A Conversation with Srivats Srinivasan

I recently had the opportunity to catch up with Srivats Srinivasan, a really interesting guy and Research Access contributor who runs a digital agency called Nayamode. Srivats filled me in on his Event Mobilizer app, which provides conference attendees the opportunity to give real-time feedback and provides them in-the-moment information. He also gave insight into running a creative technology shop in this day and age.

Dana Stanley: Thanks for taking some time to chat.

Event Mobilizer Feedback Screen

Event Mobilizer Feedback Screen

Srivats Srinivasan: Absolutely. My pleasure.

Dana Stanley: Your latest solution is something called Event Mobilizer. This is really cool; can you tell our readers a bit about it?

Srivats Srinivasan: Sure. The idea is that traditionally, people have gone to events, anything from a corporate event, whether it’s for their internal sales force or just a marketing event, or it could be an event for their partners or their customers. Or think of events which are on the lines of large trade shows, whether it’s a Consumer Electronics Show or something else, which are organized at these convention centers and basically get thousands of attendees over several days.

If you think what the experience has been traditionally, it can be overwhelming, in terms of the amount of stuff there is, and the amount of stuff there is to see, the number of booths you need to go to, the number of sessions you’d like to attend. And that information, while it’s always available on your laptop, as in on their browser, it’s not easily accessible when people are actually at the event. And traditionally, organizers have handed out paper schedules, paper feedback forms, and so on and so forth, which honestly, in this day and age, are little bit outdated.

This is where our Event Mobilizer app comes in. It’s a cloud-based, hosted solution that is platform independent. So basically, it’ll run just as well across iPhone and Android and Windows Phone and BlackBerry without any download, without any installation. And provides some really, much needed and compelling features for the users.

And those features are everything from the basic, ‘What’s the schedule,’ to how do I provide feedback, whether it’s on this booth, or on this session, et cetera, to I need a virtual concierge to answer questions, to a networking module which allows people to basically opt-in for networking.

Event Mobilizer

Event Mobilizer

Our approach is that we offer a little bit of an a la carte kind of approach to our customers on this. As in, “There are a dozen different things you could do here. Which are the things that you actually want to offer?” And they also get the ability to offer a very customized UI and UX for their users, so that it’s very specific to them. And they can actually make it their own.

So that’s something that, like I said, has been already deployed and is now getting deployed for several other customers. And we’re getting a lot of interest in it from, literally, places all around the world.

Dana Stanley: And for the conference or Event Organizer, I suspect there’s some kind of analytics they can tap into during the event.

Srivats Srinivasan: Absolutely. So the beauty of this is partly because it’s completely cloud-based. So everything is real time, everything is always up to date. And that includes all of the numbers and reporting that we can do. And the reporting is everything from how many people are accessing this, to what kind of feedback are we getting on this, to what kind of information are people looking for the most, or where are people come from, where are they going to, et cetera.  So there’s a whole bunch of rich reporting that’s made available through a pretty rich admin back end that we provide that the organizers can get access to in real time.

Dana Stanley: So, for people who may not quite be familiar with Nayamode, could you give an overview of what you guys do?

Srivats Srinivasan

Nayamode CEO Srivats Srinivasan

Srivats Srinivasan: Sure thing. Nayamode is an integrated digital marketing firm based out of the Seattle area. And we’ve been in business since late 2005 and currently work with several Fortune 500 companies, such as Microsoft, Wipro, Conde Nast, amongst others. But we also work with several much smaller firms, start-ups and similar, that are in the Bay area or other parts of the country.

When I say integrated digital marketing, our focus is on how do we combine rich, creative work with smart technology solutions. Because if you think about it, traditionally, people have turned to firms for one or the other. And I believe that in today’s world, you actually should not have to choose. And you need somebody who can bring all of those competencies under one roof. And that’s exactly what Nayamode does.

To give you a sense of the services that it covers, it ranges from core content and collateral for our customers that can be both offline and online, extends of course to how do you take those and create an online presence for them, via regular dot com websites or internet portals for our customer companies, to one of our fastest-growing areas, which is in the mobile arena, which is, how do you actually extend our customers’ campaigns into mobile devices, whether they be smartphones or tablets, et cetera.

And then finally, because of our technology strengths, we often come up with custom solutions for specific problems that off-the-shelf solutions would not work.

Dana Stanley: That’s all very interesting and very current. How do you balance the technology and the artistic or creative side of what you do?

Srivats Srinivasan: That’s a great question. There’s a couple of different ways in which we do this. The part that I did not mention earlier is that I think of us as a truly global firm, in that we have our headquarters here in the Seattle area, but we also have our development arm offshore in India. And one of the interesting things about how we bring our solutions to bear is that the marketing or creative side of our solutions are delivered from our Seattle offices, whereas our development is done largely out of our India offices.

Now, this is not this is not really so much a cost play as much as asking where can we go to really find the maximum efficiencies in terms of the right resources, as well as how can we optimize for literally a 27 by 7 kind of operation. So to answer your question, how do we find the right balance, I think we find the balance in terms of where we find the people to perform those functions. And we do not bring, say, the creative side or the technology side in a gratuitous form to our customers’ problems. Our approach is very much on the lines of, let’s understand what your situation is, what is the problem you’re trying to solve, and what’s the optimal solution for this.

And sometimes, it’s going to be largely a creative solution, and oftentimes it’s going to be largely a very technology-oriented solution. And that’s how we allocate our time and effort and resources to that particular problem.

Dana Stanley:  You’re truly operating in the new way of doing business, which is having people distributed, and sourcing people where people are that have different skills. And it must be an interesting challenge to get the best of everyone and yet have account managers and the like who understand two quite different disciplines, creative ad and campaign creation and technology.

