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Big Data: A Creative Agency Perspective
 

Big Data: A Creative Agency Perspective

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Andrew Pinkness, Director of Business Innovation at AMV BBDO, shares his thoughts on the hot topic of Big Data from his unique agency perspective at an IPA 44 Club event in London. To learn more about ...

Andrew Pinkness, Director of Business Innovation at AMV BBDO, shares his thoughts on the hot topic of Big Data from his unique agency perspective at an IPA 44 Club event in London. To learn more about The IPA visit www.ipa.co.uk and The 44 Club here http://www.ipa.co.uk/groups/44-club-2

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  • http://mashable.com/2012/05/08/hangers-update-facebook-likes/ <br /> C&A Brazil
  • http://www.washingtonpost.com/blogs/wonkblog/wp/2014/01/30/amazon-wants-to-send-stuff-before-you-order-it-are-other-retailers-doomed/
  • Escape the Map November 2011 <br /> You Drive October 2012 <br /> Sounds with Power October 2013
  • Kevin McDonald film commissioned by Sainsbury’s – won the supermarket wars <br /> Jonathan Proud from York <br /> Gold family from Wales
  • Spongecell = dynamic creative <br /> Blue Kai = cloud based big data platform ( bought by Oracle in Feb 2014) <br />

Big Data: A Creative Agency Perspective Big Data: A Creative Agency Perspective Presentation Transcript

