3 Crucial Elements Marketers Must Consider When Implementing AI Strategy, Organization, and Technology

3 Crucial Elements Marketers Must Consider When Implementing AI

Watch this rare webinar with Analysts from Forrester Research and VentureBeat hosted by Blueshift about getting the most out of your customer data with AI
This blog is the second installment of a 2-part series on how artificial intelligence (AI) can help marketers put their customer data to work discussed in a rare joint webinar with Forrester Research and VentureBeat.

In the first part of this series, we explained how marketers can win their customers’ moments if they fully harness all their customer data — which is easier said than done since most marketers admit to only using 10% of their customer data.

“50% of Marketers State Data Unification as their Greatest Challenge to making the most of their customer data.”

Having existing data silos is one of the main reasons why marketers cannot fully leverage all their customer data. Customer data often sits in disparate and geographically dispersed systems. “Marrying” all this data can be extremely difficult. At a recent Forrester webinar, half of polled marketers said that data unification is their greatest challenge when they want to make the most of their customer data.

half of polled marketers said that data unification is their greatest challenge when they want to make the most of their customer data.

Armed with artificial intelligence (AI), however, marketers can successfully break data silos and effectively generate and orchestrate customer insights and actionable intelligence quickly.

But hold on…don’t end up like countless other marketers who have battle scars from trying to bring AI into their organization. I have personally spoken with dozens of marketers and product leads who have “battle scars” when trying to implement AI into their marketing stack in the past. Before you implement AI, first consider these three crucial dimensions (Strategy, Process, Technology) in order to make the most of your AI investments and avoid costly mistakes.

 

Strategy

It’s fairly straight-forward… don’t jump to a tool before you know what you want. Start with a strategy for fully maximizing the potential of AI. Determine what the marketing team –– or, better yet, the organization as a whole (more about this in the next section) –– is trying to accomplish and how, using AI, it can deliver business results. A key question to ask  here is, “How will AI help me scale my results?”

The ultimate goal should be to become customer-led and data-driven because customer experience is the new battlefield. According to Forrester, many organizations aspire to become customer-centric and data-driven (70%), yet few can turn data into profitable actions (29%).

The ultimate goal should be to become customer-led and data-driven because customer experience is the new battlefield. According to Forrester, many organizations aspire to become customer-centric and data-driven (70%), yet few can turn data into profitable actions (29%). AI can bridge this gap and enable marketers to become customer-led, insights-driven, fast, and connected. AI will give them greater visibility into customer behavior, make appropriate and contextual offers, and deliver personalized and unified experiences across all channels. And based on the insights generated, AI empowers marketers to further optimize their offerings and overall strategy.

TIP 1: Think about how you will measure the success of your efforts (KPIs).

TIP 2: Your strategy must include a “Crawl, Walk, Run” approach when rolling out AI that has clear KPIs at each step.

 

Organization

AI adoption impacts not just marketing processes but the entire business. Determine the organizational gaps that must be closed and address the factors and misconceptions that may hinder the organization from implementing AI.

It's about people and processes... Determine the organizational gaps that must be closed and address the factors and misconceptions that may hinder the organization from implementing AI.

TIP 3: Draw out the customer journey (physically draw it out) and include all steps in the process beyond just what happens in marketing. Understand where the bottlenecks are and address the key pieces that you wish to have AI help you solve. (this could be data unification, post-sale tracking, behavior tracking, multi-channel engagement, customer experience)

To evaluate the organization’s readiness to adopt AI, look at its people and processes:


People: Lack of AI skills is the primary reason why companies hesitate to implement AI. In fact, only one-third of surveyed marketers said that they have the right skills and capabilities to adopt AI. It is also a challenge to recruit people with the right blend of business and technology skills who can easily adapt to a customer-centric culture.

Process: Marketers should study how AI will impact existing processes. For example, how will AI allow for greater transparency? How will it enable siloed departments to obtain better visibility into what others are doing? How will it help me scale what I am doing?


Additionally, it is important to ensure that everyone in the organization has the right understanding of AI. For instance, they should be aware that AI alone cannot externalize knowledge. It requires both people and technology. Which brings us to the next point.

 

Technology

AI is not merely a plug-and-play component in your marketing stack. Look at all the components in your marketing stack to understand how AI will interact with your data, your team, and your campaign execution.

AI is not merely a plug-and-play component in your marketing stack. Marketers should know how to deploy it successfully and set the right controls and monitoring systems. Should they turn on a model and let it generate results for people to review? Or, should they embed it into an application that automates processes such as personalizing content and optimizing email campaigns? (Ideally, you would have a system that would do both. Automation is key to getting the most out of AI, otherwise, you are stuck with insights and no action…and who wants that in this market?) How will they put the right controls and monitoring to ensure that models are working properly and delivering results?

