Archive

Archive for May, 2009

Arlinda Sipilä
Arlinda 

Xtract to deliver opening talk at Mobile Web 2.0 Summit

Helsinki, Finland and London, England — 29 May 2009 – Xtract co-founder Jouko Ahvenainen will deliver the opening speech at London’s Mobile Web 2.0 Summit on 3rd June, at the Jumeirah Carlton Tower in Knightsbridge. In his presentation, titled “Mobile 2.0 Business – how to fund and monetise the new ecosystem,” Jouko will discuss how mobile and web operators can make money from social media and the 2.0 revolution, while steering clear of strategies that don’t work such as contextual advertising on social media platforms.

Jouko’s presentation will discuss:
- Delivering advertising over ‘hot’ media that users get involved with, including Wikipedia and Facebook, versus ‘cold’ media such as one-way broadcasting
- Social networkingis about people, not content. Social sites are places to make connections with others, and advertisers must understand the people behind the networks to best leverage the opportunities they provide
- The ‘active’ footprints that users leave behind in social media and how they can be analysed for improved, more individually relevant, marketing and advertising
- 2.0 monetisation and the sometimes-competing goal of maintaining user privacy

About Mobile Web 2.0 Summit
Speakers from companies including Xtract, Orange, Microsoft, Admob, Flirtomatic, Symbian and Telefonica will help lead the two-day conference, focusing on monetising the next generation of the mobile web, via a roundtable format.

About Xtract
Xtract (www.xtract.com) refines social interaction, behaviour and demographic data to create accurate 3D user profiles. These profiles for the first time utilise data as a dynamic tool in the day-to-day marketing for effective and intelligent targeting of campaigns and advertising. Xtract’s Social Links is an automated, self-learning solution capable of analysing billions of mobile transactions with easy to use and actionable tools for operators to define accurate target groups for their marketing campaigns.

Press contact
Emily McDaid
Hatch PR
emily(at)hatch-pr.com

Date
Thursday, May 28th, 2009

Tags

Blog, Events, News, Xtract

Arlinda Sipilä
Arlinda 

Can customer 2.0 be a loyal customer?

I run into an interesting website the other day. It’s called “My Parents Just Joined Facebook”. The site is edited by Jeanne and Erika who love their parents dearly (their words). I laughed while reading the cuts of conversations between the young kids and their parents over Facebook. If I were a mother of a teenage kid I would for sure visit this site often hoping to find new conversations and opinions every time I visited it. But, I do have other good reasons. As a marketer, I want to understand the new generation of “digital born”. I often ask myself the question: Do I get them?

Jeanne and Erika are good examples of the customer 2.0. Born digital, the customer 2.0 can be very different from what we’re used with. Why? Because, in most of the cases, we are simply just not well prepared to start a dialog with them. Customer 2.0 is asking us to make their experience with our brand fun, social and engaging. They are asking us to participate in a conversation with them. They can and do express their opinions about our brand freely and with as sophisticated tools as we do. This way, contributing in building our brand’s image. So, ready or not, we have jumped on the same boat with our customers and started a dialog.

Holding their attention
Here comes the next question: If we’ve handled the dialog part well and they use our services today, does that mean they will use them tomorrow? Holding the attention of the customer 2.0 means we need to hold the attention of their friends and community too.

We must learn more about communities and try understand how social networks work. Take churn in telecoms as an example. It has been shown that churn is highly viral. The churn behaviour within one’s community affects the individual’s churn decision. Combining information about social networks with the more traditional information about customers such as demographics and behavioural data in churn prediction can maximise the total number of saved customers through loyalty campaigns.

“Can customer 2.0 be a loyal customer” is also the topic of Sari Aapola’s speech at the 9th Customer Retention Forum on June 23rd in Singapore.

Further resources about social network analytics and solutions can also be found at our website: www.xtract.com.


Jouko Ahvenainen
Co-founder
Jouko 

Social communications vs. social networking

Panel in Social Meets Mobile

I was in the Social Meets Mobile event in San Francisco in the last week. The discussion included many interesting topics how social networking is coming to mobile. More than 50% of MySpace traffic should come from mobile in a couple of years. One interesting topic is also, what is social communications vs. social networking.

