and 3 Day Blinds are already using Invoca Signal AI in private beta.

Signal AI Could Be Customized For Wider Variety of Customer Data

Signal AI offers pre-trained, out-of-the-box predictive models for marketers who are getting started with machine learning. These models are based on millions of calls from industries including insurance, automotive, lending, telecommunications, home services and healthcare.

Signal AI delivers insights from calls that are analyzed as they happen and automatically triggers the next action in a marketer’s technology stack. The Invoca Voice Marketing Cloud has over 30 integrations, including bid management solutions and CRM software, so marketers can use actionable data from live conversations to improve marketing spend and the customer experience.

More sophisticated marketers can customize Signal AI to understand a wider variety of customer behaviors and outcomes. These marketers, with access to internal data science teams, can use their company’s data sets to build and continuously tune custom Signal AI classifiers.

Marketers Could Use AI/ML Capabilities to Create Better Experiences using Unstructured Voice Conversations

According to BIA/Kelsey, calls to businesses are expected to exceed 169 billion by 2020. For expensive or complex purchases, such as a mortgage, life insurance plan, or home renovation project, consumers often conduct initial research online, and then call for advice before buying. Marketers have lacked insight into these revenue-driving phone conversations by narrowly focusing their efforts on optimizing for digital engagements. However, Innovative marketers are now recognizing the need to use artificial intelligence to gain insights from large volumes of data, such as unstructured voice conversations, to better serve their customers.

Dan Williams, Chief Revenue Officer at 3 Day Blinds, said, “We rely on digital marketing to find and build relationships with our customers, who then book appointments with us over the phone. A majority of our customers come through phone calls, so the importance of call intelligence cannot be overstated. With the new Invoca Signal AI we can more quickly identify the outcome of the call — whether a customer booked an in-home visit or inquired about pricing. We can use this information to measure our marketing effectiveness while also building a stronger relationship with each customer with personalized interactions.”

Customer Conversations Data Remains an Underutilized yet Valuable Data Source for Marketers

Gregg Johnson Invoca
Gregg Johnson

Gregg Johnson, CEO of Invoca, said, “People are using voice to interact with the world around them more than ever, and they’re using mobile phones, home devices and even landlines to call businesses at staggering rates. Customer conversations have been an underutilized yet valuable data source for marketers as they seek to understand, meet and even predict the subtlest of consumer needs and intents. Brands will differentiate themselves from the competition by leveraging rich insights from conversations to optimize digital marketing investments and improve the customer experience.”

Currently, Invoca helps the modern marketer optimize for the most important step in the customer journey: the phone call. With Invoca’s Voice Marketing Cloud, marketers can get granular campaign attribution to understand why customers are calling, gain real-time intelligence about who is calling and analyze what’s being said in conversations.

Marketers can put this data to work directly in the Voice Marketing Cloud by automating the ideal customer experience before, during and after each call. With an ecosystem of over 30 technology partners, marketers can inject call intelligence into their existing technology stack, giving them the ability to orchestrate a true omnichannel customer journey.

Recommended Read: Gong.io Launches First Real-time Conversation Intelligence for B2B Sales

Tech-Obsessed Americans Are More Impatient Today Than Five Years Ago

1
Fetch Media Logo
Fetch Media Logo

Fetch 2017 July Infographic Instant Gratification USAFetch, the mobile-first media agency, revealed the findings of its new YouGov research titled ‘The Instant Gratification Nation,’ which identifies that the United States is a speed-obsessed nation. As many as 41% of U.S. consumers admit to being more impatient today than they were five years ago, due to their overreliance on technology to complete everyday life activities.

The research also found that when using mobile apps for services:

  • Only 26% of US consumers are prepared to wait more than 30 minutes for takeout they ordered using an app such as Seamless or Uber Eats
  • When waiting for a taxi that was ordered via a mobile app (such a Lyft or Uber), 41% of US consumers are wouldn’t wait more than 15 minutes
  • In terms of demographic split, 45% of millennials are more impatient today than they were five years ago, due to their reliance on technology, while only 40% of those aged 55 and above claim to be more impatient today signaling a shift in their growing comfort using technology on a daily basis

 When it comes to technology frustrations, of those who gave a response the research found:

  • 24% of respondents would be most frustrated when making a complaint about a product/service and having to interact with an automated responder/ chatbot instead of a person
  • 16% of millennials also feel this way
  • The second most frustrating aspect about technology for all respondents (14%) was when browsing on a mobile phone is interrupted with irrelevant advertising
  • The third most frustrating thing about technology for all respondents (11%) not being able to find an answer using an online search engine
  • In addition, the research also found millennials are more receptive than the older generations to using artificial intelligence assistants like Siri, Alexa, Google Home in order to improve the speed at which they carry out everyday tasks (50% of 18-34s said they would be comfortable doing so compared to 39% of those aged 35 and over).

