SlideShare a Scribd company logo
1 of 57
Group - 2
 Tasnim Ansari Hridi – 16221009
 Syeda Mishma Shawkat - 16221019
 Md. Mehedi Hassan Bappy –
16221021
 Debanik Chakraborty - 16221025
 Syed Ishtiak Uddin Ahmed –
16221031
2
Overview
Consumers Are Showrooming and
Webrooming Your Business, Here's
What That Means and What You Can
Do About It
Columbia Business School’s global
survey on Mobile-assisted shoppers
Webrooming vs
Showrooming
ebrooming got more preference by consumers?
Strategies for Retailers
Embrace Customer Habits
How AI is Streamlining Marketing and
Sales
What is Artificial
Intelligence (AI)
CenturyLink
How AI is helping in Marketing &
Sales
RapidMining
Epson America
Consumers Are Showrooming and
Webrooming Your Business, Here's
What That Means and What You
Can Do About It
3
Mobile-Assisted Shopper
4
Columbia Business School’s global
survey on
Mobile-assisted shoppers
5
Columbia Business School’s global survey on
Mobile-assisted shoppers
♠ Surveyed 3,000
shoppers
♠ UK, USA, Canada
6
Age Distributions of M-Shoppers
40-49 years
OLD
30-39 years
OLD
<30 years
OLD50-64 years
OLD
65+ years
OLD
7
EXPLOITERS – 6.1%
“Premeditated about lower prices
58%
will showroom for free shipping
1.7x
more likely than other M-shoppers
to showroom because of online
loyalty rewards
8
Savvy's – 12.6%
“Calculating, but persuadable”
45%
have scanned a QR or Bar-code in
store
1.3x
more likely than other M-shoppers
to compare prices in stores
9
Price-Sensitive – 19.4%
“Don’t plan, but always opt for deals”
76%
can be swayed to purchase in-
with a price-matching offer
68%
can be swayed to purchase in-
store with a reward point offer
10
Experience seekers – 31.7%
“Value the best experience, not
just price”
43%
are motivated to purchase in-store
exclusive store events
1.2x
more likely than other M-Shoppers
to contribute an idea to the store
11
Traditionalist – 30.2%
“Prefer the in-store shopping
experience”
100%
have not showroomed in the past
months
1.8x
more likely than other M-Shoppers
to prefer shopping locally
What M-Shoppers Research in Stores
Price
Checking
Info and
Reviews
Call / text a
Friend or
Family
Number
Regularly Occasiona
lly
Almost
Never
13
So, Are all M-Shoppers are
Showrooming?
30%
Never
Always buy in-
store once
25%
Yes
Requires price
discounts to
deter
showrooming
45%
On the
Fence
May opt to buy
in-store despite
cheaper online.
Show
rooming
14
“
Showrooming is when a shopper visits a
store to check out a product but then
purchases the product online from home.
This occurs because, while many people still
prefer seeing and touching the merchandise
they buy, many items are available at lower
prices through online vendors”
15
Web
rooming
16
“
Webrooming is the opposite behavior to
'showrooming. Webrooming, is when
consumers research products online
before going into the store for a final
evaluation and purchase.”
17
Webroom
vs
Showroom
USA
Customers
/
Consumers
18
69% of
people
webroom
46%
showroom
19
How Webrooming got more preference by consumers?
 Online retailers understanding the importance of omni-channel selling,
resulting in the adoption of an ecommerce storefront.
 Focused on providing a better in-store customer experience.
 Knowledgable sales staff
 In-store pick-ups of online orders; In-store Wi-Fi.
 Smartphone discounts nudging shoppers to buy in-store.
20
What makes customers want to come in-store to make or
complete a purchase?
47% don't want to pay for shipping.
23% didn't want to wait for the product to delivered.
46% like to go to a store to touch and feel a product before
they buy.
36% will ask the store to price match a better price found
online.
Strategies For
Retailers
21
⊙ According to a global survey,60% customers
believe that multiple retail channels including
web, social, mobile, and physical retail will be
the norm for most stores.
⊙ 56%of the respondents said they would
spend more money at physical retail stores if
1.
Go Omni-
Channel
22
2.
Engage
Customers
with Great
Service and
Incentives
⊙A poll in 2012 indicated that 69% of its
respondents thought in-store purchases were
"most reliable," and 68% said it was the
"easiest" and the "most convenient" way to
shop.
⊙Retailers can take advantage of this by
increasing interaction between sales staff and
customers and making it easier than ever to 23
24
Actions that make In-store purchases more likely
3.
Engage
Shopper’s
Opinions
⊙23% already post updates to a social
media service while in-store while 19%
checked in with a location-based service
Foursquare.
⊙Retailers can ask customers to like their
Facebook page, take a photo with their
product and tag it with a branded hashtag
Instagram, or share their purchases on
25
26
Interest in Conducting Various Mobile Activities
4.
The right
information
27
60%
Helpful
Online
reviews
52%
Additional
Product
information
55%
Advice from
someone the
customer
may know
The right information makes the
customer more likely to purchase in
