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Why consumers want ‘Good’ data not
            ‘Big’ data

Jan 10th 2013
By Jessica Ezeogu
Big data defined

Big Data... “From the status updates, friendship
  connections and preferences generated by
  Facebook and Twitter to search strings on
   Google, locations on mobile phones and
 purchasing history on store cards, this is data
   that's too big to compute easily”
                                  Guardian,( 2012)
The challenge of ‘Big Data’




• Make ‘big’ data, ‘small’ data
• Managing unstructured, streams of customer information from
  social media data sources Facebook, YouTube, apps, QR Codes,
  blogs, GPS etc.
• Abstracting useful insight from the available data
Unspoken
Agreement




• Expectations of privacy are being renegotiated
• Privacy is not about control over personal data, but the control
  individuals think they have
• Increasingly, people are gaining services that deliver value, relevance
  and connection in exchange for their personal information
Trust




•   It's about the reputation of the companies, ‘data is their
    currency’

•   Trust is a digital marketer's secret—when customers trust
    you, they will reward you with their loyalty.
Good Data




• Involves putting the customer first
• Abstracting useful insight from the available data
• Ensuring the data collected is of a high quality
• Provides a significant competitive advantage
• Is actionable in a meaningful way
• Allows brands to analyse the behaviour patterns of customers that are
  worth keeping
Timely helpfulness




• Consumers who are loyal to brands are increasingly expecting to
  be rewarded
• Improves customer experience and engagement
• Allows the delivery of relevant and timely deals / offers/
  recommendations based on customer experiences
• Increases consumer loyalty and reduces churn
•
Brands using ‘Big Data’ to cherish
existing customers




Incentives




             Recommendations         Engagement

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Good data not big data

  • 1. Why consumers want ‘Good’ data not ‘Big’ data Jan 10th 2013 By Jessica Ezeogu
  • 2. Big data defined Big Data... “From the status updates, friendship connections and preferences generated by Facebook and Twitter to search strings on Google, locations on mobile phones and purchasing history on store cards, this is data that's too big to compute easily” Guardian,( 2012)
  • 3. The challenge of ‘Big Data’ • Make ‘big’ data, ‘small’ data • Managing unstructured, streams of customer information from social media data sources Facebook, YouTube, apps, QR Codes, blogs, GPS etc. • Abstracting useful insight from the available data
  • 4. Unspoken Agreement • Expectations of privacy are being renegotiated • Privacy is not about control over personal data, but the control individuals think they have • Increasingly, people are gaining services that deliver value, relevance and connection in exchange for their personal information
  • 5. Trust • It's about the reputation of the companies, ‘data is their currency’ • Trust is a digital marketer's secret—when customers trust you, they will reward you with their loyalty.
  • 6. Good Data • Involves putting the customer first • Abstracting useful insight from the available data • Ensuring the data collected is of a high quality • Provides a significant competitive advantage • Is actionable in a meaningful way • Allows brands to analyse the behaviour patterns of customers that are worth keeping
  • 7. Timely helpfulness • Consumers who are loyal to brands are increasingly expecting to be rewarded • Improves customer experience and engagement • Allows the delivery of relevant and timely deals / offers/ recommendations based on customer experiences • Increases consumer loyalty and reduces churn •
  • 8. Brands using ‘Big Data’ to cherish existing customers Incentives Recommendations Engagement