NayamodeSrivats Srinivasan: You’re absolutely right. And this is something that, honestly, we’ve taken a few years to really fine tune and hone. Because what we do today and how we do it is certainly different from how we were doing it, say, three or five years ago. And that’s not a surprise, because there’s obviously a learning curve involved, and there’s really an understand of how do you maximize both the productivity and efficiency in how we’re doing things.

And I think the best testament to how we’re doing is the fact that our customer base is continually growing and most of our business comes from referrals. And I often joke that our best sales people are our customers, because they’re the ones who actually do the most for us.

Dana Stanley: That’s so neat that you have been reinventing and evolving how you do business. And it’s very fitting, given the name of your company.

Srivats Srinivasan: Thank you. Yes. In fact, people often ask me ‘what does Nayamode mean?’ And I tell them, that there’re are a couple of different meanings. One is Naya in Hindi means new, and mode is just a way of doing things. So I tell our customers, when you work with us it’s a new mode of doing things, not necessarily something that you will be exposed to, but that’s how we are delivering, that’s how our execution model is based on.

But Nayamode also means a new turn in Hindi. And it was a new turn my life when I started the company after spending several years in corporate America.

Dana Stanley: Excellent. What are some examples of challenges that clients have when they turn to you for solutions? What are the pains that they’re experiencing or the opportunities that they see before them?

Srivats Srinivasan: Let me take a few different examples to illustrate that. I think the classic example would be, you’re either a new company or you have a new product or a new campaign that you’re trying to launch and you need an agency that can actually literally hold your hand through that process.

And that’s where we come in, literally from starting up front with consulting on, thinking through what problems we’re trying to solve, and what’s the best means to actually go and solve that problem, to figuring out what the execution plan needs to be. And then that plan will often be a combination of creative and technology pieces. And then actually executing that.

So as an example when we work for some of our customers over at Microsoft, who use us for their product or campaign launches, we’ll come in early in the process, help define what the plan is, help identify what the various options are by way of solutions, and then those could translate into a whole bunch of core collateral and content that we create for them.

It would translate into a whole bunch of digital assets that we create for them, assets such as everything from online properties to web banners and so on, to actually creating the online presence for them, whether it be a dot com site or a SharePoint site or another CMS, extending it to mobile devices, which is becoming more and more a requirement these days. And then doing the last couple of things, which are driving traffic to their site through search optimization or search marketing, obviously, driving the right analytics and reporting for their campaign, and then in certain cases also integrating social media aspects to their efforts. So that, hopefully, gives you a sense for the prototypical example of what we do.

Now, we’ll often also come in to solve a specific point problem that our customers may have. For example, they may be in the middle of a campaign, but a piece of it isn’t working well, or their website isn’t doing anything for them and they need somebody to come in and really change how that’s working. And that’s something we might do.

Or another example would be, just recently we’ve been working with the Windows Server team at Microsoft and helping create all the core content and collateral for them for their upcoming Windows Server 8 launch. So the point is, we can do either pieces or all aspects of a product, program, or campaign launch for our customers.

Dana Stanley: Interesting. As a Research Access contributor, you know quite well that our readers tend to be focused on marketing research and, more broadly, analytics and data. How do you incorporate analytics and data and reporting and customer insight into your services?

Srivats Srinivasan: One of the fundamental principles that I’ve always believed in, even when I was in the client side several years ago, whether it was at Microsoft or Coca-Cola or Johnson & Johnson when I was running large marketing campaigns or other programs was, you’ve got to be able to measure it. Because if you cannot measure it, you really don’t know what your money’s doing for you, or whether your efforts are really being successful.

So if you start with that premise and then you figure out, OK, what are the aspects that I want to measure– And that’s going to vary depending on what kind of a campaign or program you’re trying to run. Everything from whether it’s visits or satisfaction or downloads or what have you. I think that’s really a function of what problem you’re trying to solve.

And then thinking very clearly upfront about, OK, these are the problems I’m trying to solve, and this is how I’ll know whether I’ve got toward or closer to my solution. Then have some very clear idea around, what will indicate to me whether I’m successful or not, and how do I measure that.

Now, the thing that I love about digital marketing today compared with– and I’m going to date myself a little bit here– the marketing that many of us were doing back in the early ’90s, is how much more measurable things are right now. And the ability to be able to track down to the user level, the ability to be able to get granular information on whether it’s feedback from your audience or what have you on whether they like the product, whether they’re going to recommended it, so on and so forth. That is just invaluable.

So to me, it’s really about identifying what goal you have, identifying how you’re going to measure success, making sure you’re instrumenting for the right measurement, and then, whether it’s using an off-the-shelf solution such as a Webtrends or Google Analytics or whatever, or in several of our cases where we’re actually instrumenting custom analytics for our customers. So as an example, the Digital Asset Manager is a custom solution that we deploy for several of our [INAUDIBLE]. And most of the analytics on those are actually custom built by us, because there’s specific requirements people have in solutions are very different from what would get measured by the standard analytic solutions.

Dana Stanley: Interesting. And how does mobile come into play in all this?

Srivats Srinivasan: Well, I would say you’ve got to be living under a rock to not see that mobile is becoming more and more an integral part of any digital marketing effort. And the interesting part of mobile is, a lot of people know they’ve got to do mobile, but they’re not sure what to do. And they’re not sure how they’re actually going to measure success.

And the space is evolving so fast, both in terms of users, in terms of platforms, in terms of solutions, that honestly most marketers that we know are stymied by just the rapid pace of innovation, and trying to figure out, what do I need to do? I know I need to do something, but what do I need to do?

