Posts Tagged ‘data analytics’

Who Should Assess? YOU Should Assess!

Wednesday, January 25th, 2012

This blog post is contributed from our colleague, Paul Abdool, an international thought leader in the production print space.  He is the National Practice Manager for the Production Print and Mail Practice Group within the Enterprise Solutions division of Ricoh. 

Paul Abdool, National Practice Manager, Ricoh

Don’t “Just Do It”

Nike™ and Wieden+Kennedy, Nike’s primary ad agency, coined the now-famous slogan “Just Do It” for a 1988 Nike ad campaign.  This statement encouraged us to get moving and get fit.  It inspired us to stop procrastinating with our fitness and make a spontaneous-like decision to improve ourselves. 

Although I am a big fan of spontaneity, fitness and focus, there are a few things in this world that need to be thought out to “do it” just right. 

The Patio Builder

A few years ago, I was in the market for a new deck, or at least I thought I was.  I wanted a stable, flat surface for my barbeque, a place to put a patio set to eat dinner at in the summer and a place to catch some rays.  So being a “due diligence” kind of guy, I thought I would call a few companies to get some quotes.  The approaches by the companies were very different.  Wood deck builders wanted to know where I lived and the size of the deck I wanted.  The concrete patio guys said, “We would like to schedule an appointment to check out your backyard and discuss your needs prior to providing available times and pricing.”  So I received my quote via email from the deck company in the afternoon and the next evening I met with the patio “pre-assessment” fellow.  The gentleman from the patio company inquired about my needs, asked about my time constraints and measured the area.  In about 45 minutes he gave me a description of their process, the staff, provided references and addresses in the area so I could check out their work.  He then provided an estimate and asked if that was around what I was thinking about spending.

What did he really do?

  • He listened to my needs – he did not provide a cookie cutter quote
  • He created credibility – he explained the designs he had done for others with similar wishes
  • He established my budget – he ensured that he was only going to do what I could afford
  • He knew what type of effort it would take so that I knew what to expect
  • He answered all of my questions

Now that I had an idea of the budget, the temporary disruption level and project timing, he sent in his “technical” crew leader to double check the quote, take final measurements, create a project plan and to ensure that he had a full understanding of my needs.  Ultimately, I was satisfied.  Why?  Because they did not “just do it”.

Why do we do assessments?

Like the patio builder, I do “pre-assessments” before digging into a project – pun intended.  The pre-assessments allow me to better understand the project and the potential for improving the current state.  I also conduct assessments or discoveries, as we call them, if the organization wants to optimize their document production operation and processes.

My point is simple.  Professionals from all industries conduct assessments. 

And here’s why:

  • To establish a current state = this is critical for measuring against in the future
  • customers need to know how much the proposed changes will improve their operation
  • To build a Return on Investment model – in these times of shrinking budgets and shortened timelines, a good ROI is critical
  • To create a plan = a well thought out plan is critical to reaching goals and measuring success

 So, why should you budget time and money for professionals to conduct assessments? 

  • To gain access to technical skills -it is impossible to be an expert in all areas, professionals have tools and methodologies to gather information quickly, a specialist will notice things that you may not
  • To experience and benchmark – since the specialist conducting the assessment does it every day, they are able to discuss trends and how you compare to others professionals will continually improve their processes to get better results for the next customer so you benefit from their past
  • Because you don’t know what you don’t know – professionals have to stay abreast of the latest technology and offerings in the market they know the answers to questions you have not even thought of asking yet or how to find answers through their network of expert peers
  • To deliver concise presentations – professionals can summarize goals, issues, data and other facts into a succinct message so all stakeholders involved understand the options and what is in it for them

Ben Franklin was right

In 1736, Ben Franklin said, “An ounce of prevention is worth a pound of cure.”  He was referring to insurance but it certainly applies to anything that you can avoid messing up by doing your due diligence or homework – including print!  Anything that is significant to you or your organization, whether it is building a deck, running a business, or even selecting a new workflow should be thought through thoroughly to truly understand to meaning and value of your ultimate decision.  

