Speak Slowly In Your Regular Voice

Happy Monday.

I just returned from a nice long weekend with my buddies out in West Texas, where we held our annual “South Austin Gun Camp.”

Don’t worry, nobody was hurt…well, save for that Easter Bunny pinata which made too compelling a target for our collective target practice to resist.

Speaking of targets, they were mostly old beer cans and paper zombies, but a good time was had by all and the weather mostly cooperated for our three day camp out.

I include in this post a pic of one of the shooting activities I semi excel at, which is skeet shooting (called “Olympic Skeet” in the Olympic games, the U.S. team for which I will not be selected for anytime soon).

Turbo takes out his pent up frustrations on some harmless clay pigeons in the wilds of West Texas, while also basking in his short-lived technological disconnectedness.

Today, however, it’s been email catchup and back to work.

Out in West Texas, I had limited access to any technology. My LG Cosmos II scantly picked up a Verizon signal, so every once in a while I would get a data dump so I could scan my personal email.

The lack of data connectivity made it a little difficult to keep up with the Sweet 16 results and the PGA event in Houston, but I was able to play catch up on those once back at Turboville late Sunday afternoon.

In the “While You Were Out” category, I noticed this story about Nuance Communications’ efforts to release “Voice Ads,” a “new mobile advertising format that lets people have a two-way conversation with brands.”

For the record, I’m a big Nuance (and voice dictation/speech recognition, more generally) fan, but the idea of my talking to a brand made me laugh out loud.

What happens when the brand can talk back to me?

“Hello, Budweiser. I’ll have one of you.”

“Could I see your ID, please?”

“Excuse me?”

“You asked for one of me. I’m Budweiser, an adult alcoholic beverage, and you must be 21 or older to speak with me, much less consume me. Could I see your ID, please?”

“Sorry, I left it at home.”

“I’m sorry, too.  You must be 21 or older to talk to this Budweiser.”

Upstart Business Journal has all the details, ‘splainin’ that Nuance has already signed up marketing partners like Digitas, OMD, and Leo Burnett to reach the approximate 100,000 app publishers out there in the world today.

And no question, mobile marketing is a huge market — I’m just not sure how many people are ready to talk to their brands.

If they are, it’s surely to help them get something useful done. I can easily envision this mobile app from JetBlue sometime soon:

“Why am I so late, JetBlue Voice?”

“Your plane was delayed.”

“Why was my plane delayed, JetBlue Voice? I need to get to New York. I have a meeting!”

“Could you please enter your confirmation number?”

“It’s in another part of my smartphone, and I can’t find it because I’m talking to you. Don’t you have voice recognition or something?”

“Perhaps you could call back another time when you have your confirmation number. Thank you for calling JetBlue’s advertising.”

No no, NOTHING could go wrong with mobile voice advertising!

Online Retailer LabelSneak Leverages IBM Smarter Commerce Technologies To Glean Mobile/Social Insights, Bolster Sales

LabelSneak teamed with IBM and IBM Business Partner CSI Solution to connect with the growing marketplace of consumers who prefer to buy across online, mobile and social channels. IBM Smarter Commerce precision marketing is allowing consumers to choose which sales promotions they want to be alerted to or when their favorite clothing item goes on sale via text, tweet, Facebook post or email. This can be a more effective sales method as smaller retailers can deliver a level of personalization and a more tailored marketing campaign to the individual consumer.

There’s some new news on the Smarter Commerce front from IBM.

Earlier today, IBM announced a collaboration with LabelSneak, a small online retailer of discounted designer men’s wear, which is using IBM Smarter Commerce technologies to create a unique shopping experience aimed at the millennial consumer.

As a result, LabelSneak has seen 148 percent growth in revenues, tripling sales in less than a year.

For The Fashion Conscious Male

LabelSneak is an outlet store aimed at brand aware males, and offers discounts of up to 75 percent on fashion and sportswear, alerting its consumers via social channels to personalized, limited-time sales offers.

With new deals updated regularly, the site generates tremendous amounts of data, including Tweets, Instagram photos, Facebook comments on popular sales items and conversations between consumers on favorite brands through social channels, mobile and tablet devices.

LabelSneak’s challenge was this: To capture and glean insights from all this big data to better understand what consumers were saying about the latest promotions, which items were the most popular and at what time and in what circumstances sales were most effective.

They also needed analytics to better target and mold online sales campaigns and to decide which social channels effectively communicated its message to attract new customers.

LabelSneak teamed with IBM and IBM Business Partner CSI Solution to connect with the growing marketplace of consumers who prefer to buy across online, mobile and social channels.

With access to IBM Global Financing within minutes, the small retailer is now using IBM Smarter Commerce technology to handle high volumes of transactions as well as the large volumes and variety of data, CSI’s RapidCommerce Cloud Managed Service Solution has helped LabelSneak create a site to more effectively target the digitally savvy millennial consumer with an integrated brand experience across all devices.

