making the most of data – more than just getting it right presented by: lucy wildridge date: 12 th...

13
Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

Upload: job-andrews

Post on 18-Dec-2015

216 views

Category:

Documents


1 download

TRANSCRIPT

Page 1: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

Making the most of data – more than just getting it right

Presented by: Lucy WildridgeDate: 12th June 2007

Page 2: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

A journey not a destination

Using data to your advantage

Page 3: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

Making the most of your data

Clean and suppressMPS/TPS/FPSMortality files

NCOA and Goneaways

Data Collection

Names data

Business data

International data

EnhanceGeographical dataGovernment data

Utility dataGeodemographic data

Page 4: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

The fundamentals

Page 5: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

Database degradation

13%*

600,000*

1.3 million* total 14.5 million

320,000* total 3.3 million

14% per year

*Source: ONS

Page 6: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

What is Suppression Data?

Goneaway (Royal Mail, Experian)

Change of Address (Royal Mail)

Deceased (Experian)

Do Not Contact/Preference (DMA)

“Suppression should

be viewed as an

essential part of data

quality assurance”

Sarah Burnett Senior Researcher Nov 2006

Page 7: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

Why suppress?

- Reduce returned mail- Protect reputation- Avoid fines- Impact on environment- Compliance- ID Fraud

Page 8: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

The fundamentals

Page 9: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

Segment your database

Page 10: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

Building on the foundations

Data is a key business asset

International data

SIC codes Consumer names

MOSAIC lifestyle data

Business names

Telephone numbers

Local authority data

Grid references Not Yet Built data

Employee numbers

Length of residency data

Company registration numbers

Utility data

Mailsort codes

Fax numbers

Page 11: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

Building a picture of ‘the customer’

Lifestyle data

Local Government data

Geographical data

Not Yet Built data

Page 12: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

Exercise

Page 13: Making the most of data – more than just getting it right Presented by: Lucy Wildridge Date: 12 th June 2007

How can this benefit you?

Increased ROI

Identify new opportunities

More targeted messaging

Better customer retention

More effective marketing spend