Posts Tagged ‘jeremiah owyang’

Report on 18 Use Cases for Social CRM

March 5th, 2010

Jeremiah Owyang and Ray Wang from Altimeter Group released their report today on the 18 use cases for Social CRM and provide some ideas and guidelines for how to move forward within the space.  They included quite an impressive roster of experts and vendors to help them compile their report.  However, keep in mind that what they created is just a starting point.  I just finished re-reading the report again and I think what they have put together is a great document but I do have some ideas, thoughts, and notes on what they put together.

Let’s start with this image that depicts the 18 use cases of Social CRM:

Traditional CRM has always been used for three things: sales, marketing, and customer service.  Social CRM doesn’t replace those but instead it adds new layers into the mix (as you can see from the image above), mainly collaboration, ideation, and improved customer experience.  Actually, I wouldn’t even classify customer experience as a separate SCRM layer because I think the whole point of SCRM as a whole is to improve the customer experience.  Collaborating with customers, innovating, and improving your marketing, sales, and support efforts are all geared towards improving the customer experience because that is ultimately what is going to be the key differentiating factor between competitive companies.

I’ll point everyone to the following idea that Esteban Kolsky came up with (Chess Media Group helped redesign it).  Again this image shows the overlap between Enterprise 2.0 and Social CRM.

Back to the report…

Jeremiah and Ray researched 18 use cases for Social CRM but I’m sure others will emerge quickly (or may already exist).

The report also goes on to discuss the 5 Ms of Social CRM and the baseline processes.

What I would have liked to see is a separation between what can be automated and what needs to be handled by a human.  I have a baseline framework for this that I brainstormed with Brent Leary and hopefully I can create an image that depicts what that should look like.  The other challenge here is that Jeremiah and Ray recommend that  we need all 5 Ms yet each M involves working with a new vendor.  According to the baseline process chart, in order to fully take advantage of SCRM a company would need to work with at least five different vendors such as Biz 360, Facebook Profiles, Sugar CRM, Informatica, and IBM Cognos.  I don’t think that this is realistic and then there’s the issue of integration and of course budget and resources (yes I know, a completely separate issue).

I definitely commend Jeremiah and Ray for really compiling a fantastic report (there is much more in there for you to read).  I think this report is a fantastic starting point for the SCRM framework, and while I’m sure not everyone agrees with what they (or I) have to say about SCRM, it certainly will cause great discussions to surface.  If you want to check out the full Social CRM report, you can visit the Slideshare presentation (which I recommend you do) or just read below.

The Future of Social Media and Business, Presentation by Jeremiah Owyang at Blog World Expo

October 20th, 2009

This was my favorite session at Blog World Expo this year because I actually felt like I learned a thing or two.  I’ve known Jeremiah for a little while and see him at events/conferences in the tech/social scene, he’s a smart guy that I have come to admire and respect in the space; I try to show him my support when I can.  Jeremiah delivered a very interesting presentation at Blog World Expo that covered the future of social media and business.  Here is the most important slide from his presentation which talks about where we are headed.

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I’m going to summarize each bullet point to give you an idea of where the future of social media and business is headed (according to Jeremiah).

Social Everywhere

Large websites and brands are adopting social media, it’s not something we can stop and it’s not a fad that’s going to go away.  There is no point in being scared about the social web, it’s going to exist with or without you.

Corporate Websites are Irrelevant

In the near future product pages on websites are going to appear as streams of conversations from people talking about your product.  You need to fragment your website across multiple channels such as Facebook and twitter, your website is much more than just a single URL.

Real Time: Not Fast Enough

You’re going to need someone looking at the conversations and interactions taking place about your brand on a continuous basis.  Conversations happen 24/7 and you need to be there when they happen.  You can’t put up information on a Friday and not monitor what happens to that information over the weekend.  You have to have a listening program in place that will allow you to respond quickly and efficiently.

Departments – Customers Don’t Care

Customers just want their problems solved.  They don’t care what department you work for as long as you can help them.  This means that you need to be integrating all of your customer information; i.e. your CRM systems/databases/and monitoring tools.  There’s no point in having these things fragmented, they need to interconnect.

Social Personalization

People are using information on their personal profiles that is more accurate than information they use to sign up or register to purchase a product or service.  Many large websites are now allowing users to access information by logging in with their Facebook or Twitter accounts.  This means that a company knows who their customers are and where they exist online, hence they should be able to provide targeted and relevant messages/information to people.  I’ve actually talked about this in the past and see this as a huge opportunity for companies.  If I purchase a product on Amazon then Amazon should know where I exist online and what conversations I’m having about things relevant to Amazon.  Amazon can also check whether or not I’m connected to other people that work at Amazon (or recommend Amazon folks for me to connect with).  This information can plug neatly into a CRM tool that a company may be using.

So there you have it, these are the 5 areas that Jeremiah believes are the future of social media and business.  I think Jeremiah is correct in his analysis but would also add that there is going to be a strong shift towards the ROI and accountability component of social media, I should know because I’m working on some interesting things in exactly this area which will be announced soon.  Social media has to be justified in terms of spend, if you can’t measure it then you know very little about it.

For a live-blogged version of the presentation you can check out Dave Thomas’ blog post.

So what do you think?  Do you agree with Jeremiah’s 5 points on the future of social media and business?


Thank You Peter Kim and Jeremiah Owyang

April 30th, 2009

I’m working on several exciting projects at the moment that I can’t yet disclose, but this isn’t about that.  I’ve been researching several great resources for social media stats and examples and I just wanted to highlight the outstanding work that Peter Kim and Jeremiah Owyang have done in collecting and aggregating a lot of [...]

Social Media, the Obvious and Not so Obvious Issues

January 12th, 2009

Social media success can mean many different things to many different corporations (and people) but ultimately success should be assessed by the company itself.  It’s always easy to talk about what another company needs to improve on or work on.  People often ask me (as I’m sure they ask you) what a company can do [...]

What are Some of the Top Social Media Blogs Talking About?

August 13th, 2008

Yesterday Lee Odden wrote a post on word visualization on search marketing blogs, I decided to do something similar for social media blogs.  I decided to look at Chris Brogan’s blog, techcrunch, Jeremiah Owyang’s blog, Read Write Web, and Mashable.  Here is what I found
Chris Brogan’s Blog

Techcrunch

Jeremiah Owyang’s Blog

Read Write Web

Mashable

Jacob Morgan’s Blog on Social [...]