Skip to main content

Alexa, Tell Me Everything You Know


(Mashable)

Alexa is no longer just a girl's name and Google no longer requires any typing. Connected devices are an integral part of our lives now. From Fitbits, Nests, and smartwatches - consumers rely on these devices to go about their daily routines. Devices don't just help solve consumer's problems though, they are a treasure trove for marketers as well. At the forefront of all of this, is the Internet of Things (IoT). The internet of things allows marketers to know more about consumers than ever before. The challenge is making sure their brand is seamlessly integrated at the right time without appearing intrusive.

So, what exactly is the internet of things? Forbes defines the IoT as simply connecting devices with an on and off switch to the internet, and to other devices. The internet of things is a giant network of connected "things", including people (Forbes). Sounds a little creepy right? While there are many benefits to having your devices connected to one another, privacy is definitely an issue. Additionally, we may not want our coffee maker to start brewing every time we text our friends saying "I'm tired." While this technology is definitely still developing, as of now IoT is here to stay and will be an integral part of digital marketing strategies for many types of industries.

(Verify Recruitment)

The concept of the IoT is intriguing because of the type of data it holds. I already discussed the growth of Big Data, and the internet of things is here to exponentially increase the amount of data available to marketers. However, this data will be very different from the data marketers traditionally collected. This data comes directly from the consumer as they are going about their day. Deon Newman, the CMO of IBM's Watson Internet of Things, believes the IoT will give insight into how a customer uses a product, which features they use, and which they don't (Forbes).

The internet of things presents tremendous opportunities for brands in many industries, especially consumers goods. On the extreme, brands can partner with devices to make sure consumers can easily obtain your products. For example, Maytag washing machines can automatically order Tide detergent when a consumer is running low. However, most marketers will be more interested in the data the IoT provides. If Nordstrom Rack can see that you're starting to turn the temperature on your Nest up, it could be the perfect time for them to send you an email with their latest sweater styles.
(Giphy)

The data provided by the internet of things can be useful at different stages of the purchasing cycle. However, it is probably most effective when a consumer already has a relationship with a brand. While a brand could serve consumers a programmatic ad (based on lifestyle data) simply intended to increase awareness , it may not lead to a purchase. If you've already had a positive experience with Nordstrom Rack then you'd be happy to see their sweater options when you're feeling chilly. But if you saw an ad for L.L. Bean instead, it might even prompt you to see what Nordstrom Rack is selling because you were just reminded that you need a new sweater.

I would recommend marketing through or based on the internet of things for brands that contribute to consumers' lifestyles. For now, this is where the majority of data that can be garnered from the IoT exists. It is also becoming increasingly important in B2B marketing, where for example equipment firms can see when manufacturers are in need of replacement parts (Target Marketing).

All brands in various industries should also be conscious of the way the IoT is changing the search game. Consumers can ask Alexa or Siri a question from virtually anywhere now. Digital Marketing Institute explains that when speaking to devices consumers tend to ask questions more naturally, as if they were talking to a friend. This means that it's no longer enough to make sure your website is filled with keywords and optimized for search engines. The IoT requires internet content to be optimized for voice searching as well.

(Giphy)

The internet of things is definitely here for the long - run. In the future, consumers will want even more of their devices to be connected. It will become a way to make sure all areas of someone's life are in sync. The challenge down the line for marketers is the increasing concern for privacy that will occur as consumers realize how much data these connected devices are collecting. Data should be sourced transparently and only be used to meet customer needs. Whether it's Alexa, Google, or even your coffee machine - be prepared to have deep relationships with your devices.

Comments

  1. "Deep relationships with our devices."
    Sounds scary but the human mind has always expanded its potential through devices.

    From the New Yorker:

    The tools we use to help us think—from language to smartphones—may be part of thought itself.

    https://bit.ly/2DOzSA4

    Your blog has been a revelation.

    At a practical level, I never knew that IoT could play such a strong role in consumer products marketing. I always aligned data collection through IoT with product development of connected devices.

    At a deeper level, data and technology, IoT and AI included, will shorten the time lag between observation of human behavior and innovation.

    ReplyDelete

Post a Comment

Popular posts from this blog

My Fascination Archetype

What do I have in common with Tina Fey and Malcolm Gladwell? Turns out we have similar leadership styles! Who knew? This week, I took The Fascination Advantage assessment to learn how others perceive me and how I can use this to my advantage, both personally and professionally. The assessment, created by Sally Hogshead , has given me a new perspective on how my peers view me and how I can become a better leader. Taking the assessment was actually a lot of fun, and even before I received the results, I found that I was learning more about myself just by thinking about the questions. I could see right away that I wasn't motivated by status, but felt more passionate by producing good work through creativity. So let's dive into the results... At first I was surprised by my results. My primary advantage (my most effective method of communication) is described as "Mystique." The word mystique sounded a little too cool to describe me. But once I read more, I knew it de...

Does Big Data Come With Big Responsbility?

Big data has transformed the way marketers learn about their consumers and therefore make decisions. According to Forbes , big data helps marketers understand more about consumers' purchase behavior, patterns, and likes and dislikes. However big data doesn't come without its risks. The problem with big data is threefold - good data doesn't automatically correspond to good decisions, vast data collection is a major privacy concern, and the growth of fake followers and bot accounts tests the reliability of data. ( Alberto Brea ) Is Big Data Enough to Make Strategic Marketing Decisions?   The Guardian said it best: "the amount of data available does not necessarily correlate with its value – not everything that can be counted counts." Basically all the data in the world is out there but is it all useful? In my experience, I think big data can certainly inform insights but is not yet capable of decision making. Big data can answer the when and where  - wher...