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SAS Advances Customer Intelligence
April 18, 2012 in Business Analytics, Business Collaboration, Business Intelligence (BI), Business Mobility, Business Performance Management (BPM), Cloud Computing, Customer Performance Management (CPM), Information Applications (IA), Information Management (IM), Operational Performance Management (OPM), Sales Performance Management (SPM), Social Media | Tags: 360-degree view of the Customer, Cloud Computing, Contact Center Analytics, Customer Analytics, Customer Experience Management, Customer Intelligence, Customer Service, Desktop Analytics, Predictive Analytics, SAS, Social CRM, Speech Analytics, Text Analytics, Voice of the Customer | by Richard Snow | Leave a comment
SAS is one of the largest and best-known independent vendors of BI and analytics. The company’s website shows 16 product lines, and product variations to match almost every business analytics requirement in any industry. One of its core products lines is Customer Intelligence, which I wrote about last year. Customer Intelligence consists of four main components: strategy and planning, information and analytics, orchestration and interaction, and customer experience – among all these interesting areas, only the last really indicates what the products do.
In this context, strategy and planning is about marketing: deciding which sales channels are likely to be most successful, managing marketing campaigns and using performance management to gain insight into how well marketing is performing. Information and analysis is about customer analytics – mapping customer profiles and segments to drive customer relationships, deriving customer value insights and performing event-triggered marketing. Orchestration and interaction is also about marketing, from a more operational perspective – campaign management, email and mobile marketing, optimizing communications with customers and real-time decision support to improve the outcomes of customer interactions. Customer experience focuses on analyzing online customer behavior to support better decision-making, using social media analytics to provide insights into what customers are posting on social media, and deploying Web analytics to analyze the use of the user organization’s website.
This is an interesting mix of products, and it supports two themes I have been seeing in key customer activities and part of my research agenda. The first is an evolving approach to marketing. Long gone are the days when organizations could afford to carry out mass marketing campaigns through direct mail. Instead we’re at the start of a time of more focused, personalized campaigns that are carried out through the new channels of customer choice, particularly email and smart phones. These approaches require organizations to gather more customer information and systems to create and deliver campaigns, which explains why SAS has integrated Assestlink’s marketing operations management suite into its customer intelligence portfolio.
The second theme, which no one can have missed, is the increased use of the Web to find information, purchase products and services, and gain support, and the increased use of social media to find information and support and to comment and complain. Marketing through each of these channels requires more detailed insight into customer behavior so that organizations can not only improve customer service through these channels but also make improvements to the overall customer experience. To support it, SAS has developed its social conversation center, which provides insight into what customers are saying on social media, as well as sentiment analysis and customer influencer scores.
At a time when customer behaviors are changing and it is hard to find new customers and gain maximum business benefit from existing customers, customer intelligence is more important than ever for organizations. SAS is wise to promote these two areas, which along with new services to support easier and quicker implementation of its products enhance its prospects for 2012. The use of customer analytics that we researched and predictive analytics are key parts of what SAS offers and help enable customer intelligence.
How effective are your marketing campaigns and your use of social media – indeed, how well do you know your customers? Please tell us more and collaborate with me on customer intelligence.
Regards,
Richard Snow – VP & Research Director
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Tello Launches Innovative Method To Collect Customer Feedback
April 17, 2012 in Business Analytics, Business Collaboration, Business Intelligence (BI), Business Mobility, Business Performance Management (BPM), Cloud Computing, Customer Performance Management (CPM), Operational Performance Management (OPM), Sales Performance Management (SPM), Social Media | Tags: CRM, Customer Analytics, Customer Experience Management, Customer Feedback Management, Customer Service, Social CRM, Voice of the Customer | by Richard Snow | Leave a comment
The various media, including the social form, insist that the customer is king; exaggeration or not, it is true that understanding their customers is of greater importance to companies than ever before. The newest way to understand customers is to capture all the comments they make about a company, analyze them and produce reports containing information such as likes and dislikes, hot issues, trends and sentiment analyses – many people today call this collection the voice of the customer (VOC). It can help companies with a range of tasks: refining customer-facing strategies, improving products and services, streamlining front- and back-office business processes, focusing training and supporting front-line operational decisions such as how to handle customer interactions.
In many cases, VOC requires new technologies to support these activities. Customer feedback can now be gathered in more ways than ever, everything from traditional paper-based surveys, IVR and web-based surveys, to agent-initiated one-on-one telephone surveys, speech analytics on recorded calls, social media analytics, short surveys on smartphones and analysis of free-form text gathered through media. Tello has just launched a new service that sits between surveying and social media. The service allows consumers to text comments about any company or download a smartphone app with which to send comments. Both methods are in line with current-day consumer behavior, as more and more people use texting or mobile apps as their primary methods of communication.
Businesses that are registered uses of Tello receive a text message or email when someone sends feedback to Tello. They can respond as they feel appropriate, including providing an instant reply acknowledging positive feedback or addressing problems – for example, resolving a customer’s issue before the persons leave the store or office from which the feedback was sent. In either instance a customer is likely to feel more positive about the experience. Tello also provides registered companies with analysis of comments and dashboards that tie customer feedback to individual company employees, allowing the organization to address personnel issues.
I plan to track how well this new service catches on, both with consumers and organizations wanting to understand them better. It could be another piece of the puzzle in collecting customer feedback, and it will be interesting to see how it relates to the insights gathered through my research into how organizations are collecting and analyzing customer feedback. It would be great if you would provide your views by engaging with us on our customer feedback research Or you may simply collaborate with me directly on social media.
Regards
Richard Snow – VP & Research Director

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