IBM, Facebook team up for personalized marketingMay 6, 2015 - 10:10 AMT PanARMENIAN.Net - IBM and Facebook are announcing a partnership to take a step closer to the personalized marketing. The partnership stems from how the companies bring complementary strengths to the lucrative business of data-fueled marketing, the NYT Bits reports. IBM’s data analytics business caters to major retailers and big consumer product brands. And Facebook, the social networking giant, does too. IBM’s data scientists do a lot of social media and sentiment analysis, but not with the vast laboratory of human behavior and preferences that Facebook has, the Bits says. “Our clients have urged us to bring Facebook into the equation because it is so important,” said Deepak Advani, general manager of IBM Commerce. “Facebook is where consumers spend a lot of their time.” Blake Chandlee, vice president of partnerships for Facebook, said, “We both want to connect people with brands. Our objectives are very much aligned. And we share quite a few major clients.” The partnership is intended to combine data that marketers have on customers — like purchase behavior, responses to a marketer’s email campaigns and call center inquiries — with Facebook data including likes, comments and complaints. IBM’s data analytics will then be used to help big brands find and communicate with more finely targeted audiences on Facebook. Mr. Chandlee called this “personalization at scale.” And the insights gleaned from analyzing Facebook and other data should also help companies better target consumers in other marketing channels, such as ads on the web and email programs. Facebook will also be the first company to join IBM’s new Commerce ThinkLab. The new lab is a collaborative setting for applied research involving teams from major consumer brands and retailers, IBM industry experts and data scientists, and teams from Facebook as well. For IBM, the Facebook partnership is the most recent alliance the enterprise technology company has forged with consumer-focused technology companies, notably Apple and Twitter. For IBM, the payoff from the partnership is intended to be more revenue for its data commerce business. For Facebook, the incentive, Chandlee said, is not more ads on Facebook but better-performing ones that can command higher rates. When it is accurate enough, personalized marketing becomes personal, which raises privacy issues. But Chandlee emphasized that while Facebook can identify people by their names and email addresses, that kind of information is stripped off before signals about consumer behavior and preferences are passed on for analysis. “Personal data never flows back and forth,” Chandlee said. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |