a new wave of digital engagement - oracle new wave of digital engagement using mobile technology to...
TRANSCRIPT
Introduction
Ten billion. By 2021, there will be
approximately 10.4 billion connected
mobile devices in the world.1
That’s easily more than enough for every
man, woman, and child. It’s not surprising,
considering that mobile has become the first
place we look to for information; in 2015,
it overtook desktop as our most-used digital
platform,2 and the time we spent watching
videos on mobile devices outpaced the
time we spent watching TV.3 In fact, almost
50 percent of those aged 18 to 34 watch
videos only on mobile devices.4 Given
that 80 percent of internet users own a
smartphone,5 there’s even a good chance
you’re reading this paper on a mobile device.
Mobile has changed the way we search
for, consume, and share content. Thus it
is no wonder that organizations are looking
for new and innovative ways to use mobile
technologies to gain competitive edge and
lead their market.
In this paper we will explore new waves of
digital engagement, where so-called mobile
moments matter most. First, we will define
what mobile moments are and why they are
important, then we’ll look at four ways you can
use them to overcome your most pertinent
challenges and increase your company’s ROI.
1 Ericsson, “Ericsson Mobility Report on the Pulse of the Networked Society” ericsson.com/res/docs/2016/ericsson-mobility-report-2016.pdf.2 comScore, “Mobile Internet Usage Skyrockets in Past Four Years to Overtake Desktop as Most Used Digital Platform,” comscore.com/Insights/Blog/Mobile-Internet-Usage-Skyrockets-in-Past-4-Years-to-
Overtake-Desktop-as-Most-Used-Digital-Platform.3 Kantar Millward Brown, “Video Viewing on Digital Now Matches Time Spent Watching TV, but Low Digital Ad Receptivity Brings Targeting and Creative Challenges,” millwardbrown.com/global-navigation/
news/press-releases/full-release/2015/10/14/video-viewing-on-digital-now-matches-time-spent-watching-tv-but-low-digital-ad-receptivity-brings-targeting-and-creative-challenges.4 Business of Apps, “Mobile Video Usage and Advertising Statistics,” businessofapps.com/video-gone-mobile-consumption-and-marketing-statistics/.5 Ibid.
Mobile MomentsEntering a new world of engagement.
Just 15 years ago, the thought of us carrying
the internet or a personal computer in our
pocket was unfathomable. Today, we can
browse the web, shop, take pictures, navigate,
and make phone calls simply by swiping or
touching our smartphone screen. We’re also
able to accomplish specific tasks through the
use of apps that are designed to cater for
our immediate needs, whether it’s booking
a ride-share, using a local food-delivery
service, or instantly transferring money
to a friend. This immediate engagement
has created mobile moments: real-time,
intent-driven interactions that require only
a glance—yet deliver information we can
consume and take action on straight away.
As mobile empowers us to search for
and discover products on demand—from
anywhere, at any time, for any reason—it
also poses new challenges for businesses. As
consumers, with the world’s information at
our fingertips, we’ve become accustomed to
shorter informational exchanges, but we still
expect the maximum value from each product
and business with which we interact.
Did you know?
89 percent of our time spent on mobile media is through apps.6
6 Smart Insights, “Mobile Marketing Statistics Compilation,” smartinsights.com/mobile-marketing/mobile-marketing-analytics/mobile-marketing-statistics.
As business executives, managers, and
directors, we must adjust the way we engage
with our customers to accommodate this shift
in consumer behavior.
Why? In a world where mobile technology
is accessible to all, our competitors are just a
click or screen tap away our customers have
many choices, and we must compete for the
mobile moments that will attract and keep
them engaged. Whereas Likes and Follows
used to be adequate measures of customer
interaction, quantifiable omnichannel
experiences are now necessary in the battle
for customer attention, and incremental ROI
generated through those experiences is more
difficult to gain and more important than ever.
It would be easy to pass off ROI as a
measurement within someone else’s remit.
But as the fight for share of mind and share
of wallet increases, it becomes everyone’s
responsibility—including yours. The question
is: How do you make your mobile moments
relevant enough so that they win both mind
and wallet, and how can you understand the
interactions surrounding these moments to
generate a positive ROI?
Did you know?
