Sidetrade Guide To B2B Predictive Sales and Marketing
Sidetrade Guide To B2B Predictive Sales and Marketing
Does this level of insight seem incredible? The technology’s already here and working. Are you ready?
Gartner predicts that
within 3 to 5 years, 50% of
analytics applications will
feature artificial intelligence
functionality.
2005-2015 2015-2025
1990-2010 Predictive modelling of
Marketing Automation became
SALES & MARKETING SOFTWARE CRM Systems became
critical for digitally savvy internal and external data
mainstream
businesses to improve sales
2000-2015 2015-2025
Artificial intelligence solutions
1 Predictive Analytics Big Data solutions
st
ARTIFICIAL INTELLIGENCE developed by most advanced
structuring, universal and
future-oriented technology
organizations’ Data Scientists teams
available to every company
Customer data exploited by artificial intelligence makes behavioral correlation available through predictive models. Artificial intelligence
becomes a real growth and efficiency lever!
Advanced artificial intelligence platforms now provide this new turnkey solution as a Cloud service; this is the obvious next step for those
organizations looking to become more data-driven or to make further marketing and sales performance improvements.
1. Sufficient data This isn’t always the case with generic industry models. Generally, you'll need more than 2,000 customers
and 3 years’ worth of history.
Having more than 1,000 products also often lends itself to predictive capability, with the added complexity.
Sales and Marketing Departments must be able to successfully act upon the predictive insights provided.
2. Sales & Marketing Sales and Marketing teams therefore must have the capability to execute campaigns using intelligent
insights from Big Data.
maturity
Systems and processes such as CRM & Marketing Automation must be in place.
New insights produced across the customer lifecycle will require some of your processes to change if
they’re to incorporate new data and optimizations.
3. New corporate culture To achieve the most powerful results most companies will require a willingness to change, robust project
and change management, and strategic leadership from the Executive team to transform and register the best
business results possible.
Internal data (CRM, marketing automation, ERP, sales history, back-office…) quality is not
a show-stopper for artificial intelligence. The right predictive algorithms, model cleaning
and pre-processing can deal with very sparse or poor quality data.
Data can be analyzed and results of models evaluated in advance - if your data is too
poor to be predictive it will be apparent early in the process. This is the ultimate data
quality test for predictive.
TOP TIP FOR VENDOR SELECTION Your customer master data may be messy, but can easily be cleansed and
enriched from an external data source and corrected before processing.
Artificial intelligence holds new opportunities for Sales As modelling is probabilistic the data does not need to be 100% accurate,
and Marketing Departments. unlike financial reporting. You don't need to wait for such accurate data to
be able to add significant value back to the business.
The artificial intelligence platform you choose will have to be
able to automate much of the data quality work (extracting, One of the main sources of learning is from your sales data, which is
transformation, loading) using external data to enrich and typically very accurate; as this drives your invoicing and how your
standard business rules to cleanse data. customers pay you.
55% of B2B organizations have now implemented Marketing Automation and are now looking for
further ways to optimize their performance
Hyper
personalization Hyper targeting Agility Iteration
Hyper personalization goes Mature organizations are sat Companies host a large For the first time, companies
beyond conversion rates on stacks of data. This is ideal volume of data. Machine benefit from data to influence
optimization and sales increase. for data mining and machine Learning algorithms learn their prospects or customers.
The target is, more globally, learning to discover where from these data flows to Marketing campaigns are
customer satisfaction and the best opportunities are and simplify the 360° vision of becoming more and more
brand relevance. Sales and improve customer knowledge customers real expectations sophisticated through
marketing strategies can finally to retain the right customers and attractive products. predictive analytics generated
be adjusted in real-time via and work on account targeting. Organizations continuously by internal and external
an exhaustive knowledge of The opportunity for predictive detect the best sales data. Sales and Marketing
the customer. Personalized analysis is huge and the opportunities via the Data Departments visualize in
contents are delivered in business benefit is a dramatic Science. real time every new sales
real-time, interactions are improvement in operational opportunity and hasten the
individualized. efficiency and productivity: decision-making process.
several man-days can be
gained.
Marketing Departments traditionally estimate the future value of a client through numerical
SCORING average based on the results of the past year, current economic index and estimations from
MODELLING ORCHESTRATION
the coming year’s strategy.
TRAIN & TEST
Facing the inefficiency of traditional marketing practices, companies are now turning to predictive
marketing. Artificial intelligence combines a collection of statistical techniques to analyze the past, to
CLUSTERING
ASSOCIATION RULES
REGRESSION
ENSEMBLE
DEEP LEARNING
DATA
THRESHOLD
MONITORING
N-2 N-1 N N+1
DATA PRE-
PROCESSING
Yes you can, but you should be aware that leading Cloud vendors 2. Artificial intelligence platforms offer a full suite of predictive capability
are offering a complete and configurable solution, as a service, that is configurable to your business.
for a much lower total cost of ownership. Marketers now have
access to artificial intelligence solutions without having to 3. Speed of deployment is often weeks vs months (or years), offering
turn to a team of data scientists. Doesn't that sound an easier
immediate ROI.
option?
