engage customers like never before
DESCRIPTION
In order to remain relevant to today's digitally empowered customer, business need to be able to 'engage their customers like never before'.TRANSCRIPT
ENGAGE CUSTOMERS LIKE NEVER BEFORE
ONE CUSTOMER. ONE EXPERIENCE. ONE ENTERPRISE
POWER TO THE PEOPLE “… and the Left Wing talk about giving the power to the people… you know…anybody knows that the people have the power. All we need to do is awaken the power in the people. People are unaware, it’s like they’re not educated to realise that they have the power.”
– John Lennon, 1969
BEYOND TECHNOLOGY – IT’S ABOUT LEADERSHIP – DAVE JONES (Scottish power story)
Digitally Connected 79% of customers spend at least 50% of total
shopping time researching products online
EMPOWERED CUSTOMERS ARE
Socially Networked 53% of customers abandoned an in-store
purchase due to negative online sentiment.
Better Informed 59% of customers are willing to try a new brand
to get better customer service.
Mobility Rich Content Social Apps
WE LIVE IN A WORLD OF DIGITAL IMMERSION
SCREENAGERS THEY ARE NEVER FAR FROM A SCREEN. AND A SCREEN IS NEVER FAR FROM THEM IT SEEMS.
EVANTUBE HD ENGAGING THE BUYERS OF TOMORROW
EVERY MINUTE OF EVERYDAY
of YouTube uploads 48 hrs
new mobile web users 217
Wordpress blog posts 347
new websites 571
Foursquare check-ins 2,083
Flickr photos 3,125
Instagram photos 3,600
Email messages 204,167,667
Google queries 2,000,000
Facebook shares 684,478
Consumers spend $272,070
Twitter tweets 100,000
Apple app download 47,000
Facebook likes 34,722
Source: Domo, Inc.
61,141 hours of music uploaded
2.4 BILLION BRAND-RELATED CONVERSATIONS IN AMERICA EVERYDAY.
THIS CHANGES THE RULE FOR MARKETERS.
IN ASIA PACIFIC, 59% OF CONSUMERS COMMENT ABOUT BRANDS ONLINE.
THIS CHANGES THE RULE FOR MARKETERS.
THIS CHANGES THE RULE FOR MARKETERS.
COMPANIES ARE STRUGGLING TO BREAKTHROUGH & ENGAGE THEIR CUSTOMERS.
57% of the buying process is completed before a first interaction with sales.
86% of customers are willing to pay more for a better customer experience.
CUSTOMER EXPERIENCE LEADERS OUTPERFORM THE LAGGARDS
Over a recent five-year period during which the S&P 500 was flat, a stock portfolio of customer experience leaders grew 22%. During this time, Forrester found that those companies who performed poorest in the Customer Experience Index also performed poorest in terms of stock performance.
Source: Forrester Research 2012
+22% - 46%
71% of customers don’t think companies are doing anything to keep their business.
And the one thing we do know, expectations will continue to rise
19TH CENTURY ENGAGEMENT
Sales & Marketing Funnel
Awareness
Interest
Desire
Action
21ST CENTURY ENGAGEMENT
SHARE RESEARCH
SHOP
PURCHASE TRIGGER EVENT
COMPARE
ENGAGE AT THE POINT OF AWARENESS STOP TELLING, START LISTENING PREDICT & INFLUENCE BEHAVIOR. RESPOND QUICKLY.
GUIDE CUSTOMERS THROUGH THEIR JOURNEY UNDERSTAND THEIR NEEDS & DESIRES. EARN ADVISOR STATUS. HELP THEM.
CREATE LOYAL BRAND ADVOCATES MAKE EVERY CONVERSATION COUNT. CREATE AMAZING EXPERIENCES. DELIVER RELEVANT & TIMELY OFFERS.
89% of CMO respondents said that visioning and strategic thinking is the most important competency for success
Source: Forrester/Heidrick & Struggles Global Evolved CMO Online Survey
© 2013 SAP AG. All rights reserved.
TRANSFORMING MARKETING LEADERS
TO STRATEGIC “GROWTH FACILITATORS”
CREATING THE NEED TO CHANGE THE WAY WE THINK
© 2013 SAP AG. All rights reserved.
