SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Customer Database and CRM Systems

Customer database stores information about your clients which helps to retrieve the information easily. When you convert to Customer Relationship Management (CRM) software, it will take the database to a new level. CRM software offers a range of capabilities designed to manage customer data and interaction, and to automate sales, marketing, and customer support. This article explains some of the things CRM systems can do for you. Read more at:  http://it.toolbox.com/blogs/insidecrm/teach-your-client-database-to-think-with-crm-70912

 

 

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How Internet of Things can pay-off in Mobile Marketing?

Mobile Marketing is the use of the mobile medium as a means of marketing. According to a report, the IoT device market will double the size of smartphone, PC, tablet, connected car, and wearable devices combined by 2019. The Internet of Things provides a network of physical objects or things embedded with electronics, software, sensors, and network connectivity, thus enabling collection and exchange of data. To know more about how it can hit the target mobile marketing, follow the article written by Arun Bhattacharya (author) at: http://blogs.adobe.com/digitalmarketing/mobile/how-to-add-wearable-devices-to-your-mobile-marketing-strategy/

 

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Choosing the right ERP software

Enterprise resource planning (ERP) is a useful software tool that helps business processes to share data, which in turn helps in streamlining and automating essential business activities. ERP systems can also be used for a variety of activities ranging from human resources to supply chain management and even IT. Small businesses can also benefit from having an ERP system which will help in expanding the business. There are many ERP software solutions available on the market, but it is important to choose the right one for your business. Read more at: http://it.toolbox.com/blogs/inside-erp/choosing-the-right-erp-system-for-your-business-70883

 

 

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Datafication: venturing into the unknown!

Datafication is a process that captures almost every aspect of the world as data. With datafication, interactions can be quantified easily with the help of big data analytics. Data is generated for almost everything ranging from temperature readings to social media. This data is useful for analyzing patterns and making predictions about the future. These predictions not only improve business efficiency and finances, but also boosts customer experience and improve relations with the customer. Big data's tools' ability to extricate insights from the collected data have led to a new information revolution of sorts. Universal applicability is another exciting opportunity in this field. The future of retail commerce seems brighter now as datafication is here to stay. Read more at:http://insights.mastercard.com/2015/07/06/datafication-the-new-buzzword-for-business/

 

 

 

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Some common misconceptions about CRM

CRM is successful when it is implemented properly. But, sometimes it is not implemented properly. So, some companies fail in utilizing CRM properly. The main cause of failure is the misconception about CRM and how it works. Rick Cook (author of articles on computer & related technology), writes in his article about some common misconceptions that lead to failure. Read more at: http://it.toolbox.com/blogs/insidecrm/why-some-companies-fail-at-crm-and-how-not-to-be-one-of-them-70886

 

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Iterative Waterfall Vs. Agile

There is a misconception about agile model with teams across the world. They create an iterative waterfall model and call it agile. In a traditional waterfall development, analysis of the entire project is done first, followed by design for the entire project, followed by coding and testing. In iterative waterfall, the same approach is followed, but each story is treated as a mini project. They do the analysis for one story followed by design, coding, and testing. This is not agile. They confuse both the model because they thrive to build an agile model without exactly considering its meaning. The incorporation of user stories, or treating it as short placeholders for future conversations; each story becomes a mini-specification document. Ideally, in an agile model, all types of work would finish exactly at the same time, be it analysis, design, coding or testing. It is not always possible to achieve this, but it should become team's goal. To know more, read the article by Mike Cohn (founder of Mountain Goat Software), at: https://www.mountaingoatsoftware.com/blog/an-iterative-waterfall-isnt-agile

 

 

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How to connect with stranger on LinkedIn

Many people worry about reaching out to unknown professional. Here are some tips to introduce yourself to new faces. 1) Personalize your invitation letter to connect avoiding usual generic format. 2) Don't waste time in getting to the point after your personalized introduction. One must be straightforward and state your intentions up front. 3) Whenever a person receives an invitation, they try to find common ground with another individual. Don't let him hunt for it, instead mention it in brief example, common skills or organization. 4) End with a call for action and lastly, always keep your profile updated before sending messages to new contacts. Read more at: http://www.business2community.com/linkedin/5-tips-connecting-strangers-linkedin-01412129#AVQmfkk5uvJit3qh.97

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Digital Marketing Truth of 2015

