KEY CHALLENGES FOR MONETIZING BIG DATA POWERED AI: AN OVERVIEW
Banalytics - Monetizing corporate big data | Instarea
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Transcript of Banalytics - Monetizing corporate big data | Instarea
Market Locator | Big data based Population Analytics & Targeted Marketing
Matej Misik | Senior Consultant @ Adastra PartneringTomas Synek | Senior Consultant @ Adastra
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B2B Targeted Marketing &Population Analytics solution
Smart cities planning & using Big Data
Market Locator | Big data based Population Analytics & Targeted Marketing
Our clients’ big data realityThe “Maslow” big data monetization pyramid
Internal application
Full package
External use & monetization
Technology
Data Identification
The ultimate big data monetization point• Provide a full offering for B2B – a integrated and automated
solution for data resale and complimentary solutions
Create opportunity to provide data to external entities• Need for thorough ethical and legal examination to
provide data in a secure and profitable manner
DWH offloading• Reduce the load on expensive DWH
infrastructure and store data cheaper
Campaign optimization• Apply gathered data for purposes of customer
retention, up-sell, cross-sell
Opportunity mapping• Get a good understanding of existing and
potential data acquisition
Market Locator | Big data based Population Analytics & Targeted Marketing
You hear a lot about technology…You hear a lot about technology…
What the big data market has to offerAnd what the limitations / opportunities are
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You hear a lot about technology… What about application? How to use & sell?
Mostly oriented on internal use-cases
• Data monetization & Targeted Marketing• Solution created for monetization of your
valuable data• Self service app for your B2B customers• Multi-industry to include data from 3rd
parties
“Google AdWords & Google Analytics ”for the brick & mortar world
Market Locator | Big data based Population Analytics & Targeted Marketing
1) Identification & gathering of data (structured, semi-structured), aggregate, store efficiently in an accessible format
1b) Enrich with data from other sources and industries (each industry has unique valuable sources of info)
2) Efficiently store the big data -> use internal & external application create business case for technology
4) Combine for advanced analytics on population data to identify new opportunities, target audiences & insights
Targeted MarketingDevelop new offerings for your existing B2C customers and reach new prospects with one-to-one marketing
Population AnalyticsLaunch an online population analytics “shop” or platform for your B2B customers and monetize your enriched data
The processFrom the base of the pyramid to the peak
3) Ensure maximum data security and anonymize data (strict compliance with data and personal privacy)
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Market Locator | Big data based Population Analytics & Targeted Marketing
Solution
• Unique, data centric B2B service for analytics & targeted marketing
• Position Mobile Network Operator (MNO) as innovative leader in data analytics & value added services.
Challenge
• Wealth of data valuable to other organizations
• Customers open to relevant/timely offers
Results
• Pilot achieved < 1 year ROI for data and channel partner (MNO)
• Positioned it as a technological innovator with B2B clients & subscribers
Market Locator
The story behind Market LocatorCreating a value added data monetization service
Opportunity
• Market saturation in telco, but also banking
• Over the top disruption
Market Locator | Big data based Population Analytics & Targeted Marketing
Online tool, visual population heat-maps and simple target market filtering based on hard-data
Self service campaign creation, immediate execution & analytics. Event-driven campaigns
What monetizing corporate data can look like?Web based tool for analytics & targeted mobile marketing
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Self service BI & campaign creation
Self-service web shop for data and campaign credits
Integrated campaign reporting, invoicing
Web based solution with a simple graphic UI
Online data order processing and payment
Market Locator | Big data based Population Analytics & Targeted Marketing 7
You can register and test as normal user on app.marketlocator.sk/Security/Registration.aspx
Market Locator | Big data based Population Analytics & Targeted Marketing
Telecommunications§Data resale for both govt. & private sector analytics§ Targeted marketing solutions§ Shift toward broad B2B offering outside of traditional telephony
Banking§Understand where my target clients shop§Understand what complementary products they buy§Understand who my competition is & which customers they target
Internal application§Optimize campaigns based on where the target population is most
often present during certain times of day§ Possibility to delegate marketing efforts to local managers
Opportunity to become a media & marketing agency
Opportunity to deliver unique B2B analytical offer
Empower internal marketing with new
business oriented tools
The opportunities are present in many industries.
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Other industries / applications?Many face similar problems & opportunities in data monetization
Market Locator | Big data based Population Analytics & Targeted Marketing 9
The journeyFrom just big data to a physical Google Analytics & Google Adwords
ChallengeGive corporate big data a
palpable value
LegalLengthy legal & ethical
definition of constraints & definition of code of conduct
Data InvestigationFind out what data you have and could potentially gather.
Define use cases for data.
Combine with marketingBring together the world of
population analytics & targeted marketing
Market LocatorIntegrate with an accessible data monetization platform
Next stepsNew data providers & new
marketing channels
Done well, can be achieved in 3 – 5 months with low internal / external investment
Market Locator | Big data based Population Analytics & Targeted Marketing
Multi-provider in Slovakia
6 countries in negotiation
New analyticalcapabilities
New channels(email, MMS, billboards...)
New industry data
New targeting capabilities
Market Locator | Big data based Population Analytics & Targeted Marketing
Constantly in developmentImproving analytics - attribute distributions on map
Market Locator | Big data based Population Analytics & Targeted Marketing
Adastra Partnering, s.r.o. Francisciho 4 811 08 Bratislava
Phone: +421 908 481 099www.marketlocator.sk
[email protected]/AdastraPartneringtwitter.com/AdaPartnering
Make sure to check out
Adastra Partnering, s.r.o. 29. Augusta 36/A
81109 Bratislava 1www.adastra-partnering.com
Senior Business Consultant
Adastra [email protected]
+421 908 481 099Matej Misik
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