SlideShare a Scribd company logo
11:00 – 11:45am PST 12:30 – 1:15pm PST
Today’s Timeline
11:45am – 12:30pm PST
Unlock Your Brand’s Maximum Potential with
Data Analytics
TINUITI & TABLEAU
PRESENTS:
How To Unify Data with
Bespoke Dashboards for True
Insights
1:15pm – 2:00pm PST
TINUITI & DATAROBOT
PRESENTS:
Leveraging Media Mix Modeling
to Drive Performance Marketing
Results
TINUITI & OBSERVEPOINT
PRESENTS:
Build a Foundation for Data
Integrity with Analytics Auditing
TINUITI & SNOWFLAKE
PRESENTS:
Actionable Steps to Increase
CLV Across Your Integrated
Media Strategy
1
July, 2020
Actionable Steps to Increase CLV Across
Your Integrated Media Strategy
Unlock Your Brand’s Maximum Potential with Data Analytics
2
● Session recording and slides will be sent out
● Log back in anytime with the same link
● Resources available as handouts
Eyebrow Text
Today’s Logistics
Persephanie Arellano
Webinar Coordinator
3
Today’s Speakers
Annica Nesty
Senior Director of Analytics &
Marketing Science
Ganesh Subramanian
Director of Product Marketing
4
5
1. What is Customer Lifetime Value (CLV)
2. The Data and Tech You Need to Drive CLV
3. Real-World Stories from Tinuiti
4. Case Study: How Rue La La Increased CLV
Agenda
Poll Question
How would you characterize the use of
CLV in your organization?
● We don’t have a definition of CLV
● We’re looking into different ways to measure and increase CLV
● We leverage CLV, but unsure if the data is accurate/clean
● Confident with the data and measurement of our CLV model
6
The key questions are:
1. Which 20%?
2. How will you identify and engage
them, to grow your business?
Why is CLV important?
Gartner says, 80% of a company's future profits come from ~20% of its existing
customers.
7
8
How to Improve CLV
9
Things We Hear from Clients:
● Are we spending too much to acquire customers?
● How can we acquire more loyal, high-frequency customers?
● Which channels engage our highest value customers?
What We Offer:
An analysis (deliverable of a research deck) of a brand’s CLV and how it can
impact marketing efforts
Why is This Important?
Knowing your average customer lifetime value and the inputs that impact it is
officially table stakes in today’s digital marketing landscape. Customer
acquisition costs (CAC) and lifetime values (CLV/CLV) informs all media and
growth investments so your marketing dollars go farthest.
Solution: Customer Lifetime Value
Customer/
Prospect ID
B-Type CAC CLV
1 Small $1500 $500
2 Large $980 $15,459
3 Medium $3000 $1,789
4 Large $298 $22,452
5 Medium $678 $6,467
Sample Output
Incorporating Customer Lifetime Value in Marketing Strategy
Steps to Increase/Improve CLV
Measure & Monitor
CLV
Identify value
segments
Deliver targeted
and personalized
marketing content
Increase sales per
order
Increase sales over
time
Reduce marketing
cost
10
11
Customer Lifetime Value (CLV) Overview
Customer Lifetime Value is a monetary value that represents the amount of revenue or profit a customer will
give a company over the period of the relationship
How to identify the most profitable customers?
How to segment profitable customers?
How much to spend to acquire customers?
Optimization &
Simulation across
scenarios
Develop, train
and test models
Collect, explore and
analyze data historical
transaction behavior and
trends, promotional activity,
seasonality, and other
external factors such as
economic conditions and
weather patterns etc..
Define objectives and
plan
CLV
$
12
CLV Business Impact
34% of the marketers they surveyed were “completely aware of the term CLV and its connotations.”
24% of respondents felt their company was monitoring CLV effectively.
Source: The State of Customer Lifetime Value Report, Criteo
We are happy to know you, and happy to grow you.
Increase Demand
Generation
Estimate prospective clients CLV and strategically
improve targeting to increase the conversion of high
value leads
Improve Marketing
Optimization
Measure the impact of marketing on demand across
channels and by campaign. Optimize conversion cycle by
determining the loss in value across each stage.
Actionable
Consumer Insights
Know the value of your customers and their churn risk,
create value segments, understand their profile and CLV
across channels
Reduce
Marketing Cost
Determine the amount of money that can be spent on
acquiring and retaining a customer
13
Know The Value of Your Customers
Future CLVHistorical CLV
Time
Value ($)
Customers CLV
1 2
Prospects CLV3
14
Historical CLV Estimation Approach
Active
$100$75
Customer Lifetime Value
Total Margin
Customer
Tenure
Acquisition
CostX -
15
Future CLV Overview
Price
FutureHistorical
Churn Risk
Weather
Macroeconomic
Conditions (ex: CPI,
COVID -19)
Historical
Transaction Behavior
Promotions Products
16
Data Requirements
Transaction Activity
Channel Level Interactions
Customer Tenure
Revenue
Margin
Purchase Frequency
Churn Risk
Campaign Level Interactions
Product Purchase details
Conversion Journey
Demographics
Age
Income
Home Value
Lifestyle
Psychographics
Geographics
17
The Data and Tech You Need to Drive CLV
18
Martech Explosion is Creating Fragmented Data
19
Fragmented Data Leads to Conflicts Across IT and Marketing
“It’s painful tuning and
maintaining legacy systems
(e.g., indexes, stats, rollups).”
“It’s just a change field... oh,
and this rule logic is no longer
relevant.”
20
Fragmented Data Leads to Conflicts Across IT and Marketing
“Why is it so hard to include just
one more data source?”
“Modeling structured and
semi-structured data is really
tough, especially in 1 system.”
21
Fragmented Data Leads to Conflicts Across IT and Marketing
“We’re adding rich, streaming
data so I’ll need more capacity
and power soon!”
“Resizing the warehouse will
take days... we’re pausing some
processes to maintain
performance.”
22
Fragmented Data is Holding Marketing Teams Back
Unable to measure ROI
across customer touch
points and channels
Unable to enrich customer
profiles for targeting and
deep segmentation
Unable to optimize timing
and personalization of
customer engagement
23
Break Down Customer Data Silos
INTEGRATE
SOURCES
STORE
CENTRALLY
ENABLE
SHARING
1 2 3
© 2020 Snowflake Inc. All Rights Reserved
Snowflake Technology Partner Ecosystem 1
24