Fetch has determined key ways in which brands need to interact with this impatient and technology-obsessed generation:

  • The need for speed is essential but it is also important to provide a seamless user experience across different devices. Millennials are likely to view brands on their mobile, tablet and laptops, so a cross-channel experience is essential i.e. the ability for a consumer to view a website on one device and continue their surfing where they left off on another device
  • Millennials rarely read text on the go, preferring video content. Brands should therefore focus on mobile video as this media is quick and easy to digest
  • Personalization is an effective way to appeal to millennials providing them with a more intimate experience, meeting their more immediate gratification demands whilst fostering a strong brand connection.

Julian Smith, Head of Strategy and Innovation at Fetch said, “The Instant Gratification Nation research highlights that the U.S.’s obsession with technology has created a young generation of impatient consumers who prefer to consume content fast on the go via their mobile devices.There are clear differences in the way millennials and over 55-year olds interact with technology and this is an important lesson for brands when considering how to approach them and improve their services.”

Also Read: The Right Time for the Millennial Marketer

Social Circle Adds Science To Influencer Marketing By Making ‘Social Valuation’ Tool Publicly Available

0
Social Circle
Social Circle

Social Circle, the social influencer marketing service, has today made its Social Valuation platform publicly available, which provides engagement metrics vital to achieving accurate measurement and transparency across the industry. Social Circle’s platform was previously reserved for registered users across brands, influencers and agencies working directly with Social Circle’s managed service.

Social Circle’s Social Valuation tool draws on extensive campaign data and a cost per engagement metric to assign a potential value for social influencers. These values are based on the amount of engagement on each influencer’s channels and how that corresponds to potential worth in marketing campaigns. The platform offers access to a growing database of over 50,000 influencers spanning the globe.

Social Circle’s offering to influencers is uncontested, with its unique Social Valuation tool it provides real-time metrics for influencers cost, and reach to work out the best campaign for brands. This challenges the traditional model of measuring views, and subscribers. Social Circle has attracted brands such as Nickelodeon, Barclays, Soap & Glory, and Chupa Chups as well as a host of media, PR and creative agencies.

The move provides the industry with a standardised benchmarking system that is cross-platform, and designed to understand the true worth of influencer marketing, removing the guesswork from evaluating campaigns, and avoiding the pitfalls of bad practice such as fake engagement numbers and over or underpayment of influencers.

The Social Valuation tool, which is already used by a number of brands and agencies, attributes varying levels of value to influencer engagement across platforms – whether it is a tweet, retweet, share, like or view – by assigning weighted ‘engagement points’ to each action, allowing brands to assess influencer campaigns against a database of other similar work.

As part of the offering, Social Circle will also provide influencers with free draft contracts and advisory materials when they sign up to the platform, empowering influencers to effectively manage their relationships with brands autonomously.

Matt Donegan Social Circle
Matt Donegan

Matt Donegan, Managing Director at Social Circle said; “A lack of science in influencer marketing has left pricing largely based on unreliable metrics or, worse still, gut feel. This leaves some campaigns vastly overpriced compared to what they deliver back to the brand, or leaves influencers short-changed. We want this move to be a stick of dynamite that will blow away bad practice amongst the industry and level the playing field to allow all brands to generate huge value from well-run campaigns.”

“It’s clear that consumers are increasingly tuning out of traditional advertising and into influencers, with brand budgets naturally following. So, as influencer marketing receives ever-greater investment it’s crucial that we have a standardized way of pricing and evaluating campaign success, and in doing so protect the value of the industry. In this sense it was a no brainer to open up our platform to anyone one who wants to use it. We’ve already got years’ worth of campaign data on the platform and our agency and direct clients all love the transparency we’ve been offering. It’s time to share our data.”

