The Future of Enterprise Analytics

Over the last couple weeks since the 2016 Hadoop Summit in San Jose, eSage Group has been discussing the future of big data and enterprise analytics.  Quick note – Data is data and data is produced by everything, thus big data is really no longer an important term.

hspeopleeSage Group is specifically focused on the tidal wave of sales and marketing data that is being collected across all channels, to name a few:

  • Websites – Cross multiple sites, Clicks, Pathing, Unstructured web logs, Blogs
  • SEO –  Search Engine, Keywords, Placement, URL Structure, Website Optimization
  • Digital Advertising – Format, Placement, Size, Network
  • Social
    • Facebook – Multiple pages, Format (Video, Picture, GIF), Likes (now with emojis), Comments, Shares, Events, Promoted, Platform (mobile, tablet, PC) and now Facebook Live
    • Instagram – Picture vs Video, Follows, Likes, Comments, Reposts (via 3rd Party apps), LiketoKnow.it, Hashtags, Platform
    • Twitter – Likes, RT, Quoted RT, Promoted, Hashtags, Platform
    • SnapChat – Follows, Unique views, Story completions, Screenshots.  SnapChat to say the least is still the wild west as to what brands can do to engage and ultimately drive behavior.

Then we have Off-Line (Print, TV, Events,  etc). Partners. 3rd Party DataDon’t get me started on International Data. 

Tired yet?

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While sales and marketing organizations see the value of analytics, they are hindered by what is accessible from the agencies they work with and by the difficulty of accessing internal siloed data stored across functions within the marketing organization – this includes central corporate marketing, divisional/product groups, field marketing, product planning, market research and operations.

Marketers are hindered by access to the data and the simple issue of not knowing what data is being collected.  Wherever the data lies, it is often controlled by a few select people that service the marketers and don’t necessary know the value of the data they have collected.  Self-service and exploration is not possible yet.

Layer on top this the fact that agile marketing campaigns require real-time data (at least close real time) and accurate attribution/predictive analytics.

So, you can see there are a lot of challenges that face a marketing team, let alone the deployment of an enterprise analytics platform that can service the whole organization.

Now that I have outlined the business challenges, let’s look at what technologies were mentioned at the 2016 Hadoop Summit that are being developed to solve some of these issues.

  • Cloud, cloud, cloud– lots of data can be sent up, then actively used or sent to cold storage on or off prem.  All the big guys have the “best” cloud platform
  • Security – divisional and function roles, organization position, workflow
  • Self-Service tools – ease of data exploration, visualization, costs
  • Machine Learning and other predictive tools
  • Spark
  • Better technical tools to work with Hadoop, other analytics tools and data stores
  • And much more!  

Next post, we will focus on the technical challenges and tools that the eSage Group team is excited about.

Cheers! Tina

 

 

 

Get Marketing Insights Fast Without a Data Hostage Crisis

shutterstock_210349615The landscape for marketing analytics solutions is more cluttered than ever with multiple options and approaches for marketing departments to consider.  One option that we are seeing more and more of is a seductive offering that promises a simple, fast, nearly turnkey approach to getting analysis and insight from your growing stacks of data.  The offer is this: a vendor will import your data to their systems, do analysis on it with their in-house experts, and come back to you with insights that will help you run your business better.

No doubt, this is an attractive offer if you are like many marketing organizations, struggling to get internal resources to help consolidate data and do the analysis required to get you the insights you need.   Business Intelligence resources are hard to find in your company, the data holders in IT are backlogged and short staffed.  You need insights now to help engage and sell to your customers and are done waiting on internal resources so why not go this route?  While likely a quick, tactical solution that will get you answers in the near term, there are several major drawbacks to this solution as a longer term strategy.

