Results

Done Right, Content Marketing is No Swindle

Done Right, Content Marketing is No Swindle

1
 

In my first real marketing role, I felt like a complete fraud. I had stumbled into marketing and strategy while working for IBM and had the good fortune to work with a “startup” (whatever that was) developing a platform for online communities. I was simultaneously a product manager, sales exec, marketing director, tech support and partner manager. I was the only person within IBM who knew anything much about this amazing new technology and it was my job to convince the sales teams that their media, sports and retail clients needed to learn more. The thing was, I had no idea what to do.

I needed a plan.

Each day I would arrive early and trawl the intranet. I’d find templates for presentations and customer pitches, information and technology architecture, marketing plans and branding. It seemed like there was a system to marketing that could be pieced together if I just had the time. But it was IBM. No one had the time.

So I doubled down. I chose to study late and early and put what I learned into practice. I set meetings with sales execs and asked them lots of questions. I listened, followed up and gave them what they needed. Gradually, a strategy came into view. By the time I moved to a new role, I had a mental system for sales enablement. I had a marketing plan. And I knew how the puzzle pieces connected.

Suddenly in a new role for a management consulting firm, I was amazed to learn that there were no fundamentals in place. No messaging. No positioning. No brand consistency. Certainly no aspiration. There wasn’t even a presentation template that could be used. It felt like the brand had stepped out of the 1950s and liked the cut of its own jib.

So I started planning. I needed the sales team on side. I needed the consultants to rethink the way they talked about the brand. And I needed to set an example. Most importantly, I needed to overcome the massive store of legacy collateral that consultants carried around with them. After all, our challenge was growth, and it’s hard to grow when your eye is locked on the past. The solution was staring me in the face – content. Good quality content.

Quality content is a business asset

I realised that if I wanted to get consultants to use my (and by “my” I mean “our”) new branding, case studies, templates and so on, then they needed to be better than what was already available. The presentations needed to be fresher and more direct. The case studies needed to be current and relevant to client needs. And we needed to focus on recognisable talent – CEOs of major clients, CIOs that knew how to bring business and IT together, and CFOs who wanted to prove they had business nous to take the next step.

So again, I started with a plan.

Our research and client interviews yielded vital insights. We needed data. We needed real world business problems. And we needed proof points that reinforced our new, strategic offerings and traditional service lines. So we scheduled interviews and follow-ups. We measured website traffic and downloads. I worked with my team to write dozens of new offering briefs, solution profiles, case studies and one pagers. All of these were on-brand and on-message. Then we briefed the CEO and the Board, sent out internal communications, updated the intranet, shared new templates and tools and launched the new website. We even had new plasma screens installed in the reception area to greet clients, with a customisable message and co-branding.

Pretty soon we realised that we had created a whole new class of business asset. Consultants from across the country started requesting interviews and case studies using our new formula. We produced internal podcasts – or what we now call “podcasts” – as downloadable MP3 files containing the latest news updates, client wins and thought leadership interviews. It was content marketing way before content marketing. And it worked:

  • We improved our revenues
  • We improved our profitability
  • We launched new products and service lines in record time
  • We scored new clients.

Perhaps most importantly, we gained the respect of our colleagues.

Content marketing is old school B2B marketing in a new frock

These days we have better tools and processes. We can create content much faster. We can generate whole infographics not just charts with just a few clicks. Videos can be shot, compiled and edited, uploaded and distributed right on your phone. Checklists, lists and websites can be updated more easily – and marketing automation not only sends emails but tracks, nurtures and sequences a whole customer journey.

Even still, the principles are the same. Content marketing is a lot of work. It takes effort and planning. It’s still B2B marketing, just gussied up in a new frock. But it does the heavy lifting of marketing super effectively. As Sarah Mitchell explains on LinkedIn:

When done well, content marketing turns your marketing expense into a long-term business asset. It’s a highly effective way to attract an audience and build trust with your customers and prospects. It’s less expensive than traditional marketing and advertising methods – a lot less expensive. If decision makers and budget holders think content marketing doesn’t work, they vote for the easy alternative – advertising and traditional marketing. Both are less effective and leave you with no asset from your expenditure.

Sarah also shares some great tips to help you figure out whether your content marketing team (or agency) are delivering the value you need. There’s 25 indicators that help you determine “if a swindle is in play”, but these three are my favourites. Read the full list here.

    1. If you’re buying into content marketing without taking the time to develop a strategy, you’re being swindled
    2. If your content marketing is focused on social media with no plan to convert or move your audience off the social channel, you’re being swindled
    3. If there’s no plan on how to measure your effectiveness, you’re being swindled.

