Across the world customer value management is gaining importance and is the key focus areas. At the recently concluded AfricaCom 2015, Amit Sanyal, Joint Head & Assistant Vice President for the Customer Value Management portfolio shared his views on - CX2.0: Sweating the Digital Assets – Analytics Way. Attached is the presentation from the event.
2. 2
Agenda
Growth isn’t Growth anymore !
The new age assets – Digital !
Building Blocks for Digital Assets
Harnessing digital assets through power of Analytics
Getting the best out !
Mahindra Comviva’s CVM Solution
4. 4
Economic Trend Supporting Growth of Middle
Class Population
Growth isn’t Growth anymore!
Migration of people
into Middle Class due
to disparity in income
& positive GDP
Africa- One of the
fastest growing
continents in the
world with 5.2% of
forecasted annual
GDP growth by 2016
Between 2000 and
2010 itself Africa’s
middle class base
grew by 130m
Source: African Development Bank, World bank data, IMF forecasts, Deloitte ‘Rise and Rise of the African Middle Class
5. 5
Mobile Markets are moving towards lower
revenue growth
Growth isn’t Growth anymore!
Improved economic condition
enabled Africa to experience the
fastest telecom growth worldwide
Mobile subscriber growth remains
fastest in the world positively
impacting telecoms markets
Mobile subscription penetration
has > 72% across Africa
But huge Multi-SIM ownership
observed leading to low revenue
growth
In Nigeria mobile
penetration is > 60% but
SIM ownership is >2.4 per
user
2000 2015 (Estimated)
Need is to harness the existing assets for driving higher revenues
6. 6
The new world order - Rules have changed!
Mass marketing “Segment of one” marketing
Batch & blast Contextual Communication
Aligned to campaign calendar Aligned to customer lifecycle
One-way communication Dialogue/interactive
Business & channel silos Integrated & informed
Manual/semi-automated Fully automated
Periodic Real-time/ near-real time
1
2
3
4
5
6
7. 7
Marketing Redefined: Digital assets are evolving !
Have you identified the right
assets?
Subscriber Profiles
Transaction & Spend Patterns
Ability to reach out on SMS,
USSD, Email, Bill, Portal
New Age Assets:
Transaction data, Usage patterns, Social data => Context
Identify the right
customer and serve
contextually
relevant offers
8. 8
Building Blocks for Digital Assets
Strategic
Marketing Plan
Marketing
program &
content
development
Digital Assets
Management
Multi-channel
Delivery &
Fulfillment
Analytical
Measurement of
Digital Assets
Need to manage digital assets through
robust process design
Practices
Potential
9. 9
Strategic & Innovative Marketing Plan
Strategic
Marketing Plan
Marketing
program &
content
development
Digital Assets
Management
Multi-channel
Delivery &
Fulfillment
Analytical
Measurement of
Digital Assets
Formulating a strategic marketing
map to ‘sweat’ digital assets is the
key
Customer-side
engagement is the key
Who is the customer
Demographic information, life
stage, transactional patterns,
device type, social group
Where is the
customer
present
Location & network
environment When would a
person take an
action
Real-time information
Who
Where
When
Operators have large volumes of
customer data
Power of analytics to understand and
bring context to engagement
Potentially treat each subscriber as
unique
10. 10
Harnessing Digital Assets for Contextual
Marketing
Strategic
Marketing Plan
Marketing
program &
content
development
Digital Assets
Management
Multi-channel
Delivery &
Fulfillment
Analytical
Measurement of
Digital Assets
Contextual & Predictive Marketing
powered by Big Data analytics
Big Data
Applications
Predictive
Analytics
Contextual
Marketing
Pillars for new era Marketing Programs
Consumer insights- key to derive the
Customer persona
Recommendations - need to be contextual
and relevant
11. 11
Multi-channel delivery of right offers
Strategic
Marketing Plan
Marketing
program &
content
development
Digital Assets
Management
Multi-channel
Delivery &
Fulfillment
Analytical
Measurement of
Digital Assets
Analytics- predicting the right
channel for offer delivery
Multiple Channel delivery & fulfillment
Identify the right customer and send
contextually relevant offers by the
most relevant channel with power of
‘one-click’ fulfilment
12. 12
Do we have Right
product mix?
Ability to discover the
products?
When and how you reach out to subscriber?
Digital Assets Management
Data is immense – imperative to manage
the assets in the most profitable way
Strategic
Marketing Plan
Marketing
program &
content
development
Digital Assets
Management
Multi-channel
Delivery &
Fulfillment
Analytical
Measurement of
Digital Assets
New Age Digital Assets:
Transaction data, Usage patterns,
Social data => Context
13. 13
Analytical Measurement of Digital Assets
Creating ‘Actionable Insights’ to power
growth !
Strategic
Marketing Plan
Marketing
program &
content
development
Digital Assets
Management
Multi-channel
Delivery &
Fulfillment
Analytical
Measurement of
Digital Assets
Have you identified right assets?
Have you measured efficiency of your
Marketing Programs?
