4 steps to make customer data actionable
TRANSCRIPT
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Welcome
This Presentation is available as an online webinar. • https://info.talend.com/en_bd_4steps_customerdata_actionable.html
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“Big data is what
happened when the cost
of keeping information
became less than the
cost of throwing it away.”
– Technology Historian George Dyson
Data, Data, Everywhere…
45x
savings. $1,000/TB for
Hadoop vs
$45,000/TB for
traditional
4.6B
Mobile phone
subscribers
167x
Walmart’s database
vs.
America’s Library of
Congres
50x
The amount of data will
grow 50X from 2010 to
2020
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The rise of the middle class – THE CUSTOMER
“Between 1990 and 2005 more than 1
billion people worldwide entered
the middle class”
“The rise of the global middle class” - BBC
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Connecting the Data-Driven Enterprise
Data-Driven companies…
• 23 times greater customer acquisition
• 6 times greater customer retention
• 19 times more profitability
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BUT, “Customer Data” is everywhere
Centralized Cloud Big Data Social, Mobile
Return On
Information (ROI)
Value
Time
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Companies struggle to reconcile their data
But the gap seems insurmountable
Of contact Data Is inaccurate
25%
Of marketing orgs do not have a customer 360° view across
channels
65%
Of contact Data had at least 1 change
in past 12 months
71%
Sources: Sirius Decision, Integrate, Experian,Garnter, Privacy Clearinghouse, Target Marketing, Forbes insights
Personal records compromised in the US since
2005
534M
Annual financial impact of bad data quality per org.
14M$ 34
Data sources make-up “customer data”
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Creating the golden record that makes every click personal
There must be a way
Transform customer facing tasks into data driven process :
1. Collect data across touch-points
2. Transform into a 360°view
3. Turn data into insights with segments, scores, forecasts and recommendations
4. Connect in real-time with your customer and take action
Customer Data Platform
System of interaction
System of record
System of insight
System of engagement
Legacy
Systems
ERP
CRM
Cloud
Apps Internet
of Things
Web Logs
NoSQL
Predictive
analysis
Inbound/Outbound
campaigns
Customer Facing
Devices
CRM
E-commerce
Social
Networks
Machine
Learning
Recommendations
Analytics
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3. Augment: Turn data into insights
Customer Data
Platform
Segments
Propensity
to buy
Upsell
/cross-sell
Next best action
Churn risk
Fraud risk
Net Promoter
Score
Customer
Timeline
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4. Act: Smarter Customer interactions in real-time
Next best offer
Customer Data
Platform
Personalized Banners
Personalized Offers Recommendation
Up-sell Cross sell
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Customer case in retail
• Specialized Sports Retailer
• Over 1000 stores in 20 countries
• Strong multi channel activity
- Research online, Purchase on store
- Strong CRM background (Most customer have a loyalty card)
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Customer case in retail
Step 1: Collect new sources of data across touch points
Capabilities
• Data Management Platform to capture, enrich and organize interactions data by visitor
• A Hadoop cloud based environment
Benefits • Beyond web analytics, allowing to discover the
clickstream data though the eyes of the customer. • Predict general buying behavior based on segmentation
Locations
Web logs
Weather
data
Data Warehouse
Social
networks
Master &
reference
data
Data
Mining
Machine
Learning
Analytics
Data
Discovery
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Customer case in retail
Step 2: Reconcile Data into an augmented 360° view
Capabilities
• Customer Data Platform that connects data with customer on a one-one basis
• Strong Data quality and entity resolution capabilities
Benefits • A holistic view of customer buying behavior, across on
multiple channels • Begin to personalize behaviors, interactions, and
purchase.
Locations
Web logs
Mobile
Data
Warehouse
Social
networks
Point of sales systems
E-commerce and drive-in
Marketing automation
Customer Service Master &
reference
data
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Step 3: Turn the Data into Insights
Data
Warehouse
Web logs
Inbound
Campaigns
Outbound
Campaigns Kiosk
POS
E-commerce
Data
mart
Customer case in retail
Capabilities • “1-click” Data Platform: share customer data widely up
to the point of sales, using search engines and reporting • Predictive: Machine learning capabilities on Hadoop
Benefits • Raw data is transformed into insights, beyond a
traditional 360° view. • From analytics to predictive to prescriptive.
Data
mining
Machine
learning
Analytics
Data
Discovery Customer Service
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Step 4: Act Real-time – Smarter customer interactions
Capabilities • Personalization for marketing (e-mails, SMS, mobile
notifications…) • Real time recommendations (offers, flash sells, coupons..) • Next best actions for contact center, or at point of sale
Benefits • Improved conversion rates and sales efficiency, • Marketing activities (campaigns, promotions…) can be
measured through the feedback loops • Personalized journeys improves customer and
experiences and drives loyalty….
Customer Data Platform
Data
Warehouse
Web Site
& apps
Ad Server
Marketing
automation
Kiosks
Point of sales
devices
Customer services
E-commerce
Customer case in retail
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Otto Optimizes Pricing & Stock
A company that’s doing everything right
Challenge:
• Ever increasing Big Data velocity
• Many last minute cart abandonments
• Hard to optimize pricing
Why Talend:
• Is the central integration tool within their Business
Intelligence (BI) organization.
• Integrates clickstreams from last 6 months
Value:
• Leftover merchandise reduced by 20%
• Can predict abandoned shopping cart in real-time with a
90% accuracy
• Performs dynamic pricing
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THE TALEND SOLUTION
Generates native code
Future-proof
Powered by Hadoop
More productive
Open source
Innovative
Open source platform
Learn once
Expand many times
Subscription pricing
Per developer
Predictable cost
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Start now with the Talend Big Data Sandbox
Virtual Image installed with • Four scenarios for you to try:
- Clickstream data
- Twitter sentiment
- Apache weblogs
- ETL Offload
Download your Free Talend Big Data Sandbox today! http://www.talend.com/talend-big-data-sandbox
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Connecting the Data-Driven Enterprise
Data-Driven companies…
• 23 times greater customer acquisition
• 6 times greater customer retention
• 19 times more profitability
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Company overview
• Founded in 2006
• 480+ employees in 7 countries
• HQ in Redwood
• Open Core business model
• Subscription license
• Services & training
• Integration solutions for Big Data, Data and Application
integration solutions, Data Quality, MDM and BPM.
• Recognized as a visionary leader in the integration
market by Gartner and Forrester
Talend at a glance