J AY W I N G . C O M Almanac Joining the dots between individual online and offline customer journeys 1 J AY W I N G . C O M A L M A N AC P RO D U CT B RO C H U R E Then and now Meet Almanac The inability to join together data from different sources has long been a frustration for many marketers. Without the ability to identify online customers, we are missing out on a large pot of insight as we can’t connect activities across online and offline channels to create a single customer view. Almanac is an advanced marketing tool that enables you to identify online customers and track their interactions and journeys across channels. Stepping beyond the standard web reporting of products like Google Analytics, with the help of advanced marketing tools like Almanac, organisations are now able to unlock granular, individual-level insight to help them understand customer behaviour and to optimise marketing spend. By recording individuals’ website and app visits and linking this with the data from known contacts from your email and CRM systems, you can achieve a more comprehensive view of customer and prospect engagements. This rich new source of individual level data will help you to create a single customer view, improve the customer experience and improve marketing effectiveness With greater insight, you can answer questions like: • Which online and offline marketing activities drive interactions? • Which customers are highly engaged and high value? • Is there a point at which the customer journey falls down? • Identify individual customer and prospect journeys across devices and channels (going back as far as five years ago) • Highlight areas in the customer journey that could be improved (e.g. looking in to reasons for basket abandonment) • Link online interactions with offline engagements and CRM data to create a single and more comprehensive customer view • Deliver more personalised communications (e.g. tailored display ads) • Gain an individual level view of attribution • Understand where marketing spend is more effective (reducing or increasing spend in the channels that resonate and deliver most value) 2 • Improve reporting and general customer MI to inform the board • And can even help to predict customers’ next steps 3 J AY W I N G . C O M How does it work? A L M A N AC P RO D U CT B RO C H U R E Almanac to the rescue Meet Steve As soon as Almanac captures Steve’s data, it will start to track him. Steve is one of your customers. Along with the rest of your customers, Steve will find his own way to your brand. It could be through social media, an email, a banner ad, something in the press, on the TV… The list goes on. It would be easy to lose Steve in a crowd of people. A personalised experience, tailored to Steve’s individual journey, would make things better for him. But that can be a challenge when Steve is drowning in other people’s data. You’ll know when he visits your site. You’ll see what he’s searched for, how he’s interacted with your content, and what device he’s viewing it on. 2011 Follow this link to see how Almanac can improve Steve’s journey http://bit.ly/2jnHDXo 2016 You can even go back in time, seeing all of Steve’s interactions for the past five years. With this information in your armoury, you can tailor your marketing to suit Steve’s needs. Personalised messaging, displayed on the right channels, made to fit the right device. This makes things much better for Steve… and can make it better for all other customers too. And by focussing spend on the channels that matter to them, you can save money. 4 5 J AY W I N G . C O M Simple 5 step set-up A L M A N AC P RO D U CT B RO C H U R E How does Almanac power data-driven marketing? 1 . Get you set-up Create a single customer view (SCV) In less than 5 days and with no need for additional IT support, the Almanac script can be embedded on your website ready to capture insight straightaway. Create a more comprehensive SCV of individual customer activity, across channels: • You can include structured and unstructured data, and online and offline data together in one place • It is fully customisable to the data you are interested in 2 . Capture the data We recommend leaving the script running on your site for a few months. During this time period, we can capture an ample amount of data for analysis and can tweak the script to capture more data. 3 . Provide you with an insight report After a few months of capturing data, we analyse it and create a report based on our key findings. We often arrange a meeting to discuss these with you face-to-face. • You can include data from lots of different sources and systems, from contact centre interactions to Twitter data, layering up your customer history • Data can be collected and stored for up to five years (unlike some products that limit you to up to 30 days) - giving you a far richer relationship history to inform the content you serve and how well your marketing performs • Link together previously unknown and anonymous data to known profiles, by understanding the link between logon credentials (e.g. an email address) and the cookies generated on the customer’s devices Improve marketing effectiveness With a rich data history at an individual level you can manage your budget better by: 4 . Continue to provide you with data Almanac continues to run on your site capturing juicy new raw data. This is available for you to extract, append to your existing customer data and then analyse. • Allocating PPC and display budgets based on deep customer insight and the precise path to what resulted in a click - including which terms, and which ads had already been served • Test messaging to deliver better CRO through understanding the exact customer journey of clicks and miss-clicks • Build a granular picture of customer value through understanding how much you spend serving content to customers and which of these channels delivers revenue and profit 5 . Further support To help you unlock insight and value from your raw data, similar to with the insight report, you may wish to use our consultancy services. 