So our efforts on the mobile front actually began in a couple of different ways. And one of them was our partnership with the Microsoft Tag team. If you’re not aware of what that is, Microsoft Tag is a proprietary version of 2D barcodes with several features that we believe are actually superior to the regular QR codes. But the point is, we were an early partner of the Microsoft Tag team, and they worked with us to actually develop a whole bunch of solutions that we could bring deploy for our common customers.

It began there, but if you really think about it, whether it’s Microsoft Tag or QR code, those are great technologies. But at the end of the day, they are triggers or means to an end. And by that what I mean is they’re a means to get people to be able to get to your mobile site or to have that mobile experience.

And that is of where we’ve evolved to right now, which is over the last year or so, we’ve been specializing more in creating those actual mobile experiences, creating a lot of technology and solutions that live on the back end, often in the cloud, that power those mobile solutions, and really enrich them and provide their end user a much more engaging experience.

So at this point, we’re largely agnostic whether our customers want to use a Tag or QR codes. And our focus is much more on, OK, now that you know you want to get your people to a mobile site, and you have the means to do that, let’s figure out what are we going to do with them. How are we going to engage them? Are we educate them? Are we going to inform them?

Are we going to entertain them? Are we going to gamify the experience? Are going to have sweeps and contests? Or are we just going to provide information that’s very time-sensitive, it’s very contextual, it’s very location-based? The idea being, find people where they are, when they are, and give them exactly what they need at that point.

And keep it simple. Because the other challenge that a lot of people run into when they’re trying to do something on mobile, is to over-complicate things, because they want to try to fit the regular desktop paradigm into the mobile space. And clearly, that doesn’t work. So you’ve got to really think through what’s the bare minimum that I need to be able to provide this person with so that it’s something that will engage them and get them hooked.

Dana Stanley: So help me understand the experience. Where would somebody encounter a tag or a QR code? And then what would happen when they scan it?

Srivats Srinivasan: Great question. I’ll give you a couple of examples which have been actually super successful in our context. And the first one is a campaign that we’ve been running for Conde Nast, specifically in several of their magazine properties, such Allure. And this is a contest that is triggered when people, readers, are going through a copy of the magazine and they see a reference to this contest. And they were asked to participate by way of Microsoft Tag in the pages. And when they see that and they read that, people effectively scan the tag, they’re taken to a mobile site where they’re entered into a mode sweeps. And then a few different steps later on, you have people who either win or come back.

And the campaign has been super successful. They’ve got about half a million scans in less than a month in one of the months that we did it. And it’s been repeated pretty much every year since then, because of its overwhelming success. The back end is reasonably complex, but I don’t need to bore you with the details. But that’s one example of where people would find a tag and how they would engage, and what the payoff is, and how successful it can be. In fact, I believe it’s the single most successful such campaign anywhere.

Another example of where people would find these tags and how they would engage would be another campaign that we’ve been doing for the Compass Group, a hospitality services company. Specifically in some of their cafeteria promotions. So an example is what we’ve done in their Microsoft Cafeteria business, where people scan a tag and they get one of several outcomes.

They can choose to get information on what are the menu choices today. They can get an instant coupon to redeem at one of the cashiers for a couple of dollars off for their mean or the coffee or whatever. They can enroll in a scavenger hunt. They can take part in a March madness contest, which was, obviously, relevant in March, and so on and so forth. Again very, very successful. It’s been now running for about a couple of years and continues to get great feedback.

One of the things we did with that more recently was to actually use tags to get feedback from customers in real time on what they thought of the food. And that was actually very well received as well and got a lot of traction, both with users as well as with the cafeterias.

Other examples would be, literally, I think most of your readers would have seen QR codes and tags. They’ve become so ubiquitous now, whether it’s at a retail or outdoors or in a magazine. They’re pretty much everywhere now, and the usage is growing exponentially out here.

Dana Stanley: Well, thank you so much for telling us about Nayamode and about Event Mobilizer. And I look forward to working with you on Research Access in the near future.

Srivats Srinivasan: It has been my pleasure, Dana. Thank you so much.

An Interview with Snapdeal CEO Kunal Bahl

Kunal Bahl

I recently had the honor and the pleasure of interviewing Kunal Bahl, the CEO of Snapdeal.com, perhaps the hottest c-commerce company in India.  If you are not familiar with the Indian e-commerce market, I recommend this recent article from Forbes magazine, “Startup India Flips Out over E-Commerce,” which mentions Snapdeal prominently.  We touched on a wide range of subjects, and of course, I asked him about how he uses data in his business.

Dana Stanley:  For those readers who may not be familiar, please tell me about your company.

Kunal Bahl:  Snapdeal.com is one of the fastest growing e-commerce companies in India. Launched in February 2010, the company is the largest online marketplace for Products and Services, featuring a wide range of products and services across an array of categories from thousands of national, international and regional brands. The company is 1000+ people strong and is the largest e-retailer of local merchant deals, watches, sunglasses, jewellery, perfumes, personal care, among other categories, delivering to 5000+ cities and towns in India. 1 out of every 7 internet users in India is subscribed on Snapdeal, and the company is adding over a million new subscribers per month.

Dana Stanley:  That’s amazing.  How is SnapDeal different from and how is it similar to companies like Groupon and LivingSocial?

Kunal Bahl:  Snapdeal.com started as a local deals site, featuring businesses across categories like Dining, Health & Beauty, Entertainment among others. Various innovations like part payment model, eliminating minimum buyer cap for a deal to go live, mobile vouchers etc. were introduced to customize the platform for Indian audience. Over the course of last 2 years, Snapdeal also introduced Products in addition to the services deals, and has emerged as the largest market place for brands and businesses in India.

