Behavioral Genetics: Predicting Individual Differences Module 14.
Predicting the future using behavioral data to forecast action
-
Upload
borderless-access-panels -
Category
Business
-
view
859 -
download
0
Transcript of Predicting the future using behavioral data to forecast action
© 2016 Borderless Access 1
Predicting the future Using behavioral data to forecast action
© 2016 Borderless Access 2
A digital citizen’s life revolves around his gadgets
The activities a person does on his devices is varied & becoming exhaustive
There is tremendous competition for the share of attention on his device
© 2016 Borderless Access 3
Total time spent is 160 mins
All data is in mins / Via passive meter on mobile This data is a avg. of o e perso ’s o e day activity in:
Brazil
Mexico
South Africa
Turkey
Indonesia
India
© 2016 Borderless Access 4
18
11
9
8 6
5
5
5
3
3
2
2
2
2
2
1
19
22
30
12 5
28
5
One perso ’s a tivity on One device in One day
The behavior in emerging markets is no different
© 2016 Borderless Access 5
6AM – 12PM 6PM – 12AM 12PM – 6PM 12AM – 6AM
People behave differently at different times of
the day
© 2016 Borderless Access 6
Battle for Mindshare
The biggest battlefield is a
6 inches screen
Average no. of apps on a phone = 95
© 2016 Borderless Access 7
We Now Have a Shorter Attention
Span Than a Goldfish
No longer can we boast about 12
seconds of coherent thought
Source - U.S. Library of Medicine
Challenge = Attention, Reach and Loyality
© 2016 Borderless Access 8
Marketers
Researchers
Community managers
Attention
Reach
Loyalty
Predictions?
© 2016 Borderless Access 9
A Y2K is a very, very serious problem - we will have a situation scarier than the average disaster movie you might see on a Sunday night.
Charles Rosetti, Wall Street Journal(1998)
I'm convinced that before the year 2000 is over, the first child
will have been born on the moon
Werner Von Braun, The inventor of rocket
Predictions?
© 2016 Borderless Access 10
Computing power doubles every 18 months & the cost is halved
Moore's Law
There is a high likelihood of a hurricane this weekend, store
your supplies and stay indoors The weather channel
© 2016 Borderless Access 11
Predictions
Intuitive
Scientific
Despite the
prevalence of
technology,
modern campaigns
are largely
intuitive.
How effective were these campaigns ?
© 2016 Borderless Access 12
Eight Brands that spent
the most on Super Bowl
Total Spend USD 592.5
million
The Prediction Framework
© 2016 Borderless Access 13
What if you could predict the best time to push an advertising message to your potential customer?
What if you could predict the device and format that message should be customized for?
What if you could predict the engagement choke points of your digital consumer community?
How? Using a prediction framework driven by extensive data on a large group of Netizens with diverse behaviour
© 2016 Borderless Access 14
• When & what people are doing?
• Who is doing what?
• Facetime share of group differences
• Activity tracking on mobile, desktop,
tablets
• Attitude data
• Demographics
• Preferences
• Stated behavior
Behavioral Tracking Survey Data
The Solution A technology platform that captures & understands both behavioral & survey data
The Prediction Ecosystem
© 2016 Borderless Access 15
Pattern Learning Usage Metering
Adaptive
behavioral tracking
Machine learning
algorithms
Predictive campaign
intelligence
When, Where, What*
What did we observe When we applied the prediction framework to:
© 2016 Borderless Access 16
A multi-lingual
community of
200,000 consumers
With the
methodology (Active & Passive)
Across 6 countries - Brazil - South Africa
- Indonesia - Mexico
- Turkey - India
Across multiple
channels (Email, Mobile, Social media &
Online)
Response Time varies by device & time of the day
© 2016 Borderless Access 17
APP
Mobile
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
Online
12AM 1AM 2AM 3AM 4AM 5AM 6AM 7AM 8AM 9AM 10AM 11AM 12PM 1PM 2PM 3PM 4PM 5PM 6PM 7PM 8PM 9PM 10PM 11PM Hrs
12AM 1AM 2AM 3AM 4AM 5AM 6AM 7AM 8AM 9AM 10AM 11AM 12PM 1PM 2PM 3PM 4PM 5PM 6PM 7PM 8PM 9PM 10PM 11PM Hrs
And there are incredible regional patterns
© 2016 Borderless Access 18
APP
Mobile
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