Existing Mindset
Aspirational Mindset
Viewed as service-provider to stakeholders
Drive growth and champion innovation for their company
- Activity focused
- Helping sales sell
- Highly optimized functional silos
- Outcome focused
- Helping sales sell AND helping our audiences buy
- One high-performance marketing team
Status Quo Innovate
- Cost Center
- B2B/B2C
- Transactions
- Brand
- Push Marketing
- Growth Engine
- P2P
- Relationships
- Corporate Character
- Customer Champion
Source: Forrester, IDC. Corporate Executive Board
CMOS HAVE A CHOICE TO MAKE TO DRIVE OUTCOME CENTRIC MARKETING
CUSTOMER CASE STUDIES
OBJECTIVE Engage with existing customers – provide better user experience, info, value SOLUTION SAP precision retailing BENEFITS Increase customer communication, brand awareness and improve brand image.
STM NEEDED NEW WAYS TO ENGAGE THE CONNECTED CUSTOMER, in order to increase ridership and give customers reasons to take public transit. Cloud-based SAP Precision Retailing helped them connect several hundreds retailers and other venues to their customers in real-time using mobile and in-memory computing to deliver compelling, personalize offers.”
Pierre Bourbonniere, Head of Marketing, STM
AT A GLANCE
ENGAGING THE CONNECTED CUSTOMER
© 2012 SAP AG. All rights reserved. 26 Confidential
Enhance the Rider
Experience
PERSONALIZED OFFERS
REDEMPTION
TRANSIT DIRECTIONS
LOYALTY INTEGRATION
OBJECTIVE Engage the customer in real-time SOLUTION SAP CRM powered by SAP HANA BENEFITS Personalize customer engagement with real-time information
“HSE24, AS LIVE SALES CHANNELS, IS VERY DEPENDENT ON TIME. What we’ve seen is that we can get a complete picture of the customer in seconds – including data coming from new sources like social media. We can now have more detailed analysis of our sales in real-time, and deliver personalized offerings to the customer while he is calling for new cross and up-sell opportunities. We want to continue to grow our sales in new countries. Having one real-time platform will be a key success driver for us to conquer the markets in the future.”
Norbert Paulus EVP Broadcast & IT, HSE24
AT A GLANCE
PERSONALIZING CUSTOMER ENGAGEMENT IN REAL TIME
BENEFITS • Increase in revenue per year 10-30% • Real-time insights • Per player profitability analysis and understand
player behavior • Increased data volume and processing capabilities to
communicate more personally to individual game players • Interactive Data analysis leading to improved design thinking
and game planning
“AT BIGPOINT IN THE BATTLESTAR GALACTICA ONLINE GAME, we have more than 5,000 events in the game per second which we have to load in SAP HANA environment and to work on it to create individualized game environment to create offers for them. In the co-innovation project with SAP HANA, using Real Time Offer Management Bigpoint, we hope to increase revenue by 10-13%.”
Claus Wagner, SVP SAP Technology, Bigpoint
AT A GLANCE
DRIVING NEW REVENUE IN REAL-TIME GAMING
+10% increase in revenue per year 5000 events per second loaded into
SAP HANA (not possible before)
OBJECTIVE Take on larger rivals by providing a delightful social media experience SOLUTION SAP Cloud for Social Engagement BENEFITS Meet increasing demand for social media customer service channel without scaling team. Reduced churn.
“OUR ROI IN DOLLARS IS DEFINITELY IN THE MILLIONS. Depending on the scale of your operation and your programs, the ROI is at least ten million dollars in opportunity.”
Krissy Espindola Director, Knowledge Management
& Social Customer Support
AT A GLANCE
SOCIAL CUSTOMER ENGAGEMENT
KEY TAKEAWAYS
DIGITAL DARWINISM: When technology and society evolve faster than the ability for companies to adapt.
- Brian Solis
CRM IS A JOURNEY- A LONG AND WINDING ROAD
CRM MUST EVOLVE CMR?
Close the execution gap from analysis through
insight to action…
…customers are in control and are changing the rules
of engagement
Future of engagement Power of the customer
You’ve got to start with the CUSTOMER EXPERIENCE and work back toward the technology.
- Steve Jobs
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© 2013 SAP AG. All rights reserved.
THANK YOU!
© 2013 SAP AG. All rights reserved.
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