Starting A Mobile Banking Project? There's A Checklist For That

Peter Wannemacher

In his excellent book, The Checklist Manifesto, Atul Gawande makes a compelling case for the power of simple checklists to avoid issues and mistakes during the decisioning process. Gawande's thesis is essentially this: A consistently applied, step-by-step checklist can be enormously valuable for a range of professionals from doctors to software designers to executives at major companies.

Add to this group the lowly mobile banking strategist.

So Forrester built a checklist for anyone leading a mobile banking project. I encourage you to download it today. (It also conveniently prints out as a two-page physical checklist for those who still love paper!) Our checklist provides 20 key questions you and your team should ask and answer. These checklist items are divided into five key areas (see image below).

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Where’s Your Next $Bn In Growth Coming From? Your Home Market? I Don’t Think So…

Martin Gill

Depending on the viewpoint of your favorite economist, the recession may be over. But retail growth is far from buoyant in many markets. The UK retail sector shows healthy signs of recovery, while US consumers seem be less confident. There are numerable success stories; John Lewis passed the £1bn online revenue mark this year, while Macys is in its fifth year of double-digit online growth, in spite of a slightly shaky offline performance. But as an eBusiness leader, no matter what your local market conditions, I’m willing to bet one thing.

Your growth targets haven’t gone down.

For many years, growing online revenues has been a core strategy for most B2C firms, and many B2B firms are also riding the eCommerce wave. But as markets become crowded and competition becomes tighter, globalization is an increasingly attractive option for eBusiness professionals. With southern European markets seeing online growth rates in the high teens and even bigger opportunities like Russia and China on the global horizon, it’s no surprise that an international strategy is high on the agenda for many eBusiness leaders.

But going global is complex.

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Some Friendly Advice For Dell Customer Service

Harley Manning

Right before school started last year I bought my son a new Dell laptop, a Windows 8 machine with a touchscreen. He loves it.

Fast forward to a month ago when our family rented a vacation house. My son brought his laptop along so he could play DVDs on it – online gaming was right out because we had purposefully rented a house with no Internet connection so we could unplug from work.

The first time my son tried to log on he found that Windows did not want to accept his password because he was not online. I’m going to skip the lengthy explanation of why this is not supposed to happen, why it happened anyway, all the things we tried to do to fix the problem ourselves, etc. (Maybe they’ll end up in a different post – who knows?)

Suffice it to say that since the laptop was still under warranty, and the problem seemed simple enough, I decide to call Dell. I assumed they’d encountered this situation a million times and could tell me a fix in their sleep. Well, I was wrong. After talking to five different people (could have been four, could have been six, I lost count after a while) I realized that I had made a mistake and hung up on the hold music.

Since I hate to let an interesting customer experience go to waste, though, I’d like to offer some hopefully helpful advice to the Dell customer service people – because, in fact, we do like that machine we bought from them and would love them to be around for our next laptop purchase. With that in mind, here are my top suggestions for the people who tried to help me as well as anyone else who runs a customer service operation.

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Ease Your Selection Of Customer Analytics Providers In China

Gene Cao

Forrester surveys in China show that business data and analytics are increasing as the No. 1 technology priority for Chinese businesses; 55% of technology decision-makers in the country plan to use data and analytics to improve business decisions and outcomes in 2014, up from 43% in 2013. Chinese digital marketers are looking for powerful tools to better understand customer behavior, especially regarding customer acquisition. Businesses in industries like banking and financial services, telecommunications, and retail understand that data and analytics are critical for enabling business transformation — but they have struggled with a lack of data and analytics tools in the market.

The supply side of the Chinese customer analytics market is fragmented and includes a confusing mix of global and local providers. Most customer analytics solution providers started doing business in China in the early 2000s, when the country became much more open to foreign capital. Companies like Procter & Gamble and Coca-Cola introduced new marketing concepts and became the first to use customer analytics solutions in China. To serve these global companies, leading analytics vendors like FICO, IBM, Oracle, and SAS successfully built up their analytics businesses and extended them into local Chinese markets. Increasing demand for analytics also compelled local vendors like Alibaba and Baidu to start providing customer analytics solutions in China. My latest report, “The Customer Analytics Market in China,” profiles these customer analytics providers in four categories to ease your decision-making on vendor selection.

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Check Out These Tools Linking Content To Sales Conversations

Peter O'Neill

I hear so much about how modern marketers are now content publishers and getting better and better at being able to engage with buyers much earlier in their buyer journeys – but what about your poor sales people?  My experience from almost all of my client engagements is that many content marketers forget about them and ended up producing yet more “random acts of marketing” which ignore the sales enablement imperative.  I remember asking when I presented “A Valuable Message Framework” at our Sales Enablement Forum back in March:  

·          “Do you let your sales people know what content is out there so that they can leverage it and distribute it for you?”

