Smartphone Shoppers and Mobile Apps
There was an interesting article in the NZ Herald by Gill South and David Thomas this morning entitled ‘Get The Answers: Businesses can get on board with smartphone shoppers‘. It referenced the annual Mobile Life Study and quotes that this year 33% of Kiwis own smartphones, up from 24% last year, which is a massive increase in the region of 50%, but this year I think the growth will be much higher again.
The article talked about Location Based Services and mCommerce, both topics we frequently discuss and get involved with. It said that New Zealand already use advanced LBS services well ahead of most consumers around the world. This begs the question, what are you doing about it?
If you are in business in New Zealand (or Australia) I recommend you have a look through some of our blogs here about topics such as Proximity Based Marketing, Business intelligence and social networking as a starter, and then contact us. We have a wealth of experience in this area,all the underlying data you need and lots of business partners that can help you. We live and breath location, its who we are. We are local, in your time zone and have the best and most comprehensive data including maps, Points of Interest, routing, real time traffic and of course the important BIonaMAP which is now available and able to assist you in better understanding who your market is and where they live and play.
Location is the next big wave and we have invested in understanding it thoroughly.
Giving Location Based Business Intelligence to Middle Management
In the traditional corporate environment location based information about your business tends to come from the IT or GIS department. This tends to result in traditional reports based on historic requirements. They tend to be standard reports that you receive in the same way as you receive your financial reports. In New Zealand only large corporates even have access to GIS data. BAU (Business As Usual) means results as usual at best, but if someone else is working smarter, that means that they are likely to be taking business off yours.
Our BIonaMAP application changes that. There is no installation required and it is now simple for a Sales Manager, Service Manager, Product Manager, Marketing Manager and others to have access to what is going on in their business in ways they haven’t been able to before.
One of the most basic areas I have found in previous lives as a Sales Manager and as a Franchisor has been creating fair territories on a map. This traditionally involved buying a map, using a sharpie pen to create a territory and covering it in different colours of map pins. Of course as soon as you created a territory and needed to change it, it was start again and of course now your office wall is covered in holes. Now it is as simple as clicking with your mouse and your new territory has been created. Zoom in on the map to tidy it up so that you can split streets up to left and right if necessary and now you can start viewing what is going on in your business.
Any information you have about your customers in a CRM, accounting software that you can export can now be viewed on the map and you can run queries about that data and view the results straight away on the map. Examples might be profitable customers, customers who haven’t bought anything in the last month, customers who buy one product but not another, prospects who use a competitors product. You can count results and compare territories with each other with ease. Why is one territory better than another?
I wish I had browser based software like this in the past, it is just so powerful and easy. What information would you like to unlock from your business? Find out more at www.bionamap.co.nz
Banking, Finance, Location and Business Intelligence
I was just reading an article about some research from Avaya and BT about The Autonomous Customer. It reiterates a lot of inmation you already know but should perhaps be reminded of.
- 60% of respondents said they change their contact channel with brands based on context, i.e. where they are and what they are doing.
- 51%, the autonomous customers, cut organisations out of the loop altogether but trust the advice of unknown others on forums, review sites etc.
- 46% regard customer loyalty as a thing of the past
I found this research through an article at thewherebusiness.com which discussed research about how people are managing their money. Where they bank, how they decide to borrow money and the influence in location on those factors. It makes for interesting reading and whilst New Zealand is a small country and has few banks, one element that shone through with high relevance was the willingness of people to share their location with their bank or credit card company.
The relevance for New Zealand of course is that 4 Canadian people have just been arrested for putting skimmers (devices that copy the information from the magnetic stripe on your credit or EFTPOS card) and subsequently allowing people to draw money from at least 60 people’s accounts over Easter 2012 from ATM machines in Canada. The story says that these skimmers had apparently been installed in Parnell, Ponsonby, Orewa, Takapuna and Howick and allowed the theft of account information from at least 500 people.
If the banks embraced location based technology with Smartphones (before Google Wallet, Paypal or a telco takes over m-commerce) people who allow their banks to know where they are through their mobile could be protected. Effectively if the bank knows I am in New Zealand, then I am unlikely to be in a position to withdraw money from an ATM in Canada with my card.
Of course there is a lot more gold (pardon the pun) in location based intelligence for banks. Banks probably all have a GIS person on board who has the ability to prepare reports for Business Analysts to make decisions about where to put branches, based on where their customers live, work and play. However, the problem with GIS is that unless you have personal access to it in real time and can do modelling with ease (requiring software and skills) and without long delays or having to wait for someone else to run queries on what they think you asked for, it can easily end up in the too hard basket.
In today’s world where a large percentage of people do not carry cash, but want to borrow and spend money, finance houses and banks need tools like BIonaMAP to be able to understand what their customers are doing and where. Tools that are secure, but can be accessed via a web browser within the intranet can allow the modern banker to stay a step ahead of their competitors. If you can’t assume loyalty, you need to understand your clients and their needs and be ready to adapt quickly.
According to this 3 News Story today, Credit Card Fraud Proceeds Surpass the Drug Trade. That must be a good motivator for banks to start talking to location based service companies like GeoSmart.
According to this Australian story from Today Tonight, it takes just 60 seconds for someone to convert a retail EFTPOS terminal to steal information from all of the cards that are swiped through it and the customers would have no idea their identities had been stolen. What does this cost the industry and what stress does this cause to consumers? BAU Business As Usual can’t be the way forward for the finance industry. I’m sure we don’t want to go back to carrying cash. Would you be happy to let the banking system know where you are so that they can confirm that the person using your card is you?
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