SlideShare a Scribd company logo
1 of 11
Download to read offline
JUNE 2017 www.mus3.co.uk
Introduction to MUSE
Using data science and insight to increase
your marketing effectiveness
WHO WE ARE
• A specialist data science team dedicated to using data to understand and improve marketing effectiveness
• Drawing on a strong direct marketing pedigree focussed on maximising marketing ROI
• Delivering a full solution or adding to your existing capabilities
• Always delivering actionable insights to improve commercial business outputs
| 2
WHAT MAKES MUSE DIFFERENT?
1. Top-level data
scientists
We invest in top-level
data scientists who can
solve complex marketing
problems in new
2. Fast and flexible
We work fast and flexibly
solving problems within
acceptable timescales
3. Cost-effective
We have the capability to
work quickly and
accurately which reduces
cost; this makes
advanced data analytics
accessible
4. Actionable outputs
We recognise your need
to analytical outputs that
can be leveraged into
improved results
CLIENTS
| 4
WE ADD VALUE IN FOUR KEY AREAS
1. Forecasting into the future – what drives sales, who buys most, who are you highest value
customers, what will they purchase next? What are the best combinations of products and services,
pricing elasticity etc
2. Increasing your marketing and media effectiveness – which elements of your marketing and media
activity are contributing the most to sales
3. CRM: Optimising budgets to win and retain customers, donors and subscribers
4. Improving digital performance – how can you use your first party data to improve ROI in areas like
digital display and social media
Forecasting | Effectiveness | Performance
EXAMPLE PROBLEM SOLVING FROM MUSE
FORECASTING INTO THE FUTURE
• Customer Targeting, Scoring and Segmentation – using multivariate segmentation (i.e. looking at demographic,
behavioural and transaction data) to improve the targeting and ROI of your email, online display, programmatic and DM
activity
• Predicting sales performance – by analysing market and product attributes we can use statistical techniques to produce
accurate high granularity sales forecasts.
• Database updating - each year 20% of customer data changes. We can screen, clean and consolidate your database to
make sure you are not contacting people who will not receive your communications
• Email matching – our data scientists use advanced techniques to clean and match customer records based on email and
other address data
• Business Forecasting – we can forecast responses, leads, donors, subscriptions, sales and ROI from marketing activity.
This forecasting can be for a new business launch, existing campaigns or CRM and customer lifetime value forecasting.
FORECASTING FOR IMPROVED TARGETING AND PRODUCT SALES
| 6
EXAMPLE PROBLEM SOLVING FROM MUSE
IMPROVING MARKETING AND MEDIA PEFORMANCE
• Response Analysis – matching customer records and value to media activity to understand which channels produce
the highest and lowest value customers - this means you can prioritise media channel use based on ROI rather than
simply cost per response
• Creative evaluation – over time creative work tends to become less responsive; we can establish the wear out for you
can plan your next set of briefs
• Marketing Evaluation: Marketing Mix Models – helping you to understand the impact of pricing, promotion and
distribution on how you built sales and market share. Uses econometric modelling
• Media Evaluation: Media Mix Models – helping you to optimise your media investment laydown to maximise the ROI
generate from every £1 spent in marketing. Uses econometric modelling
• Budget setting – helping you build budgets from the bottom up (Zero Based Budgeting)
| 7
INCREASING YOUR MARKETING AND MEDIA EFFECTIVENESS
OPTIMISING ACQUISITITION AND RETENTION
OPTIMISING ACQUISITION AND RETENTION
• Acquisition modelling– How many customers can you acquire within a certain budget? Over what time period will you
acquire the those new customers? What will the CPA be in each channel?
• Churn forecasting– how will churn affect your business model? What churn rates can you expect? How does churn
rate really impact your business over time? Our models can tell you and allow you to run interactive scenarios to asses
the impact of different churn rates
• Income projections – what income can you expect to generate in per subscriber / donor and in total
• Subscriber cash flows – what will your inward cash flows be over the period when you account for new wins and churn
losses?
• Setting your target monthly revenue target per customer – given the cost of acquisition and the rate of churn what
recurring fees do you need to charge to make a profit in the short, medium and long term?
• Control and reporting frameworks – we can set benchmarks against which your business performance can be
monitored.
| 8
Optimising budgets to win and retain customers, donors and subscribers
EXAMPLE PROBLEM SOLVING FROM MUSE
IMPROVING DIGITAL PERFORMANCE
• Digital Analytics – analysing on site data and on site behaviours to develop customer segments using both on site and
transactional data – these can be used to target display and email activity
• Social Media Analytics – we can help advertisers analyse large volume API data from social media channels. This can
include building social media segments around key behavioural and transactional characteristics
• Correcting last click misattribution – helping you to understand what is driving your last click performance and
accurately attributing the effect of marketing spend across the customer journey
• Click Path Analysis – just where did your traffic and revenue come from? Can that insight inform where you prioritise
investment across the path to purchase
| 9
INCREASING YOUR DIGITAL EFFECTIVENESS
RECENT PROJECTS
Client Project type
UK Charity Modelling effectiveness of media channels
Comparing modelled results to current internal reporting via drop down menus
Establishing true contribution of TV advertising
National retail brand Retail planning: identifying retail supply and demand patterns within big data;
Measuring sales vs proximity to branches
Looking at whether cross sales increase closer to branches
Sports and leisure clubs Matching two separate databases, one offline and one online
Identifying conversion rates by reported channel
Measuring time to convert by channel and by month
International business
publication
Building a tracking forecasting model which allows The Economist to predict how TV investment is
affecting their multiple platforms (digital, email, social etc)
SaaS provider Modelling the effect of TV investment on search traffic
Measuring effect of advertising on category growth
Travel company Modelling the effect of TV investment on enquiries, bookings and revenue
Looking at the impact of TV on new and repeat bookings and different product types
| 10
Contact: Simon Foster
simon@mus3.co.uk
30 Gresse St
London
W1T 1QR
020 7307 6100
www.mus3.co.uk