TIP 4: Don’t jump right in to look for technology partners UNTIL you have a clear strategy and understanding of your organizations real needs. (Most of the “battle scars” I referred to earlier stemmed from prematurely jumping into a new platform without proper internal preparation.)

AI shouldn’t be something you fight with. The technology must be something you work with to really scale your efforts. Picking the right technology isn’t easy, but there is plenty of help…

 

Get expert help

AI gives marketers profound competitive advantages. For one, it enables predictive scoring to determine important indicators such as purchase intent, customer engagement, customer retention, and customer churn. Using cutting-edge tools like Blueshift, marketers can generate and manage results such as these in an intuitive dashboard, putting insights at their fingertips so they can quickly make profitable frontline actions.

Enabling AI-powered marketing can result in an optimized customer journey, greater efficiency, smarter decisions, increased speed, and continuous performance improvement. Implementing AI, however, can be a complex initiative. Don’t rush it. Commit to it and by looking at strategy, organization, and technology before implementing AI, marketers can ensure they get the most out of their investment and avoid being burned by AI.

Watch this rare webinar with Analysts from Forrester Research and VentureBeat hosted by Blueshift about getting the most out of your customer data with AI


Further Reading and Referenced Sources:

  1. Forrester Research, VentureBeat, and Blueshift discuss AI, customer data, and cross-channel marketing in this webinar: AI-Powered Marketing: Put Your Customer Data to Work.
  2. Two-thirds of businesses do not have skills to adopt AI” via ComputerWeekly.com. Despite the growth of artificial intelligence (AI), only a third of businesses say they have the necessary skills to adopt the technology.
  3. Gartner Report: “Customer Experience Is the New Competitive Battlefield” that discusses the evolving strategy of building better digital and offline customer experiences to better define your brand.

 

AI-Powered Marketing – Its About the Data “Cupid!”

Marketing is a fertile petri dish for the use of artificial intelligence (AI).  In fact, a recent study by Forrester Research found that 46% of respondents said that marketing and sales were the leading groups inside their companies evaluating the investment and adoption in AI.  In a recent webinar with analyst Rusty Warner from Forrester Research, Stewart Rogers of VentureBeat and Vijay Chittoor of Blueshift, we discussed these and other developments in the world of AI as they relate to marketing.  This is part 1 of a 3-part series about the topics discussed.

Customer data is exploding and marketers need help

Anyone who’s been in the trenches of online marketing in the last few years has seen the explosion of data first-hand. We’ve gone from having to work with just demographic data to the plethora of online data including online browsing activity tracked through cookies, opens and clicks of emails, mobile app activities, social media engagement, intent to purchase and purchase data and so much more. There is a treasure trove of information in all this data, but marketers are overwhelmed. 85% of them are unable to extract value from their data according to a study by Econsultancy and 59% of those attending our webinar told us that they are using less than 25% of their marketing data.

Not surprising to most marketers, there is a growing rift between the amount of customer data being generated and the capacity for traditional marketing techniques –largely powered by human analysis– to process this data. Rusty Warner refers to this phenomenon as “exceeding the human cognitive capacity” because of the complexity, volume and velocity of information.

Effective use of AI can narrow this human cognitive challenge by processing these large volumes of data quickly and use machine learning to recognize patterns in the data and predict what to do next based on the past behavior of similar audiences. While this sounds pretty logical and straightforward, it’s not as easy as buying a black-box AI system and dropping it in.  

The decision to deploy an AI system to improve marketing performance is a big one that should to be given the same level of planning and preparation that was given to deploying a CRM system (your system of record) or your marketing automation system (your system of engagement). The AI powered system will become your system of intelligence that must work closely with these other systems to improve results.

In the next part of this series, we will outline Forrester’s recommendations for planning, organizing, and deploying AI for your marketing.

webinar ai powered marketing and put your customer data to work with blueshift featuring forrester and venturebeat

Making Sense of AI and Customer Data and Getting Executive Buy-In

“Brands who fail to leverage more of their customer data also fail to retain relevance and loyalty with their customers.”

Forrester, VentureBeat, and Blueshift joined together in a webinar titled “AI-Powered Marketing: Put Your Customer Data to Work” to discuss how brands can make the most of all their customer data across all marketing channels. The crux of the conversation revolved around using Artificial Intelligence to make the most of your customer data and the inherent problems and myths marketers today face when trying to cut through the hype and really make AI work for them.

webinar ai powered marketing and put your customer data to work with blueshift featuring forrester and venturebeat

In this article, I will address three hotly discussed questions that our viewers asked on the topic of AI and Customer Data. For AI, we’ve moved from a state of novelty to a state of necessity, and these questions revolve around how to get Artificial Intelligence into an organization and how long should it take. So you don’t have to read all of it, I summarized the responses from analysts at Forrester, VentureBeat, and our own co-founders.