What do you think?  Do you share my practice of assessing before making large business decisions?  Please share!

Best,

Paul Abdool

Customer Video: Helping Enhance Swiss Efficiency

Friday, November 18th, 2011

Switzerland has a reputation for efficiency. But as we have found out, its expertise extends further than precision watches and perfect chocolate to transaction printing.

With 600 employees, B-Source is Switzerland’s leading company providing business process and IT outsourcing. It aims to help its clients in the banking and financial sector become more efficient, leaner and more secure.

As one of the leading providers of outsourcing services in the field of document output management, B-Source supports its customers as they communicate with their consumers using both print and online tools.

This video interview, in German and with English subtitles, covers B-Source Outline’s decision to examine its workflow, evaluate ADF, and covers why it chose InfoPrint Process Director to help its clients communicate with their customers.

They key factors in decision making were vendor neutrality, the use of standard components including a browser interface and the management system for controlling the production environment.

Watch the video here:  B-Source and Ricoh

Making the Switch to Digital

Thursday, September 8th, 2011

At this year’s Graph Expo, Ricoh is cranking up the commercial print energy, and will focus on helping customers expand and enhance their digital printing capabilities!

Joe Caruso, Global Business Development, Commercial Print

Commercial printers sometimes juggle several different solutions that complete an overall workflow; they even get stuck buying workflow software based on specific customer requirements! What a pain!  They have to do the best for their customers with workflow and optimize productivity with all kinds of different solutions– which is a key reason to engage with a proven and professional services and solutions team that can help to connect all the dots (like Ricoh!)

Most commercial printers are fundamentally changing their approach and their offerings to their customer base, where print becomes just one communication channel in their overall portfolio.  Thinking like a marketer will get print companies to utilize data and  drive content, design, and production – ingredients the printer already has access to!

Integration of timely and relevant data is crucial for their customers who are trying to differentiate from their competition.

By the way,  driving these proven communications are in high demand.  Recent surveys show both a double-digit ROI and increased customer retention; so commercial print customers will be excited about working closer with their print partners with these kinds of results!

Ricoh has dominated in enterprise print and transaction segments by driving use of the Automated Document Factory (ADF), Precision Marketing and Data Analytics, as well as our industry-leading inkjet technology. Commercial printers can tap into this incredible experience as they continue expanding their offerings portfolio and changing the way they think about their print customers’ needs.

If you are attending Graph Expo in Chicago on September 11-14, come by our booth #2600 to learn about more and check out some of the solutions first hand!

See you there!
Joe Caruso

Global Business Development, Commercial Print

The Trend of Social Media in the Utility Industry – Is It Working?

Thursday, August 4th, 2011

Regardless of industry, social media use is on the rise.  At  InfoPrint Solutions Company, we began our journey into social media a few years back and even went as far as to encourage our employee’s to blog and tweet. This was quite a departure from our heritage as a hardware manufacturer.  So it is no surprise that even the most regulated industries such as utilities have begun to tweet. Recently E-Source did a survey to find out how many utility companies are using social media. And as expected, similar to our main objective for social media most uses are for customer communications.

Utility companies are engaging with customers via social media in efforts to create a better overall customer experience.  E-Source found that hundreds of utility companies are using social media, and that the most successful ones see the long term benefit and are investing in the staff and time to incorporate social media into their day to day communication efforts.  This integration should eventually be tied to all customer communications.  Wouldn’t it be nice as a consumer to have images at the bottom of your bill directing you to where to find more information on the web from your utility company?  Considering the overall “instant and immediate” concept of social media, these channels might be the first place I’d look for more accurate, up-to-date information on my services, local initiatives and more.
In related news, the Energy Collective recently posted an article about the growth of Consumer Experience Managers (CEM) as an up and coming position within the industry. This job is a blend of promoting the Smart Grid within social media channels such as YouTube, Facebook, Twitter and LinkedIn. CEMs use new methods to enhance the traditional hoping to increase positive customer relationships and loyalty while decreasing disengagement which leads to frustrated, unhappy customers.

