Day: September 27, 2018

Power of Digital DNA

Making a Foray Internet came to India in 1995. I got introduced to the Internet in 1996 when I entered college and wanted to send an email to a friend. On deeper exploration and on using tools like Lynx, IRC, and Email; I felt a sense of connectivity with the world. I could make friends worldwide sitting right here in Kolkata, that too in real time. I took an immediate liking to it. I soon ventured into digital business in 1997. I started with domain registration, web hosting, and website design. Fast forward to 2000, when I returned to India after my post-graduation, the local market for technology services were in doldrums due to the dot-com crash. I again revisited the digital toolbox, and this time for digital marketing, and built a business which was born in India, but grew up in the globally connected Internet world. We were soon working for clients around the world and running our entire operations on the Internet – starting with marketing, sales, development, delivery, billing, and payments. We have a partnership approach. We become part of our client’s business – in their good and bad time. We work as a team to make the most of the leverages they have and find solutions to the problems they face. We strongly believe in – If our client wins, we win. We have the intrinsic ability to build scalable, secure and properly functional projects and products from our global clients. At no times, the ability to simply deliver projects as per the promise is a big differentiator, because it is as common as we may think. It is important to understand that the culture inside the company, reflects in the perceived brand outside the company. This has been our biggest differentiator – a humble, grounded, customer focussed, honest, technically sound business, which works behind the scene to make its client win. Ahead of Competition We operate out of all major metros of India, thus can provide seamless pan-India servicing to our clients and have the most extensive service range under one roof, making us a full-service provider. Thus, you do not need to coordinate between multiple agencies to get a simple project done. Our major delivery hubs are in Kolkata and Chennai, which helps us rationalize the costs, and hence enable us to pass the benefits to our clients. Last, but not the least, we are fundamentally a digital company since inception; hence carry the DNA for digital. It is unlike many companies, who jumped into the bandwagon when the buzz of “Digital” became loud. We are fundamentally a digital company since inception; hence carry the DNA for digital. It is unlike many companies, who jumped into the bandwagon when the buzz of “Digital” became loud. Industry Outlook Digital industry has grown exponentially. It has been phenomenal. However, we are still seeing the tip of the iceberg. Digital is synonymous with the transition at par with the agricultural age, industrial age, for mankind. The markets are maturing. However, we still get very excited at times, without thinking about the practical implications, and hence get into the hype (boom) and depression (bust) cycle. I think it will continue. At one point in time, it was big vs. small, then it became fast vs. slow, and now it will be digital native vs. non-digital. The industry still needs to educate the talents and businesses in digital in the right way to make the most of this wonderful disruption, else they stand disrupted. The Indian market has been a follower, but it is picking up. In India, most businesses still consider technology to be an “Expense” in their P&L books. It has to change to “Investment” in their Balance Sheet. However, things are changing for good. The change is visible, albeit slow.  East Calling We believe that eastern India is now on a growth curve compared to that of the rest of India. In fact, East India has the most to gain from digital forces, as they are great levelers. It provides the same benefit to all its users, and the onus is on the user to use it effectively. To help businesses and professionals use it in the right way, we have started organizing Digital Success Summit. We organized the first edition of the summit at Hyatt Regency Kolkata on 10th August earlier this year. The next year’s event is planned for 8-9th August. Key Challenges The two major challenges we face as a global technology service company from Kolkata are : 1. Getting the right talent for strategic roles 2. Trust in a low trust world, in a low-entry-barrier industry, which results in   some poor performers to bring a bad name to the entire industry Improving Bottlenecks It is critical that the education system is revamped. If it is not done in time, the demographic dividend will become a demographic disaster. Besides this, we must teach each citizen about their responsibility to represent their country in a globally connected world. No two incidents are independent anymore. Every action by everyone has an impact on the other person – small or big. Goals to Cherish My organizational goal is the work on continuous improvement of the Indus Net group of businesses by getting like-minded people together, forging partnerships in new geographies, excel in quality and explore newer horizons as the industry evolves. We are also looking at decouple revenue-manpower growth which is a hallmark of IT service companies. We will do it through moving up the value chain, invest in IPs and Product development and create unique propositions which are business critical in select business verticals. I plan to keep learning, do some trekking and write a few books! Future Environment The future is digital. And we will be playing a critical role for ourselves and our clients in shaping the future. The future is also about pluralism and one single organization will not be able to control or shape it. Therefore, we believe in our

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How Data Influences Media and Marketing Today