What is the best way to “sell” the need for an AI strategy or investing in AI to the C-level?
TL;DR: To get the most use of your customer data, you need AI (there’s just too much of it) — and getting buy-in for AI is a complex process, but when approached with a solid measure for success and a “crawl, walk, run” approach, it gets very doable.

How do you differentiate Machine Learning and AI (deep learning, etc.)? A lot of content presented today has more to do with machine learning than AI, don’t you think?
TL;DR: they’re not exclusive topics…but it’s time to cut through the AI-hype-cycle, and understand what AI and Machine Learning really are and how they help you.

Once you sign the dotted line for an AI platform, how long would one allocate toward implementation and planning and executing campaigns?
TL;DR: Implementing an AI platform gets better with time and shouldn’t be a “one-click solution”, however you can start seeing results in weeks. It takes partners who will guide you through the process and help you plan/organize/execute on the data and systems you have.

Full, more thought provoking answers below…

And if you would like to watch the full webinar, you can check it out here.


What is the best way to “sell” the need for an AI strategy or investing in AI to the C-level?

Manyam Mallela, Chief AI Officer at Blueshift
Crawl, walk, run: Start with a specific use case to show results and build from there.
“The best way to get executive buy-in for newer artificial intelligence technology platforms is to show how AI improves immediate KPIs. Start by targeting and building personalization in one or two campaigns using segment-of-1 marketing, and do this without having to hire more data analysts/engineers/scientists,” says Manyam Mallela “Once a specific KPI improves, it’s easier to make the case for a wider roll out of AI in the organization.”

 

Rusty Warner, Principal Analyst at Forrester Research
Focus on how it will improve the customer experience in a specific way and test it.
“There are two levels to selling the need for AI into the C-level. First, start with the benefits AI will bring to the organization as a whole. Focus on what it will do to improve the customer experience (or, digital experience), then look for a specific use case so you can prove the value of the technology.” says Rusty Warner “Second, many of the barriers have been lowering as executives have begun to understand more what it takes to bring in AI and the the value it can surface.”

Before you touch your marketing platforms, understand what your KPIs are (Marketing 101) – what are you trying to accomplish and how will you measure this. Have a plan! In addition, marketers must be able to easily activate customer data quickly in their campaigns across all channels. Selecting a “single-point solution” that only solves one issue backs you into the current situation most marketers face today of a “frankenstack” of band-aided technologies with overlap in functionality and disconnection between their data sets.

 


How do you differentiate Machine Learning and AI (deep learning, etc.)? A lot of content presented today has more to do with machine learning than AI, don’t you think?

Vijay Chittoor, CEO of Blueshift
For marketers, it’s the difference between manual, “driver assisted” automation, and truly autonomous “self-driving” automation
“When looking at the difference in Artificial Intelligence and Machine Learning, think of the evolution of “smart cars”/driverless cars.” says Vijay Chittoor “Machine learning would be similar to “driver-assisted” cars where the machine learning is in the passenger seat. It’s helping in the driving but not actually doing any of the driving for you. For instance when backing up, you might get an alert of nearby objects from machine learning – you, as the diver, must still make the decision of what to do. Contrary to “driver assist” (machine learning), a “self-driving” car would process all the incoming data, assess the situation, and decide on the the best action to take…autonomously. This is what Artificial Intelligence is — the “self-driving car” that ingests, analyzes, and takes action on its own using predictive scoring/models that would have the best outcome.”

 

Stewart Rogers, Analyst of VentureBeat
It’s the difference between finding and applying a pattern, or, taking a pattern and actually improving upon it
“Machine learning is finding patterns in the data, and by finding patterns in the data, we can apply that pattern to other data. This is useful for predictive analytics, for example.” says Stewart Rogers “With Artificial Intelligence (AI), on the other hand, we have a system that takes the pattern and then makes the best version of it order to optimize or improve upon the data so you get a better result.”

Most legacy marketing platforms use a form of marketing automation that’s more driver-assisted where it’s a simple triggered response to an event being fired or an action being taken, like a yes/no logic in a workflow or a simple “if/then” logic that must be manually built for every outcome by a marketer. There’s no “thinking” involved, no decisions based on continuous learning. Sure, it’s automated, but it’s time consuming, very manual, full of list pulls and exports, and has no real intelligence behind once it is executed. You’re just applying a pattern to a problem and letting it run.

New platforms use the “self-driving” model, where artificial intelligence runs the show — essentially making the marketer smarter and able to really scale their efforts by making informed decisions at remarkable scale across channels. Modern technologies continuously learn and optimize for better performance.

 


Once you sign the dotted line for an AI platform, how long would one allocate toward implementation and planning and executing campaigns?

