Personalization is The New Nirvana

Digital marketing, such as advertisements, we see are like works of art. Creative directors are tasked with composing a variety of elements from realism to sound composition, to developing an advertisement that will grab your attention, keeping your interest, instilling desire, and demanding action. The difference between art and advertising, is art is meant to be enjoyable, whereas an advertisement is meant to fulfill a monetary purpose. In today’s digital world, creating advertisements can get even more complex, such as adding in a layer of augmented reality, that will engulf the targeted customer into an entire experience. The problem creative directors have, is to build multiple works of art that will appeal to a variety of different personalities to drive the same end goal.

Using Data to Develop Marketing Content

True personalization is creating a group segment audience of 1. This is also known as ‘nirvana’. The challenge that presents itself here is that no two individuals are alike. Even the most extreme identical twins have a small degree of variation in their personalities. I want to talk about a concept that I like to call ‘Deep Data’. I want to differentiate this from Big Data, because I think Deep Data as a descriptor to determine a person’s psyche.

There are plenty of Big Data sources available to help creative directors build ads based on high-level segmentation. Understanding demographics, can help creative directors determine basic cultural differences, and develop advertisements that will fit in various markets. Where it starts to become tricky, is gathering the deep data sources. It’s much easier to figure out where someone lives vs. the emotional intelligence of that individual. The other challenge, is most people are willing to give up demographical information, but any info that would be seen as compromising to the person is much harder to attain.

This is where digital trust is crucial if we want to progress towards true personalization.

Gathering Deep Data

Between beacons, IP addresses, learning algorithms, cookies and surveys there are plenty of strategic ways to gather information about a person. The problem, is all this data gets collected and stored in various systems and there isn’t a current solution that combines them all into one. The other issue presented here, is tracking the success of individual campaigns. There are ways to track open rates, impressions, click through’s and conversions, but what this data doesn’t tell you, is why an ad didn’t work with those that didn’t convert, and why it worked with those that did.

As we move towards Nirvana, creative directors and marketers will need to be able to understand each individual and know exactly which mixtures of messages and content will create the efficacy that every business wants without losing the consumer’s trust.

References:

http://www.forbes.com/sites/sap/2015/07/11/marketing-nirvana-engaging-with-an-audience-of-one/

http://searchcontentmanagement.techtarget.com/feature/Location-data-adds-context-for-Web-personalization

http://www.forbes.com/sites/johnrampton/2015/09/03/better-data-enables-better-customer-segmentation/

http://www.martechadvisor.com/marketing-analytics/clickagy-launches-data-driven-content-providing-intelligent-on-page-optimization-using-audience-profiles/

http://www.dtcperspectives.com/getting-to-the-how-unlocking-identification-personalization-and-the-regulatory-landscape/

It’s Getting Personal

I’ve been reading many articles on data personalization as it relates to content marketing and I keep arriving at the same conclusion – It’s all about the story. But what story are we actually telling? A person doesn’t just have one story, they have multiple stories. Trying to reach someone when they want to be reached can get tricky. Are we appealing to them when they are working? Or do we try to reach them at home? These are questions data is hoping to help answer.

The B2B Story

You arrive at the office and you’re immediately bombarded with emails that never seem to end. You get called into your morning meetings where someone in the room is trying to ‘sell’ something – an idea, a campaign, a new tool that the company should buy, etc… Before you know it, it’s time for lunch. While at lunch you login to Linkedin and you’re flooded with even more ads – new job offerings, new services, new startups, etc…

Remember the famous quote: “It’s not personal, it’s just business?” While reading an article on B2B content personalization, the core message became clear; before you waste precious time on that powerpoint, find out how your boss wants information delivered. Marketers are presented with the same challenge. When creating the B2B message – find out exactly how the target audience wants information delivered. This will save you ample amounts of time in delivering the right message at the right time to the right person, because after all… time is money.

The B2C Story

You get off of work, and now you’re just an ordinary consumer faced with an amplified amount of places or things to spend your hard earned money. In our last blog, we talked about the importance of data personalization and why consumers want individualized messages, so it resonates as an emotional and relevant message.

