Data – your friend or foe?
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Transcript of Data – your friend or foe?
Data – your friend or foe?
Presented by: Jonathan Hulford-FunnellDate: 1st May 2007
Data collection
Letters/coupons
Document
scanning
In store
Call Centre
Web
Data challenges88% know they have a data challenge
Dynamic Markets Research, November 2006
Your data strategy
Data capture
67% of organisations capture data across 3 or more channels
BUT
Only 38% in a standard way across all touchpoints
Data cleaning
27% of companies clean on a weekly basis
BUT
27% of companies clean their data annually or less
7% don’t bother
Data suppression
58% of companies claim to suppress their data
BUT
Only 20% do it more than once a year
31% annually
34% never
Doing nothing is not an option
Your data strategy
“We have calculated that QuickAddress Pro Web presents
us with the opportunity to generate £2 million a year of new
business income”
Paul Cassidy,
Head of Information Systems Development
Swinton Insurance
Current benefits for Swinton
Your data strategy
Database degradation
13%*
600,000*
1.3 million* total 14.5 million
320,000* total 3.3 million
14% per year
*Source: ONS
What is Suppression Data?
Goneaway (Royal Mail, Experian)
Change of Address (Royal Mail)
Deceased (Experian)
Do Not Contact/Preference (DMA)
“Suppression should
be viewed as an
essential part of data
quality assurance”
Sarah Burnett Senior Researcher Nov 2006
Portfield Financial Services
Data problems
Existing database – goneaways & duplicates
External data – formatting & goneaways
Budget wasted on mailings
Budget wasted on poor lists from external sources
Portfield Financial Services
"By removing gone-aways and deduplicating our records,
we are able to stop wasting money on contacting
individuals who won't respond and can have confidence in
our data…QuickAddress Batch also helps us to set up
SLAs around the data accuracy from our providers."Paula Davidson
Management Information Manager
Portfield Financial Services
Obvious costs
Customer satisfaction
Fines for non-compliance
Undelivered and returned mail
Campaign ROI
Hidden costs
Loss of customer loyalty
Data rework
Mail not returned - environmental impacts
Competitor market share
QAS and Comic Relief
"We need accurate data to fulfil our operational objectives of
maximising donor revenue. QuickAddress Batch from QAS
helps us do this. It is easy to use, throughput is quick and it
ultimately improves our data quality.”
Liz Curry
CRM Manager
Comic Relief
Problems before QAS
Returned mail
Wasted budget
Poor brand perception
Gift Aid
Strain on internal resource
Legal requirement
Valuable funds to organisation
Solution
Verify 3 million record database
Use regularly to maintain data
Profiling and segmentation
Launch of Campaign
Post Campaign
QuickAddress Batch
Calculating the costs: an example
Baseline Decrease returned mail by 1%
And increase response rate by 1%
Number of items mailing
3,000,000
3,000,000
3,000,000
Cost per item (design, print, mail) £ 0.15 £ 0.15 £ 0.15
Total cost per mailing £ 450,000 £ 450,000 £ 450,000
Average number of returns 3% 90,000 60,000 60,000
Multiply by 10 for those not returned 900,000 600,000 600,000
Total cost of return £ 135,000 £ 90,000 £ 90,000
Typical response rate 3% 90,000 90,000 120,000
Percentage who buy 20% 18,000 18,000 24,000
Average revenue per order £ 175.00 £ 175.00 £175.00
Total revenue £ 3,150,000 £ 3,150,000 £ 4,200,000
Revenue less waste £ 2,565,000 £ 2,610,000 £ 3,660,000
Incremental revenue £ 45,000 £ 1,095,000
Return on investment % 570% 580% 813%
Change your recipe for data quality
Visit stand E730
Visit www.qas.co.uk/mix
Call 0800 197 7920