Business Intelligence 2.0

I.C.A.R.O.S. GmbH




                      Copyright I.C.A.R.O.S. GmbH 2011
AGENDA

Executive Summary            Exec Summary Challenges

  Background                   Challenges

  Statistics                   Implementation

Exec Summary on Technology   Services I.C.A.R.O.S. GmbH

  Data Sources               Contact I.C.A.R.O.S. GmbH

  Technique




                                                Copyright I.C.A.R.O.S. GmbH 2011
Executive Summary
Data Driven Marketing
    Behavior is a consequence of attitude together with
    individual norms and values.
    Attitudes and strategies of apology have statistically
    significant influence to human behavior.
    Given the possibility to extract measurable and
    influenceable factors of behavior this information
    would help to predict future activities, needs and
    wishes of individuals.

Agenda
Theory of Planned Behavior


     attitude



                 Intention   Behavior


  Individual
norms & values

Agenda

                              Copyright I.C.A.R.O.S. GmbH 2011
Statistics

    Statistical studies* have found evidence that there is a
    statistically significant influence of attitude to behavior.
    The same evidence was found for past behavior.
    An extension of the model to strategies of apology for
    past behavior is another significant variable for current
    behavior.


 * Beispiel: http://www.uns.ethz.ch/res/crp/sustlearn/wadis_dt/erg3/Liz_arbeit_littering-verhalten.pdf


Agenda

                                                                                                 Copyright I.C.A.R.O.S. GmbH 2011
SUMMARY

    The theory behind Data Driven Marketing delivers a
    framework for data driven Business Intelligence by
    extraction of measurable and influenceable factors of
         attitudes
         strategies of apology
    explaining human behavior.




Agenda

                                                Copyright I.C.A.R.O.S. GmbH 2011
Executive Summary
Technology of DDM
    New Marketing-Tools like Smartphone Ads are sources of
    information at the same time and so could be used for
    Business Intelligence.
    Reporting of daily behavior, together with field studies and
    interpretation of social interactions will be the basis of
    future marketing actions.
    The identification of most valuable customers and their
    retention will succeed even without knowing the
    personalized data of individuals - only by knowing habits.

Agenda
Data sources for DDM*
    Data sources for DDM could be segmented into 3
    groups:
         Activities of customers
         General field studies about behavior
         Interpretation of social interactions
    Combining these sources could be managed
    technically and/or by intuition of the marketer.


Agenda             * See also Market Research 2.0 http://www.slideshare.net/viktorriemer

                                                                                   Copyright I.C.A.R.O.S. GmbH 2011
Data sources for DDM*
         Examples
           barcoo (Smartphone used as product scanner)

           productfinder (virtual sales assistant)

           theSteward (mobile service platform)

         With these tools an integration between marketing
         activity and market research measurement could
         easily be installed.



Agenda                 * See also Market Research 2.0 http://www.slideshare.net/viktorriemer

                                                                                       Copyright I.C.A.R.O.S. GmbH 2011
Technique of DDM 1

 Records about activities and behavior of customers will
 be generated by electronical marketing tools and/or
 CRM sources.
 The questions WHY and HOW an attitude is built will be
 generated by individually styled fiels studies.
 Knowledge and interpretation of social interactions will
 be won from social platforms, blogs, forums out of the
 Internet.



                                                Copyright I.C.A.R.O.S. GmbH 2011
Technique of DDM 2

 With cluster and factor analysis the most valuable
 target group can be identified by combining the three
 sources above.
 Even more effective is the structured observation of
 behavior and its anomalies. In-time interpretation of
 behavior anomalies will avoid losses of customers,
 dissatisfaction and building a bad reputation.
 Indicated actions could be planned and executed in-
 time.

                                                Copyright I.C.A.R.O.S. GmbH 2011
Technique of DDM 3

    DDM is to aim for:
         Prevention of customer losses and winning new
         clients
         Identifying most valuable target groups
         Adressing attitudes and values of these customers




Agenda

                                                   Copyright I.C.A.R.O.S. GmbH 2011
Challenges for DDM 1
 Biggest challenge for DDM is defining and identifying
 the right and most influential parameters of attitude
 and strategies of apology.
 Particularly the needed granularity of informationen its
 link attitude of customers is the huge question mark
 behind Data Driven marketing and Business
 Intelligence.
 The second crucial topic is in-time delivery of the above
 information.


                                                Copyright I.C.A.R.O.S. GmbH 2011
Challenges of DDM 2

    Jim Novo, the most important professional behind
    DDM (1), answers these challenges by a rather simple
    advice:
          „I think social folks would find more success by not
          focussing so much on measuring engagement, but
          instead by measuring „dis-engagement“ (2).


         (1) http://www.jimnovo.com   (2) http://marktamis.com/2010/04/15/data-driven-social-crm/


Agenda

                                                                                           Copyright I.C.A.R.O.S. GmbH 2011
DDM implementation
    To successfully implement DDM in an organization you
    need the following:
         Strategic focus of top management
         Existence of structured data sources and marketing
         tools
         Clear vision, what performance indicators measure
         aiming the business targets best AND can be
         influenced by company management


Agenda

                                                  Copyright I.C.A.R.O.S. GmbH 2011
Services I.C.A.R.O.S. GmbH

    Assessment of relevance and effectiveness of a
    DDM strategy for the client company
    Consultancy, conception and implementation of
    DDM frameworks including marketing tools
    Support for market research data generation
    Selection of tools and business partner for
    implementation of DDM strategy