The powerful model of local merchant offers along with physical product e-commerce is something which is very unique to Snapdeal.com and it gives the opportunity to provide wider variety of choice to the customers. Through the use of smart recommendation engines, we also cross sell services deals with products which is a very powerful combination.  This controlled Products and Services marketplace model, keeps the business lean and also enables rapid expansion of assortment while delivering a great customer experience, given the higher relevance due to greater choice.

SnapDeal LogoDana Stanley:  What are the challenges and rewards of operating an e-commerce business in India?

Kunal Bahl:  Challenges are predominantly in the area of building infrastructure to deliver a superior customer experience. Right from reliable payment gateways to efficient supply chain partners, there is a lot of scope for improvement. More and more customers will start transacting online, as and when these challenges are addressed.

With respect to the rewards, there is a huge potential for the growth of e-commerce in India. Compared to 35% internet transactor penetration out of all Internet users in China, the number is just 5% in India. Also, in spite of accounting for 17% of the world population, only 4% of the Internet users account from India. Given, that innovative models like Snapdeal, within the e-commerce space can scale very fast, it is a great opportunity. In addition to the numerous brands, there are more than 17 million Small and Medium enterprises, providing goods and services to the end consumers, only in the Offline space. E-Commerce as a platform can bridge the gap between these businesses and end consumers.

Dana Stanley:  In what ways does data guide your business?

Kunal Bahl:  We use technology and strong analytics to drive pretty much every decision in the company. Using analytics, we are able to build and optimize strong recommendation engines that learn and suggest what users want next. We use world class technology and data driven tools to monitor and improve various spends and performance of Marketing, Customer care, Sales force operations and a host of backend operations like Supply chain management and Website performance.

Dana Stanley:  How do you see the e-commerce market in India evolving?

Kunal Bahl:  The internet industry is currently one of the fastest growing sectors in India and has huge potential given that, there is a rapid increase in not only internet penetration but also people who have access to credit cards, and disposable income to spend online.
Out of the 100 million Internet users currently, a minute percentage buys goods and services online. Within the next 2-3 years, a significant chunk of this audience will transact online. There is a lot of scope in enabling e-commerce through Mobile as well, given the numbers are significantly higher for the same.

Dana Stanley: What’s next for you and for SnapDeal?

Kunal Bahl:  We will continue to grow our footprint across India. In addition to geographic expansion, Snapdeal will continue to increase the assortment of products across various categories. Our objective is to build a robust platform which will be the biggest marketplace for products and services. Brands and Small and Medium enterprises alike, who have products and services, targeted towards end users, will be able to reach out to a very targeted audience through our platform. For consumers, it will be a great platform for discovery of goods and services not only within the city, but across the country.

A Discussion of Text Analytics with Michael Tupanjanin

Michael TupanjaninWhat follows is the next in a series of interviews I conducted at the Net Promoter Conference in San Francisco last month.  If you missed my video interview with Dr. Ming Duong-van, you’re going to want to click over for a listen to his fascinating interview.  Still to come is an interview with Satmetrix CEO Richard Owen.  This interview is with Michael Tupanjanin, the CEO of Metavana.  The interview was conducted in the morning on the day Metavana and Satmetrix announced a partnership to create a social Net Promoter Score called the SparkScore.

Dana Stanley: We’re here at the Net Promoter Conference at San Francisco with Michael Tupanjanin, CEO of Metavana, as well as the company’s CMO, Romi Mahajan.

Michael, why don’t you go ahead and tell people who aren’t familiar with Metavana a little bit about your company.

Michael Tupanjanin: Sure, so Metavana was started about three and a half years ago by a guy named Ming Duong-van.  Dr. Ming is very well known in the academic circles primarily as a physicist. He was actually the co-founder of chaos theory. And he’s spent a lot of time studying the text analytics market and has, I think, done some incredible breakthroughs, scientific breakthroughs, specifically the algorithms that he’s written for Metavana that really take a look at text, specifically in the social web, and really uncover the true meaning and opinions that people have on the social web.

Dana Stanley: So when you’re talking about the social web and text, give me a practical sense of what type of data your software’s analyzing.

Michael Tupanjanin:  Well, I think just about every piece of text as far as I know is unstructured on the social web, which can be incredibly chaotic. So if you think about the correlation of people that have studied chaos theory and the clusters of galaxies, you’re actually able to apply that scientific principle to the social web, where the conversations are unstructured, the sentence and the grammatical structures are completely wacky, and the content itself is very unstructured. Being able to actually get meaning out of the second structures is a very difficult thing to do.

Dana Stanley:  What are some examples of how folks are using the Metavana technology to gain insights?

Michael Tupanjanin: We have a couple customers, like Marriott, they have a customer service group that spends a lot of time looking at the social web analyzing things like the basic things, what was your stay like at our hotel? Were the beds OK? Were the towels OK? Was the room service OK? And they’re always analyzing those pieces of information to see how they could improve their service.

We have another company that’s using our technology for smartphones. So right now, the smartphone market is incredibly competitive. We have a clear leader in iPhone, and they’re trying to figure out what their competitive advantage is. What kind of things can they put into their product to make them better? They’re also looking at customer service issues.

Dana Stanley: What do you say to people who throw out the idea that not all sentiment is on the web, that the people who participate in the web, that’s just a segment of all that sentiment that people need to pay attention to.

Michael Tupanjanin: That’s a good question. I’m a neophyte in market research. But here’s my impression. Market research is actually somewhat limited in terms of the sample size, right? You send out a survey to a bunch of people, but the sample size of the social web’s a lot larger than the sample size that you send out to people through your surveys themselves. And I think there’s also a predisposition amongst people that actually are willing to fill out a survey, as opposed to people that are just expressing their opinions on the web where it’s a little less stilted, and you actually probably get more meaningful information back.

