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Marketing Darwinism - by Paul Dunay
Buzz Marketing, Content Marketing, Conversational Marketing, Digital Transformation, Interactive Marketing, Lead Generation, Lead Nurturing, Online Testing, Real Time Marketing

Interview with Srivats Srinivasan of Nayamode

I sat down with Srivats Srinivasan, an associate and entrepreneur. Srivats’ company, Nayamode, just acquired a Bay-Area agency called Bluewave. Interesting to see Seattle companies buying Bay Area outfits! I was particularly interested in this because of the role Marketing plays in Digital Transformation- this acquisition was based on Nayamode rounding out its Digital Transformation services.

Some excerpts from the chat …

Marketing Darwinism: Srivats, congratulations on both Nayamode’s success and the recent acquisition of Bluewave. Tell us more about your strategy.

SS: Thanks. We felt strongly that growth and evolution – really our journey to the next phase – required deepening elements of our skill-set as it pertains to the overall rubric of Digital Transformation. In this case, we were enamored with Bluewave’s deep design and visual storytelling track-record and understood that it was a key element in this next phase for us. The strong team and delightful customer base was a wonderful addition too!

Marketing Darwinism: You mentioned Digital Transformation. In your conception, what does it mean exactly?

SS: Yes, we understand that it is a term bandied about, almost in fact too much. In our view, Digital Transformation is about using technology judiciously and in context to create products, processes, and services that enhance and accelerate the best parts of the organization and keep the worst tendencies at bay. Digital Transformation is neither a one-size fits all “thing” nor is it an overnight turn. As with most fundamental shifts, there is a journey required and technology plays only so big a role.

Marketing Darwinism: Nayamode is one of those interesting stories insofar as you’ve grown without really marketing yourself in a broad sense. As Marketers, our readers would love to understand a bit more about your strategy here.

SS: You are no doubt generally correct but we are changing! At the outset, we grew through the sales process, leveraging our connections and experience in Marketing in large organizations, mostly in technology. As we grew, we certainly evolved, but were lucky in that our customers and we created deep partnerships in which as long as we continued to do great work and listen, we remained loyal to each other. Also, we had a bit of the “Cobbler’s Children” problem in which we paid so much attention externally that at times we neglected ourselves. That has changed however. In this phase, very much the most exciting phase in our history as a company, telling our story will be an integral part of the strategy. We are humbled to be included, for instance, in this blog.

Editor’s Note: While in some cases Marketing is an afterthought, we believe that Marketing firms can lead the process of Digital Transformation because of their keen view of the customer and their expertise in pivoting quickly based on business models and customer needs. This traverses the B to B and B to C spaces. We want to hear about other cases of M&A by Marketing companies looking to complete their Digital Transformation portfolios.

April 18, 2018by Paul Dunay
Advertising, Advocates, Artificial Intelligence, Blockchain, Branding, Cause Marketing, Conversion, Conversion Optimization, Customer Experience, Data Mining, Influencer, Innovation, Interactive Marketing, Internet, Lead Generation, Optimization, Reputation Management, Social Media, Strategy, Transformation, User Generated Content

7 Ways Blockchain can Transform Marketing

Here’s a great video of me and Aseem Badshah the CEO of Socedo, a social media lead generation tool, talking about 7 ways Blockchain can transform marketing! We hope you enjoy it …

January 26, 2018by Paul Dunay
Agile Marketing, Business Intelligence, Content Marketing, Conversational Marketing, Innovation, Interactive Marketing, Marketing, ROI, Social Media, Social Networking, Thought Leadership, Transformation

Are Marketers over indexing on ROI and the return of the Marketing Mix?

Two of my very good friends, Romi Mahajan of the KKM Group and Aseem Badshah of Socedo shot a video discussing our most recent blog post on the Return of the Marketing Mix. Ultimately, marketing is a mix of channels, tactics, and bets, of which some are measurable and some are not. It’s time for marketers to reclaim their role as engagers, risk-takers, and experimenters!!