More Related Content

Recently uploaded

Capstone in Interprofessional Informatic // IMPACT OF COVID 19 ON EDUCATION
Capstone in Interprofessional Informatic  // IMPACT OF COVID 19 ON EDUCATIONCapstone in Interprofessional Informatic  // IMPACT OF COVID 19 ON EDUCATION
Capstone in Interprofessional Informatic // IMPACT OF COVID 19 ON EDUCATIONLakpaYanziSherpa
 
Jual obat aborsi Bandung ( 085657271886 ) Cytote pil telat bulan penggugur ka...
Jual obat aborsi Bandung ( 085657271886 ) Cytote pil telat bulan penggugur ka...Jual obat aborsi Bandung ( 085657271886 ) Cytote pil telat bulan penggugur ka...
Jual obat aborsi Bandung ( 085657271886 ) Cytote pil telat bulan penggugur ka...Klinik kandungan
 
Top profile Call Girls In Hapur [ 7014168258 ] Call Me For Genuine Models We ...
Top profile Call Girls In Hapur [ 7014168258 ] Call Me For Genuine Models We ...Top profile Call Girls In Hapur [ 7014168258 ] Call Me For Genuine Models We ...
Top profile Call Girls In Hapur [ 7014168258 ] Call Me For Genuine Models We ...nirzagarg
 
PLE-statistics document for primary schs
PLE-statistics document for primary schsPLE-statistics document for primary schs
PLE-statistics document for primary schscnajjemba
 
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...ZurliaSoop
 
Aspirational Block Program Block Syaldey District - Almora
Aspirational Block Program Block Syaldey District - AlmoraAspirational Block Program Block Syaldey District - Almora
Aspirational Block Program Block Syaldey District - AlmoraGovindSinghDasila
 
怎样办理伦敦大学城市学院毕业证(CITY毕业证书)成绩单学校原版复制
怎样办理伦敦大学城市学院毕业证(CITY毕业证书)成绩单学校原版复制怎样办理伦敦大学城市学院毕业证(CITY毕业证书)成绩单学校原版复制
怎样办理伦敦大学城市学院毕业证(CITY毕业证书)成绩单学校原版复制vexqp
 