Some consumers may view their utility company as “old school” but these stats and steps highlighted above ensure us that these companies are in fact embracing these “new” mediums.  They are taking advantage of social media to educate and inform their customers of anything from smart grids to new policies – and by the looks of it, it’s paying off.

What do you think of CEMs in the utility industry?  Will they have a strong affect on consumers?  Do you think social media is the way to go for utility companies and how can they best optimize other channels to promote their work in this space?

Looking forward to your thoughts!

Best,

Lee Gallagher

Director, Precision Marketing Enablement

Part Two: Advice from the Top with Sandra and Lee

Thursday, June 16th, 2011

As promised, here is Part Two of our two-part series with marketing specialists Sandra Zoratti and Lee Gallagher

How has Precision Marketing evolved over the years and what ways do you see it changing in the future?

Precision Marketing has evolved to encompass all customer communications.  A decade ago, most printers used the term “TransPromo” which really honed in on adding personalized content to transactional documents.  It was a very focused term, one that left little room for flexibility.  To top that off, it didn’t register with the marketing side of the house. 

The use of customized communications has morphed to become a broadened, more dynamic channel to promote, address and inform a targeted audience.  From direct mail to e-mail; a statement to a publication – customer-facing documents have often been an underused way to share a message.  Today, organizations across all industries including insurance, publishing, banking, utilities and more are using precision marketing tactics with an intended goal of communicating a targeted message to a targeted audience.

In the future, we will only see precision marketing take on more forms and be implemented via more channels.  Mobile and other instant forms of communications will likely be optimized as an avenue to show customers that you know them – a key goal of precision marketing.

What is one of your favorite your precision marketing best practices implementations that you have worked on?

We worked closely with the team at Los Angeles Department of Water and Power to implement a full, end-to-end operational shift, re-designing their monthly customer statements to better meet customer needs.  We worked together to refresh the look and the feel by adding color, graphs and visual elements to show customer usage patterns, and made icons for each service (water, electric, gas) – making the bill easy to follow and understand.  The main objectives were: to improve clarity of the information; in turn reducing call inquires by 20 percent; influence customer behavior to reduce energy consumption and emissions; and lower the cost of statement operations through process automation.  The overall goal was to influence customer behavior to keep costs low, while better serving the customer’s communication needs. 

Just launched in May, this new bill is sure to exceed these goals.  And we’ll be eager to share that news with you once it happens.

Is there one mistake most companies make when they are looking for content to mine to create relevant messaging for their audience?
Most companies find the data daunting.  Specifically, they are intimidated (and understandably so) by silo’ed data, disparate data across multiple databases, inaccurate data and multiple customer records.   The mistake is that this fear of data causes paralysis.  

We have devised a crawl, walk, run approach that encourages companies to start with the data they have in the format they have it in, and expand iteratively and modularly from there.  This avoids paralysis, eliminates the need for huge investments in infrastructure over longer time horizons and generates proof points along the way that help justify additional efforts.  We say the most important step is to get started and use the data you have or a simple data file that can be generated with simple data-gather techniques.  In fact, we have generated a 3-digit ROI by leveraging one 30-day transactional data file.

What is the one strategy you would say is a must when implementing a successful Precision Marketing campaign?

Set your goals early on and evaluate post the campaign to realize what worked, what didn’t and what could be changed for the next time around to enhance results.  Often times, goals are not set early on and that can cause complications, especially when tracking for ROMI.  If there’s one tip to remember, this is it!

What is the number one lesson for reader’s to take away from this book?

Marketing is one of the most challenging disciplines in business because of the rapid pace of change, increase in number of marketing channels and the threat of consumers disengaging.  In addition to these factors, businesses today require marketing to measure, prove and improve on a quarterly or monthly basis.    The number one lesson of BMA’s Top Advice is to collaborate and learn from others so that you can shine in your B2B marketing role and deliver quantifiable value to your business.

Part One: Advice from the Top with Sandra and Lee

Monday, June 6th, 2011

Sandra Zoratti, Vice President of Global Solutions Marketing and Lee Gallagher, Director of Precision Marketing Sales at InfoPrint Solutions recently participated in the launch of the first-ever Business Marketing Association (BMA) Colorado chapter’s published book – “Advice from the Top: The Expert Guide to B2B Marketing.”

