"Let’s look at some examples:
- The CEO of a company on your list just informs analysts during an earnings call that the company will spend 100% of its IT budget this year on personalization initiatives—which does not match up with your product portfolio.
- A company on the list announces it is acquiring a competitor and its #1 priority for the year is the successful integration of the two companies.
- • A new CEO has just been named to a targeted company and in an interview she reveals a major strategy shift and a new set of priorities. Historical data—however recent it might be—will not reflect any of these critical nuggets.
None of this revelatory information would appear in the data. Given that the data can’t tell the full story, you can miss out on opportunities if you solely rely on the data.
So, while you may have a predictive analytics tool telling you that the company is well-positioned to buy your product, you would have a much stronger case for a sale if you told a customer, “Your CFO said on the last earnings call that almost all of your IT spend will be dedicated to driving personalization initiatives. I would like to speak with you about how our product has helped many companies like yours drive personalization…”"
Yet another example of how to creatively use technology...thinking outside the box.
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