Marketing Transformation Chief Marketing Officer

Adobe Completes Acquisition of comScore Digital Analytix Business

Adobe Completes Acquisition of comScore Digital Analytix Business

Adobe officially closed its acquisition of the technology assets and accounts of the comScore Digital Analytix business.

What this means for you: Adobe and comScore will work together to ensure that the business-critical workflows that Digital Analytix customers rely upon are not disrupted. They welcome all Digital Analytix customers into the Adobe family and will provide clients with the exceptional innovation and customer support.

Enterprise analytics is a strong and strategic focus at Adobe. In just the last few quarters they have shipped hundreds of new analytics capabilities; you can check out some of the most impactful features in the last few releases here. Adobe delivers innovation that is fueling customer insights, driving better decisions and improving business results for organizations in every industry. In the future they are looking to continue to forge ahead and lead the next frontier in analytics — customer intelligence across the enterprise.

What Does the Acquisition Mean? The acquisition expands the Adobe Analytics footprint in the enterprise media and entertainment vertical and strengthens Adobe’s presence in the European market. Adobe also sees potential operating synergies in continuing their development of analytics capabilities for the fast-growing digital video and media space. With the growth of cross-screen content consumption, particularly through over-the-top (OTT) devices, this acquisition allows Adobe to accelerate the delivery of more robust analytics capabilities to this key growth vertical. Adobe will enable media companies to benefit from deep insights into the performance of content across screens. This will allow customers to accurately measure and monetize content across every major IP-connected device, including desktops, smartphones, tablets, game consoles and OTT boxes.

Additionally, this acquisition gives Adobe an expanded customer base in which to introduce their other Adobe Marketing Cloud solutions. To learn more about their current strategy and product offerings, you can go here: adobe.com/analytics. And for additional details about the transaction, you can review these updated FAQs.

The drive for marketing / customer analytics is one of the most important areas a company needs to consider. This acquisition will strengthen what Adobe is offering.

@DrNatalie, VP and Principal Analyst, Constellation Research

Covering Customer-Facing Applications to Drive Better Business Results

Share

Marketing Transformation Chief Marketing Officer

New Research: The ROI of Online Communities

New Research: The ROI of Online Communities

I remember back in 2008-2009 being asked whether social / digital / communities had any business value. To me it was instinctively obvious, but I got that it was not obvious to others. In wanting others to see what I saw, I started down the road of creating ROI models for digital / social / online communities. Now many years later, I am hearing the same question so I revisited the topic in some new research, ROI of Online Cloud Communities. This report goes above and beyond what that early research I did discovered. Screen Shot 2016-01-29 at 12.08.35 PM

I have interviewed at least 100 companies over the years and the stories all have had similar threads. While the actual use case might not have been exactly the same, they all had one similar component. That component? It was that there was a new level of open, honest, genuine and authentic communication. And note, ROI of online communities is NOT limited to customer service. That’s old news.

I remember reading about the predictions in the Cluetrain Manifesto. If you have not read that book, it is a must read. It was written in 1999-2000 time frame. It predicted where we are today in this digital / social / community oriented world. The ROI comes from better communication between all levels of employees, customers, partners – pretty much any stakeholder in a company and it’s customers. Whether B2B or B2C, B2B2C or whatever the business model is, what is true is those companies that are digitally enabled are more successful.

Percentage of Profit Rays BookFrom Ray Wang’s book, Disrupting Digital Business By Ray Wang, the figure about shows it’s clear that digital leaders have more of the overall marketshare and percentage of profits. Why is that? Think about customers talking to companies and giving honest feedback that helps:

  • Improve products and services and even helps the company innovate
  • Reduces unnecessary steps or processes
  • Helps executives understand what the trends are not only with their company but with others and provides that mission critical insight…

In the report, you will find 6 general areas that online communities can contribute to the two things that are very important to business – either reducing costs or increasing revenue. You can download the excerpt and learn more about what I discovered.

Screen Shot 2016-01-29 at 12.06.43 PM

If you have built a community or are a community manager and have seen similar results, I’d love to hear more about them! Maybe even make it into our case study library! (And don’t forget Constellation’s SuperNova Awards for 2016!!) If you’ve done something extraordinary, I’d love to hear about it and include it in my research. There will be info on how to apply to the 2016 SuperNova Awards soon!

May you find yourself building a community — if not now, soon! Those that have can attest to the amazing value it brings to a company. And not just in soft benefits- there are many, many that I put into the ROI model that are tangible, bottom and top-line business benefits.

Download the table of contents and an excerpt of the report here

DOWNLOAD EXCERPT

@DrNatalie Petouhoff, VP and Principal Analyst, Constellation Research

Covering Customer-facing applications and their business results!

