Archives for posts with tag: data

Verizon Wireless is launching a new premium ad service for advertisers. The precision marketing effort is called Verizon Selects. The goal is to allow advertisers to send customers advertisements based on the use of the internet and apps on their smartphones. The program also utilizes location data to help deliver coupons and other promotions tailored to a users interests. AT&T has a similar program in place as well.

Verizon defends the service by saying the ads will benefit the user. Before any customers jump ship, Verizon says customers will only be tracked if they opt-in to allow Big Red to track them.

From a marketing stand point, this is very useful information. Learning how people use their smartphones can help marketers understand what people do all day. Are they searching for movie times? Browsing the internet for news? Playing Angry Birds? Buying products from websites? Ultimately, advertisers and companies can take this information and make the user experience better on mobile handsets. Whether it is creating websites optimized for a 4-inch screen or creating apps that deliver a richer experience with a company.

Imagine walking into a grocery store and getting a coupon for your favorite ice cream because you favorited the item in the store’s app. While some people may think that is scary, it actually makes your shopping experience better. Try it for a little bit. See if the companies deliver a better user experience. You can always opt-out.

Obviously the fear of the information being abused is always there. That is why it is always important to understand who and what is accessing your information. Verizon and AT&T have made it easy for customers to disable the collection of proprietary network information. Click here for Verizon and here for AT&T.

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Bei Maejor is going to be the next Justin Bieber, at least according to future prediction by Shazam. The music tagging service is using the data it currently has from tags and internet hype to predict who is going to make it big in the next year. This is a more fun application of something called, Predictive Analytics.

The is nothing new. Companies and organizations have been using predictive analytics for years. The whole process is done through combining previously recorded data, watching trends, and plotting the data to see how history repeats itself and make predictions for the future.

One application for predictive analytics that has had a significant impact is in law enforcement. Police are looking at crime trends from years past to predict where crimes are going to happen in the future. CNN found the Santa Cruz Police Depart has used a predictive analytic system to monitor burglaries in the area. Thanks to the software, burglaries have dropped 19-percent over the course of a year.

The technology isn’t just used to catch criminals or predict the next Rhianna. Scientists use predictive analytics to forecast weather catastrophic like earthquakes, droughts, and hurricanes.  However the methods aren’t perfect. Six Italian scientists were jailed for the April 6th, 2009 earthquake that struck the Italian medieval city of L’Aquila and killed 308 people. The scientists were found to have been negligent for downplaying the potential of a catastrophic earthquake, due to the data showing the possibility was low.

Predictive Analytics is not a perfect science. It does not account for the variable of the unknown. However it can give us insight into what the future holds.

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