Snapchat, an app built on the premise of sharing 10 seconds of content with other users, had an estimated value of US$25 billion in 2016;7 more than triple the value of the world’s leading book publisher.8
The Four Secrets of Mobile Success
To maximize ROI in this new world of
mobile engagement, it’s vital that you:
• Master the customer experience and
engage in real time
• Measure, gather, and personalize
• Automate, predict, and optimize
• Differentiate through innovative and
easy-to-use technology
7 Maureen Farrell, Juliet Chung and Rolfe Winkler, “Snapchat Parent Working on IPO Valuing Firm at $25 Billion or More,” Wall Street Journal, October 6, 2016, wsj.com/articles/snapchat- parent-working-on-ipo-that-could-value-company-at-25-billion-or-more-sources-1475778314.8 Jim Milliot, “The World’s 52 Largest Book Publishers, 2016,” Publishers Weekly, August 26, 2016, publishersweekly.com/pw/by-topic/international/international-book-news/article/71268-the-world-s-52-largest-book-publishers-2016.html.
Did you know?
Nine out of 10 marketers surveyed listed approval delays as the top reason for missing deadlines.9
Each department within every organization
has its challenges. Perhaps your marketing team
doesn’t hold true ownership of the customer
experience, and there are too many levels
of approval in place. Maybe your customer-
service team only uses email instead of a
messaging platform, and can’t reply to requests
as efficiently as expected. It might be that your
salespeople spend the majority of their time
responding to questions that are simple enough
that they could be answered either by self-
service or an automated-response system.
Whatever the reason, barriers not only
frustrate your workforce, but also hinder your
ability to react to user behavior in real time.
In an era of mobile ubiquity, that just won’t
do! Immediacy is critical, and in a world
where millennials will make up 50 percent of
the workforce by 2020,10 four in seven of the
world’s population prefer using messaging
apps such as Slack, Facebook Messenger,
WhatsApp, Snapchat, and WeChat, to email.11
It’s no wonder, then, that 65 percent of
consumers would rather use a messaging
platform when reaching out to customer support,
when confirming an appointment, or when
getting product or service information.
Mastering the Customer Experience
9 Gleanstar, “The $958m Marketing Problem,” resources.kapost.com/rs/kapoststd/images/$958m-marketing-problem-quantifying-the-cost-of-inefficiency-in-your-content-production-processes.pdf.10 PwC, “Millennials at work Reshaping the workplace,” http://www.pwc.com/m1/en/services/consulting/documents/millennials-at-work.pdf. 11 Statista, “Most popular mobile messaging apps worldwide as of April 2016, based on number of monthly active users (in millions),” statista.com/statistics/258749/most-popular-global-mobile-messenger-apps/.
The Challenge
Additionally, surveys reveal that over 50 percent of consumers would consider making a
purchase on a messaging platform.12 With these increased preferences towards mobile
messaging, businesses need to use mobile moments to transform messaging apps from a simple
communication channel into multichannel engagement platforms. This transformation could
fundamentally alter how customers behave when consuming information.
A great way to give your customers a
satisfyingly real-time and relevant experience
is to move the zero-moment of truth (which
is defined as the exact moment a customer
has a need, intent, or question that needs
to be answered) from a search setting to
a conversational one. You can move this
moment by automating a customer’s first
interaction and proactively engaging them
with an innovative, intelligent, self-service
tool that offers faster and more complete
engagement than a human sales or service rep
could. Welcome to the world of the chatbot:
the intelligent, digital, and virtual assistant.
Imagine having an airline chatbot, for example,
that could search every available flight on
your preferred airline (proactively taking into
account your preferred departure times, seat
preferences, connection requests, in-flight
entertainment options, and—of course—ticket
price). It could then help you book your ticket,
automatically check you in, and send you your
boarding pass on your way to the airport,
eliminating many of the self-service steps that
we go through today.
Imagine a sales-advisor chatbot that could
recommend products based on your tastes
and responses to a few quick questions.
Did you know?
There are more people on messaging apps than there are on social networks.13
The Solution
12 Forbes, “Fifty Essential Mobile Marketing Facts,” forbes.com/sites/cherylsnappconner/2013/11/12/fifty-essential-mobile-marketing-facts/#359b01707b7e. 13 Business Insider, “Messaging Apps Are Now Bigger Than Social Networks,” businessinsider.com/the-messaging-app-report-2015-11?IR=T.
Now imagine chatbots designed especially
for your employees: a CRM chatbot that can
tell your salespeople which leads to focus
on based on a customer’s propensity to
purchase similar products, or an HR chatbot
that lets you request travel approvals, create
time cards, book travel, order supplies, and
schedule reminders.