  • AMVBBDO Client 28May2014 BigData:ACreative AgencyPerspective Andrew Pinkess Director of Business Innovation AMV BBDO pinkessa@amvbbdo.com IPA 44 Club 19 May 2014
  • AMVBBDO Client 28May2014 • What is big data? • Has it been overhyped? • Turning small data into big data • 6 data opportunities for creative agencies • Some further reading WhatI’mgoing tocover
  • AMVBBDO Client 28May2014 Data is transforming business
  • AMVBBDO Client 28May2014 Source: Dachis Group
  • AMVBBDO Client 28May2014 Outsidedata asimportantas insidedata
  • AMVBBDO Client 28May2014 SMARTER BIGDATA APPS BRINGING ANALYTICSTO THE MASSES
  • AMVBBDO Client 28May2014 Everyoneisjoiningin Cebit Hanover 2014
  • AMVBBDO Client 28May2014 Biggerinvestmentindata How would you describe your company’s investment in analytics? Source: Lavastorm Analytics, Analytics 2013 Survey – analysis based on 591 expert interviews What area is your company investing in 2013?
  • AMVBBDO Client 28May2014 Moreanalytics,lessgutfeel Source: Booz & Company Analysis from expert interviews, 2013
  • AMVBBDO Client 28May2014 “I've spent my life dealing with people who've got all the data in the world and yet they can't invent anything.” "To those brands that say 'I understand you' I say 'F*!& off, you don't understand me. Mind your own business, I don't want to be understood by you. I John Hegarty don't understand myself sometimes… and it can be fun.'" Noteveryonethinksit’sagood thing John Hegarty
  • AMVBBDO Client 28May2014 Just 3% of CMOs say that analytics contributes “very highly” to their company’s performance Source: McKinsey, 2013 CMO Survey (http://bit.ly/1g6LDQ5)
  • AMVBBDO Client 28May2014 “98.8% of CMOs say that finding the right marketing analytics talent is ‘challenging’” Atalentcrunch “In Dec 2013, 6000+ companies were hiring Data Scientists on LinkedIn” Sources: McKinsey, 2013 CMO Survey (http://bit.ly/1g6LDQ5), DSC Internal Analysis (http://bit.ly/1eskwz3 )
  • AMVBBDO Client 28May2014 Soareweheading forafall? Source: Gartner 2013 Hype curve
  • AMVBBDO Client 28May2014 Wecanchoosetoignoreit…
  • AMVBBDO Client 28May2014 Orembraceit…
  • AMVBBDO Client 28May2014 • Which consumer groups offer best growth opportunities? • Are there niche sectors which provide growth potential? • What impact are new media channels having on sales? • Do YouTube views lead to increased sales? • How do we optimise marketing and media mix to achieve best results? • How can we exploit social to influence brand momentum? • What is the most effective way of combining TV and digital spend to deliver the best commercial results? • How do we identify influencers in communities we want to reach, and the extra reach they can offer? Keyquestionsclientswanttoanswer
  • AMVBBDO Client 28May2014 • No big data programme is a quick fix • Today’s data pioneers have built capabilities over many years – Amazon started in 1994 • Short term focus tends to be on tactical data and reporting requirements • Longer term moves to interconnected datasets - value is greater than sum of parts • As more data are added, more new connections can be made • Data will become central to most organisation’s business strategy and marketing processes (including campaign planning and development) Turning smalldatainto bigdata NB Data gets more interesting & relevant the stronger you are in digital, mobile, social
  • AMVBBDO Client 28May2014 (Big)data opportunitiesfor creativeagencies
  • AMVBBDO Client 28May2014 1. Selling more product 2. Supporting creative innovation 3. Cross-selling and up-selling 4. Tracking & optimising performance 5. Proving effectiveness 6. Selling in platform ideas 6DataOpportunities
  • AMVBBDO Client 28May2014 Facebook likes to encourage purchase Using weather to drive sales Anticipating what you want to buy 1. Selling more product
  • AMVBBDO Client 28May2014 Problem How to overcome insecurity at the time of shopping? Solution Connect physical clothes hangers to a Facebook collection Result 8m likes, shares, forwards and posts Do you take the popular shirt with more than 1,000 likes, or go under-the-radar and pick the one with just a couple hundred?
  • AMVBBDO Client 28May2014 22 Usingweatherdatatodrivesales Starbucks sent a simple email promoting hot drinks to customers who are experiencing cold weather. With no incentive/offer, Starbucks saw large incremental sales vs. control group and emails had above average open rate – suggesting high relevance
  • AMVBBDO Client 28May2014 Problem How to optimise amazon’s distribution network to better compete with the immediacy of high-street stores Solution Apply statistical probability modelling to ship products to where they will most likely be needed, inadvance of being ordered Result Lots of very worried retailers…
  • AMVBBDO Client 28May2014 Mercedes – Escape the Map; #You Drive; Sound with Power Pepsi Max - Unbelievable Sainsbury’s – Christmas in a Day 2. Creative innovation
  • AMVBBDO Client 28May2014 Mercedes
  • AMVBBDO Client 28May2014 PepsiMax-Unbelievable
  • AMVBBDO Client 28May2014 Sainsbury’s-ChristmasinaDay
  • AMVBBDO Client 28May2014 3.Cross-sellingandup-selling Facebook:dailypagefansand contentengagement,helpedtosellin socialmediamarketing Trendsinconversationsentiment,linkedto campaigncalendar,promptedmoveto integratedcommsapproach
  • AMVBBDO Client 28May2014 Lufthansa – Creative optimisation Mercedes – Flow P&G – Data central 4.Tracking&optimisingperformance
  • AMVBBDO Client 28May2014 Cost Per Ticket Sale 17% Click Thru Rate 5% LOCATION Current location based on consumer’s IP address WEATHER Conditions by postcode pulled from Weather Underground TIME & DATE Scheduled offers, promotions, etc. using date range and time Dynamiccreativeoptimisation
  • AMVBBDO Client 28May2014 Flow Datadashboards
  • AMVBBDO Client 28May2014 • Installedinover50P&Gofficelocationsglobally • Complexdataispresentedvisually,allowingleaderstoviewitmoreeasilyandprocessinformationfaster • NetworkofanalystsalsohelpstheCompanysavetimeandmoneybyreapplyinglessonslearned • Businessleadersaroundtheglobeseethesamebusinessdatainthesamewayatthesametime • Increasedsynergiesresultedinsavingsoftensofmillionsofdollars Missioncontrol
  • AMVBBDO Client 28May2014 5.Provingeffectiveness
  • AMVBBDO Client 28May2014 6.Sellinginplatformideas
  • AMVBBDO Client 28May2014 JohnLewis–BearandHare
  • AMVBBDO Client 28May2014 Further reading… Analytics 2.0 & 3.0 Advertising Analytics 2.0; HBR, March 2013 Advertising Analytics 3.0; HBR, December 2013
  • AMVBBDO Client 28May2014 When geeks rule the world…
  • AMVBBDO Client 28May2014 Data+storytelling=success!