I love the concept of systems of engagement and systems of record. These systems of engagement have a need for a diverse range of information from traditional systems of record to new sources such as social media, machine data and enterprise content.
How does Big Data enable this shift?
The new era of computing is built on a foundation of big data, where:
- All data is harnessed for its full potential to power new insights, policies and actions across the organization – both internally and externally.
Analytics helps you understand and anticipate, giving you the conviction to act
- Descriptive data describes ‘who” the customer is and typically refers to information such as age, billing address, preferred contact method etc, and often use geo-demographic information as well
- Behavioral data describes what a customer has acquired and refers to the raw transactions that the customer executes including orders, payments, usage etc, and how they use products and services. This also includes Sensor data from instrumented devices and systems, for example, your cellphone.
- Interaction data describes “how” the customer interacts through all the touch points including email, chat and the notes from contact centers – this typically includes a high proportion of unstructured data (enterprise content)
- Attitudinal data describes how customers think and feel – gives insight into the “Why” (i.e. motivation) – social media is a rich source of attitudinal data along with other sources such as surveys
To turn the mass of global conversations in social media into Useable Insights can improve results in marketing, sales, customer care, product development, and more