enabling real-time personalization with ibm interact€¦ · more targeted marketing opportunities...
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Enabling Real-time Personalization with IBM Interact
May 2016
There is a Troubling Gap Between What Brands and Customers Believe
of brands say they have a strong
capability to deliver relevant
communications
of consumers think their
favorite brands are usually
relevant
2015 Econsultancy: The Consumer Conversation: The experience void between marketers and their customers
35%
47% yet …
© 2016 IBM2
IBM Marketing Solutions make
it easier to design meaningful
customer experiences across
applications, devices and time,
accelerating today’s results and
tomorrow’s ambitions.
Lead
ManagementCustomer
AnalyticsReal-time
Personalization
Omni Channel
Marketing
Digital
Marketing
© 2016 IBM3
© 2016 IBM4
Real-time Personalization
“I want to dynamically serve up
relevant content, offers, and
recommendations.”
Real-time
Interaction
Management
Digital
Recommendations
Opportunity
Detection
To Maximize the Moment, Marketers Need to Act on Customer Profile Data and the Current Context of Each Interaction
© 2016 IBM5
IBM
INTERACT
context
profile
data
offer(s)
• blends segmentation, rules
& algorithms
• coordinates with outbound
and batch
real-time decision
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WELCOME
http://www.voluptatem.quia
OFFER
IBM Interact puts Real-time Personalization into the Hands of Marketers
Interact turns any real-time touchpoint into a channel for
personalized marketing messages© 2016 IBM6
© 2016 IBM7
IBM InteractCentral decision engine for personalized offer orchestration in real-time
Determine best offer
based on historical data
and current behavior
during the interaction.
Multi-channel inbound and
outbound offers to any
digital channel.
Performance at scale:
100Ks of concurrent
sessions, with response
times <0.1 seconds
Benefits to Using Interact
More targeted marketing opportunities by turning customer touchpoints into marketing channels
Better response/conversion rates from:
• Presenting offers when customers are ready to listen
• Increasing relevance of offers by considering context
Improved customer experience by:
• Increasing the value of inbound interactions
• Connecting inbound & outbound to create dialogues over time
Detailed view of IBM Interact
final offer(s)
Records offer presentation and
response or non-response
Can be factored into self-learning for future scoring…
…and factored into future batch campaigns.
ARBITRATIONSelf-learning algorithm
or external model adjusts scores
revised offer list
and scores
ADD/REMOVE OFFERS
Adjust list of offers using white/black lists and suppression rules
candidate offers & scores
REAL-TIME LOGICUses combination of segmentation, rules and event pattern
recognitionReal-time context
Customer profile data
white lists, black lists
PRE-CALCULATED DECISIONS
Builds white lists and black lists
Data from real-time service calls
IBM Campaign
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fugit, sed quia consequuntur magnidolores eos qui ratione voluptatem sequinesciunt. Neque porro quisquam est, quidolorem ipsum quia dolor sit amet,consectetur, adipisci velit, sed quia nonnumquam eius modi tempora inciduntut labore et dolore magnam aliquamquaerat
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WELCOME
http://www.voluptatem.quia
OFFER
global
Offers can be:
segment-level
individual-level
IBM Interact
offers
segment definitions
interaction history
Can use common:
© 2016 IBM9
Key to Interact’s Real-time Decisioning Process is its Ability to Recognize Event Patterns
real-time decisions
customerprofile current
context
patterns over time
The benefits of pattern recognition:
Without event patterns With event patterns
A customer visits an iPad product page.
A customer visits an iPad product page after visiting Kindle Fire and Samsung Galaxy pages.
An account holder calls about mortgage rates.
An account holder has made three calls about
mortgage rates.
© 2016 IBM10
IBM Interact Advanced Patterns Recognizes Rolling Patterns Over Time
© 2016 IBM11
PreviouslyWith latest
enhancements
A customer visits an
iPad product page after
visiting Kindle Fire and
Samsung Galaxy
pages.
A customer visits an
iPad product page after
visiting Kindle Fire and
Samsung Galaxy pages
earlier in the week.
