WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Info people willing to share depends on products you sell via @Activate #ecommerce #marketplace #retail

Info people willing to share depends on products you sell via @Activate #ecommerce #marketplace #retail | WHY IT MATTERS: Digital Transformation | Scoop.it

Consumers are more willing to share personal data in exchange for better item recommendations when shopping within product categories that feature more complex and customizable items

Farid Mheir's insight:

WHY IT MATTERS: seems you can get away asking for very personal info if it is perceived as useful in the shopping process.

Jules Johnson's curator insight, September 7, 2021 2:20 AM

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The Definitive Guide to Customer Data Platforms provides useful use cases and best practices for #CDP selection and implementation

The Definitive Guide to Customer Data Platforms provides useful use cases and best practices for #CDP selection and implementation | WHY IT MATTERS: Digital Transformation | Scoop.it

In our in-depth playbook, we cover everything you need to know about:
The benefits of a Customer Data Platform;
Getting started with tried-and-true use cases;
Building a team with the right skillsets for any size organization;
Securing buy-in from executives across the company;
Measuring the ROI of CDPs to prove value to different stakeholders

Farid Mheir's insight:

WHY IT MATTERS: CDPs are maturing fast and should be considered first in organizations that look at centralizing the customer data.

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Can Apple change ads the way it changed music and games? —

Can Apple change ads the way it changed music and games? — | WHY IT MATTERS: Digital Transformation | Scoop.it

20 years ago Apple seized music, and turned it into a lever for its broader business. It failed to do the same to TV, and lost control of music, but won massively in games, where it now makes more money than the entire global digital music industry. Now, perhaps, it’s looking at advertising.

Farid Mheir's insight:

WHY IT MATTERS: the end of 3rd party cookies will impact advertising the most. This chart highlights the 50% of revenues that go to different players (including 15% unknown!). What irritates me most is the 7% to agencies that, unfortunately, seem to do very little to earn that amount in my experience...

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50+ #free Data Studio Templates to Automate SEO Reporting + Lots More marketing and web reports, dashboards and visualizations

50+ #free Data Studio Templates to Automate SEO Reporting + Lots More marketing and web reports, dashboards and visualizations | WHY IT MATTERS: Digital Transformation | Scoop.it

Looking for a data visualisation tool or SEO report templates? Grab these FREE Data Studio Templates to speed up your reporting (and more).

Farid Mheir's insight:

WHY IT MATTERS: Google data studio is a very simple and useful tool to consolidate and display data from websites, ecommerce, social and other digital activities. Great for marketing but anyone with interested in showing how good (or bad) their digital activities are. Moreover the results can be viewed online or emailed as PDF!

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Data measurement strategies that all marketers should apply in their analytics reports and dashboards

Data measurement strategies that all marketers should apply in their analytics reports and dashboards | WHY IT MATTERS: Digital Transformation | Scoop.it

Here are three analytics resolutions all marketers should make in 2020 if they want to create a competitive advantage for their company.

Farid Mheir's insight:

WHY IT MATTERS: some useful reminders of the the common mistakes that marketers make in their analytics reporting. With some solutions.

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6 Technologies on the Gartner Hype Cycle for Digital marketing and Advertising to prioritize in your marketing technology investments 

6 Technologies on the Gartner Hype Cycle for Digital marketing and Advertising to prioritize in your marketing technology investments  | WHY IT MATTERS: Digital Transformation | Scoop.it

Use the 2019 Gartner Hype Cycle for Digital Marketing and Advertising to prioritize your marketing technology investments.

Farid Mheir's insight:

WHY IT MATTERS: Gartner recommends that marketers prioritize the following 6 tech this year. Do you?
1- Customer data platform (CDP)
2- Artificial intelligence for marketing
3- Blockchain for advertising
4- Real-time marketing
5- Multitouch attribution
6- Conversational marketing

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4 Biggest Data Problems from the #MarTech Explosion: increase in operational lag, inefficient teams, poor customer experiences, and legal and data-privacy risks via @Tealium

4 Biggest Data Problems from the #MarTech Explosion: increase in operational lag, inefficient teams, poor customer experiences, and legal and data-privacy risks via @Tealium | WHY IT MATTERS: Digital Transformation | Scoop.it

The number of marketing technologies available to businesses has soared in the last five years – from about 150 in 2011 to over 3,800 in 2016, according to ChiefMarTech.com. And a study by eConsultancy and Tealium found that businesses use on average more than 20 marketing technology vendors to deliver their campaigns and customer experiences. This rapid expansion of the MarTech space has created significant challenges for marketing, technology, and management teams alike making it difficult to build cohesive, end-to-end customer experiences because of gaps between marketing technologies, the data they leverage, and how they are implemented. This paper provides an overview of the four core problems businesses are facing with data due to the proliferation of marketing technology, and how adopting a Universal Data Hub (UDH) solves these problems. 

