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TRANSCRIPT
The Opportunity In Big Data
Driving Cultural Change
The arrival of new babies in a household is a major milestone
© dunnhumby 2015 | Confidential 4
dawn of civilization - 2003
© dunnhumby 2015 | Confidential 5
48 hours in 2011 dawn of civilization - 2003
© dunnhumby 2015 | Confidential 6
48 hours in 2011 dawn of civilization - 2003
48 hours in 2020
© dunnhumby 2015 | Confidential 7
48 hours in 2020 48 hours in 2011 dawn of civilization - 2003
© dunnhumby 2015 | Confidential 8
© dunnhumby 2015 | Confidential 9
You must use data WITH PURPOSE
What I See / Hear
My Needs / Preferences
What I LIke
Who I Am
Where I Am
How I Shop
What I Buy
Who I Know / Influences
How I Decide
10 10 © dunnhumby 2015 | Confidential
Today’s data can be overwhelming
who
out of store
remind me
sales & events
easy rewards
no stress
respond
make me look good
inspire creativity
options
recognize
help
in-store
surprises
information
help
same time
new ideals
flexibility
connection
inspiration
select good
choice
feel welcome
feel supported
surprise savings
suggestions
unexpected rewards
save time
fix problems
appreciate me
flexibility
buy
reward loyalty
exceptional service
suggest ideas
ask my opinion
reflect
appeal
flexibility
shop
best prices
interesting range
save time
inform
flexibility
celebrate savings
redeem rewards
what
services
products
rewards
when
day of week
time of day
time of year
occasion
online
offline
how
lifestyle
lifestage mission
needs
segment
interests
behavior
where
fun
surprise
connect
simplify
curate
educate
delight
surprise deals
selection
suggestions
new products inform
me
reward
comment
easy search
Multichannel Shop Ecosystem v2.0
discover
11 11 © dunnhumby 2015 | Confidential
The right data brings you closer to the customer out of store
remind me
sales & events
easy rewards
no stress
respond
inspire creativity
options
recognize
help
information
help
same time
connection
inspiration
good choice
feel welcome
feel supported
surprise savings
suggestions
unexpected rewards
save time
fix problems
appreciate me
flexibility
reward loyalty
exceptional service
suggest ideas
ask my opinion
appeal
flexibility
interesting range
flexibility
redeem rewards
services
products
rewards
occasion
online
lifestyle
needs
segment
interests
fun
simplify
curate
educate
surprise deals
selection
suggestions
new products inform
me
easy search
Multichannel Shop Ecosystem v2.0
day of week
time of day
time of year
when
offline
what
how
where
in-store
who
lifestage mission
new ideals
celebrate savings
flexibility
comment
make me look good
best prices behavior
select
save time
inform
surprise
connect
reward
delight
surprises
buy reflect discover shop
© dunnhumby 2015 | Confidential 12
Our core purpose
© dunnhumby 2015 | Confidential 13
The benefits of a global view
$500 BILLION RETAIL SPEND
770 MILLION CUSTOMERS GLOBALLY
3,000 EXPERTS
© dunnhumby 2015 | Confidential 14
Mass
Better mass actions improving what is being done today
Segmenting actions to make more relevant decisions
Differentiated
Personalised
Channeling investment on a customer by customer basis
To create a personalised experience
Mass
Best promotions
Targeted price investments
Differentiated
Personalised
Personal promotions
Price & Promotion
Mass
Core range
Differentiated stores
Differentiated
Personalised
Personal shopping lists
Assortment
Mass
Evaluate impact on loyalty
Custom content
Differentiated
Personalised
Personal coupons
Comms
© dunnhumby 2015 | Confidential 15
Rebuilding relationships at scale
© dunnhumby 2015 | Confidential 16
17 17 © dunnhumby 2015 | Confidential
Today’s data can be overwhelming
who
out of store
remind me
sales & events
easy rewards
no stress
respond
make me look good
inspire creativity
options
recognize
help
in-store
surprises
information
help
same time
new ideals
flexibility
connection
inspiration
select good
choice
feel welcome
feel supported
surprise savings
suggestions
unexpected rewards
save time
fix problems
appreciate me
flexibility
buy
reward loyalty
exceptional service
suggest ideas
ask my opinion
reflect
appeal
flexibility
shop
best prices
interesting range
save time
inform
flexibility
celebrate savings
redeem rewards
what
services
products
rewards
when
day of week
time of day
time of year
occasion
online
offline
how
lifestyle
lifestage mission
needs
segment
interests
behavior
where
fun
surprise
connect
simplify
curate
educate
delight
surprise deals
selection
suggestions
new products inform
me
reward
comment
easy search
Multichannel Shop Ecosystem v2.0
discover
18 18 © dunnhumby 2015 | Confidential
The right data brings you closer to the customer out of store
remind me
sales & events
easy rewards
no stress
respond
inspire creativity
options
recognize
help
information
help
same time
connection
inspiration
good choice
feel welcome
feel supported
surprise savings
suggestions
unexpected rewards
save time
fix problems
appreciate me
flexibility
reward loyalty
exceptional service
suggest ideas
ask my opinion
appeal
flexibility
interesting range
flexibility
redeem rewards
services
products
rewards
occasion
online
lifestyle
needs
segment
interests
fun
simplify
curate
educate
surprise deals
selection
suggestions
new products inform
me
easy search
Multichannel Shop Ecosystem v2.0
day of week
time of day
time of year
when
offline
what
how
where
in-store
who
lifestage mission
new ideals
celebrate savings
flexibility
comment
make me look good
best prices behavior
select
save time
inform
surprise
connect
reward
delight
surprises
buy reflect discover shop
© dunnhumby 2015 | Confidential 19
“ It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.
MARK TWAIN Author
© dunnhumby 2015 | Confidential 20
“ Culture eats strategy for breakfast.
MARK FIELDS Ford Motor Company
© dunnhumby 2015 | Confidential 21
The three box approach to cultural innovation
1 2 3 Inventing a future built with non-linear ideas
Taking steps to avoid traps of past success
Executing today, with maximum efficiency
© dunnhumby 2015 | Confidential 22
Creating the right culture
Pay attention to WEAK SIGNALS
Don’t be constrained by HISTORY
Throw the strategy book OUT THE WINDOW
© dunnhumby 2015 | Confidential 23
Seven pillars of customer centricity
Experience
Loyalty
Communications
Assortment
Promotions
Price
Feedback
1 2 3 4 5 6 7
© dunnhumby 2015 | Confidential 24
The rewards can be substantial 50%
-40%
Customer experience leaders
S&P 500 Index
Customer experience laggards
-33.9%
14.5%
43.0%
Cum
ulat
ive
tota
l Ret
urn
0 Source: Forrester Research and Watermark Consulting
© dunnhumby 2015 | Confidential 25
How to effect global-scale change
Become agents for change
Be driven by your values
Build collaborative platforms
Keep an open mind
Increase diversity in your network
Have clear, combined goals / shared scoreboard
Beg, borrow, and steal