Online
12AM 1AM 2AM 3AM 4AM 5AM 6AM 7AM 8AM 9AM 10AM 11AM 12PM 1PM 2PM 3PM 4PM 5PM 6PM 7PM 8PM 9PM 10PM 11PM Hrs
12AM 1AM 2AM 3AM 4AM 5AM 6AM 7AM 8AM 9AM 10AM 11AM 12PM 1PM 2PM 3PM 4PM 5PM 6PM 7PM 8PM 9PM 10PM 11PM Hrs
People take email surveys when they reach
work & mobile surveys when they leave work
Right Channel
© 2016 Borderless Access 19
Campaign X RR 16%
RR 22%
RR 31%
Campaign X
Campaign X
We sent the first campaign to people on email gave a RR of 16%
RR 20%
RR 25%
RR 38%
When the same campaign is sent to people on mobile app we get a RR of 22% By doing behavioral segmentation and sending the campaign to the preferred
channel we get a RR of 31%
RR 16%
RR 31%
By sending the message to the right channel we see an increase of 100% in RR
at an overall campaign level
Right Time
RR 38%
By combining behavioral data for channel & time we seen an overall increase of
140%+ in RR at an overall campaign level
Impact of Predictive Intelligence on Lifespan
Activity
Level
High
Moderate
Low
Lifespan
71%
Increase in Panelist lifespan
Joins
Community
1st Redemption 2nd Redemption Drop Off
Moderate Choke Point
Critical Choke Point
Joins
Community
Invited to
Download App
Social Activation
campaign
1st Redemption Intervention via
engagement campaign
2nd Redemption Intervention via
engagement campaign
3rd Redemption Drop Off
Moderate Choke Point
Critical Choke Point
Smartsight predicts the engagement choke points. Community manager uses
this information to intervene at the right time on the right channel , thus
improving the member lifespan value
Productivity
Tripot Hotels.com
Radio Media Player
Dominos Amazon
Games
Radio TV
Customizing loyalty rewards based on behavioral data
© 2016 Borderless Access 21
e-commerce Paid Apps Travel Entertainment Food Apps
LOW Medium High
Games Productivity Sports Radio Tripot Hotels.com McDonalds
Amazon Alibaba Target Tripot Hotels.com Expedia Dominos PizzaHut McDonalds
Ga
m
es
Pr
od
uct
ivit
y
Sports
Radio Media Player
Amazon
Games
McDonalds Tripot Hotels.com
Radio Media Player
Games Productivity Sports
Heavy user of Amazon and paid gaming apps
Suggested incentive -ecommerce coupons and app
store credits
Heavy user of travel and paid food apps
Suggested incentive - Food coupons or hotel vouchers
Heavy user of Sports apps and entertainment
Suggested incentive - Tickets & app store credits
Customizing loyalty rewards as per usage patterns
resulted in 41% increase in engagement rate
Optimizing Ad Spends - Boost ROI by using behavioural patterns in regions
© 2016 Borderless Access 22
South Korea India
Mexico
Nigeria
Australia
South Korea India Mexico Nigeria Australia
We're social
High penetration of
feature phones , SMS
is widely used
Take surveys @work Heavy online gamers We’re o ile
Social media
recruitment
campaigns
Recruitment via SMS
Send recruitment
emails during working
hours
Incentives gaming
points
Recruitment via
mobile ads
55% acquisition via
social media
Approx. 1000
registrations per day
via SMS
35% increase in open
rate
40% increase in
engagement
64% of registrations
via mobile Result
Acquisition insight
Behaviour
By using behavioral patterns in regions we
experienced a 30% increase in traffic & 16%
decrease in acquisition cost
Lifespan
0
*
After Before Change
Overall Impact
© 2016 Borderless Access
Engagement
Index
0
*
60
71%
38 27
41%
35
Engagement
Cost
0
USD
6
-57%
14
* Derived value
Takeaways
© 2016 Borderless Access 24
Capturing attention – in
the right way - is a key
challenge for anyone in
business these days
Tracking behaviour in this
unique way means you
know exactly the right
time and medium to
capture attention
With this predictive
capability you increase
your success
Moving forward, you can
shape peoples intention
by prompting them
before something
happens
© 2016 Borderless Access 25
Near Future
New
Mail!
Jon liked
your
photo!
Time for a
Ben & Jerry
Ice cream
Time for
a sports
drink
© 2016 Borderless Access 26
Contact-Us
UK LONDON
Tel : +44 771 840 3458
CALIFORNIA
Tel : +1 818 358 4633
USA
BANGALORE
Tel : +91 804 931 3800
India Connect with us
www.borderlessaccess.com
DUBAI
Tel : +97 150 137 3145
GERMANY
Tel : +49 (0) 176 650
94033
UAE
GERMANY
SINGAPORE
Tel : +91 804 931 3800
SINGAPORE