store
5.
Loyalty
Program
55%
customers are
willing to join
loyalty program
in order to get
some special
offers
28
As a member of
loyalty program,
customer are 48%
more likely to buy
in store, even in
lower price in
online
Embrace
Customer
Habits
29
“
We all know that consumer shopping habits
are changing, that they’re equipped with
smartphones, using online reviews to form
their opinions, and have preferences for what
kind of products they purchase online
30
“
Consumers will continue to evolve alongside
technology, it is high time that businesses
to evolve and understand the fact that in
order to stay competitive, relevant, and
most importantly, profitable, they have to
keep up.
31
How AI Is
Streamlining
Marketing and
Sale
What is
Artificial
Intelligence
The Theory & Development of
computer systems able to perform
tasks normally requiring human
intelligence, such as visual
perception, communication, speech
recognition, decision-making, and
33
“ Artificial Intelligence is likely
to be either the best or worst
to happen to mankind.
Stephen Hawking
34
AI as per Alan
Turing
Can make you believe that
you are interacting with
another person
Imitate Human Response so
well
35
Science Fiction
Movies made
on AI
36
CenturyLink
37
CenturyLink ⊙ American Telecommunication
Company
⊙ Headquarter: Monroe, Louisiana
⊙Provides communications and data
services
⊙ Member of S&P 500 Index & Fortune
38
CenturyLink
Global
Service
39
What
CenturyLink
does
⊙ Collects thousands of sales leads
from the businesses it serves
⊙ Interacts with them in the intimate,
personal manner
⊙Pursues those lead efficiently
⊙ Converts & Upsells a larger portions
of Hot leads 40
Introducing Angie
An AI powered sales assistant made by
Conversica to identify the hot leads
41Year- 2016
What
Angie
Does
⊙ Sends about 30,000 email per month
⊙ Interprets the responses to determine who
is a hot lead
⊙ Sets the appointment for the appropriate
salesperson
42
What
Angie
Does
⊙ The potential customer gets a prompt and
helpful outreach
⊙ Saves time of Representatives
⊙Routes Right lead to the Right
representative
⊙Send the incomprehensible response to
her manager
43
“
44
The company has approximately 1,600 sales
people, and the Angie pilot started with four of
them. That number soon rose to 20, and
continues to grow today.
Scott Berns,
The Director of Marketing
Operations
The
Advancement
of
Angie
&
CenturyLink
Now, 40
Hot Leads
Per Week
Initially,
25 Hot
Leads Per
Week
Earned
$20 for
every 1
dollar
spending
45
RapidMiner
Provides an analytical tool
for data scientists
Wentworth, CMO
46
Problems
47
• RapidMiner offers free trials
• It was struggling to serve the approximately 60,000
users each month for the free trial
• Many of the visitors are not paying anything for the
service
• The company had a popular chat feature on its site, but
its salesforce was overwhelmed.
• Had to spend a great deal of time sorting through the
chat sessions to find potential customers
48
How could Wentworth help
them in a cost-effective
way?
Drift
49
• A chat tool
• It would ask a visitor initiating a chat, “What brought
you to RapidMiner today?”
• The visitor would respond, and the Drift bot would
provide one of seven potential follow-up answers.
• The Drift bot now conducts about a thousand chats per
month.
• It resolves about two-thirds of customer inquiries;
those that it cannot, it routes to humans
• Drift is generating qualified leads for the sales team by
“⊙We’ve learned about new
use cases, and we’ve
learned about product
problems.
50
Strength of an AI agent that can elicit information like a
person, rather than an analytics tool that simply finds patterns
in the data it collects, like a machine.
Epson
America
the printer and imaging giants
51
52
Was drowning in all the
leads for the company’s
diverse line of products:
 big printers
 Projectors
 Scanners
 point of sale solutions
 industrial robots
Was getting 40,000 to
60,000 leads per year
 trade shows
 direct mail
 email marketing
 social media, print and
online advertising,
Problems
53
Whether they were good, bad, qualified or
not, they would all be turned over to
salespeople whose availability to follow
up was inconsistent.
Conversica
AI assistant
54
a lead is
passed to one
of Epson’s
partners
the AI assistant
follows up to
make sure the
customer was
satisfied
response to
that follow-
up
identifies a
new sales
opportunity
55
Present Epson America
Epson’s leads are now followed up promptly and persistently until their
AI assistant gets a response
The outreach to leads takes 6-8 times and so Conversica is a true force
multiplier for the sales team
51% 240% 75%
Official response rate increase from the
baseline established
increase in qualified leads
56
Better way to
learn about
your leads.
Streamline data
analysis &
Convert more
leads
Customer Satisfaction
Eliminating manual tasks
Enhancing search
How AI Helps in Marketing and Sales
Thank
You
57