·          “Do you want them meeting a customer and hearing what content they have already seen, and being surprised”

·          “How do get feedback on your content?”?

Not a great contribution from marketing to the total customer experience - which definitely involves a sales conversation for some type of product or service (see last week’s blog). 

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The Beginning Of The End For The "Programmatic" Ad Network

The acquisition of [X+1] by Rocketfuel signals the beginning of the end for “programmatic” ad networks. Since the industry’s shift to programmatic, countless ad networks have changed how they market themselves, adjusting their sales language to mimic legitimate programmatic platforms. The “programmatic” ad network insertion order-based and flat-rate business model has prolonged the black box opacity that spurred the need for demand side platforms and exchange based media buying. It’s only fitting that one of the industry’s most successful “programmatic” ad networks — Rocketfuel — is addressing client demand by making a move that launches them into the digital marketing SaaS market.

There is a lot to be said about the success that Rocketfuel has had in the industry; they have done great things for marketers looking to automate audience prospecting and retargeting. They certainly have done an amazing job marketing their programmatic chops, with the success of their AI product and their success with agencies running performance based campaigns. Their recent revenue growth and the fact that Rocketfuel had the capital to acquire a DSP/DMP in [X+1], are testaments to the success that they have had in the industry.

Despite their success, prolonging opacity for marketers in this market is a short-term strategy, and Rocketfuel is positioning itself for long-term success.

Coming from the agency trading desk world, I did not partner with Rocketfuel for several reasons:

  • Rocketfuel works with marketers and agencies on a flat-rate business model, which is aligned with traditional ad network buying.
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Beacon Marketing: Be Wary Of The Hype

Thomas Husson

Beacons have a great deal of disruptive potential as they bridge the digital and physical worlds. I quite like this quote from Steve Cheney, SVP at Estimote: “Beacons as a platform are really a wedge into ‘appifying’ the physical world. They give context to a physical space. They are a way of actually extending the network intelligence to the edge again, something that has been missing since the desktop era. Beacons are truly a way of giving your smartphone eyes—place dumb signs around you and let your phone discover and read them.”

Beacon technology offers new opportunities for marketers across a wide range of industries and verticals. In particular, they enable marketers to:

  • Engage consumers in their mobile moments via in-app interactions.
  • Improve the customer experience.
  • Understand customer behaviors by leveraging analytics.
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Sneak Peak At An Upcoming Book By The Leading Voice In Patient Experience

Harley Manning

Recently Dr. James Merlino, Chief Experience Officer at Cleveland Clinic, sent me a late-stage draft of his new book, “Service Fanatics: How to Build Superior Patient Experience the Cleveland Clinic Way.” I started reading it over the weekend and could barely bring myself to put it down.

If you’re at all like me, you have books you read for your job, and books you read for pleasure: This book ticks both of those boxes. It’s an important work by the leading voice in patient experience. It’s also a gripping personal narrative that changed my perspective on every doctor-patient interaction I’ve had in my life.

Have you ever had a doctor patronize you – dismiss your questions and concerns as if you’re an appointment that needs to be completed as quickly as possible – and not a person? Or maybe you’ve had the opposite experience: a doctor who made you feel heard and cared for. 

More importantly, have you ever wondered why there’s such a big difference in your patient experience from one physician or nurse to the next? You won’t wonder any more after reading this book. And you’ll also know what can be done to make patient experience consistently better across the entire medical profession.

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Game Time — What Can We Learn From Gaming Apps?

Nicole Dvorak

Want to track how many calories you burned on your lunch run? There’s an app for that. Want to turn your face into an Emoji? There’s an app for that. Want to kill time by making patterns out of different colors of candy? There’s an app for that, and it’s quite popular, in fact. Candy Crush Saga, the most popular gaming app in the United States, according to Forrester’s Consumer Technographics® Behavioral Study, attracts close to 14% (about 1 out of every 7) of US online smartphone owners. On average, users access the app almost every other day, and when they do, they spend more than a half an hour per day using it. That’s more time than users spend on any social networking app, even Facebook.

Spending this much time using a gaming app is not unique to Candy Crush. Gaming apps frequently make it to the top of the list when sorting by time spent per day. Juice Cubes, another gaming app, keeps users engaged for an average of 37 minutes per day, 3 days per week. Who are these gamers, and where do they get the time?

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Let's Talk About Programmatic

Programmatic – one of digital marketing’s buzzwords of 2014. It seems today everyone is doing programmatic ad buying – and if you’re not, then some would say your media strategy is lagging behind. 

Most marketers are still trying to make sense of the programmatic buying space and answer questions like:

  • How should I be using programmatic and what can it do for my brand?
  • What types of programmatic technology should I be using?
  • Am I getting the most out of my current programmatic approach?
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