Do bank customers want ads in their checking accounts? Whether or not we like it, banks think about ways for new monetization opportunities but also try to strengthen loyalty programs of other companies. The big alignment of the industry and the end of the plastic loyalty card? Banks just ad links to the last transaction and you get the voucher for some benefit at the next check-in.
Apple released some numbers that every iPhone user has approximately 60 apps on their device which sums up in 10 Billion app downloads from their store. It took Apple 31 month compared to 67 month to sell the same amount of iTunes songs.
In their latest commercial, MINI battles vs. five-ton monster truck. Can a monster truck jump really clear the whole MINI family becomes the question? And just watch the feelings and what happens to those who watch the challenge. Can love be described better?
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John Hernandez is General Manager of the Customer Collaboration Business Unit (CCBU) at Cisco, which provides contact center and interactive voice applications to enterprises and service providers. In this capacity he oversees product and market development, and is closely involved in the business with the Cisco sales force and partners.
The Strategy Web spoke with him about the launch and benefits of their new customer care product SocialMiner.
What were Cisco’s most successful social medias tactics in the last 2 years? How did Cisco came across the new solution SocialMiner? Why is social media monitoring so important from a strategic point of view for businesses?
Cisco is very active in social media. Our employees were some of the earliest adopters of Myspace, Twitter, Facebook, YouTube, and other social sites. We have tens of thousands of active social media users in our company, as well as a robust and vibrant corporate presence on the social web.
Social media monitoring can become a key strategic advantage for businesses. From a contact center perspective, social media could be treated as “just another channel” in a multichannel approach. However, the public nature of social media, along with the sheer volume of social media postings, makes social media as much a business intelligence tool as a new way to engage with customers. Cisco believes that proactive social media customer care will have a transformative impact on how companies engage and serve their customers.
The concept of the SocialMiner product came from our observation of the changing communication habits and Internet usage of consumers. As consumers have adopted social media channels for their individual communications on an ever-increasing basis over the past couple years, it is only natural that they would consider interacting with a business via social media. This concept of social impacting customer relationships is a very active topic within the emerging “Social CRM” community.
Is SocialMiner just a Customer Service product? Bearing in mind that social conversations on the web affects the whole business…
Cisco SocialMiner is an engagement product, not a “listening product.” SocialMiner is designed to scale the quality and quantity of social media interactions performed by a business. SocialMiner can be used for a variety of business functions such as Support or Sales, but we believe the customers that derive the most value from social media will also use these engagements to drive business process change. For example, an organization could use SocialMiner as a source of business intelligence to provide real-time customer appreciation or criticism of a product or service (or of a competitors’ product/service). Social media can direct their business strategy. Cisco believes that companies that learn from social media will become closer to meeting their customers’ expectations and this will drive overall business success.
Which three benefits do business users have using SocialMiner compared to other tools in the market (Radian6, Alterian, etc.)
1. Cisco SocialMiner is complementary to brand monitoring dashboard solutions. It is designed to support scaling social media by leveraging the best practices from contact center type operational models: Queuing, Service Level Metrics (Average Speed of Answer), and productivity metrics for users. By contrast, many of the brand monitoring dashboards have pieces of workflow capability, but these capabilities are either relatively limited or recently introduced functions.
2. Cisco SocialMiner is a component of the Cisco contact center portfolio which currently includes an installed base of over 10,000 customers. SocialMiner is packaged, priced, and delivered along with Cisco Unified Contact Center Express and Cisco Unified Contact Center Enterprise solutions, and therefore it supports the same installation, deployment, serviceability, and user experience as these other Cisco collaboration solutions.
3. Cisco SocialMiner is a very easy to install and operate software appliance. It runs on premise or in a customer controlled data-center hosting facility and offers unlimited capture capability. Cisco SocialMiner is an API-first product with 100% of functionality available via REST API’s and all user interface delivered as OpenSocial gadgets with documented source that can be modified by Cisco channel or customers. This model supports the preferred consumption model of most enterprise organizations along with a broad customization capability.
Can it be used as a stand-alone product or only in combination with other Cisco products for customer service? Do you have any case studies of success?
Cisco SocialMiner can be used as a stand-alone solution. We have several case studies that illustrate SocialMiner’s success. Zone Labs is one of them. The small wellness company was looking to accelerate revenues & grow 1000% in next 3 years, implemented Cisco SocialMiner to increase customer engagement, customer satisfaction and sales. Zone Labs started developing social communities on their own website as well as Facebook, Twitter and other social media outlets. They used Cisco SocialMiner to route and queue contacts to experts within their organization.
Using SocialMiner, experts were able to proactively answer health and wellness questions via Twitter, providing encouragement to consumers on the Zone Diet, customer service and expert advice on questions such as vitamins and healthy recipes. Zone Labs saw improved agent productivity by automating capturing and responding to social media posts (currently estimated at ~10x). They gained greater customer satisfaction & brand mind-share from faster first inquiry resolution on the web, and were able to compete on comparable scale with larger companies. Their social media activity reduced their customer acquisition cost and created a larger funnel with more leads, that were converted more easily and more quickly than before.
Within 4 months of using SocialMiner, Zone Labs saw tremendous results:
– Web site transactions up 189%
– Revenue up 203%
– 202% increase in total visitors to www.zonediet.com
Thank you for your time, John. And by the way: I like your commercial for the product…
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The World Economic Forum will host its annual meeting in Davos from 26-30th of January 2011. Year on year prominent business people and politicians discuss at the event the state of the world from economics to political issues up to environment topics. In 2008, I have written about the first Social Media approach of the WEF. It became the most read blog post until today, probably as of the event’s popularity.
At the end of last year, I met Matthias Lüfkens at the LeWeb10 in Paris and I wanted to get some input on their Social Media learnings.
