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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

This section contains articles submitted by site users and articles imported from other sites on Marketing Intelligence

Acquisitions for SME Business

Mergers and acquisitions speed up growth. This is done by creating strategic acquisitions. And for small and medium companies, locating an acquisition target to speed up growth takes concentration, dedication, skill, disciplined attitude, knowledge, time, and diplomacy. A positive acquisition process can have a high probability of success. This article will describe success with respect to acquisitions as how to close an agreement at a reasonable price or terms, and second how to achieve effective post-acquisition amalgamation. Read more at:

https://www.business2community.com/strategy/growth-through-acquisitions-a-key-to-accelerating-sales-and-profits-02380848

 

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Lead Generation for Small Business

Lead Generation is important for small business and it starts at the educational level as a small business you need to learn most of the concepts in lead generation from the very beginning. Nowadays, it is absolutely essential for marketers to include it in their marketing strategy. Here in this article, we will explore some of the primary concepts, particularly relating to building social media audiences for small businesses. Read more at: https://www.business2community.com/small-business/social-media-lead-generation-for-small-business-02380900

 

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Virtual Reality and Analytics

If you’re not tracking VR analytics, how do you know what works and what doesn’t? How do you prove ROI?

Utilizing quantitative and qualitative data can put you ahead of your competitors.  After all, without analyzing your data within VR is just guess work.

Doing this gives businesses the ability to track users in a 3D space instead of 2D screens. Traditional 2D tracking metrics such as clicks, swipes, scrolls or taps are certainly not the best ways to capture the depth of data available in these 3D environments.

VR specific metrics include Eye tracking to see what draws their attention, user interaction with specific objects, tracking 3D spatial data and biometrics to measure the emotional state of users to name a few.

These metrics are used by businesses to develop better products, train employees effectively and more efficiently and to understand customer buying behaviour.

Read more at: https://www.tobiipro.com/blog/why-vr-analytics-eye-tracking/

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How businesses are winning with Chatbots

No more will you hear about Chatbots being the next big thing. They’re already here and here to stay! Top domains where Chatbots are proving beneficial are:

1.      Ecommerce and Online Marketing: Messenger Chatbots have higher open rates and click through rates than Email, as a result of which many online marketers have begun using Chatbots as a way of getting website visitors’ information. Redirecting the customer to the correct sales channel, content gamification and relationship marketing are additional benefits it brings to this domain.

2.      Customer Service: The best use of technology right now is in automating the easy questions that get asked over and over again with a live agent takeover whenever the bot cannot answer a question. When the bot is stumped, it automatically sends the questions to a live agent, listens to the answer and then learn how to answer such questions in future.

3.      Travel, Tourism and Hospitality: Bots in this space are being successful on a number of critical fronts- they increase revenue, increase customer satisfaction, increase engagement and brand loyalty and lower costs via automation.

4.      Banking, Financial Services and Fintech: First and foremost, bots can help warn you about issues and dangers with your bank account. Bots can give you suggestions on what to do with your money- it can give you a cost breakdown of where you are spending or how can you move money around in order to save more money. Banks are also using chatbots internally to help automate tasks.

5.      HR and Recruiting: Chatbots can engage applicants and pre-screen them and make sure they’re qualified by asking a few questions. They also help in easing the process of on boarding new employees.

 

What other uses could be coming next? Read more at:

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Know all about Managed Service Provider

Nowadays, managed service provider or MSP is becoming important as several organizations outsource IT processes. It is a good sign, but you need to have a MSP contract and must know what kind of information to be included. This article tells us about six things that you need to include in an MSP contract. Read more at: 

https://it.toolbox.com/articles/6-things-to-include-in-your-managed-service-providers-contract

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Know about different types of mobile geolocation marketing

Marketers are discovering different ways to utilize location marketing but, the most prevalent is mobile geolocation marketing. According to a report, it is found that almost 9 in 10 marketers found location-based advertising and marketing resulted in higher sales, further supported by growth in their customer base and higher customer engagement. This article explores different types of mobile location-based marketing. Read more at: 

https://www.business2community.com/marketing/location-based-marketing-on-the-rise-02242118

 

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Know more about managing business uncertainties

Business always involve uncertainty even if the economy is conducive to do business as clients come and go, competitors enter and leave the market; leases are not renewed, technology changes overnight. This article give us valuable tips on how to manage business uncertainty easily. Read more at: 

https://www.business2community.com/strategy/5-tips-on-managing-business-uncertainty-02242242

 

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Why B2B brand awareness is important

