Posts Tagged ‘Persona based Business Intelligence’

Predictive Analytics Tools that Rule #In Advertising or @eDiscovery_

2011/02/10

Advertisers, executives and now eDiscovery lawyers look to the promise of predictive analytics to fulfill an innate desire to predict and influence the future though would learn much more from Chanel No5, the mother of predictive analytics tools.  Let’s look at Predictive Analytics first and Chanel later.

Predictive Analytics

Predictive analytics is an outcome delivered by the application of tools and techniques that link numbers and stories and provide insight today to what might happen tomorrow, much like the gypsy in a tent.

The attraction of predictive analytics story to executives is quite high as they struggle to align future products to constantly changing customer needs or for lawyers that lead E-Discovery teams as they look for a way to predict which numbers and stories embedded in data will help them prevail in their stewardship of  typically high cost, low value eDiscovery projects.

Link Numbers to Stories to Predict Future Events

As a fully recovered accountant I learned how stories magnified  the value of analytics as I delivered services with Microsoft, Cognos, Business Objects or other technologies to global corporations.

These are the tools that I used;

1. ‘Story or Perspective Lens’.

Story | Process | Software or Idea | Brand | Numbers or KPIs

Stories align People, Content & Purpose

Tell a story twice and it becomes a Process.
Tell a story three times and software is made to speed up Processes.
Tell a story four times and you create a Brand value.
Tell a story five times and someone creates a KPI to measure.

Anyone can point a Perspective Lens at a corporate value chain to obtain a clear understanding of what is happening there today and what will happen in the next 6 to 12 months.

Two simple tools to magnify the value of a story lens:

1. Personae–build key personae with a focus on behaviours
2. Scenarios–gather stories at the core of financial forecasts across a corporate value chain

Predictive Analytics, Personae & Scenarios

Identify the Personae across a corporation’s global value chain and use predictive analytics to determine how their behaviours may change over the next 6 to 12 months.

Target and understand the relationships of key stories embedded in the corporation’s financial forecast.

Modify some original stories according to anticipated changes in Persona behaviours or add new stories to reflect unforeseen events such as Barrack Obama being elected as the next US President.

Label the first story cluster Scenario1 and the new cluster of stories Scenario2.

Scenarios & Future-Proofing

Future-proofing is a concept that uses scenarios to avoid disaster or exploit opportunities in the future.

Consider how you would manage and align the business if the world unfolds according to the stories in Scenario1 or what might be done if the world unfolds according the Scenario2.

Predictive analytics, Perspective lenses, Personae and Scenario analysis help us deal with the future now.

Chanel No5, Stories and Numbers

All storytellers intuitively understand that numbers and stories are complementary and as a storyteller I must point out that at one time stories and numbers were one and indeed even today a number evokes many stories–the numbers 7 or 4 in the Chinese culture or even the number 5 in our own.

Chanel No5 and the African link to Predictive Analytics

In the Yoruba tradition of Nigeria the deity of love, sexuality and finance is OSHUN and her number is 5.

Coco Chanel must have known about the mythical connection or was extremely lucky to have named her iconic scent No5 though either way the connection of stories and numbers is important.

Numbers, Stories & Behaviours

Studying Jung’s protégé  Marie-Louise von Franz offers researchers more resources in the exploration of the links between numbers and stories though I suggest starting with; 

On Divination and Synchronicity: The Psychology of Meaningful Chance. Originally Presented As Lectures at the C.G. Jung Institute, Zurich (Studies in Jungian Psychology) (Paperback) by Marie-Louise von Franz

Storytellers

Stories are the core of what we are and what we do, and for those with an unclear understanding of the expertise offered by a storyteller means let me offer this view—Storytellers perceives by measuring differently and has the ability to magnify any Predictive Analytics project, though it is important to note that there are five levels of experience that storytellers traverse;

  • Hear a story
  • Repeat a story
  • Tune  a story
  • Create a story
  • Live a story

Join us to explore the application of Predictive Analytics  to Advertising or E-Discovery.

Cheers,
Nick
nick@scenario2.com @SpeedSynch @eDiscovery_ @ResonantView

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Internet Marketing Persona Master Classes

2010/07/28

Our internet marketing persona master classes are scheduled for September 28, 2010 and delivered by webinar.

Internet Marketing Persona Master Class Schedule

  • 10:00     Introductions and Group Orientation
  • 10:15     Topic Selection – Master Class Objectives  — Web and Social Media, Product and Customer Persona
  • 11:00     SEO Master Talk – Identification of keyword phrases and SEO niche market opportunities
  • 11:30     Competitve Analysis – SEO Aligment Index and competitve analysis best practices
  • 12:00     Master Class questions, answers and distribution of tools and additional resources

MASTER CLASS FACILITATORS

  • Persona — Nick Trendov
  • SEO — Terry Lewis

FEE  $ 50 payable by PayPal or cash.

MASTER CLASS CONTENT– sent to registered attendees

INFORMATION CONTACT — Nick Trendov @SpeedSynch or www.speedsynch.com

Yahoo Personati

2009/08/16

Yahoo has used personae for close to ten years now to help them serve their customers better and maximize revenues to achieve success in the brutally competitive search market.

