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June 24, 2008

Wireless Social Networking Poised to Take Over by 2020

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According to iSuppli - an applied market intelligence firm - a revolution in technology is afoot!! In a June 4 article titled, Wireless Social Networking Revolution Poised to Reshape Tech Industry, iSuppli indicates that wireless social networking technologies are poised to generate $2.5 trillion over the next 12 years, and that those companies who jump aboard the wireless social wave now stand to "lead in the technology business," while others may fall behind or become irrelevant.

In the article, iSuppli suggests that, as mobile devices become more embedded in our every day lives, their use as content delivery devices will skyrocket. At the same time, the availability of increased processing power, the expansion of wireless networks, and the ease and speed of wirelessly downloading content will turn the ever-present smart phones, PDAs and cell phones into our primary content viewing devices. And with so many people already turning to their iPhones to download videos from YouTube and following friends via Twitter and Pownce on their cell phones, it's no big leap to think that these devices will soon become central to downloading ALL of our electronic content.

According to iSuppli, the impact of wireless social networking will be felt across all areas of the industry - from semiconductors and processors to memory/storage capacities, devices and software. According to the article, as mobile devices are designed to better accommodate social networking needs, "...semiconductor companies will be compelled to deliver highly integrated processors that combine numerous high-performance, multi-threaded special purpose cores." This means that the expansion of social networking into the mainstream of society and business will generate new business opportunities as companies strive to meet the technological needs of this ever-evolving segment.

So how are businesses that haven't even integrated mobile content-delivery into their business models supposed to stay ahead of the curve when it comes to building wireless social networking into their organizations? The adoption of new technologies can be painstakingly slow, even among technologically-savvy industries; because of this, companies will have to develop a method that simultaneously incorporates mobile marketing and social networking into current business models.

In order to effectively implement wireless social networking, organizations that are currently dedicated to producing, managing and delivering online content need to take social media and social networking with the utmost seriousness. By ignoring the drumbeat of social networks, corporations signal a lack of understanding in regard to the future of technology. After all, social media and social networking are going to go away. The early adopters have already incorporated these technologies into their business models, and it's time for the rest of us to wake up and start letting our users connect to one another on their own terms and via whatever devices they so desire.

March 25, 2008

Have You Visited a Virtual Tradeshow Yet?

exhib_hall_225x147.jpg Ziff Davis Enterprise Virtual Tradeshows are 1-2 day live events that bring analysts, consultants, research firms, business decision-makers and vendors together in a virtual environment where they can learn about and discuss enterprise technology. In addition to expert speakers, live presentations and virtual "booths" staffed with vendor representatives, attendees have access to a full-service virtual environment packed with social networking and research tools.

Part of what makes these events so compelling - for both vendors and IT buyers - is the interactive nature of Virtual Tradeshows. When signing up for a show, you can create a personalized profile, upload an avatar and have your data transfered to a "Vcard" (a virtual business card). Once inside the event, you can reach out to vendors through their booths, network with other attendees in the Virtual Lounge, and chat with Ziff Davis Enterprise representatives at the Help Desk.

Each VTS is packed with resources to help you learn more about the specific topics being presented. You can add research materials to your virtual Briefcase, view live or archived webinars, or watch keynote addresses by industry experts. Because the focus of these events is on educating users, there are links to vendor websites and forums where you can further discuss the technologies being presented.

By presenting so much information via this virtual platform, Ziff Davis Enterprise has placed the user at the center of an educational, interactive experience. And with so many ways to reach out to vendors, industry experts and other interested users, you are given a chance to truly investigate new technologies in these pressure-free, collaborative learning environments.

To see the full list of Ziff Davis Enterprise Virtual Tradeshows, click here.

March 18, 2008

Engage and Re-Engage Users via Behavioral Targeting

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Behavioral targeting has a bad reputation - there is a common perception that once marketers have your personal information, they know everything there is to know about you, and will use it to intrude upon your privacy. For reputable online marketers however, the use of personal data for marketing purposes is much more focused, and, when applied correctly, actually respects user privacy by only sending messages targeted to their needs.

By signing up for or subscribing to an eNewsletter or website, users "opt-in" to receive marketing materials and thereby give marketers permission to send communications directly to their inboxes. When marketers take this data a step further, and analyze their users' engagement with their content, they are looking at information to which they already have access. Once user behaviors have been analyzed, marketers are able to send targeted messages to those users who have expressed an interest in very specific topics, instead of marketing the same materials to their entire subscriber lists.