This New Year, let's look back at the marketing experiences throughout 2015. We have learned that the fundamental concept of digital marketing is unaltered, no matter which industry we target. But, it teaches us to adapt to changing habits and practices of customers. Here are 3 digital marketing truths you should keep in mind - 1) to grow our presence across different channels, mobile is the only channel that has grown so rapidly. 2) Removing barriers across different channels so that your customer is able to communicate better. According to customers different preferences it's necessary to use data management platforms for organizing information. 3) Use of automation to use right content at the right time. Read more at: http://www.business2community.com/digital-marketing/top-3-digital-marketing-truths-take-away-2015-01413555#Cll3tXd2oAKuqhgF.97

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How to use social media for content promoting

Nowadays, many businesses have discarded content marketing because it has many things to create and promote that it has become time consuming. But, today's consumer need more information about brand relationship and trust. Social media is becoming an important source of information through various channels. Organizations should drive people to that blog or to other pages on the website where they can get things of value and it should be done very effectively. Nicole Boyer (a valued contributor to Business 2 Community), writes in her article about some ways to make your social media promotion the best it can be. They are -  1) Use related visual which engages more consumer to like and share information 2) Headlines does count, so it as to be catchy and appealing. 3) Choose the right platform for posting content according to the target audience. 4) Multiple posting is also becoming trendy to gain attention by changing names or headlines. But you should know the perfect time for re-sharing. 5) Try to keep the conversation rolling by adding comments and feedbacks from readers. Lastly, get everyone to share your post. Read more at: http://www.business2community.com/social-media/get-social-9-ways-promote-content-brand-social-media-01411863#pBWAtI7cbRYeEqG8.97

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How to excel in business with the help of CRM

The business environment is highly competitive and one needs to excel in every sphere of business. Excellence is not just a goal, but, it is a process or a series of process which aims to produce specific outcomes and is achieved by consistently applying these processes on one customer at a time. Read more about some of the components that allow you to achieve excellence at: http://it.toolbox.com/blogs/insidecrm/excellence-in-crm-70887

 

 

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CRM helps in lead scoring system

Leads are important for any business and not all leads have equal importance. A good lead scoring system lets you rank your prospects by readiness to take action. This will help in deciding to prioritize leads. Lead scoring is a method and the important thing is to have the right information and applying the right method to that information. CRM helps to identify and score potential customers by organizing the information about each of them so that you can successfully apply your chosen methodology. Read more about developing a successful lead scoring process at: http://it.toolbox.com/blogs/insidecrm/lead-scoring-with-crm-70888

 

 

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What is CRM Planning

CRM must be well planned according to your business needs. Organizations must define your needs, what you need to do and how CRM can help you. After you decided what is good for your organization, you can pick and choose among the features of your chosen CRM system to decide which ones can help you the most. Process planning is important for the success of CRM implementation and business. Read more about CRM planning at: http://it.toolbox.com/blogs/insidecrm/crm-planning-70889

 

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Pillars For Successful Implementation Of CRM

A CRM to be successful must be built on four pillars. They are - People, strategy, processes and technology. CRM program to be successful must consider each of these elements with equal weighting and this in turn will help in increasing business. Read more at: http://it.toolbox.com/blogs/insidecrm/the-four-pillars-of-crm-70890

 

 

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Use of Big data in Oil and Gas Sector

Primary activities of any oil and gas company generate large amount of data. This is developing heightened demand for big data and services in this sector. The market ofr such solutions is expected to grow by $3.99billion to $5.41billion in 2020.  Big data analytics could help in reducing time lag, and improving drilling parameters in identifying any traces in seismic signatures derived from geological and operational data. Employing data analytics can also help detect any abnormalities in drilling and could save millions in labor and equipment costs. Recovery and production can be enhanced by applied analytics seismic and drilling data. One of the major challenges faced by large companies is lack of skilled labor which can be solved with knowledge management using big data. Recent Paris Agreement has created unprecedented opportunity for countries for decreasing temperature less than two degrees celcius above pre-industrial time which encourages oil companies to improve operational performance and efficiency. Read more at: http://www.technavio.com/blog/how-oil-and-gas-using-big-data-better-operations

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Growing 3-D printing market

3D printing technology was first used in 1980s, but was mostly limited to government and industries that time. Later in 2009 it became commercially available for consumers. Despite its more and more consumer-friendly models introducing in market, 3D printers continues to be out of the financial reach of average consumer. Makerbots costs $2,000 which is by the way still not bad compared to the price tag of industrial printers ($5.000-$10,000). There are some open source projects happening to make technology make more widely accessible. Others are providing customizable services through internet options. Global 3D printing market takes into account shipment from OEMs in automatics, consumer products, healthcare, aerospace and defense. Due to which its expected to boost the marker from 1.95 billion to 11.07 billion. Industrial side is what pushing the technology forward in automotive sector contributing 21.2% to the global market.  Honda and Peugeot have used 3D printers which are released in files so that anyone can achieve that design. Read more at: http://www.technavio.com/blog/car-parts-body-parts-3d-printing-showing-no-signs-slowing-down

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Why so few viewers of TV ads?