There are now solutions that can help build
intelligent chatbots that leverage commonly
used messaging platforms to interact with
customers, partners, and employees. These
chatbots can be designed to target and
engage with users based on their geography
and other factors, in real time; offer push
notifications based on preset parameters;
use in-app messaging and SMS to engage
customers based on segment analysis; and
improve your workforce’s job satisfaction
by freeing them to focus on strategy and
problem-solving rather than the execution
of mundane activities.
What’s more, developing these chatbots is
getting easier through the use of modern-day
technology platforms. There are even ways to
create chatbots like this without using code!
When you move the zero moment of truth
onto a messaging platform, customers can
engage without ever having to leave the
conversation to look something up.
Continued engagement can lead to higher
retention, and higher retention can lead
to improved ROI.
Did you know?
By 2020, a US$1,000 computer will have the same processing power as the human brain.14
14 BCNet, “When Will Humans Have the Power of a Human Brain,” bostoncommons.net/when-will- machines-have-the-power-of-a-human-brain/.
To succeed in mobile—and in this era
of ever-increasing expectations—you’ll
need to personalize and tailor your
communications. At scale, that can
prove difficult. In fact, companies spend
a shocking US$958 million a year in
inefficient or ineffective content marketing.15
Currently available analytics tools are
becoming more and more sophisticated.
These tools offer capabilities for segmentation
and targeting based on user behavior,
from session time to location. Using the
right mobile analytics solution allows you
to gain valuable insight that can help you
to understand, at scale, the ambiguity
surrounding your customers so that you can
deliver relevant, timely, and personalized
messaging to them, which can increase
meaningful engagement, and ultimately,
positive ROI.
Chatbots can also lend a virtual helping hand
here—by learning from customer interactions
and offering automated, personalized
recommendations.
Did you know?
94 percent of customers have discontinued communication with a company after receiving irrelevant messages.16
Personalizing Engagement
The Challenge The Solution
15 Gleanstar, “The $958m Marketing Problem,” resources.kapost.com/rs/kapoststd/images/$958m-marketing-problem-quantifying-the-cost-of-inefficiency-in-your-content-production-processes.pdf. 16 Janrain, “2014 Consumer Research: Social Login and Personalization”, janrain.com/resources/industry-research/2014-consumer-research-social-login-personalization/.
Acquiring and engaging customers is
undoubtedly a valuable process, and one that
deserves due investment. Still, with disparate
data from multiple sources and confusing
attribution models, it can be difficult to see
what’s happening across all of your channels
and across the entire customer journey in order
to quantify ROI and plan for growth. In fact,
only 36 percent of marketers use quantitative
approaches to prove the value of their work, and
just 32 percent use available marketing-analytics
packages to make decisions.17
Did you know?
82 percent of enterprise marketers don’t have a synchronized view of customer data.18
Predicting Customer Behavior
The Challenge
17 CMO Survey, “Ten Steps to Better Use Of Marketing Analytics,” cmosurvey.org/tag/marketing-analytics-2/.18 Perfiecient, “Oracle OpenWorld: When Social Data = Opportunity”, blogs.perficient.com/oracle/2014/10/02/oracle-open-world-when-social-data-opportunity/.
In order to take control of tomorrow, you
must understand today. Start by analyzing
and segmenting your customer information
with tools that measure digital traction (active
usage × engagement × personalization at
scale) so that you can monetize the customers
you’ve already attracted and retained.
These tools provide visibility into your current
metrics and performance, proving ROI through
user and session reports, cohort and retention
analysis, funnel analysis, user path and flow
analysis, and more.
Once you’ve gained customer-engagement
insights from these tools, you can use the
conclusions not only to optimize your campaigns,
but also to predict how people will interact
with your products and services. Some analytics
tools now use embedded algorithms that
are sophisticated enough to produce predictive
churn metrics. By allowing these tools to
understand which customers are most likely
to leave you based on a variety of complex
indicators, you’ll be able to target at-risk
customers with personalized offers before they
abandon your company.
Many tools also offer cross-channel visibility
and cross-platform integration, including with
services like chatbots, to give a holistic view
of your customer activity.
Soon, even chatbot platforms will use these
predictive algorithms to engage you (with
your consent), before you ask a question or
consider abandoning a product. Take, for
example, a financial services company chatbot
that could proactively suggest, based on your
spending patterns, switching to a different
banking or credit-card account in order to
increase your annual rate of return or save you
money. If this mobile moment were predicted
and initiated before you even considered
switching financial providers, wouldn’t you be
less likely to leave, and think more highly of
your current financial institution for saving
you money?