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

Interview with Hernan Lopez, Founder & CEO at Wondery

0
Hernan Lopez Wondery
Hernan Lopez Wondery

[mnky_team name=”Hernan Lopez” position=” Founder & CEO at Wondery”][/mnky_team]
[easy-profiles profile_twitter=”https://twitter.com/hernanlopez” profile_linkedin=”https://www.linkedin.com/in/hernan-lopez-b390a410b/”]
[mnky_testimonial_slider][mnky_testimonial name=”” author_dec=”” position=”Designer”]“The ads work best when there is a genuine connection between the host of a show and the product they’re advertising.”[/mnky_testimonial][/mnky_testimonial_slider]

On Marketing Technology

MTS: Tell us about your role at Wondery and how you got here? (What inspired you to be a part of a technology innovation company?)

Before I launched Wondery, I was the CEO of Fox International Channels. At some point, I became convinced that smartphones were becoming the “first screen” for many people – and I wanted to create a media company that was smartphone-centered, yet in a space that was young enough that the whole ecosystem was still being shaped. I also wanted to be a passionate consumer of the product. Podcasts were the only form of media that checked every box.

MTS: Given the shifting dynamic of social media engagement with the B2B customers, how do you see audio-on demand networks evolving in the coming years?

Podcasts are the place where you can have substantive, meaningful conversations, whereas in social media you can engage through short bursts of attention. The kind of messages that B2B customers need to convey are more suited for the long-form, personal style of podcasts.

MTS: How should marketers plan adoption of audio on-demand platforms into their content marketing stack?

Marketers should follow the consumer: they spend 4 hours a day with audio (second only to video), and a lot of that time is moving to mobile, specifically to podcasting. This year, the IAB reported that ad spend going to podcasts is growing by 85%, after having grown by 75% – yet any large brand can still achieve a significant share of voice by allocating a relatively small share of their overall budget.

MTS: How are CMOs allocating budget for podcasts? How are these tools identified, measured, and tracked for ROI?

Podcasts have long been an important part of the marketing mix for businesses that sell online. They’ll measure ROI through custom URLs and promo codes. Branding advertisers, such as packaged goods, cars or luxury products, measure ROI through brand lift studies across the funnel.

MTS: What’s the biggest challenge that CMOs must address while integrating automation and targeting tools with audio-on demand platforms?

The ads work best when there is a genuine connection between the host of a show and the product they’re advertising. Finding and nurturing this connection is not something that’s easily automated.

MTS: What startups are you watching/keen on right now?

Wondery, and our dynamic ad insertion platform, Art19

MTS: What tools does your marketing stack consist of in 2017?

Podcast ads are the most advertising effective medium to promote our product, i.e. podcasts. We complement those buys with social media and are exploring email marketing.

MTS: Could you tell us about a standout digital campaign? (Who was your target audience and how did you measure success)

We ran a campaign for DoveMen+Care using immersive ads, one of our signature host-read ad with sound effects. DoveMen+Care was launching “Elements”, a new range of products with ingredients inspired by nature. We ran immersive ads on four shows and we surveyed their listeners. MetrixLab ran a test/control brand lift study, and this campaign generated outstanding ad awareness, a 23-point lift in brand awareness and a 13-point lift in purchase intent for “Elements.”

Read AlsoCannes’ Festival of Creativity is the Cradle of MarTech and AdTech Innovation

MTS: How was your presentation at Cannes received? Given that you were the only podcast network to present?

Our presentation, Storytelling in The Dark, was the first-ever Cannes presentation in pitch-black darkness, and is centered on the idea that sound is more important in influencing emotions than people realize. Sound is received by the brain before sight, smell or touch. This idea is as valuable to advertisers as it is to creators of audio shows because it gives hosts the power to turn every creative ad brief into an audio drama. The audience loved the presentation. We had 1000+ Cannes attendees wearing Wondery eye-masks in the middle of the afternoon, and overheard people talking about it for the rest of the festival.

Read MoreCannes Lions Exclusive: How the AOR Cycle is Killing Creativity

MTS: How do you prepare for an AI-centric world as a marketing leader?

I start by being a frequent user of everyday AI applications including Alexa, and seeing the impact they have on my own purchasing behavior.

This Is How I Work

MTS: One word that best describes how you work.

Out-of-the-box.

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

The staple on my phone is Apple Podcasts.