Manyam Mallela, Chief AI Officer at Blueshift

It’s not something you get by just pushing a button, however you can see value and results in weeks, not months
“We have seen over 90 percent of our clients go live with high impact campaigns in less than 4 weeks with a continuous rollout after that based on their priorities.” Manyam Mallela, Chief AI Officer at Blueshift “Blueshift’s unique architecture allows faster on boarding by not having rigid data schemas or limits on size and types of data.”

Activating and getting value out of AI doesn’t come from just a push of a button… But, at the same time, seeing value from AI shouldn’t be a year-long effort. Modern platforms built from AI help marketing and product departments initiate complex campaigns with ever-changing data quickly. And most of all, these campaigns get better. Older, bolt-on solutions introduce lag at every step, and anyone who has the battle-scars from trying to bolt AI onto their “Frankenstack” knows the struggle and countless months spent just trying to get a single campaign out.

The more an organization thinks intelligently about their customer data (from how it’s structured, to where it’s stored, and how it is used), the better prepared they are to truly put their customer data to work using AI. No need to fret though, even if your customer data isn’t all housed in a massive data lake or in one system, there are platforms that will help you unify your data, create a true Single Customer View, and then give marketers the autonomy to actually run campaigns quickly and with the most up to date data.


webinar ai powered marketing and put your customer data to work with blueshift featuring forrester and venturebeat

20171205 - How recommendations help you stay relevant in content overload

How Recommendations Help You Stay Relevant in the Era of Content Overload

One thing we can guarantee about the future: we’re never going to run out of content.

Take TV for example. Where once we had a handful of channels broadcasting one program at a time, we now have multiple streaming platforms, countless cable channels, on demand, and DVRs.

Or music: You’re not limited by your carefully curated CD collection anymore. You can choose from almost any song ever recorded on Spotify.

For the content consumer, it’s an embarrassment of riches. For businesses that rely on advertising or subscription revenue, it’s a challenge.

Attention spans are shrinking. With endless options, consumers will move on in matters of seconds if what they see or hear doesn’t capture their interest.

To stay relevant in the media industry — bringing targeted audiences, charging top dollar for your ads and maintaining a healthy growing subscriber base — your content needs to be relevant.

And, of course, every consumer’s tastes are different. The key to relevance is personalization recommendations.

For example, after revamping its mobile website to deliver a personalized, Facebook-like experience, USA Today saw a 75-percent increase in time spent per article.

Recommendation Models Used By Successful Advertising and Subscription Businesses

As content executive Paul Lentz points out, publishers have been using data to target specific content at specific audiences since the print era.

In today’s digital era, a few successful media companies have developed recommendation techniques to engage and retain users with almost supernatural precision.

  • After experimenting with content-based and collaborative filtering, the New York Times settled on a best-of-both-worlds approach that models the content and adjusts it according to viewing signals from readers, models reader preferences, and uses the resulting data to make recommendations.
  • Netflix’s recommendation engine divides users up into “a couple thousand” taste groups. Netflix claims the engine is worth $1 billion a year and is responsible for more than 80 percent of the shows users choose.
  • Spotify’s Discover Weekly playlists have become a favorite feature among users for introducing them to new songs and reminding them of old favorites. The “magic” of the algorithm, the man behind the playlist says, comes from comparing your listening habits to those with similar taste and “filling in the blanks.”

What does each of these approaches have in common? Each media company leveraged a massive database of user data to make comparisons among users, identify trends in their preferences, and anticipate their behavior.

You can do the same with Blueshift’s AI-powered marketing platform. Blueshift can help you

Learn how to configure recommendations in a single click or bring your own algorithms to BlueShift Personalization Studio.

AI+Human is magic: 3 Lessons from the Stitch Fix IPO About Personalization

Do you remember when was the last time you had fun shopping for new clothes? Me neither.

Over the past several years, the cycle of searching for, trying on, buying, and returning clothes has lost whatever joy it used to bring. In retail shops, you spend more time trying to find parking or standing in the checkout lines, than actually looking for what you like. Online, the sheer amount of selection is dizzying; you’re caught in a maze of price comparisons and unreliable customer reviews. And when you finally make a purchase, it’s inevitably the wrong size, triggering an arduous return process.

So, when I started using Stitch Fix recently, it was like stumbling upon an oasis of personalization, usability, and — yes! — fun in the otherwise lifeless fashion-buying desert. If you have read some of my earlier posts, you know by now that I am a fan. And I’m not alone. Founded by entrepreneur Katrina Lake in 2011, Stitch Fix filed for its IPO last Thursday. According to its filing, the startup has grown to serve more than 2 million customers, the vast majority of which are repeat buyers. In fiscal 2017, Stitch Fix reached nearly $1 billion in sales.

With so many other clothing retailers struggling, and in the face of intense competition from giants like Amazon, how is Stitch Fix succeeding?