 

Next-Generation Customer Experience Chief Customer Officer

10 Tips From The Chief Analytics Officer Forum

10 Tips From The Chief Analytics Officer Forum

Chief analytics officers should be grounded in the business and deeply familiar with customer experience. From there, use more data, test, test, test and make the case for data-driven decisions.

Chief analytics officers are (or should be) just one step away from chief strategy officers.

This was just one of many pearls of wisdom heard at the January 26-27 Chief Analytics Officer Forum in New York. The event was attended by a who’s who gathering of CAOs, chief intelligence officers, analytics directors and aspirants to these roles from companies including American Express, AXA, Charles Schwab, Delta Airlines, Disney, McGraw Hill, the New York Times and State Farm Insurance.

Tips from the Chief Analytics Officer Forum

I attended only the second day of the CAOForum, but I came away with plenty of notes and my own thoughts on these 10 best practices for analytics leaders.

  1. Deeply understand the customer experience to reduce friction. Keynote speaker Joe DeCosmo, CAO at global lender Enova International, said his team reviews customer website and call-center journeys on a regular basis to spot opportunities for improvement. The fix may not involve analytics, but in one instance Enova analysts found that a 50-percent reduction in page-load times led to 2.25-percent conversion-rate increase and a $1.5 million boost in incremental revenue for just one product. The lesson: great models can’t overcome bad processes.
  2. Develop a test-and-learn culture. Amazon, CapitolOne and other leading companies have proven the value of testing. Andy Pulkstenis, director of analytics at State Farm Insurance, said willingness to test has a direct correlation to innovation. He encouraged CAOs to view failed tests as steps toward success. He cited the example of the highly successful product WD-40, which was invented only after the failed tests of water displacement formulas 1 through 39. 
    Most companies never progress beyond A/B or one-factor-at-a-time (OFAT) testing, Pulkstenis said. These techniques are powerful on their own, but State Farm also uses more sophisticated techniques include multivariate testing and multivariate testing with covariate analysis. In one simple A/B test of two direct-mail pieces promoting life insurance to new parents, State Farm found that a plain-text letter generated 45% higher lift than the same message and offer surrounded by baby imagery.
  3. Abstract analytics from applications. In a rush to get to market, Enova built analytic models right into its transactional applications, but that’s not ideal, said DeCosmo. Removing analytics from the apps simplified ongoing analytical tuning and model swapping without disrupting the operational applications. In the bargain, Enova gained cloud-deliverable, real-time analytic services (for scoring, loan approval and more) that the company can now offer to non-competing lenders.
  4. Document your work. How many analytics teams have models named after analysts that left the company years earlier? Or how often do you discover that you recreated work that was part of a previous project you didn’t know about? There were plenty of knowing smiles in the audience when DeCosmo posed these questions. To avoid do-over scenarios, DeCosmo advised teams to thoroughly document their work – analytical and otherwise. It’s a step that takes time and effort, but it pays dividends many times over as you can reuse IP, refine past work and avoid repeating mistakes.
  5. Focus on “decision-time” analytics. Real-time and streaming analytics are getting lots of attention, but keep the real decision time in mind, advised Bill Franks, CAO at Teradata. The IRS, for example, doesn’t worry about real-time because it has weeks to detect fraud before it cuts refund checks. Conversely, one bank found it had to rethink overnight-batch updates when analysis revealed that three customer contacts in short succession about a single issue, like a bank fee, signal a high likelihood to churn. So if a customer’s Web query is followed by a phone call and, later that day, a branch visit, the branch manager can’t be warned to save the account if customer-service records don’t get inter-day updates.
  6. Move from artisanal to automated. The science of analytics is moving into its industrial age, said Franks of Teradata, with automated options for choosing algorithms. The software-based, automated approaches may not yield a perfect model, but they’re probably good enough. “The point is to maximize the aggregate impact, not optimize every decision,” said Franks.
  7. It’s not man versus machine; think man plus machine. Be open to new tools and technologies, but keep in mind that machines need human reality checks, advised Gina Papush, chief analytics and data officer at insurer QBE North America. “You sometimes have to override the model based on your own business knowledge or feedback from the business,” she said. Fellow panelists chimed in with many examples of machines turning out bad results that business-savvy analysts spotted right away. Undoubtedly necessary business rules and data inputs were lacking, but machines don’t know the difference.
  8. Use more data to drive a deeper customer relationship. It’s always better to have more data and more data sources. DeCosmo of Enova said his firm added opt-in use of customer bank records to refine offers and give customers better terms. Samih Fadli, chief intelligence officer at digital agency Razorfish, encouraged attendees to enrich their first-party data to resolve to unique IDs, using third-party data and tracking of device IDs and Web cookies.
  9. Be one step away from chief strategy officer. Firms start using analytics tactically, and many organization are maturing to use analytics enterprisewide. To take it level deeper, DeCosmo encouraged fellow CAOs to “put analytics at the heard of everything you do.” The aspirational goal of the analytics team at QBE, said Papush, is not just to be part of the practice, but central to the practice of identifying strategic opportunities.
  10. Start with the top-five imperatives. Boiling down this advice to the basics, I’d say the imperatives for analytics leaders are to know the business, know the customer experience, use more data and test, test, test to get to superior results. Finally, and most importantly, the real challenge for analytics leaders is to sell the power of data-driven insights within the organization. “You can use the data, but you can’t hide behind it,” observed Anthony Canitano, general manager of advanced analytics at Delta Airlines. “You have to understand context of how the data can be applied in each area of the business.”


