It Only Takes Seconds to Lose a Customer Without Real-Time Information

Getting the right information on demand is an eternal problem of today’s knowledge workers, and will only grow. Lack of knowledge causes a delay in decision-making, and ultimately leads to bad decisions. This is the essence of the Two-Second Advantage, where a little knowledge in the correct context at the correct time is much more useful than all of the pertinent knowledge if it is too late to act upon.

Nowhere is this more true than retail where an immediate and succinct answer to a customer’s question is essential. Not reacting to a customer leads inevitably to dissatisfaction. Answering a customer question incorrectly can also lead to a potential revenue hit when the customer returns a product due to lack of information.

Cleanup in Aisle Two

Here is an example of the environment that exists in many retail stores: a store manager walks up to the shelf in his store and needs more information about the product in front of him. In the old world, he would write a number on the back of hand with his pen and go back to the dirty, smelly office in the back, log on to some application (or likely several), type in that number and get the information that would allow him to make a decision. [Read more...]

Why Smartphone Apps are Necessary for the Best Possible Customer Service

My recent family vacation was fantastic on all fronts. My wife and I, along with our three teenagers, enjoyed the week together, yet were anxious to be heading home. My boys wanted to make it home to watch the big game specifically, but everyone was starting to get hungry. We knew the refrigerator was empty at home, but were tired of eating out from the week away. We wanted something good, fast, and we could all enjoy together — not an easy order to fill.

Guaranteed in Real Time or Less

As my wife was driving, I pulled out my iPhone and opened the app of our favorite pizza chain. I was extremely happy to see I had accumulated enough loyalty points for two free pizzas. Each of us has different tastes, my boys wanted meat, but my daughter and wife gravitate to vegetables. I was able to divide the pizzas right on the app so everyone got their favorite combination of toppings. My wife reminded me we needed drinks, so I easily added soda to the order, along with a dessert pizza, and bread sticks. The app had my credit card remembered, making the process even more painless considering I was in a car.

Twenty minutes later, we pulled up to the local pizza franchise where I knew the order was done and correct since I had received a confirmation email on my phone. Since I knew the company used an enterprise messaging service (EMS), I was even more confident our order was actually ready at that time, and they weren’t predicting to account for latency.

The Frank Sinatra of Technology

I relayed this same story to the VP of IT at that pizza company several weeks later. He was rightfully proud of his company’s IT accomplishments and how the right, reliable messaging solution enabled a loyal customer to be even happier with the brand.

We discussed how remarkable their customer service has become through IT and technology. I had entered two custom ordered pizzas into my phone as we were driving down the highway. The order went to headquarters and immediately was routed via their messaging to the right franchisee. The cooks at my desired location had the order within seconds of my phone pressing enter and starting to make the custom pizza to my specifications. Without waiting a second in the store when I picked up the order, in the immortal words of Frank Sinatra, I had it my way.

This could be a case study in how an enterprise can gain the Two-Second Advantage. The pizza company had a competitive advantage in getting our dinner purchase because their systems were integrated to provide me with a customer experience that will keep me coming back. Their product is good, but more importantly their systems and easy-to-use and reliable with no added hassles.I knew I could count on them to give me an excellent custom pizza on time, without mistakes. This is the essence of competitive advantage – letting the customer have it their way in such a convenient method that I am not just a happy and satisfied customer, but a fan for life.

Frustrated With Your Shopping Experience? It Doesn’t Have to Be this Way.

I admit it, I hate shopping. When my wife hands me a list for the grocery store I am convinced she is trying to punish me for some past transgression. I know better than to argue with her though, so I dutifully head to the store.

I think most of my gray hair comes from all these trips to the grocery. I have been doing these shopping trips for a long time and it used to be worse. I used to go to the grocery store with a handwritten list and without a cell phone (yes, I am that old).

Paper Shopping Lists?

The list would say things like “2 cans green beans.” You would think that would be easy to find, but if you’re also shopping challenged, you understand the difficulty. In the canned vegetables aisle, there are 83 different kinds of green beans. I used to choose whichever can of green bean I thought my wife wanted and pray I was close enough. Now, I stand in front of the green beans and I text her, “Which brand and cut of green beans and what kind of sauce do you want?” She texts me the answer and I go to the next item. [Read more...]

56 Billion Reasons Why You Need the Two-Second Advantage

zara-first-post2The story goes that a motor bike roars up to a red traffic light in La Coruna in Northern Spain. It stops alongside a black town car. From inside, the passenger glances out and sees the young biker leaning over the handlebars. His jean jacket has appliqued patches… a throwback to the 1970s. The old man grabs his phone and calls an aide in the office. Without taking his eyes off the jacket, he describes the jacket’s stitching, its shape and color. He finished the call with a single instruction – ¡Hacedlo!“ – Make it.

40 years ago, Amancio Ortega founded Zara on two key principles: give the customers what they want and give it to them faster than anyone else. As the story illustrates even today, those two key principles are at the heart of Zara, the world’s biggest fashion retailer.

Zara stores refresh their stock twice a week and receive orders in 48 hours or less. That has required some key organizational and supply chain decisions. “We never go to fashion shows,” says Loreta Garcia, a 23-year Zara veteran who heads up Zara Woman’s trends department. “We track bloggers and listen to customers, but we change our opinions all the time,” she says. “What seems great today, in two weeks is the worst idea ever.” [Read more...]