SAC 25 Final National, Regional & Local Angel Group Investing Insights 2024 0...
SAC 25 Final National, Regional & Local Angel Group Investing Insights 2024 0...SAC 25 Final National, Regional & Local Angel Group Investing Insights 2024 0...
SAC 25 Final National, Regional & Local Angel Group Investing Insights 2024 0...Elaine Werffeli
 
Top profile Call Girls In Bihar Sharif [ 7014168258 ] Call Me For Genuine Mod...
Top profile Call Girls In Bihar Sharif [ 7014168258 ] Call Me For Genuine Mod...Top profile Call Girls In Bihar Sharif [ 7014168258 ] Call Me For Genuine Mod...
Top profile Call Girls In Bihar Sharif [ 7014168258 ] Call Me For Genuine Mod...nirzagarg
 
如何办理英国诺森比亚大学毕业证(NU毕业证书)成绩单原件一模一样
如何办理英国诺森比亚大学毕业证(NU毕业证书)成绩单原件一模一样如何办理英国诺森比亚大学毕业证(NU毕业证书)成绩单原件一模一样
如何办理英国诺森比亚大学毕业证(NU毕业证书)成绩单原件一模一样wsppdmt
 
Harnessing the Power of GenAI for BI and Reporting.pptx
Harnessing the Power of GenAI for BI and Reporting.pptxHarnessing the Power of GenAI for BI and Reporting.pptx
Harnessing the Power of GenAI for BI and Reporting.pptxParas Gupta
 
一比一原版(UCD毕业证书)加州大学戴维斯分校毕业证成绩单原件一模一样
一比一原版(UCD毕业证书)加州大学戴维斯分校毕业证成绩单原件一模一样一比一原版(UCD毕业证书)加州大学戴维斯分校毕业证成绩单原件一模一样
一比一原版(UCD毕业证书)加州大学戴维斯分校毕业证成绩单原件一模一样wsppdmt
 
Vadodara 💋 Call Girl 7737669865 Call Girls in Vadodara Escort service book now
Vadodara 💋 Call Girl 7737669865 Call Girls in Vadodara Escort service book nowVadodara 💋 Call Girl 7737669865 Call Girls in Vadodara Escort service book now
Vadodara 💋 Call Girl 7737669865 Call Girls in Vadodara Escort service book nowgargpaaro
 
DATA SUMMIT 24 Building Real-Time Pipelines With FLaNK
DATA SUMMIT 24  Building Real-Time Pipelines With FLaNKDATA SUMMIT 24  Building Real-Time Pipelines With FLaNK
DATA SUMMIT 24 Building Real-Time Pipelines With FLaNKTimothy Spann
 
Top profile Call Girls In Purnia [ 7014168258 ] Call Me For Genuine Models We...
Top profile Call Girls In Purnia [ 7014168258 ] Call Me For Genuine Models We...Top profile Call Girls In Purnia [ 7014168258 ] Call Me For Genuine Models We...
Top profile Call Girls In Purnia [ 7014168258 ] Call Me For Genuine Models We...nirzagarg
 
Predicting HDB Resale Prices - Conducting Linear Regression Analysis With Orange
Predicting HDB Resale Prices - Conducting Linear Regression Analysis With OrangePredicting HDB Resale Prices - Conducting Linear Regression Analysis With Orange
Predicting HDB Resale Prices - Conducting Linear Regression Analysis With OrangeThinkInnovation
 

Recently uploaded (20)

Capstone in Interprofessional Informatic // IMPACT OF COVID 19 ON EDUCATION
Capstone in Interprofessional Informatic  // IMPACT OF COVID 19 ON EDUCATIONCapstone in Interprofessional Informatic  // IMPACT OF COVID 19 ON EDUCATION
Capstone in Interprofessional Informatic // IMPACT OF COVID 19 ON EDUCATION
 
Jual obat aborsi Bandung ( 085657271886 ) Cytote pil telat bulan penggugur ka...
Jual obat aborsi Bandung ( 085657271886 ) Cytote pil telat bulan penggugur ka...Jual obat aborsi Bandung ( 085657271886 ) Cytote pil telat bulan penggugur ka...
Jual obat aborsi Bandung ( 085657271886 ) Cytote pil telat bulan penggugur ka...
 