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

I like the Salesforce Inbox app. It takes a lot of the administrative tasks out of email. I can compose an email when it’s convenient for me, but it won’t send until the recipient is online, so it doesn’t get lost in the shuffle.

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

I just finished Out on The Wire, by Jessica Abel. I highly recommend it; it’s a fascinating look inside the storytelling techniques of radio legends and podcast creators. I take in information every way possible, almost exclusively through my iPhone.

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

Don’t try to impress people.

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

I spend a lot of time trying to evaluate the relationship between cause and effect.

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

Daryl Lee of Universal McCann.

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

[vc_tta_tabs][vc_tta_section title=”About Hernan” tab_id=”1501785390157-b58e162d-0ae25a4b-c27a3f6c-b6ee”]

Wondery

Hernan Lopez is Founder and CEO of Wondery, a new media company specialized in Mobile and On-Demand Audio. Wondery creates and curates high-quality podcasts to make them available to consumers, brands and paid audio platforms, and provides writers with a new storytelling medium.

Hernan started his career in radio and went on to become President and CEO of Fox International Channels (FIC) until early 2016. During his 18-year tenure, including 5 as CEO and 3 as COO, FIC grew to $3bn in revenue, launched hundreds of channels, and expanded into premium, sports and original production in multiple languages. FIC pioneered the global day-and-date launch of TV shows with “The Walking Dead”. Today, Fox, National Geographic and Fox Sports are consistently among the most valued TV brands internationally by consumers, advertisers and affiliates.

[/vc_tta_section][vc_tta_section title=”About Wondery” tab_id=”1501785390320-2d44fa50-740c5a4b-c27a3f6c-b6ee”]

Wondery is brand-new media company specialized in mobile and on-demand audio storytelling. Wondery will create and curate podcasts to connect wonderers and brands to a world of entertainment and a world of knowledge.

[/vc_tta_section][/vc_tta_tabs]
[mnky_heading title=”About the MarTech Interview Series” link=”url:http%3A%2F%2Fstaging.loutish-lamp.flywheelsites.com%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.

XDBS to Launch Employee First Initiatives

0
XDBS to Launch Employee First Initiatives

XDBS has implemented significant employee first initiatives to strengthen a positive office culture while also increasing engagement.  In today’s competitive market for talent, healthy office culture is imperative. With employees spending most of their time (some 50 hours a week) in the office, it’s no surprise that the Human Resource teams consider developing and nurturing corporate culture and employee engagement to be their number one priority. 

The company has always believed in putting people ahead of profits. XDBS is invested in the employees and their welfare, and that has resulted in improved performance and has also increased profitability. XDBS holds a bi-annual volunteer event, where employees volunteer their time for the day. The company rewards employees who volunteer on their own time with gift vouchers and certificates.  

Marketing Technology News: TeamSupport Launches an Innovative Reporting and Analytics Product – TeamInsights

The company strongly advocates work-life balance and thinks it is an integral part of every employee’s health and wellness. They encourage quarterly field trips and staycations for all its employees. The company believes these social events help people bond with others on the team they don’t interact with daily and build a better sense of community. 

Marketing Technology News: Equifax Announces New President of Canadian Business

Another employee’s first initiative the company has undertaken is the “Value-Based Employee Recognition,” XDBS firmly upholds its core values and wants all employees in the company to live by them. Keeping this in mind, the company has created an employee recognition program that is aligned with their core values. The value-based employee recognition program ensures everyone on the team knows how the company’s core values are followed in practice by pointing to specific examples of behaviors that exemplify them. These initiatives inculcate a sense of ownership and enable sustained growth and success, says Mr. Kartik Anand, Chairman, and CEO of XDBS. 

Marketing Technology News: Kibo Named a Strong Performer in Experience Optimization Platforms

Placecast Partners With Sprint’s Pinsight Media to Launch the First Independent Location Verification Product for Advertisers

0
Placecast
Placecast Partners With Sprint's Pinsight Media to Launch the First Independent Location Verification Product for Advertisers

New Location Verification Solution From Placecast Leverages Carrier Data To Verify The Accuracy Of Mobile Marketing Efforts For Advertisers And Media Buyers, Eliminating Wasteful Spend

Placecast, a leading location-based mobile data management platform, has announced the launch of Location Verification. The new solution is an independent ad verification product that validates location accuracy of geo-targeted mobile ad campaigns. The Location Verification product has already been deployed by media technology companies like MediaIQ.