Social Networking is now associated strongly to certain type of services like Facebook. But social communications is basically all methods to be in touch with other people. And it is must more than social networking. This is actually something Xtract has emphasized long time, when we have made social network analytics e.g. from mobile communications. And now we can say that a person use at least calls, SMS, Facebook, LinkedIn, Twitter, and IM to her/his daily communications. How to manage all that communications, how to keep relevant contacts, how to find/filter when you get too much, etc.

There is a huge need to manage all this better. Many firms develop tools for web, but e.g. mobile device companies sees that they have important opportunity here, because a mobile device can be the home of important part of the communications. And a kind of meta trend is that internet is coming more a conversation platform than a stable home page platform. That puts pressure also to players like Google that has been the tool to navigate in the jungle, but now we go to a new kind of jungle. I believe strongly that social network awareness come a mandaory component to help users in this new jungle, but also to help marketers and advertsisers to find right people and send relevant messages.


Xtract
admin 

Xtract launches industry’s first social intelligence solution as a service

Social Links On-Demand gives mobile operators 39 per cent faster payback time

Helsinki, Finland and London, England — 20 May 2009 – From today, Xtract will offer its flagship social intelligence product, Social Links, as a service, while the software licensing model still remains fully supported. Called Social Links On-Demand, it enables mobile operators to cash in on the social networking phenomenon for targeted, viral marketing on a pay-as-you-go service model.

The On-Demand model means minimum upfront investment and no operational hassle. Xtract estimates that Social Links On-Demand is 74 per cent faster to set up than traditional in-house implementations and offers 39 per cent faster payback time.

Julien Theys, mobile industry analyst at Screen Digest, said: “Efficient analysis is key to leveraging the power of social networks and eventually monetising them through relevant content and advertising. An on-demand solution can provide access to social network intelligence that is light, flexible and financially less cumbersome than traditional software licenses. It is therefore ideally suited for operators who prefer not to invest heavily in in-house analytics and database marketing solutions and resources, especially in the current economic climate.”

Social Links On-Demand combines software, hardware, implementation, customer support, operations and maintenance in a bundled service, hosted by Xtract. This means operators don’t need to invest upfront in software licenses or hardware platforms. Social Links On-Demand is delivered via a service level agreement that best suits each operator’s business needs, e.g. dependent on the number of subscribers served, amount of data or level of security required. All data is processed anonymously and customer transaction results are processed in a way that complies with data security and privacy regulations.

Business users such as marketing and campaign managers are provided with a secure browser-based graphical user interface which they use to: view social intelligence dashboard reports and graphs; create Social Links analytics runs; define campaign targeting; configure and export target lists; and, view their community dynamics.

About Xtract Social Links
Social Links is the first commercial software that uses social network analytics to enable companies to leverage social intelligence in marketing. Social Links utilises anonymised subscriber transaction data to generate customer insight based on social intelligence, predict the behaviour of subscribers (e.g. for churn management and product up-sell/cross-sell) and to understand the network of influence between subscribers. Social Links is based on advanced analytics that dig deep into the granular communication patterns between subscribers to draw highly accurate profiles and targeting. Social Links has won several industry awards for being successfully deployed by top-tier mobile operators worldwide.

Social Links offers benefits for mobile operators’ marketers, campaign designers, product managers, analysts and CRM managers. The information provided is used in highly accurate targeting, and gaining customer insight for campaign and product planning. Social Links also supports subscriber lifetime valuation and campaign design.

About Xtract
Xtract (www.xtract.com) refines social interaction, behaviour and demographic data to create accurate 3D user profiles. These profiles for the first time utilise data as a dynamic tool in the day-to-day marketing for effective and intelligent targeting of campaigns and advertising. Xtract’s Social Links is an automated, self-learning solution capable of analysing billions of mobile transactions with easy to use and actionable tools for operators to define accurate target groups for their marketing campaigns.