– Subscribers
– Subscriber profile
– Ability to reach out on SMS, USSD, Email,
Bill, Portal
14. 14
Power of Analytics - The paradigm
Analytics to micro-segment (even N=1) based on behavior and profiles
Cross-product into micro-segments
Reach via more than one touch point:
“Average is for marketers who don’t have
enough information to be accurate ” --Seth Godin
15. 15
How do you do all this ? Big Data Analytics
Descriptive
PredictivePrescriptive
Unstructured data/
Profile data/
Demographic Data
Statistical /
Association/
Feature extraction
algorithms
Reports/Drill-downs/
Associations/ Feature
patterns
Usage data
and
transactional
data
Logistic
Regression
/ ML classifiers
Predictive
scores /
forecasts
Historical transactional
data and real-time data
feeds
Predictions,
random variable
optimization +
business rules
Recommendations,
optimized solutions
16. 16
Deploying a multidimensional approach to
arrive at granular customer insights
Analysis based
on tariff profile
Value based
analysis
Multi-dimensional
analysis
Transactions
Attitude
Demography
Interactions
Platinum
Silver
RFM score
Recency
Frequency
Monetary value
=
+
+
Gold
Location
Defines broad
segments based on
class of service
Ranks customers on
recency, frequency &
monetary value to
create segments
Leverages demographic,
transaction, location,
interaction & social media
data to identify and
address each customer
uniquely
17. 17
Deepen engagement over the lifecycle of the
customer
Acquire Grow Retain Winback
Pricing
Incentives for the first
top-up
Discount on VAS
trials
Bundled pricing
plans
Location based
pricing
Real-time Offers
Personalized real
time offers
Next best offers
Data/VAS/mMoney
promotions
Location based offer
Churn control
Churn propensity
scoring
Customer experience
optimization
Winback campaigns
Recommendation
Service/content
recommendations
Rewards
Loyalty programs
Tenure based
personalized rewards
Usecases
19. 19
Addressing the 3V Business Challenges
The 3V challenge Magnitude of challenge
Use analytical tools to gain insight
into customer data and drive
business decisions and action in real/
near-real time
Use open source
framework to
process and store
large datasets
Data
velocity
Data
volume
Data
variety
GB TB PB
Analyze both structured data
(transactional data) and unstructured
data (data from social networks,
customers’ feedback) to develop deep
insights into consumer behavior
Number of
mobile
customers
Number of CDRs
generated per
person per day
CDRs processes
5mn
20
x
=
100mn
20. 20
Through Mahindra Comviva’ s CVM Solution
Analytics layerData sources
Subscriber profile
Location
Social media
Multi-channel
Campaign delivery
Transactional data
Campaign manager,
scheduler and
executor
Reports
Data
visualization
layer
RFM segmentation
Custom micro-segmentation
using customer’s 360°
profile parameters
Mahindra Comviva’s Revenue Plus suite is a unique analytics driven CVM solution that drives Revenue
Growth by Contextual Marketing with emphasis on Customer Engagement and Retention
21. 21
Driving CVM
Revenue Plus: Creating Value at every step !
Revenue Plus Suite
Micro Marketing
Solution
Max Engage
Solution
Subscriber Segmentation
Campaign Management
iEOCN
(Intelligent Notifications)
Winback Solution
Loyalty Solution
(Subscribers/Retailers)
IRIS (Incremental Rev
through Incremental Sale)
Recommendation Engine
(NBA)
Churn Prediction
Dynamic Tarifing
Solution
DPS - Data
DPS - Voice
Data & Voice Micro-
pricing
1 2 3
Marketing Platform Marketing Solutions Marketing Services
Analytical Driven Marketing
platform
Tools & Technologies to
develop CVM Campaigns
Module based offering as a ‘pick
and choose’ package
Best Business processes &
Consultancy
Allows transfer of Operational Usage &
Revenue enhancement Responsibilities
Manage end-to-end U & R operations
Revenue Plus suite is a unique CVM solution that drives Revenue Growth by Contextual Marketing
with emphasis on Customer Engagement, Loyalty and Retention
IncreasedCustomer
Value
Business Consultancy Analytics Office
In sum, with the intense competition in the Mobile space, new customer acquisition is no longer the only option for growth. We need to realize and bring forward the new Digital assets and leverage them with new world analytics. Emphasize: Mass is passe, 1 is in!
All current tools available with Telcos enable them to do everything on the Left, so why isn't growth happening the way it was. It’s the same customer! The customer is now aware and ‘demanding’. I want to know what is there for me and not ‘us’. A shift in marketing approach is required to create new assets and also find tools to leverage them.
The customer is the biggest asset...RIGHT ! But what is the biggest asset of the customer ? The way the customer interacts with the Telco and with each other using the Telco services. In the new world of Telecom, the customer interaction is the new asset and the BIGGEST digital asset.
Break through the silos of customer data, to evaluate the full impact of the customer experience on various KPIs such as loyalty, customer lifetime value, and profitability
The engagement with the customer has to be sustained and has to be across the Lifecycle. Analytics leverages the hidden digital assets to ‘create’ value at each step of the customer life-cycle.
While structured data fits into traditional data warehouses, existing systems are less capable of handling/processing the large volumes of unstructured data that comes from social media and voice services. As a result, new Big Data analytics technologies are being developed, including Hadoop platforms, MapReduce processing, and other NoSQL databases. These are part of an open source framework that can process large datasets.
The Comviva solution uses all available digital assets to give an all round customer view and then adapts communication approach, Products and channels most suited to that customer while at every step reporting the business performance across a host of KPIs.