More Related Content

What's hot

Individual Primary Data Project
Individual Primary Data ProjectIndividual Primary Data Project
Individual Primary Data Project
Ellie Long
 
Enabling the Omni-channel Customer Experience
Enabling the Omni-channel Customer ExperienceEnabling the Omni-channel Customer Experience
Enabling the Omni-channel Customer Experience
Demandware
 
retail-insights-report-edition-2
retail-insights-report-edition-2retail-insights-report-edition-2
retail-insights-report-edition-2
Ian Sheppard
 

What's hot (20)

Steinfield
SteinfieldSteinfield
Steinfield
 
The Global Challenge to Reinvent the Last Mile in Retail: Insights From Sains...
The Global Challenge to Reinvent the Last Mile in Retail: Insights From Sains...The Global Challenge to Reinvent the Last Mile in Retail: Insights From Sains...
The Global Challenge to Reinvent the Last Mile in Retail: Insights From Sains...
 
Omni-Channel Strategy
Omni-Channel StrategyOmni-Channel Strategy
Omni-Channel Strategy
 
What Omnichannel Really Means - Forrester Webinar
What Omnichannel Really Means - Forrester WebinarWhat Omnichannel Really Means - Forrester Webinar
What Omnichannel Really Means - Forrester Webinar
 
Main takeaways from NRF 2019
Main takeaways from NRF 2019Main takeaways from NRF 2019
Main takeaways from NRF 2019
 
What makes shoppers buy? Ecommerce Survey 2014
What makes shoppers buy? Ecommerce Survey 2014What makes shoppers buy? Ecommerce Survey 2014
What makes shoppers buy? Ecommerce Survey 2014
 
A Guide for Omni-Channel Retailers
A Guide for Omni-Channel RetailersA Guide for Omni-Channel Retailers
A Guide for Omni-Channel Retailers
 
Trends 2018 eCommerce for US
Trends 2018 eCommerce for USTrends 2018 eCommerce for US
Trends 2018 eCommerce for US
 
Individual Primary Data Project
Individual Primary Data ProjectIndividual Primary Data Project
Individual Primary Data Project
 
6 Secrets to Omnichannel and Digital Success
6 Secrets to Omnichannel and Digital Success6 Secrets to Omnichannel and Digital Success
6 Secrets to Omnichannel and Digital Success
 