Market research has always been the basic tool to design and develop strategies and campaigns. However, traditional market research consumes a lot of time and requires special skills to process and analyze and to derive insights. Marketing campaigns in the past weren’t accurate because market samples did not truly represent a population, and both advertising and marketing strategies weren’t quite accurate. Campaign failures and losses can be tied down to incorrect insight or partial insight into a market’s needs and demands. In addition, most marketing agencies depended on print and TV to disperse marketing messages until the recent past. Digital media changed all that and democratized the process of marketing and advertising, while contemporary data techniques have taken digital marketing to the next level. Thankfully, newer data analytics techniques have not only reduced marketers efforts to crunch data but have also ushered in a new era in which marketing campaigns are highly personalized, scalable and democratic. In this article, let us take a look at how data has influenced media and marketing, and how there has been a complete paradigm shift. Integration of tools Software integration has led to richer insights and predictions, as there is a larger sample of data to analyze. Cloud-based solutions have helped companies to implement affordable integration solutions across departments. Integration has also brought together disparate software solutions such as CRM, ERP, and HRMS which help businesses to access more detailed data and predict outcomes accurately even on the go. Current marketing and advertising initiatives depend on such an integrated approach to make the correct move. An increasing number of agencies use MarTech solutions to predict better campaign outcomes, and this is possible because of modern data analytics. MarTech consists of marketing automation tools such as Marketo, HubSpot, MailChimp, SalesForce, and Insightly. It also includes data and intelligence tools such as FullContact, Cloudinary, Decibel, among many others. In addition, predictive analysis tools help us make better predictions and foresee campaigns even before campaigns are launched. This allows us to have defined outcomes in mind. Some of the most important predictive analysis tools used today are Microsoft’s Azure Machine Learning Studio, SAP Predictive Analytics Software, IBM Predictive Insights, among many others.  These tools can be integrated with each other, or with other enterprise software solutions for richer insights. Personalized marketing and advertising Earlier, personalized marketing was a challenge and a number of efforts never yielded the desired results. However, thanks to social media, it is easier to curate customers and people with specific interests and capture their sentiments easily. All this data can now be crunched and analyzed for better insight, leading to highly specific marketing and advertising campaigns. There are a number of marketing automation tools that help you personalize advertising. HubSpot and MailChimp can be used by both small and medium-sized businesses to personalize campaigns, while Marketo is a value addition for larger organizations. All these tools use data to take personalization to the next level. In addition, you can use Google Optimize 360, which helps you create custom segmented customer experiences. Forbes also listed Clearbit, Kickbox, Quickmail, Buzzstream, and other tools in its list of tools that help personalize marketing and advertising. In short, these tools help to gain better insight about customers and market, which helps personalize marketing and ad campaigns even at the micro level. The advent of MarTech and AdTech In the last couple of years, technologies that assist in automating and turbocharging marketing and advertising processes have been given the terms of MarTech and AdTech. Both these technologies have helped thousands of agencies to provide better campaign results, automate most marketing processes, and process data in a useful manner. The advent of MarTech and AdTech has also resulted in marketing Big Data. Various market-related data is constantly added to Big Data, and data analytics continue to derive richer insights. Most importantly, MarTech tools like GetResponse, Autopilot, iContactPro can be integrated with ERP and CRM for more coherent insight. After all, both frontend and backend need to be in sync with marketing campaigns for the message to reach effectively to the right audience. It is important to note that while marketing technology tools can up your data game, it is really up to you how to use the insight your derive. For example, integrating a digital asset management (DAM) with Adobe Creative Cloud can provide insights into how designers influence the marketing process. Or, you can choose to integrate Oracle Eloqua with an ERP like Sage 100 ERP or SAP Business One to better understand how order processing trends can improve future campaigns. Data helps launch hybrid and omnichannel marketing campaigns Most marketing campaigns tend to take a hybrid approach, combining online with offline. A survey conducted by Vistaprint Digital showed that 29% of businesses ignore either offline or online marketing practices, favoring one practice more than the other. However, a hybrid approach that uses both the practices is always more beneficial. Some of the ways you can use data analytics to spur offline marketing success are by analyzing QR code usage, proximity marketing using Bluetooth technology, and tracking URLs and web traffic generated from offline visits to actual stores. Using data analytics to track these behaviors will help to launch more cohesive omnichannel marketing campaigns, which bring an integrated shopping experience to customers. Facebook and Google have come up with tools which help advertisers to understand the effect of online advertising on offline sales. They can predict and track online to offline conversions. Data is here to stay for the long haul As you can see, data tools have changed the game when it comes to marketing and utilizing media tools. While we are no longer reliant on traditional media platforms, and digital platforms have long become mainstream, data analytics has ensured that digital marketing will continue in a forward path in the months to come. All these trends will help agencies to develop and implement marketing and ad campaigns quickly across digital media platforms. Dissemination of marketing communication

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