January 16, 2018by Paul Dunay
Advertising, Applications, Commerce, Conversational Marketing, eCommerce, Interactive Marketing, Mobile, Social Customer Service

Chatbots: The future of conversational commerce and marketing

It’s no secret that the rise of computer apps is transforming both the marketing and customer experience. One of the most intriguing developments in app development is in the area of chatbots that not only can send communications to customers but also respond “intelligently” to conversations.

Recently, I had the pleasure of speaking with Christian Brucculeri, the CEO at mobile messaging company Snaps, a developer of chatbots and other marketing technology products for companies. Brucculeri explained some of the background of how chatbots came to be, as well as their usefulness as a marketing tool.

“Typically chatbots represent a conversational interface between a consumer and a machine,” Brucculeri said. “They’re applications that have linguistic structure. It might allow you to ask a question and try to find an answer. They enable one-to-one communication between brands and consumers at scale, and they leverage technology in order to do that.”

Certainly chatbots have close technological relatives we’re already used to, like Apple’s Siri, Google Home and Amazon Alexa. You might call automated phone systems—the kind people love to hate—as a chatbot’s second cousin. But so far these are far from able to use artificial intelligence to understand language, and respond appropriately.

And while the technology can be used for entertainment purposes—think Snapchat or Facebook Messenger, for example—its greatest impact is potentially coming in marketing, Brucculeri told me.

Creating conversations, not messaging

“We work with brands across several industry verticals, including tourism, hospitality, entertainment, media, CPG, retail, quick-serve restaurants and more,” he said. “For example one apparel brand delivers a 30-day workout experience using basic Facebook Messenger. For some hospitality brands, they’re trying to manage their ongoing relationship with consumers and help them manage their rewards accounts.”

In many ways, this sounds similar to most apps we’re used to. So, what makes chatbots a different kind of app?

“Where chatbots get really interesting is in personalizing media and responses,” Brucculeri suggested. “Here, you can really do one-to-one marketing at scale.” Brucculeri said Snaps has developed such chatbots for sports teams, where a fan might receive notices of games, results and highlight videos. In the stadium, a chatbot might help a fan find restrooms and snack counters, based on physical location.

Brucculeri said Snaps is developing chatbots that function on a variety of existing platforms. Facebook Messenger, which launched a chatbot in 2016, may be most appropriate in accessing consumers, he said, but there’s also Kik, WeChat, Slack and many others, each of which may be experience-specific.

Chatbots also can be connected to customer relationship management platforms, such as Salesforce, to deliver notifications at the right time to the right person, Brucculeri said.

“We do CRM integration and user matching to log in and do account management,” he said. The result might enable companies to find new customers, engage with existing customers in a fun way, getting customers to take some form of action, or managing the relationship in other ways.

Improving the customer experience

Customer service, driven by artificial intelligence, also can be aided powerfully by such matching, Brucculeri said. Instead of hitting a bunch of digits to get routed to the right person, the artificial intelligence capabilities of chatbots—the two-way ability to listen and respond appropriately—can improve this experience immensely.

“A chatbot can do this in ways that are more convenient, simple, fast, and better for the customer and probably less expensive for the customer-service function,” he said.

The future of chatbots is an intriguing one, as technology evolves and as the bots themselves get “smarter” and more humanlike in their analyses and responses.

“We’re long on the idea that conversational interfaces will continue to evolve. Whether consumers are texting with or talking to them, automated systems like bots are almost certainly going to have a role in our future lives” Brucculeri said. “We see conversational media becoming the next wave and being potentially bigger than application media itself. I think in three years, people might be talking to bots more than they’re typing in bots.

“But the main idea remains the same,” he said. “Might I one day launch a chatbot on Alexa, Amazon’s voice control system? How about getting some type of visual element to go along with that, such as HoloLens, Microsoft’s holographic headset? Can these things become really rich experiences, far better than just staring at our phones and typing?