Farid Mheir's insight:

WHY IT MATTERS: this article highlights the importance of technology and data science in marketing today.

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A technology blueprint for personalization at scale highlights the crucial role of data centralization and management via @McKinsey

A technology blueprint for personalization at scale highlights the crucial role of data centralization and management via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

The technology to unlock the value of personalization at scale is readily available, and you may be surprised how much of it you already have in place. You don’t need to tackle everything at once. Develop a road map with regular stage gates to evaluate platform progress based on the trade-off between value at stake and ease of implementation. Identify and prioritize quick wins that make it easy for the organization to continue funding the transformation.

Farid Mheir's insight:

WHY IT MATTERS: personalization of products and services requires 3 key ingredients that are data-driven: customer database, identity management and data management.

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Personalization at scale will bring tremendous value to many industries, #retail and #insurance in particular via @McKinsey

Personalization at scale will bring tremendous value to many industries, #retail and #insurance in particular via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Personalization is a crucial weapon in the marketer’s arsenal to achieve that goal. That’s how businesses can deliver tailored recommendations, content, offers, and experiences, across all channels and devices, along the entire customer journey. Personalization at scale has the potential to create $1.7 trillion to $3 trillion in new value (Exhibit 1). Capturing this value will require mastering the technologies and addressing the organizational disconnects—all while forging trust with customers and protecting their data.

Farid Mheir's insight:

WHY IT MATTERS: personalization of products and services - for example to give bigger coupons to most valuable customers or pricing insurance premiums more accurately based on risk and behavior - should not be seen as a marketing trend or an expense but rather as a revenue generator.

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Where is Your Organization on the Marketing Data Literacy Spectrum can help identify change management requirements and resources that may slow down #digitalTransformation and its projects 

Where is Your Organization on the Marketing Data Literacy Spectrum can help identify change management requirements and resources that may slow down #digitalTransformation and its projects  | WHY IT MATTERS: Digital Transformation | Scoop.it

From the Data Deniers to the Data Forward, your organization is on this chart. The marketing race will go to the most data-enriched organizations. Time for a look in the mirror. There are some who can read well enough to navigate a cookbook. Some can write a lengthy treatise on a complex subject. Some can... Read More

Farid Mheir's insight:

WHY IT MATTERS: data is at the heart of digital transformations and this chart may help ask the right questions and position resources in your team. It works for marketing and elsewhere in the organization as well...

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2019 #Email #marketing statistics compilation provides overview of current #trends and shows email remains key #marketing tool in the #digitaltransformation

2019 #Email #marketing statistics compilation provides overview of current #trends and shows email remains key #marketing tool in the #digitaltransformation | WHY IT MATTERS: Digital Transformation | Scoop.it

Benchmark your email open and clickthrough rates with your statistics using our compilaton of the the 5 best email statistics sources

Farid Mheir's insight:

WHY IT MATTERS: we tend to minimize email as a digital transformation tool but we should not. Here are key statistics that you can use to benchmark your email marketing activities.

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The basics of a Funnel Marketing System are pretty simple but require many #digital #tools and #technologies to be combined to deliver metrics that have value via @funnel_io

The basics of a Funnel Marketing System are pretty simple but require many #digital #tools and #technologies to be combined to deliver metrics that have value via @funnel_io | WHY IT MATTERS: Digital Transformation | Scoop.it

What would the impact be on your business if you could improve the effectiveness of your advertising by 25%? This document outlines the different parts of a good advertising setup and provides advice on best practices.

Farid Mheir's insight:

WHY IT MATTERS: few marketing units measure the success of their advertising campaigns. This article describes what it takes to do so.

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Building a marketing reporting stack is required but remains difficult - this post provides part of the solution via @funnel_io

Building a marketing reporting stack is required but remains difficult - this post provides part of the solution via @funnel_io | WHY IT MATTERS: Digital Transformation | Scoop.it

Next time you meet a marketer, ask them (or ask yourself if you have a marketing budget) the following question: As of today, what percent of your marketing budget have you spent so far this month and is your overall spend tracking above or below budget? More often than not you don’t get a straight answer. Because they do not know. The spend for different marketing channels is typically tracked in different tools or in different siloed reports. Nowhere is it added up every day.

Farid Mheir's insight:

WHY IT MATTERS: I see it in most organizations: marketing team is overwhelmed with data but very few manage to provide simple reporting to show how good (or bad) their efforts are. It should in fact be simple to produce the table highlighted here but it is not. 

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Findings, recommendations and actions from ICO investigation into data analytics in political campaigns - read the preliminary findings on how it is now possible to send micro-targeted messages usi...