© 2020 Snowflake Inc. All Rights Reserved 25
Data Integration Considerations
1
COVERAGE
SIMPLICITY
SPEED
Has pre-built connectors to all of your marketing data
Ability to add new sources with clicks, not custom code
Pre-approved vendors to decrease time to value
© 2020 Snowflake Inc. All Rights Reserved 26
Snowflake Data Marketplace
1
Live, ready-to-query data;
no copying or moving
Only data marketplace
with personalized data
Globally available, across
clouds
Don't move data. Access real-time data where it already lives.
© 2020 Snowflake Inc. All Rights Reserved 27
Power Customer 360° With Data Cloud
2
One Platform for
all Customer Data
Many
Workloads
Scale and
Performance
Internal and external data
Semi-structured data
High-volume data
Flexible schema
Scale up and down
Concurrency
Automatic optimizations
Business Intelligence
Ad hoc analysis
Data science
Personalization
Data integration and sharing
© 2020 Snowflake Inc. All Rights Reserved 28
Traditional Ways of Sharing Data
2
Traditional Methods
Copy and move data
Costly to maintain
Data is delayed
Error-prone
Unsecure, once data is moved
● Copying files in FTP/ cloud buckets
● Building, Maintaining & Calling APIs
● ETL pipelines
● Data marts
Gaps
3
© 2020 Snowflake Inc. All Rights Reserved 29
A Better Way to Share Data
2 3
Single live, copy of the data
Secure Data Sharing
No moving, no copying
Live data, no delays
Share personalized, secure views
Governed, revocable access
Globally available, cross-cloud
Differentiators
30
Real-World Stories from Media
Tinuiti Analytics & Marketing Science
31
CLV Case Study
Key Questions:
● What are the value segments that exist within the
customer bases?
● What are the characteristics of high value
customers?
● How much should I invest to retain or win back
my customers?
● What marketing channels are most effective to
reach each value segment?
Background:
Our client was in the process of optimizing their marketing
program. They wanted to better understand the
transaction behavior or profiles of their customers to plan
and create strategy that will be used to increase customer
engagement and reduce retention. Our client turned to
Tinuiti to measure and define value segments across their
base.
Client: Omni-channel (ecommerce and retail) fashion brand
Tinuiti Analytics & Marketing Science
32
CLV Case Study
Client: Omni-channel (ecommerce and retail) fashion brand
Strategy:
For Tinuiti to design a solution that answers the client
business questions, we began a data collection process
of the last 12 months of historical transaction level data
from their CRM and POS systems into our Mobius
platform.
We explored the typical purchasing journey across
customers. This included evaluating frequency and
recency of purchase, time between purchases, churn
rates and value over the last 12 months.
Using the machine learning to unlock the customer
insights in the data we defined a historical customer
lifetime value score for each customer and high, medium
and low value segments across the client customer base.
Typical Purchasing Journey
Tinuiti Analytics & Marketing Science
33
CLV Case Study
Results:
Using the historical CLV score and
High|Medium|Low value segments, we
were able to profile the characteristics of
buyers across media channels, product
affinity, churn likelihood, offer redemption
and media campaigns .
This was used to launch strategic plans
that re-energized their marketing
programs aimed at keeping customers
engaged and to help migrate and nurture
customers from lower value to higher
value segments. We were able to easily
track the effectiveness of these new
initiatives by monitoring the migration of
customers across the value segments
Data has been blinded
Potential
Loyalist
0.4%
High Value segments - maintain and grow
● Champions - best customers
● Loyal Customers
Medium Value Segments - that need
nurturing
● Potential Loyalist
● New Customers
● Promising
● Needs Attention
Low Value segments - Most likely to churn
● Former Loyalist - opportunity to
re-engage
● At Risk
34
How Rue La La Increased CLV
© 2020 Snowflake Inc. All Rights Reserved 35
© 2020 Snowflake Computing Inc. All Rights Reserved
● Separate silos for transaction and engagement data
● Unable to drive site traffic and conversion
● Unable to optimize inventory and improve margin
● Stale analytics due to data fragmentation
● Delays and stalls in data science due to concurrent use
● Excess time and resources spent on managing infrastructure vs. analytics
36
Fragmented Data Holding Back Growth, Margin, and CX
© 2020 Snowflake Computing Inc. All Rights Reserved
● Power personalization with visibility to
engagement and orders, across email, mobile,
app, and desktop
● Make better buying and pricing decisions with
comprehensive data on product conversion rates
● Increase analyst and engineering productivity
by reallocating time spent on managing
infrastructure to strategic activities
● Reduce costs by only paying for resources when
they are being used
Integrated Cloud Data Platform
Site Activity
Email Activity
Internal / Order Data
Streaming
Daily
Hourly
Reporting and
Analytics
Cloud Data Platform
Data Marketplace
Geolocation | Census |
Demographic | Covid19
Data Science
Real-Time
37
Integrated Data Drives Business Outcomes
© 2020 Snowflake Computing Inc. All Rights Reserved
Use Case: Identify top performing brands and engage users to increase CLV
Identified that
majority of black
friday new member
acquisition driven by
1 brand
1
Discovered that mobile
app usage of these
members is lower than
general population
2
Members with mobile app
downloads visit 3x+ more
than others
3
38
Key Takeaways
CLV is key to maintaining existing customers and
optimizing new customer acquisition programs
Integrating data is key to identifying key segments,
assessing LTV, and driving personalized engagement
Build your tech stack to remain agile. The only thing certain
these days is change
CLV determines the health of your brand relationship with
its customers
39
https://bit.ly/3fcU01m Schedule Your 1:1
Strategy Evaluation
40
Schedule an analytics consultation
Live Q&A
Annica Nesty
Senior Director of Analytics &
Marketing Science
Ganesh Subramanian
Director of Product Marketing
42
THANK YOU!
43