OmniChannel Retail
OmniChannel RetailOmniChannel Retail
OmniChannel Retail
 
Enabling the Omni-channel Customer Experience
Enabling the Omni-channel Customer ExperienceEnabling the Omni-channel Customer Experience
Enabling the Omni-channel Customer Experience
 
Global trends in online shopping
Global trends in online shoppingGlobal trends in online shopping
Global trends in online shopping
 
Mobile is the New Retail
Mobile is the New Retail      Mobile is the New Retail
Mobile is the New Retail
 
Content Jam 2014 - Lauren Freedman - Does Conversion Matter?
Content Jam 2014 - Lauren Freedman - Does Conversion Matter?Content Jam 2014 - Lauren Freedman - Does Conversion Matter?
Content Jam 2014 - Lauren Freedman - Does Conversion Matter?
 
retail-insights-report-edition-2
retail-insights-report-edition-2retail-insights-report-edition-2
retail-insights-report-edition-2
 
50 Compelling Statistics on Global eCommerce
50 Compelling Statistics on Global eCommerce  50 Compelling Statistics on Global eCommerce
50 Compelling Statistics on Global eCommerce
 
How Data Will Replace Discounting: Lessons From Uber, Point 93 and Orchard Mile
How Data Will Replace Discounting: Lessons From Uber, Point 93 and Orchard MileHow Data Will Replace Discounting: Lessons From Uber, Point 93 and Orchard Mile
How Data Will Replace Discounting: Lessons From Uber, Point 93 and Orchard Mile
 
Omnichannel
OmnichannelOmnichannel
Omnichannel
 
Criteo State of Mobile Commerce Q4 2015
Criteo State of Mobile Commerce Q4 2015Criteo State of Mobile Commerce Q4 2015
Criteo State of Mobile Commerce Q4 2015
 

Similar to Consumers Are Showrooming and Webrooming Your Business, Here's What That Means and What You Can Do About It. How AI is Streamlining Marketing and Sales

The growth of eCommerce: does it impact brand strategy?
The growth of eCommerce: does it impact  brand strategy?The growth of eCommerce: does it impact  brand strategy?
The growth of eCommerce: does it impact brand strategy?
Nurun
 
whitepaper_beacon_fashion_retail
whitepaper_beacon_fashion_retailwhitepaper_beacon_fashion_retail
whitepaper_beacon_fashion_retail
Jeff Sheldon
 

Similar to Consumers Are Showrooming and Webrooming Your Business, Here's What That Means and What You Can Do About It. How AI is Streamlining Marketing and Sales (20)

IBM Retail Omni-Channel POV
IBM Retail Omni-Channel POVIBM Retail Omni-Channel POV
IBM Retail Omni-Channel POV
 
Digital First whitepaper - FINAL FINAL
Digital First whitepaper - FINAL FINALDigital First whitepaper - FINAL FINAL
Digital First whitepaper - FINAL FINAL
 
Motarme GMIT Startup Customer Acquisition Seminar Dec 2015
Motarme GMIT Startup Customer Acquisition Seminar Dec 2015Motarme GMIT Startup Customer Acquisition Seminar Dec 2015
Motarme GMIT Startup Customer Acquisition Seminar Dec 2015
 
An Enlightened B2B Vision – The Five Pillars Of Omnichannel Nirvana
An Enlightened B2B Vision – The Five Pillars Of Omnichannel NirvanaAn Enlightened B2B Vision – The Five Pillars Of Omnichannel Nirvana
An Enlightened B2B Vision – The Five Pillars Of Omnichannel Nirvana
 
8 Essentials of B2B Marketing
8 Essentials of B2B Marketing8 Essentials of B2B Marketing
8 Essentials of B2B Marketing
 
Future of Retail-Twig Lane Group
  Future of Retail-Twig Lane Group  Future of Retail-Twig Lane Group
Future of Retail-Twig Lane Group
 
The growth of eCommerce: does it impact brand strategy?
The growth of eCommerce: does it impact  brand strategy?The growth of eCommerce: does it impact  brand strategy?
The growth of eCommerce: does it impact brand strategy?
 
