personality insights for the mall
TRANSCRIPT
IBM Watson Personality Insights
Leveraging cognitive computing and social media data to generate customer insights
What is IBM Watson Personality Insights?
3
Access the service on Watson developer Cloud at: http://www.ibm.com/smarterplanet/us/en/ibmwatson/developercloud/personality-insights.html
Personality Insights is available on IBM Watson Developer Cloud
Big 5
Values Needs
EmotionStyleAttitude
PersonalityPortrait
Social Media
LinguisticAnalytics
EngagementRecommendation
Personality Insights Takes Social Media Input Performing Linguistic Analysis To Develop A Personality Portrait
How Does It Work?
Use Cases
6
Making Hyper-Personalized OffersThree options for creative marketing campaign
Needs
Personality
Value
Network
Time
Multi-Dimensional Customer Insight
Very motivated for self enhancement
Efficient, organized. and conservative. Excitement and
desires self-expression
Network makeup for receiving similar offers
Timing for making contact
Content determined by intrinsic preferences: “dress for success” (self enhancement) “high-quality” (ideals)
- “10% off when bring your friends (social ties)” -
PI derived
X X
7
Customer Stories
Personalized Offers – Coupon RedemptionBig USA Retailer evaluates coupon redemption hypothesis based on PI
NeedCustomers are increasingly bombarded with offers from all competitors making them less and less likely to respond unless the marketing matches their needs exactly
SolutionUnderstand clients’ personality characteristics, values, & needs; ensure communication is relevant & distinguished from all other competitors’ advertisements
Benefits• Improved coupon redemption
rate for loyal customers by 200% ( 2 month data)
• Improved coupon redemption by 33% for infrequent customers
Influence Customer Behavior
The need• Efficient planning & executing of
promotional activity, inventory builds, demand forecasts
• Quickly determine the best action when the promotion doesn’t run as planned
Big USA Retailers & big US Financial Institution explore new way of running marketing campaigns
The solutionBuild promotional traffic drivers that are enriched with characteristics from peoples personality, values, and needs.
The benefits• Improved sales • Reduced Inventory and markdowns • Higher customer satisfaction• Increased marketing effectiveness • High client acquisitions and retention