Infographic: Cost of Unhappy Customers

Unhappy customers are more influential than you may think. American business lost $537 billion due to unhappy customers. The good news is that there are many tools out there that will help you use data to build a loyal and happy customerbase. Before we get to that, take a look at the infographic: Source: http://www.entrepreneur.com/article/234603 Download the Loyalty Cookbook to understand how you can use the power of Big Data to…

Getting Repeat Sales With Big data

Entrepreneur.com wrote an excellent article on getting more sales by using the power of big data. In today’s competitive world, getting that first sale isn’t enough. You want repeat sales in order to get loyal customers and beat your competition. And getting that second sale, at times, turns out to be more difficult than getting the first one. The author talks about three ways to use big data to drive…

The importance of clean data

Data is considered a valuable aspect by companies. Businesses that have never considered using data in their marketing have now realized the importance of data in increasing the effectiveness of their marketing and in making better business decisions. However, bad data costs companies money. Each year Experian Data Quality commissions research on data quality in companies in the UK, Europe and the US. A summary of the results is below.…

From Big Data to Big Personalization – An Infographic

From the infographic below marketers know how important it is to use big data and provide a personalized online experience for their customers, however not all marketers are doing this. What are their obstacles? They don’t have access to real time data, data isn’t collected frequently enough, inability to turn data into actionable insight. How I interpret this is that they have the data, but they don’t have the internal…

Infographic: How do you know if you have good customer data?

In today’s data-driven world, we all have at least some sort of data on our customers. We have made significant efforts to collect email addresses, Facebook IDs, demographic data, etc. But, how do you know if this data is any good? See the infographic below and decide for yourself. Did you relate more to Mr. Not-So-Sure? Do you want to see what complete customer data looks like? Click the link…

What does it mean to be customer centric? – An infographic

What’s the difference between a business that is customer focused and one that is customer centric? A customer-focused business prides itself on maintaining a great customer experience whereas a customer centric business looks at the lifetime value of a customer and focuses marketing efforts on the high-value customer segment to drive revenue. Here are some quick tips on how to become a customer centric business: Analyze customer data to identify…

Retail and the Big Data Revolution – An Infographic

This interesting infographic has some great statistics on how big data makes retailers more competitive. Some great take-a-ways: All retailers are gathering data from a variety of sources 54% says data has brought gains in multi-channel sales 64% say brand loyalty will be the largest gain they get through big data analytics 52% say they have been able to increase sales by offering the next logical item 54% are not…

The Marketer’s Guide to Actionable Data – An Infographic

Marketer’s know the importance of collecting data, but even though they know the importance of data 39% of marketers say their company’s data is collected too slowly or too infrequently and 29% say their company has too little or no consumer data. In addition to this even more marketers admit they are struggling to use data effectively in their marketing campaigns. 45% aren’t using data to personalize their marketing communications;…