by Angela Guess
A recent press release reports, “IBM today introduced new cognitive capabilities for IBM Watson Marketing Insights, a cloud-based offering that continuously examines customer behavior and learns how it may impact the success of the business. With these insights marketing teams can take action to launch targeted campaigns designed to turn all customers into brand loyalists who are helping drive business success. IBM Watson Marketing includes audience insights, a cognitive feature that reveals key predictors in customer data based on their interactions with the brand across channels including email, digital, social media and in-store, as well as customer attributes. This data is continuously updated, revealing new audience profiles and customer segments as the relative importance of their behavior predictors changes.”
The release goes on, “As a result, marketers get a line of sight into a customer’s potential response to a new campaign, based on previous behavior. For example, the cognitive capabilities may show that customers who consistently do not open email campaigns are most at risk of defecting than those who return products regularly. These insights are delivered to the marketer via a visual dashboard that includes details of the context and reasoning behind the findings. With this information marketers can proactively target campaigns designed specifically to engage this group with a relevant offer and retain their loyalty. By putting the power of cognitive into the hands of marketers, Watson Marketing Insights ensures that teams no longer need to settle for static segments that traditionally don’t take into account variables such as how customers have interacted with the brand over time. Marketers also don’t have to wait for a data scientist’s analysis since data they need is automatically presented and, since Watson continuously learns over time and updates customer segments automatically, they are working with the latest customer details.”
Read more at PR Newswire.
Photo credit: IBM