Market leading organizations know that their data is a significant asset that, when used well, can help them better understand and engage their customers, anticipate customer needs, cross sell, upsell, and stay ahead of the competition. As part of making data a core competency, your organization has to do the hard work to intimately know its data, its strengths, its shortcomings, and understand what it can tell you about your business.  That intimate understanding of data only comes from digging in, “doing the homework,” investing in the infrastructure and skillsets to excel at business intelligence inside the organization.  Organizations that have this kind of understanding of their data are continually improving the quality of data in their organization and building the kind of sustainable internal BI capability that actually adds significantly to the value and sustainability of the company.  C-suite, take note!

If you outsource that knowledge, you may get the answers you seek fast, but you do not get the sustainable, growing capability in-house that becomes a core differentiator for your company and helps you lead the market. datahostagecalloutI’m amazed when I hear this but it is very common practice. What if your vendor company goes out of business, gets acquired, changes business models or you decide to change vendors?  Your vendor is holding your data hostage.  What are you left with then?  All the money you spent bought you yesterday’s insights but you have no investment or capability towards the future.   Your team has none of the knowledge or infrastructure to sustain and continue to grow that flow of business intelligence that is critical to serving your customers and staying ahead of your competition.   You are back to zero.

Fair enough you say, but damn it, I still need insights now and I can’t wait any longer.  Tactical and non-sustainable is better than nothing right?  Well consider that it doesn’t have to be an “all or nothing” approach.  There is a way to get fast and sustainable.  You can start with a partner who gets you to the critical insights you need now, but is doing it on your systems, building out infrastructure you own (be it in the cloud on your behalf or on premises), and is helping mentor your team members along the way.  You may spend a little more along the way to do this, but in this approach you are investing, not just paying a monthly fee with no incremental addition of value to your company.  Very quickly you will be way ahead.

If the vendor you pick, in this case, goes out of business, moves on, or you decide to part ways, there may be some short term pain, but you own the assets, data, and business logic they built and you have team members who have been working directly with the technology and data, “doing the homework”, and can keep you moving forward.  Nobody has your data held hostage.

The right choice for a vendor should:

  • Have deep experience utilizing the cloud to get you up and running fast, with limited need for hardware purchase and support.  The cloud is great but make sure it is your, cloud, not someone else’s.
  • Work with you to understand your unique needs, data, internal team skills and challenges, and creates a roadmap to Business Intelligence ROI internally.
  • Provide all the senior BI talent you need now to get answers fast, but also help you grow that skill in house, with training, new employee interviewing and ongoing mentoring.  They need to have a demonstrated understanding that knowledge transition to your team is part of the deliverable and be committed to providing it.

Pick a partner who can help you avoid having your data taken hostage, while getting you the insights and ROI you need fast!

Written by Duane Bedard, eSage Group President and Co-Founder

 

 

Executive Evening Out with eSage Group and Microsoft

On March 10th, eSage Group held its first Executive Evening Out at the exclusive Rainier Club in Downtown Seattle.  The event was sponsored by Microsoft Advanced Analytics.

15 Seattle area executives, from the likes of Starbucks, Trupanion, Allrecipes, Alaska Air, Disney and their guests joined us for a short presentation by Shish Shridhar, Worldwide Director for Business Intelligence Solutions – Retail for Microsoft, then sat down to a 5 course meal with wine pairings presented by The Rainier Club sommelier.

Microsoft has a powerful offering, from Azure Machine Learning, Cortana Analytics Suite, SQL 2016 and PowerBI. It was definitely a learning experience along with a wonderful meal and wines.

 

A Year in Review – LA and Seattle MeetUps

It was quite a year for both the LA and Seattle Marketing Analytic MeetUps! We had terrific speakers share on current topics! In LA, we had Nevious Osborne of Beats by Dre talking effective dashboards, Peter Taylor of Belkin talking IoT analytics and Punnoose Isaac of Edmunds.com talking on how to build an analytics infrastructure, just to name a few!  Check out the full list here.

