Posts Tagged ‘business’

Using Data Visualization For Customer Acquisition

BY ICON, POSTED 12, December 2009

The challenge of sorting through, and making sense out of increasingly massive amounts of data has given rise to new discussions about the value of data visualization. Often the emphasis is limited to the clever graphic illustration of information, and not focussed on achieving a real business objective.

In a commercial context, smart data visualizations are, of course, an excellent tool for guiding customers towards a product purchase. The ability for customers to sort through product decisions via visual guides, can be useful in providing an added intuitive level to searching for a product, verses, for example, a standard search field. Having eased the customers path towards the desired product, the transition from to the purchase process becomes much more natural.

For the University of St. Gallen, the leader in Executive Education in the Swiss-German market, traditional customer acquisition and sales relied on direct mailing course information to a known customer base. New customers, would have to find their way to the University, and then received individual advise on which course is appropriate, available, etc. In sum, a very clumsy, inefficient, low-tech approach. In a down economy, where large companies reduce investment in Executive Education, and individuals have less financial resources, the University felt pressured to improve on this recruitment process.

The trend in data visualizations tend to fall into two categories:

1. Graphic tools to help consumers understand data trends, process large pools of data, and find a relevant insight. Here is a recent, popular example of a NYC demographic map:

NYC_Dem_Map

2. Helping consumers sort, and find relationships between information from a variety of sources. Classic examples include News visualizations, such as the Digg Labs “Arc” or the MSNBC “Spectrs News Reader”:

tree2

For the University, who maintains a constantly changing database of over 350 courses for different target audiences, business areas, start dates, costs, etc., we wanted to make it (a) easier for a user to find the relevant information and (b) connect this process to a real sale.

We developed a visual tool to help potential “customers”, sort through the over 350 potential courses of study. Users can modify their search by defining themselves by either their current job position and industry, or their “desired” position and industry. Which allows them in a dynamic way to connect the education required to reach their professional objectives.

treemap

Most importantly, from a business perspective, the path to registration and customer acquisition is rapidly increased. Having found the ideal course, users can contact the admin directly, or simply apply online.
Treemap_Course

Swiss Business Federation: Education as Key to Economic Revival.

BY ICON, POSTED 24, November 2009

Follow-up to our recent post about the responsibility of Universities to create employable students.  Today, the Swiss Business Federation urged the Swiss government to renew its efforts to get the economy back on track by focussing on education.  The federation’s director, Pascal Gentinetta, stated that education has a critical role in economic growth, and that it was essential to work to increase competition among Universities, and focus on giving students marketable job skills.

You can read the whole article here: http://bit.ly/8j9ElW

Media moguls rethink web advertising in downturn.

BY ICON, POSTED 26, July 2009

Since the beginning of the downturn, we have been talking with our clients about the need to build more direct links between marketing efforts and measurable transactions. As advertising dollars grow ever more scarce, companies have been forced to rethink how they link their marketing investments to the bottom-line, reaching consumers and driving revenue. Reuters