Many businesses spend a ton of time, effort, and budget to get visitors to B2B website but do not put any effort into staying in front of a website visitor once they leave the website.  Building brand awareness is important as creating brand awareness is critical to the success of your business. There are many reasons as to why it is significant to create brand awareness. Read more at: 

https://www.business2community.com/b2b-marketing/7-b2b-marketing-strategies-to-build-brand-awareness-02233409

 

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Know the trends of performance management

According to a research, it was found that 58% of companies do not even believe performance management is an effective use of time. And that is why nowadays, organizations are continually updating their performance management systems to achieve better results and improve the process. This article explores some of the most common trends that can add value if implemented effectively. Read more at: 

https://www.business2community.com/leadership/8-tips-for-improving-performance-management-02234109

 

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Need for social media optimization for small businesses

Nowadays, the internet is transforming the way companies find and reach their customers. It is a fact that these small businesses are no longer reliant on billboards and television ads to gain visibility as they can launch powerful, focused campaigns to target their specific niche in the market. In a study it was found that organic searches are favored 94% of the time, and according to another research, the first page of links receives 92% of all clicks. This article explores why a strong search engine optimized content strategy is needed for small businesses. Read more at : 

https://www.business2community.com/seo/seo-for-startups-how-your-business-can-benefit-02233145

 

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How Artificial Intelligence is redefining industry

The Artificial Intelligence industry is growing at an exponential rate and the artificial intelligence market is projected to grow in value to $191 billion by 2024 with a CAGR of 37%. Artificial industry has the capability for machines to make decisions based on logic, data, and information from the past is impacting several industries. From self-driving vehicles to chatbots, thus transforming the way business is done on a global scale. Read more at: https://www.business2community.com/business-intelligence/artificial-intelligence-is-redefining-these-5-major-industries-02232853

 

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Why Reputation Management matters so much?

Reputation management deals with maintaining and controlling a group’s, an individual’s or a brand’s reputation. The reviews that the customers give on a brand greatly impact how search engines and prospective customers make decisions about that brand everyday. Every business tries to take its reputation management strategy to a next level. Sentiment analysis determines the nature of response to a particular product or brand- if its positive, negative or neutral. It helps to analyze customer feedback or how they feel towards a brand. Besides, competitive intelligence is the key to winning and maintaining business. Understanding one brand’s performance relative to others is necessary. Generating new reviews help businesses to stand out which in turn helps in maintaining the reputation. This can be done by simply asking customers at checkout to write a review if they are willing to. However asking for reviews too often is not a good idea as this can annoy the customers. Hence businesses must learn to create an effective review response. Read more at: https://www.thedrum.com/industryinsights/2019/06/25/how-take-your-reputation-management-strategy-the-next-level

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Utilization of AI to refine the entertainment marketing strategies

Merging entertainment with data is a well-known concept. The marketers and content-creators have always focused on strategies that will resonate with the audiences and keep them engaged. Over the past few years, there has been an evolution of AI in the marketing strategies of content creators, brands, networks, etc. AI uses the deep learning algorithms that can digest, asses and contextualize unstructured data quickly to derive actionable insights. AI can analyze millions of pieces of content at a time, with the help of deep learning which is undoubtedly beneficial for the content creators and marketers. Deep learning helps in predicting whether a campaign will be successful even before it starts. Thus marketers are increasingly turning to deep learning algorithms to make better sense of the contents. Read more at: https://www.thedrum.com/industryinsights/2019/04/03/the-evolution-ai-entertainment-marketing

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The era of Influencer Marketing

Over the last few years, industries have become more sophisticated due to the increasing demands of influencer marketing. Many companies are planning to increase their influencer marketing investments to develop long-term partnerships with creative influencers on social media. Influencer marketing is nothing but a hybrid of old and new marketing tools, taking the idea of celebrity endorsement and placing it into a modern day marketing campaign. However the Influencer marketing faces a lot of challenges. Due to inconsistency in data, companies tend to jump from one influence marketing provider to another. However, we can expect to see an evolution in gathering and usage of data in the coming years. Brands are increasingly becoming more educated and competent. Marketers and brands want tools that gather all metrics relevant to value generation and tools that can track the performance from multiple social media platforms. Those providers that fail to deliver these requirements often fall behind as the market evolves. Moreover influencer industry is built on trust and authenticity, so the rise of fake followers erode business and consumer trust. Hence in order to protect the customers, the influencers must take a stand against the rise of fake followers. Read more at: https://www.thedrum.com/industryinsights/2018/12/21/why-we-need-get-little-smarter-about-influencer-marketing