With Placecast’s suite of products, advertisers can create custom audience segments and target customers with location-enabled mobile ad campaigns on Placecast’s demand-side platform (DSP) or evaluate the accuracy of campaigns and their impact on customer behavior.

Placecast’s Location Accuracy Solution Would Optimize Ad Dollar Spending

Location Verification from Placecast is the only product in the market using highly accurate carrier data from Pinsight Media, a wholly-owned subsidiary of Sprint, to confirm the location accuracy of mobile ads. This solution will help reduce mobile ad dollar wastage and ensure that target audiences are reached more effectively.

Recommended Read: The Importance of Data Analytics in Marketing Strategies

Location Verification debuts at a crucial time in the industry as an estimated $16 billion will be spent on targeted mobile ads in the US this year. 96 percent of marketers consider location data to be important, but 40% expressed concern around the quality of location data. Rightfully so, as initial Location Verification results show at least 25% of media spend is wasted, and in many cases much more. Of the $16 billion spent this year on targeted mobile ads, approximately $4 billion is squandered.

‘Truth Set’ of Location Data Empowers Mobile Advertisers to Confidently Geo-Target Audience

Kevin McGinnis
Kevin McGinnis, CEO at Pinsight Media

Kevin McGinnis, CEO of Pinsight Media, said, “It’s staggering to see how many millions of dollars are wasted every year based on old or inaccurate data. We are proud to support solutions like Location Verification that help raise the  bar in the mobile advertising industry.”

Recommended Read: MarTech Interview with Jared Blank, Sr. VP Data Analysis and Insights at Bluecore

Traditionally, location-based ad vendors do not have this kind of “truth set,” or deterministic data, to which they can compare and verify location data. Instead, they rely solely on pattern recognition — probabilistic modeling — such as eliminating latitude and longitude coordinates with too few decimal places to be precise, or looking for devices that appear so often that they can be assumed fraudulent.

Alistair Goodman
Alistair Goodman, CEO of Placecast

Alistair Goodman, CEO of Placecast, said “Since inception, we’ve been laser-focused on solving the complexities around location data, which is why we’re pleased to offer Location Verification, the first and only product set to tackle inaccuracy in the location space. Carrier data is a canonical truth data set that enables us to understand and score the accuracy of data in the mobile ad ecosystem to an unprecedented level. With the power of carrier data to verify accuracy, mobile advertisers can feel confident that they’re optimizing their ad spend toward reaching their appropriate geo-targeted audience.”

Partnership with Pinsight Media Takes Location Data Verification Beyond Pattern Recognition

The Placecast Location Verification product is unique in that it uses a truth set of location data — the holy grail of deterministic data — from Pinsight Media to test the accuracy of location, offering a level of accuracy that cannot be provided by pattern recognition alone. Placecast’s tests suggest truth set data uncovers at least twice as much inaccurate location data compared to pattern recognition.

Recommended Read: Is All That Big Data Making Your Head Spin?

Geo-Targeting Reduce Media Fraud, Delivering Optimized Campaigns

Advertisers implement a standard tag into their location-aware mobile ad campaigns. Placecast then analyzes the tag data to validate user location at the time an ad was served. The advertiser receives reporting with percentages of daily impressions that met or did not meet the advertiser’s geo-targeting parameters. As a result, media fraud is reduced and advertisers benefit from optimizing their campaign, selecting vendors that best deliver on campaign goals.

John Goulding
John Goulding, Global Product Director at Media iQ

John Goulding, Head of Product for MediaiQ, said, “By integrating Placecast’s verification capability into our AiQ analytics platform, we’re able to offer advertisers a level of confidence in location-based advertising which hasn’t been previously available. Furthermore, with verified location insights we’re one step closer to providing an accurate and comprehensive view of the entire customer journey–both online and offline.”

Read Also: Snap Acquires Placed, a Location Analytics Company

Location Verification Uses Anonymized and Aggregated Location Data

Rather than building data profiles or targeting specific customers, Location Verification simply uses anonymized and aggregated location data from carriers to verify whether the media being bought is accurate or not. Essentially, Pinsight Media’s data is used as a “yes or no” check for location. No personally identifiable information is used or exposed.