11 Trends in the Future of Retail According to Brian Solis
11 Trends in the Future of Retail According to Brian Solis11 Trends in the Future of Retail According to Brian Solis
11 Trends in the Future of Retail According to Brian Solis
 
Collaboration to improve retail performance
Collaboration to improve retail performanceCollaboration to improve retail performance
Collaboration to improve retail performance
 
The connected shopper. Fallacy fad or reality?
 The connected shopper. Fallacy fad or reality? The connected shopper. Fallacy fad or reality?
The connected shopper. Fallacy fad or reality?
 
Is Omnichannel Dead? Evolving Tactics for Today's Retail
Is Omnichannel Dead? Evolving Tactics for Today's RetailIs Omnichannel Dead? Evolving Tactics for Today's Retail
Is Omnichannel Dead? Evolving Tactics for Today's Retail
 
Differentiate Instead Of Discount
Differentiate Instead Of DiscountDifferentiate Instead Of Discount
Differentiate Instead Of Discount
 
Stimulating growth internationally
Stimulating growth internationallyStimulating growth internationally
Stimulating growth internationally
 
How Tablet Mobility is Transforming the Way Retailers Engage Customers & Driv...
How Tablet Mobility is Transforming the Way Retailers Engage Customers & Driv...How Tablet Mobility is Transforming the Way Retailers Engage Customers & Driv...
How Tablet Mobility is Transforming the Way Retailers Engage Customers & Driv...
 
Find the Gaps with a Customer Experience Map CRMEvolution 2014
Find the Gaps with a Customer Experience Map CRMEvolution 2014Find the Gaps with a Customer Experience Map CRMEvolution 2014
Find the Gaps with a Customer Experience Map CRMEvolution 2014
 
Digital Transformation in Retail: A Comprehensive RoadMap (Pre-Covid, 2019)
Digital Transformation in Retail: A Comprehensive RoadMap (Pre-Covid, 2019)Digital Transformation in Retail: A Comprehensive RoadMap (Pre-Covid, 2019)
Digital Transformation in Retail: A Comprehensive RoadMap (Pre-Covid, 2019)
 
modern marketing and networking and customer relationship management.
 modern marketing and networking and customer relationship management. modern marketing and networking and customer relationship management.
modern marketing and networking and customer relationship management.
 
Finding The New Top of Funnel: In-Store Physical Retail Media
Finding The New Top of Funnel: In-Store Physical Retail MediaFinding The New Top of Funnel: In-Store Physical Retail Media
Finding The New Top of Funnel: In-Store Physical Retail Media
 
#Winning with Sitecore
#Winning with Sitecore#Winning with Sitecore
#Winning with Sitecore
 
whitepaper_beacon_fashion_retail
whitepaper_beacon_fashion_retailwhitepaper_beacon_fashion_retail
whitepaper_beacon_fashion_retail
 

More from Md. Mehadi Hassan Bappy

More from Md. Mehadi Hassan Bappy (20)

“VALUATION OF ORION PHARMA LIMITED”
“VALUATION OF ORION PHARMA LIMITED”“VALUATION OF ORION PHARMA LIMITED”
“VALUATION OF ORION PHARMA LIMITED”
 
CFA Standard 3
CFA Standard 3CFA Standard 3
CFA Standard 3
 
Valuation of BATA Shoe Company (Bangladesh) Limited
Valuation of BATA Shoe Company (Bangladesh) LimitedValuation of BATA Shoe Company (Bangladesh) Limited
Valuation of BATA Shoe Company (Bangladesh) Limited
 
Venezuela Boliver crisis, it's reasons and impact
Venezuela Boliver crisis, it's reasons and impactVenezuela Boliver crisis, it's reasons and impact
Venezuela Boliver crisis, it's reasons and impact
 
Role of Public finance in rural development
Role of Public finance in rural developmentRole of Public finance in rural development
Role of Public finance in rural development
 
Impact of Relevant Company Specific Factors on the Market Price of the Stock....
Impact of Relevant Company Specific Factors on the Market Price of the Stock....Impact of Relevant Company Specific Factors on the Market Price of the Stock....
Impact of Relevant Company Specific Factors on the Market Price of the Stock....
 