Nowadays, Marketers are re-examining the role of TV advertisement in digital age for making budget modification, as very few are tuning in TV to watch your ads. The number of Youtube viewers are increasing marketers are blending it and new viewing trends to learn new ways of drawing customers. The first driver of Youtube visitors is it  variety of content such are mash-up of memorable events, movies trailers etc. This has lead many personalities to entertain online which are rather becoming more famous among viewers according to a survey. Secondly, Youtube is gaining respect in media industry as it garners credibility to views as reach metrics Third drivers has to be the cord- cutting movement as people are purchasing digital programs instead of cable or satellite which offers them the flexibility of when and what to watch along with engaging in their other important business simultaneously. Moreover, these viewers preference offers analytics opportunities to understand the changing trends in peoples preferences. Read more at :- http://www.cmswire.com/digital-experience/are-you-really-reaching-customers-with-tv-ads/

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How to stay ahead in E-commerce competition

Unprecedented growth of e-commerce industry, has given marketers a hard time to acquire and retain shoppers. The retailers need to have the right insight in collecting analyzing data as well determining the actions that will resonate with consumers and deliver best experience. 1) Marketers need to have a long sighted approach towards consumer lifecycle and tactics within their acquisition. It helps in identifying the consumer goal from specific interaction and what this long term engagement will offer to shoppers. 2) The shoppers needs to develop the capability to anticipate shoppers actions and to do marketers must learns individuals likes and dislikes, their interests and most of all be able to discern individuals intent from collected rationalized data. 3) E-Commerce brand should use ensure that their data must be collected from each interaction and across every touch point to create one cohesive customer experience. Lack of persistent communication within various interaction units hurts the data aggregation and analysis. Read more at: http://www.cmswire.com/digital-marketing/keep-one-step-ahead-of-your-e-commerce-competition/

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Why No One Listens to Your Innovation Call

Call for innovation is acknowledging efforts which are required to lead the market. But innovation initiatives without a plan or meaningful approach can be delayed. First setback does not understand the need of innovation, which may result in the lack of explanation and context leaving staffs in jittery. It's essential to have a specific objective that fits the central need of the customer telling them what you are all about. Secondly, it's more important to learn and listen the original problem rather than hunting for solutions. Third, mishap is by solely asking for ideas of innovation without much interaction over the problem or the matter at hand.Read more at : http://www.cmswire.com/social-business/why-your-call-to-innovation-keeps-falling-flat/

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Why we require fewer Data Base Specialist in Future Environment

Large companies are collecting big data every minute. The need for new data base analyst and system programmers is increasing having specialised skills and in depth knowledge. Their roles include 1) management of databases and their recovery readily measured and monitored against disaster. 2) Implementation of self-realising and self-tuning processes. 3)SQL and database performance tuning. 4) Database logs and error management. Many of these roles are unnecessary due to high speed of big data analyst solution. Similarly, database performance tuning has become redundant as it lacks internal performance tuning resulting of no need of specialist in new enterprise environment. The task of specialist involves, 1) System and network performance tuning along with software installation and migration. 2) They be the leading technical specialist for critical application assisting data architecture changes. 3) Set the performance benchmark for prospective vendor tools. This infers that less and less specialist will be required in the coming phases when the role of generalist can be easily done by supplementary staff. Read more at:  http://it.toolbox.com/blogs/database-administration/big-data-technologists-transition-to-customerfacing-roles-the-current-team-70675

 

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How to get more B2B leads in 2016

Millennial B2B buyers are becoming the target market. These new B2B buyers know exactly what they want from vendors. Wendy Marx (President of Marx Communications), writes in her article about how to get more B2B leads in 2016. Her suggestions are - More Storytelling and Less Selling, Authenticity in Social Media, Quicker Response Times. Read more at: http://www.business2community.com/b2b-marketing/4-ways-generate-b2b-leads-2016-01413701#RwIt6BQB75HxdP5T.97

 

 

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