Posts Tagged ‘Information Optimization’

The Union of Structured and Unstructured Data

Monday, August 15th, 2011

I had the distinct pleasure of speaking on a recent CXPA webinar “Gaining Customer Insights from Unstructured Data” along with CXPA co-founder and chair Bruce Temkin and Jason Schneider, vice president of enterprise sales at Clarabridge.  One thing that resonated was Jason’s comment that “the marriage of structured and unstructured data is the point of ultimate action for an organization.”

I would have to concur. The challenge many businesses face today though is that the information needed to support customers is scattered throughout the company.  Sales professionals, account management and customer support professionals have to log into 10 or more different applications trying to find information to help customers. According to Harris Interactive, even once information is found, 44% of customers claim that they received the wrong information. Added to this challenge is the phenomenal growth of unstructured data from internal blogs, content management systems, and customer survey responses as well as data captured outside the firewall from social media.

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Enabling the Right Customer Experience Strategy

Tuesday, June 28th, 2011

Staring at the departure monitor in JFK airport, I notice my flight has just been delayed another two hours. I am returning—well, trying to return—home after attending Forrester’s Customer Experience Forum held in Manhattan the past two days.  Overall, I enjoyed my time learning how organizations are changing their cultures and corporate missions to be more customer centric.  Despite appreciating the insight from the analysts and leading industry executives—I feel overwhelmed with mixed emotions as I sit in this excessively crowded airport terminal.
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Information Confidence and the Unknown Unknowns

Monday, April 25th, 2011

Those of you who read this blog regularly know that I often write about very specific business applications for Vivisimo’s Information Optimization (IO) technology.  It is good and fitting that I do this, because IO has such powerful, high-ROI applications across so many aspects of business—including customer care, market insight, regulatory compliance and legal discovery.

But while there is a lot of value in the specific applications of IO that improve business performance in concrete, quantifiable ways, it is also worthwhile to consider the broader implications of adopting IO.

Confidence is a key attribute of any company’s culture.  Salespeople have to be confident in the superiority of their company’s products and services.  Finance managers have to have confidence in their numbers.  And executives have to have confidence in their tactical and strategic decisions.

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Brain-Picking: A Best Practice For IO and Risk Mitigation

Monday, February 14th, 2011

Some people enjoy creating content.  They like to turn their ideas into blog entries, white papers and PowerPoints.  These people get a certain personal gratification from seeing their insights in print—and they understand how the promulgation of those ideas can benefit the company.

Other people are much more reticent about turning their knowledge into content. They may not feel comfortable writing, or they may want to control how and when their ideas are used.  Some also have a sense that they are surrendering something of personal value when they share their best ideas with others.

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“Please hold…”

Monday, January 31st, 2011

Ever wonder what’s happening on the other end of the line when a customer service representative puts you on hold? Is the “CSR” taking another call? Filing her nails? Asking the guy in the next cube the answer to your question? What about when you’re told “our computer system is slow today” or you can hear frantic typing in the background? Then there’s my all-time favorite, which is explaining your issue to several different people before getting assistance. Are these ways to punish you for calling 800 before thoroughly reading the manual or searching the support forum?

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Accelerating Time to Non-Discovery

Monday, January 24th, 2011

Things are always in the last place you look.  That’s because once you find them, you stop looking.

Conversely, the things you spend the most time looking for are things that aren’t there.  That’s because you don’t stop looking for them until your patience and/or hope are exhausted.

This is an important consideration when it comes to Information Optimization, because—as much as we may be inclined to think in ideal terms—sometimes the information we’re looking for doesn’t actually exist. It may exist in some form somewhere.  But it doesn’t exist in any document anywhere in the enterprise.  And, believe it or not, it may not even be readily accessible online.

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2011: The Year of Living Optimally

Saturday, January 1st, 2011

As the economy began the slow process of recovery in the latter half of 2010, uptake of Information Optimization (IO) skyrocketed.  And IO is gaining even greater market momentum as we enter 2011.  Here’s why:

1) We all have to do more with fewer people. While we would all like to do more hiring, we also have to exercise reasonable caution.  So everyone is holding off on staffing up.  As a result, we have to do what we can do make everyone more productive.  IO directly answers this need by making it easier for everyone to work smarter every day.

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Big Data: Big Challenge or Big Opportunity?

Monday, December 6th, 2010

Avanade recently released its 2010 report on “The Business Impact of Big Data.” Though this report comes from across the ocean—the UK—it mirrors the issues that we face in our own backyard.

According to the research, “one in three executives is regularly unable to find the right people who can provide the information they need when they need it.”  This is huge as business decisions are driven by information. Perhaps I should clarify that by saying intelligent business decisions.

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You are the Weakest Link

Monday, November 29th, 2010

A few years ago at one time or another in jest with our best British accent we mouthed the words “you are the weakest link!” However, looking at Oracle’s research on “The Fragmented Supply Chain” I see little reason to jest.  According to the study “fragmented supply chain information is costing British businesses up to £1.2 billion ($1.93 billion USD) in missed sales each year.” Nearly half [47%] of the supply chain executives surveyed said that poor information across their supply chain caused missed sales opportunities—weak link indeed.

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