Agenda

                                                  Copyright I.C.A.R.O.S. GmbH 2011
More Informationen


         I.C.A.R.O.S. GmbH
         Viktor Riemer


         mobile +491715422715
         v_riemer@icaros.de


         www.icaros.de
Agenda

                                Copyright I.C.A.R.O.S. GmbH 2011

Business Intelligence 2.0

  • 1.
    Business Intelligence 2.0 I.C.A.R.O.S.GmbH Copyright I.C.A.R.O.S. GmbH 2011
  • 2.
    AGENDA Executive Summary Exec Summary Challenges Background Challenges Statistics Implementation Exec Summary on Technology Services I.C.A.R.O.S. GmbH Data Sources Contact I.C.A.R.O.S. GmbH Technique Copyright I.C.A.R.O.S. GmbH 2011
  • 3.
    Executive Summary Data DrivenMarketing Behavior is a consequence of attitude together with individual norms and values. Attitudes and strategies of apology have statistically significant influence to human behavior. Given the possibility to extract measurable and influenceable factors of behavior this information would help to predict future activities, needs and wishes of individuals. Agenda
  • 4.
    Theory of PlannedBehavior attitude Intention Behavior Individual norms & values Agenda Copyright I.C.A.R.O.S. GmbH 2011
  • 5.
    Statistics Statistical studies* have found evidence that there is a statistically significant influence of attitude to behavior. The same evidence was found for past behavior. An extension of the model to strategies of apology for past behavior is another significant variable for current behavior. * Beispiel: http://www.uns.ethz.ch/res/crp/sustlearn/wadis_dt/erg3/Liz_arbeit_littering-verhalten.pdf Agenda Copyright I.C.A.R.O.S. GmbH 2011
  • 6.
    SUMMARY The theory behind Data Driven Marketing delivers a framework for data driven Business Intelligence by extraction of measurable and influenceable factors of attitudes strategies of apology explaining human behavior. Agenda Copyright I.C.A.R.O.S. GmbH 2011
  • 7.
    Executive Summary Technology ofDDM New Marketing-Tools like Smartphone Ads are sources of information at the same time and so could be used for Business Intelligence. Reporting of daily behavior, together with field studies and interpretation of social interactions will be the basis of future marketing actions. The identification of most valuable customers and their retention will succeed even without knowing the personalized data of individuals - only by knowing habits. Agenda
  • 8.
    Data sources forDDM* Data sources for DDM could be segmented into 3 groups: Activities of customers General field studies about behavior Interpretation of social interactions Combining these sources could be managed technically and/or by intuition of the marketer. Agenda * See also Market Research 2.0 http://www.slideshare.net/viktorriemer Copyright I.C.A.R.O.S. GmbH 2011
  • 9.
    Data sources forDDM* Examples barcoo (Smartphone used as product scanner) productfinder (virtual sales assistant) theSteward (mobile service platform) With these tools an integration between marketing activity and market research measurement could easily be installed. Agenda * See also Market Research 2.0 http://www.slideshare.net/viktorriemer Copyright I.C.A.R.O.S. GmbH 2011
  • 10.
    Technique of DDM1 Records about activities and behavior of customers will be generated by electronical marketing tools and/or CRM sources. The questions WHY and HOW an attitude is built will be generated by individually styled fiels studies. Knowledge and interpretation of social interactions will be won from social platforms, blogs, forums out of the Internet. Copyright I.C.A.R.O.S. GmbH 2011
  • 11.
    Technique of DDM2 With cluster and factor analysis the most valuable target group can be identified by combining the three sources above. Even more effective is the structured observation of behavior and its anomalies. In-time interpretation of behavior anomalies will avoid losses of customers, dissatisfaction and building a bad reputation. Indicated actions could be planned and executed in- time. Copyright I.C.A.R.O.S. GmbH 2011
  • 12.
    Technique of DDM3 DDM is to aim for: Prevention of customer losses and winning new clients Identifying most valuable target groups Adressing attitudes and values of these customers Agenda Copyright I.C.A.R.O.S. GmbH 2011
  • 13.
    Challenges for DDM1 Biggest challenge for DDM is defining and identifying the right and most influential parameters of attitude and strategies of apology. Particularly the needed granularity of informationen its link attitude of customers is the huge question mark behind Data Driven marketing and Business Intelligence. The second crucial topic is in-time delivery of the above information. Copyright I.C.A.R.O.S. GmbH 2011
  • 14.
    Challenges of DDM2 Jim Novo, the most important professional behind DDM (1), answers these challenges by a rather simple advice: „I think social folks would find more success by not focussing so much on measuring engagement, but instead by measuring „dis-engagement“ (2). (1) http://www.jimnovo.com (2) http://marktamis.com/2010/04/15/data-driven-social-crm/ Agenda Copyright I.C.A.R.O.S. GmbH 2011
  • 15.
    DDM implementation To successfully implement DDM in an organization you need the following: Strategic focus of top management Existence of structured data sources and marketing tools Clear vision, what performance indicators measure aiming the business targets best AND can be influenced by company management Agenda Copyright I.C.A.R.O.S. GmbH 2011
  • 16.
    Services I.C.A.R.O.S. GmbH Assessment of relevance and effectiveness of a DDM strategy for the client company Consultancy, conception and implementation of DDM frameworks including marketing tools Support for market research data generation Selection of tools and business partner for implementation of DDM strategy Agenda Copyright I.C.A.R.O.S. GmbH 2011
  • 17.
    More Informationen I.C.A.R.O.S. GmbH Viktor Riemer mobile +491715422715 v_riemer@icaros.de www.icaros.de Agenda Copyright I.C.A.R.O.S. GmbH 2011