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Digital Brand Strategy in A Big Data World

2018-01-31 algo



China is now one of the fastest-growing regional market in the global chocolate market due to the public’s increasing affinity for foreign chocolate brand. Our client is a popular international chocolate brand. As one of the key chocolate vendors, it expanded into the Chinese market and intended to create an online buzz for the launch of its new product on Tmall.

 

To achieve the growth target in limited time, IlluminAnalytics, a boutique under the Illuminera Group, worked out a comprehensive marketing solution driven by data by using Ali’s Uni-marketing platform; it is a platform that aggregates and analyzes the collected data for brands to better identify, target, reach and retain their customers.

 

Developing a Data Driven Marketing Platform

 

IlluminAnalytics started with conducting research to identify the demographic characteristics of existing products. The team further related consumption behavior to the brand category, and verified the hypothesis on target consumer groups. An optimized media strategy that improves consumer acquisition and retention was then developed.

 

The data driven media strategy guided the brand’s product placement in Ali platform with consideration of the following factors: priorities for various target groups, frequency of different touch points, budget and investment on the identified potential customers, and etc. Besides, as a partner of Ali’s Brand Databank, IlluminAnalytics also leveraged the accumulated data in Databank to create customer profiles of the target groups, including their lifestyles, brand preferences, tastes and etc.; the developed platform helped client understand their customers, and laid a solid foundation for a more effective brand communication.

 

Keeping Track of the Ever-changing Market

 

Meanwhile, with the availability of Uni-marketing, IlluminAnalytics helped the client to monitor its marketing activities and obtained high-quality data, e.g., ad viewership, generated interest and consumer purchasing data; in this way, the brand marketing efficiency was significantly improved.

 

Before the launch of the product, Illuminera continued to track the market performance in real time; timely adjustments were made accordingly. To engage prospects at all times, the team developed retargeting strategies and interacted with people who had already shown interest in the new product.

 

The new product launch of this brand turned out to be a great success – the sales revenue went 30% higher than expected. By combining massive data assets, businesses can identify, segment and map out digitalized brand strategies in both short run and long term.

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IQVIA (NYSE:lQV) is a leading global provider of advanced analytics, technology solutions and contract research services to the life sciences industry dedicated to delivering actionable insights. Learn more at www.iqvia.com.
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