Romi Mahajan: Dana, can I just pop in on that?

Dana Stanley: Absolutely.

Romi Mahajan: I think it’s a very prescient questions about how big, how complete is your set, right? And clearly, the social web is not everything, but there are 845 million people on Facebook. There are 250 million, bordering on now 270 million tweets a day. And each of these expresses something. Now, not all of them express sentiment, but a lot do. I think where normal, canonical market research needs to grow and evolve is in the notion of active data collection versus passive data collection, where what people are expressing on the social web is– they’re expressing it while in the context, their natural context.

They’re not being prompted. And so you get a different set of data, right? You get maybe a more natural set, a more authentic set, but a different set. In reality, when you put these two sets together, you get the truth. But the fact that structured data is easier to come by and unstructured data is harder to decipher, that’s what gives a company like Metavana room to maneuver.

Dana Stanley: Where do you think companies are in terms of their approach to this? Are companies diving into sentiment analysis? Are they wary? How would you assess that?

Michael Tupanjanin: I think that the market, in general, is incredibly interested. And I’ll take it to a higher level called text analytics as opposed to sentiment analysis.

Dana Stanley: Sure.

Michael Tupanjanin: I think the market’s incredibly confused. I think the market’s incredibly chaotic right now. There are lots of solutions that are available in the market. And I think a lot of the solutions are incredibly complex to actually do implementations to. So traditionally, a lot of those sentiment analysis or text analytics seem to reside with the knowledge management people inside major companies. And I think there’s a huge opportunity to actually now take it out to the masses, to the functional leaders, the sales leaders, the marketing leaders, the product management leaders, the research leaders, where they really haven’t had access to this kind of technology before.

I think there’s a lot of latent demand for it, but there’s also a confusion because I think so many different companies are approaching it in so many different ways. And I think traditionally the accuracy levels have not been that great. So I think there’s a little bit of skepticism, too.

Dana Stanley: So help me understand Metavana’s unique approach.

Michael Tupanjanin: So without getting into a long, scientific explanation – what it all comes down to is the algorithms that you write and how accurate they are and the principles that you apply. Traditionally, there’s been two approaches to what we’ll call text analytics. There’s been the natural language processing approach and then the more machine-learning approach.

The natural language processing, tends to be a very highly curated approach, like almost a lot of human intervention actually looking at grammatical structures and trying to develop taxonomies to be able to pull out the meaning, versus the statistical approach, which is much more automated and based specifically on algorithms themselves. Traditionally, people have felt that the statistical approach is less accurate, that the natural languaging process approach is more accurate.

However, the natural languaging approach tends to be not scalable because you have to spend a lot of time going through taxonomies versus having a more statistical approach, which is much more scalable. We tend to be more towards the statistical end, but the algorithms that we have written have taken accuracy to a whole new level, up to over 95%.

Romi Mahajan: Dana, it’s a great question. I think Michael answered it correctly on the scientific side. When we think about our business in general, right, we think about three core principles around why we think we’re unique. One is clearly accuracy, right? So whereas the industry is offering scarcely better than a coin toss accuracy, we’re offering one standard deviation away from perfect, so 95%, 96%. The second is what we call accessibility. We don’t believe that customer satisfaction understanding the social web should be sequestered or siloed someplace in the CSAT division of a company. It’s really for everyone.

So we’re building a system that allows any one in the corporation to be able to take– to interpret the social web. Accessibility is the next thing, true enterprise scale. And the third thing is scalability. We believe that our business model is going to offer the ability for anyone, regardless of price point, regardless of degree to which they believe in the social web or not, to access the social web. So those three principles we think make us unique.

Dana Stanley: That’s great. One thing that stood out, you mentioned the accuracy level. I’m just curious, how do you measure accuracy, or how do you self-evaluate as your algorithms presumably evolve?

Michael Tupanjanin: Yeah, we actually have to do it the old fashioned way. We literally will take– we recently did about 3,000 quotes that we actually rated, and we sat down with a bunch of high school kids and actually had them go through sentence by sentence by sentence and see, how would you score this sentence? And how did the machine score the sentence?

Dana Stanley: So you’re basically giving them homework?

Michael Tupanjanin: Absolutely.  There is no other way to do it because you can either do it some kind of automated way, which again, people question whether or not that’s the right way to do it.

Romi Mahajan: The thing is, once you go through the high school exercise, then the system learns on its own. But you have to go through the initial validation period to make sure that if someone leaves Starbucks and says, man, that Americana was awesome, that somebody’s verifying that that’s a positive comment.

Dana Stanley: Yeah, and how do you account for evolving language, and Urban Dictionary entries, and the fluid nature of language?

Michael Tupanjanin: Yeah, so the way the process is set up, we actually– one of our unique things is that we actually do things on a domain by domain basis. So we, for example, we’ll start with smartphones as a category. We’ll start with printers as a category, hotels, or airlines. And each of those domains has their own specific language in them. And one of the things that we do is the engine goes out actually crawls and trains itself on the language of that particular domain. So that’s one of the reasons that we get such high accuracy rates.

But the reality, as you said, is that language continues to evolve. And new words of slang appear all the time. So we found that we have to at least have the engine retrain itself every quarter. And it’s not a manual process. It’s literally simply going out and crawling the same data sources and doing almost like a QA process on the data sources for about a week, and then it’s updated itself on the slang. What it also does is it updates itself on categories. So what the engine does when it goes out and crawls, versus having a taxonomy that’s kind of predetermined, it actually will develop its own taxonomy based on organically what seems to be the right category.