In a word: personalization. On the road to its IPO, Stitch Fix has demonstrated three crucial lessons about the power of 1:1 marketing, made scalable by technology.

1. Every Customer Is Different; Every Experience Should Be Different

Here’s how StitchFix works:

You fill out a fashion profile on their website and pay a $20 styling fee. Using its proprietary data science/AI fashion-matching technology, plus the expertise of a personal stylist, Stitch Fix selects a mix of five clothing items and accessories and ships them to you. You can try on the clothes, purchase what you want, and send back the rest. Shipping is free both ways. Customers like me appreciate Stitch Fix for its seamless buying experience. But we love it for its personalization.

  • No two shipments are the same. Each is tailored to the fashion taste of an individual customer, yet dialed into modern trends.
  • As you continue to use Stitch Fix, it “learns” more about you. The fashion matching technology hits home more often than not, and your returns become less frequent.
2. Data Can Make Your Customers Feel Human

One of the worst aspects of digitization is being treated as faceless. The genius of Stitch Fix is that it uses numbers to re-humanize people. Their personalization technology starts by gathering 85 data points on each of its customers. The Stitch Fix IPO filing proclaims: “Our data science capabilities fuel our business.” Stitch Fix Chief Analytics Officer Eric Colson heads up the algorithm team that matches customers to clothing. He previously did a similar job at Netflix, another company that struck gold after realizing its role wasn’t to push products, but to engage with customers on an individual level — and smart use of data science is the way to scale the whole thing.

3. AI + Humans = Magic

The proprietary Stitch Fix algorithms are powerful tools. And they work best in the hands of experts who know how to deploy them to solve real-world fashion dilemmas. When I ordered from Stitch Fix, a computer program may have done the heavy analytics, but one of the company’s 600 stylists applied the finishing touches. As YEC points out, “In this way, the recommendation technology enables humans to do their jobs better, not the other way around.”

The Stitch Fix IPO emerged from the realization that personalization for each and every customer can be scalable — thanks to data science, algorithms, and artificial intelligence.

Using Real-Time Customer Data for 1:1 Marketing

With the right technology, you can apply the same approach to your marketing. Whether you’re reaching out through email, push notifications, SMS, or any other channel, you can tailor your message to each customer, drawing on real-time data for 1:1 marketing.

To learn more, download “The Path to Predictive 1-to-1 Marketing”.

Friday Five: #Human+Machine #FinTech #AIFirst #12_Ways_to_Boost_CX #UK

Welcome to our Friday Five. Each week, our goal is to give you a run-down on 5 of the top stories on the topic of AI in Marketing. Think of this as that TL;DR of those stories you meant to read or might have missed.


Human+Machine and CX+AI: Insights from Forrester CXSF

“All of you in this room are slowly and inexorably going out of business.” – George Colony, Founder & CEO, Forrester

No, it is not the robots-coming-for-your-job kind of going out of business. But,

“Customer is becoming an empowered force in a changing economy. Two factors that will determine success in this new era: 1) Customer experience and 2) Artificial intelligence”

Insights from Forrester’s day 1 of CXSF event. One more thought provoking quote from the event, “Personalization, generally, sucks. I don’t understand why. I’ve been in this business for 20 years and I’m seeing little more than recommendations. There’s no longer an excuse.” – RJ Pittman, eBay Chief Product Officer

What is your excuse? For more insights on AI, the future with Human+Machine and how customer experience and AI  will determine your success, tune in to Forrester CXSF event.

 


12 ways AI could boost your customer relations

AI based marketing, personalized website experiences, personalized emails, personalized upsells and cross-sells, predictive analyses – just a few ways AI can boost customer experience. Isn’t customer experience the one thing that matters to win today?

“As more companies start sending emails to their customers, forward-thinking marketers are going to want to stand out through further personalization. If you only send the content that the customer is interested in, they are more likely to click and read the emails.”Jared Atchison, WPForms

AI enables you to do personalized marketing across all channels. See 12 ways AI could boost your customer relations

 


AI for financial planning

Consumer finance is characterized reams of data. Processing this from multiple sources can take months.

“If the internet is the superhighway for the rapid transit of information, then artificial intelligence is the E-ZPass that helps you become even faster and more efficient.”

AI helps to know so much about a client — what they want and what they need — you can be exponentially more effective in creating the experience that will move them forward in their financial life and drive your firm’s success. See more on the new opportunities AI brings for financial planning. Watch how a forward thinking consumer finance company, #LendingTree uses AI to give individualized value to every user.

 


UK perspective on Artificial intelligence: Hype, hope and fear

A Welsh company is using AI to detect North Korean bio-weapons. Governments are taking deep interest in the possibilities with Artificial Intelligence.

“We are accustomed now to technology developing fast, but that pace will increase and AI will drive much of that acceleration.”