Top profile Call Girls In Hapur [ 7014168258 ] Call Me For Genuine Models We ...
Top profile Call Girls In Hapur [ 7014168258 ] Call Me For Genuine Models We ...Top profile Call Girls In Hapur [ 7014168258 ] Call Me For Genuine Models We ...
Top profile Call Girls In Hapur [ 7014168258 ] Call Me For Genuine Models We ...
 
PLE-statistics document for primary schs
PLE-statistics document for primary schsPLE-statistics document for primary schs
PLE-statistics document for primary schs
 
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Surabaya ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
Aspirational Block Program Block Syaldey District - Almora
Aspirational Block Program Block Syaldey District - AlmoraAspirational Block Program Block Syaldey District - Almora
Aspirational Block Program Block Syaldey District - Almora
 
Abortion pills in Jeddah | +966572737505 | Get Cytotec
Abortion pills in Jeddah | +966572737505 | Get CytotecAbortion pills in Jeddah | +966572737505 | Get Cytotec
Abortion pills in Jeddah | +966572737505 | Get Cytotec
 
Sequential and reinforcement learning for demand side management by Margaux B...
Sequential and reinforcement learning for demand side management by Margaux B...Sequential and reinforcement learning for demand side management by Margaux B...
Sequential and reinforcement learning for demand side management by Margaux B...
 
Cytotec in Jeddah+966572737505) get unwanted pregnancy kit Riyadh
Cytotec in Jeddah+966572737505) get unwanted pregnancy kit RiyadhCytotec in Jeddah+966572737505) get unwanted pregnancy kit Riyadh
Cytotec in Jeddah+966572737505) get unwanted pregnancy kit Riyadh
 
怎样办理伦敦大学城市学院毕业证(CITY毕业证书)成绩单学校原版复制
怎样办理伦敦大学城市学院毕业证(CITY毕业证书)成绩单学校原版复制怎样办理伦敦大学城市学院毕业证(CITY毕业证书)成绩单学校原版复制
怎样办理伦敦大学城市学院毕业证(CITY毕业证书)成绩单学校原版复制
 
SAC 25 Final National, Regional & Local Angel Group Investing Insights 2024 0...
SAC 25 Final National, Regional & Local Angel Group Investing Insights 2024 0...SAC 25 Final National, Regional & Local Angel Group Investing Insights 2024 0...
SAC 25 Final National, Regional & Local Angel Group Investing Insights 2024 0...
 
Top profile Call Girls In Bihar Sharif [ 7014168258 ] Call Me For Genuine Mod...
Top profile Call Girls In Bihar Sharif [ 7014168258 ] Call Me For Genuine Mod...Top profile Call Girls In Bihar Sharif [ 7014168258 ] Call Me For Genuine Mod...
Top profile Call Girls In Bihar Sharif [ 7014168258 ] Call Me For Genuine Mod...
 
如何办理英国诺森比亚大学毕业证(NU毕业证书)成绩单原件一模一样
如何办理英国诺森比亚大学毕业证(NU毕业证书)成绩单原件一模一样如何办理英国诺森比亚大学毕业证(NU毕业证书)成绩单原件一模一样
如何办理英国诺森比亚大学毕业证(NU毕业证书)成绩单原件一模一样
 
Harnessing the Power of GenAI for BI and Reporting.pptx
Harnessing the Power of GenAI for BI and Reporting.pptxHarnessing the Power of GenAI for BI and Reporting.pptx
Harnessing the Power of GenAI for BI and Reporting.pptx
 