So, for example, we crawled the airline industry, and lo and behold, the categories that came up were seating, crew, entertainment, waiting lines at the airport, baggage handling, all the things you would suspect. But at some point, there could be other categories that emerge.  For example, security, gate security, and stuff like that seems to be starting to percolate on the social web could become a category, too. So that’s part of the engine’s updating process.

Dana Stanley:  Do you sometimes get into arcane industries where maybe the client would have particular language that your incorporating as you go along?

Michael Tupanjanin: Some industries are more difficult than others. We’ve actually looked at, for example, one of our customers is a coffee machine manufacturer. And that’s a fairly simple, straightforward thing versus pharmaceuticals, where you start to get into some pretty arcane language around drugs and therapies, and that’s a lot more difficult. So I don’t know if we have all the answers for you. We’re looking at– pharmaceuticals, I think, will be a little bit of a tougher industry for us.

Dana Stanley: Interesting. And is it just English at this point?

Michael Tupanjanin: English, yes. We’ve done, now, tests in both Chinese and French. And interestingly enough, it’s taken about a day.

Dana Stanley: Wow.

Michael Tupanjanin: Yeah.

Dana Stanley: It took me longer than that to learn French.

Michael Tupanjanin: Well, what’s interesting about the technology, it’s not based on grammatical structure. It just needs to have a translation of all the words themselves, and then it can go out and train itself. So again, it’s a little bit different approach.

Dana Stanley: Interesting. So I have to ask, we’re here at the Net Promoter Conference, and by the time this interview is out, your release will have hit the wires. So tell me about this exciting initiative that you have going with Satmetrix.

Michael Tupanjanin: Well, from our perspective, it’s amazing on a couple of different levels. First, Satmetrix is clearly the leader in Net Promoter. They wrote the book on it. And they have established a very clear set of activities and workflows for people to actually improve their net Promoter Scores. So they are the methodological geniuses and also the workflow geniuses for helping companies improve their Net Promoter Score. And they’ve tied that directly to revenues, which is also a really, really good thing.

I think, from our perspective, being able to provide people a Net Promoter Score like a stock ticker, real-time, is huge. The old model has been you get your survey results back. You work on them and see how you improve over the next quarter. Now, you have an opportunity to actually see how you’re improving every 10 minutes if you need to, which is a huge breakthrough. And this is not an easy thing to do or replicate. From our perspective as a text analytics company, the fact that we have such high accuracy rates and the fact that our machine is flexible enough to actually take somebody else’s methodology and apply that to the social web is huge. There are very few people who can actually do that.

So from our perspective, it’s great. It also makes the information a lot more actionable. One of the things that I think the industry suffers from is that people sit there and say, yes, this sentence is positive. This is negative. Baggage handling was poor in this airport. What are we going to do? Who’s going to get that information, and what are they going to do with it? Being able to tie that to some kind of a standardized score for a company, I think, is a really big deal.

Romi Mahajan: So Dana, in about 45 minutes from this interview, but of course before this interview is published, there’ll be a piece of press on the wire around what we christened the SparkScore, which is a social NPS gauge. And it’s taking the notion of NPS, which is an industry-proven powerful methodology for loyalty and profit driving and completing the picture. The panorama is now complete. It used to be about structured, episodic, survey-based loyalty. And now it’s about the constant here-and-now social web loyalty. So we believe it’s a huge breakthrough for the industry, and Metavana’s very happy to power the SparkScore with, of course, Satmetrix, being the methodology and software provider.

Dana Stanley: So if I’m a customer who’s accustomed to using a Net Promoter Score, what will change for me?

Romi Mahajan: So I think your world gets better, slightly more complex but better, because we’re not saying don’t do normal Net Promoter. There’s a certain value in getting episodic structured data, longitudinally and otherwise. There’s also a certain value in understanding what’s being said anyway, unprompted, every day, 24/7, 365 worldwide. And so when you munge the two, you actually look at your business 360 degrees, as opposed to just seeing one fraction of not only the expression but also the ways in which customers express how they feel.

Dana Stanley:  That’s great, very exciting. So for the traditional, for lack of a better word, market research community, what should they take from this announcement?

Romi Mahajan: Let me break it into two categories. One’s smaller, and one’s bigger. So if the market research people who are familiar with, espouse, or follow NPS, clearly this is going to be a breakthrough, because it’s taking a very proven, powerful methodology and making it 21st century. It’s NPS 2.0. So for the NPS followers, it’s huge.

For the non-NPS followers, we’re all familiar enough with market research to know that it’s grappling with the abundance of data and the abundance of content and the burgeoning importance of the social web. And this allows them to start getting data and data feeds from the social web to use in anything, predictive analytics, reports, analysis of any sort. And so we believe that market research is an incredibly important part of the organization and of the industry.

But we also believe that it’s extremely limited by the technology. And now, we’re opening new business for them. So it’s about reinventing the industry and reinventing ourselves as market researchers.

Dana Stanley: Great. And if people want to learn more about the SparkScore, what should they do?

There’s a couple different things they can do if they’d like to learn more about the SparkScore. One is they can go to metavana.com. Then for second, go to satmetrix.com. Those are the best places to learn about the SparkScore. We will very shortly we will very shortly have a website called spark-score.com, very shortly, so not yet, in which people can play around with this and enter stuff in, and see what their score is.

Michael Tupanjanin: It’s interesting because it almost becomes, in a way, like the Klout score for companies, right? So we’re actually going to be posting a website that actually lists out, front and center, what people’s SparkScore is.

Dana Stanley: Interesting.

Michael Tupanjanin:  So anybody has access to it, whether it’s the companies themselves, customers, they’ll be able to go in, look at their Spark Score. We’re starting by rolling out five industries right now. But we think it’ll actually be very much like a corporate Klout score.

