Tagged 'big data'

How to Choose a DMP

Posted by Chris O'Hara on December 11th, 2012 at 1:01 am

A Conversation with Bridget Bidlack of [x+1]

Today, data is like water: Free-flowing, highly available, and pervasive. As the cost of storing and collecting data decreases, more of it becomes available to marketers looking to optimize the way they acquire new customers and activate existing ones. In the right hands, data can be the key to understanding audiences, developing the right marketing messages, optimizing campaigns, and creating long-term customers. In the wrong hands, data can contribute to distraction, poor decision-making, and customer alienation. In order to combat that problem, there are now over a dozen data management platforms (DMPs) configured to help marketers and publishers leverage their first party data, and take advantage of the growing universe of 3rd party data. I recently sat down with a DMP veteran, Bridget Bidlack, to ask how one should approach choosing a platform.

To the unpracticed eye, it seems like many DMPs do exactly the same things. What are some of the subtleties and differences between the major platforms?
Bridget Bidlack (BB): It’s true that, to someone unfamiliar with the technology, the differences may seem subtle, but that’s often the case no matter what you are discussing. I recently came across a catalog that... Read more

Big Data Dreams: A Wake-up Call

Posted by Scot Wheeler on August 21st, 2012 at 7:16 am

Following on the heels of “develop our social media strategy” and “develop our model for social media ROI”, the latest critical “to-do” item for digital marketing teams is “utilize big data”.
Like the two prior objectives mentioned above, digital marketing managers are feeling pressured to take action on an approach that has become prevalent in business and mainstream media, and that has resultantly reached the general attention of executive management, prompting them to whip-up a frenzy of activity to ensure that they’re keeping their company up with the latest digital trends.
All three of these digital marketing activities have true potential to drive more effective marketing. Unfortunately, for the first two, the sense of urgency and intensity surrounding their introduction in most organizations in combination with a persistent general oversimplification of the effort required to achieve them and a risk aversion that has spawned experiments rather than true investments has resulted in unrealistic expectations, disappointment at results, and a failure to fund the subsequent effort that would actually ultimately deliver the expected returns.
The Next Big Thing
The current interest in building a “Big Data” approach to marketing runs this same risk. The topic of “Big Data” is everywhere, with promises... Read more

Influencing Customer Behavior: The How and Why Behind Big Data Marketing

Posted by Glenn Pingul on July 13th, 2012 at 8:51 am

Think back to your favorite fourth grade memory.  Was it playing pee-wee football?  Having your first ‘girlfriend’?   Going to an overnight camp?  All fond recollections but for me it was the annual science fair.   Yes, I admit it.  I was the kid who got uber excited about scheming the perfect science experiment to showcase at my school…and if successful, take all the way to the county fair.
Although I would love to say my “Which Laundry Detergent REALLY Works the Best?” experiment led me on a path of groundbreaking discoveries, I reluctantly decided to walk away from my love for science.  Lucky for me, my past love for science and my current passion for marketing are colliding.
Now I know the idea of combining science and marketing can sound like oil and water to some marketers but ‘Big Data Marketing’ is proving to be a major game changer for how brands engage with their customers.
Let’s start with the birds’ eye view.  Big data marketing allows a company to use all of the data they have about their customers to then influence specific behaviors – behaviors that align with some key objective such as driving purchases, increasing satisfaction, or building brand loyalty.  Key... Read more

How 1:1 Customer Engagement is Stealing the Spotlight from Traditional Segmentation

Posted by Glenn Pingul on February 29th, 2012 at 3:11 pm

There’s been a lot of buzz in the media the past few weeks after the ‘all revealing’ NY Times article – How Companies Learn Your Secrets.   According to the article, “one study from Duke University estimated that habits, rather than conscious decision-making, shape 45 percent of the choices we make every day, and recent discoveries have begun to change everything from the way we think about dieting to how doctors conceive treatments for anxiety, depression and addictions.”
So think about applying this to your mobile marketing strategy.   Is how you engage with end users aligned to their daily routines – what they do day in and day out, how they actually behave – or solely based on ‘who’ they are?    We’re all familiar with traditional segmentation.   But what’s more helpful – knowing that I’m categorized as a “suburban sports enthusiast” or knowing that I make the same drive, around the same time each day and am 73% more likely to respond to a SMS offer in the morning rather than in the afternoon?
One might argue that marketing to ‘segments’ isn’t much better than mass marketing.  So, what is the alternative?  The alternative is having a ‘dynamic understanding of the user’.   What... Read more

Buyerology Trend: Think BIG Insights vs. BIG Data

Posted by Tony Zambito on December 20th, 2011 at 2:26 pm

This is the second in a series of articles planned on looking at buyer trends that will influence marketing and sales in the near and foreseeable future.  This article looks at how understanding today’s conventional and social buyers takes BIG Insights versus BIG Data
Buyer Trend: Buyer Behavior Changing Rapidly and Buyers Are Saying – Get Me Please!
Evident over the past two years are monumental shifts that are occurring in buyer behavior.  We’ve seen buyers entering the buying stages in unpredictable ways and deferring direct interactions further down the buying process.  There have been generational differences noted between the rise of the younger social buyer as well as hybrid behaviors of traditional buyers.  Buyers at first seemingly consuming information at a rabid thirst pace while other buyer groups demonstrating content fatigue and rejecting content outright.
Rather than rehash the mountain of information that can be found about what buyers are exhibiting, suffice to say that buyers are adapting, changing, evolving, and developing new processes along the way.  We know, to a degree, what buyers are doing.  And data-driven marketing and BIG data has become BIG business to tell us what buyers are doing.
In the past two plus years, we are seeing a... Read more