More Related Content

What's hot

What’s Next in Walmart’s Omnichannel Evolution
What’s Next in Walmart’s Omnichannel Evolution What’s Next in Walmart’s Omnichannel Evolution
What’s Next in Walmart’s Omnichannel Evolution
Tinuiti
 
A Wise Approach to Automated Bidding
A Wise Approach to Automated Bidding A Wise Approach to Automated Bidding
A Wise Approach to Automated Bidding
Tinuiti
 
Amazon Operations Q4 Prep in the Light of COVID-19 & Delayed Prime Day
Amazon Operations Q4 Prep in the Light of COVID-19 & Delayed Prime DayAmazon Operations Q4 Prep in the Light of COVID-19 & Delayed Prime Day
Amazon Operations Q4 Prep in the Light of COVID-19 & Delayed Prime Day
Tinuiti
 
Beyond Amazon: Why Retail Media Must Be in Your 2021 Plan
Beyond Amazon: Why Retail Media Must Be in Your 2021 PlanBeyond Amazon: Why Retail Media Must Be in Your 2021 Plan
Beyond Amazon: Why Retail Media Must Be in Your 2021 Plan
Tinuiti
 
Mobile-First Marketing: Motivating Conversions Across Channels and Devices (S...
Mobile-First Marketing: Motivating Conversions Across Channels and Devices (S...Mobile-First Marketing: Motivating Conversions Across Channels and Devices (S...
Mobile-First Marketing: Motivating Conversions Across Channels and Devices (S...
Tinuiti
 
Using Reviews and Loyalty Programs to Boost Conversions
Using Reviews and Loyalty Programs to Boost ConversionsUsing Reviews and Loyalty Programs to Boost Conversions
Using Reviews and Loyalty Programs to Boost Conversions
Tinuiti
 
Amazon Sponsored Products & Brands Workshop
Amazon Sponsored Products & Brands WorkshopAmazon Sponsored Products & Brands Workshop
Amazon Sponsored Products & Brands Workshop
Tinuiti
 
COVID-19 Series: From Reaction to Rebound
COVID-19 Series: From Reaction to ReboundCOVID-19 Series: From Reaction to Rebound
COVID-19 Series: From Reaction to Rebound
Tinuiti
 
OTT & Video Advertising Playbook
OTT & Video Advertising PlaybookOTT & Video Advertising Playbook
OTT & Video Advertising Playbook
Tinuiti
 
Black Friday and Cyber Monday eCommerce Predictions
Black Friday and Cyber Monday eCommerce PredictionsBlack Friday and Cyber Monday eCommerce Predictions
Black Friday and Cyber Monday eCommerce Predictions
Tinuiti
 
Advanced Amazon Channel Strategy: Insider Tips from ex-Amazonians
Advanced Amazon Channel Strategy: Insider Tips from ex-AmazoniansAdvanced Amazon Channel Strategy: Insider Tips from ex-Amazonians
Advanced Amazon Channel Strategy: Insider Tips from ex-Amazonians
Tinuiti
 
The Emergence of Retail Media
The Emergence of Retail MediaThe Emergence of Retail Media
The Emergence of Retail Media
Tinuiti
 
A Performance Marketer’s Approach to OTT (Over-The-Top) Using Connected TV in...
A Performance Marketer’s Approach to OTT (Over-The-Top) Using Connected TV in...A Performance Marketer’s Approach to OTT (Over-The-Top) Using Connected TV in...
A Performance Marketer’s Approach to OTT (Over-The-Top) Using Connected TV in...
Tinuiti
 
Score the 2-Day Delivery Badge & All that Comes with It: Improve Search Rank,...
Score the 2-Day Delivery Badge & All that Comes with It: Improve Search Rank,...Score the 2-Day Delivery Badge & All that Comes with It: Improve Search Rank,...
Score the 2-Day Delivery Badge & All that Comes with It: Improve Search Rank,...
Tinuiti
 
Leverage Real-Time Purchase Intent to Boost Sales & Customer Growth
Leverage Real-Time Purchase Intent to Boost Sales & Customer GrowthLeverage Real-Time Purchase Intent to Boost Sales & Customer Growth
Leverage Real-Time Purchase Intent to Boost Sales & Customer Growth
Tinuiti
 
5 Steps on Your Path to Amazon Vendor Operational Fitness
5 Steps on Your Path to Amazon Vendor Operational Fitness5 Steps on Your Path to Amazon Vendor Operational Fitness
5 Steps on Your Path to Amazon Vendor Operational Fitness
Tinuiti
 
Keep & Grow Your Holiday Customers
Keep & Grow Your Holiday CustomersKeep & Grow Your Holiday Customers
Keep & Grow Your Holiday Customers
Tinuiti
 
A WISE Segmentation Approach to Google Smart Shopping Ads
A WISE Segmentation Approach to Google Smart Shopping AdsA WISE Segmentation Approach to Google Smart Shopping Ads
A WISE Segmentation Approach to Google Smart Shopping Ads
Tinuiti
 
Unlocking Amazon Brand Analytics
Unlocking Amazon Brand AnalyticsUnlocking Amazon Brand Analytics
Unlocking Amazon Brand Analytics
Tinuiti
 
Tinuiti | Leveraging Amazon DSP Data for a Profitable Customer Acquisition St...
Tinuiti | Leveraging Amazon DSP Data for a Profitable Customer Acquisition St...Tinuiti | Leveraging Amazon DSP Data for a Profitable Customer Acquisition St...
Tinuiti | Leveraging Amazon DSP Data for a Profitable Customer Acquisition St...
Tinuiti
 

What's hot (20)

What’s Next in Walmart’s Omnichannel Evolution
What’s Next in Walmart’s Omnichannel Evolution What’s Next in Walmart’s Omnichannel Evolution
What’s Next in Walmart’s Omnichannel Evolution
 
A Wise Approach to Automated Bidding
A Wise Approach to Automated Bidding A Wise Approach to Automated Bidding
A Wise Approach to Automated Bidding
 
Amazon Operations Q4 Prep in the Light of COVID-19 & Delayed Prime Day
Amazon Operations Q4 Prep in the Light of COVID-19 & Delayed Prime DayAmazon Operations Q4 Prep in the Light of COVID-19 & Delayed Prime Day
Amazon Operations Q4 Prep in the Light of COVID-19 & Delayed Prime Day
 
Beyond Amazon: Why Retail Media Must Be in Your 2021 Plan
Beyond Amazon: Why Retail Media Must Be in Your 2021 PlanBeyond Amazon: Why Retail Media Must Be in Your 2021 Plan
Beyond Amazon: Why Retail Media Must Be in Your 2021 Plan
 
Mobile-First Marketing: Motivating Conversions Across Channels and Devices (S...
Mobile-First Marketing: Motivating Conversions Across Channels and Devices (S...Mobile-First Marketing: Motivating Conversions Across Channels and Devices (S...
Mobile-First Marketing: Motivating Conversions Across Channels and Devices (S...
 