一比一原版(UCD毕业证书)加州大学戴维斯分校毕业证成绩单原件一模一样
一比一原版(UCD毕业证书)加州大学戴维斯分校毕业证成绩单原件一模一样一比一原版(UCD毕业证书)加州大学戴维斯分校毕业证成绩单原件一模一样
一比一原版(UCD毕业证书)加州大学戴维斯分校毕业证成绩单原件一模一样
 
Vadodara 💋 Call Girl 7737669865 Call Girls in Vadodara Escort service book now
Vadodara 💋 Call Girl 7737669865 Call Girls in Vadodara Escort service book nowVadodara 💋 Call Girl 7737669865 Call Girls in Vadodara Escort service book now
Vadodara 💋 Call Girl 7737669865 Call Girls in Vadodara Escort service book now
 
DATA SUMMIT 24 Building Real-Time Pipelines With FLaNK
DATA SUMMIT 24  Building Real-Time Pipelines With FLaNKDATA SUMMIT 24  Building Real-Time Pipelines With FLaNK
DATA SUMMIT 24 Building Real-Time Pipelines With FLaNK
 
Top profile Call Girls In Purnia [ 7014168258 ] Call Me For Genuine Models We...
Top profile Call Girls In Purnia [ 7014168258 ] Call Me For Genuine Models We...Top profile Call Girls In Purnia [ 7014168258 ] Call Me For Genuine Models We...
Top profile Call Girls In Purnia [ 7014168258 ] Call Me For Genuine Models We...
 
Predicting HDB Resale Prices - Conducting Linear Regression Analysis With Orange
Predicting HDB Resale Prices - Conducting Linear Regression Analysis With OrangePredicting HDB Resale Prices - Conducting Linear Regression Analysis With Orange
Predicting HDB Resale Prices - Conducting Linear Regression Analysis With Orange
 
Abortion pills in Doha Qatar (+966572737505 ! Get Cytotec
Abortion pills in Doha Qatar (+966572737505 ! Get CytotecAbortion pills in Doha Qatar (+966572737505 ! Get Cytotec
Abortion pills in Doha Qatar (+966572737505 ! Get Cytotec
 

Featured

Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Applitools
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at WorkGetSmarter
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...DevGAMM Conference
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationErica Santiago
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellSaba Software
 

Featured (20)

Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy Presentation
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
 

