Professional Documents
Culture Documents
Peter ACsikos
Peter ACsikos
Csikos
10 February 2009
Number of people actually using the internet for at least one hour per month (2010 Q1)
1.075.000
Planning to do e-
Vsrolte-commerce Did
online banking Online Banking Doing administrative things gyintzs Gathering information vsrls el tti tjkozds before regular shopping
0%
20%
40%
60%
80%
100%
Planned
GKINET / Association of e-commerce
Actual
Sanoma [origo]
Origo Freemail IWIW [ORIGO] TKA Videa Meglla-podsok ms szolgltatkkal ORIGOVSRLS Startlap Hotdog PROFESSION JOBMONITOR Vezess.hu Figyel net Citromail Videoplayer STARTAPRO Mobilport Wellnesscafe Hrstart N k Lapja Caf Geographic Cosmopolitan Storyonline HZIPATIKA.COM csoport TECHNET SPEEDSHOP.HU
HVG (WAZ)
Jobline Ingatlamenedzser Autmenedzser Adzna Ecoline Techline Medizna Eduline URLguru Travelline Aprnet Life & Style Zldtr Hrszerz
Holtzbrinck Networks
Randivonal.hu Brands.hu Habostorta.hu Funpic.hu Gyaloglo.hu Gumicsizma Iz.hu Lira.hu Metnet.hu NB1.hu Minimax
Allegro Hungary
Vatera.hu TeszVesz.hu Arukereso.hu Otomoto.hu
General Media
MyVIP.hu MYCLUB.HU Donna.hu DonnaLight myMAP.hu SportHRAD Olimpia.hu Nascar.hu Data.hu INGATLANOK.HU Hirposta.hu Love.hu TALALKA.HU JOJATEK.HU MultiPlay Chat.hu Mellesleg.hu Farm.Hu Postafiok.hu Fashion.hu Divat.hu BOOK.HU Freeweb.hu
Hrek Mdia
DEPO.HU Egyperces.hu Terminl CTnetwork Hrek.hu JOBINFO.HU Kpzsinfo.hu KutatCentrum Matton Images Maxima Monddmeg.hu Terminal.hu
Viala Kft.
Netpincer.hu Sportolj.hu Klikkmnia.hu Nethaj.hu
Lapcom
HASZNALTAUTO.HU Garancilis.hu SZALONAUT.HU BAZR.HU AUTBAZAR.HU INGATLANBAZAR.HU Workania.hu Delmagyar.hu Kisalfold.hu Hahu.hu
Arkon Zrt.
Ingatlan.com (B2B) Koponyeg.hu Utcakereso.hu Alaprajz.hu Linkcenter.hu Blogol.hu Telepiuleskereso.hu
Extreme Digital
EXTREMEDIGITAL.HU
Ebolt Kft.
EBOLT.HU
GRoby
Groby.hu
freedom of development
New Products
official regulations
The problem
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Market trends
Personal product recommendations are one of the TOP5 most important emerging technology priorities in e-commerce (Internet Retailer, Emerging Technology conducted by Vovici Corp, Sept 2008) 50% of online retail stores want to introduce personal recommendations (Internet Retailer, Emerging Technology conducted by Vovici Corp, Sept 2008) 40% of US e-commerce sites plan to adopt customer reviews and ratings (The Kelsey Group and ConStat Inc, Local commerce monitor , Aug 2008) 77% of retail executives said that online behavior tracking is the most promising website technology for online customer engagement (Retail Systems Research, Playing Well with Others: eCommerce s Evolving Role in the Customer Experience , Aug 2008) 76% of US e-commerce executives said the personalized recommendation may or definitely increase loyalty (The Executive Guide to Captivating Customers, June 2008) Social shopping sites and collaborative technologies are deemed currently as leading shopping innovations and expected to be widespread by 2015 (US household shoppers prediction) (TNS Retail Forward, New Future in Store , May 2008)
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WHAT IT DOES?
Recommender logic
Data collection and processing Relevance & preference ordering Display recommendations Self-learning & improving capabilities
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THE RECOMMENDATIONS
Customer is looking for a product
Receive tips:
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Did not offer really personalized recommendations for each and every user
Not personalized
Only based on part of the available information Low customer retention (if any)
Minimal revenue increase Lower conversion rate Increase of customer satisfaction is questionnable 3
Gravity & The Ensemble Team has been able to improve Netflix recommendation system by 10.1%
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VISITOR BEHAVIOR
PRODUCT DETAILS
HISTORICAL DATA
Geography Visitors s Past Searches Past Shopping Behavior Aggregated Past Behavior etc.
SESSION STATS
Type of URL Page Refer URL Broadband Speed IP Address etc.
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BENEFITS
User
Service provider
Receives personalized services Faster product search Easier product and content discovery, find such products he/she wasn t aware
Higher sales per visit Increased time spent on site value More non-best-selling (long tail) products sold Strenghtened loyalty and stickyness Decreased churn rate
GRAVITY RECO
Gravity Reco is a presonalization solution that continuously tracks and learns user behavior and recommends the most relevant items to the client at any given time. Gravity s recommendations don t just pull matches expected by anyone but our highly sophisticated algorithms dig deeper to delight the customer and to offer products that are more lucrative for the provider.
Gravity Reco
Key features:
Custom tailored to fit your exact needs Real-time No limitations on collecting data Proactive & accurate Fully customizable business & merchandising rules
Benefits:
boosted sales more cross- and up-selling more returning customers better conversion
Pilot environment
All users are divided into two statistically significant and equal groups (A and B) Group A receives Randivonal s own recommendation, Group B receives Gravity s one Goal: improve the discovery, increase the conversion of Personal tips box
Requirement: in collaboration with Beeweeb, Gravity developed the recommendation engine for a thematic portal (Vodafone calcio). Vodafone Italia wanted to increase customer engagement and provide a unique mobile experience with the personalization feature. Solution: Gravity s recommendation engine provided personalized, football related content that is relevant to the user. It facilitates advanced content discovery of news, media and other content. Recommendations are pulled from different content types and are based on the personal preferences.
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Business benefits
Increase ad click-thru rates & conversions Increase your sales and average order size Maximize your media placements with personalized ads Increase the ROI of your ad campaigns
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