In this first part of a two part series, Zoratti and Gallagher discuss everything from the value of B2B marketing through to their inspiration behind their chapter.
 

Q1.You have spent years leading discussions and panels talking about B2B practices and tips, what inspired you to contribute to “Advice from the Top?”  

A1. There are three main reasons why we decided to take on this challenge.  First and most importantly, the BMA Colorado as an organization is a thought leader in the area of B2B Marketing Best Practices.  It was an honor to be asked by them to contribute to this inaugural book alongside 23 other B2B marketers in Colorado.  We welcomed the opportunity to share our slice of knowledge with this esteemed organization and their dedicated followers.
Furthermore, the other 23 authors who contributed to this book are true luminaries in B2B marketing.   We are honored to be part of this cutting-edge project that puts individual company interests aside to help the overall B2B marketer regardless of the industry, challenge or area of expertise.  
We wrote about Marketing ROI (also known as ROMI –return on marketing investment) and have seen this emerge as a significant requirement for marketers across industries.   Marketers today are under extreme pressure to perform better and prove the value of each campaign.  Based on this newfound pressure, the ability to demonstrate ROMI has become the key metric of success to the business.  It is the one metric which translates the language of marketing into the language of the business.  While this metric is critical for marketers to maximize and measure, simultaneously, this requirement has come at an extremely challenging time.  Our inspiration for writing this chapter is to help our fellow marketers more clearly demonstrate their ROMI and aid them in repeating it for future successes.
 
Q2. What have your experiences been like working with the BMA team on this book?
A2. The BMA Colorado has been tremendous.  The quality of their approach, editing team, selection of topics and recruitment of authors was impressive.   BMA has established itself as the leader in all things B2B marketing and is forging new ground in this field by delivering member-driven topics, speakers, authors and adding tremendous value to their members through compelling, relevant and practical content.  We believe this is truly remarkable considering that their budgets might not compare to those of the competition.

Q3. What is the best advice from the top you have ever received that has stuck with you throughout the years?
A3. Well, as it relates to Marketing ROI specifically, I think the mantra is measure, prove and improve…and repeat.   The justification and scoring of marketing’s value can go a long way in promoting marketing as an extremely valuable — and quantifiable — discipline in organizations.  Knowing this has helped me become the marketer I am today – I can’t seem to knock the habit!
 
Q4. What challenges did you face when sitting down to write this and explain your methods in a book?
A4. We strove to make this very practical and applicable to the BMA membership and all B2B members.   We used real-world examples and experiences so that readers could learn from our journey.  We have learned through hands-on experience in our own company as well as working with other companies.  We are sharing the ROMI best practices — built on both our successes and mistakes – which we believe will be instructive to other B2B marketers and shorten their learning curve.
 
Q5. How important is it for marketing campaigns to integrate online components in this digital age?
A5, Creating a unified and consistent customer experience is a laudable goal for many marketers.  It has been shown that through the unification of customer touchpoints across all functions (for example customer service, sales, marketing, financing, etc.) can exponentially increase the value of a company in the eyes of their customers.  And that in turn can generate incredible levels of customer loyalty and customer advocacy.  Further, a consistent customer experience can often drive cost out of the required marketing spend.  The only way to achieve a unified customer experience is to integrate online marketing with traditional marketing and all other customer touchpoints.  A tough goal but a worthwhile and ROI-generating one.

Transforming Through Communications

Tuesday, May 31st, 2011

Companies are constantly giving themselves makeovers, reinventing themselves in some way. It may be changing a logo, rebranding a website, hiring a new spokesperson, or a new design for a catalogue and billing statement.  Trends and consumers are constantly evolving and companies must keep up to evolve with their customers..  Some elements of each brand may be timeless, but there are always variable factors which must transform and adapt to the consumer.