About two years ago, I have written about the World Economic Forum and your open social web-strategy. How do you think about your approach in 2008 today?
I think it was the right decision to engage the World Economic Forum on social networks. We are present on the key networks and now have 15.000 fans on Facebook, 13.000 subscribers on YouTube and 1.4 million followers on Twitter. We have shown that our engagement on social networks was not a short-lived PR operation but is a continuous effort to participate in the conversation.
What are the main achievements of your social web activities?
Beyond the number of friends, fans and followers the main achievement is to have given the general public a voice in the Forum. For three years running we have invited citizen journalists to attend our meetings. In 2010 Julia Lalla-Maharajh from the Orchid Project won the YouTube contest and had her own panel in the programme addressing her cause, the fight against female genital mutilation.
Where do you see the difference between PR people and bloggers from today’s point of view?
Social Media has blurred the lines between bloggers and PR people. Today anyone can have his voice heard through blogging or micro-blogging: the consumer, the blogger, the PR representative but also the CEO directly. If there is citizen journalism, there must also be room for CEO journalism, a new more transparent and engaging form of public relations.
What will be your highlights of the WEF 2011?
My highlight is to see how much Social Media has become part and parcel of our events. At the Social Media Corner participants are encouraged to reply to questions on YouTube and Facebook. Many are actively using Twitter to share their thoughts about the meeting. It will be interesting to see how many will check in on Facebook Places and Foursquare.
What is the value of the social web and active social medians for an event like the World Economic Forum?
Social Media has opened up the World Economic Forum events. We have effectively created a two-way direct dialogue between our participants and the general public.
Thank you for your time, Matthias!
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Early adopters show big interest (see study) in location-based platforms like Gowalla, Foursquare or Groupon and obviously Facebook Places. Though only 4% of the US internet users use it, and probably the number is even lower in Europe. Nevertheless, Check-Ins could become the pull mechanism for offers on location-based direct marketing campaign in the future.
However, the check-in technology is still not completely evolved. People can still log-on from places around a building (though often not in the building…) -like we check-in on our airlines for flights today from all over the world- and still earn their “check-in credits”.
Some months ago, I wrote about loyalty cards and how the intelligent use of Social Media at point of sales, i.e. cash points at retailers or in shops, could make our purse loose some “plastic weight”, and make loyalty cards a thing of the past.
Now, combine this thought with the new location-based technology and think where we could be if these platforms could embed loyalty programs in their technology/apps. Automated check-in via apps. No second hand-over from loyalty plastic cards. Quicker engagement and upsale opportunities for companies and brands. Brave new world!?
This presentation by the DASH7 Alliance looks at the state of location-based check-ins in the past, today and the need for a global standard for check-ins (and check-outs) in the future.
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When I first came across the KLM Surprise idea, I thought “cool customer service”, “very modern approach” and “nice use of a Social Media campaign”. It seems KLM engages in how to make their clients happy, how to understand personalized customer service of the future and how to use social media to reach out to their clients one step ahead.
On a second thought, clients could be overwhelmed in a negative way. The approach of the airline might be seen as “social media stal….”. Shall we really use this phrase? Is there some validity in it?
The idea implements all aspects and features of an advertising campaign, and the KLM claim for me seems to be: modern social advertising. Or as the brand puts it: KLM is “committing little acts of kindness because we wanted to discover how happiness spreads”.
Nothing bad about it in my eyes. I like the idea in some way…
Nevertheless, my question is: Is this modern social advertising approach going to far? Is it addressing too much the human characteristics of personality and individuality? Or is it just the modern way of personalized advertising? Some kind of the future of Social CRM?
Know what?! Let’s discuss it! Watch it and give us thoughts….
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Das Marketing-Magazin Absatzwirtschaft, eines der deutschen Top Marketingblätter, hat vor ein paar Wochen für seine Printausgabe die “führenden Werbeblogger” Deutschlands interviewt. Für mich war die Tatsache eine Ehre, das man neben “Indiskretion Ehrensache” und “Off the Record” auch The Strategy Web zu einem der “führenden Werbeblogs” in Deutschland zählt, sowie zum Interview bittet.
Natürlich hätte ich gerne mehr über die Bloggosphäre gesagt, aber eine grundsätzlich diskussionwürdige Stellungsnahme ist sicherlich das Zitat:
“Es ist ziemlich verworren, was zurzeit im Bereich der Webstrategien abgeht! Markenverantwortliche träumen von Bloggern und Followern in ihren Diensten, doch die modernen Socialmedians verhalten sich anders.” Es verdeutlicht, was derzeit die Marketiers wollen, aber die Bloggosphäre meiner Ansicht nach, oft noch nicht bereit ist zu vollfüllen.
In den nächsten Tagen werde ich das ein wenig mehr ausführen, wenn ich meine dreiteiligen Reihe “Insights 2010” veröffentliche. Der Beitrag “Spaßgetrieben” kann im PDF-Format nachgelesen werden…
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Do bank customers want ads in their checking accounts? Whether or not we like it, banks think about ways for new monetization opportunities but also try to strengthen loyalty programs of other companies. The big alignment of the industry and the end of the plastic loyalty card? Banks just ad links to the last transaction and you get the voucher for some benefit at the next check-in.
One-on-one interview with John Hernandez
About two years ago, I have written about the World Economic Forum and your open social web-strategy. How do you think about your approach in 2008 today?
When I first came across the KLM Surprise idea, I thought “cool customer service”, “very modern approach” and “nice use of a Social Media campaign”. It seems KLM engages in how to make their clients happy, how to understand personalized customer service of the future and how to use social media to reach out to their clients one step ahead.
Das Marketing-Magazin