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Copyright © 2015, Oracle and/or its affiliates. All rights reserved. |
Will Social Serve as the Tipping Point for
Commerce?
Bill Hobbib, VP Product Marketing: Commerce and Social
Mary Tarczynski, CMO, Ditto Labs
Oracle Confidential – Internal/Restricted/Highly Restricted
Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted
70% of Fortune 500 firms in
1990 are gone today, and 50%
are gone since 2000
Very few retailers survive
beyond a decade
Iconic brands disappear
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
The buyer is in control.
(But you‘re often still marketing,selling
and servicingas if this wasn’t true.)
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
$327 billion
will be spent online by U.S.
consumers in 2016
74% of consumers rely
on social media to guide
their purchases
43% of consumers are
more likely to buy a new
product when learning
about it on social
60% of SMBs say they’ve
gained new customers
through their social media
efforts
State of Social Commerce
Oracle Confidential – Internal/Restricted/Highly Restricted 5
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Share of Social Generated E-Commerce Revenue
Oracle Confidential – Internal/Restricted/Highly Restricted 6
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Growth Rate of Social Media Fan Base
Oracle Confidential – Internal/Restricted/Highly Restricted
Source: “Has Social Commerce Reached a Tipping Point” (Retail Touchpoints Survey report: 2014)
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Impact of Social on Commerce Sales: Today vs 2018
None less than
5%
5-10%
11-20%
21-30%31-40%
41-50%
51-75%
76-90%
More
than 90%
None
less than
5%
5-10%
11-20%
21-30%
31-40%
41-50%
51-75%
76-90%
More
than 90%
What % of Sales Do You Attribute to Social Commerce?
Today By 2018
Source: “Has Social Commerce Reached a Tipping Point” (Retail Touchpoints Survey report: 2014)
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Do You Have a Social Commerce Strategy in Place?
Oracle Confidential – Internal/Restricted/Highly Restricted
72%
21%
70%
Yes
No, but plan to
add
No
If “no”, what is preventing your organization from
investing in social commerce? (check all that apply)
4%
22%
33%
41%
48%
0% 10% 20% 30% 40% 50% 60%
Not relevant to our target
audience
Lack of internal expertise to
develop Social Commerce…
Budget constraints
Other priorities take precedence
Still working to perfect our e-
Commerce Strategy
Source: “Has Social Commerce Reached a Tipping Point” (Retail Touchpoints Survey report: 2014)
Copyright © 2015, Oracle and/or its affiliates. All rights reserved. |
Top 400 retailers earned $3.4B from social
shopping in 2014.
Up 26% from 2013, vs 16% growth rate for overall e-commerce market
Oracle Confidential – Internal/Restricted/Highly Restricted 10
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 11
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 12
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 13
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 14
Copyright © 2015, Oracle and/or its affiliates. All rights reserved. |
Authentic engagement, user-generated content
Convenience, immediate calls to action
Incentives to buy via social
Oracle Confidential – Internal/Restricted/Highly Restricted
Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 16
Get insight from Social about content that will resonate with your audience
Leverage user-generated content to drive social sales
Actively engage with influencers
Understand your channels, target right content to each channel
Add "buy" button to social channels, propagate storefront to social
Use Commerce/Social data to find look alike audiences
Use Social to promote incentives
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
1.8 Billion Photos are Shared on Social Media Every Day
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
But text listening tools miss many of these pictures
No reference to
Bolthouse Farms
No reference to
Uber
No reference to
Pampers
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Ditto uses proprietary image recognition to detect brands
in social photos and organize them for marketers
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Ditto clients primarily use image recognition for customer
insights, visual analytics and influencer engagement
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
But several factors have recently converged to make
social photos the tipping point for social commerce
Smart phones with cameras = UGC
+ Social networks = attention on photos
+ Low cost data plans = massive UGC
+ Computer vision = structure photo content
+ ElasticCloud = affordability @scale
+ Affiliate models = social commerce
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Brands are already using photos to drive interest and sales
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
What if that content was generated by real customers?