If you aren’t familiar with Simon Sinek, he is famous for his Ted Talk on the ‘What’ vs. ‘Why’. He explains the seduction involved in storytelling and describes the brilliance behind Apple’s marketing messaging. Where Apple has the competitive edge over many businesses from access to their unique data asset. They understand their consumers so well, that their messages dig deep to connect with who they are… because ‘It’s all about me”.

The Differences in Constructing the Story

There are two main differences in B2B and B2C data. B2B data is more quantitative or objective in purpose, so it is typically used for lead generation. B2C data is more qualitative or subjective and help marketers piece together profiles to understand who you are, so there is more of an emotional connection. The ultimate goal in marketing, would be one-on-one, aka. personalization. When constructing these stories, it’s important to remember that people don’t become an entirely different person when they bounce from their B2B to B2C roles. To gather all of these puzzle pieces, it’s either ridiculously expensive or the data sets are very jumbled. The solution would be to have a robust platform enabling marketers the flexibility to select the correct data sources to construct the compelling marketing messages that they can apply to their target audience, at the times in which they would like to be reached.

Data still has a far road ahead for marketers to reach personalization, but we are slowly crossing the chasm to deliver the optimal value for their end customers.

 

Resources:

http://m.bizcommunity.com/Article.aspx?l=196&c=423&i=132915

http://techcrunch.com/2015/08/14/the-future-of-consumer-marketing-is-personal-2/?utm_medium=referral&utm_source=pulsenews

http://www.business2community.com/b2b-marketing/b2b-personalization-is-still-far-from-wash-rinse-repeat-mode-but-you-can-create-the-right-framework-01280978

Data Personalization

Hi- I’m Fabrice, the Founder and CEO of Diggen. I live in Southern California, but grew up on the East Coast. I’m largely passionate about startups, technology, and a big foodie. So why does this information matter? What’s the point of me giving you an inside look into who I am? Simple. Data Personalization.

The Purpose of Personalizing

Do you prefer these black shoes or those blue shoes? Do you want to be bothered in the morning, or in the evening? In my brief description above, you only learned a few things. I didn’t tell you what types of food I like. I didn’t share where in Southern California I live. Since consumers are complex, the software needs to be as equally complex. As a marketer- it’s your goal to create real-time personalized experiences for consumers, without coming off as creepy. Ultimately creating more relevancy for each consumer, so they become more engaged.

The Problem with Personalization

Consumers are complex. Because there are so many facets to a person, it makes it challenging to know exactly what they are thinking. Our industry has done a horrible job protecting the consumer and establishing digital trust. As a result, consumers are reluctant to release anything about themselves and we, the marketers, end up spending a ton of money on AB testing just to figure out what messages and imagery appeal to different people to create that real-time personalized experience.

But the problem only begins there! The other current challenge we are faced with, is the expectation by consumers to create a personalized experiences. In the ever evolving digital evolution, consumers are more demanding than ever for personalization but they equally demanding that their information is protected.

While 73% of consumers prefer buying from companies that personalize the shopping experience for convenience, 94% are concerned about data privacy and how companies use their data. While these statistics seem conflicting, there are methods to deliver a balance of relevancy and privacy to consumers. “Marketers shouldn’t have to select between relevancy OR privacy, but rather relevancy AND privacy.”

So what’s a marketer to do?

Tweet Quote: “Marketers shouldn’t have to select between relevancy OR privacy, but rather, relevancy AND privacy”

 

Diggen is the middleware. Think of it as the relationship coach in a really bad tug-of-war between partners. Marketers are using more tools and technology to help tailor the experience for customers, but in order to tailor those experiences they need data. There are many data providers out there focused on collecting the data but aren’t necessarily concerned with how the data is being used (which then causes mistrust from the customer). Diggen is the middleman by securely brokering the deal between data providers and the applications using the data. Diggen provides the security customers want, while vetting the data that CRM tools actually need which will then allow businesses to create the personalized marketing experiences that matter.

