Ninety Percent Of The Online Population Will Regularly Watch Online Video By 2017

The music industry in Europe has had a traumatic time, losing more than 31% of its revenue in the past five years to piracy. Given the increasing digitalization of content in the music, video, gaming, and newspaper industries, our recently published Forrester Research Online Paid Content Forecast, 2012 To 2017 (EU-7) maps content’s evolution from an audience, payer, and revenue perspective for each of these categories and for each of seven European countries. Here are some high-level results for the four categories:

Music.With more than 35% of music revenues in Europe coming from digital, spending on physical music will soon be overtaken by its digital counterpart. Although digital music use in Europe still lags behind the US (where digital revenues exceeded physical revenues for the first time in 2012), Forrester found that more than 50% of online Europeans already listen to online music regularly.

Video.Video is the fastest-growing digital content category; we forecast that more than 90% of the online population will regularly watch online video by 2017. Online video audience penetrations will rise significantly as video on demand, pay per view, and catchup TV become mainstream. And with pay-TV penetrations in the EU-7 nations considerably lower than in the US, there’s more scope for paid online video to grow.

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Join Our eBusiness Team! We’re Hiring A Principal/Senior Analyst Focused On eCommerce Technology

eCommerce technology is a fast-growing, rapidly evolving industry – we’re looking for a Principal/Senior Analyst to help build our coverage of this incredibly dynamic area. 

Here’s a quick snapshot from the job description:

The Principal/Senior Analyst will write for, present to, and advise eBusiness & Channel Strategy Professionals in the retail, wholesale, and CPG industries to help guide their eCommerce and other multichannel commerce technology decisions. He/she will need a strong understanding of the business and technology issues facing eBusiness executives today and an appetite for conducting and writing research to stay abreast of the issues.

If this is you, we’d love to hear from you! Please feel free to reach out directly to me at zwigder at forrester dot com or submit via the job posting

Forget The Funnel! Introducing A New Metaphor For Lead To Revenue Process Management

I’ve seen too many lead-to-revenue initiatives underperform because insufficient attention was devoted to process.  And, I’ve seen an equal number stall because the attempt to document the current state and define the future state leads to analysis-paralysis.   It’s not fair to say that marketing organizations run their demand management completely without process.  What most marketing organizations don’t have, however, is a consistent, end-to-end process to manage a single customer from lead origination to purchase, which is the heart of lead-to-revenue management.  And for that, I blame the funnel.  

The “lead funnel” (the universal model for demand management) gets well-deserved celebrity for giving B2B marketers a metaphor to communicate the relevance of marketing activities to revenue production.   The funnel’s clearly defined stage gates (MQL, SQL, SAL, etc.) give marketing the basis to collaborate with sales on lead management.  The funnel makes it easy to snapshot the health of the end-to-end pipeline.   But, as a construct for thinking about the lead-to-revenue process, the funnel fails spectacularly.  In this blog, I'll introduce an alternative metaphor, the Lead-to-Advocate Escalator.  But, first, here’s what wrong with the funnel (and funnel derivatives like the waterfall).

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Planning Guidance For Your 2013 Budget

Forrester's 2013 planning guidance is an essential element to your annual process of establishing your plan, defending your plan, and ultimately winning with your plan.

On November 20 at 11:00 a.m. EST Forrester analyst Lori Wizdo will share some compelling insights from our Q3 2012 B2B Marketing Tactics and Benchmarks Online Survey.  Please plan to register for this one-time presentation and discussion of key insights from some top-performing organizations that you can use to inform your own plan. And then after the webinar, please plan to continue the conversation in our community.

How Sophisticated Is Your Approach To Mobile?

Today, Forrester published an updated study to help eBusiness professionals understand how their peers in other companies with more experience are taking on mobile. The report (which clients can find here) is titled "Mobile Maturity Equates To Mobile Competency."

In the study, Forrester put eBusiness professionals into one of three groups based on the maturity of their mobile strategy - how many years a strategy had been in place. From there, the report provides an in-depth comparison of the approach to developing mobile strategies, level of collaboration, staffing, use of technology, spend, key performance metrics used, and approach to development.

A few key takeaways:

- Senior leaderships is essential. Only 54% of companies just getting started with mobile feel their company sees mobile as a strategic initiative. In comparison, 87% of eBusiness professionals with a more established plan have this support.

- eBusiness professionals with more experience are more likely to build in-house. They understand that mobile services cannot be one-off projects. Mobile services are assets, touchpoints, channels, and more that require infrastructure and ongoing maintenance and improvements. They also use consultants or agencies but lean toward custom builds to get the most out of the medium.

- eBusiness professionals often lead with iOS applications, followed by Android. Less than 10% of experienced eBusiness professionals build for BlackBerry or Windows today.

- Experienced eBusiness professionals have a process in place to develop strategy that either is mobile POST or strongly resembles mobile POST.

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The End Of A Long Week In eBusiness In New York

My colleague Patti Freeman Evans put up a great blog post yesterday about eBusiness efforts post-Sandy. I wanted to finish off the week with a snapshot of the ATM screen I took about 10 minutes ago at my local Chase branch - amazing what a multi-touchpoint world we now live in (I count up to six in this one message alone!).