Key points to consider 5. Often in-house Data Science teams can be repurposed onto new value generating
to choose the right solution tasks, rather than customer-focused predictive (which can now be achieved out-of-
the-box).
6. Choose a vendor with pre-built connectors to your existing cloud tools - this will
make integration and deployment a breeze.
For the first time, thanks to artificial intelligence, those marketing departments
that are segmenting their audience, anticipating expectations and identifying
consumer trends by offer, geography and profiles etc are securing a concrete
return on investment and getting a step ahead of their competitors.
Automated marketing is giving way to smart predictive marketing, fulfilling the marketer's
dream, with predictive messages that are sent to the right target at the right time to
trigger purchase, with a much better success rate than traditional methods.
IMMEDIATE BENEFITS
Using powerful predictive techniques to analyze your historical data, you can now
identify Ideal Customer Profiles and what signals define them. We call this their
data DNA. Execute effective account-based
marketing campaigns, knowing exactly
Armed with this data DNA, you can uncover more companies ‘like them’ and which accounts to target.
reach the right leads. Take that a step further and find the best contacts at these
accounts to target with intelligent campaigns or include in Ad audiences.
Drastically improve the quality of leads & data
With external data signals like buyer intent, you can even find prospects delivered to Sales and reduce time spent on
that are ready to buy now. conversion.
The volume of accounts of a company is often wider than the workload the
Sales teams can absorb. Salesmen generally end up prospecting according to
their feeling or daily planning, unaware that an artificial solution would have
prioritized their pipeline based on the sales history predictive analytics.
Most built in lead scoring within marketing tools offer a basic “rules-based” lead
scoring mechanism e.g. if a prospect interacts with more than 2 emails and requests
a download within a month, then they get scored as a 'Hot Lead'.
IMMEDIATE BENEFITS
Knowledge-based lead scoring takes a much broader set of customer knowledge
and then uses artificial intelligence to learn from internal and external customer Get a complete 360-degree view of all account
data what activity influenced the leads that actually closed. It then uses segments with automatic tracking of customer
this knowledge to predict the best score for any new lead. Then leads are behavior.
prioritized from these predictive scores, allowing the Marketing team to draw
a customer behavior predictive chart to engage each decision-maker at the
Uncover the revenue potential through the use of
right time, with the right message. Customer experience, brand image and
campaign performance are, hence, improved. data science rather than intuition and pre-defined
rules.
Artificial intelligence solutions assimilate several data sources and
attribute to each marketing lead a score according to its future potential Determine the actual probability of each prospect
value and probability to convert. Machine Learning algorithms are
becoming a customer with unmatched precision.
then able to precisely identify business opportunities, from suspect
to client, with a data-driven approach. As a result, the right contact
is reached with the right offer at the right moment.
Your customer base is an essential component of your assets. Securing 1. Predicting the future value of a customer in your
Customer Lifetime Value is essential for competitiveness, profitability and currency over the next X years
customer satisfaction.
2. Predictive revenue chart calculated at an individual
The Customer Lifetime Value represents a projection of the total net profit a company makes level for each and every single customer identified by
from any given customer over time. There are many ways to calculate Customer Lifetime sector or revenue, according to the type of company
Value. Several behavioral components such as gross margin, buying frequency, interaction and customers
demands, decision time or lead cost can influence the formula. Knowing and measuring the
Customer Lifetime Value of each customer is key to adjust customer loyalty investments.
Combined with the acquisition cost, this metric is important to adjust the Go-to-Market strategy
3. An all-encompassing metric automatically
and the associated budget. updated taking into account loyalty, product
margins, upsell/downspin potential in the
What about you? How do you define your customer’s Lifetime Value? Feel free to share your future, retention cost, etc.
experience about the setting and results obtained from this essential indicator in the Data-sphere
era.
4,000 $
Average Customer Lifetime Value
1 2 3 4 5 6 7 8 9 10
$1.7M CLV
Customer decile
Neighborhoods of
customers who purchase
Customer purchasing similar products similar products
Artificial intelligence can take all of your company’s data and through
Machine Learning quickly identify those pieces of data that matter
to you. It will then help you build sales and marketing strategies
to retain the customers. By analyzing the behavior of previously
Internal & external data are key
churned customers, it is possible to predict which of your current
customers are exhibiting similar behaviors - and predict which Using internal billing, CRM, complaint and usage data is great for
ones are looking to leave, before they do. The best bit is retention modelling. But when combined with external credit scores
because it is predictive you will know what the result will be and social data, predictions can become even more powerful.
in advance!
With its Artificial Intelligence platform, Sidetrade uses predictive data science to take
the guesswork out of the customer relationship.