conquering the omni-channel challenge

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v Conquering the Omni-Channel Challenge Jenn Vlahavas, VP Account Strategy ©2014 MEDIAMATH INC. 1 MIMA Summit – October 2014

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Jenn Vlahavas presented "Conquering the Omni-Channel Challenge" at the 2014 MIMA Summit.

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Page 1: Conquering the Omni-Channel Challenge

vConquering the Omni-Channel Challenge

Jenn Vlahavas, VP Account Strategy

©2014 MEDIAMATH INC. 1

MIMA Summit – October 2014

Page 2: Conquering the Omni-Channel Challenge

Thank You, Summit Sponsors

Page 3: Conquering the Omni-Channel Challenge

Who the heck is this gal?

@JENNVLAHAVAS @MEDIAMATH #MIMASUMMIT

Page 4: Conquering the Omni-Channel Challenge

Is Omni-Channel defined as the…

Sales Channel?

@JENNVLAHAVAS @MEDIAMATH

Page 5: Conquering the Omni-Channel Challenge

Is research prior to a purchase…considered omni-channel?

@JENNVLAHAVAS @MEDIAMATH

Page 6: Conquering the Omni-Channel Challenge

Does Omni-channel include the environment…where a consumer is exposed to your message?

@JENNVLAHAVAS @MEDIAMATH

Page 7: Conquering the Omni-Channel Challenge

@JENNVLAHAVAS @MEDIAMATH

What about Channel Assets?And how they engage with your customers?

Live Chat via your Web site?

Page 8: Conquering the Omni-Channel Challenge

@JENNVLAHAVAS @MEDIAMATH

In-store Employees?

Page 9: Conquering the Omni-Channel Challenge

Is… Organizational Structurea consideration when building your strategy?

@JENNVLAHAVAS @MEDIAMATH

Page 10: Conquering the Omni-Channel Challenge

expanded

…historically defined omni-channel

infrastructure

to include

the

through the lens of the consumer

and

organizational components...

definition haswho cares?

Page 11: Conquering the Omni-Channel Challenge

Digital Media

Digital now accounts for 57% of global media consumption

Traditional Media

@JENNVLAHAVAS @MEDIAMATH

Source: GlobalWebIndex: Digital 2013 – A Global Analysis of How Consumers Spend Their Media Time, Q4 2012

Page 12: Conquering the Omni-Channel Challenge

67% completed the purchase elsewhereSource: comScore

Consumers who started shopping on one device or in-store

@JENNVLAHAVAS @MEDIAMATH

Page 13: Conquering the Omni-Channel Challenge

Mobile coupon usage increased by 41% Versus last year, Source: comScore

@JENNVLAHAVAS @MEDIAMATH

Page 14: Conquering the Omni-Channel Challenge

Pre-Meditated Showrooming is on the Rise!Up 8% versus last quarter, Source: comScore

@JENNVLAHAVAS @MEDIAMATH

Page 15: Conquering the Omni-Channel Challenge

$1.8 trillion by 2017!Combined online & web-influenced sales to reach

Forrester Research

Up from $1.3 trillion in 2013

@JENNVLAHAVAS @MEDIAMATH

Page 16: Conquering the Omni-Channel Challenge

READ: HUGE OPPORTUNITY

@JENNVLAHAVAS @MEDIAMATH

Page 17: Conquering the Omni-Channel Challenge

[ ] Attributing credit to the most effective marketing channels

[ ] Activating data

[ ] Execution fragmentation

[ ] Telling your brand story to consumers

The Struggle is Real. Or is it?

@JENNVLAHAVAS @MEDIAMATH

Page 18: Conquering the Omni-Channel Challenge

Think Multiple Channels -Give Credit Where Credit is Due

@JENNVLAHAVAS @MEDIAMATH

Page 19: Conquering the Omni-Channel Challenge

Siloed Data is Sad Data

@JENNVLAHAVAS @MEDIAMATH

Page 20: Conquering the Omni-Channel Challenge

Point Solutions Are The EnemyThey are immature, selfish & don’t play nice with others

Page 21: Conquering the Omni-Channel Challenge

One-Size-DOES NOT-Fit-All

@JENNVLAHAVAS @MEDIAMATH

Page 22: Conquering the Omni-Channel Challenge

Programmatic can help you SEIZE itRead: Let us help!