Wishing everyone a safe weekend.

Designing The Employee Experience

In the dozens of conversations I have each week with companies charting their paths to a better customer experience, the role of employees often comes up. We talk about the importance of employee empowerment and how critical it is that employees feel free to make decisions that are right for customers. We discuss tactics like hiring, socialization, and rewards that can help organizations build corporate cultures that reinforce customer-centric attitudes and behaviors.

But rarely — if ever — does anyone ask me about actually designing the employee experience.

As I’ve said before: Great customer experiences don’t happen by accident — they have to be actively designed. In other words, you need to follow a structured process to ensure that you’re meeting customers’ needs and enabling interactions that are easy and enjoyable for them. While the discipline of design hasn’t yet become mainstream in the business world, companies around the globe — E.On Energy, Fidelity Investments, Mayo Clinic, and Virgin Mobile Australia, just to name a few — have started to embrace the value of design in customer experience. They’re conducting ethnographic research to uncover customers’ hidden needs. They’re bringing customers in for co-creation sessions to develop new experience ideas. They’re iteratively prototyping and testing the proposed solutions.

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eBusinesses Use Digital to Deal with Sandy

eBusiness professionals have disaster recovery plans in place to deal with nearly annual storms across the country.  How many times have we heard of a snow storm November and December slamming formerly robust holiday sales?  However, Sandy has put the northeast in uncharted waters.  The extent of the challenges we face in the nation's most populous region is vast and varied:  Gas, fuel and water shortages, road closures, and electrical outages affect both homes and businesses throughout the area.  NYC is an odd microcosm of the variety of issues we face:  Below 23rd Street has water but no electricity and no subway service. By contrast, north of 23rd Street - while it’s not business as usual - life is closer to normal.  Yet, in the outer boroughs and the tri-state area, the situation is often much, much more dire.   

I write this from refuge at my brother-in-law’s apartment at 100th Street because we lost power at home in Tribeca.  Since we are safe, I am more frustrated by lack of battery power and Wi-Fi variability than I am with the lack of electricity for other things.   I felt so cut off without internet access.  To see crowds of people leaning up against closed Starbucks locations’ outer walls to access Wi-Fi is an indication of how digital technology has become so critical to our daily lives.  Now, fully connected, I am able to work at near full capacity in spite of the devastation around me – I just wish my brain was up to my digital capabilities.

Across a broad search on how eBusinesses are dealing with the situation, a number of initiatives arose:

  • Local businesses are already using digital means to try to recover.
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Google Rolls Out Its Attribution Modeling Tool To A Wider Audience

Google recently announced, on Tuesday, plans to offer its Attribution Modeling Tool through Google Analytics via a public white list. The Attribution Modeling Tool was previously offered through the Google Analytics Premium product at an additional cost. The move to make its Attribution Modeling Tool available through Google Analytics for free indicates that Google is aggressively looking to extend its current analytics and measurement capabilities. Specifically, Google’s Attribution Modeling Tool allows users to:

  • Work with data they’re already tracking in Google Analytics. That means no additional setup or work for your IT department, marketing, or analytics groups. Flip the switch and you’re on. You can input and view values across channels, including affiliates, display ads, paid and organic search, and email.
  • Customize the attribution model. Google Attribution Modeling Tool provides either last-click or rules-based attribution models to their users. Google allows the user to have control of their attribution model, allowing the user to compare various models to each other, including the contributed value of channels, campaigns, and various other dimensions.  
  • Access the Attribution Modeling Tool for FREE. We all love free things. All users have to do is sign up for the tool and the tool is available through the Google Analytics product. If you want more information about the tool, Google is hosting a webinar, which will give an overview of the capabilities.
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Wal-Mart Uses Boxee TV To Accelerate Cord-Shaving

This week Wal-Mart announced that it would put significant weight behind the new Boxee TV box, a $99 set-top box that competes with the market-leading Apple TV and the runner-up Roku boxes. Wal-Mart also sells the Apple TV and Roku devices, so it might not seem like a big deal, but it is. Because Wal-Mart is going to promote Boxee TV with in-store displays and outbound marketing support. Why? Because in addition to the regular apps like Hulu, Netflix, and the rest, Boxee gives Wal-Mart customers three things they can't get from Apple or Roku:

  1. Regular TV shows from local broadcasters. Boxee's new box has a digital tuner that lets you tune to digital signals from ABC, CBS, CW, Fox, NBC, PBS, and Univision through either an over-the-air antenna or via ClearQAM. 
  2. Unlimited DVR. Not only will Boxee let you watch these channels, it is offering unlimited cloud DVR for $9.99 a month (in only the top eight markets for now) to record any shows from those networks, without managing a hard drive or paying extra if you want to store hours and hours of video.
  3. Multidevice viewing. This is the real coup for Boxee. Because its DVR is in the cloud, it can send your recorded content to any device you log in to -- whether it's in your home or in your hands while traveling for business. 
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