Read Also: Exponential Taps Offline Location Data via Partnership with Cuebiq

Analytics TechBytes with Jason Rose, SVP Marketing at Gigya

0
Jason Rose Gigya
Jason Rose
Jason Rose, SVP Marketing at Gigya

Gigya, the leading customer identity management platform, had introduced Lite Registration, a new capability in its Customer Identity Management platform which leverages the universal consumer identifier — the email address — to help brands connect with customers earlier in the buyer journey. We spoke to Jason Rose, SVP Marketing at Gigya to understand how the company distinguishes between different data points and the possible impact of GDPR and regulatory policies on marketers providing hyper-personalized customer experiences.

MTS: Tell us about your role at Gigya and how did you arrive here to be a part of a MarTech company?

Jason Rose: Before launching a career in marketing, I worked as a professional accountant. My background in accounting has given me a metrics-based approach to marketing. Prior to Gigya, I led marketing for DataSift, the leader in Human Data Intelligence, and marketing efforts for SAP’s Business Intelligence and Advanced Analytics solutions. At SAP, I helped scale the business to more than $2.1 billion in revenue by creating innovative programs to target large enterprises, small and midsize companies and volume solutions.

Now at Gigya, I am senior vice president of marketing. Gigya identifies, engages and builds customer profiles to create relevant, personalized experiences and is designed to meet privacy, compliance, security best practices. Customer identity and access management wasn’t a market when I joined Gigya, and, as a marketer, category creation has always been on my bucket list. Gigya has provided me with the opportunity to pave the way with a new category which has been an exciting venture.

I also joined Gigya because the company plays a key role in some important burgeoning trends; namely, new privacy regulations put forth around the world (like the Russian Federation’s Personal Data Protection Act and GDPR), and using deterministic/first-party data to help companies comply with these worldwide privacy laws and regulations.

MTS: Could you help us understand the difference between Audience Data, B2B Data, Identity Management and Location data?

Jason Rose: Both audience and B2B data operate at a segmentation and grouped level making them more anonymous and “probabilistic” in nature. For example, DMP’s and other 3rd party data providers will sell you audiences based on inferred characteristics that have a % of accuracy. In contrast, with identity management, you are dealing with individuals so the data is “deterministic” and close to 100% right. So it comes down to whether a 10% margin of error acceptable or do you want to be sure you are making the right offers and personalizations. Location data is about knowing where someone goes and in what order they travel from place to place, so it is more specialized and an example of individualized data that needs to be treated carefully and creatively so it doesn’t come off as invasive and “creepy”.

MTS: How would you define Data Privacy from a consumer’s and a marketer’s Points Of View?

Jason Rose: Data privacy from a consumer standpoint is about the consumer’s ability to control how their personal information is being used by the companies they do business with or the sites they visit online. For marketers, however, data privacy has a much broader definition. For them, any online data, however inaccurate, out-dated and often ill-gotten (usually through third-party data brokers), is fair game. However, as a result of using this data, consumers don’t trust brands or marketers with their data. A recent survey found that 68% of consumers don’t trust brands with their data, reducing the hope for marketers to establish a lasting, personalized relationship with such customers.

MTS: How does Gigya’s Customer Identity Management help in finding the exact marketing attribution touch-points?

Jason Rose: Gigya’s Customer Identity Management platform helps today’s enterprises build great customer experiences at scale while balancing data privacy and security. Gigya establishes meaningful connections — based on trust — that encourage customers to self-identify and engage. It enables true permission-based marketing by unifying customer identity data in a secure, compliant and privacy-friendly platform. By doing this, Gigya captures touch points across devices and browsers and ties it back to deterministic data sets to get a complete view of the customer journey.

MTS: What is the biggest unforeseen challenge for marketers in turning customer identity data into actionable campaigns?

Jason Rose: The biggest unforeseen challenge for marketers is getting the customer to move from “anonymous” to “known,” and then showing the value that the customer will gain in exchange for their personal information.

Once this barrier is crossed the challenge becomes centralizing that data and using it consistently across the entire digital stack. While this may seem easy, in a recent conversation with one of our customers they had identified over 3,000 systems that contain customer data.

MTS: Do you think Mobile-First brands have to find better ways to tackle Data Privacy issues? What are the possible action plans for such marketers?

