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21st July 2008

Analytics turn data into opportunity (article)

James Taylor Posted by James Taylor

Ed Garry of Oracle wrote a piece for Wall Street and Technology called Analytics Help Firms Turn Data Into Opportunity that I found last week. In it Ed talks about Real Time Decisioning platforms that “deliver both rules and predictive analytics to power solutions for real-time enterprise decision management”. Ed is, of course, correct though [...]

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posted by James Taylor in Business Rules, Customer Experience, Decision Management, Financial Services, Marketing, Predictive Analytics | 0 Comments

18th July 2008

Transpromotional marketing with EDM

James Taylor Posted by James Taylor

Transpromotional marketing - yes, another new phrase that I heard for the first time this week. Wooing Customers in a Weak Economy was the source - an article on 1:1. Chris Stone wrote the article and it talks about the need to use different channels to contact customers and to do so consistently and in [...]

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posted by James Taylor in Adaptive Control, Business Rules, Customer Experience, Data Mining, Decision Management, Marketing, Predictive Analytics | 1 Comment

7th July 2008

Here’s why decisions matter to the 8 Ps of Marketing

James Taylor Posted by James Taylor

Some time ago I saw an article that discussed the 8Ps (4 old, 4 new) of Marketing. It seemed to me that decision making, especially operational/transactional decision making is critical to most of these Ps. Here, then, is my summary of the 8Ps and why decisions, and decision management, matter.
4 Ps

Product
You might think that [...]

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posted by James Taylor in Business Rules, Customer Experience, Decision Management, Marketing, Optimization, Predictive Analytics, web 2.0 | 1 Comment

3rd July 2008

Don’t be creepy when you personalize

James Taylor Posted by James Taylor

The WSJ had a little piece today on personalization - Personalized Emails Are Creepy, Not Effective based on a study done some time ago but still very relevant in today’s market where companies are being told to personalize (including by me). Here are three quotes I think summarize the problem:
[there is a negative] response to [...]

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posted by James Taylor in Customer Experience, Marketing | 1 Comment

2nd May 2008

Here’s how you can deliver extreme personalization

James Taylor Posted by James Taylor

Two articles caught my eye yesterday - Robert Nascenzi wrote an article “Real-Time Segmentation Levels the Playing Field” over on Destination CRM while Jeremy Nedelka wrote “The Ultimate Personalized Marketing” over on 1:1. Both articles focusing me in on what I have called “extreme personalization”. Jeremy’s article was a cute story about a school targeting [...]

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posted by James Taylor in Customer Experience, Decision Management, Marketing | 1 Comment

19th February 2008

Using EDM for ‘Long Tail’ Algorithms

James Taylor Posted by James Taylor

I saw this post recently - “The fat tail will be human, the medium tail social, the long tail algorithmic” - in which Chris Anderson (author of The Long Tail) says “The short head will be human, the fat middle social and the long tail algorithmic”. This made me think some more about the role [...]

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posted by James Taylor in Adaptive Control, Business Rules, Business Strategy, Customer Experience, Data Mining, Decision Management, Innovation, Marketing, Predictive Analytics | 0 Comments

7th November 2007

Using decision management to move marketing to the next level

James Taylor Posted by James Taylor

I always enjoy reading David Raab’s work and his recent post on marketing software was no exception. In The Next Big Leap for Marketing Software he makes a number of great points and I particularly like the steps he lays out for getting people on board. I have blogged before about the value of using [...]

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posted by James Taylor in Customer Experience, Data Mining, Decision Management, Marketing, Predictive Analytics | 0 Comments