Using Reviews and Loyalty Programs to Boost Conversions
Using Reviews and Loyalty Programs to Boost ConversionsUsing Reviews and Loyalty Programs to Boost Conversions
Using Reviews and Loyalty Programs to Boost Conversions
 
Amazon Sponsored Products & Brands Workshop
Amazon Sponsored Products & Brands WorkshopAmazon Sponsored Products & Brands Workshop
Amazon Sponsored Products & Brands Workshop
 
COVID-19 Series: From Reaction to Rebound
COVID-19 Series: From Reaction to ReboundCOVID-19 Series: From Reaction to Rebound
COVID-19 Series: From Reaction to Rebound
 
OTT & Video Advertising Playbook
OTT & Video Advertising PlaybookOTT & Video Advertising Playbook
OTT & Video Advertising Playbook
 
Black Friday and Cyber Monday eCommerce Predictions
Black Friday and Cyber Monday eCommerce PredictionsBlack Friday and Cyber Monday eCommerce Predictions
Black Friday and Cyber Monday eCommerce Predictions
 
Advanced Amazon Channel Strategy: Insider Tips from ex-Amazonians
Advanced Amazon Channel Strategy: Insider Tips from ex-AmazoniansAdvanced Amazon Channel Strategy: Insider Tips from ex-Amazonians
Advanced Amazon Channel Strategy: Insider Tips from ex-Amazonians
 
The Emergence of Retail Media
The Emergence of Retail MediaThe Emergence of Retail Media
The Emergence of Retail Media
 
A Performance Marketer’s Approach to OTT (Over-The-Top) Using Connected TV in...
A Performance Marketer’s Approach to OTT (Over-The-Top) Using Connected TV in...A Performance Marketer’s Approach to OTT (Over-The-Top) Using Connected TV in...
A Performance Marketer’s Approach to OTT (Over-The-Top) Using Connected TV in...
 
Score the 2-Day Delivery Badge & All that Comes with It: Improve Search Rank,...
Score the 2-Day Delivery Badge & All that Comes with It: Improve Search Rank,...Score the 2-Day Delivery Badge & All that Comes with It: Improve Search Rank,...
Score the 2-Day Delivery Badge & All that Comes with It: Improve Search Rank,...
 
Leverage Real-Time Purchase Intent to Boost Sales & Customer Growth
Leverage Real-Time Purchase Intent to Boost Sales & Customer GrowthLeverage Real-Time Purchase Intent to Boost Sales & Customer Growth
Leverage Real-Time Purchase Intent to Boost Sales & Customer Growth
 
5 Steps on Your Path to Amazon Vendor Operational Fitness
5 Steps on Your Path to Amazon Vendor Operational Fitness5 Steps on Your Path to Amazon Vendor Operational Fitness
5 Steps on Your Path to Amazon Vendor Operational Fitness
 
Keep & Grow Your Holiday Customers
Keep & Grow Your Holiday CustomersKeep & Grow Your Holiday Customers
Keep & Grow Your Holiday Customers
 
A WISE Segmentation Approach to Google Smart Shopping Ads
A WISE Segmentation Approach to Google Smart Shopping AdsA WISE Segmentation Approach to Google Smart Shopping Ads
A WISE Segmentation Approach to Google Smart Shopping Ads
 
Unlocking Amazon Brand Analytics
Unlocking Amazon Brand AnalyticsUnlocking Amazon Brand Analytics
Unlocking Amazon Brand Analytics
 
Tinuiti | Leveraging Amazon DSP Data for a Profitable Customer Acquisition St...
Tinuiti | Leveraging Amazon DSP Data for a Profitable Customer Acquisition St...Tinuiti | Leveraging Amazon DSP Data for a Profitable Customer Acquisition St...
Tinuiti | Leveraging Amazon DSP Data for a Profitable Customer Acquisition St...
 

Similar to Actionable Steps to Increase CLV Across Your Integrated Media Strategy

Dataiku tatvic webinar presentation
Dataiku tatvic webinar presentationDataiku tatvic webinar presentation
Dataiku tatvic webinar presentation
Tatvic Analytics
 
Maximizing Q4 Impact: Retail Media Synergy
Maximizing Q4 Impact: Retail Media SynergyMaximizing Q4 Impact: Retail Media Synergy
Maximizing Q4 Impact: Retail Media Synergy
Tinuiti
 
Best Buy
Best BuyBest Buy
Best Buy
mubarak2009
 
OptimaHub SingleView Presentation Deck
OptimaHub SingleView Presentation DeckOptimaHub SingleView Presentation Deck
OptimaHub SingleView Presentation Deck
Datalicious
 
Who is 1010data?
Who is 1010data?Who is 1010data?
Who is 1010data?
Oliver Madden
 
Holistic View of Consumer Data Across an Integrated Media Strategy to Accurat...
Holistic View of Consumer Data Across an Integrated Media Strategy to Accurat...Holistic View of Consumer Data Across an Integrated Media Strategy to Accurat...
Holistic View of Consumer Data Across an Integrated Media Strategy to Accurat...
Tinuiti
 
Future of Tracking: Transforming how we do it not what we do
Future of Tracking: Transforming how we do it not what we doFuture of Tracking: Transforming how we do it not what we do
Future of Tracking: Transforming how we do it not what we do
Kantar
 
Developing a customer data platform
Developing a customer data platformDeveloping a customer data platform
Developing a customer data platform
Tredence Inc
 
CDP for Retail Webinar with Appnovation - Q2 2022.pdf
CDP for Retail Webinar with Appnovation - Q2 2022.pdfCDP for Retail Webinar with Appnovation - Q2 2022.pdf
CDP for Retail Webinar with Appnovation - Q2 2022.pdf
Acquia
 
Digital Revenue Engine: Campaigns + Content = Revenue
Digital Revenue Engine: Campaigns + Content = RevenueDigital Revenue Engine: Campaigns + Content = Revenue
Digital Revenue Engine: Campaigns + Content = Revenue
edynamic
 