“I think some of the form factors are going to change, but I think the fundamental elements are going to be the same, which is conversational commerce. People increasingly will be talking to their computers, and they’re going to get a lot done by doing it.”

December 14, 2016by Paul Dunay
Conversational Marketing, Online Advertising, Podcast, Web 2.0

Want more sales? Give sales something to talk about. A podcast with Lois Kelly of Foghound

Go to Portland, Oregon, and you’ll find everyone there talking about Voodoo Doughnut. They talk about the caffeinated doughnut. The chocolate-glazed chocolate doughnut rolled in Cocoa Puffs cereal. Or the voodoo-doll-shaped doughnut that bleeds raspberry filling when impaled with a pretzel pin.

Then there’s Innocent. The UK company launched a campaign called “Supergran,” in which English grannies knit little woolly hats for its seasonal winter smoothies (so the bottles don’t catch a cold).

I’m not talking a couple of grannies, either. Because of the demand for the hats (and the smoothies), Innocent lined up enough grannies to knit 230,000 of them in 2006. Even better, it donated a portion of sales revenues, 50 pence per hat-wearing smoothie, £115,000 ($225,000) total, to Age Concern, a charity dedicated to keeping older people warm in the winter.

And you never thought a bottle of juice could be a conversation piece.

The point is that people talk about the exceptions or the unexpected. In B2B technology, either services or products, it’s a little hard to wrap your technologists in woolly hats or roll them in Cocoa Puffs. So we asked the expert, Lois Kelly, for her opinion on how to give your sales team more tools to create conversations. So for some tips, check out our podcast …

Want more sales? Give sales something to talk about. A podcast with Lois Kelly of Foghound

About Lois

Lois Kelly is the founder of Foghound, a communications consulting firm that helps companies more easily talk about their business or products in interesting ways. Clients have included Sun Microsystems, FedEx, and others. Previously, Lois was senior vice president of The Weber Group, one of the largest PR firms in the world. Her articles have appeared in USA Today, The Wall Street Journal, Brand Week, Advertising Age and other publications. Don’t miss Lois’s new book: Beyond Buzz: The Next Generation of Word of Mouth Marketing

June 6, 2007by Paul Dunay
Buzz Marketing, Podcast

Going Beyond Buzz: A Podcast with Lois Kelly

Last summer a former colleague referred me to an article, “Marketing is a Conversation” written by David Maister and Lois Kelly. A few months later I found myself speaking at an event along with Lois, and I got to better understand her position on Buzz Marketing and how she views Web 2.0.

Her view is that the old marketing model is dead, and conversational marketing is king. She has a unique point of view on how to listen to customers, identify what is important to them, and uncover ideas that resonate and spark conversation.

Lois just published a book titled Beyond Buzz: The Next Generation of Word of Mouth Marketing, and I was lucky enough to get an advance copy (blogging does have its perks). Her goal was to publish a book filled with insightful examples of conversational marketing at work, and I think she achieved that!

I caught up with Lois last week to discuss her new book and what it means to my Buzz Marketing readers. Please give a listen to our podcast, the first in a series I’m planning to conduct with thought leaders in the Web 2.0 space. I hope you enjoy it.

Going Beyond Buzz: A Podcast with Lois Kelly

About Lois

Lois Kelly is the founder of Foghound, a communications consulting firm that helps companies more easily talk about their business or products in interesting ways. Clients have included Sun Microsystems, FedEx, and others. Previously, she was senior vice president of The Weber Group, one of the largest PR firms in the world. Her articles have appeared in USA Today, The Wall Street Journal, Brand Week, Advertising Age and other publications.

March 17, 2007by Paul Dunay

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Welcome to my blog, my name is Paul Dunay and I lead Red Hat's Financial Services Marketing team Globally, I am also a Certified Professional Coach, Author and Award-Winning B2B Marketing Expert. Any views expressed are my own.

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