Introduction of Stock market. (Bangladesh)
Introduction of Stock market. (Bangladesh)Introduction of Stock market. (Bangladesh)
Introduction of Stock market. (Bangladesh)
 
Audit & Assurance
Audit & Assurance Audit & Assurance
Audit & Assurance
 
Impact of motivation on employee performance
Impact of motivation on employee performanceImpact of motivation on employee performance
Impact of motivation on employee performance
 
Economic Forces that affects interest rates in Bangladesh.
Economic Forces that affects interest rates in Bangladesh.Economic Forces that affects interest rates in Bangladesh.
Economic Forces that affects interest rates in Bangladesh.
 
Inventory Management of Electronic Industry
Inventory Management of Electronic IndustryInventory Management of Electronic Industry
Inventory Management of Electronic Industry
 
Human resource Management of Coca Cola Bangladesh
Human resource Management of Coca Cola BangladeshHuman resource Management of Coca Cola Bangladesh
Human resource Management of Coca Cola Bangladesh
 
Analysis on China Life Insurance Company ltd.
Analysis on China Life Insurance Company ltd.Analysis on China Life Insurance Company ltd.
Analysis on China Life Insurance Company ltd.
 
Variable costing
Variable costingVariable costing
Variable costing
 
Measure of nation's income- Limitations of GDP
Measure of nation's income- Limitations of GDPMeasure of nation's income- Limitations of GDP
Measure of nation's income- Limitations of GDP
 
Saving, Investment and the Financial system.
Saving, Investment and the Financial system.Saving, Investment and the Financial system.
Saving, Investment and the Financial system.
 
Financial Analysis of Square Pharmaceuticals Ltd.
Financial Analysis of Square Pharmaceuticals Ltd.Financial Analysis of Square Pharmaceuticals Ltd.
Financial Analysis of Square Pharmaceuticals Ltd.
 
Measure of Dispersion in statistics
Measure of Dispersion in statisticsMeasure of Dispersion in statistics
Measure of Dispersion in statistics
 
Capital Market Crisis & it's impact On Economy.
Capital Market Crisis & it's impact On Economy.Capital Market Crisis & it's impact On Economy.
Capital Market Crisis & it's impact On Economy.
 
Texting and Business
Texting and BusinessTexting and Business
Texting and Business
 

Recently uploaded

The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
 

Recently uploaded (20)

How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Dyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptxDyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptx
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Food safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfFood safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdf
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 

Consumers Are Showrooming and Webrooming Your Business, Here's What That Means and What You Can Do About It. How AI is Streamlining Marketing and Sales

