focused growth - tom betts, ft at dmx dublin 2016

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Focused growth How to use data and research to create customer led products and drive new revenue March 2016 Tom Betts Chief Data Officer Financial Times @tombetts

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Page 1: Focused growth - Tom Betts, FT at DMX Dublin 2016

Focused growthHow to use data and research to create

customer led products and drive new revenue

March 2016

Tom Betts

Chief Data Officer

Financial Times

@tombetts

Page 2: Focused growth - Tom Betts, FT at DMX Dublin 2016

1

Focused growth

Data driven growth

Our focus on engagement

Operating customer first

2

3

Page 3: Focused growth - Tom Betts, FT at DMX Dublin 2016

FT in numbers

780,000 70%

Page 4: Focused growth - Tom Betts, FT at DMX Dublin 2016

Data drives growth

Page 5: Focused growth - Tom Betts, FT at DMX Dublin 2016

Putting customer data at the centre

Marketing

Advertising

Ed

itoria

lPro

du

ct

Reporting & Analytics

Data products

Pe

rso

na

lisa

tion

CR

M

Page 6: Focused growth - Tom Betts, FT at DMX Dublin 2016

The value of Customer DNA

Co

mp

an

ies

Mark

ets

Wo

rld

Co

mm

en

t

Man

ag

em

en

t

Pers

on

al F

inan

ce

Weeken

d

Secti

on

in

tere

st

Page 7: Focused growth - Tom Betts, FT at DMX Dublin 2016

Our special (subscription) sauce

Page 8: Focused growth - Tom Betts, FT at DMX Dublin 2016

Analytics-powered advertising

Page 9: Focused growth - Tom Betts, FT at DMX Dublin 2016

Personalised products

Page 10: Focused growth - Tom Betts, FT at DMX Dublin 2016

Our engagement focus

Page 11: Focused growth - Tom Betts, FT at DMX Dublin 2016

Sharing stories

Reader comments

Facebook likes

Twitter followers

Time spent reading

E-mail alerts Attending

events

Retweets

App downloads

Multichannel

consumption

Page 12: Focused growth - Tom Betts, FT at DMX Dublin 2016

Our “north star”

Page 13: Focused growth - Tom Betts, FT at DMX Dublin 2016

Not everyone is a digital news junkie

Page 14: Focused growth - Tom Betts, FT at DMX Dublin 2016

Engagement 101

Page 15: Focused growth - Tom Betts, FT at DMX Dublin 2016

Not really about the numbers

Guess what?

Page 16: Focused growth - Tom Betts, FT at DMX Dublin 2016
Page 17: Focused growth - Tom Betts, FT at DMX Dublin 2016

1) Tools

Page 18: Focused growth - Tom Betts, FT at DMX Dublin 2016

2) Testing

-4%1%2%1%9%8%16%24%

42%

164%

-50%

0%

50%

100%

150%

200%

1st2nd3rd4th5th6th7th8th9th10th

RFV - 6,874RFV - 3,722RFV - 2,412RFV - 1,658RFV - 1,159RFV - 796RFV - 518RFV - 301RFV - 149RFV - 32

Up

lift

%

<<<< LESS ENGAGED

Consumption uplift by engagement decile

Page 19: Focused growth - Tom Betts, FT at DMX Dublin 2016

3) Teams

Page 20: Focused growth - Tom Betts, FT at DMX Dublin 2016

Focus the entire

organisation on engaging

readers

Page 21: Focused growth - Tom Betts, FT at DMX Dublin 2016

Engaged readers =

Healthy customer base =

Best predictor of future revenues

Page 22: Focused growth - Tom Betts, FT at DMX Dublin 2016

1

And finally

Our revolution: direct to consumer + data

Why engagement really really matters

People over data..any day (aka how we put this into practice)

2

3

Page 23: Focused growth - Tom Betts, FT at DMX Dublin 2016

@tombetts