© 2015 BRIDGEi2i Analytics Solutions Pvt. Ltd. All rights reserved
Marketing Science
for the VUCA world
Prithvijit Roy
CEO & Co-Founder
Prithvijit.roy@bridgi2i.com
2
Market
Customers
Marketing Spend
Channels
Role
Disruptive Competition…Can addressable market be estimated
more accurately?
How can targeted, personalized offers be driven to improve
Customer Experience across Customer Lifecycle?
Increased Technology and more tools: How can Marketing Spend be
optimized?
Social, Digital, mobile: Are messages integrated and
impact measurable?
The changing CMO role: No longer a debate
about art vs. science of Marketing
Is it the best of times or worst of times for CMOs?
CMO challenges in today’s VUCA (volatility, uncertainty, complexity, ambiguity) world
…Data production has increased significantly.
Is it leading to better decisions?
… but the challenges remain
3
Data is a BIG Opportunity..
Sourced from multiple studies
1
2
4
Data Quality: fragmented data systems
Data Integration: Multiple agency
partners handling different data fumes
Personalization/Privacy: Understanding
Behavioural Patterns while respecting
privacy
3
Adoption: Driving adoption and increased
ROI from data
The role of data has increased…
Market
Data
Marketing
Automation
System
CRM
Data
Web/Social
Data
Customer
Experience
Marketing
campaign
data
Customer
Profile
…But Data alone cannot provide the answers
There is a need for transforming data into outcomes…
4
INFORMATION INSIGHT IMPACT
Transform and visualize big data into
meaningful business metrics
Identify underlying patterns, behavior
and predict outcome
Operationalize data driven decisions
to realize sustainable business value
Leverage information about
behavior to identify
opportunities to provide
personalized interventions
…and this requires an integrated approach…
Business Benefit
Optimization
Personalization
• Market Sizing algorithm
• Recommendation Engine
Data Management
Reporting Research &
Visualization
Data Augmentation
Design Metrics
Platforms &
Decision Engines
Enable Analytics
Institutionalization, &
adoption
Optimization of business
objective based on multiple
operative constraints
Our Solution: Marketing Science Centre
5
What is
Marketing Science ?
What is
Marketing Science ?
6
Our Solution: Marketing Science Centre
Marketing
science
Orders & Purchase
Campaign Data
Customer Data
Social & Web Data
Marketing
Automation
Experience &
Personalization
Digital & Social
Mobile
Understanding of
Marketing Data
Environments
Innovating around
futuristic trends
7
Marketing
Science
Data Management
Reporting &
Visualization
Predictive Modeling
Market Research
Customer Experience
Management
Cross-Sell
Recommendations
Marketing
Dashboard
Lead Scoring &
Attribution
Building Depth in Core
Capabilities
Driving Efficiency & Speed
through Technology &
Algorithms
Our Solution: Marketing Science Centre
Components of Marketing Science
8
Experience Technology Enablers Analytics Domain Understanding
OUR EXPERTISE
Unique philosophy will help us achieve sustainable business impact through actionable insights leveraging data
Marketing
Intelligence
Customer
Intelligence
Marketing
Effectiveness
Market Monitor to track trends
and changes
Market Estimation Framework
360 degree Customer Experience
Monitor
Target Marketing Models
Marketing Performance
Dashboard
Marketing Mix Optimizer
Campaign Effectiveness tracker
Real Time 1:1
Recommendation Engine
Campaign Operationalization
Experience of data transformation
with >10 Fortune 1,000 companies
Unique technology assets that
are customizable for clients
In-house predictive Analytics
algorithms and frameworks
Leadership experience in working
with Fortune 100 Technology firms
MARKET
INTELLIGENCE
CUSTOMER
INTELLIGENCE
Managed Accounts
Solutions and
Methodologies
MARKETING
EFFECTIENESS
IMPACT FOR
MARKETING
TEAM
We have shown the Impact: For an Insurance Firm (1/4)
Optimizing a multiproduct & multichannel direct marketing program
9
Multiple Channels …
Multiple Products …
Pertinent Questions … Leveragable Information …
10
We have shown the Impact: For an Insurance Firm (2/4)
Statistical model estimating chance of buying insurance
Contact through DM/
Tele marketing
Responding to the
promotion
Purchase Insurance
Product
TWO STAGE MODELS:
Response Rate Conversion Rate
ILLUSTRATIVE MODEL:
CUT-OFF
AGE
(55-83)
INCOME
(>=$30K)
MARITAL STATUS
(Married)
EDUCATIOON
(College+)Credit Balance
>= 50K USD
HIGH
LOW
Response Rate
We have shown the Impact: For an Insurance Firm (3/4)
Integrating individual models into broader communication strategy
11
Product1 Product3 Product2 Product4
Response Models
X XX X
Conversion Models
Score Standardization
Contact Optimization
Strategy illustrative Prod1, DM Prod2, TM Prod2, DM Prod3, DM
We have shown the Impact: For an Insurance Firm (4/4)
Incremental conversion with lower cost
12
7%
Database marketing cost
Cost Per Conversion
M1 M4M3M2
15%
1 2 3 4 5 6+
Contacts per Quarter
Insurance Premium Value
10%
13
Identify Objectives – Frameworks to understand
business challenges and identify develop business
priorities
Identify Stakeholders – Identify Stakeholders are
those who may be affected by or have an effect
on an effort.