  • 1. Group - 2  Tasnim Ansari Hridi – 16221009  Syeda Mishma Shawkat - 16221019  Md. Mehedi Hassan Bappy – 16221021  Debanik Chakraborty - 16221025  Syed Ishtiak Uddin Ahmed – 16221031
  • 2. 2 Overview Consumers Are Showrooming and Webrooming Your Business, Here's What That Means and What You Can Do About It Columbia Business School’s global survey on Mobile-assisted shoppers Webrooming vs Showrooming ebrooming got more preference by consumers? Strategies for Retailers Embrace Customer Habits How AI is Streamlining Marketing and Sales What is Artificial Intelligence (AI) CenturyLink How AI is helping in Marketing & Sales RapidMining Epson America
  • 3. Consumers Are Showrooming and Webrooming Your Business, Here's What That Means and What You Can Do About It 3
  • 4. Mobile-Assisted Shopper 4 Columbia Business School’s global survey on Mobile-assisted shoppers
  • 5. 5 Columbia Business School’s global survey on Mobile-assisted shoppers ♠ Surveyed 3,000 shoppers ♠ UK, USA, Canada
  • 6. 6 Age Distributions of M-Shoppers 40-49 years OLD 30-39 years OLD <30 years OLD50-64 years OLD 65+ years OLD
  • 7. 7 EXPLOITERS – 6.1% “Premeditated about lower prices 58% will showroom for free shipping 1.7x more likely than other M-shoppers to showroom because of online loyalty rewards
  • 8. 8 Savvy's – 12.6% “Calculating, but persuadable” 45% have scanned a QR or Bar-code in store 1.3x more likely than other M-shoppers to compare prices in stores
  • 9. 9 Price-Sensitive – 19.4% “Don’t plan, but always opt for deals” 76% can be swayed to purchase in- with a price-matching offer 68% can be swayed to purchase in- store with a reward point offer
  • 10. 10 Experience seekers – 31.7% “Value the best experience, not just price” 43% are motivated to purchase in-store exclusive store events 1.2x more likely than other M-Shoppers to contribute an idea to the store
  • 11. 11 Traditionalist – 30.2% “Prefer the in-store shopping experience” 100% have not showroomed in the past months 1.8x more likely than other M-Shoppers to prefer shopping locally
  • 12. What M-Shoppers Research in Stores Price Checking Info and Reviews Call / text a Friend or Family Number Regularly Occasiona lly Almost Never
  • 13. 13 So, Are all M-Shoppers are Showrooming? 30% Never Always buy in- store once 25% Yes Requires price discounts to deter showrooming 45% On the Fence May opt to buy in-store despite cheaper online.
  • 15. “ Showrooming is when a shopper visits a store to check out a product but then purchases the product online from home. This occurs because, while many people still prefer seeing and touching the merchandise they buy, many items are available at lower prices through online vendors” 15
  • 17. “ Webrooming is the opposite behavior to 'showrooming. Webrooming, is when consumers research products online before going into the store for a final evaluation and purchase.” 17
  • 19. 19 How Webrooming got more preference by consumers?  Online retailers understanding the importance of omni-channel selling, resulting in the adoption of an ecommerce storefront.  Focused on providing a better in-store customer experience.  Knowledgable sales staff  In-store pick-ups of online orders; In-store Wi-Fi.  Smartphone discounts nudging shoppers to buy in-store.
  • 20. 20 What makes customers want to come in-store to make or complete a purchase? 47% don't want to pay for shipping. 23% didn't want to wait for the product to delivered. 46% like to go to a store to touch and feel a product before they buy. 36% will ask the store to price match a better price found online.
  • 22. ⊙ According to a global survey,60% customers believe that multiple retail channels including web, social, mobile, and physical retail will be the norm for most stores. ⊙ 56%of the respondents said they would spend more money at physical retail stores if 1. Go Omni- Channel 22
  • 23. 2. Engage Customers with Great Service and Incentives ⊙A poll in 2012 indicated that 69% of its respondents thought in-store purchases were "most reliable," and 68% said it was the "easiest" and the "most convenient" way to shop. ⊙Retailers can take advantage of this by increasing interaction between sales staff and customers and making it easier than ever to 23
  • 24. 24 Actions that make In-store purchases more likely
  • 25. 3. Engage Shopper’s Opinions ⊙23% already post updates to a social media service while in-store while 19% checked in with a location-based service Foursquare. ⊙Retailers can ask customers to like their Facebook page, take a photo with their product and tag it with a branded hashtag Instagram, or share their purchases on 25
  • 26. 26 Interest in Conducting Various Mobile Activities
  • 27. 4. The right information 27 60% Helpful Online reviews 52% Additional Product information 55% Advice from someone the customer may know The right information makes the customer more likely to purchase in store