Data to Decisions Chief Customer Officer Chief Information Officer Chief Marketing Officer Chief Digital Officer

Event Report: A New Platform For The Digital Economy #Davos16 #WEF

Event Report: A New Platform For The Digital Economy #Davos16 #WEF

The Future of Digital Platforms Drive New Economies

While the regulatory pressures have not subsided for the financial sector, concerns mount legacy financial and insurance providers as fin tech startups disrupt the existing landscape.   The transformation of finance panel included insights from one mature disruptor among the panelists of traditional financial services providers (see Figure 1):

Figure 1. A New Platform For The Digital Economy

World Economic Forum Digital Economy

  • Jonathan Zittrain, Professor of Law and Professor of Computer Science of Harvard University
  • Nathan Blecharczyk, Co-founder and CTO of Airbnb, Inc.
  • Pierre Nanterme, Chairman and CEO of Accenture
  • Chuck Robbins, CEO of Cisco
  • Arun Sundararajan, Professor of Business, Rosen Faculty Fellow of New York University
  • Susan Wojcicki, CEO of YouTube, Inc.

Key takeaways from the panel include:

  1. Platforms enable democratization of digital access and content creation.  The growth of common technology platforms have emerge to facilitate the value exchange of content through networks among individuals and machines.
  2. Network effect drives platform adoption.   Nathan Blecharczyk shared how the new P2P models create a viral adoption and network effect by driving demand and fulfilling supply.  The platform enables any individual to use the services to deliver a room night.
  3. Community engagement powered by trust and authenticity. Trust and authenticity by each platform member play a key role in ensuring fidelity of the network.
  4. No longer B2B nor B2C, but P2P.  A blurring of business and consumer roles is inevitable.  Understanding context by role will be key to personalization of digital services
  5. Market will set standards instead of regulators. Platforms will adopt to member needs and requirements.  Unowned platforms such as the internet and the block chain will also play in the same market as member driven platforms such as SWIFT to owned platforms by governments and corporations.  However, the evolution of these platforms must come from the market and its members to succeed.

The Bottom Line: Digital Platforms Drive Democratization Of Digital And Provide Significant Opportunities For Individuals And Organizations

New model of organizing economic activity.  Somewhere between a firm and an individual.  The new winners of the digital era have built business models that aggregate components of network economies.  The three distinct components of the network economy include:

  1. Content (value):  whether a product, service, experience, outcome, or business model, the content is the value.  How that content’s value is exchanged is the core tenet of the business model.
  2. Network (sourcing and distribution):  how the content is sourced and distributed is the foundation of the network.  The network is only as strong as the content and the enablers.
  3. Arms dealer (enablers):  the technologies and enablers to reduce friction between content and network or improve the experience between content and network is the mission of the arms dealer.

Most organizations choose one of these components as the primary business models and partner with the others to create a network economy.  However over time, organizations realize they need to build business models that include two or even all three of these components.

In fact, successful winners of the digital era have created an asymmetrical advantage by taking over all three components.  For example, in the consumer world, four companies have the ability to deliver on these network economy: Apple, Amazon, Google, and Microsoft.  These companies have the content, the network, and the arms dealer capabilities to trade on trust and identity.  These are the new components of the digital monopolies.  Those who deliver on network economies will win when they open up their platforms for co-innovaiton and co-creation.

Your POV.

Where do you see the future of jobs?  Should we aim for decreasing populations to improve quality per capita? What are your questions from the report?

Add your comments to the blog or reach me via email: R (at) ConstellationR (dot) com or R (at) SoftwareInsider (dot) org.

Please let us know if you need help with your Digital Business transformation efforts. Here’s how we can assist:

  • Developing your digital business strategy
  • Connecting with other pioneers
  • Sharing best practices
  • Vendor selection
  • Implementation partner selection
  • Providing contract negotiations and software licensing support
  • Demystifying software licensing

Reprints

Reprints can be purchased through Constellation Research, Inc. To request official reprints in PDF format, please contact Sales .