 

Sources:

http://www.fluiddrivemedia.com/advertising/marketing-messages/

http://www.emarketer.com/Article/Marketers-Stuck-on-Basic-Data-Personalization/1012763

http://www.dmnews.com/marketing-strategy/drizly-chugs-down-data-to-drive-personalization/article/428643/

http://venturebeat.com/2015/07/22/80-of-consumers-have-updated-their-privacy-settings-and-other-barriers-to-personalization/

http://insight.venturebeat.com/state-of-marketing-technology-hyper-personalization?utm_source=vb&utm_medium=refer&utm_content=editorial-post&utm_campaign=somt-personalization-report

http://insight.venturebeat.com/state-of-marketing-technology-hyper-personalization?utm_source=vb&utm_medium=refer&utm_content=editorial-post&utm_campaign=somt-personalization-report

http://0ca36445185fb449d582-f6ffa6baf5dd4144ff990b4132ba0c4d.r41.cf1.rackcdn.com/Make%20It%20Personalized.jpg

https://uploads.www.gigya.com/2015/07/16143453/Gigya_Infographic_2015PrivacyPersonalization.jpg

 

What Marketers Need To Know About Diggen

Now, more than ever, a premium has been placed on the ability to effectively gather and utilize information about people for data driven marketing to successfully create more relevancy for customers. This consumer data is comprised of their background, interests, online activity and behavior, jobs, income levels, and lifestyle. So much so, that big corporations routinely spend millions of dollars to collect, manage and monetize their consumer data.

The situation can leave small and mid-size companies with limited resources operating at a distinct disadvantage. But that will no longer be the case now that we have launched Diggen as the one-stop shop for consumer data.

What it means

Our software platform offers marketers of big and small organizations easier and more economical access to consumer data. We limit the disruption to a marketer workflow by integrating into all the popular marketing tools like CRM software, email service providers, content management services, ecommerce platforms, as well as marketing automation, optimization and a/b testing tools. Diggen will in short order, level the playing field for all companies to access the same consumer data capabilities as much larger corporations.

If you are wondering about the name Diggen, it comes in part from the word digital and in part from the word genome, which refers to the complete set of  genes or genetic material information present in a cell or organism.

At the core, that’s what we intend to accomplish with our middleware technology to enable companies seamless access to valuable and comprehensive consumer data, so they can better understand their target audience, improve key performance metrics, and increase overall revenues.

Starting with basic consumer data attributes, such as age, gender, lifestyle, education, and income level, marketers will begin to understand their audience, create more relevant marketing campaigns, and personalize their website and mobile apps to position their brand and appeal to specific groups that make up their target audience.

No developer requirements

As a data agnostic platform, Diggen will make marketing personalization possible for all businesses that would like to customize their messaging and content to target consumers on an individual level. Diggen’s interface really simplifies the management and flow of consumer data between various marketing tools and other data supply sources without any obstacles.

Our platform and business model will reduce the cost of owning data and eliminate a multitude of development, integration and maintenance costs. Diggen will provide the integration work, ongoing support and all necessary maintenance.

Whatever the information source, as the industry’s premier clearinghouse for consumer data, Diggen can eliminate for good, the technical and cost challenges that prevent marketers from leveraging personalized marketing messaging to engage their target demographic.

The service will make it much easier for C-level marketing, technology and privacy executives to leverage new tools, and technology and maintain mandatory compliance initiatives more effectively with impending regulation demands on consumer data. The benefits will be ongoing as we add new features, bring on more data sources and integrate more marketing tools.

Privacy and trust

With such an important role to play, safeguarding consumer data is paramount and we will make privacy and trust the hallmark of our services. With the sensitive nature of consumer data, it needs to be treated differently because everyone benefits from a more transparent, controlled, and authoritative solution. Diggen will take every measure to provide confidence to all stakeholders including consumers, marketers, developers, platforms and data providers.

It will not only be necessary but practical as we move toward our ultimate vision to provide a platform for consumers to control their personal data, while continuing to deliver tremendous value to marketers.

As a company we are not unfamiliar to data challenges and solutions. Our roots were firmly established in local search data developing and refining business listings. Once responsible for setting the standard on the internet for search fields and data listings, we are now hoping to take consumer data to another level with ease of access, more personalization and an alignment of stakeholders.

If you would like to learn more about Diggen and how it can help simplify your access to consumer data, please fill out our contact form.