  • 28. 5. Loyalty Program 55% customers are willing to join loyalty program in order to get some special offers 28 As a member of loyalty program, customer are 48% more likely to buy in store, even in lower price in online
  • 30. “ We all know that consumer shopping habits are changing, that they’re equipped with smartphones, using online reviews to form their opinions, and have preferences for what kind of products they purchase online 30
  • 31. “ Consumers will continue to evolve alongside technology, it is high time that businesses to evolve and understand the fact that in order to stay competitive, relevant, and most importantly, profitable, they have to keep up. 31
  • 33. What is Artificial Intelligence The Theory & Development of computer systems able to perform tasks normally requiring human intelligence, such as visual perception, communication, speech recognition, decision-making, and 33
  • 34. “ Artificial Intelligence is likely to be either the best or worst to happen to mankind. Stephen Hawking 34
  • 35. AI as per Alan Turing Can make you believe that you are interacting with another person Imitate Human Response so well 35
  • 38. CenturyLink ⊙ American Telecommunication Company ⊙ Headquarter: Monroe, Louisiana ⊙Provides communications and data services ⊙ Member of S&P 500 Index & Fortune 38
  • 40. What CenturyLink does ⊙ Collects thousands of sales leads from the businesses it serves ⊙ Interacts with them in the intimate, personal manner ⊙Pursues those lead efficiently ⊙ Converts & Upsells a larger portions of Hot leads 40
  • 41. Introducing Angie An AI powered sales assistant made by Conversica to identify the hot leads 41Year- 2016
  • 42. What Angie Does ⊙ Sends about 30,000 email per month ⊙ Interprets the responses to determine who is a hot lead ⊙ Sets the appointment for the appropriate salesperson 42
  • 43. What Angie Does ⊙ The potential customer gets a prompt and helpful outreach ⊙ Saves time of Representatives ⊙Routes Right lead to the Right representative ⊙Send the incomprehensible response to her manager 43
  • 44. “ 44 The company has approximately 1,600 sales people, and the Angie pilot started with four of them. That number soon rose to 20, and continues to grow today. Scott Berns, The Director of Marketing Operations
  • 45. The Advancement of Angie & CenturyLink Now, 40 Hot Leads Per Week Initially, 25 Hot Leads Per Week Earned $20 for every 1 dollar spending 45
  • 46. RapidMiner Provides an analytical tool for data scientists Wentworth, CMO 46
  • 47. Problems 47 • RapidMiner offers free trials • It was struggling to serve the approximately 60,000 users each month for the free trial • Many of the visitors are not paying anything for the service • The company had a popular chat feature on its site, but its salesforce was overwhelmed. • Had to spend a great deal of time sorting through the chat sessions to find potential customers
  • 48. 48 How could Wentworth help them in a cost-effective way?
  • 49. Drift 49 • A chat tool • It would ask a visitor initiating a chat, “What brought you to RapidMiner today?” • The visitor would respond, and the Drift bot would provide one of seven potential follow-up answers. • The Drift bot now conducts about a thousand chats per month. • It resolves about two-thirds of customer inquiries; those that it cannot, it routes to humans • Drift is generating qualified leads for the sales team by
  • 50. “⊙We’ve learned about new use cases, and we’ve learned about product problems. 50 Strength of an AI agent that can elicit information like a person, rather than an analytics tool that simply finds patterns in the data it collects, like a machine.
  • 51. Epson America the printer and imaging giants 51
  • 52. 52 Was drowning in all the leads for the company’s diverse line of products:  big printers  Projectors  Scanners  point of sale solutions  industrial robots Was getting 40,000 to 60,000 leads per year  trade shows  direct mail  email marketing  social media, print and online advertising, Problems
  • 53. 53 Whether they were good, bad, qualified or not, they would all be turned over to salespeople whose availability to follow up was inconsistent.
  • 54. Conversica AI assistant 54 a lead is passed to one of Epson’s partners the AI assistant follows up to make sure the customer was satisfied response to that follow- up identifies a new sales opportunity
  • 55. 55 Present Epson America Epson’s leads are now followed up promptly and persistently until their AI assistant gets a response The outreach to leads takes 6-8 times and so Conversica is a true force multiplier for the sales team 51% 240% 75% Official response rate increase from the baseline established increase in qualified leads
  • 56. 56 Better way to learn about your leads. Streamline data analysis & Convert more leads Customer Satisfaction Eliminating manual tasks Enhancing search How AI Helps in Marketing and Sales