Disclosure

Although we work closely with many mega software vendors, we want you to trust us. For the full disclosure policy,stay tuned for the full client list on the Constellation Research website.

* Not responsible for any factual errors or omissions.  However, happy to correct any errors upon email receipt.

Copyright © 2001 -2016 R Wang and Insider Associates, LLC All rights reserved.
Contact the Sales team to purchase this report on a a la carte basis or join the Constellation Customer Experience

The post Event Report: A New Platform For The Digital Economy #Davos16 #WEF appeared first on A Software Insider's Point of View.

Next-Generation Customer Experience Data to Decisions Digital Safety, Privacy & Cybersecurity Distillation Aftershots Tech Optimization Innovation & Product-led Growth Revenue & Growth Effectiveness New C-Suite Future of Work World Economic Forum Event Report SoftwareInsider Leadership Innovation AI ML Machine Learning LLMs Agentic AI Generative AI Analytics Automation B2B B2C CX EX Employee Experience HR HCM business Marketing SaaS PaaS IaaS Supply Chain Growth Cloud Digital Transformation Disruptive Technology eCommerce Enterprise IT Enterprise Acceleration Enterprise Software Next Gen Apps IoT Blockchain CRM ERP finance Customer Service Content Management Collaboration M&A Enterprise Service Metaverse developer Quantum Computing Social Healthcare VR CCaaS UCaaS Executive Events Chief Customer Officer Chief Information Officer Chief Technology Officer Chief Digital Officer Chief Data Officer Chief Analytics Officer Chief Information Security Officer Chief Executive Officer Chief Operating Officer Chief Experience Officer

Event Report: The Transformation of Finance #Davos16 #WEF

Event Report: The Transformation of Finance #Davos16 #WEF

The Shift From Apologetic Regulatory To A FinTech Transformation

While the regulatory pressures have not subsided for the financial sector, concerns mount legacy financial and insurance providers as fin tech startups disrupt the existing landscape.   The transformation of finance panel included insights from one mature disruptor among the panelists of traditional financial services providers (see Figure 1):

Figure 1. The Transformation Of Finance Panel

World Economic Forum Fintech

  • John Cryan, Co-CEO, Deutsche Bank AG
  • James P. Gorman, Chairman and CEO of Morgan Stanley
  • Tom de Swaan, Chairman of the Board and Group CEO ad Interim of Zurich Insurance Group
  • Christine LaGarde, Managing Director of the International Monetary Fund
  • Dan Schulman, CEO of Paypal Inc.
  • Gillian R. Tett, Managing Editor in the US of Financial Times

Key takeaways from the panel include:

  1. Fintech startups will continue to drive innovation.   Traditional institutions must learn to embrace the innovation or face stiff disruption.  The goal should be to embrace the innovation to win and no just take a defensive stance.
  2. Block chain tech is nascent but has huge potential.  While the amount in crypto currencies is at $7B US dollars, this represents a fraction of the $12T of US dollars in the overall money supply (M2).  Block chain tech will emerge to encompass more than just payments and incorporate digital identity, orchestration, and security.
  3. Financial service firms still fighting the regulatory requirements war. Regulatory environments around the world remain overbearing.  Regulatory environments will dictate how banks behave and the amount of profits achieved.
  4. Panelists feel cash will be history in 10 years.  Bankers see cash as inefficient and untraceable.  Consumers will have to fight hard to ensure that an anonymous payment mechanism remains or face a trespass of privacy despite the digitization of money.
  5. Financial services institutions hoping to remove as much human interaction as possible.  Machine learning and artificial intelligence will play a role in automating human interactions.  Financial services firms seek a reduction in labor force while augmenting human decisions for those that remain.

The Bottom Line: Business Models Will Change As Legacy Institutions Face Challenges From New Disruptive Technologies

Despite the huge regulatory burden since the Lehman Brothers crisis, the financial services market shows signs of optimization among the innovations emerging from fintech startups.   The combination of IOT, robotics, artificial intelligence, and block chain tech provide the foundation for the next transformation in finance. (see Figure 2).  As digitization continues, expect the greatest changes to come from a shift in how regulators will approach innovations.  Sandboxes and consumer led disruptions may ultimately influence regulators.

Figure 2. Constellation’s 2016 Disruptive Technologies

Disruptive Technologies 2016

Your POV.

Where do you see the future of jobs?  Should we aim for decreasing populations to improve quality per capita? What are your questions from the report?

Add your comments to the blog or reach me via email: R (at) ConstellationR (dot) com or R (at) SoftwareInsider (dot) org.