Date
Wednesday, May 20th, 2009

Tags

Press Releases

Arlinda Sipilä
Arlinda 

Customer Acquisition Alpha

An Alpha is similar to a champion or an influencer. Nevertheless, in addition to having high influence and links in the community, the Alpha also has high probability to buy some of your products, acquire more customers or churn away. So, there are different kinds of Alphas and today I want to tell you how we find the Acquisition Alphas.

For Customer Acquisition, we use highly advanced analytics software that can process billions of data points. This powerful software is highly accurate. We find exactly those subscribers that have the highest potential to recruit new ones from another network. We take into account their influence level and number of off-net (out of your network) friends.

The illustration shows subscribers that have high or low influence and that might have off-net friends. Xtract identifies that the subscriber with the green circle has off-net friends (the ones in yellow) as well as high recruiting influence. This means that she would be the best target for your member-get-member campaign.Illustration: Customer Acquisition

Finding the Alphas in your customer base is like finding gold in a goldmine. Remember! You need your Alphas and you need to treat them well.


Arlinda Sipilä
Arlinda 

Xtract adds new members to the management to lead sales, product management and services teams

Helsinki, Finland and London, England — 5 May 2009 - Xtract has announced that it recruited three new members to its management team. These new members form a critical part of Xtract’s drive towards global market leadership in social intelligence solutions and services.

Gerry Gross – Vice President, Global Sales
Gerry Gross brings 20 years of executive sales and marketing experience in ICT business sector. At Xtract, Gerry has complete revenue ownership and is responsible for building and managing the global sales and partnerships’ team. Prior to Xtract, Gerry championed the worldwide sales efforts at First Hop, prior to its acquisition by Airwide Solutions. He has also held executive management positions at Surfkitchen in London and Beenz in New York City and strategic sales positions at Sprint Corporation in the US.

Sari Aapola – Vice President, Product Management
Sari Aapola has been appointed VP of Product Management at Xtract, responsible for product strategy, product marketing and product lifecycle management. A seasoned executive in the ICT sector, Sari’s most recent roles were as VP of Marketing and Product Marketing at Basware and before that at Tecnomen. Both are public companies belonging to the group of Finnish success stories in international software product and services business. Sari’s most recent project has been authoring a book on ‘Sustainable Thought Leadership’ published by BookSurge.

Mikko-Pekka Bertling – Vice President, Services
Mikko-Pekka Bertling has been with Xtract for the past two years. In his new role he is responsible for Xtract’s Social Links On-Demand solution, professional services, training and consulting. He brings a long experience in pre-sales for Active Data Warehousing and Customer Relationship Management Solutions. Mikko-Pekka has also worked as a hardware and architecture advisor and has managed Professional services’ operations in Finland and the Baltics. Mikko-Pekka started his career at IBM where he served in product development, product management and sales roles. Later on, he held several senior positions at CMA Teradata. Prior to joining Xtract, Mikko-Pekka was ADWH and CRM solutions’ expert and pre-sales owner of loyalty factory solutions at CapGemini.

“These key appointments maintain our tradition of hiring only absolute top-level executives with unmatched professional experience and market insight,” said Timo Laaksonen, CEO. “Xtract works on social intelligence technology, solutions and services that bring immediate and tangible value to our customers. Furthermore, our solutions enable the development of completely new kinds of mobile and internet on-line services and customer engagement models that can revolutionise the way that companies serve their own customers – targeted, personalised, timely and proactively. This is a new market where one can succeed only with the right combination of experience, insight, leadership, drive and innovativeness. I believe that with the addition of Sari, Mikko-Pekka and Gerry we are ideally positioned to have what it takes to become the undisputed market leader in our focus business.”

About Xtract
Xtract refines social interaction, behaviour and demographic data to create accurate 3D user profiles. These profiles for the first time utilise data as a dynamic tool in the day-to-day marketing for effective and intelligent targeting of marketing campaigns and advertising. Xtract’s Social Links is an automated, self-learning solution capable of analysing billions of mobile transactions with easy to use and actionable tools for operators and online companies to define accurate target groups for their marketing campaigns. www.xtract.com

Date
Tuesday, May 5th, 2009

Tags

Press Releases, Uncategorized
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