Bring in Alignment – Create consensus among
the stakeholder
Create Roadmap – Create an engagement plan
based on the business priorities
Understanding & Align to
Partner Priorities
Marketing Science Centre
Center Configuration
How we can work with you: Aligning with partner’s goals…
..and in the end, BRIDGEi2i will be
measured based on the performance
Identify Objectives
Identify Stakeholder
Bring Alignment
Create roadmap
Understand Partner
Priority
Partner
Key Stakeholders
Marketing Science Center
BRIDGEi2i Engagement Manager
Leverage BRIDGEi2i broader team
Frameworks Advanced AnalyticsTools
What we bring to the table
Solve: Your business problems and provide
accelerated outcomes
Simplify: Your Marketing process through use
of best-in-class techniques and tools
Sustain: by becoming your specialized
partner, Centre for Expertise for
operationalizing Marketing
…while you focus on business and Change
Management
Simplify
Tools, technology and algorithms to simplify the process
of generating and communicating insights
Solve
Frameworks to understand business problems and
challenges and identify suitable solutions
Sustain
Combination of process, people and technology to operationalize data driven
decisions and enable sustainable business value
Why you should call us?

Marketing Science for the VUCA world

  • 1.
    © 2015 BRIDGEi2iAnalytics Solutions Pvt. Ltd. All rights reserved Marketing Science for the VUCA world Prithvijit Roy CEO & Co-Founder Prithvijit.roy@bridgi2i.com
  • 2.
    2 Market Customers Marketing Spend Channels Role Disruptive Competition…Canaddressable market be estimated more accurately? How can targeted, personalized offers be driven to improve Customer Experience across Customer Lifecycle? Increased Technology and more tools: How can Marketing Spend be optimized? Social, Digital, mobile: Are messages integrated and impact measurable? The changing CMO role: No longer a debate about art vs. science of Marketing Is it the best of times or worst of times for CMOs? CMO challenges in today’s VUCA (volatility, uncertainty, complexity, ambiguity) world …Data production has increased significantly. Is it leading to better decisions?
  • 3.
    … but thechallenges remain 3 Data is a BIG Opportunity.. Sourced from multiple studies 1 2 4 Data Quality: fragmented data systems Data Integration: Multiple agency partners handling different data fumes Personalization/Privacy: Understanding Behavioural Patterns while respecting privacy 3 Adoption: Driving adoption and increased ROI from data The role of data has increased… Market Data Marketing Automation System CRM Data Web/Social Data Customer Experience Marketing campaign data Customer Profile …But Data alone cannot provide the answers
  • 4.
    There is aneed for transforming data into outcomes… 4 INFORMATION INSIGHT IMPACT Transform and visualize big data into meaningful business metrics Identify underlying patterns, behavior and predict outcome Operationalize data driven decisions to realize sustainable business value Leverage information about behavior to identify opportunities to provide personalized interventions …and this requires an integrated approach… Business Benefit Optimization Personalization • Market Sizing algorithm • Recommendation Engine Data Management Reporting Research & Visualization Data Augmentation Design Metrics Platforms & Decision Engines Enable Analytics Institutionalization, & adoption Optimization of business objective based on multiple operative constraints
  • 5.