@JENNVLAHAVAS @MEDIAMATH

The opportunity exists…

Page 23: Conquering the Omni-Channel Challenge

economic sense to send a

- Lawrence Light Former CMO, McDonald’s

It no longer makes

of persuading the few.message to the many in hopes

@JENNVLAHAVAS @MEDIAMATH

Page 24: Conquering the Omni-Channel Challenge

programmatic is manual,

- Marissa Mayer CEO Yahoo!

The opposite of

not premium.

@JENNVLAHAVAS @MEDIAMATH

Page 25: Conquering the Omni-Channel Challenge

””

buy media in a way

- Bonin BoughVP, Global Media & Consumer Engagement, Mondelez International

Why would I not

that I can get data back and use it to makesmart decisions?

@JENNVLAHAVAS @MEDIAMATH

Page 26: Conquering the Omni-Channel Challenge

Six Best Practices[ ] Leverage Data[ ] Embrace Transparency[ ] Create “Yes And” Partnerships[ ] OWN It[ ] Internal Alignment[ ] Make Educated Bets

@JENNVLAHAVAS @MEDIAMATH

Page 27: Conquering the Omni-Channel Challenge

[1] Leverage DataHigh Value, Under-Utilized

@JENNVLAHAVAS @MEDIAMATH

U N D E R S TA N D TA R G E T M E A S U R E

Align offline and online Purchase and media data Leverage 3rd party data Create single view

Find new customers Drive repeat purchases Drive loyalty & retention Influence hand-raisers

Sales &/or Brand impact Fractional Attribution Close the loop Test and learn

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[2] Embrace TransparencyPeel back the onion (there may be tears!)

@JENNVLAHAVAS @MEDIAMATH

Page 29: Conquering the Omni-Channel Challenge

[] Your Working Media DollarsTransparency into:

[] What’s Working*Transparency into:

[] What Isn’t Working*Transparency into:

@JENNVLAHAVAS @MEDIAMATH

Page 30: Conquering the Omni-Channel Challenge

@JENNVLAHAVAS @MEDIAMATH

[3] Create “Yes and...” Partnerships

&Agency

Brand

Ad tech

…but you need an operational framework to drive success

Tech Enables…

Page 31: Conquering the Omni-Channel Challenge

@JENNVLAHAVAS @MEDIAMATH

Bring the technology in-house

L Build a history of what’s working

L Create one holistic view of your customer

L Establish a transparent view into how your money is spent

L Own and control your 1st party data

L Facilitate the sharing of data internally

to build a programmatic practice

[4] OWN IT!

L Build your own technology stack

Page 32: Conquering the Omni-Channel Challenge

Break Down the Silos![5] Internal Reorientation & Alignment…

@JENNVLAHAVAS @MEDIAMATH

Page 33: Conquering the Omni-Channel Challenge

@JENNVLAHAVAS @MEDIAMATH

TechnologyFoundation for Sharing & Centralization

Education*Align Goals & Roles

Goals*Aligned, but Weighted

Break Down the Silos![5] Internal Reorientation & Alignment…

Page 34: Conquering the Omni-Channel Challenge

[last one!] Make an Educated Bet!It’s not just an adoption, it’s an evolution:

@JENNVLAHAVAS @MEDIAMATH

Page 35: Conquering the Omni-Channel Challenge

Build Competitive Advantage

@JENNVLAHAVAS @MEDIAMATH

…Grow Market Share

Page 36: Conquering the Omni-Channel Challenge

case study in your industry,

- Seth Godin, Author: ‘Permission Marketing’

If you wait until there is another

you will be too late.

Page 37: Conquering the Omni-Channel Challenge

THANK YOUJenn Vlahavas

@MediaMath

©2014 MEDIAMATH INC