Category: Business

Digitizing the consumer decision journey

Already, the companies employing these types of advanced analytics have seen significantly improved click-through rates and higher conversion rates (between three and ten times the average). Additionally, McKinsey analysis shows that using data to make better marketing decisions can increase marketing productivity by between 15 and 20 percent—that’s as much as $200 billion given the average annual global marketing spend of $1 trillion.5

http://www.mckinsey.com/insights/marketing_sales/digitizing_the_consumer_decision_journey

Why companies should care about e-care

Digital customer service has become a significant factor in both purchase and service transactions: roughly 70 percent of telecommunications purchase journeys occur in part or in whole online, as do 90 percent of service journeys.1 Digital customer service also provides superior customer satisfaction: our research shows that 76 percent of telecommunications customers are satisfied with a customer service journey that is fully digital, compared with 57 percent satisfaction for interactions through traditional channels (exhibit). When you consider that migration to e-care can, in our experience, reduce call volumes and operating expenses by 25 to 30 percent, its benefits seem obvious.
http://www.mckinsey.com/insights/marketing_sales/why_companies_should_care_about_ecare

3 share physics Nobel for LED light

As a former lighting designer for theater, this stuff interests me. Natural white and blue are tough to replicate. LED does a good job and at lower energy consumption.

Two scientists in Japan and one at the University of California at Santa Barbara were awarded this year’s Nobel Prize in physics for helping create the LED light, a transformational and ubiquitous source that now lights up everything from our living rooms to our flashlights to our smart phones
https://www.cnn.com/2014/10/07/world/europe/nobel-prize-physics/index.html

You have to manage your Data Lake – the fallacy of technology being magic | Capgemini Worldwide

Just dumping data into a single repository doesn’t mean that it’s now magically easy to use.  But dismissing data lakes altogether is “throwing the baby out with the bathwater.”  Where I think they’ve missed the opportunity is that they don’t talk about how things move forwards.  Logical Data Warehouses (LDW, described by Gartner in the Magic Quadrant for Data Warehouse Database Management Systems) are not the answer either. They have been the norm in most decent EDW programs for many years but it still isn’t giving the agility, flexibility and access to “all data” that a data lake approach can give.  What is needed is hybrid approach that the business to blend different approaches based on their requirements – the “Business” Data Lake.

http://www.capgemini.com/blog/capping-it-off/2014/08/you-have-to-manage-your-data-lake-the-fallacy-of-technology-being-magic