Findings, recommendations and actions from ICO investigation into data analytics in political campaigns - read the preliminary findings on how it is now possible to send micro-targeted messages usi... | WHY IT MATTERS: Digital Transformation | Scoop.it

Information Commissioner Elizabeth Denham has today (11 July) published a detailed update of her office’s investigation into the use of data analytics in political campaigns.

Farid Mheir's insight:

WHY IT MATTERS: read this very detailed report that explains how political parties have used the Facebook data to create personalized messages and influence the election that led to the Brexit. Fascinating. Also read my posts on the data you leave behind - the data exhaust - that enables the creation of your digital twin: http://fmcs.digital/blog/digital-twin 

Amir Ali's curator insight, July 19, 2018 5:45 PM
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How micro-targeting works and why your #digital #data creates a #DigitalTwin of yourself that retailers, governments, political parties and others take advantage of to change your opinion or behavi...

How micro-targeting works and why your #digital #data creates a #DigitalTwin of yourself that retailers, governments, political parties and others take advantage of to change your opinion or behavi... | WHY IT MATTERS: Digital Transformation | Scoop.it

In May 2017 the Information Commissioner announced a formal investigation into the use of data analytics for political purposes. The investigation is one of the largest of its kind and is ongoing. This page will be updated as and when developments arise.

Farid Mheir's insight:

WHY IT MATTERS: this report from the ICO data privacy organization in the UK explains in their recent report how political parties and companies use your private data to create a digital twin profile to then target you during your Internet journeys with micro-targeted messages. Also read my post on the digital twin concept: http://fmcs.digital/blog/digital-twin 

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The Power of Data As the Next Big Thing in Content Marketing @HBR 

The Power of Data As the Next Big Thing in Content Marketing @HBR  | WHY IT MATTERS: Digital Transformation | Scoop.it
The diminishing effectiveness of conventional advertising and the rise of social media have led more and more brands to embrace content marketing. More and more companies are seeing themselves not just as advertisers, but as publishers, launching digital newsrooms, podcasts, and other forms of branded content in order keep their brands, perspectives, and value propositions in front of customers.
Farid Mheir's insight:

I wrote about this in the past numerous times and it is great to see HBR and others recognize this important trend: companies are sitting on huge amounts of information they can use to extract meaningful information and share it with their clients and employees to attract and retain them.

 

For example, look at jawbone and how they do it

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#Essential Insights To Prepare a Corporate Data Strategy via @capgemini

The customer journey could essentially be divided into 7 elements. We’ll touch upon the issue of ‘Privacy’ and how one balance social and commercial value. P…
Farid Mheir's insight:

A presentation of case studies in data analysis for Marketing, it also presents some very useful enterprise data science insights that can be leveraged when preparing a corporate data strategy. Also presents some interesting data points and use case priorization.


WHY THIS IS IMPORTANT

All corporations dream of leveraging data in real-time but the reality of legacy computer systems, lack of expertise with new tools and technologies, and a considerable amount of hype very often makes data strategies overblown and unrealistic. At this point in time it appears that the best course of action is to capture a target vision and identify numerous small initiatives to get your feet wet and run up the maturity scale. Stay away from large all-encompassing plans that require boiling the ocean (of data)!

Zac Ong's curator insight, November 17, 2015 8:53 PM

A presentation of case studies in data analysis for Marketing, it also presents some very useful enterprise data science insights that can be leveraged when preparing a corporate data strategy. Also presents some interesting data points and use case priorization.


WHY THIS IS IMPORTANT

All corporations dream of leveraging data in real-time but the reality of legacy computer systems, lack of expertise with new tools and technologies, and a considerable amount of hype very often makes data strategies overblown and unrealistic. At this point in time it appears that the best course of action is to capture a target vision and identify numerous small initiatives to get your feet wet and run up the maturity scale. Stay away from large all-encompassing plans that require boiling the ocean (of data)!

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The Customer Journey to Online Purchase via @Google

The Customer Journey to Online Purchase: an interactive infographic that explores typical customer behavior to improve marketing programs.
Farid Mheir's insight:

useful tool provides insights on customer behavior in different industries. May be useful to help plan your digital interactions.

Farid Mheir's comment, May 25, 2015 3:13 PM
merci @Camille Desrochers
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Quantified Self Products from Automated Insights

Quantified Self Products from Automated Insights | WHY IT MATTERS: Digital Transformation | Scoop.it
Farid Mheir's insight:

I wrote about them in the past http://sco.lt/7FRff7 and I realize now that they are expanding their service offers into many other fields, including fitness which makes the whole solution way more personalized. Companies should take notice as they try to get more and more personal with their customers.

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