Romi Mahajan: Dana, under your tutelage, one day we hope that Research Access has an sNPS ticker running across it, so every company can come up and say, how are we doing?

Dana Stanley: So almost like a stock ticker concept?

Michael Tupanjanin: It is absolutely a stock ticker concept.

Dana Stanley: Very cool. Well, Michael, Romi, thank you for your time today.

Michael Tupanjanin: Appreciate it.

Romi Mahajan: Dana, our pleasure.

Was Steve Jobs a Genius about Market Research?

SteveJobsbyWalterIsaacson

When Apple founder Steve Jobs died a few months ago, there was an unprecedented reaction to the death of a business leader.

In the week or so after his death, there was a huge amount of online conversation about Jobs, much of it in the form of tributes and an outpouring of sentiment.

I personally felt sadness at his passing, and I discussed his life and legacy with a number of friends and family members.

I was interested to learn more about the man and his accomplishments, so I just read Walter Isaacson’s fascinating Jobs biography.

One thing that really hit home for me when reading the biography was Jobs’ attitude about market research.  It can be described as nothing short of disdain.

From page 170 of the Isaacson biography:

“On the day he unveiled the Macintosh, a reporter from Popular Science asked Jobs what type of market research he had done.  Jobs responded by scoffing, “Did Alexander Graham Bell do any market research before he invented the telephone?”

Here are a few other Jobs quotes from over the years about market research:

“Mr. Jobs’s own research and intuition, not focus groups, were his guide. When asked what market research went into the iPad, Mr. Jobs replied: ‘None. It’s not the consumers’ job to know what they want.’”

“It’s hard for [consumers] to tell you what they want when they’ve never seen anything remotely like it. Take desktop video editing. I never got one request from someone who wanted to edit movies on his computer. Yet now that people see it, they say, ‘Oh my God, that’s great!’”

I find this all a bit baffling.  The last time I checked, Apple had a market research department.

Don’t get me wrong; I read Blink.  I can appreciate the power of intuition.

But something tells me there’s been a ton of good market research done over the years at Apple. Maybe people just didn’t bring it to Jobs’ attention.

As much as I admire Jobs’ abilities as a business leader, I have to say he was wrong about market research. He was prone to making extreme statements, and this is probably just one of many examples.

It sounds to me like Jobs was referring to market research in its worst, poorly constructed and uncreative form. Bad market research is definitely a waste and a distraction.

But market research done well – and creatively – is invaluable.

What do you think about Steve Jobs’ statements about market research?  Was he right? Was there a grain of truth to what he said? Or was he totally wrong.  Share your point of view in the comments section.

Meet Quizlet: Social and Gamified Studying

QuizletMy son, who started high school in September, is “enjoying” a rite of passage this week; he’s taking his first set of mid-terms.

Come to find out, flashcards as a study tool may soon go the way of the Sony Walkman.

Enter Quizlet.

My son had a huge list of vocabulary words to learn.  He logged on to Quizlet, and one of his Facebook friends had already created a quiz where the vocabulary words fly across the screen, inviting the user to race to type the definition as quickly as possible.  With each round, the words got faster and faster.

I was convinced right away that this was a great way to learn – at least the type of learning that involves memorization.

Quizlet incorporates two elements into studying which make it more fun, and ultimately more effective.

These same two elements are on the cutting edge of market research as well.

Gamification:  Students can create a variety of games where the objective is to answer questions relating to their class material.

Social:  They can share the games they created with classmates and compete against them, and they can search for relevant games throughout the Quizlet site.

See for yourself.  Check out this demonstration video to see Quizlet in action.  As you watch the video, think about how some of these elements can enhance your next research project.

 

Cool is for Fools

The Burger King

The "Burger King"

[Editor's Note:  This post originally appeared on our sister site, Marketing Access]

I read recently that the creepy-assed “Burger King” mascot has been taken off his throne and sent to the rubbish bin. I was thrilled because I found the ads with that particular “being” crude and frankly, as a father of two young kids, scary. Further, I thought it was a bad piece of Marketing that too many otherwise sane folks extolled as creative and, well, “cool.”

Yep, there we go. Taking out the soapbox now – here goes:

Cool is a stupid word. Trying to be cool is a stupid aspiration.

Let me at this point say that I’m as guilty as everyone else in the sheer overuse of the word. In a funny way, the word is democratic- it’s used by everyone for everything but it unites grungy California ne’er do wells with titans of the tech industry. But that’s where it’s “coolness” ends.

If I wanted to give a benign and thoughtful criticism I’d say that the main problem with the word is that its meaning has been dulled to the point of nothingness by constant use. But that’s not really my point.

My point is that the desire to be cool makes people do silly (and at times bad) things.

Take what the desire to create cool work has done to Marketing.

It’s instructive to look at Burger King because they went the “cool” route. But for the past decade, their business has sucked while McDonald’s is kicking ass. The latter did simple things like, well, introduce coffee and salads. And they advertised them in, well, fairly normal ways. So while cool might have won Crispin, Porter, and Bogusky a ton of awards and got them a bunch of brainless small-dollar acolytes, it didn’t do much for the Whopper boys who, incidentally, pay their bills.

The desire to be cool makes you derivative and a follower. Cool is for charlatans without substance.

Do something real ladies and gentlemen. Please.

The Future of Market Research

Market Research TrendsAs anticipated, it was a fascinating and thought-provoking discussion yesterday in the Market Research Trends 2012 webinar.  There were over 40 people in attendance live, and there were many interesting questions submitted by the audience.

The discussion featured Lenny Murphy, editor of the GreenBook Blog, and Romi Mahajan, CMO of Metavana (Vivek Bhaskaran, CEO of Survey Analytics was not able to attend at the last minute).  The discussion was ably moderated by Ivana Taylor of DIY Marketers.