Please let us know if you need help with your Digital Business transformation efforts. Here’s how we can assist:

  • Developing your digital business strategy
  • Connecting with other pioneers
  • Sharing best practices
  • Vendor selection
  • Implementation partner selection
  • Providing contract negotiations and software licensing support
  • Demystifying software licensing

 

Reprints

Reprints can be purchased through Constellation Research, Inc. To request official reprints in PDF format, please contact Sales .

Disclosure

Although we work closely with many mega software vendors, we want you to trust us. For the full disclosure policy,stay tuned for the full client list on the Constellation Research website.

* Not responsible for any factual errors or omissions.  However, happy to correct any errors upon email receipt.

Copyright © 2001 -2016 R Wang and Insider Associates, LLC All rights reserved.
Contact the Sales team to purchase this report on a a la carte basis or join the Constellation Customer Experience

The post Event Report: The Transformation of Finance #Davos16 #WEF appeared first on A Software Insider's Point of View.

Matrix Commerce Next-Generation Customer Experience Data to Decisions Digital Safety, Privacy & Cybersecurity Distillation Aftershots Tech Optimization Innovation & Product-led Growth Revenue & Growth Effectiveness New C-Suite Future of Work World Economic Forum Event Report SoftwareInsider Leadership Innovation AI ML Machine Learning LLMs Agentic AI Generative AI Analytics Automation B2B B2C CX EX Employee Experience HR HCM business Marketing SaaS PaaS IaaS Supply Chain Growth Cloud Digital Transformation Disruptive Technology eCommerce Enterprise IT Enterprise Acceleration Enterprise Software Next Gen Apps IoT Blockchain CRM ERP finance Customer Service Content Management Collaboration M&A Enterprise Service Metaverse developer Quantum Computing Social Healthcare VR CCaaS UCaaS Executive Events Chief Customer Officer Chief Information Officer Chief Technology Officer Chief Digital Officer Chief Data Officer Chief Analytics Officer Chief Information Security Officer Chief Executive Officer Chief Operating Officer Chief Experience Officer

HighQ Raises $50M To Continue Growth In Social Business Market

HighQ Raises $50M To Continue Growth In Social Business Market

There was some big news today in the highly competitive enterprise social business market. By big, I mean $50 million big: 
HighQ completes $50 million growth financing round from One Peak Partners, Morgan Stanley Merchant Banking and Goldman Sachs Private Capital

You may not be familiar with London, UK based HighQ, but they are a leading vendor of collaboration software in the legal and financial services industries. With the money from today's funding round, they hope to expand their presence in North America and into several other industries.

Some of the strengths of the HighQ are:

  • Seamless integration of social networking, content creation (blogs and wikis), tasks, events and file sharing
  • Extremely granular permissions/security model including viewing, editing, printing, saving, even watermarking
  • iSheets, which is an online spreadsheet/database tool that enables people to easily create applications with structured, or organized data. So rather than just putting information into a document or wiki, you can create records, sort, filter, run reports, etc.
  • Very clean, modern design
  • Private messaging/chat

Areas I'd like to see HighQ improve:

  • Real time communication, including video chats/conferences and screensharing
  • Analytics to help both users and administrations gain insight into the content and conversations
  • Developer ecosystem for business add-ons and extensions
  • Deeper enterprise software integrations with products like Microsoft Office, Salesforce, ZenDesk, Workday, etc. 

To get a quick overview of one of their three products, HighQ Collaborate watch the following video. 

 

By the way all vendors should take note, this is how a product video should be done. It explains a problem and how HighQ solves it, shows the actual product (not just a fake animation), and it is just a few minutes long.  Well done.

 

HighQ is a Constellation Research customer. I look forward to continuing to advise them as they improve their platform and expand their customer base.  Congratulations on today's news, it is well deserved.

 

 

 

 

Future of Work Marketing Transformation Next-Generation Customer Experience Revenue & Growth Effectiveness Data to Decisions Innovation & Product-led Growth New C-Suite Tech Optimization Chief Marketing Officer Chief People Officer Chief Revenue Officer Chief Experience Officer

Why Customers Get Frustrated and What You Can Do About It

Why Customers Get Frustrated and What You Can Do About It

Even though there is must talk about customer excellence in customer experience, many companies, according to customers don’t hit the mark. Intelliresponse identified 5 things brands need to do to make customer experience work. Here they are:

Screen Shot 2016-01-13 at 8.56.14 AM
Why? 87% of customers believe brands need to put more effort into seamless experiences.

Screen Shot 2016-01-13 at 8.59.23 AM

89% of customers get frustrated having to repeat when they called in and all the information about why they are calling.

Screen Shot 2016-01-13 at 9.00.51 AM

77% of strong omnichannel companies use data across customer channels, compared to 48% who do a poor job of using data across customer channels.

