BCI Segment Intelligence

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Information about BCI Segment Intelligence
Business & Mgmt

Published on June 26, 2013

Author: thebps

Source: slideshare.net

Description

Segments, by their very nature contain groups of individuals who are similar in some ways but, inevitably, different in others.
Descriptors describe general characteristics of the group designed to help targeting but tend to hide many significant differences.
Segment Intelligence provides the ability to understand the up to date composition of segments based on accurate and robust data.

Segment IntelligenceGetting More Value from Segmentation Investment

Segments, by their very nature contain groups of individuals who are similar insome ways but, inevitably, different in others.Descriptors describe general characteristics of the group designed to help targeting but tend to hide manysignificant differences.Even at the simple level of age breakdown a segment regarded as being ‘younger’ may contain asignificant number of over 55s. Understanding the actual breakdown can reveal factors that significantlyalter the way the segment is addressed.For example; 45% of a segment described as being ‘Well off older people’ are actually under 40.How Segment Intelligence WorksSegment Intelligence provides the ability to understand the up to date composition of segments based onaccurate and robust data. We code your segments into our data and supply whatever variables you chosecoded with your segments. The segments can then be viewed by any combination of the variables toreveal both the accurate composition and much additional information.Segment Intelligence also highlights anomalies within a segmentation and provides an alert as to when arecalibration may be necessary. It also provides valuable insight as to the direction of any recalibration.© The British Population Survey September 2012

Segment Intelligence provides an accurate, up to date analysis of segments by over70 different categories of variable plus 11 different commercial segmentationmodels.It is a cost effective way of understanding not only the detailed demographic breakdown of each segment but also:• Their on line behaviour, what they do on line, purchase, finance, social networks, downloads, streaming etc• The ways they access the internet, home, mobile, work etc• Which supermarket the use and which newspapers they read• What durables they own• Their education level and work status, etc, etcWe have already undertaken a Segment Intelligence exercise for 11 different segmentations from Acorn, Cameo, Mosaic,Censation, Personicx, P2, and OAC. This means that we can analyse your segments against any combination of thesesegments to provide a detailed understanding of overlaps and differences. Basically, a segment translation tool!Adding Marketing Intelligence:• Receptivity and responcivity to 19 different Marketing Communication Channels• Intention to purchase, receipt of marketing and acceptability of marketing from 21 sectors• What promotional devices influence them to buy• Their financial mood© The British Population Survey September 2012

Segment Intelligence - Understanding more about your segments (and how tomarket to them).YourSegmentsPopulationDataUp to date segmentprofiles+Segment Translation ToolMarketingDataSegment Profiles andTranslation +: ChannelPreference, likelihood toPurchase, Influences toPurchase and FinancialConfidence.© The British Population Survey September 2012

Below are some simple examples using some commercial segmentation models:•47% of Mosaic Standard Group ‘Professional Rewards’ are married without children•41% of Acorn Standard Group ‘Hard Pressed’ own their own home (25% with a mortgage, 16% outright)•In Personicx Geo Cluster ‘Unemployment Blues’ 12.5% of the main income earners in the household are unemployed and 12% of thiscluster has at least a degree level education.•In Cameo Group ‘Affluent Home Owning Couples/Families in Larger Houses’ 19% buy Groceries on line, 13% use VOIP and 35% useSocial Networks, 15% access the internet via a mobile device and 6.5% have a Tablet PC like an iPad.•OAC (National Statistics Output Area Classification) have produced a tool which they call their ‘Grand Index’ .This takes the standardoutput from BPS Segment Intelligence and used Excel pivot tables to index all their segments by BPS variables. The ‘Grand Index’ canbe downloaded free HERE.•In terms of Marketing, taking Acorn as an example:• Prosperous Professionals are equally accepting of Mail and Email marketing• Flourishing Families are 1.35 times as accepting of Mail as opposed to Email marketing• Charity Marketing is more acceptable to Prosperous Professionals than any other group• Asian communities are the group most likely to respond to Mobile Messaging© The British Population Survey September 2012

We recently completed an exercise for Comic Relief. They wanted to have a better understanding of the actual upto date make up of their segments and how best to communicate with them.For this task we did both the basic Segment Intelligence exercise and added the marketing data.The result was that decisions could be made based on the actual, accurate composition of the segments rather thanthe segment descriptors. By linking this to their fundraiser and donor data it was then possible to create agrassroots directory which included communication channel preferences.The next stage of the project used the data to significantly extend the reach of the Sainsbury’s Sport Relief Mile2012 Integrated Campaign.A major breakthrough was that we were able to identify neighbourhood ‘hot spots’ and discover that a previouslydismissed communication channel was the way to reach influential fundraisers. This generated significant uplift inthe participation of up to 600%.A full case study on the project was presented at the DMA ‘Go Integrated’ conference in April 2012 and it won theInstitute of Fundraising ‘Driving Strategy’ Award for 2012 and the Marketing Week Data Strategy Award in 2013.Further details are available by contacting stevea@thebps.co.uk.A Case Study:© The British Population Survey September 2012

© The British Population Survey September 2012Data for Segment Intelligence is sourced from The British Population Survey, the largest up to date study of theBritish population.The data provides detailed information about the population, both at individual and household level withmonthly historical data back to January 2008.Data is collected in person from 6,000 to 8,000 individuals in their own homes each month (over 80,000 pa) andis structured to provide a representative sample of the population.

Web www.bcindex.co.ukEmail stevea@thebps.co.ukTel – 0203 286 1981CONTACT US© The British Population Survey September 2012

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