Among all the hype, hope and fear, a UK commissioned report estimated that #AI could add an $814bn to the UK economy in the next 20 years and an earlier study by McKinsey estimates an addition of $126B to US economy in next 10 (not 20) years. Read more from this report on how UK sees potential in AI.

 


Blueshift in the news: AI-first marketing could help brands perfect the customer experience

And finally, Blueshift in the news. Curious why so much hype about AI now when it seems to exist forever.  Today’s AI moved from edges to the core.  What does that mean? Hasn’t it moved from simple driver-assist to the center of self-driving cars?

“According to Gartner, customer experience is the new battlefield for competitive advantage. In the AI-first world, the only survivors on this battlefield will be the ones who embrace AI at the core of their marketing and customer experience strategies.”Vijay Chittoor, Blueshift co-founder & CEO

See how AI-first marketing could help brands perfect the customer experience.

 


Friday Five: AImyths, Putin_And_Obama_About_AI, AIQuotes, MITStudy, IconicFirms, Blueshit_AI_Patent

Welcome to our Friday Five. Each week, our goal is to give you a run-down on 5 of the top stories on the topic of AI in Marketing. Think of this as that TL;DR of those stories you meant to read or might have missed.


12 AI Quotes Everyone Should Read

Do you believe Alan Turing was true in his prediction below? Imitation Game, a story about his life is one of my all time favorite movies and has several quote-worthy quotes that I would recommend you to check out about machines, AI and life.

“I believe that at the end of the century the use of words and general educated opinion will have altered so much that one will be able to speak of machines thinking without expecting to be contradicted.” (1950)” – Alan Turing, 1950

AI as a key to unlock power” – Vladimir Putin

Wonder what Putin means by that. Interested in what other leaders have to say about AI? Read what Obama, Elon Musk, Mark Zuckerberg, Larry Page and Sergey Brin said about AI.


MIT Study Reveals How ‘Iconic’ Firms Use AI

Guess what’s holding companies that invested in AI from fully deploying it. The answer is, not sharing customer insights across the organization. If companies want to put customer experience at the forefront, sharing customer data should be a high priority.

The first benefit is in “a step-change increase in efficiency: by gathering customer data (a time-consuming process” – Felix Liu, Alibaba

See more on how iconic firms embrace technology to improve CX from the MIT report: Getting to Iconic: How world-leading brands balance talent and technology for CX excellence.


Mythbusting the future of AI in financial services

Third week in a row we are feature AI myth busters. It is a no wonder with all the hyper around it. It is a wait-and-watch to see how partnerships and AI will transform financial services. Meanwhile, what caught my eye in this article is,

AI is about solving specific problems using data and fancy maths, and isn’t even close to abilities like self-awareness, common sense and creativity

Read more on how AI can influence the financial industry and check if your AI myths are answered in this post


How to become savvier with your marketing by implementing AI techniques

Like the article points out, Netflix, Amazon and Google have nailed customer experience and predictive recommendations with AI. From chatbots and customer engagement to content curation, AI can help marketers improve ROI

Artificial Intelligence powered tools can gather data, build a predictive model, test and validate real customers. When these techniques are combined, customers will become more engaged and loyal leading to higher lifetime value and increased company profits.

Read more on how to become savvier with artificial intelligence


Blueshift in the news: Blueshift Receives Patent for AI-Powered Marketing

And finally, we are very excited to share that Blueshift has been awarded a patent for innovation in AI powered marketing to deliver real-time 1:1 customer experiences at scale

Brands continue to generate more and more customer data in the form of behavioral ‘events’, that represent customer interactions on digital, mobile and social channels. AI is the key to activating this fast moving stream of event data and delivering segment-of-one personalization on every channel” – Manyam Mallela, Blueshift co-founder & Chief AI Officer

Read more on how Blueshift is innovating to translate customer data into 1:1 experiences.


Activating Customer Data with Graph Technology

Graph technology powered customer experience

What do Netflix, Amazon, LinkedIn, Facebook, and Google have in common? While they all serve different needs, they do that in a unique way by delivering an individualized experience to hundreds of millions of users at scale. From a user’s perspective, these brands seem to have an uncanny ability to have a 1:1 conversation, and understand each user’s unique tastes and preferences. In fact, no two users have the same experience with any of these brands. By delivering unique personalized experiences, they have gained incredibly loyal users that keep coming back for more and have become dominant in their respective categories.

But, what technological advantage do these companies have that gives them the ability to deliver individualized experiences at scale? If you look under the hood, unlike the previous generation of consumer companies that built customer experience on traditional IT systems, these leaders leverage a graph-based technology stack.

Before we continue, let me outline what we mean by a graph-based technology stack.

Let’s use Netflix as an illustration.