6 • Understanding exactly which combination of marketing messages, timing and channels led to sales, vastly improving attribution modelling to allow you to optimise your budget and your strategy. The more data you add to Almanac, the more accurate you can be 7 J AY W I N G . C O M A L M A N AC P RO D U CT B RO C H U R E How does Almanac power data-driven marketing? (Cont’d) Case studies Improve the customer experience The benefits of Almanac are endless and will be unique to each organisation – whether it’s making more informed business decisions, allocating and optimising spend across the right channels or proving value internally to gain a greater presence at board level. Your marketing becomes a beautiful, elegant and well-oiled machine that delivers an exceptionally smooth customer experience: • For display advertising and retargeting, you can deliver personalised messaging or pricing, allowing you to provide a more relevant customer journey • For web content, you can create a considerably more personal online experience for returning visitors or existing customers by delivering ultra-targeted messages • In email, you can create messaging with pinpoint accuracy, timed according to the stage of the customer journey for that specific individual • For PPC, you can understand more about which search terms and ads worked, by tracking through to browsing and buying behaviour • And all of this is based on what you know at that exact point in time, including what they bought, what you sent yesterday or served 30 seconds ago See how your peers have benefited... Connecting online and offline customer journeys enabled leading retailer to save £000’s each month Then Now With an already strong brand and e-commerce presence, this leading retailer aimed to ensure its customers had a consistently good experience across online and offline channels, and it had a hunch that it could better optimise its marketing spend by uncovering some insight into its customers’ journeys. Using Almanac, it discovered some interesting insight that enabled it to better tailor communications and address causes for basket abandonment, whilst also highlighting where marketing spend can be better optimised. It also provided the retailer with new insight to re-focus targeting on genuine prospects and improve PPC strategies. How the right data helped major automotive group to drive customer action Then To deliver even better customer service, this leading car retailer wanted to take its understanding of customer behaviour to the next level. Now One standout example is where Almanac was able to identify financially stressed individuals 8 which the retailer could remove from PPC buying and retargeting – so it wasn’t encouraging individuals to put themselves under financial stress, whilst saving the high costs associated with test drives. With more layers of insight, it now has the opportunity to further improve the customer experience and drive efficiencies across the customer portfolio. 9 J AY W I N G . C O M A L M A N AC P RO D U CT B RO C H U R E How do I get started? About Jaywing Fancy a demo? Jaywing has a long-standing heritage in developing and delivering data-driven solutions across credit risk and marketing. Over the past 17 years, we have worked extensively within industry sectors that are data rich, data literate and we have gained a solid reputation for developing complex analytical and modelling approaches that underpin major investment decisions. Why not get in touch with us today and request a demo of Almanac to see how it could power your marketing. E: [email protected] T: 0333 370 6500 Bespoke consulting services Alongside our Almanac tool, we have a team of 70 data analysis and modelling experts that provide consultancy services to organisations needing more in-depth analysis and data management support. With a wealth of experience, we can help you join the dots by: Improving the customer experience: • Integrating the new data into predictive models • Building rules and running campaigns Improving the numbers: • Developing accurate attribution reporting • Integrating the data in to your existing reporting Improving the data: • Working with your IT team, we can help you to integrate Almanac data back in to existing warehouses/CRM systems • Providing data feeds of raw or summarised data • Building new data warehouses or marts To find out more about our consultancy services, please read some of our recent case studies on the following pages. 10 11 J AY W I N G . C O M A L M A N AC P RO D U CT B RO C H U R E Informa BI Jet2 Using data science to help Informa BI drive global value from customers and prospects. How personalisation can increase sales by 30% and more. Then Then When we started working with global business intelligence specialists Informa BI, their Business Intelligence (BI) division had an incomplete view of the success of their marketing campaigns, particularly the wider impact across influencers, rather than buyers in the targeted businesses. That’s why Informa BI were seeking partners to support the scoping and delivery of data analysis, cleansing and enhancement. Informa BI now have a much greater understanding of the buying habits of their customers, and where the value lies across the customer and prospect database, and this will ultimately help drive sales. They have a benchmark of activity and a roadmap to change the way products are marketed, and they have a clear and concise view of both the current customer base and the prospecting opportunity for each business area. Now We bought together over 38 million data records across three systems and four different business areas and combined this with over 400 million marketing data items to create an analytical dataset of 850 million events. We then analysed this data to identify the impact of marketing activity on product sales within targeted organisations over the last three years, for four of Informa BI’s business verticals. We then went on to create a customer profile and segmentation model for each business vertical and applied this to the marketing prospect base for future targeting, based on strategies developed by Informa’s marketing teams. “We needed to select a partner who had both existing tried-and-tested