In the May 3rd “What It Means” podcast, Forrester VP and Principal Analyst Michael Facemire describes a technology future that seems obvious, but also fundamentally disruptive. He posits that we have the technology (AI, connected devices) to automate much of what we do in our daily lives but are not leveraging properly. An executive that travels to the same client location and uses his Delta, Hotels Tonight and Lyft apps (he calls these mobile silos) to plan the exact same trip is a poor use of time, even for travel professionals. This future, open ecosystem not only choreographs repeated actions but can detect issues we may miss. For example, if your morning flight to your client meeting in Atlanta is late, the system will signal the hotel and driver that the flight is shifting. If this morning flight is repeatedly late, the system will book an afternoon flight with a higher success rate of arriving on time. Once this automated process works for you and you declare it a success, the open ecosystem should create similar experiences for people who look a lot like you.
Why It’s Hot
- Using data available to us we should imagine how our client’s brands can play in these new “pattern magic” open ecosystems. The outcome should create solutions that feel truly made for individuals in the context that they are currently in.
- These Forrester podcasts are gold. Educational, conversational and a pleasure to listen to while working. If you haven’t already, please add “What It Means” wherever you listen to podcasts.
Last week, Forrester’s What It Means podcast topic was “Rethinking customer loyalty.” The main takeaway is that today’s loyalty programs are seen by brands as a necessary tactic that doesn’t significantly move the needle for incremental sales. The Forrester team argues that most loyalty programs are actually hurting sales and brand affinity since they are largely structured using the same rewards approach from the 80s (you buy more, you get more).
Brands say they want to create better experiences, but what they really mean is “I want to create opportunities to target customers more effectively.” Loyalty programs follow suit in that brands end up seeking behavioral loyalty (incremental transactions) instead of emotional loyalty, which should be fostered along the entire journey.
Why It’s Hot
Over 50% of the customers Forrester surveyed are skilled at shifting spend, are intolerant of poor experiences and say they have an adventurous retail life.
If a loyal customer cannot discern the difference between a loyalty program message and an acquisition message, then we must rethink our approach. Brands need to exceed expectations with their loyalty programs (think Amazon Prime) before their competitors beat them to the punch.
The email example above is from Jane, a consignment store in Princeton. I love their emails — it’s not always sell, sell, sell. They invite me to come meet local artists, sip wine or see a new vintage collection of china. I feel they wholly understand the nature of our relationship: I am a customer who will shop there again, and they want to provide me with benefits for having done business with them.
It’s easier to avoid paying for cable now more than ever with services like Netflix and Hulu and devices like Xbox One and Chromecast that deliver content to the living room. Comcast is well aware how these changes are reshaping the industry, and is seeking to turn the tables.
Today marks the launch of Comcast’s Stream TV service, which will initially be offered to the company’s Internet-only customers in Boston and Chicago. For $15 a month, subscribers will be able to watch a library of on demand content as well as live streaming television from channels like HBO, ABC and FOX.
Stream TV does not require a cable box or subscription. A national rollout of Stream TV is expected to follow the trial in Boston and Chicago.
Why Is This Hot?
In Q3 alone, Comcast lost 48,000 cable customers.There is no greater motivator than loss. While it remains to be seen whether Steam TV is too little too late, it is good news for consumers as cable companies start shifting toward a la carte plans — which mimics the way content is actually consumed by almost half of TV viewers today.
Yesterday Facebook debuted an ad unit called Slideshow that uses three to seven photos and autoplays them as a slideshow — essentially as a substitute for video.
The ad unit is targeted at emerging markets where consumers have older phones—not iPhones or Androids—and sometimes have slower connection speeds. The ads also use less data than videos.
Coca-Cola vouched for Slideshow by running a brief campaign in Kenya and Nigeria, reaching 2 million consumers and raising brand awareness by 10 points for its Coke Studio Africa project.
Why It’s Hot
Aside from providing a solution to help marketers deliver eye catching content to markets with slow or intermittent connections, Slideshow offers up an impactful alternative to costly and time consuming video production for all brands big and small.
Although Adele did not confirm a release date, industry rumours suggest 25 is set to be unleashed on November 20. After three years out of the spotlight, Adele is tipped to launch the album in the US with guest appearances on Saturday Night Live and NBC’s Today show.
The focus on the US, where 21 sold 11 million copies, indicates the weight of expectation resting on 25. Although Adele is signed to the independent XL Recordings label in the UK, she is represented by the Sony Music giant in North America.
25 is the music industry’s best hope of a fourth-quarter sales revival. In the UK, digital album sales crashed 22.8% over the past three months, with CD sales recording a further 10% decline.
Single downloads have slumped 18%, a consequence of the rise in streaming, up 76% for albums, which promises longer-term returns for artists and labels over the cash injection delivered by hit records, often stored up for the pre-Christmas rush.
Why It’s Hot
It’s not. Please support your favorite artist by subscribing to streaming services, or buying direct. Don’t steal music.
This week Microsoft introduced Send, a short-form email app that works more like instant messaging. Send will help you quickly send a co-worker a message like: “don’t send the presentation yet!” or “let’s chat in 10,” for example. This WhatsApp-like app is available for iPhone in the US and Canada from the iTunes store, and is coming soon to Windows and Android phones. It currently only works for those with Office 365 business and school email accounts, but the plan is to make the app more broadly available in the months ahead.
Why It’s Hot:
Send connects to your Office 365 business or school email account in order to find your most frequent and recent contacts, and then puts these right on its home screen. You can tap on any of these contacts to start a conversation, or you can swipe on them and choose a built-in quick reply like “on my way,” or “I’ll get back to you.”. And if you’re running to a meeting and don’t have time to type a detailed response, Send will give you the option of swiping in from a number of short, pre-programmed responses.
While text messaging and IM are great for short messages, you often don’t have your co-worker’s cell phone number or an IM app on your work phone. Send gives you the simple, quick text message-like experience while allowing you to reach all co-workers and have all of your communications in Outlook for reference later.