The Solution
All of the above is great news for your business, but
you may ask: “Is more technology really required—
and how can I use it to better engage with my
customers, prospects, and employees?” If your
current solutions seem complex, the idea of adding
more technology may seem absurd—but in fact, the
right tech tools can make your organization easier to
run and are worth the investment.
Did you know?
Gartner estimates that in 2017, marketing organizations will spend more on technology than IT functions do.
Using Technology as a Strategic Differentiator
The Challenge
Today, every business has multiple technology
solutions. The organizations that succeed are
those that are able to leverage the technology
easily to achieve the results they want. This
is usually accomplished in one of two ways:
either by having a talented engineering team
that can support each line of business at
every turn, or by using powerful (yet easy-to-
use) technology that can give companies an
advantage over their competition.
Cloud-based, integrated, ultraintuitive,
modern digital-engagement solutions are
one such type of technology. These solutions
can help you to create, test, and deploy
chatbots by dragging and dropping custom
components, and by adding virtual assistants
to messaging platforms to take advantage
of customer-channel preferences. They can
help you build codeless apps and microsites
in minutes using nothing but your browser,
reducing your reliance on IT. They can also
help you to understand why customers have
gone quiet so that you can effectively target
and engage them in an effort to increase your
company’s ROI.
What’s more, these solutions can leverage
and integrate with your current infrastructure
to bridge gaps in functionality and connect
your back-end systems, ultimately unifying
your data, your messaging, and delivering that
omnichannel customer experience you desire.
The Solution
There are so many reasons you need to
make sure digital engagement is not just on
your business’s radar, but at the center of
everything you do:
• Real-time engagement is critical, and
competition for share of mind and wallet
has never been higher. Neither have
customer expectations.
• ROI is your responsibility. And you can
only achieve it by delivering memorable
mobile moments.
• Fragmentation can slow you down.
Piecemeal and in-house solutions might
have gaps, may measure metrics differently,
and can fail to fully engage customers. The
result? Blind spots in segmentation and
communication, and inaccuracies in data.
So how can you choose the best tool for
your business? Start by seeking one that:
• Allows you to instantly engage with
customers in a way that’s relevant to them,
their devices, and their chosen channels
• Is automated or semiautomated, providing
an easy-to-use yet powerful 360-degree
view of customer behavior
• Can simplify coordination and collaboration
between internal and external teams
• Will decrease time to market—whether
you’re working on an app, an email, or an
entire ad campaign
• Delivers complete integration and unity
The right technology investments can help
you meet these needs. They should be:
• Comprehensive
• Open
• Integrated
• Secure
To Sum Up…
Oracle Mobile Cloud
Did you know that you can now build mobile apps in minutes—whether you know how to code or not? You can do it using Oracle Mobile Cloud Service: the cloud-based tool that makes development easy by dealing with the complex server-side programming, reducing the redundancy in creating back-end code blocks and providing ready-to-integrate features. Plus, you can use it to target and engage with mobile customers based on factors such as their geography—offering relevant content, information, and products to them in real time.
In addition, the platform’s innovative chatbots tool will enable you to build and deploy chatbots in media where your customers can have contextual conversations with these intelligent virtual assistants!
There’s also a new way to gather relevant customer data in Oracle Mobile Cloud and turn it into actionable insights: It’s called Oracle Customer Experience Analytics. This can help you get the digital traction you need to engage consumers effectively, and acquire, retain, and monetize customers. By measuring and understanding mobile user activity, Oracle Customer Experience Analytics allows you to communicate with users based on who they are, what they’re doing, and where they’re located. How? By tracking events across every channel, from mobile and web apps to chatbot conversations.
Oracle Content and
Experience Cloud
Oracle Content and Experience Cloud is a cloud-based content hub that drives omnichannel content management and accelerates experience delivery to keep pace with the immediate demands of today’s mobile users.
Powerful collaboration and workflow-management capabilities streamline the creation and delivery of content, and improve both customer and employee engagement.
With Oracle Content and Experience Cloud, you can rapidly collaborate on mobile devices, drive content approvals, and generate personalized, context-driven experiences that will engage users. Built-in, business-friendly tools make creating new mobile web experiences with stunning content a breeze—and for developers, content APIs and SDKs are available to enable consistent experiences across all mobile channels.
What Next?
To learn more about Oracle Cloud Platform, which is driving next-generation mobile experiences, start with a free trial of Oracle Mobile Cloud or Oracle Content and Experience Cloud.
Go to cloud.oracle.com/tryit to try Oracle Cloud Platform and start for free.
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