methodologies yet would also take an innovative and creative approach to the project. Jaywing were able to demonstrate their depth, breadth and expertise in data management and analysis, and their data specialist’s also fit well with Informa BI profitfocused and action-oriented corporate culture. Jaywing had the right combination of analytical rigor, and client-centred commercial knowledge and worked collaboratively with our internal team to create the best and most robust solution.” When we started working with friendly low fares airline, Jet2.com, in 2010, they only had operational ticketing systems. They wanted to increase their marketing and needed a single customer view. Quickly. Now So, in three months, we built a fully functioning marketing database. From this success, we were asked to help understand this newly available data and implement their first CRM programme. Which we did. In just 12 months. Now, through advanced data science, Jet2 understand what motivates each customer, how to use their previous buying behaviour to predict future preferences and how to make the most of the best buying windows when they are counting down to or returning from their trip. Jet2 can use this deep insight to make personal offers for destinations, hotels, activities and travel add-ons, with pinpoint accuracy. Right through to up-to-the-minute prices in emails at the point of opening. Our insight was even used to reshape Jet2’s inventory. All of which has increased cross and repeat sales across their portfolio and made a significant contribution to profit and the bottom line. With great passenger benefits, Jet2. com is growing into one of the UK’s best airlines, winning ‘Best Short Haul Airline’ at the Globe Travel Awards for the last three years. Catherine Pendleton, Head of Data Enablement, Informa BI 12 13 J AY W I N G . C O M A L M A N AC P RO D U CT B RO C H U R E Avios Swinton Insurance Delivering a better understanding of customer value through an innovative analytical approach. Understanding customer value and price dynamics to improve customer take-up. Then Then To ensure Avios' reward programmes remain sustainable, Avios need to be able to understand customers' collection and redemption behaviour over the long term. This hinges on developing a robust methodology to predict the 'Ultimate Redemption Rate' of Avios points for each customer account and the ability to process very large volumes of data to improve the accuracy of this, without sampling. Now We developed an innovative analytical approach to enable Avios to predict long-term distribution, redemption and expiration rates across customer points balances. The approach not only introduced a more intuitive way of allocating redemptions to awards, but also allowed discrete redemption and expiry profiles for a range of customer behavioural types to be determined. The analytical task involved large amounts of repetitive processing of over 15 million individual customer accounts and points data going back to 1991 - a data set of c.1.5 billion rows. So we used our unique secure, cloud-based big data environment. Not only did this enable the use of more complex analytical processes, examining customers individually rather than in aggregated groups, but it made processing of the data achievable within commercial timescales at 200 times faster than on a standard processing environment. The outcome for Avios is the ability to derive more meaningful business insights and make better decisions about awards and redemptions within their Avios Travel Rewards and British Airways Executive Club loyalty schemes but more importantly, accurate accounting for future redemption on the balance sheet as every redemption is a cost that impacts P&L. “When we met Jaywing for the first time, we were extremely impressed by the experience and quality of the analysts in the room and have continued to be so since. Jaywing has given us a platform that delivers more accurate forecasting and allows us to balance prudent financial management with investment and development opportunities that help us to continue to innovate our market-leading loyalty programme.” 14 The private car insurance market is heavily driven by price and the brands that achieve the best cut-through are increasingly the price aggregators. So how do insurance brands make sure they get the best market share of profitable business? It’s a tricky balancing act between insurance risk, competitive pricing and margin – undercutting the competition isn’t always possible. Now Through our predictive models and optimisation techniques, Swinton is now able to understand the impact that different prices have on key metrics such as the propensity to convert, the likelihood to pay monthly and the probability of purchasing addon products for each potential new customer or renewal. This now means that Swinton can offer the price that will generate the best possible outcome as well as driving the best income across all policies. What’s more, our optimisation techniques enable Swinton to vary pricing strategy to optimise income subject to any constraints in the business such as call centre capacity and weekly conversion targets. Both of which mean Swinton Insurance can generate more granular and profitable strategies. Having achieved some impressive results, they’ve made the case for applying more sophisticated pricing strategies, including price optimisation, to other areas of its business. “Jaywing brings an acute understanding of some complex maths to complement our internal team, enabling the use of pricing optimisation techniques that have had a fantastic effect on our business. We’re confident that our resources are used to best effect and our potential customers get just the right price for them. They’re a great team and have been an integral part of Swinton for many years.” Thomas Bradley, Head of Pricing, Swinton. 15 J AY W I N G . C O M jaywing.com [email protected] 0333 370 6500 Olly Sowden Sales Director M: +44 (0)7725 075 407 E: [email protected] Mitch Vidler Head of Digital Analysis M: +44 (0)7738 823 655 E: [email protected] 16
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