Screen Shot 2016-01-13 at 9.02.57 AM

 Customer say customer agent fail to answer questions 50% of the time.

Screen Shot 2016-01-13 at 9.04.13 AM

70% of customers would prefer to use a companies website if the self-service delivered on the promise and they could get their answers (Rather that using the phone or email.)

So as you can see, there’s a big difference between what customers think and brands think they are providing. What can close that gap? It’s really about putting customer experience at the top of the corporate priority list. CEO’s are you listening? It’s not Customer Service’s job any more! It’s everyone job to think like this. What will it take. A whole lot of change. The number one thing companies are competing is customer experience. Period. You are a customer. Think about it. When you have a bad experience, what does it feel like? What do you feel about the company after that? Do you tell your friends what an awful experience it was? Word of mouth matters. Zaps built a billion dollar business on word of mouth and great customer experiences. Just do it.

@Drnatalie, VP and Principal Analyst, Constellation Research

Covering Customer-facing Customer Experience Capabilities – People, Process and Technology

Next-Generation Customer Experience Chief Customer Officer

IOT; Creating Innovative Business Apps And capturing business requirements for Technology Deployments

IOT; Creating Innovative Business Apps And capturing business requirements for Technology Deployments

The first stage in any technology build and deploy project is to capture a well-structured business requirement to work from. The more innovative, and the higher the business value, the more difficult this becomes. Finding common ground between business and technology in respect of IoT based Smart Services deployments is particularly challenging.

When business values and technology capabilities are new and truly innovative market-disrupting moves are being sought then finding a method to focus ideas, capture and translate into technology requirements is difficult.

Many enterprises have been searching for methods to develop innovative ideas as the pressure for new revenues from Digital and Services products intensifies. Anyone who has taken part in such exercises will testify placing people in a room with the instruction to look for innovation does not guaranteed a World beating outcome. The normal result will be some good outcomes that increase the competitiveness, or effectiveness of current positioning.

A previous post on IoT deployments suggested obtaining focus by concentrating in turn on possibilities to Improve, Innovate, Partner or Disrupt. This blog post is concerned with creating and capturing prospective innovative business ideas for Improve and Innovate. The planned follow on blog post will examine how to achieve the more complex market impacts that Partner or Disrupt can provide.

Improve is always an easier option as the possible challenges to address are usually recognizable. In many cases IoT is needed to do little more than provide increased data on previously untracked aspects. New ideas to improve an existing capability should mean that an experienced business team will quickly be able to identify options to pursue. In this case the challenge will be to capture the options for a technology feasibility study.

To Innovate is always tough as, by definition, it means radically different activities from existing actions, therefore usually outside the direct experience of participants. In a workshop this challenges the basic knowledge and experience available to come up with innovative business valuable offerings. The degree to which this can challenge the accepted wisdom was the topic in the blog on Smart Cities and local government management.

The use of tools, or methods, that create, or drive the refinement, of Innovative ideas is an important aide. The recent blog post entitled executive summary of IoT functionality introduced some important elements that are common to IoT solutions, and can act as a focusing mechanism for developing ideas. The concept of three time frames, and four attributes, is a key principle in defining an IoT Smart Services Solution, but can equally be used to assist innovation creation and business requirement capture. This blog will not repeat the details of the Three by Four reference model again, but will add an example of mapping Uber to the model.

A three x four model provides up to 12 functionality points of definition for an IoT Smart Service. Said this way it seems to increase complications, but laid out in the table below as a worksheet it makes the point simply.

This worksheet can be used in two different ways; firstly to capture an idea for an IoT Smart Service, and then break down the idea into distinct requirements; Alternatively to populate boxes with recognizable existing enterprise, or market place capabilities, with the goal of stimulating ideas by reference to existing capabilities.

Innovative thinking is always difficult to ‘spark’ so a focusing method is important. Resulting Smart Services are usually easy to define in terms of the Business Proposition and value delivered, but notoriously difficult to define in terms of what Business Assets are required to make the idea possible.

The Constellation Research Report Implementing a Business Workshop on the Internet of Things how to develop and execute IoT focused workshops for researching market competition, defining enterprise resources, and to create strategic milestones for building a market disruption. The following is two snap shots examples rather than full explanations.

Without the rest of the report giving the broader context and explanation as well as significant material to build up the level of understanding this may be difficult to follow.  The intent is merely to illustrate that there are methods to focus thinking and develop truly innovative Smart Services using the full capabilities of IoT.

IoT based Smart Services use an entirely new set of technology capabilities that the World Economic Forum annual Davos meeting will debate, together with other issues, under the heading of the ‘The Fourth Industrial Age’.