Jason Rose:  Both Mobile-First and traditional brands must tackle data privacy issues. Mobile-First adds another layer of privacy issues that marketers need to think about — location information and other requirements that must be treated even more carefully than traditional types of data. Making sure the consumer has transparency into what data is being collected and how that data is going to be used is critical in establishing trust. The best plan of action marketers can take to solve these data privacy issues is to lead with transparency. Communicating which data is being collected and needed to provide great customer experience will help establish trust between the brand and consumer.

MTS: Do you agree that marketers are finding it difficult to manage Big Data? How does Gigya help such marketers?

Jason Rose:  I agree that marketers are having a hard time managing Big Data. Gigya helps the issue of managing Big Data by putting the individual first and all the Big Data transactions (web behavior, devices, touch points, etc.) second. By putting the individual first, Gigya helps marketers take action on the Big Data and look at it through the lens of the customer.

MTS: Will ID Management ever become a part of Marketing Automation like LinkedIn is trying to do? Or, will it continue to be a stand-alone category for CMOs to choose and invest in?

ID management will remain a separate category because it spans multiple marketing clouds and systems. The CMO is constantly working across all these systems and will continue to do so versus being embedded in one system. Just like the example I gave above it’s easier to have ID sitting outside your 3,000 systems that require this data vs. changing 3,000 systems.

MTS: Do you think regulatory policies are a barrier for marketers in providing hyper-personalized experiences to customers owing to adherence to Data Privacy?

What we are seeing with GDPR, for example, is an attempt to put consumers back in control of their online data. But these regulations don’t have to be restrictive for marketers. The answer is easy: To comply with regulatory requirements and concurrently personalize communications with consumers, marketers must rely on first-party, permission-based data.

MTS: Thanks for chatting with us, Jason

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

Does This Come in Men’s? The E-Commerce Gender Gap

4
Gender Gap in e-commerce

Gender gaps. They’re everywhere and always have been. And as the world becomes more complex, so too do our gender gaps grow in variety and complexity.

On that score, we’ve got a big “gap” to enter into the record: e-commerce.

It’s true: the sexes behave differently when shopping online. And no, that’s not intended as a revelatory statement. But while we all assume that men and women shop with dissimilar needs and mindsets, many brands aren’t taking these differences into account.

And that’s not our opinion. It’s the opinion of the 781 people we talked to (more on that in a bit).

So let’s talk about the e-commerce gender gap—what it is, where it comes from, and how to design for it.

What We Knew at the Outset

Shopping online ecommerceThanks to work by Office of National Statistics, we knew that there are, indeed, some recognized digital shopping differences between the sexes: men buy more films, music, electronics, video games, and software than women. The only category where women buy more? Food.

We also learned that scientists still can’t link differences in male and female behavior to the make-up of our brains, which adds credence to the widely accepted belief that behavioral gender differences are a product of cultural norms, not biological sex. So, any gaps are (probably) the product of nurture.

We Wanted More Information

Everyone’s got an opinion on gender gaps—including us—but we wanted up-to-date facts and data. So we conducted in-store ethnographic research, reviewed 55 reports and articles, checked out a number of existing online experiences, and tapped-in to our proprietary consumer research panel (aptly named, “Curious”). The enthusiasm from our panel was shocking—781 consumers volunteered (a huge sample), and a further 24 people sat for qualitative interviews.

In a nutshell, here’s what we learned.

Men are needs-focused researchers. They’re drawn to detailed product descriptions. When they find what they want, they make their intended purchase, and they’re done.

Women are socially influenced browsers, and when they shop, they enjoy sifting through lifestyle-focused editorial content. They fill up bigger baskets and abandon more items with an eye toward return policies.

Women spend more time.

Men spend more money.

Those are stark differences, but they don’t necessarily mean that the needs of men and the needs of women are worlds apart (certainly not as far as Mars and Venus). Our research showed us that an 80/20 is a good rule of thumb. At least 80 percent of the overall digital makeup of an e-commerce experience is inherently gender neutral—e.g., the back end build, the branding, the buy-flow fundamentals.

But that still leaves 20%, which is nothing to sneeze at; after all, even a small percentage increase or decrease in conversion is enough to make or break many online retailers.

The “20% Difference”—Design Cues

The e-commerce gender gap inheres in design details. Brands interested in greater gender-relevance need to look at four chief things: color, typography, photography, and tone-of-voice. Here are three examples:

Vaunted Swiss Watch Brand, Breitling, is a case study in male e-commerce design: Dark, nearly monochromatic palette. Bold sans serif type. Pared back, simple. High-contrast photography of the product. These design cues are irresistible to men.

