Showing posts with label #marketing. Show all posts
Showing posts with label #marketing. Show all posts

Thursday, 22 December 2016

Why hackathons are valuable for marketers as well as techies ?


Why hackathons are valuable for marketers as well as techies ?

Free picture from https://unsplash.com 

Marketing Hackathons let people express their creativity and bring innovative ideas

              Getting new ideas and innovative ways to improve either your product or the customer journey is a great asset that needs to be taken very seriously by companies. One effective fashion to do so is to organize a hackathon within your company or an event much more larger, gathering people from various places.
Although, in the tech industry Hackathons are usually dedicated to coders to come up with a new product/service or make an existing product/service much more powerful, it can be associated with a marketing approach as well.


Why considered Marketing Hackathons as a real asset?

              The giants of the Tech Industry have organized Hackathons for more than a decade now.  Thus, those types of events are not only dedicated to find innovative ideas even if it remains the core and the goal of it. How can it be more than that and what can it bring to a company (or an industry)? David Moth, the writer of this blog article and the Head of Social Research at EConsultancy, tells us in what ways hackathons are a useful tool.

 Get your people out of their comfort zone:

It is important not to remain locked up in your routine and to step out in order to provide variety in your employee daily tasks. Hackathons allow your team to be challenged in a different way from their everyday duties.

Help your employees to see the bigger picture:

This type of event let the participants work on a project from scratch. Meaning, that they will not only be focus on what their business unit provides in the customer journey rather they will have a broader view of it. Eventually, this will be useful at a certain point in their day job to get a different approach.

Puts back the focus on the customer:

The user or customer experience is what makes your product more (or less) appreciated by the customer than your competitors. Thus, it is a key point that not enough companies focus on. Just as the previous point, this will makes your employees to get a broader view of the customer journey. It is critical that all the people working in the company understand and visualize the customer process.

 Work with new people:

This is basically how networking works. This is an opportunity to get around new people, to discover new ways of working.


All these things will lead to new and innovative ideas that might be implemented in the customer journey. 

Why does it matters to us ?

              As both of us had the opportunity to work in the tech industry, we experienced that collective cognitive experiments often bring the brightest ideas. While engineers are used to collaborate and share information as a piece of open source code on GitHub for instance, open teamworking is scarcer in the marketing field.

Design thinking, defined as “design-specific cognitive activities that designers apply during the process of designing” is, besides being the root of IBM culture, more and more important in operational activities. Connecting global creativity, innovation and knowledge is, according to us, a very relevant way to come up with solid marketing campaigns. This statement is even more accurate in the digital industry which offers flexibility, responsiveness and open-data. Thus, teams can easily design viral ideas and develop them to fit with the media or audience targeted.

This blog post states that “nearly 73% of company are working towards delivering cohesive customer experiences, rather than standalone campaigns or interactions." This statistic is very important in a marketing area where network effects are catalysts of growth. The more the customer fells incorporated in an ecosystem, the more he or she will tend to be loyal, and, the more the network will appears as attractive for prospects. A marketing ecosystem can, of course, be designed by a single person in a single office, but there is a lot to bet that the experiment will be way more colorful, original and polyvalent if many people, with a different background and ideas are working on it in an open-information state of mind.

Today, more and more firms claim to use the Agile management method and even bigger firms as Facebook are managing projects with a start-up spirit. Developing non-tech Hackathons is, from our viewpoint a good way to break internal silos and enhance the development of “out of the box” ideas. For instance, the Banque Populaire Occitane built an innovative event to imagine new services of proximity and to stop the drop in frequentation of the agencies. With the operation "Hacker the agency! ", customers, collaborators, as well as developers and digital experts worked hand in hand in order to emerge the uses of tomorrow in bank branches. The first prize was eventually awarded to a project aimed at proposing to the clients, in the rural agencies, office space of the bank for work meetings or even coworking.


To conclude, we choose this article in order to highlight the fact that digital marketing isn’t cantoned to a large amount of digital campaigns. A true digital strategy is based on an impactful ecosystem of customer experience that is composed on relevant and linked initiatives. Those kind of operational initiatives are the fruit of a global reflexion and Hackathons are a great way to confront ideas and processes in order to build a solid, accurate and cost-effective digital marketing strategy.

Mehdi Sijelmassi
Maxime Kozminski

Additional sources:

Wednesday, 30 November 2016

Current and Future of Location Based Marketing



            Location based marketing is just another useful tool for businesses to utilize that exists because of emerging technology. It would have been the dream for advertisers decades ago to have access to the information of the where abouts of their potential customers. Now, with all of the services and tools that are experimenting with location based services, it made the tracking of consumers possible. The one thing about location based service is that people might shy away from the option to ‘actively check in’ into the service, without a huge incentive for them to do so, it’s useless to simply ask people to turn on the location option. What does seem to contribute to the success of location based marketing more is the act of passive check ins. Passive check ins include when people tag themselves in a location on a picture or video they post to Instagram, Facebook, Twitter etc.
            Looking at current trends, it is a must to invest in location based marketing as it has a promising future. According to statistics, nearly a third of the world’s population will own a smartphone in 2017. Plus, 80 percent of all social media is happening through a mobile device, and social media platforms are the easiest ways to encourages users to geotag their content.
Above all, mobile commerce continues to become more prevalent for companies. B2C businesses are serving localized ads to nearby customers, localized ads can raise the conversion rates threes times more than regular ads. Author Aaron Strout lists the four important areas that are key to grasping the value of location based marketing currently:
1.     Sensors: Technology such as Bluetooth Low Energy beacons, sensors allow near-field communications between a user and their smart device. This allows the ability to wake up in-store apps. Both Samsung and Apple has included NFC chips in the past two generations their smartphones.
2.     Geo-Fences: These are fences that use GPS, Wifi, electromagnetic fields or RFID technologies for companies to trigger and collect data when the user enters them. This technology needs to be paired with a mobile app with location service turned on or by a geo tagged post on a social media platform.
3.     Context: The right context is crucial to location based marketing. To market to the customer, knowing where they come from and where they are going is a must. So, it is critical to map functionality to location, since with location based marketing the experience the customer is getting is happening in real time.
4.     Ad tech: $100 billion is expected to be spent on mobile advertising this year, it’s clear that marketers understand its’ importance. There is great leverage for retailers to adopt location based ads besides social and in app.

              So what does the future hold for location based marketing? As we have concluded it’s significant to the future of advertising. Strout suggests in the article that more and more sensors existing in smartphones and now fitness bracelets will increase context for marketers. Secondly, augmented reality; even though as of now, more augmented reality apps are entertainment based, there is a huge opportunity in this field for location based marketing. Strout envisions every major retailer to use smart bots and augmented reality to create personal shoppers or concierges for the customers. In conclusion, there’s much room to grow in the department of location based marketing. It would be valuable for retailers to keep in mind. 

Rose Yin, Yauheni B. 


Source of article: http://marketingland.com/location-based-marketing-going-195732