If you’re playing buzzword bingo, be sure to keep an eye out for “big data.” Here are my tops reads for this week:
How Big Data Became So Big
Many CMOs and other high-level marketing executives are afraid of big data. The opportunities, however, outweigh the challenges. Data can help improve decision-making, according to the New York Times, which can only be a good thing in corporate environments where it’s too often the loudest voice in the room (and biggest title) that carries the day.
Behind The Brand: Citi’s Digital-Marketing Game Plan
In this article, Forbes talks about how Citi’s shift in marketing strategy is helping it build better relationships with consumers. The point: Marketers that aren’t using big data to guide their marketing will be left behind in a couple of years.
Why Customer Experience Is The Only Thing That Matters
Continuing on this theme of big data and the effect it has on brands, Fast Company talks about customer experience. Big data could help guide the customer experience, in terms of features and functionality that customers prefer. At the end of the day, it’s not how many Facebook fans you have or how funny your television spots are. A good experience is what’s going to seal the deal and get you a sale.
Facebook tests another mobile ad format
Although this story by Internet Retailer discusses only Facebook, it is evidence of a bigger issue going on in the industry: The mobile revenue gap is a big challenge. Publishers are grappling with figuring out a way to monetize mobile, just like Facebook. With some publishers now claiming that almost 20 percent of their site traffic is coming from mobile, now’s the time to figure out how to monetize. Because when we get to 50 percent of total site traffic coming from mobile, that’s when the publishing industry is really in trouble.
Google, Isis put aside competition in mobile payments to drive adoption
As Mobile Commerce Daily reports, everyone initially thought that NFC would dominate mobile payments. But the technology is taking way too long to catch on, and other payment options, like Square, are being accepted by both merchants and consumers.
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AI platforms like ChatGPT and Google AI Mode are driving more search activity. Some publishers are gaining visibility — but not traffic.
AI royalties for small and midsize publishers: collective licensing’s next big play
Don’t credit OpenAI’s ChatGPT, credit corporate LLMs – enterprise RAG is what’s creating royalty revenue for publishers.
The Economist licenses its content to enterprise clients’ private LLMs
The Economist is among those to start licensing its content this way – having opened its API to corporate clients with their own data ring-fenced LLMs in August.