Super Bowl-bound 49ers Make Game-time Decisions On and Off the Field

Roger CraigThree-time 49ers Super Bowl champion, four-time Pro Bowl player, First-Team All-Pro and NFL’s Offensive Player of the Year in 1988 – running back Roger Craig knows the importance of being able to make real-time decisions on and off the field. In that 1988 season, he rushed for a career-high 1,502 yards, made 76 receptions and scored double-digit touchdowns.

Three years earlier, in 1985, he led the NFL in receptions, a feat that had never been accomplished before by a running back. That same year he was also the first player in league history to record 1,000 rushing and 1,000 receiving yards in the same season. How did he do it? By understanding, anticipating, and acting on plays and events just moments before they occurred – to score the winning touchdown.

“My belief in the two-second advantage grows constantly stronger because I witness its success, both on and off the field. Training HARD in the off-season gave me my two-second advantage with the 49ers. When my opponents got weaker as the game and the season wore on, I just got stronger. My body wouldn’t get tired because my mind was strong. This strength was stored in my mental database and was impossible to erase. The team this year will have success if they believe in the Harbaugh system. They need to study the Ravens, know their assignment, know their alignment and execute. That will be their two-second advantage. It’s going to be a great game.”

- Roger Craig, Three-time Super Bowl Champion, and TIBCO VP of Business Development  [Read more...]

Is It A Good Time To Start A Company?

Did you know that 16 of the 30 companies that make up the current Dow Jones Industrial Average started in a recession? With potential customers thinking outside the box, plenty of affordable talent, and more cost-conscious buyers focusing on value over brand, it’s actually a good time to start a business.

TIBCO founder and CEO Vivek Ranadivé weighs in on Forbes.com.

 

 

Zipcar Shifts into High Gear Using BI Tools

 

Today, Business Intelligence (BI) tools mean much more than sifting through volumes of historical data to create reports for future planning and decision making. Businesses are moving away from after-the-fact analysis to real-time analysis of data in motion generated in the daily operations of a business. This transformation necessitates BI tools to be nimble and user friendly so that end users responsible for decision making have easy access to data and, more importantly, understanding. Data visualization designed to enable the non-technical to analyze information and quickly make business decisions like, offering a discount or approving a request, makes BI more relevant in the success of a business.

For Zipcar, a membership-based car sharing company for automobile reservations in North America, vehicle utilization is a key metric. To maximize utilization across their fleet, Zipcar must assess the performance of each car and its location individually to relocate underperforming vehicles. TIBCO Spotfire® provides Zipcar with a visual and interactive environment allowing business managers to gain greater insight into fleet utilization and member behavior.

Managers have been able to evaluate performance and set the optimal mix of pricing, membership, and fleet characteristics to extract the most value from Zipcar’s assets, which has increased Zipcar’s profit margins. Zipcar likes to say – “We are redefining the way people think about transportation.” TIBCO is happy to help Zipcar with the two-second advantage to dive into data at a moment’s notice to find and exploit new opportunities instantly.

“Spotfire brings our data to life – whether it’s finance, operations or marketing – and enables us to rapidly visualize information, draw insights and take action across our business.”- Ed Goldfinger, Zipcar CFO

Explore the full story here.

Behind the Scenes: Software Reigns Supreme

If you have not been convinced of the hype that mobility is overtaking desktop computing, consider this.  Sale of the iPhone alone has surpassed the revenue of Microsoft in its entirety.  The software giant whose big earners are Windows and Office, who has dominated and still dominates the operating system market, was overtaken by a phone.  This may seem like a nonstarter in 2012, when everyone knows how popular the iPhone is, but consider that the iPhone only began selling in June, 2007. In Q4 of last year the iPhone sold 37 million units worldwide for $24.42 billion in revenue in a market that Apple entered less than five years ago. With that in mind you probably think I’m crazy to posit that innovative software, not hardware, drives revenue, truly transforms businesses, and captures entire markets.

[Read more...]

What to Be on the Lookout for @ MWC

While we all know the coolest, trendiest stuff coming out of MWC will be the oh-so-sweet gadgets, the real muscle will be the software behind them, as always. [UPDATE: Speaking of insanely new and shiny tech gadgets, Nokia announced their new 41 megapixel camera phone compared to the iPhone 4s's 8 megapixels.] Case in point, software luminary Microsoft has ambitious plans for Windows 8, as their first OS built with mobile usability in mind from the start. With tech giants like Microsoft and Apple, whose iOS web traffic just surpassed dekstop web traffic this month, focusing serious resources on mobility — the times, they are a-changin’.  The implications of this shift in general computing habits are far reaching and touch all industries.  Software that connects all of these gadgets and makes intelligible sense of browsing and usage habits can provide significant competitive advantage in any vertical.

Don’t Typically Associate Mobility with TIBCO? You Will Now!

At TIBCO, we have a long history of integrating diverse enterprise systems.  This knowledge base allows our contextual mobility approach to enable truly real-time business decisions, provide a significant competitive edge, and create the two-second advantage™.  That means getting the right information, at the right time, in the right context and to the right place, which for many business users is frequently on the go. Adding mobility to the already complicated enterprise technology mix usually only serves to compound the typical business challenges of slow implementation, under-delivered integration, and expensive maintenance costs.  However, a mobile solution needs to be seen as a possible competitive advantage rather than something to be checked off to keep up with competitors. Without fully fleshing out a mobile strategy, customers become disgruntled and IT becomes frustrated. We have successfully deployed mobile solutions in countless verticals to manage real-time information, decisions, processes, and applications in driving mobile payments, enhancing customer experience or enabling machine-to-machine (M2M) connectivity. Join us at Mobile World Congress in Hall 1.0 1C63 or virtually through our live blog to stay up to date with the hottest tech and trends in mobility. [Read more...]