Context is Data

Context is data about your customers and prospects. Data is a continuum of current information on people from what their interests are (Search) to what they have purchased (Behavioral). There are many data points in the middle that also need context themselves.

Say your prospect purchased eye glasses and visited a Lasik’s eye surgeon. Which came first? Either they don’t need glasses anymore or they need legal services. The challenge for marketers is again the profile. How does one identify the timeline?

If a prospect is a Weight Watchers customer and a health club member are they health oriented or on a diet? Do you Send them an ad for a new bike or discount at a clothing store? Interest data, read search engine and behavioral data, read purchase data can be deceptive as we as human beings have aspirations and realities. This data put to work with what we consume from an information perspective and how often we consume that information can tell a better story of what we are doing and aspiring to, in that order.

Marketers who think about how data is clustered and “Profile” of their customer/prospect is way ahead of the game. Yes I did say customers, today we build community through activity that adds value and listening to our customers online. Not only what they are saying about us to us, but how they are speaking of us to others.

For years in the wireless industry we worked to predict churn based on our own data. Trial and error taught us a lot but was never enough to prevent the most valuable of customers so we resort to long contracts and literally buying that customer back every two years. If we connect their interest data to the customer profile we have a new strong trigger.

Power users do a lot of reading on devices and service roadmaps before they churn. Let’s try to add the behavioral and media activity data to that profile and perhaps a new segment can be retained through proactive customer marketing.

Contextual Revenue Models

Service providers recognize that the key to effectively monetizing their customer base is leveraging customer data assets and enabling a more relevant customer experience. Every service provider has a vast amount of customer data, but knowing how to use it both strategically and tactically often remains a challenge. Many of these data bases are silos with data relevant to their specific service, that said ther can be great time to market and relevance of lead gained by sharing  

By leveraging rich customer behavioral profiling to predict customer purchase behaviors, Consumer Metadata enables service providers to be context-aware.  Consumer Metadata combined with contextual marketing solutions transform how service providers market to customers by enabling them to act in the context of a moment and provide access to products, services and content at the time it matters most. Unique Approach

What is unique about a metadata approach is that targeting is based on shared or trusted data from a potential customer who a subscriber is and the context they are in; e.g. time, place, lifestyle, social context and emotional state.  This ability to understand and identify occasions enables a service provider’s network to deliver solutions that add value to customers at critical moments in time.

Contextual marketing solutions are designed to address the distinct segments of a service provider’s customer base, including postpaid, prepaid, and small to medium business. Think about how a contextual metadata based approach would change the way you communicate with your customers and attract new ones!