    Our Solution: MarketingScience Centre 5 What is Marketing Science ? What is Marketing Science ?
  • 6.
    6 Our Solution: MarketingScience Centre Marketing science Orders & Purchase Campaign Data Customer Data Social & Web Data Marketing Automation Experience & Personalization Digital & Social Mobile Understanding of Marketing Data Environments Innovating around futuristic trends
  • 7.
    7 Marketing Science Data Management Reporting & Visualization PredictiveModeling Market Research Customer Experience Management Cross-Sell Recommendations Marketing Dashboard Lead Scoring & Attribution Building Depth in Core Capabilities Driving Efficiency & Speed through Technology & Algorithms Our Solution: Marketing Science Centre
  • 8.
    Components of MarketingScience 8 Experience Technology Enablers Analytics Domain Understanding OUR EXPERTISE Unique philosophy will help us achieve sustainable business impact through actionable insights leveraging data Marketing Intelligence Customer Intelligence Marketing Effectiveness Market Monitor to track trends and changes Market Estimation Framework 360 degree Customer Experience Monitor Target Marketing Models Marketing Performance Dashboard Marketing Mix Optimizer Campaign Effectiveness tracker Real Time 1:1 Recommendation Engine Campaign Operationalization Experience of data transformation with >10 Fortune 1,000 companies Unique technology assets that are customizable for clients In-house predictive Analytics algorithms and frameworks Leadership experience in working with Fortune 100 Technology firms MARKET INTELLIGENCE CUSTOMER INTELLIGENCE Managed Accounts Solutions and Methodologies MARKETING EFFECTIENESS IMPACT FOR MARKETING TEAM
  • 9.
    We have shownthe Impact: For an Insurance Firm (1/4) Optimizing a multiproduct & multichannel direct marketing program 9 Multiple Channels … Multiple Products … Pertinent Questions … Leveragable Information …
  • 10.
    10 We have shownthe Impact: For an Insurance Firm (2/4) Statistical model estimating chance of buying insurance Contact through DM/ Tele marketing Responding to the promotion Purchase Insurance Product TWO STAGE MODELS: Response Rate Conversion Rate ILLUSTRATIVE MODEL: CUT-OFF AGE (55-83) INCOME (>=$30K) MARITAL STATUS (Married) EDUCATIOON (College+)Credit Balance >= 50K USD HIGH LOW Response Rate
  • 11.
    We have shownthe Impact: For an Insurance Firm (3/4) Integrating individual models into broader communication strategy 11 Product1 Product3 Product2 Product4 Response Models X XX X Conversion Models Score Standardization Contact Optimization Strategy illustrative Prod1, DM Prod2, TM Prod2, DM Prod3, DM
  • 12.
    We have shownthe Impact: For an Insurance Firm (4/4) Incremental conversion with lower cost 12 7% Database marketing cost Cost Per Conversion M1 M4M3M2 15% 1 2 3 4 5 6+ Contacts per Quarter Insurance Premium Value 10%
  • 13.
    13 Identify Objectives –Frameworks to understand business challenges and identify develop business priorities Identify Stakeholders – Identify Stakeholders are those who may be affected by or have an effect on an effort. Bring in Alignment – Create consensus among the stakeholder Create Roadmap – Create an engagement plan based on the business priorities Understanding & Align to Partner Priorities Marketing Science Centre Center Configuration How we can work with you: Aligning with partner’s goals… ..and in the end, BRIDGEi2i will be measured based on the performance Identify Objectives Identify Stakeholder Bring Alignment Create roadmap Understand Partner Priority Partner Key Stakeholders Marketing Science Center BRIDGEi2i Engagement Manager Leverage BRIDGEi2i broader team Frameworks Advanced AnalyticsTools What we bring to the table Solve: Your business problems and provide accelerated outcomes Simplify: Your Marketing process through use of best-in-class techniques and tools Sustain: by becoming your specialized partner, Centre for Expertise for operationalizing Marketing …while you focus on business and Change Management
  • 14.
    Simplify Tools, technology andalgorithms to simplify the process of generating and communicating insights Solve Frameworks to understand business problems and challenges and identify suitable solutions Sustain Combination of process, people and technology to operationalize data driven decisions and enable sustainable business value Why you should call us?