Behind the scenes, Netflix has built one of the largest graph of its users and their content preferences. Each time a user views, rates or adds a movie to a watch list, Netflix updates this graph with the user’s behavior in near real-time. Subsequently, Netflix uses this graph to deliver a rich user experience that recommends the next movie for a user to watch based on techniques such as what’s trending in user’s location, similar user preference, or a user’s affinity to a certain genre based on past behavior. Netflix delivers this experience to the user on all channels including apps, website and email. Every user engagement enriches the graph for all users. So the next time a user logs in, Netflix can further personalize the experience for the user, keep churn low and keep users coming back for more.

 

Personalized Netflix home page for a user

 

Netflix user movie taste graph captures user intents and interests.

Similar interaction and data graphs power the consumer experience of Facebook, Amazon, LinkedIn and Google. In the future we believe every digital company will have such an interaction graph. While the technology obstacles required to build, maintain and use such graphs are formidable, the existence of data underlying the graph is undeniable no matter which industry you are in.

Challenges in building an interaction graph

If data is readily available, then why are more brands not able to deliver an individualized and relevant user experience? Past efforts to build individualized experiences using an enterprise data warehouse have failed due to slow ETL processing, long query times and the disconnected nature of engagement channels that require sub-second response times for accurate decisioning. By the time user data is computed and activated, it is very likely stale and out of date, resulting in user annoyance instead of delight. Some forward thinking companies have recognized the flaws of a data warehouse driven approach, and embarked on building a user graph in-house using open-source graph databases.

Building such a graph in-house has several challenges that include:

  • Real-Time: It requires updates in real-time as users interact across website, mobile, email and other channels. The graph should support highly concurrent, low-latency writes, and high throughput search/queries.
  • Cross-Device: Users may not always be signed in and may be using multiple devices, which requires tracking plus merging anonymous and known behaviors across devices. The graph service needs to capture device identifiers, cookies, first party data and 3rd party data to enable deterministic and probabilistic profile tracking and merges.
  • Learning: The graph needs to be enriched with real-time user intents and long-term interests derived from behaviors. This requires algorithms suited for online learning and models that update in near real time with new data.
  • Scale: Depending on the size of the user base and content catalog, the graph may need to scale to processing billions of edges resulting in terabytes of data, while supporting sub-second query responses.
  • Data Fragmentation: On-going ETL and building connectors to deal with data fragmentation and evolving data schemas makes implementations brittle.
  • Resources: Budget and resourcing constraints to hire a team of engineers, analysts, data scientists and managers to build the technology stack and maintain integrations.

How we use graph technology at Blueshift

Blueshift’s next generation customer data platform is powered by an interaction graph: A real-time undirected graph created using 1st party behavior data from every engagement touch-point. Blueshift’s customer data platform captures all your user interactions in real-time and is available across every channel. Blueshift’s Interaction Graph powered CDP is usable out of the box, and companies can onboard terabytes of data in just few days.

Leading digital brands such as LendingTree, BBC, IAC and Udacity are using Blueshift’s Interaction Graph powered CDP to engage their consumers with a unique individualized customer experience across every touch point and seeing a significant lift.


Ready to learn more about Blueshift’s Customer Interaction Graph, contact us today.


In a follow up to this post, we’ll talk about the algorithms and systems required to build the interaction graph, stay tuned.

Blueshift’s Patent Brings Industry-Changing Innovation to AI-Powered Marketing

We are very excited to share that Blueshift has been awarded a patent for innovation in AI powered marketing to deliver real-time 1:1 customer experiences at scale: Patent No. 9779443 from the United States Patent and Trademark Office for “EVENT-BASED PERSONALIZED MERCHANDISING SCHEMES AND APPLICATIONS IN MESSAGING”

The patent aligns with our vision to be the leader in helping companies deliver unique experiences to their customers with cutting edge technology built for forward thinking marketers.

“Customer Experience is the new battlefield for competitive advantage. In an AI-first world, the only survivors will be the ones who embrace AI at the core of their marketing and customer experience strategies.”Vijay Chittoor, CEO Blueshift

Blueshift’s patented method builds an “Interaction Graph” from the event data along with historical customer data and the brand’s catalog of products or content, and uses the graph for continuously computing various forms of AI-Based predictions and recommendations (“personalized merchandising schemes”) continuously. The patented technology also integrates these predictions into customer experiences on channels like email, direct mail, SMS, websites or mobile app notifications, enabling brands to seamlessly use the power of artificial intelligence to deliver 1:1 personalized experiences.

In order to meet today’s marketing and customer challenges, AI must be at the core. With customer data exploding across all channels, customers demanding personalization, and organizations stretched for resources – there is no doubt that brands need AI to organize and execute on the mountains of data to deliver a rich customer experience.

Blueshift’s patented technology was built from the ground up with flexible data models, modern architecture to handle real-time and historic events, continuous learning, and seamless integration with cross-channel automation to deliver the flexibility, adaptability, and control that modern marketers need today to stay competitive.