Rethinking Marketing: New Roles, Responsibilities and Reports
Rethinking Marketing: New Roles, Responsibilities and ReportsRethinking Marketing: New Roles, Responsibilities and Reports
Rethinking Marketing: New Roles, Responsibilities and Reports
G3 Communications
 
Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...
Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...
Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...
Antony Adelaar
 
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...
JK Tech
 
Operationalizing Customer Analytics with Azure and Power BI
Operationalizing Customer Analytics with Azure and Power BIOperationalizing Customer Analytics with Azure and Power BI
Operationalizing Customer Analytics with Azure and Power BI
CCG
 
Drive Business Results with MediaMath Retail
Drive Business Results with MediaMath RetailDrive Business Results with MediaMath Retail
Drive Business Results with MediaMath Retail
MediaMath
 
Tight Budget? How to Get the Most from your Media Planning Dollars
Tight Budget? How to Get the Most from your Media Planning DollarsTight Budget? How to Get the Most from your Media Planning Dollars
Tight Budget? How to Get the Most from your Media Planning Dollars
Tinuiti
 
Qlik - Unlocking the Power of Big Data Analytics
Qlik - Unlocking the Power of Big Data AnalyticsQlik - Unlocking the Power of Big Data Analytics
Qlik - Unlocking the Power of Big Data Analytics
BigDataExpo
 
LSE Online Marketing 100215
LSE Online Marketing 100215LSE Online Marketing 100215
LSE Online Marketing 100215
Louis Fernandes
 
CDP Master Class - Jakub Otrząsek, Media.Monks
CDP Master Class - Jakub Otrząsek, Media.MonksCDP Master Class - Jakub Otrząsek, Media.Monks
The Most Important KPIs to Really Drive Your Lifecycle Program
The Most Important KPIs to Really Drive Your Lifecycle ProgramThe Most Important KPIs to Really Drive Your Lifecycle Program
The Most Important KPIs to Really Drive Your Lifecycle Program
Tinuiti
 

Similar to Actionable Steps to Increase CLV Across Your Integrated Media Strategy (20)

Dataiku tatvic webinar presentation
Dataiku tatvic webinar presentationDataiku tatvic webinar presentation
Dataiku tatvic webinar presentation
 
Maximizing Q4 Impact: Retail Media Synergy
Maximizing Q4 Impact: Retail Media SynergyMaximizing Q4 Impact: Retail Media Synergy
Maximizing Q4 Impact: Retail Media Synergy
 
Best Buy
Best BuyBest Buy
Best Buy
 
OptimaHub SingleView Presentation Deck
OptimaHub SingleView Presentation DeckOptimaHub SingleView Presentation Deck
OptimaHub SingleView Presentation Deck
 
Who is 1010data?
Who is 1010data?Who is 1010data?
Who is 1010data?
 
Holistic View of Consumer Data Across an Integrated Media Strategy to Accurat...
Holistic View of Consumer Data Across an Integrated Media Strategy to Accurat...Holistic View of Consumer Data Across an Integrated Media Strategy to Accurat...
Holistic View of Consumer Data Across an Integrated Media Strategy to Accurat...
 
Future of Tracking: Transforming how we do it not what we do
Future of Tracking: Transforming how we do it not what we doFuture of Tracking: Transforming how we do it not what we do
Future of Tracking: Transforming how we do it not what we do
 
Developing a customer data platform
Developing a customer data platformDeveloping a customer data platform
Developing a customer data platform
 
CDP for Retail Webinar with Appnovation - Q2 2022.pdf
CDP for Retail Webinar with Appnovation - Q2 2022.pdfCDP for Retail Webinar with Appnovation - Q2 2022.pdf
CDP for Retail Webinar with Appnovation - Q2 2022.pdf
 
Digital Revenue Engine: Campaigns + Content = Revenue
Digital Revenue Engine: Campaigns + Content = RevenueDigital Revenue Engine: Campaigns + Content = Revenue
Digital Revenue Engine: Campaigns + Content = Revenue
 
Rethinking Marketing: New Roles, Responsibilities and Reports
Rethinking Marketing: New Roles, Responsibilities and ReportsRethinking Marketing: New Roles, Responsibilities and Reports
Rethinking Marketing: New Roles, Responsibilities and Reports
 
Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...
Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...
Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...
 
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...
 
Operationalizing Customer Analytics with Azure and Power BI
Operationalizing Customer Analytics with Azure and Power BIOperationalizing Customer Analytics with Azure and Power BI
Operationalizing Customer Analytics with Azure and Power BI
 
Drive Business Results with MediaMath Retail
Drive Business Results with MediaMath RetailDrive Business Results with MediaMath Retail
Drive Business Results with MediaMath Retail
 
Tight Budget? How to Get the Most from your Media Planning Dollars
Tight Budget? How to Get the Most from your Media Planning DollarsTight Budget? How to Get the Most from your Media Planning Dollars
Tight Budget? How to Get the Most from your Media Planning Dollars
 
Qlik - Unlocking the Power of Big Data Analytics
Qlik - Unlocking the Power of Big Data AnalyticsQlik - Unlocking the Power of Big Data Analytics
Qlik - Unlocking the Power of Big Data Analytics
 
LSE Online Marketing 100215
LSE Online Marketing 100215LSE Online Marketing 100215
LSE Online Marketing 100215
 
CDP Master Class - Jakub Otrząsek, Media.Monks
CDP Master Class - Jakub Otrząsek, Media.MonksCDP Master Class - Jakub Otrząsek, Media.Monks
CDP Master Class - Jakub Otrząsek, Media.Monks
 
The Most Important KPIs to Really Drive Your Lifecycle Program
The Most Important KPIs to Really Drive Your Lifecycle ProgramThe Most Important KPIs to Really Drive Your Lifecycle Program
The Most Important KPIs to Really Drive Your Lifecycle Program
 

More from Tinuiti

The 15 Minute Breakdown: The Answer to Signal Loss
The 15 Minute Breakdown: The Answer to Signal LossThe 15 Minute Breakdown: The Answer to Signal Loss
The 15 Minute Breakdown: The Answer to Signal Loss
Tinuiti
 