Is this a sign of weakness within the company?  Certainly not, as even the most successful companies have done so.  Take for example one of the most successful fast-food restaurants, McDonald’s, which spent more than one billion dollars to revamp themselves to a more upscale image. The company is investing in a shift from a stop-and-go-eating establishment to a more comfortable atmosphere where customers may want to stay longer to use Wi-Fi or socialize with friends.  The strategy is to create a different and more memorable experience than McDonald’s competitors, like Burger King and Wendy’s. What these adjustments indicate is that McDonald’s is committed to changing customer perception.  Another way companies can transform their brand recognition is by changing the way they communicate with customers.  Using Precision Marketing tactics to improve communications isn’t a new technique – as customer specific messaging has been a proven to work albeit infrequently executed – however, a recent initiative from the Los Angeles Department of Water & Power (LADWP) is worth relaying.

LADWP – Go Beyond the Meter

InfoPrint Solutions worked with the LADWP to revamp their monthly customer statements to better meet customer needs.  They refreshed the look and the feel by adding color, graphs and visual elements to show customer usage patterns, and made icons for each service (water, electric, gas) – making the bill easy to follow and understand.  The main objectives were: to improve clarity of the information; in turn reducing call inquires by 20 percent; influence customer behavior to reduce energy consumption and emissions; and lower the cost of statement operations through process automation.  The overall goal was to influence customer behavior to keep costs low, while better serving the customer’s communication needs. 

Mark Townsend, Assistant Director of IT Services for LADWP, detailed the case study at InfoPrint Solutions’ recent utilities marketing event, Go Beyond the Meter.  The redesign also garnered positive reactions from LADWP consumers and local media, such as Southern California Public radio and KCAL 9 Los Angeles.

LADWP Introduces New Bill Format

Although it may not be as global of an exterior makeover as McDonald’s, a bill redesign like LADWP’s can be just as successful.  The way organizations communicate to customers is a key factor in how they are being perceived and may be the most personal experience some customers have with the company.

Is there a particular brand reinvention that sticks out in your mind? How do you feel consumers react to companies changing their image?

By Jay Robinson

Senior Solutions Consultant, Professional Services and Softwar

Data Analytics: For Companies Big and Small

Wednesday, December 8th, 2010

Forbes.com recently posted an article about the trend of big corporations investing millions of dollars in data analytics, also known as data mining. In the article chief scientist at IBM’s Entity Analysts group, Jeff Jonas, spoke with reporter Kym McNicolas about why IBM is investing such a large amount and where the benefit lies.   

Jonas explains that IBM invested more than $12 billion dollars, purchasing 23 analytic companies, in the last five years and is projecting $16 billion in revenue in this sector by 2015. IBM sees this as a growing trend as companies are recognizing the benefits of data mining. There are many ways to optimize this data and companies like IBM and InfoPrint Solutions have thought of just a few major ones to start.

One value that has been seen of strong, inter-connected data mining is enabling companies to understand what is happening within all divisions of their organization to make better decisions faster. Jonas gives the example of retailers hiring individuals who have stolen from the same store previously. They have this information on file – why isn’t it connected to their “potential new hire” database? Companies want to be quickly provided with that information first and foremost before moving further with such people, ultimately attempting to eliminate this occurrence from happening.

A second trend is locating the consumer and using them as vehicles. In the day of Facebook and FourSquare, people are checking in and declaring their location constantly. Companies can utilize the consumer and target them with relevant information aligned with their day to day, such as personalized traffic reports or supplying location based Goggle results, which will come across as less intrusive due to the relevancy.

Many of our customers are not investing billions of dollars, but have seen a significant impact with smaller, minimal investments. InfoPrint Solutions is at the forefront of using data mining to help companies understand their consumers and help “connect the dots” between their silo’ed information and make it useful more useful to their bottom line.

In today’s world where the consumer is more likely to move to the competition if they’re not feeling valued, it is key to have data mining specialists analyze consumer habits and preferences to allow the opportunity to show that you, the marketer, are listening.  Doing so, can result in more loyalty and eventually higher sales. 

Do you see where the benefit lies in data analytics? Have you experienced those benefits yourself? Let us know your thoughts!  

Best,

Mike Bryant

Worldwide Customer Strategy Practice Leader