Finding ways for your Enterprise to understand and re compete against new competitors in new markets makes developing tools and methods for an essential target for 2016.

Two Outline Examples

Outline example 1; Requirement to Improve;

Adding factory floor progress data to provide faster updates to an Enterprise Production Planning Application. Method; Populate the four headings in Transaction Time with the details of the Enterprise Production Planning Application and now consider if this requires quasi real time, or near time updating as an IoT requirement, before deciding exactly what is required under each of the four headings to provide the required inputs.

Outline example 2; Requirement to Innovate

By creating a new Smart Service. Method; Decide if the Smart Service is Quasi Real Time, or Near Time, then populate the four boxes with the necessary business functionalities required. It might sound complicated so perhaps using Uber Taxi Smart Service to illustrate might be helpful. Note there is no requirement for Quasi Real Time in this Smart Service Example

Media Name: Slide1.jpg
New C-Suite

Reputation Even Over a Resume: Why Personal Branding Matters in 2016

Reputation Even Over a Resume: Why Personal Branding Matters in 2016

1
 

Take a moment to look back over your career. Even if you are “new” to the workforce, you’re likely to see a hotchpotch of connected experiences. There will be paid and unpaid work, some volunteering maybe. You’ll have passion projects that took weeks or months of your time – like the time you decided to build your sister’s website to save her money, only to find that after it’s all up and working, she took a new job and was no longer interested in “going freelance”. There may even be whole folders of documents filled with words that one day will become your great business, breakthrough book.

Now, take a look at your LinkedIn profile and ask yourself – what’s the story it tells?

I have been saying this for years – but it’s a fact that grows stronger over time. Your resume is as dead as the tree it is written on.

In 2016, you are what you publish.

LinkedIn as an inbound channel for your personal brand

I used to think of LinkedIn as a place of business, connection and social selling. It was a vastly under-utilised space where a strong profile and a good network would help you stand out from the crowd. But a crowd it certainly is. It is the place where careers and connections collide.

In short, LinkedIn has become the “internet of careers” – the internet that we look at when we are looking to find a job, an employee or a customer.

But these days, LinkedIn has a broader agenda, transforming from a massive database of resumes to a business publishing platform and a social selling engine.  Every person with a profile can publish their thoughts, ideas and status updates just like Facebook. Or Twitter. Or Google’s Blogspot (remember that?!). And with the opening up of the LinkedIn Pulse publishing platform, there has literally been an explosion of content – some of it written by individuals and some of it written by ghost bloggers. Some is pure PR spin. Some is heartfelt and personal. There are even birthday notifications (as a side note, I find this mildly disconcerting).

And while this has made it more difficult for the average person to attract and engage potential business collaborators, clients or employers, there is still a great opportunity to use LinkedIn as an inbound channel for your personal brand. What does this look like?

  • Share the message, own the destination: Ever noticed how everyone’s profile on LinkedIn looks the same? Makes it hard to stand out, right? Like all good strategy, I suggest you share the message – post your insights, presentations, speeches and updates on LinkedIn by all means, but own the destination – have a website or a portfolio that keeps track of all you do. Use that destination to more fully contextualise your work, purpose and outcomes. I use gavinheaton.com as a catch-all for my activities and ServantOfChaos.com as a showcase. DisruptorsHandbook.com focuses marketing-led innovation and practical strategy. And everything that is posted on one of these sites is cross-posted to LinkedIn.
  • Treat your LinkedIn summary like an elevator pitch: Can you describe your job, best projects and outcomes in 30 seconds? Rather than writing a career summary for your LinkedIn profile, write a summary of how you can help clients, employers and business partners. Make it less about you and more about the value you create.
  • Write case studies on your best projects: Sure LinkedIn’s publishing platform is a hot mess of content, but every time you publish an article, it reaches into the feeds of your network. That means that people you know, or would like to know, are learning more about you. So give your networks something worth reading – warts and all case studies of the projects you’ve worked on. Include the passion projects, the skunkworks and even elements of your day job that is reasonable to share. Showcase not just the results, but the workings of how you delivered value. Connect the dots, tell the story and bring the dull parts to life with anecdotes, quotes and images.
  • Treat yourself like your #1 client: Imagine you are writing a brief for a client – except that client is you. Determine your value proposition, key message and proof points. Put your best storytelling foot forward and explain just why you are the best person for the job/project/collaboration. Just remember, it’s hard work. Keep refining your message. Get feedback. Listen honestly and always seek to improve.

For more great ideas on building your personal brand, take a look through this presentation from Leslie Bradshaw. It’s chock full of practical suggestions that can help you shift from being a “thought leader” to a “do leader”. And in a world where you are what you publish, it’s not about the what you say, it’s all about who believes it.