Tuesday, May 04, 2010

Data + Social Media = the CRM Holy Grail

Social media has been all over the New York times lately. The article that most caught my interest was not about social media per se, but rather about the self-tracking trend and entitled 'The Data-Driven Life.'

The instincts to collect data, to share, and to create stories and experiences to fill in the gaps in our knowledge are deep seeded. These instincts date back to cave drawings, Greek bards, etc. But there are also more recent and relevant historical examples. 

Photo sharing, for example, did not start w/ Flickr, the web, or even with the pre-web internet. It began in 1905 with the proliferation of pocket cameras and a change in postal regulations that allowed cards with photographs on the outside to be delivered via post. At that time, people would shoot pictures, develop postcards in their own darkrooms in low quantities, and share them via snail mail w/ their friends. It wasn't until a generation had passed that postcards were commoditized into mass-produced visual platitudes. In short, postcards were an analog form of social media

In 17th-18th century Europe, it was very common for individuals not only to publish memoirs - analog, ex post facto blogs - but also to publish their personal observations (ie their data) on everything from health and history to fad and fashion. And these books were not at all like books today. For one thing, they had titles like:

  • 'A true and faithful narrative of what passed in London on a Rumor of the Day of Judgment,' and 
  • 'They Key of the Cabinet of the Chevalier Joseph Francis Borri, in which are contained many curious Letters upon Chemistry and other Sciences, written by him, together with a Memoir of his Life,' and of course the famous and indispensable 
  • 'Extraordinary Popular Delusions and the Madness of Crowds' written in two volumes beginning in 1841 by Charles Mackay, and from which the above-referenced titles are drawn. 

Unlike the relative rarity of being published today (meaning published in hardcopy by a major publisher and widely distributed by one of the 4 major book sellers), it was relatively easy to be published in the 17th and 18th centuries and everyone who thought they had a new idea was doing it. And the titles were deliberately more akin to key word clouds than to the pithy, marketing-driven titles of today. (How else to find what you're looking for in an analog search?) 

To tie this back CRM and social media loyalty programs and to jump back once more to the 17th century, absent medical data people were susceptible to such brand stories as Alchemy and Magnetism - the latter of which blossomed into a veritable craze by the person I consider to be the Father of Experiential Marketing, Franz Mesmer. Despite the vestigial belief in Magnetism that exists to this day (http://www.magnetictherapymagnets.com) most people are more likely to believe their doctor (or Google Health) than they are a TV and OOH campaign about Magnetism - ie they're trending towards trusting data more than being mesmerized by unsupported messaging - (pun intended). 

Behavior modification is the Holy Grail of CRM, and it is a widely known phenomenon that people are most apt change their behavior when presented with ongoing feedback. The fact that people are keeping such meticulous data about themselves and sharing that data in their social media spaces opens the door to customized and mutually beneficial retention and loyalty programs that could not have been imagined even a year ago. 

Posted via web from Plastic Spoon's Posterous

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