An Amazon Seller’s Guide to Operational Success: Driving Traffic from Externa...
An Amazon Seller’s Guide to Operational Success: Driving Traffic from Externa...An Amazon Seller’s Guide to Operational Success: Driving Traffic from Externa...
An Amazon Seller’s Guide to Operational Success: Driving Traffic from Externa...
Tinuiti
 
How to Master Omnichannel Display and Video for Amazon
How to Master Omnichannel Display and Video for AmazonHow to Master Omnichannel Display and Video for Amazon
How to Master Omnichannel Display and Video for Amazon
Tinuiti
 
AMC and the Amazon Sphere: What You Did in 2020 Won’t Work in 2023
AMC and the Amazon Sphere: What You Did in 2020 Won’t Work in 2023AMC and the Amazon Sphere: What You Did in 2020 Won’t Work in 2023
AMC and the Amazon Sphere: What You Did in 2020 Won’t Work in 2023
Tinuiti
 
Bottom of Funnel Conversion: Search and Display Strategies to Jump-Start 2023...
Bottom of Funnel Conversion: Search and Display Strategies to Jump-Start 2023...Bottom of Funnel Conversion: Search and Display Strategies to Jump-Start 2023...
Bottom of Funnel Conversion: Search and Display Strategies to Jump-Start 2023...
Tinuiti
 
Driving Middle Funnel with Consideration: How to take Advantage of the Newest...
Driving Middle Funnel with Consideration: How to take Advantage of the Newest...Driving Middle Funnel with Consideration: How to take Advantage of the Newest...
Driving Middle Funnel with Consideration: How to take Advantage of the Newest...
Tinuiti
 
Finding The New Top of Funnel: In-Store Physical Retail Media
Finding The New Top of Funnel: In-Store Physical Retail MediaFinding The New Top of Funnel: In-Store Physical Retail Media
Finding The New Top of Funnel: In-Store Physical Retail Media
Tinuiti
 
Finding The New Top of Funnel: Riding The Third Wave
Finding The New Top of Funnel: Riding The Third WaveFinding The New Top of Funnel: Riding The Third Wave
Finding The New Top of Funnel: Riding The Third Wave
Tinuiti
 
Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1
Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1
Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1
Tinuiti
 
The 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTT
The 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTTThe 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTT
The 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTT
Tinuiti
 
5 Myths About Breaking Into the Streaming Space, Debunked
5 Myths About Breaking Into the Streaming Space, Debunked5 Myths About Breaking Into the Streaming Space, Debunked
5 Myths About Breaking Into the Streaming Space, Debunked
Tinuiti
 
Turning Shoppers Into Customers: How to Retain Your New Customers Post-Holiday
Turning Shoppers Into Customers: How to Retain Your New Customers Post-HolidayTurning Shoppers Into Customers: How to Retain Your New Customers Post-Holiday
Turning Shoppers Into Customers: How to Retain Your New Customers Post-Holiday
Tinuiti
 
The 15-Minute Breakdown - 5 Big Bets for 2023
The 15-Minute Breakdown - 5 Big Bets for 2023The 15-Minute Breakdown - 5 Big Bets for 2023
The 15-Minute Breakdown - 5 Big Bets for 2023
Tinuiti
 
2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...
2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...
2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...
Tinuiti
 
2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...
2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...
2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...
Tinuiti
 
2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...
2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...
2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...
Tinuiti
 
2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...
2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...
2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...
Tinuiti
 
2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...
2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...
2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...
Tinuiti
 
2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?
2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?
2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?
Tinuiti
 
(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...
(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...
(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...
Tinuiti
 

More from Tinuiti (20)

The 15 Minute Breakdown: The Answer to Signal Loss
The 15 Minute Breakdown: The Answer to Signal LossThe 15 Minute Breakdown: The Answer to Signal Loss
The 15 Minute Breakdown: The Answer to Signal Loss
 
An Amazon Seller’s Guide to Operational Success: Driving Traffic from Externa...
An Amazon Seller’s Guide to Operational Success: Driving Traffic from Externa...An Amazon Seller’s Guide to Operational Success: Driving Traffic from Externa...
An Amazon Seller’s Guide to Operational Success: Driving Traffic from Externa...
 
How to Master Omnichannel Display and Video for Amazon
How to Master Omnichannel Display and Video for AmazonHow to Master Omnichannel Display and Video for Amazon
How to Master Omnichannel Display and Video for Amazon
 
AMC and the Amazon Sphere: What You Did in 2020 Won’t Work in 2023
AMC and the Amazon Sphere: What You Did in 2020 Won’t Work in 2023AMC and the Amazon Sphere: What You Did in 2020 Won’t Work in 2023
AMC and the Amazon Sphere: What You Did in 2020 Won’t Work in 2023
 
Bottom of Funnel Conversion: Search and Display Strategies to Jump-Start 2023...
Bottom of Funnel Conversion: Search and Display Strategies to Jump-Start 2023...Bottom of Funnel Conversion: Search and Display Strategies to Jump-Start 2023...
Bottom of Funnel Conversion: Search and Display Strategies to Jump-Start 2023...
 
Driving Middle Funnel with Consideration: How to take Advantage of the Newest...
Driving Middle Funnel with Consideration: How to take Advantage of the Newest...Driving Middle Funnel with Consideration: How to take Advantage of the Newest...
Driving Middle Funnel with Consideration: How to take Advantage of the Newest...
 
Finding The New Top of Funnel: In-Store Physical Retail Media
Finding The New Top of Funnel: In-Store Physical Retail MediaFinding The New Top of Funnel: In-Store Physical Retail Media
Finding The New Top of Funnel: In-Store Physical Retail Media
 
Finding The New Top of Funnel: Riding The Third Wave
Finding The New Top of Funnel: Riding The Third WaveFinding The New Top of Funnel: Riding The Third Wave
Finding The New Top of Funnel: Riding The Third Wave
 
Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1
Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1
Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1
 
The 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTT
The 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTTThe 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTT
The 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTT
 
5 Myths About Breaking Into the Streaming Space, Debunked
5 Myths About Breaking Into the Streaming Space, Debunked5 Myths About Breaking Into the Streaming Space, Debunked
5 Myths About Breaking Into the Streaming Space, Debunked
 
Turning Shoppers Into Customers: How to Retain Your New Customers Post-Holiday
Turning Shoppers Into Customers: How to Retain Your New Customers Post-HolidayTurning Shoppers Into Customers: How to Retain Your New Customers Post-Holiday
Turning Shoppers Into Customers: How to Retain Your New Customers Post-Holiday
 
The 15-Minute Breakdown - 5 Big Bets for 2023
The 15-Minute Breakdown - 5 Big Bets for 2023The 15-Minute Breakdown - 5 Big Bets for 2023
The 15-Minute Breakdown - 5 Big Bets for 2023
 
2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...
2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...
2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...
 