An account holder has
made 3 calls about
mortgage rates.
An account holder has
made 3 calls about
mortgage rates this
month.
real-time decisions
customer
profile current
context
patterns
over time
that are
time-bound
Omni-channel Message Orchestration Powers Personalization for Every Customer, Across Engagements, In Real-time
Special pricing now available:
Aurora Road Racer 2014
Edition
Multi-channel message orchestration
within IBM Interact
Allows users to set up chained events
depending on eligibility and the event
pattern that fires
Easy to use UI for setting up
orchestration and relate communication
to event patterns
© 2016 IBM12
Advantages to IBM Interact’s Approach to Real-time Decisions
Stepwise approach increases control over the process
Offer flexibility allows for multiple audience levels
Blend of algorithms & manually-built logic gets best results
Inbound/outbound integration builds customer dialogs© 2016 IBM13
IBM Interact and IBM Campaign Together Enable You to Engage Across Any Channel
Integrated Real-time Interaction Management: IBM Interact (offers) and IBM Product Recommendations (product recs)
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consequuntur magni dolores eos qui rationevoluptatem sequi nesciunt. Neque porro quisquamest, qui dolorem ipsum quia dolor sit amet,consectetur, adipisci velit
fugit, sed quia consequuntur magni dolores eos qui rationevoluptatem sequi nesciunt. Neque porro quisquam est, quidolorem ipsum quia dolor sit amet, consectetur, adipiscivelit, sed quia non numquam eius modi tempora incidunt utlabore et dolore magnam aliquam quaerat
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WEB SITE
http://www.voluptatem.quia
OFFER prod recoffer
product category,product recs
example:
Benefit: makes personalized message more complete, more relevant, more compelling, driving more responses
© 2016 IBM15
Increase online conversions by presenting personalized offers to known and anonymous visitors
Provide call center agents with real-time data on each caller’s history
Help in-store/in-branch personnel engage customers on the spot
Present timely, relevant offers on ATMs during withdrawals & deposits
Use point-of-sale offers that align with ongoing marketing campaigns
Send personalized emails to loyalty program members
Send location-based messages to mobile devices that map to current campaigns
Deliver personalized messages in Facebook apps
How Marketers are using Interact
© 2016 IBM16
Real Results Across Multiple Industries
4x Revenue from website offers selected in real-time, not pre-calculated.
Banking 5% Increase in sales volume from web personalization
250% Increase in clicks per dayTravel &
Hospitality 400% increase in revenue per impression from web and transactional email personalization
Cross sell success rate increases from under 10% to more than 40% in call centers and retail shops
Telcom
Up to 50% in increase in offer redemption and customer click-thru on in-store and website channelsRetail
© 2016 IBM17
© 2016 IBM18
Telefonica | VivoReaches beyond demographics to target individual segments with the right offers -- all powered by
IBM Marketing Solutions.
30%Increase in revenue
generated from direct
marketing efforts
Increase in opt-in rate for
customers who receive
marketing messages5XIncrease in sales on
days that campaigns
are launched 70%
Learn more: http://bit.ly/telefonicastudy
ING Bank
17 3xWeek reduction in
campaign cycle times
Increase in
customer responses 35% Reduction in overall
marketing costs
© 2016 IBM19
Transforms their marketing effectiveness through a focus on personalization -- all powered by IBM
Marketing Solutions.
20 © 2016 IBM
Matrimony.comLeverages predictive analytics to help guide matchmaking with intelligent marketing – all powered by
IBM Marketing Solutions.
90%Faster deployment of
targeted marketing
campaigns 2mMembers with improved
outcomes of matchmaking
results thanks to more
powerful analytics
Learn more: http://bit.ly/matrimonycom
Vodafone QatarBuilds closer relationships with their customers based on highly personalized marketing -- all
powered by IBM Marketing Solutions.
3xIncreased
conversions from
campaigns 360° Degree view
of customers 3xMore effective at
driving up- and
cross-sell conversion
Learn more: http://bit.ly/vodafonestudy