May

Microsoft AI products

                                                 

Microsoft product strategy has always been and still remains that of ‘zero alternative’. Their ultimate policy is for their customers to have no choice but to embrace only Microsoft products. Consequently they created and are offering products and solutions in (almost) every segment of IT enterprise and consumer market, including, but certainly not limited to, their own data base, their own cloud services, operating system, office tools, programming language, and many more.

Not only do Microsoft offer wide variety of products, they tie them up together in a unified ecosystem that makes it easy for components to connect and interact. At the same time, this ecosystem is hostile to non-Microsoft products.

Microsoft strategy for the burgeoning, fast growing AI segment is similar:

Create products to address all parts of the AI market, add them to the ecosystem to ensure easy compatibility from within and difficulty of use from outside.

Currently the products on offer are:

- Microsoft AI engine, called LUIS. It is supposed to compete with other major industrial AI systems such as IBM Watson, and has similar training methodology. It offers webhook interfacing via endpoints.  

- Microsoft chatbot building platform, called, surprisingly, Microsoft Bot Platform. It addresses the popular demand for easy chatbot design and provides seamless connectivity with main user interfaces, such as web interface, SMS, mobile, and messaging platforms.

- In addition Microsoft offers their own messaging platform in Skype.

The main advantage of  using Microsoft AI products is the built-in connectivity with user interfaces.

The main disadvantage is in their ‘zero alternative’ policy - once you’ve chosen a Microsoft product you are likely will be forced to choose only Microsoft products for the duration of your project.

 

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nmodes Is Helping Businesses to Succeed

                                                           

With the launch of the new dashboard nmodes is helping businesses to drive traffic and grow sales.

For example, One of our clients needed to increase traffic to their website while at the same time improve the conversion rate. In other words, they wanted to see more quality traffic.

The client made a concentrated effort on social media, however they were having difficulties in finding the target audience - traditional keywords search resulted in too much noise and did not produce desired outcome.

nmodes dashboard simplified this client’s engagement process. We created a dedicated stream that accurately addressed their targeted audience.  nmodes dashboard is actionable, so their engagement became easy. nmodes technology identifies potential customers accurately, and so their engagement became efficient.

As a result, the click thru rate rose up to 65%, traffic quality improved by 25%, and conversion increased to 6-8%

Another client relied heavily on mainstream dashboards (such as Hootsuite) These tools do not do a good job finding relevant conversations, in the process producing too much noise and forcing client’s community managers to spend long hours manually identifying these relevant conversations. The client manages multiple social account and this type of manual labour was impeding the business, both in terms of costs and efficiency.

nmodes produces highly accurate results in finding relevant conversations that do not require manual clean up. The client started using nmodes solution, and immediately freed a substantial amount of hours which enabled them to consecrate on servicing their customers and acquiring new ones.

 

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Social Strategy for B2B Companies

                                                 

I am regularly approached by businesses that sell to other businesses to help them market and promote their brand on social networks.

And so I noticed that some of them have a vague idea of how social media works and the sustainability it offers. They often see social marketing as yet another way to advertise and sell their products, in the same manner they are accustomed to do on traditional marketing mediums. Not surprisingly it usually results in frustration.

While I saw companies successfully sell on social, they are typically limited to mass consumer oriented B2C verticals, such as fashion and apparel, travel and hospitality. There is a segment of online shoppers, sometimes called ‘impulse shoppers’, that makes purchases straight off the Twitter timeline, yet the majority of us go to social networks for different reasons. Certainly no one is buying an insurance policy, or a house, or a CRM solution there.

The success of social media and its importance for business is in its unique ability to build trust.

For B2B, as well as for the majority of consumer-oriented businesses, this is where the real value of social marketing lies. A more detailed discussion here

And so that means approaching social media strategically.  First know precisely why you want to engage, understand clearly how it will help you grow the business. Then, if you are convinced of social media’s importance for the success of your business, start taking practical steps.  Obviously very company is different, but here are some observations that are pretty generic:

- Plan long-term. Don’t expect results after one month. Not even after two months.

- Do not do social media just because ‘everybody’ is doing it.  When people have strategy their choice is between social tools X or Y or Z. It typically comes early in the conversation. And when people say ‘I’ll try it for a month and see if it brings results’ or ‘I want to see how my friend/my competitor is making out before deciding’ it usually indicates a lack of strategy, because it implies a choice between tool X and doing nothing. In that case, better do nothing.  

- Social media does not substitute sales. It is however one of the most efficient ways to grow sales Here is a good explaination

Social media’s importance for B2B business is increasing. More and more owners and executives are inquiring how they can succeed in the new environment. As usual, the earlier you start the better are the chances.

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