See more on how Blueshift activates customer data with innovative Interaction Graph technology that continuously learns with customer behavior, and why built-in AI is a must-have for marketers.


Contact Us to put the power of patented AI-powered marketing to work for you.


 

5 reasons why today’s marketers need built-in AI

Artificial Intelligence is a hot trend today. From Alexa to chat bots, to robots and self driving cars, AI is touching our everyday lives. Companies like Google (AI first), Amazon (Echo) and Apple (Facial Recognition) brought industry attention to Artificial Intelligence at a large scale. Unfortunately, many still think of AI as just a trend, full of hype and little substance. The reality shows real benefits and proves AI is more than just hype.  AI empowers marketers and organizations to deliver individualized experiences in real time and at a scale previously not possible.

Today’s modern marketing and customer data platforms must be architected from the ground up with built-in AI to best perform customer data collection and unification, scalable personalization, predictive analysis, and up-to-the-moment automation.

Let’s look at why “built-in” AI is important.

 

But first, why is now the time for AI at all?

Artificial Intelligence has been around for a while. Why this sudden rise in attention, particularly in marketing? Today’s customers are connected, and leave a trail of fast changing data in large volumes that is humanly impossible to analyze and use by a marketer. AI is the only way to  crunch through large amounts of data at blazing speeds to understand customers in real-time and eliminate the guesswork.

 

AI when done right empowers marketers…
  • Get a 360 degree view of customers
  • Deliver 1:1 personalization
  • Segment customers on real time behavior
  • Recommend relevant products/content
  • Predict high value segments
  • Auto-optimize campaigns

While companies are scrambling to add intelligence to existing products by rapidly hiring data science teams or frantically acquiring AI to add on their legacy products, platforms need to be built from the ground up with built-in AI to solve today’s challenges.

 

The Benefits of Built-in AI

Marketers need full control and flexibility within the platform that learns and adapt with today’s customers. Here are some reasons how built-in AI enables marketers to meet today’s demands.

1. Handle any data from any source, and add new types anytime

Today’s data comes in from different sources (structured like email clicks or unstructured like social behavior) and new types of data keep popping up every day. Marketers need the flexibility to handle any data from any source, and incorporate new sources easily. AI is as good as the data it handles. Platforms with AI should be built with robust data handling capability with flexible data models to collect and process full customer data including attributes and behavior from different sources. Plus, they must accept new data types anytime without the need to re-model.

For example, in the case of a travel site that offers travel to certain cities, they should process user behavior from all channels, and add new behaviors easily. If the organization decides to expand their catalog by adding room+travel packages in the future, marketers should easily be able to add it to the system without remodeling their data, or pulling in any engineering resources.

2. Provide real-time actionable intelligence and, long-term intent and affinities

Marketers can delight customers with 1:1 personalization and predictive recommendations only when they get intelligence on up-to-the moment behavior and long term predictive insights. AI solutions based on modern architectures provide the ability to handle massive amounts of data with both batch and real-time processing within the single framework with no latency.

In the example of the travel site, with AI built on modern architectures, a marketer can send personalized notifications with an upsell offer in real time to a user that just booked on their site. In addition, they can also send promotional offers for travel to a particular city based on that user’s inferred affinities towards certain cities. This kind of a system makes it easy for marketers to make real-time decisions and set up campaigns without depending on other resources.

3. Deeply integrate with product and workflows, so marketers get convenience and control

Marketers are busy. They are under pressure to deliver more with less at a faster rate. Getting slowed down by waiting for other resources is not an option for today’s marketers. AI should be a seamless part of the product with intelligence embedded into the automation functionality, so marketers have both power and convenience. Like a FB designer said, if you don’t notice the AI, you are doing it right.

4. Continuously learn with every customer interaction, without a data science team

A truly intelligent system can learn on its own, getting smarter and enhancing its capabilities with every interaction. Without this, marketers will be restricted to predicting future only on a set of past behaviors. Models should be enriched with every customer behavior in real time, so marketers get up-to-date and relevant actionable intelligence –  without depending on a team of data scientists. For example, the travel site should provide recommendations based on up-to-the-moment behavior of a user and real-time reviews from all their users.

5. Configurable and transparent, so marketers can fine tune to specific needs

Marketers are always looking to improve ROI. With limited budgets and growing competition, they need to maximize the value of every marketing dollar. Predictive models give them the ability to focus on segments and activities that bring the most bang for the buck. Transparency in models provides marketers the trust to make the right decisions. Most importantly, configurability equips marketers to meet their specific business goals.

Today’s marketers obviously need AI to process the massively growing customer data and deliver real time personalized experiences. AI at the core of their platform provides them the flexibility, adaptability, continuous learning and full control to meet the demands of today’s customers.