Paul Valentine is the yin to Breitling’s yang. The color palette comprises light, soft, pinks. Black hues aren’t black, but darker shades of gray. The type is sans serif, but light and airy. And the photography is soft. These are traditional hallmarks of a marketing aesthetic targeted to women.

Sportswear brand Rapha, on the hand, has come close to closing the gender gap. Their bold sans serif typeface is tempered by their logo design and the use of italics. A black-and-white palette is set off by a bold pink. These variegated design cues are consistent with their products; even their men’s jerseys have pink accents. This is a brand that’s flying the middle way through the gender gap, and carefully signaling to both sides.

So, What About The Funnel?

That’s a good question—at least as important as understanding how to wield or integrate different design cues.

Let’s break the funnel down into four parts: Discover, Consider, Buy, Use.

Discover

In our research, we heard men gripe about the very existence of a discover phase. Having to “discover” is irksome to them. In their own words: “I usually know what I want to buy” and “too many choices…makes shopping very tiring.” So if you want to get on a man’s radar once he decides to shop, you’re too late—he’s already set on that pair of Chuck Taylors. You need to catch him earlier on (pre-funnel), like H&M is trying to do with its recent launch of an Instagram feed geared toward men.

Women are more social, more likely to click through e-commerce, and more willing to be inspired once they open up an app or web browser. One respondent told us, “I can end up on a website I have never used before because they have targeted me through advertising or Facebook—online I am much more impulsive.”

Consider

When it comes time to consider a purchase, the differences grow starker. Especially when it comes to imagery. Men want to see close-ups of fabric and stitching—women want lifestyle context (e.g., “how do I wear this?”). Men like to see products from multiple angels. Women want to see how the item fits into a look. In terms of content, men are drawn to the story behind the brand and the production, while women want to see a larger fashion context—the point of view of leading bloggers, how other women are wearing it, and where (and on whom) a piece of fashion is showing up.

Buy

This part is really interesting. Men want to get the purchase right the first time and will do anything to avoid returning an item. So make it easy for them to buy and get out, and don’t bug them about return policies. Women, on the other hand, are 17% more likely to abandon their cart and are far more willing to return items. Jimmy Choo has gone as far as to integrate product recommendations into the buy page (wildly controversial), leaning into the fact that every part of the journvey—even the buy–can be part of a larger, fluid, continual process for many female shoppers.

Use

After the buy, in the use phase, it’s time to personalize, personalize, personalize. Shoppers complained of having received product recommendations that completely missed the mark (e.g., men receiving an email about women’s clothing because they once bought something for a niece or a girlfriend). Send them something relevant, and relevant to their age and gender.

The Good News

To design an e-commerce experience that doesn’t fall victim to the gender gap, there’s no reason not to invest a little time and inexpensive effort. If you’re a company with a template and a giant CMS, think “tweaks,” not overhauls. Hire a copywriter and an art director and focus on nudging some basic design cues in the right direction for men and women—or design skillfully down the middle, if you’re up to the challenge.

A Final Thought: Gender is Fluid, and on the Move

One more noteworthy thing kept surfacing in the course our research: different generations view gender differently. Make up tutorials for men are thing online. Facebook has 71 gender options and counting. Younger consumers in particular have begun to see gender as fluid and negotiable—something to put on and take off. As such, traditionally gendered signifiers of shopper identity are shifting.

And some brands are catching on.

Designer Bobby Kim has built The Hundreds on the idea that gender-neutrality can open up new experiences and mindsets to shoppers, such as making it “okay” for men to be “in to” fashion, or even reversing timeworn asymmetries between the sexes. He asks, “how come it’s okay––trendy, even––for girls to covet their guy’s clothes, but not the other way around? Isn’t it time for a women’s label that men beg for?” The popularity of the brand suggests he’s on to something.

So when we talk about gender differences in the context of e-commerce, we’re talking about the immediate present. But, as we’ve learned, the topic needs to be continually revisited and re-evaluated, because new generations are going to completely redefine our object of study.

And it’s highly likely that e-commerce designers won’t just find themselves reacting to evolving codes and norms of gender—they’ll probably help define them.

Also Read: The Line Between Etailers and Retailers is Blurrier than Ever