piece your marketing data together into big picture glory
DESCRIPTION
Marketing has evolved from an experiment to an integral part of every business. Digital marketing tools are introduced at a fast pace—each giving marketers new ways to reach the right audience, engage with interested prospects and influence them to become profitable customers. This has created massive opportunities but also challenges, as the new marketer is now inundated with rapidly-growing sea of data from all their marketing technology puzzle pieces. Come hear how leaders in this space are changing the game by integrating, analyzing and visualizing marketing data in a single place. In this webinar, we will discuss how companies like CBS Interactive, Jive and Build.com are transforming their marketing initiatives with analytics— enabling every person in the marketing organization to take data-driven actions—every moment of every day.TRANSCRIPT
Piece Your Marketing Data Together into Big Picture Glory with
Birst Marketing Analytics
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Webinar notes
Please send questions using the online interface
Attendees muted upon entry
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Agenda
• Birst Marketing Analytics• Demo• Customer Success Stories• Demo• Q&A
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Featured speakers
Farnaz Erfan
Director, Product Strategy
Birst
Steve Holzgraefe
Solutions Engineer
Birst
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Selected Customers using Birst for Marketing Analytics
Top 5 Brokerage
Firm
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Marketers engage with customers across many channels
Web
Storefront
EventsAds
Communities
Social Media
56%
of all customer interactions happen during a multi-event, multi-channel journey. Source: Mckinsey & Co.
Reps/Partners Products
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Marketing technology landscape
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Navigating the customer journey
Awareness
• Capture: Attention• Reach: Decision Makers• Convey: Business Value
Acquisition
• Educate: Stakeholders
• Nurture: Relationships• Convert: Prospects
Allegiance
• Expand: Footprints• Grow: Deployments• Engage: Communities
AUDIENCES PROSPECTS CUSTOMERS
• Digital Ad Platforms• Search • Web• Mobile• Social Media
• Marketing Automation• Email Targeting• Data Services Platforms
• CRM• Gamification• Customer Experience
Mgm• Communities
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Labor represents the majority of marketing analytics budget
R e v e n u e$1B $500M $50M
$8,610,000 $4,305,000 $430,500
Budget spent the labor part of analytics
Source: Gartner Highlights From Data-Driven Marketing Survey, 2013
“Many organizations see their analytics operations as a bit chaotic, because each task requires a different model to be built or has its own analytics tools.” - Gartner
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81% of organizations have a chief marketing technologist in 2013, up from 70% in 2012
Source: Gartner Digital Marketing Budgets Increase, Reflecting Focus on Customer Experience 2014
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Navigating the customer journey
Awareness
• Capture: Attention• Reach: Decision Makers• Convey: Business Value
Acquisition
• Educate: Stakeholders
• Nurture: Relationships• Convert: Prospects
Allegiance
• Expand: Footprints• Grow: Deployments• Engage: Communities
AUDIENCES PROSPECTS CUSTOMERS
• Digital Ad Platforms• Search • Web• Mobile• Social Media
• Marketing Automation• Email Targeting• Data Services Platforms
• CRM• Gamification• Customer Experience
Mgm• Communities
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Ente
rpri
seD
ata
Tie
rU
ser
Data
Tie
r
Data Warehouse Existing Data Stores Apps + Big Data
User-ready Data Store
AutomatedAnalytics Engine
Business Model and Data Navigator
BI La
yer
Open Client InterfaceEnterprise reporting Predictive analytics Mobile
analyticsInteractive dashboards Visual discovery Design
studio
Unified approach: 2-tier strategy & comprehensive BI
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Native Connectivity to Major Marketing Applications
Birst Marketing Analytics Accelerator
• Google Analytics
• Omniture
• Marketo
• Eloqua
• Salesforce
• NetSuite
• SAP
• …and many more
Birst Marketing Analytics
KPIs – 12Reports – 16Metrics – 60
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Demo
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Customer Success Stories
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Results
• Single place to analyze ad / content performance for 10,000 clients
• Orchestrating a successful $25M private ad network
• Growing pipeline 2.5X
• 10% increase on click rates for clients
• <5 minutes to aggregate 10 million web events
• <15 minutes to deploy changes to data
• <0.5 FTE to manage entire stackWhy Birst?
• Scalability across a large volume of data
• Multi-tenant environment for strict privacy / security
• Platform designed to move from test to prod fast
Challenges
• Analytics on massive data from 10M products, 12,000 manufacturers, 10,000 syndicating partners
• Limited resources, but frequent changes in data
“Daily fresh information and more frequent access to updated data has enabled our customers make better decisions and see the important drivers to their business.”
Kevin Hodgkins, Director of Software
Engineering
Data Sources
2.5X Pipeline Growth
Drive a multi-billion $ business with insights into web clickstreams
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Results
• Understanding usage, frequency and completed activities of trial accounts
• Reduce sales cycles
• Increase deal close rate
• Increase adoption among existing customers / users
• Next: lead to cash optimization
Why Birst?
• Lead-to-cash across Marketo, Salesforce & Netsuite
• Customer focus culture of Birst
“When we looked at the ease with which various BI solutions allow business users to construct, maintain, and add new sources to a data model, Birst blew everything else out of the water.”
Monique Herman,
VP Business Operations
Challenges
• Drive profitability by converting leads / trials faster
• Increase sales rep productivity
• Get faster insights to pipeline than manual reporting
Data Sources Future
Accelerate sales cycles & master lead-to-cash
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Results
• Decrease the cost of customer acquisition by personalizing offers.
• E.g. catalogs mailed to targeted list of recipients rather than to a randomly selected list, resulted in 75% to 80% lift in catalog revenue
• Attribution analysis to reduce the number of marketing touch points (each touch point = $)
“Birst was the first solution where the ease of implementation, ease of importing data and automating the process was better than anyone we looked at so far.”
Brandon Proctor,
VP of Marketing
Challenges
• Analyzing customer browsing behavior and social interactions across 6 web properties that make up Build.com brand
• Identifying most valuable customers
Why Birst?
• Ease of implementation
• Birst commitment to customer success
• Selected Birst over Domo and LogiXMLData Sources
75% Uplift in Catalog Sales
Increase customer life time value & decrease acquisition costs
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Demo
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Q&A
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Learn More• Join us for a Live Demo
– Every Tuesday and Thursday at 11:00 am PT/2:00 pm ET
– Register at www.birst.com/live-demo
• Download the Marketing Analytics Ebook
– www.birst.com/marketing-accelerator
• Contact us– Email: [email protected]
– Phone: (866) 940-1496
– Chat: birst.com
• Download the 2014 Gartner BI Magic Quadrant– www.birst.com/gartner
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Thanks