To date, the platform is supporting a rapid pace of growth, enabling the client to focus its time and resources on growing the business such as conducting sales promotions, gleaning insights from Facebook comments or tweets.

The Competitive Challenge

Fashion companies of every size and style are vying for a slice of the men’s wear market. To compete with more established retailer brands, LabelSneak needed to better understand men’s online consumer behavior, create a more tailored marketing campaign and deliver the right merchandising mix.

Not only is LabelSneak gleaning insights from data analyzing which brands to carry, but they also are seeing how consumer preferences for certain brands in men’s wear are connected to a favorite sports teams or music.

Background On IBM Smarter Commerce

IBM Smarter Commerce precision marketing is allowing consumers to choose which sales promotions they want to be alerted to or when their favorite clothing item goes on sale via text, tweet, Facebook post or email.

This can be a more effective sales method as smaller retailers can deliver a level of personalization and a more tailored marketing campaign to the individual consumer.

IBM Smarter Commerce provides intelligent automation of marketing, sales, customer service and procurement to help chief marketing officers, chief procurement officers, sales, e-commerce, supply chain and customer service executives do their jobs more productively and efficiently.

Go here if you’d like to do some shopping on LabelSneak.

No More Business As Usual: The Road To Smarter Commerce

I mentioned in my last post that I must have been dreaming on the way over to Madrid. Or maybe it was just all these thoughts running through my head before I actually drifted off to some semblance of jet-engine-drone-induced slumber.

The English East India Company was an English and later (from 1707) British joint-stock company formed for pursuing trade with the East Indies but which ended up trading mainly with the Indian subcontinent. The Company was granted a Royal Charter in 1600, making it the oldest among several similarly formed European East India Companies. Shares of the company were owned by wealthy merchants and aristocrats. The government owned no shares and had only indirect control. The Company operated its own large army with which it controlled major portions of India.

One of those thoughts reminded me of the guy in the YouTube video who reminded us all what an amazing time we live in. That we can climb into what essentially constitutes a rather large beer can and zoom a few thousand miles away in only a matter of hours. In a journey that, once upon a time, would have taken a Benjamin Franklin or a Thomas Jefferson weeks by sea, and likely would have been filled with seasickness, scurvy, or worse, when all they wanted to do was get there.

That was one of my thoughts: Then I fell asleep somewhere near Dallas and woke up somewhere over lovely Spain.

Be Amazed By This Amazing Opportunity

But I also dreamed of commerce. Of its history, and its evolution, and what an amazing time we live in terms of how we conduct business.

I went and looked up “commerce” on Wikipedia, curious as to what the “crowd” out there had to say. That, too, is another relatively new concept, to be able to “crowdsource” information from people around the globe.

Their definition goes something like this: Commerce is the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any country. Thus, commerce is a system or an environment that affects the business prospects of an economy or a nation-state.

First, there were barter economies, where trading was the principal “facility” in which peoples bartered for goods and services from one another.

Then, currency was introduced as a standardized money, which, facilitated a wider exchange of goods and services — everything from coins to lumps of precious metals to, today, even virtualized currency like “Bitcoin.”

But these days, as the Wikipedia entry observes, commere also includes a complex system of companies that try to maximize their profits by offering products and services to the market (consisting of both individuals and other companies) at the lowest production cost.

The Early Road To Smarter Commerce

So what did some of those early commerce scenarios look like? Imagine, for example, how the domestication of camels allowed Arabian nomads to control long distance trade in spices and silk from the Far East.

Or the “Silk Road,” which was established after the diplomatic travels of the Han Dynasty Chinese envoy Zhang Qian to Central Asia, which allowed Chinese goods to make their way to India, Persia, the Roman Empire — and vice versa.

The English East India Company was an English and, later (from 1707), British joint-stock company formed for pursuing trade with the East Indies, but which ended up trading mainly with the Indian subcontinent. Shares of the company were owned by wealthy merchants and aristocrats. The government owned no shares and had only indirect control. The Company operated its own large army with which it controlled major portions of India.

In more recent times, we saw the introduction of 23 countries agreeing to the General Agreement on Tariffs and Trade, in 1947, which attempted to rationalize trade among nations.

Going All In…For Your Customer

Today’s smart consumers expect to engage with companies when and how they want, through physical, digital, and mobile means, and they want a consistent experience across all channels. Because they are empowered and connected, they can compare notes, quickly, and they can champion a brand or sully a reputation with the click of a mouse or the stroke of their tablet computer.

Today, circa 2012, we find ourselves at another inflection point in the history of commerce, one which begins and ends with the customer. Today’s commerce environment features a customer who is dictating a new set of terms in the dynamic between buyers and sellers, and these are very smart consumers, ones empowered by technology, transparency, and an abundance of information.