2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...
2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...
2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...
 
2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...
2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...
2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...
 
2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...
2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...
2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...
 
2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...
2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...
2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...
 
2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?
2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?
2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?
 
(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...
(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...
(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...
 

Actionable Steps to Increase CLV Across Your Integrated Media Strategy

  • 1. 11:00 – 11:45am PST 12:30 – 1:15pm PST Today’s Timeline 11:45am – 12:30pm PST Unlock Your Brand’s Maximum Potential with Data Analytics TINUITI & TABLEAU PRESENTS: How To Unify Data with Bespoke Dashboards for True Insights 1:15pm – 2:00pm PST TINUITI & DATAROBOT PRESENTS: Leveraging Media Mix Modeling to Drive Performance Marketing Results TINUITI & OBSERVEPOINT PRESENTS: Build a Foundation for Data Integrity with Analytics Auditing TINUITI & SNOWFLAKE PRESENTS: Actionable Steps to Increase CLV Across Your Integrated Media Strategy 1
  • 2. July, 2020 Actionable Steps to Increase CLV Across Your Integrated Media Strategy Unlock Your Brand’s Maximum Potential with Data Analytics 2
  • 3. ● Session recording and slides will be sent out ● Log back in anytime with the same link ● Resources available as handouts Eyebrow Text Today’s Logistics Persephanie Arellano Webinar Coordinator 3
  • 4. Today’s Speakers Annica Nesty Senior Director of Analytics & Marketing Science Ganesh Subramanian Director of Product Marketing 4
  • 5. 5 1. What is Customer Lifetime Value (CLV) 2. The Data and Tech You Need to Drive CLV 3. Real-World Stories from Tinuiti 4. Case Study: How Rue La La Increased CLV Agenda
  • 6. Poll Question How would you characterize the use of CLV in your organization? ● We don’t have a definition of CLV ● We’re looking into different ways to measure and increase CLV ● We leverage CLV, but unsure if the data is accurate/clean ● Confident with the data and measurement of our CLV model 6
  • 7. The key questions are: 1. Which 20%? 2. How will you identify and engage them, to grow your business? Why is CLV important? Gartner says, 80% of a company's future profits come from ~20% of its existing customers. 7
  • 9. 9 Things We Hear from Clients: ● Are we spending too much to acquire customers? ● How can we acquire more loyal, high-frequency customers? ● Which channels engage our highest value customers? What We Offer: An analysis (deliverable of a research deck) of a brand’s CLV and how it can impact marketing efforts Why is This Important? Knowing your average customer lifetime value and the inputs that impact it is officially table stakes in today’s digital marketing landscape. Customer acquisition costs (CAC) and lifetime values (CLV/CLV) informs all media and growth investments so your marketing dollars go farthest. Solution: Customer Lifetime Value Customer/ Prospect ID B-Type CAC CLV 1 Small $1500 $500 2 Large $980 $15,459 3 Medium $3000 $1,789 4 Large $298 $22,452 5 Medium $678 $6,467 Sample Output Incorporating Customer Lifetime Value in Marketing Strategy
  • 10. Steps to Increase/Improve CLV Measure & Monitor CLV Identify value segments Deliver targeted and personalized marketing content Increase sales per order Increase sales over time Reduce marketing cost 10
  • 11. 11 Customer Lifetime Value (CLV) Overview Customer Lifetime Value is a monetary value that represents the amount of revenue or profit a customer will give a company over the period of the relationship How to identify the most profitable customers? How to segment profitable customers? How much to spend to acquire customers? Optimization & Simulation across scenarios Develop, train and test models Collect, explore and analyze data historical transaction behavior and trends, promotional activity, seasonality, and other external factors such as economic conditions and weather patterns etc.. Define objectives and plan CLV $
  • 12. 12 CLV Business Impact 34% of the marketers they surveyed were “completely aware of the term CLV and its connotations.” 24% of respondents felt their company was monitoring CLV effectively. Source: The State of Customer Lifetime Value Report, Criteo We are happy to know you, and happy to grow you. Increase Demand Generation Estimate prospective clients CLV and strategically improve targeting to increase the conversion of high value leads Improve Marketing Optimization Measure the impact of marketing on demand across channels and by campaign. Optimize conversion cycle by determining the loss in value across each stage. Actionable Consumer Insights Know the value of your customers and their churn risk, create value segments, understand their profile and CLV across channels Reduce Marketing Cost Determine the amount of money that can be spent on acquiring and retaining a customer
  • 13. 13 Know The Value of Your Customers Future CLVHistorical CLV Time Value ($) Customers CLV 1 2 Prospects CLV3
  • 14. 14 Historical CLV Estimation Approach Active $100$75 Customer Lifetime Value Total Margin Customer Tenure Acquisition CostX -
  • 15. 15 Future CLV Overview Price FutureHistorical Churn Risk Weather Macroeconomic Conditions (ex: CPI, COVID -19) Historical Transaction Behavior Promotions Products
  • 16. 16 Data Requirements Transaction Activity Channel Level Interactions Customer Tenure Revenue Margin Purchase Frequency Churn Risk Campaign Level Interactions Product Purchase details Conversion Journey Demographics Age Income Home Value Lifestyle Psychographics Geographics
  • 17. 17 The Data and Tech You Need to Drive CLV
  • 18. 18 Martech Explosion is Creating Fragmented Data
  • 19. 19 Fragmented Data Leads to Conflicts Across IT and Marketing “It’s painful tuning and maintaining legacy systems (e.g., indexes, stats, rollups).” “It’s just a change field... oh, and this rule logic is no longer relevant.”
  • 20. 20 Fragmented Data Leads to Conflicts Across IT and Marketing “Why is it so hard to include just one more data source?” “Modeling structured and semi-structured data is really tough, especially in 1 system.”
  • 21. 21 Fragmented Data Leads to Conflicts Across IT and Marketing “We’re adding rich, streaming data so I’ll need more capacity and power soon!” “Resizing the warehouse will take days... we’re pausing some processes to maintain performance.”