When marketers have the capability to track how, and how often, their users are engaging with their content, they can use that data to segment, and further segment their users into niche groups. This kind of data - how often a user has downloaded a white paper, whether they've participated in an online forum, or the fact that they only watch the first 20 minutes of webinars - is useless when taken out of context. But by examining this kind of data to anticipate their users' needs, it becomes a powerful tool in determining which materials will help users move through their buying processes quickly.

According to Phil Leggiere's post, BT and Lead Generation, in the MediaPost's Behavioral Insider blog, this kind of targeting can bring real value to users. He cites the Amazon and Netflix implementation of behavior targeting as examples of behavioral targeting done well. When looked at from this perspective, it seems logical to think that when marketers start paying attention to their users' movements online, they are better able to respond to their users' needs in real-time and give their users what they want.

February 14, 2008

IT Marketing and the Economy

financial_resized.jpg Are you concerned about the current state of the US economy and how an economic downturn will affect your business? Have you wondered what will happen if businesses across the country scale back or cancel big-ticket IT purchases because they fear an impending recession? With the Federal Reserve Bank's recent rate cuts, the continual decline of the NYSE and NASDAQ, it's easy to see why so many people are concerned about entering a recession. At the same time, it's important to stay positive, hope for the best, but as always, plan for the worst.

While business remains strong in this first quarter of 2008, it is clear that more and more IT marketers are concerned about the effects of a recession on the overall industry. In reading through my weekly line-up of marketing Websites and blogs, I stumbled upon a few resources that address the economy and its impact on IT marketing and thought it might be useful to present them here.

In his February 6 white paper, Strategies For Interactive Marketing In A Recession, Forrester Research's Josh Bernoff addresses the impact of an economic downturn on interactive marketing initiatives. According to Bernoff, the inherent nature of interactive marketing makes it a relatively safe place to invest, even with a looming recession. Interactive marketing applications tend to be inexpensive to build and maintain, and traffic is driven via user interaction and word-of-mouth. These unique aspects of interactive marketing programs make them affordable to build, implement and maintain, and they provide a high return-on-investment. Read Bernoff's paper here and find out if including more social media and interactive marketing strategies in your 2008 marketing campaigns could actually be the more cost-effective way of doing business.

In this free podcast, The Economy and IT Initiatives, the Burton Group outlines what enterprises learned through strategic planning during the last economic down-turn in the scope of data center management, security initiatives, and identity management projects. If you are concerned about the economic impact of a recession on IT buying in the enterprise, listen to this informed account of how organizations respond to down-turns. This podcast is available on the Burton Group site through February 28.

BtoB Online is also offering free webinar titled How Marketers are Planning & Budgeting for 2008. Scheduled to air on February 28, this webinar will address the following:

• How marketers are measuring success in 2008;
• Where marketers are spending their online budgets; and
• What marketers think about current economic conditions, and how these are affecting their plans and budget.

The good news, according to the 2008 Marketing Priorities and Plans survey (BtoB Online), is that in 2008, B2B marketers plan to increase their overall marketing budgets.

-BH

January 23, 2008

What is Engagement Marketing?

According to Wikipedia, Engagement Marketing campaigns elicit consumer participation in the evolution of a brand, and stimulate users to be actively involved in the production and co-creation of marketing programs. By encouraging the consumer to act and comment on your blog, submit a product review to your site, chat with your online sales team or join your web-based community, you stimulate the consumer's desire to participate in your marketing programs.

Once your consumers are participating in your marketing programs, they begin to feel more connected to your company and often remain loyally involved with your brand. A great example of engagement marketing can be seen in the popular Fox TV show American Idol. By asking audience members and at-home viewers to vote each week for their favorite contestants, the show has created an engaged audience that feels connected to the contestants and keeps tuning in to find out if "their" contestants are going to win.

Online social networks such as MySpace, Facebook and LinkedIn also illustrate successful engagement marketing initiatives. In order to be a part of these networks, users must take the initiative to sign-up, create detailed profiles, and connect with friends, co-workers or other like-minded individuals. Once a user is part of these communities, they have opportunities to write blogs, upload photos, join niche-communities, share recommendations, and keep building their networks. And while social networking communities differ from traditional marketing ventures (in that users tend to join for networking or entertainment purposes as opposed to joining for educational reasons like they do with sites such as the Web Buyer's Guide), they still receive and respond to marketing messages while engaged with the sites.

In order to attract and retain customers, IT marketers need to reach out and offer more ways for their users to actively participate in their marketing efforts. While not all IT marketing efforts need to include Engagement Marketing strategies to be successful, there is a need to create more options that allow users to meaningfully connect with your brand, and engage with your message while they educate themselves about your products and services.

Check out what IBM is doing to engage their users on their "Executive Interaction Channel" that is part of the widely publicized IBM Innovation campaign.