Kantar 360 Data KAL - 1 - Slides - 15 - March - FINAL

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 8

Curating meaningful data to maximise

the value of every customer


relationship

15 March 2023
Introducing our panel

Ashish Jha Nivedita (Nivi) Mandal Ashley Skilton


Head of Analytics Market Development, Director Consumer Insights & Analytics, Consumer Customer Insights & Transformation Lead
APAC Segment, Europe Sainsbury’s
Kantar The Goodyear Tire & Rubber Company

2
Customer 360: Why is it important?

- Too many choices, finite consumer attention


- Consumer behavior is evolving more rapidly than ever
- Consumers seeking personalization
- Retain your most valuable customers
- A single source of truth for the business
- Allows the business to decide the best route to reach a
customer, reducing wastage and maximizing ROI
- Need to respond to the consumer in real-time
- Offers insights into the future

3
According to Forrester Consulting…
#1 Most important business outcome to achieve through your
organisation’s data strategy & engineering efforts: Ability to scale
consistent, relevant customer engagement and experience
across touchpoints and channels
47% of respondents described
their leading data strategy priority
as: Creating a 360-degree view
of customers that can be Customer analytics germinates in
leveraged across channels and marketing but must be planted as
devices an enterprise imperative.

The deluge of customer data in recent years and impact of the COVID-
The scale and diversity of customer data
19 pandemic have provided customer analytics professionals with the
provides rich new sources of insight that let
opportunity to take center stage on strategic business decisions by
firms engage with customers in new ways.
helping firms adapt quickly to changing customer behaviours.

Evolve your customer analytics from tactical to transformational, Forrester Consulting, July 2022
Connect insights to action with an effective marketing data strategy, Forrester Consulting, July 2022 4
Customer 360
An understanding of WHY people chose versus WHAT they chose builds an understanding of customer
preferences, motivations, and passions

Customer360°

5
Customer 360 uses internal data across line of businesses, products,
channels, transactions & unstructured data along with available internal
survey & 3rd party data - Attitudinal segments
- Product preferences
- Interests
9.Interests/
- Credit history Affinities - Household size
- Weather - Marital status
- Geo spatial location - No of kids
- Affluence 8.Third Party 1.Demographic & - Residence location – metro/suburb
- Digital behavior - Affluence, Wealth, Home Value
Data Life Stage
- Macro economic data

- Total purchases (RFM)


- Grow th in last 12 months
- Share of Wallet
- Overall Satisfaction
- Likelihood to Recommend 7.Custom - Lifetime value
2. Value - Price sensitivity
- Interaction Experience Survey

- Total number of mobile app sessions in last w eek


- No of inbound calls to contact center - Existing customer tenure
- Products of preference
- No of out bound marketing calls in last 30 days
- Average view s per episode - Number of transactions
6. Interactions & 3.Product & - Channel/ Platform (w ebsite, app) of choice
- Average sub-titled view s per episode
- Total Loyalty Points
- Website journey metrics Channels Behavior - Subscription Tier

- Caller Intent
- Caller Discontent
- Total number of campaigns received
- Competitor mention
- Total number of campaigns responded 5. Campaign & 4.Voice & Text - Rating & Review themes
- Type of campaigns Marketing Mined data - Caller Behavior
- Click through/open rates
- Use of Positive keyw ords
- Caller/Agent behavior characteristics

6
Customer 360 enables rapid analytics use case build &
deployment, accelerating time to value from analytics investment

Customer Targeting & Campaign Personalizing and enhancing Prospect Targeting & Campaigns
experience

Cross Sell / Up-sell response propensity by Customer Experience Enhancement - Prospect Prioritization and Targeting Rules for
product or product-channel online(content, landing page, segmented campaigns
multi-variate testing), call center
Customer Micro Segmentation - value, Prospect Segmentation - value, life-stage,
behavior, life stage, lifestyle, needs Web Optimization to reduce non-initiated exit lifestyle, needs, behavior
Product Bundling Social Monitoring across forums and public Multi-Channel Campaign Optimization for
platforms - sentiment, engagement, buzz, visitor
Customer360° Attrition / Retention Propensity complaints, risk
Next Best Offer Models (multiple products and
Next Best Action Rewards Management offers), Offer Optimization
Personalized Loyalty Offer & recommendations A/B testing for Offer-content Personalization Contextual Triggers for campaigns - location,
from partner offer pool behavior, travel, holidays
NPS and Survey Analytics
Event based triggers
Customer Lifetime Value
Customer Lifetime Value

7
Thank you
Register for all the webinars in the Kantar Analytics Live Series
https://www.kantar.com/campaigns/kantar-analytics-live

You might also like