If  you weren’t able to make the webinar, here’s just a sampling of what you missed:

Gamification

Lenny said gamification is a challenge to the way market researchers currently think but that companies out the space are successfully employing game principles to their industries.   Romi said it’s possible to do gamification very well or very badly.  Using a sweepstakes as an incentive to participate in a survey panel is an example of gamification done poorly.

Consumerization

Romi described consumerization as the tail wagging the dog.  Instead of companies mandating how their employees or customers will behave, now the process has been inverted, and the customers hold the power.  Lenny said consumers increasingly own their own data and will choose with whom to share it and on what terms.

Network Intelligence

Lenny described network intelligence as an opportunity to make predictive sense of the zettabytes of data available today.  Romi added it is an opportunity to stop thinking of your limited network, for example, your company’s direct employees, and rather think about the networks to which they belong and how to start bringing that intelligence to bear.  He cited the involvement of 4 separate companies in the current webinar as a good example of leveraging network intelligence.

Social Monitoring

Romi described the geometric expansion in the amount of data available about brands, companies and individuals.  He painted the picture of a future where each of us has a brand equity ticker measuring the sentiment expressed about us on the web.  Lenny described social monitoring as a way to get to the great untapped pool of information proliferating online.

Panel Communities

Lenny described panel communities as the great compromise between the traditional online panel model and the highly interactive online community model. He described it as involving a greater investment on both sides – the research company and the consumer.  Romi urged looking at constant feedback instead of episodic interaction.

User Experience

Lenny said that since consumers have the power to choose where to go easily, a substandard user experience is no longer going to cut it.  He said that market research traditionally has not been designed with consumer experience in mind.  Romi underscored how easy it is for consumers to opt out and gave an example showing how user experience can be extremely powerful in either a negative or a positive way.

Mobile Sampling and Ethnography

Lenny indicated that the impact of mobile cannot be overstated and that emerging markets are leapfrogging the PC experience entirely.  He said the app model structurally builds in consumer consent to share and receive information.  Romi said the greatest power of mobile – more than convenience – is that is allows us contact with the consumer in situ.

Q&A

The question-and-answer session was the best part of the event.  Don’t miss it!


get-the-webinar-video-and-slides



Gamification – A new entrant….

Today, in about 30 mins BadgeFarm will be conducting a webinar to introduce BadgeFarm. I am really excited to oversee the launch of BadgeFarm – which has been under the wraps for quite a while.

If you are interested in Gamification and how is pertains to engagement, marketing and our everyday lives – you should check out the webinar.

[Editor's Note:  The webinar has concluded, but you can view a screencast video of the webinar by following this link.]

Presentation Link:

 

Black Friday Smartphone Showdown: Brick and Mortar vs. Online Retailers

SmartphonesEditor’s Note:  This post was originally published a few days before “Black Friday” on the Survey Swipe blog.

This “Black Friday” is shaping up to be the most contentious yet.  Some 152 million shoppers say they will hit stores on November 25, the day after U.S. Thanksgiving, up 10.1 percent from 138 million people last year, according to a survey by the National Retail Federation.

Online retailers have traditionally had the advantage when it comes to tracking consumer behavior and using new media to build customer loyalty.  But this year traditional retailers have a few new tricks up their sleeves.

Several large American retailers already embed market research software into their smartphone apps, and other have formed research panels that gather consumer data at the point of purchase.

Survey Swipe works with retailers to create a white-label market research solution that allows retailers to have their own research app or build research functionalities right into the retailer’s existing app.

According to recent Nielsen report smartphone usage is projected to hit a critical inflection point by the end of 2011.  Forward-thinking retailers see app-based solutions as an important part of their customer strategy.

“It is simply a fact that an app-based solution can gather data more efficiently, accurately, economically than any other technology”, said Survey Swipe founder Chandika Bhandari.  According to a recent study from comScore app usage by consumers outpaced browser usage for the first time in June of this year.

“With volume like this hitting stores, retailers who have a mobile customer feedback program in place will gain insights that will pay dividends for the upcoming holiday season and beyond.  Point of sales insights are a game changer.”  said John Nelson, Business Development Director for SurveySwipe.  “The ability of brick and mortar retailers to gain deep consumer insights will be a wake-up call to online retailers.”

Stay tuned, the stage is set for the most competitive Black Friday to date…

Ipsos Loyalty and Survey Analytics Strike Mobile Deal

Ipsos, Survey AnalyticsWe at Research Access are admittedly big fans of mobile market research.  That’s why we’re super-excited about the deal announced today between RA-sponsor Survey Analytics and Ipsos Loyalty.

To our knowledge, this is the first instance of a major global market research player putting all their cards on the table when it comes to mobile market research.  Sure, many have tinkered around the edges, but none have made such an emphatic statement as this.

Ken Peterson, COO of Ipsos Loyalty stated it thusly: “The introduction of the Ipsos Loyalty Mobile Network is another way Ipsos Loyalty is staying on the forefront of innovation.”

Survey Analytics CEO Vivek Bhaskaran had this to say about the deal.  ”Many of you know that we believe that smartphones represent a HUGE opportunity for research and many completely new and innovative models for insight and loyalty development with come out of this crucible. We are leading this effort with our SurveySwipe and SurveyPocket platforms – for the smartphones and tablets respectively.  We’ve partnered with IPSOS to join forces and bring smartphone based data-collection into mainstream research. IPSOS has a pedigree of exploring cutting edge technologies and using it as a differentiator for research.”

We have a feeling this will be far from the last such deal in this industry.

It will be interesting to see how things play out.  You can be sure we’ll give this and other mobile research deals plenty of coverage on Research Access.