Tag Archives: data usage

Blinded By The Light

Yesterday I wrote about using data as a flashlight. There is, of course, a problem inherent in flashlights that is also true about data. If you look at a flashlight the wrong way, you become temporarily blinded. Let someone shine one into your eyes in a dark room and you’ll understand. Data can be blinding too.  

For example, it’s great to have big ears and to listen carefully to what is transpiring with respect to your company or brand in the social sphere. The problem is that we all know those with the loudest mouths tend to be the least satisfied. Some are just chronic complainers; others are trying to get something for nothing. Taking their buzz as gospel can drive you insane as well as point you in the wrong direction. Obviously they can’t be ignored, but that’s a beam of light we need to be sure is aiming in the right direction.

Ratings and reviews are other sources of excellent information, but be sure that as you’re researching (both those of your own brand and those of your competitors) that you’re not falling prey to fake information. There are companies that hire scammers to write them, as this piece explains in detail.  Place what’s out there publicly in the context of your own customer service data and support emails.  Are there large differences?  Complaints that are never made privately but seem to be a steady drumbeat publicly?

I like this quote:

The paradigm has historically been to do some qualitative studies to develop hypotheses for testing, then validate and measure through quantitative studies. The only difference now is that, in addition to intimate panel-based research, we also have the ability to get much more input from a panel of millions.

So as you’re using those million beams of light, don’t forget context and source.  Make your data set as comprehensive as possible before drawing conclusions.  Failing to do so means blindness rather than illumination.

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Filed under Consulting, Helpful Hints

One Thing You Can Do Right Now For Your Customers

Attention business people! We have a problem. OK, many of us have more than one, but the one to which I refer is pretty important so listen up. In short, our customers don’t trust us. Think I’m kidding?

The latest Pew study is out and as the release about it said:

In the almost two years that have passed since the initial Snowden (former National Security Agency contractor Edward Snowden) revelations, the public has been awash in news stories detailing security breaches at major retailers, health insurance companies and financial institutions. These events and the doubts they have inspired have contributed to a cloud of personal “data insecurity” that now looms over many Americans’ daily decisions and activities. Many find these developments deeply troubling and want limits put in place, while some do not feel these issues affect them personally.

Some may not feel that but the vast majority do. Most folks believe it is important that they be able to maintain privacy and confidentiality in commonplace activities of their lives. Most strikingly, these views are especially pronounced when it comes to knowing what information about them is being collected and who is doing the collecting.  Compare that belief with the data:

  • 76% of adults say they are “not too confident” or “not at all confident” that records of their activity maintained by the online advertisers who place ads on the websites they visit will remain private and secure.
  • 69% of adults say they are not confident that records of their activity maintained by the social media sites they use will remain private and secure.
  • 66% of adults say they are not confident that records of their activity maintained by search engine providers will remain private and secure.
  • 66% say they are not confident that records of their activity collected by the online video sites they use will remain private and secure.

So what can you do right now to help?  Be transparent about what you’re collecting and why.  Don’t bury that information in your Terms of Service.  Explain who has access to the data, how it is shared (or not) with business partners, how long it’s retained, and offer to present the user with a copy of everything you have.  Most importantly, to the extent you can, allow the customers to opt-in and explain why that’s a good thing for them.  Turns out it just might be a good thing for your business too.

Do you do business with people you don’t trust?  Why should your customers?

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Filed under Consulting, digital media, Huh?

Staying In Second Gear

Imagine you’ve purchased a brand new Ferrari 488GTB.  You are now the proud owner of a seven-speed dual-clutch transmission which is in a vehicle said to be capable of 205 mph.  I don’t know about you but I would for damn sure want to find a place where I could get it out of second gear and let the machine perform to its abilities.  It would be a waste to leave it in second gear all the time.

English: Ferrari 458 Italia, pictured in London

(Photo credit: Wikipedia)

I thought about that as I read about the Relevancy Group’s 2015 version of the email service provider study.  What struck me was how many of those companies that rely on email marketing are underutilizing the wealth of data they have. Instead they relied on less advanced customer data attributes to segment audiences for email marketing campaigns.  As the eMarketer summary stated:

General demographic and geographic data were the most common metrics used for segmentation, and the only ones used by more than 35% of respondents. Meanwhile, other easily measured data points such as email clicks and open rates were used less frequently—especially the latter—and most marketers were unable to leverage metrics beyond the email realm such as past purchases and spending habits.

How very 2001, although I’m not surprised.  The sad reality is that many companies have no plan, no system, no KPI’s, and no ability to mine and utilize the bulk of the data they already have.  Just over a quarter of marketers have some sort of ability to create a single customer view across channels.  I suspect those of you who aren’t marketers have some of the same issues.  Data can live in silos or be fragmented across reporting lines.  A big problem which gets bigger every day.

How can we get the rest of the email marketing world out of second gear? Part of it is understanding.  It’s nice that many of the marketers surveyed planned to focus more on segmentation and targeting, ranking it the top email marketing priority for 2015.  But unless there is a better understanding of what’s being collected and a commitment to a single repository from which all stakeholders can draw, I don’t see them reaching  top speed in their marketing.  You?

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