  • 22. 22 Fragmented Data is Holding Marketing Teams Back Unable to measure ROI across customer touch points and channels Unable to enrich customer profiles for targeting and deep segmentation Unable to optimize timing and personalization of customer engagement
  • 23. 23 Break Down Customer Data Silos INTEGRATE SOURCES STORE CENTRALLY ENABLE SHARING 1 2 3
  • 24. © 2020 Snowflake Inc. All Rights Reserved Snowflake Technology Partner Ecosystem 1 24
  • 25. © 2020 Snowflake Inc. All Rights Reserved 25 Data Integration Considerations 1 COVERAGE SIMPLICITY SPEED Has pre-built connectors to all of your marketing data Ability to add new sources with clicks, not custom code Pre-approved vendors to decrease time to value
  • 26. © 2020 Snowflake Inc. All Rights Reserved 26 Snowflake Data Marketplace 1 Live, ready-to-query data; no copying or moving Only data marketplace with personalized data Globally available, across clouds Don't move data. Access real-time data where it already lives.
  • 27. © 2020 Snowflake Inc. All Rights Reserved 27 Power Customer 360° With Data Cloud 2 One Platform for all Customer Data Many Workloads Scale and Performance Internal and external data Semi-structured data High-volume data Flexible schema Scale up and down Concurrency Automatic optimizations Business Intelligence Ad hoc analysis Data science Personalization Data integration and sharing
  • 28. © 2020 Snowflake Inc. All Rights Reserved 28 Traditional Ways of Sharing Data 2 Traditional Methods Copy and move data Costly to maintain Data is delayed Error-prone Unsecure, once data is moved ● Copying files in FTP/ cloud buckets ● Building, Maintaining & Calling APIs ● ETL pipelines ● Data marts Gaps 3
  • 29. © 2020 Snowflake Inc. All Rights Reserved 29 A Better Way to Share Data 2 3 Single live, copy of the data Secure Data Sharing No moving, no copying Live data, no delays Share personalized, secure views Governed, revocable access Globally available, cross-cloud Differentiators
  • 31. Tinuiti Analytics & Marketing Science 31 CLV Case Study Key Questions: ● What are the value segments that exist within the customer bases? ● What are the characteristics of high value customers? ● How much should I invest to retain or win back my customers? ● What marketing channels are most effective to reach each value segment? Background: Our client was in the process of optimizing their marketing program. They wanted to better understand the transaction behavior or profiles of their customers to plan and create strategy that will be used to increase customer engagement and reduce retention. Our client turned to Tinuiti to measure and define value segments across their base. Client: Omni-channel (ecommerce and retail) fashion brand
  • 32. Tinuiti Analytics & Marketing Science 32 CLV Case Study Client: Omni-channel (ecommerce and retail) fashion brand Strategy: For Tinuiti to design a solution that answers the client business questions, we began a data collection process of the last 12 months of historical transaction level data from their CRM and POS systems into our Mobius platform. We explored the typical purchasing journey across customers. This included evaluating frequency and recency of purchase, time between purchases, churn rates and value over the last 12 months. Using the machine learning to unlock the customer insights in the data we defined a historical customer lifetime value score for each customer and high, medium and low value segments across the client customer base. Typical Purchasing Journey
  • 33. Tinuiti Analytics & Marketing Science 33 CLV Case Study Results: Using the historical CLV score and High|Medium|Low value segments, we were able to profile the characteristics of buyers across media channels, product affinity, churn likelihood, offer redemption and media campaigns . This was used to launch strategic plans that re-energized their marketing programs aimed at keeping customers engaged and to help migrate and nurture customers from lower value to higher value segments. We were able to easily track the effectiveness of these new initiatives by monitoring the migration of customers across the value segments Data has been blinded Potential Loyalist 0.4% High Value segments - maintain and grow ● Champions - best customers ● Loyal Customers Medium Value Segments - that need nurturing ● Potential Loyalist ● New Customers ● Promising ● Needs Attention Low Value segments - Most likely to churn ● Former Loyalist - opportunity to re-engage ● At Risk
  • 34. 34 How Rue La La Increased CLV
  • 35. © 2020 Snowflake Inc. All Rights Reserved 35
  • 36. © 2020 Snowflake Computing Inc. All Rights Reserved ● Separate silos for transaction and engagement data ● Unable to drive site traffic and conversion ● Unable to optimize inventory and improve margin ● Stale analytics due to data fragmentation ● Delays and stalls in data science due to concurrent use ● Excess time and resources spent on managing infrastructure vs. analytics 36 Fragmented Data Holding Back Growth, Margin, and CX
  • 37. © 2020 Snowflake Computing Inc. All Rights Reserved ● Power personalization with visibility to engagement and orders, across email, mobile, app, and desktop ● Make better buying and pricing decisions with comprehensive data on product conversion rates ● Increase analyst and engineering productivity by reallocating time spent on managing infrastructure to strategic activities ● Reduce costs by only paying for resources when they are being used Integrated Cloud Data Platform Site Activity Email Activity Internal / Order Data Streaming Daily Hourly Reporting and Analytics Cloud Data Platform Data Marketplace Geolocation | Census | Demographic | Covid19 Data Science Real-Time 37 Integrated Data Drives Business Outcomes
  • 38. © 2020 Snowflake Computing Inc. All Rights Reserved Use Case: Identify top performing brands and engage users to increase CLV Identified that majority of black friday new member acquisition driven by 1 brand 1 Discovered that mobile app usage of these members is lower than general population 2 Members with mobile app downloads visit 3x+ more than others 3 38
  • 39. Key Takeaways CLV is key to maintaining existing customers and optimizing new customer acquisition programs Integrating data is key to identifying key segments, assessing LTV, and driving personalized engagement Build your tech stack to remain agile. The only thing certain these days is change CLV determines the health of your brand relationship with its customers 39
  • 40. https://bit.ly/3fcU01m Schedule Your 1:1 Strategy Evaluation 40
  • 41. Schedule an analytics consultation
  • 42. Live Q&A Annica Nesty Senior Director of Analytics & Marketing Science Ganesh Subramanian Director of Product Marketing 42