UPDATED 08:20 EST / DECEMBER 07 2015

NEWS

What you missed in Big Data: The customer is king

With chief marketing officers expected to outstrip the technology spending of their peers in the IT department by the 2017, it shouldn’t come as much of a surprise that vendors are paying more attention to analytics, which has emerged as one of the hottest items on the shopping list. Microsoft Corp. joined the fray last week with a new release of its hugely popular lead management platform that uses machine learning algorithms to help organizations close deals more effectively.

Dynamics CRM 2016 identifies cross-selling opportunities based on the preferences of a given prospect and presents its recommendations alongside relevant knowledge articles to help make the pitch go smoother. The functionality is powered by Microsoft’s Cortana Analytics Suite, which also enables salespeople to scour social networks for interactions that are indicative of potential deal-making opportunities and gain a better understanding of their audiences. IBM Corp. hopes to provide the same benefit for merchandise marketers with the updated version of its  e-commerce platform that rolled out in conjunction.

Commerce Insights now incorporates capabilities from the cloud-based incarnation of the Watson supercomputer to map out how different customers react to product placements in order to find areas for improvement. A consumer electronics manufacturer, for instance, could use the platform to identify states where sales underperform and offer buyers in those regions increased holiday discounts via an email promotion service like SendGrid Inc., which now facilitates such customization through newly added audience segmentation features.

The functionality rolled out on Wednesday as part of a landmark update that also introduced the ability for brands to perform A/B testing on the subject line and body of a promotion to identify the most engaging content. Campaign results can be quantified using a built-in performance analytics dashboard that tracks email opening rates, customer retention and other key metrics.

Image via Geralt 

Since you’re here …

… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.