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Computer vision curates for presence of brand, faces,
smiles, scenes and objects and can be trained on “allure”
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Images sourced by Ditto feed into the Oracle Social Media
Mixer Module for manual approval

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Will Social Serve as the Tipping Point for Commerce (Oracle Open World 2015)

  • 1. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Will Social Serve as the Tipping Point for Commerce? Bill Hobbib, VP Product Marketing: Commerce and Social Mary Tarczynski, CMO, Ditto Labs Oracle Confidential – Internal/Restricted/Highly Restricted
  • 2. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 70% of Fortune 500 firms in 1990 are gone today, and 50% are gone since 2000 Very few retailers survive beyond a decade Iconic brands disappear
  • 3. Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | The buyer is in control. (But you‘re often still marketing,selling and servicingas if this wasn’t true.)
  • 4. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | $327 billion will be spent online by U.S. consumers in 2016 74% of consumers rely on social media to guide their purchases 43% of consumers are more likely to buy a new product when learning about it on social 60% of SMBs say they’ve gained new customers through their social media efforts State of Social Commerce Oracle Confidential – Internal/Restricted/Highly Restricted 5
  • 5. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Share of Social Generated E-Commerce Revenue Oracle Confidential – Internal/Restricted/Highly Restricted 6
  • 6. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Growth Rate of Social Media Fan Base Oracle Confidential – Internal/Restricted/Highly Restricted Source: “Has Social Commerce Reached a Tipping Point” (Retail Touchpoints Survey report: 2014)
  • 7. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Impact of Social on Commerce Sales: Today vs 2018 None less than 5% 5-10% 11-20% 21-30%31-40% 41-50% 51-75% 76-90% More than 90% None less than 5% 5-10% 11-20% 21-30% 31-40% 41-50% 51-75% 76-90% More than 90% What % of Sales Do You Attribute to Social Commerce? Today By 2018 Source: “Has Social Commerce Reached a Tipping Point” (Retail Touchpoints Survey report: 2014)
  • 8. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Do You Have a Social Commerce Strategy in Place? Oracle Confidential – Internal/Restricted/Highly Restricted 72% 21% 70% Yes No, but plan to add No If “no”, what is preventing your organization from investing in social commerce? (check all that apply) 4% 22% 33% 41% 48% 0% 10% 20% 30% 40% 50% 60% Not relevant to our target audience Lack of internal expertise to develop Social Commerce… Budget constraints Other priorities take precedence Still working to perfect our e- Commerce Strategy Source: “Has Social Commerce Reached a Tipping Point” (Retail Touchpoints Survey report: 2014)
  • 9. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Top 400 retailers earned $3.4B from social shopping in 2014. Up 26% from 2013, vs 16% growth rate for overall e-commerce market Oracle Confidential – Internal/Restricted/Highly Restricted 10
  • 10. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 11
  • 11. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 12
  • 12. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 13
  • 13. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 14
  • 14. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Authentic engagement, user-generated content Convenience, immediate calls to action Incentives to buy via social Oracle Confidential – Internal/Restricted/Highly Restricted
  • 15. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 16 Get insight from Social about content that will resonate with your audience Leverage user-generated content to drive social sales Actively engage with influencers Understand your channels, target right content to each channel Add "buy" button to social channels, propagate storefront to social Use Commerce/Social data to find look alike audiences Use Social to promote incentives
  • 16. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | 1.8 Billion Photos are Shared on Social Media Every Day
  • 17. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | But text listening tools miss many of these pictures No reference to Bolthouse Farms No reference to Uber No reference to Pampers
  • 18. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Ditto uses proprietary image recognition to detect brands in social photos and organize them for marketers
  • 19. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Ditto clients primarily use image recognition for customer insights, visual analytics and influencer engagement
  • 20. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | But several factors have recently converged to make social photos the tipping point for social commerce Smart phones with cameras = UGC + Social networks = attention on photos + Low cost data plans = massive UGC + Computer vision = structure photo content + ElasticCloud = affordability @scale + Affiliate models = social commerce
  • 21. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Brands are already using photos to drive interest and sales
  • 22. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | What if that content was generated by real customers?
  • 23. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Computer vision curates for presence of brand, faces, smiles, scenes and objects and can be trained on “allure”
  • 24. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Images sourced by Ditto feed into the Oracle Social Media Mixer Module for manual approval