Not to be outdone, Seattle had Jeremy Boore of Expedia talk Storytelling and Analytics, Chris Proser of Adobe talk about going beyond A/B testing, Kyle Wieranga of Costco talk on moving from Predictive to Prescriptive Analytics, Shish Shirdar from Microsoft talk Machine Learning, and Ed Mabanglo from Nordstrom talk time-to-event analysis to measure customer tenure. Check out the full list here.

2016 is proving to be great with Tania Massad from Mattel presenting in LA and Brian Behuin from Alaska Air presenting in Seattle.

Make sure to become a member for the Seattle and/or LA Marketing Analytic MeetUps to receive notices of upcoming events!

 

 

 

What is the Internet of Things? Why should marketers care? RSVP Now to find out!

Internet of ThingsPlease join us in this lively evening event sponsored and organized by eSage Group with co-sponsors Pointmarc and Cloudera. Hear a panel of industry experts from the areas of Wearables, Home Security/Automation, and Automotive:

Duane Bedard from eSage Group, a thought leader in the marketing analytics space, will moderate a discussion delving into the Internet of Things, where are we today, what the future holds and how marketers can best be prepared to take advantage of it to improve effectiveness of marketing campaigns and develop new revenue streams.

The Learning Lounge is presented with PSAMA and DAA.

Details:

When: May 15, 2014 Time: 6:00pm – 9:00pm
Where: Club Sur 2109 First Avenue South SODO, just south of the Starbucks Center
Cost: $25 includes beverages (alcoholic and non) and appetizers Parking is free and readily available after 6pm on First and side streets.

RSVP Now IoT

 Check out the cool digs!

SUR Montage

DONT MISS IT!

 

Just announced! eSage Group’s Internet of Things Learning Lounge – May 15th

iot3A First-Hand Conversation on the Internet of Things

The Internet of Things will profoundly re-shape marketing. As objects in all corners of our lives become connected to the web what does it mean for brands and customers? To help provide insight, and a lively discussion, eSage Group and PSAMA has arranged a premium collection of senior-level thinkers from some of the area’s strongest brands, all together on one panel.

See first-hand how Alaska Airlines is evolving air travel, how Vivint is revolutionizing digital homes and how Nike continues to be an innovator in wearables all through understanding the opportunities from the Internet of Things.

Learning Lounge: An All-New Event Format

At the Learning Lounge, Seattle Marketing Analytics Group, PSAMA members, and non-members alike are invited to join together for an evening at SUR, one of Seattle’s most talked-about venues. Enjoy food and drink (ticket prices includes cocktails and light hors d’oeuvres) while learning from some of the Northwest’s most innovative brands how the Internet of Things is starting to re-shape marketing.

Expert Panel:

Details:

Date: May 15th, 21014

Location: Club SUR, SODO, 2901 1st Avenue S

Time: 6pm

Tickets are $25 for all Seattle Marketing Analytics Group members!

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Register here!

Special Thanks to our co-sponsors!

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The Learning Lounge is replacing the normal monthly MeetUp at Fado’s for the month of May. We will return to normal in June. 

If folks like it, The Learning Lounge will hopefully become a quarterly (or so) event.

Seattle Marketing Analytics MeetUp WrapUp!

Daniel Kissin presenting
Seattle Marketing Analytics MeetUp

Last night, eSage Group sponsored its 4th Seattle Marketing Analytics Group MeetUp. This month’s presenter was Daniel Kissin, Sr. Analytics Manager at Expedia. The topic was:

How to scientifically measure impact of TV advertisements on other channels, like websites, SEM and Online ads (or so-called ‘halo’ effect).

Definitely a HOT topic for marketing these days!!

It was a great turn out with lots of good dialog around marketing analytics. Also, it was a fun learning environment with good food and beer!

Next month, November 19th, Tableau Software is going to be presenting on data visualization. Make sure to join the MeetUp to register and get updates. It is free!!!

Also, we are starting a Marketing Analytics MeetUp in LA! It is on November 5th. Check it out if you live down there!!

Beer and Food almost make marketing analytics fun!!
Beer and Food almost make marketing analytics fun!!