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Mining Everyone’s Business Customer Data Integration in a Rich-Data Ecosystem Jeff DeChambeau July 27, 2010

Mining everyone's business: Customer data integration in a rich-data ecosystem

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Page 1: Mining everyone's business: Customer data integration in a rich-data ecosystem

Mining Everyone’s BusinessCustomer Data Integration in a Rich-Data Ecosystem

Jeff DeChambeau July 27, 2010

Page 2: Mining everyone's business: Customer data integration in a rich-data ecosystem

We’ve done a great job integrating technology into many facets of consumption (and life).

By going about their lives, consumers disclose their activities and interests.

The presence of technology (and data)in our lives is only going to increase.

2Copyright 2010 Moxie Insight. All rights reserved.

Page 3: Mining everyone's business: Customer data integration in a rich-data ecosystem

Data collection utopia

Privacy advocate utopia

“TMI” crew

VRM enthusiasts

time

3Copyright 2010 Moxie Insight. All rights reserved.

Page 4: Mining everyone's business: Customer data integration in a rich-data ecosystem

The Johari windowKnown to self Not known to self

Known to others Arena Blind Spot

Not known to others Facade Unknown

4Copyright 2010 Moxie Insight. All rights reserved.

Page 5: Mining everyone's business: Customer data integration in a rich-data ecosystem

Agenda

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Customer data-sharing habits

Enterprise data gathering

Get smart about data creation and collection

Copyright 2010 Moxie Insight. All rights reserved.

Page 6: Mining everyone's business: Customer data integration in a rich-data ecosystem

Where does data ownership reside?

6Copyright 2010 Moxie Insight. All rights reserved.

Page 7: Mining everyone's business: Customer data integration in a rich-data ecosystem

Part I:Customer data-sharing habits

7Copyright 2010 Moxie Insight. All rights reserved.

Page 8: Mining everyone's business: Customer data integration in a rich-data ecosystem

Legacy consumer experience data collection:

Probably not optimal.Source: PBF Comics

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Page 9: Mining everyone's business: Customer data integration in a rich-data ecosystem

“TMI” crew

9Copyright 2010 Moxie Insight. All rights reserved.

Page 10: Mining everyone's business: Customer data integration in a rich-data ecosystem

Hyper-sharers will be around no matter the privacy climate. Services like twitter, buzz, facebook, and foursquare are designed to entice users to share and over-share.

If you want a specific type of data, try making it easy for people to share it.10

Page 11: Mining everyone's business: Customer data integration in a rich-data ecosystem

Part II:Enterprise data gathering

11Copyright 2010 Moxie Insight. All rights reserved.

Page 12: Mining everyone's business: Customer data integration in a rich-data ecosystem

Traditional data source types:publicly available, volunteered,

gleaned/mined, uniquely identifying

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Page 13: Mining everyone's business: Customer data integration in a rich-data ecosystem

Historically...

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Page 14: Mining everyone's business: Customer data integration in a rich-data ecosystem

How much data does the enterprise need?

14Copyright 2010 Moxie Insight. All rights reserved.

Page 15: Mining everyone's business: Customer data integration in a rich-data ecosystem

Apple and our partners and licensees may collect, use, and share precise location data, including the real-time geographic location of your Apple computer or device. This location data is collected anonymously in a form that does not personally identify you and is used by Apple and our partners and licensees to provide and improve location-based products and services. -Apple

“Nonaffiliated third parties are those not part of the family of companies controlled by Citigroup Inc. and/or Macy's, Inc. We may disclose personal information about you to nonaffiliated third parties.” -Macy’s Credit Card

“We collect your information from the following sources:• Information you give us, such as during transactions, customer service, surveys, and online registrations.• Information from other sources, such as consumer reporting agencies, and• Information automatically collected when you visit our websites, such as via cookies, and in stores, e.g. via

video cameras.” -Wal-Mart

“We collect it automatically when you visit our Web sites or use our products and services.” -AT&T

Ye Olde Privacy Policy

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Page 16: Mining everyone's business: Customer data integration in a rich-data ecosystem

Consider mobility: Rich, unique, personal, up-to-date data sources.

16Copyright 2010 Moxie Insight. All rights reserved.

Page 17: Mining everyone's business: Customer data integration in a rich-data ecosystem

I’m cash-poor but data-rich!

17Copyright 2010 Moxie Insight. All rights reserved.

Page 18: Mining everyone's business: Customer data integration in a rich-data ecosystem

“Private”“Public”

18Copyright 2010 Moxie Insight. All rights reserved.

Page 19: Mining everyone's business: Customer data integration in a rich-data ecosystem

What would it take to stop this progression?

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Page 20: Mining everyone's business: Customer data integration in a rich-data ecosystem

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Page 21: Mining everyone's business: Customer data integration in a rich-data ecosystem

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Part III:Get smart about data collection & creation

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Page 22: Mining everyone's business: Customer data integration in a rich-data ecosystem

How do we get smart?

Put on your data-goggles.

Create data-rich customer experiences.

Capture multiple types of data simultaneously.

22Copyright 2010 Moxie Insight. All rights reserved.

Page 23: Mining everyone's business: Customer data integration in a rich-data ecosystem

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Facial recognitionPunctuality assessmentSocial network analysis

Brand preferencesEmotional responsesPost-event reviews

Repeat visit incentives

Movie theater

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Page 24: Mining everyone's business: Customer data integration in a rich-data ecosystem

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Grocery store

Facial recognitionPurchase history

Habit detection/predictionRecipe suggestionsSuggested up-sellsEmotion detectionVCA path tracking

Page 25: Mining everyone's business: Customer data integration in a rich-data ecosystem

Best practices/words of warning

It’s easier to back up than to catch up.

Use data to make better experiences for your customers, not just to make more money.

If you’re using customer data to improve the customer experience, chances are good that people will allow it.

25Copyright 2010 Moxie Insight. All rights reserved.

Page 26: Mining everyone's business: Customer data integration in a rich-data ecosystem

Key takeaways

There exists tremendous opportunity to use data to segment customers and understand their behaviors.

This is accepted or ignored by customers, who abide by privacy policies that allow for data collection and sharing.

It’s happening, it’s going to keep happening, and your competitors are probably looking into it--if not already users.

26Copyright 2010 Moxie Insight. All rights reserved.

Page 27: Mining everyone's business: Customer data integration in a rich-data ecosystem

Questions

How much sway could public policy have?

If we can, do we increase sales at the expense of customer well-being?

Like with everything, there will be a black market. How will we respond?

What rights do consumers have over “their” data?

If there is a line that the enterprise doesn’t cross, where is it?

27Copyright 2010 Moxie Insight. All rights reserved.