However, Yahoo uses personae strictly to group user interaction behaviours of their customers as indicated here:

Yahoo recently sent a Yodel Ancedotal message to customers focused on (Neuro)Persona behaviour surveys:

we look at the story of Jewellery repair and FedEx.

What’s your social mojo?Posted: 13 Aug 2009 10:08 PM PDT As Twitter becomes more mainstream, everyone and their mother (and grandmother… and mayor… and daytime TV host) is trying their hand at the tweet. But what they might not realize is that how you use Twitter can say a lot about you. In honor of our new Yahoo! Homepage, which was designed to be customized to reflect your true personality, we’ve launched a new tool that helps you analyze your social mojo. Just enter your Twitter username and our highly scientific pipe thingy goes to work to determine exactly what kind of Twitter persona you possess. You might be a:

  • § Headliner – You’re the star of the Twitterverse, have tons of followers, and have retweets the likes of Ashton Kutcher and Perez Hilton
  • § Crowd Pleaser – You use lots of hashtags and are in on all the hot conversations
  • § Cheerleader – Retweeting is how you roll
  • § B.F.F. – Your volume of @replies makes you everybody’s best bud
  • § Party Animal – With so many followers, you’re the life of the party
  • § Private Eye – Like any good investigator, you’re following a boatload of people
  • § Concierge – You live for links and sending people to the best stuff
  • § Word Whiz – You’re a natural wordsmith and make the most of your 140 characters
  • § Lone Wolf – You’re more of a low-profile type (some might even accuse you of lurking)
  • § Name Dropper – You use lots of @names when you tweet
  • § Matchmaker – You pass along lots of URLs to make sure everyone’s connected
  • § Wall Flower – You don’t tweet much but you’re still in on the party
  • § Novelist – You have a lot to say and tweet with a lot of characters to prove it
  • § Shadow – You follow lots of people like a good shadow would
  • § Scenester – If there’s a hashtag conversation happening, you’re there
  • § Tweethead – Your high number of retweets shows you like to spread the good stuff

 
And once you get your assessment, we suggest a number of related websites that you can add to your very own Yahoo! Homepage to help feed your mojo.

Give it a try — http://yahoo.knowyourmojo.com… and then tweet about it. (And be sure to follow us on Twitter — we’re a Concierge.)

Nicki Dugan
Blog Editor

Now why is this important to Yahoo?  Simple, if Yahoo can accomodate behaviours the actual people exhibiting the behaviours are irrelevent in that it doesn’t matter if they are young, old, rich, poor, strong or weak.

Elementally (Neuro)Personae render marketing segmentation analysis redundant.  I would have said useless, but in my view it has been that way for decision making for a considerable period of time.

Cheers,

Nick www.adscenario.com www.neuropersona.com www.speedsynch.com

Persona & Marketing Performance

2008/11/12

How do winners measure Marketing Performance?

Look at all those companies and organzations that are successful and you will see a common theme, service.  Profit may not event be in the top three KPIs or key performance indicators and that is because profit is a symptom or result of success not the cause.

Service.  It sounds simple though it requires consideration, focus and dedication, all of the things in short supply when times are tough.  Oddly enough one of the toughest things required to be of service is to measure differently and shift perspectives from being a seller or provider to a buyer.

How does one accomplish a perspective shift?  It may be easier to identify ways that it is not accomplished. 

Do not offer services that have been successful yesterday.  In tough times or good times people adjust and change the way they operate.  This can be described as a change in process.  All of the products or services that they bought yesterday served yesterdays processes and don’t fit today.

Do not copy your most successful competitor as they for similar reasons will be selling products and services that will not be in demand tomorrow and even more importantly it is extremely difficult to change what everyone sees as successful behaviour.

Do not listen to your most value customer as they typically demand help for problems that are causing them the most pain.  Pain points can switch very quickly and hurt you too especially if you have built an inventory or trained staff to accomodate a problem that is about to disappear or be replaced.

But then what do we do and how do we shift our perspective to that of a buyer and attract success?

Understanding what people are about to do so that you can accomodate future success is the path less travelled and can be achieved with simple tools and consistant focused effort. 

Here are two simple steps that will start you on the path. 

  1. Pick the most successful products or services in your market, yours and your competitors and then identify the buyer processes that they serve today.  Use this ‘magic pair’–product/service and buyer processes–and overlay them on top of your market segment lables.  Pay close attention to those market segments that have the same processes. 
  2. Create a Personae based on groups of buyer behaviours that may span market segments and then match the Personae to the products and services identified in step 1.  

Now it gets simpler, we watch.  We are watching for small changes in processes important to people while simultaneously watching to see if products or services are changing to accomodate processes that are new to our understanding of what buyers need today.  In my experience this exercise provides a clear and simple indicator of what our clients, current and future, want tomorrow.

The simple truth of Marketing Performance or any performance indicator is that it measures what just happened, what was important yesterday.  Shifting your perspective to Persona Behaviour will permit you to serve with future need in mind.

Once this is done please remember to shift your perspective of performance as your old measures, like fish on a counter in the hot sun, will start to smell badly, very quickly.

Cheers,

Nick  nick@scenario2.com 

TIPS, TOOLS, RESOURCES 

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