We\u2019ve seen great innovation in this regard, from \u2018hyper scale\u2019 data centers<\/a> to data warehouses and lakes, and now, open data structures, like data lakehouses. These incredible examples of data engineering, however, have only skimmed the surface in terms of the deeper issues companies face when trying to reach an always-on ‘single source of truth<\/a>,’ per Marc Benioff.<\/p>\n Getting to the heart of unifying data requires a higher-order of intelligence that involves identity, relationships and truth. This may sound like a psychoanalysis, but no. We\u2019re talking about the next generation of challenges big data will need to endure. This is true for all sectors. But how will these next-level problems manifest themselves within B2B? <\/p>\n Companies currently have heightened anxiety over the prospects of a cookieless world<\/a>. But the identity crisis B2B companies should be concerned about actually has much less to do with tracking anonymous users. <\/p>\n B2B companies shouldn\u2019t simply track the anonymous ID who clicked on a Facebook ad. They need to monitor the many ways they are engaging with people and companies, from partners to vendors and customers. So, what we\u2019re talking about in this case pertains to more fundamental B2B data around company deals, subscriptions, contacts, employees, and more. <\/p>\n Here’s what’s behind B2B\u2019s identity issues: <\/p>\n 1. B2B companies are still relying on \u201ctraditional,\u201d offline-by-nature identities (physical addresses, phone numbers, contact cards and financial profiles)that need to be aligned with the online world, including social, web and mobile identities.<\/p>\n 2. CRMs and ERPs are still the main conduit for B2B data. Those systems, however, tend to produce multiple versions of the same people or companies because they are relying on manual data inputs by multiple departments. <\/p>\n 3. To add fuel to the fire, there\u2019s a fast-growing amount of digital channels in which companies interact with their surroundings (chat, email, mobile apps, product logins, Slack channels, Zoom chats, etc.). We\u2019re left with a lot of unwanted Mickey Mouses and an exploding number of \u2018loose\u2019 identities. This not only messes with our data, but it stunts the efforts of any enterprise company to consistently engage with people. <\/p>\n 4. Finally, B2B identities are much more dynamic than B2C identities. People will change positions and jobs, new companies start and close, acquire, merge, and change at a higher and more frequent pace than ever. <\/p>\n The challenges don\u2019t stop there. The question around \u2018what is identity\u2019 will become even more undefined as the Metaverse and other virtual platforms come into play. We already have statistical measures that can solve these issues. In the world of B2B marketing, algorithms are set in place to determine which John Smith is the actual target customer. But as these identities become more complex – less physical and more virtual, with an added layer of what\u2019s real and what\u2019s fake \u2013 B2B data will require a higher order of non-deterministic AI algorithms to solve for identity resolution at scale. <\/p>\n Data is never singular. It\u2019s packed with connections, history and relationships. Just like humans are hardwired to connect with other humans, data science must be robust enough to not only identify those connections but then interpret the meaning for added context. <\/p>\n For instance, knowing that a target customer\u2019s company is owned by a larger company makes a big difference for a B2B sales and marketing team. Understanding connections between and outside of the buying team (e.g. knowing where people last worked or how they are connected with other professionals from previous careers) is invaluable as well. Explicit data about many of those relationships may be hard to acquire, but the good news is that AI algorithms can be trained to detect those relationships based on implicit hints. And, again, once machines are well trained, they can do that on an enormous scale. Data can be limited sometimes, but not the models you build off of it. <\/p>\n Uncovering B2B network relationships can become a huge asset to support data driven strategies. So much so, thought leaders<\/a> are devoting hours of discussion and complex analysis and science surrounding network analysis.<\/p>\n Online, especially across our social platforms, we are encountering a constant debate around what is true and authentic. A surplus of information also means an influx of misinformation. And with bots and easy access to blogs and content machines, studies have shown that with information increasing, the quality is decreasing<\/a>. <\/p>\n We have similar issues in the B2B data world, and we have to train machine learning to decipher the truth. When targeting potential customers, the CRM may identify Amazon as a retail company. The marketing system, however, says it\u2019s a software company. A third system says it\u2019s an IT company because of its AWS business. Multiple versions of one customer may leave you with three salespeople working separately on the same account. So, which is it? <\/p>\n Just like social media platforms are using their best data scientists to detect fake news and unreliable information in real time and on a massive scale, B2B should leverage AI to detect unreliable data that can mislead its operation. AI will be invaluable at pointing out discrepancies and suggesting which is more likely to be true, but in many cases the truth will also be subjective and require human oversight to guide the machine. We see this in the example of deducing if Amazon should be classified as a software company, or not. The right approach will be AI making predictions and humans directing the answers, and then that all feeds back into the machine to completely take over. <\/p>\n The good news is that while B2B data is encountering an entirely new level of challenges that require the deepest \u201ctherapy\u201d and attention, AI is constantly undergoing innovation to meet the demands. Our data might be limited, but the applications of AI are limitless. Only AI – paired with human guidance – will be able to solve these worsening issues for the enterprise and make our data, in essence, better<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":" Over the last 20 years, the world has come to terms with the issues that come with a surplus of data. Primarily, our focus has been on the physical challenge of acquiring and storing data, doing it in a cost-effective way and providing real-time and secured access to users. The world is \u2018on it.\u2019 We\u2019ve… <\/p>\n","protected":false},"author":1,"featured_media":13564,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[323],"tags":[],"class_list":["post-13563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-b2b-marketing"],"_links":{"self":[{"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts\/13563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13563"}],"version-history":[{"count":0,"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts\/13563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts\/13564"}],"wp:attachment":[{"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketingnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The identity crisis: Move over, anonymous customer<\/h4>\n
Relationships issues: Understanding connections through data <\/h4>\n
The truth complex: Use AI to sift through your \u2018fake news\u2019 data<\/h4>\n