MUSE data science introduction

  • 1. JUNE 2017 www.mus3.co.uk Introduction to MUSE Using data science and insight to increase your marketing effectiveness
  • 2. WHO WE ARE • A specialist data science team dedicated to using data to understand and improve marketing effectiveness • Drawing on a strong direct marketing pedigree focussed on maximising marketing ROI • Delivering a full solution or adding to your existing capabilities • Always delivering actionable insights to improve commercial business outputs | 2
  • 3. WHAT MAKES MUSE DIFFERENT? 1. Top-level data scientists We invest in top-level data scientists who can solve complex marketing problems in new 2. Fast and flexible We work fast and flexibly solving problems within acceptable timescales 3. Cost-effective We have the capability to work quickly and accurately which reduces cost; this makes advanced data analytics accessible 4. Actionable outputs We recognise your need to analytical outputs that can be leveraged into improved results
  • 5. WE ADD VALUE IN FOUR KEY AREAS 1. Forecasting into the future – what drives sales, who buys most, who are you highest value customers, what will they purchase next? What are the best combinations of products and services, pricing elasticity etc 2. Increasing your marketing and media effectiveness – which elements of your marketing and media activity are contributing the most to sales 3. CRM: Optimising budgets to win and retain customers, donors and subscribers 4. Improving digital performance – how can you use your first party data to improve ROI in areas like digital display and social media Forecasting | Effectiveness | Performance
  • 6. EXAMPLE PROBLEM SOLVING FROM MUSE FORECASTING INTO THE FUTURE • Customer Targeting, Scoring and Segmentation – using multivariate segmentation (i.e. looking at demographic, behavioural and transaction data) to improve the targeting and ROI of your email, online display, programmatic and DM activity • Predicting sales performance – by analysing market and product attributes we can use statistical techniques to produce accurate high granularity sales forecasts. • Database updating - each year 20% of customer data changes. We can screen, clean and consolidate your database to make sure you are not contacting people who will not receive your communications • Email matching – our data scientists use advanced techniques to clean and match customer records based on email and other address data • Business Forecasting – we can forecast responses, leads, donors, subscriptions, sales and ROI from marketing activity. This forecasting can be for a new business launch, existing campaigns or CRM and customer lifetime value forecasting. FORECASTING FOR IMPROVED TARGETING AND PRODUCT SALES | 6
  • 7. EXAMPLE PROBLEM SOLVING FROM MUSE IMPROVING MARKETING AND MEDIA PEFORMANCE • Response Analysis – matching customer records and value to media activity to understand which channels produce the highest and lowest value customers - this means you can prioritise media channel use based on ROI rather than simply cost per response • Creative evaluation – over time creative work tends to become less responsive; we can establish the wear out for you can plan your next set of briefs • Marketing Evaluation: Marketing Mix Models – helping you to understand the impact of pricing, promotion and distribution on how you built sales and market share. Uses econometric modelling • Media Evaluation: Media Mix Models – helping you to optimise your media investment laydown to maximise the ROI generate from every £1 spent in marketing. Uses econometric modelling • Budget setting – helping you build budgets from the bottom up (Zero Based Budgeting) | 7 INCREASING YOUR MARKETING AND MEDIA EFFECTIVENESS
  • 8. OPTIMISING ACQUISITITION AND RETENTION OPTIMISING ACQUISITION AND RETENTION • Acquisition modelling– How many customers can you acquire within a certain budget? Over what time period will you acquire the those new customers? What will the CPA be in each channel? • Churn forecasting– how will churn affect your business model? What churn rates can you expect? How does churn rate really impact your business over time? Our models can tell you and allow you to run interactive scenarios to asses the impact of different churn rates • Income projections – what income can you expect to generate in per subscriber / donor and in total • Subscriber cash flows – what will your inward cash flows be over the period when you account for new wins and churn losses? • Setting your target monthly revenue target per customer – given the cost of acquisition and the rate of churn what recurring fees do you need to charge to make a profit in the short, medium and long term? • Control and reporting frameworks – we can set benchmarks against which your business performance can be monitored. | 8 Optimising budgets to win and retain customers, donors and subscribers
  • 9. EXAMPLE PROBLEM SOLVING FROM MUSE IMPROVING DIGITAL PERFORMANCE • Digital Analytics – analysing on site data and on site behaviours to develop customer segments using both on site and transactional data – these can be used to target display and email activity • Social Media Analytics – we can help advertisers analyse large volume API data from social media channels. This can include building social media segments around key behavioural and transactional characteristics • Correcting last click misattribution – helping you to understand what is driving your last click performance and accurately attributing the effect of marketing spend across the customer journey • Click Path Analysis – just where did your traffic and revenue come from? Can that insight inform where you prioritise investment across the path to purchase | 9 INCREASING YOUR DIGITAL EFFECTIVENESS
  • 10. RECENT PROJECTS Client Project type UK Charity Modelling effectiveness of media channels Comparing modelled results to current internal reporting via drop down menus Establishing true contribution of TV advertising National retail brand Retail planning: identifying retail supply and demand patterns within big data; Measuring sales vs proximity to branches Looking at whether cross sales increase closer to branches Sports and leisure clubs Matching two separate databases, one offline and one online Identifying conversion rates by reported channel Measuring time to convert by channel and by month International business publication Building a tracking forecasting model which allows The Economist to predict how TV investment is affecting their multiple platforms (digital, email, social etc) SaaS provider Modelling the effect of TV investment on search traffic Measuring effect of advertising on category growth Travel company Modelling the effect of TV investment on enquiries, bookings and revenue Looking at the impact of TV on new and repeat bookings and different product types | 10
  • 11. Contact: Simon Foster simon@mus3.co.uk 30 Gresse St London W1T 1QR 020 7307 6100 www.mus3.co.uk