Just simply walk through your closest local retailer or your nearest airport, and you’ll see signs of this new and smarter consumer. Via smartphones and other mobile devices, they are connected real-time to an absurd amount of information that empowers them as buyers, and, in turn, requires an accelerated sophistication on the part of sellers, no matter the product or service.

These consumers expect to engage with companies when and how they want, through physical, digital, and mobile means, and they want a consistent experience across all channels.

Because they are empowered and connected, they can compare notes, quickly, and they can champion a brand or sully a reputation with the click of a mouse or the stroke of their tablet computer.

No More Business As Usual

This ultimately means, of course, that there is no longer such a thing as “business as usual.” Empowered and connected consumers are deeply linked — to their friends, colleagues, and the world at large — and they evaluate and compare the quality of their experiences with those of others. And they are the ones who can reward, or penalize, the businesses that do, or do not, give them what they want.

This is new trading crossroads of the 21st Century, and it is those companies who are interested and compelled to act to enable and encourage this new consumer who are in attendance here at the IBM Smarter Commerce Global Summit here in Madrid this week.

To thrive in this new age of the customer, they recognize they must understand the motivations of each individual purchaser. They must predict, and not merely react to, customers’ needs and preferences.

They must understand not only what they buy and where, but also why and how they choose to buy it.

That’s what this new world demands. That we need not only a better system of doing business.

But, also, a “smarter commerce” environment, one that puts the customer at the center of all operations, and that helps companies better buy, market, sell and service their offerings accordingly.

Impressions From SXSW Interactive 2012: Q&A With Clover VP Mark Schulze On The Mobile Boom

Sometimes, you just have to look to the person standing in line next to you to spark up a vibrant conversation about one of the industry’s most vibrant topics, in this case what I’ll call the “mobile boom.”

There’s no question, mobile marketing was a topic on the minds of SXSW Interactive 2012 attendees, and the person standing in line with me to get our badges for SXSW Interactive 2012 was a perfect candidate to talk to us about it, Clover Network Inc. vice president of business development, Mark Schulze.

Mark is an interactive industry veteran, having held senior positions at IAC/Match.com, AOL, AltaVista. His company, Clover Network Inc., is working to bring smarter payments to the mobile commerce realm, a still hugely-undertapped market opportunity where the industry is witnessing increasing demand for easy-to-pay mobile payment schemes.

Mark talked about this, and the broad sweep of the mobile boom, in this discussion at the IBM Future of Social lounge at SXSW Interactive 2012.

Mobile India

My time in Bangalore is about to come to an abrupt halt, and I’m most sad about that.

Though I’m happy to be heading back home to Austin (for a few days, anyhow), I’m most sad to be leaving behind the new friends I’ve made here and the great experiences I’ve had.

But I definitely hope to come back soon.  There’s so much to see and do here, and I was here to (mostly) work.

However, my short weekend road trip out of Bangalore was certainly an eye-opening experience (see the previous post), but not as much for the reasons as you might think. 

In fact, I did a little “stand up” (although I did it sitting down in the cab ride between IBM’s offices and our hotel) explaining a few observations about the state of India’s mobile market:

There are already well over 500M mobile users in India, and I’ve had some tell me that there are more mobile phones in India than there are people.

That would certainly seem to be the case based on all the mobile advertising I’ve seen while in south India these past two weeks.

And I’m not talking about advertising on mobile devices. 

I’m talking about advertising every where else about mobile devices: Aircel, Airtel, Vodafone, and all the rest, they seem to advertise on every free surface and building one can imagine (some even without roofs!)

All those rupees aren’t being spent without good reason, and there are probably close to another 1B folks who still need to get a mobile phone here or who these mobile companies want to convince to switch brands.

Put another way, by 2014, there will be more people online in India via mobile devices than are currently online via the Web across the whole of Europe in 2010!

Of course, this fast start is even before India finished its first 3G spectrum auction earlier this year.

According to Daily Wireless, nine cellular firms participated in more than 180 rounds of bidding over 34 days, which was expected to earn the India government 509.6B rupees (around U.S. $11B). 

Specifically, they sold three bandwidth slots for 3G services in each of 17 telecom service areas, and four in each of the remaining five areas.

Most of the aforementioned 500M users today are on 2G services, so when 3G kicks in some of these markets starting as early as September 1st of this year, mobile marketing madness watch out!

Even at that, I’ve been most impressed with the mobile coverage I’ve had throughout my two weeks here.  Even in the most rural areas (including Bandipur National Park), I’ve been able to get a strong mobile signal.

If that’s any indicator of the progress to come in the Indian mobile market, you won’t be needing any of those Verizon “Can you hear me now” commercials running in Mumbai or New Delhi anytime soon!