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Chatbots: Key To Customer Service Optimization

With the advancement of data science, Chatbots are on the rise. Chatbots optimize customer service as they prod intelligent conversations between a human and an automaton. Chatbots, driven by machine learning, constantly collect new data from their interactions with customers to deliver improved experiences. It has been estimated that in 2020 over 85% of all customer service interactions will deploy Chatbots. They can act as virtual advisors and look into customer issues, can decipher typos made by interlocutor, provide speedy responses with 24/7 assistance to customers, deliver help in the banking industry, etc. Chatbots being the employees that can work without taking any rest, are useful in the insurance industry, Facebook Messenger and health service as well. Developments of Machine Learning algorithms and technology behind Big Data are the pillars of Chatbots.

Read more at: https://www.smartdatacollective.com/big-data-leads-to-impressive-array-of-chatbots-in-customer-service/

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Big Data And Gmail Security

   With the idea of improving Gmail security, Google has adopted new big data security standards. Nonetheless, users should incorporate big data to secure their Gmail login. So far, Gmail is not the most secure email servers in the market as it wants our emails and details which act as data. Big data enhances Gmail security by prioritizing advancements in cybersecurity and malware protection and making two step verification more reliable. As Gmail users, we should upgrade our browser every time we are notified about it and use a sophisticated password which should be a unique combination of characters, letters and numbers. Hence it’s a blessing for us that Big data has started looking into Gmail security concerns.

Read more at: https://www.smartdatacollective.com/4-brilliant-ways-to-use-big-data-to-boost-gmail-security/

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BUSINESS INTELLIGENCE TOOLS: THE GAME CHANGER IN SMALL BUSINESSES

Business intelligence (BI) tools, used to prepare, present and analyze data are now transforming the small businesses. The chief role of BI is to convert tons of raw data into useful information that the business executives can use. Small businesses will grow if and only if it can break down and analyze the information available on its server. BI tools help businesses make smarter decisions and also in Customer Relationship Management (CRM). Businesses must always find ways to understand their customers better. This is where BI solutions like YellowFin and Looker play a massive role.BI tools also help in boosting data governance and compliance. Thus BI helps small business owners avoid mistakes by keeping data accurate and up to date.Read more at: https://www.business2community.com/business-intelligence/how-business-intelligence-tools-are-transforming-small-businesses-02208030

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USING VIDEOS IN EMAIL MARKETING

Nowadays video based marketing is a great way to engage with customers and increase followers. Recent studies have found that open rate increases by almost six percent if videos are included in emails. Not only that it is an implausible way to ensure engagement and increase sales substantially. Videos in email save time and are easily understandable to the viewer. Apart from that, it is cost effective and it quickly grabs audiences’ attention. However companies must be well aware of the fact that using videos in each and every email can go against the marketing tactics resulting in ignorance by the subscribers. Being creative, choosing the right email provider and monitoring open rates are some of the important tasks that should not be neglected while using videos in email marketing. Read more at: https://www.business2community.com/video-marketing/your-2019-guide-on-how-to-use-video-in-email-marketing-02211325

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IS YOUR BUSINESS A VICTIM OF BAD DATA?

Bad data generally refers to the faulty or flawed data. All the marketing strategies and tactics become futile if the business falls prey to bad data. Studies have found that bad data are expensive and can cost upto $3.1 trillion per year. One of the important contributors of bad data is the reliance on traditional lead generation tactics by the companies. Third party intent data is a savior to the bad data problem. It helps companies overcome the inaccuracies that might have existed in their Customer Relationship Management (CRM) for years. Companies must ensure that the data provider is a trusted one. To overcome bad data problem, the intent data must be accurate, actionable and targeted. Read more at: https://www.business2community.com/marketing/solving-the-bad-data-problem-in-marketing-02210818

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Do emotional intelligence training and sales go hand in hand?

Nowadays emotional intelligence is changing the way we view sales. It is an effective way of understanding customers’ emotions and analyzing their buying behavior. An emotionally intelligent sales person must possess qualities like managing client relationships, self-awareness and self-management. Convincing the customers to buy products is an important task. An emotionally intelligent sales person must be able to resolve any issue that might arise. Being aware of how one’s action affect others can help develop a sense of self awareness. A self aware salesperson should know the right time to talk and should be an active listener. To be able to control one’s emotion is an important trait that a salesperson must possess. Emotional intelligence training therefore gives an all new perspective to sales. Read more at: https://www.business2community.com/sales-management/why-emotional-intelligence-training-is-vital-for-sales-02208645

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