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As time goes on, content curated from social media coupled with intelligent listening platforms such as Brandwatch, Crimson Hexagon and Geofeedia that are feeding into cloud-based repositories that can store and annotate content with the right taxonomies, will make it increasingly easier for companies to spot trends.
Source: Geofeedia – curating Fashion Shows at the Brooklyn Navy Yard, NYC
My own point of view: certainly better image and facial recognition capabilities are needed for trendsetting discovery. But predictive analytics and annotation platforms already exist in part, and Facebook and Google have proven the merits of these capabilities.
Google’s augmented reality device, Google Glass, would be a great data collection point, for instance.
While direct observation and interaction seem to work best to collect information about what to design, social media and big data could provide some of those cues in the future. Social media has enabled transparency, authenticity and open communication in ways that no one very dreamed of, except, perhaps, the people who put Star Trek together.
But that transparency has also created responsibilities. We are moving to a place very quickly where not only do people want to know how a product was made, but also they want to know where and how it was made. Soon, people will expect to see that transparency and that will be part of the branding.
The bottom line is simple. D'Loren embraces omnichannel:
Each marketing channel has its own customer base and customer likes and dislikes. We know what our QVC customer wants because she speaks to us every day. We engage 2.5 million women for two hours every Monday night on QVC, and while she is watching she is also on her tablet, talking to us. The lifecycle of our sale is one hour, and we know exactly what she wants because she is very engaged with us.
When you get into brick and mortar sales and move into wholesale accounts it is a little more difficult because everything is coming to you filtered by a retailer, and we do not have that direct consumer relationship. In our own stores we know what she wants because she talks to us, and in our own e-commerce we're getting the feedback all the time. So we are trying to look at trends in the real world and what customers are telling us they want and interpreting it through the lens of our brand."
About the Author
For more than a decade, Marshall Sponder has influenced the development of the digital analytics field with his industry blog, WebMetricsGuru, which focuses on social media metrics and web intelligence. He is the author of Social Media Analytics and possesses considerable in-house corporate experience as a visionary at IBM and Monster, combined with contract work for Porter Novelli PR, small businesses and start-ups.
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