Analytics Tool for Sales #2 – Competitor Landscape

IMG_1833Another blind spot for a lot of business leaders is knowing their competition. Most have some sense of where they stack up on price and know what the competition offers, but few put any real data and analysis behind it. They make a lot of business decisions based on personal observations and historical knowledge. Very few mystery shop or put together a competitor landscape.

Per Wikipedia, competitiveness pertains to the ability and performance of a firm, sub-sector or country to sell and supply goods and services in a given market, in relation to the ability and performance of other firms, sub-sectors or countries in the same market. You take data points on the various aspects of products and services and you visualize them to see where you rank. Based on your ranking and the variances between competitors you can have a more focused business strategy and make more data-driven decisions.

Competitive data can be gathered off the internet, by phone and in person mystery shopping and surveying your own customers. Its a very powerful piece of information to know what your own customers are buying from your competition and why. When I was at Wells Fargo, I build a competitive landscape of all the primary money transfers business and monthly updated the management team with our rankings and trends. We would often use this information to adjust pricing and launch new marketing initiatives.

Do you know who your competitors are, where they are better than you and how you stack up in your own customers minds? DMAI offers a suite of business intelligence solutions to small and medium sized business including building and maintaining a competitor landscape for your business.

Analytics Tool for Sales #1 – Demographic Profiles

philippines-outsourcing-teamOne thing that amazes me is the lack of knowledge most sales people have about their current, former and potential customers. Who are they? Where do they come from? What do they look like? What are there habits? What appeals to them? These kinds of questions are often answered by personal observation. Most business owners and leaders don’t take the time to understand the demographic data of their market and miss key opportunities all the time.

According to Wikipedia, A demographic or demographic profile is a term used in marketing and broadcasting, to describe a demographic grouping or a market segment. This typically involves age bands (as teenagers do not wish to purchase denture fixant), social class bands (as the rich may want different products than middle and lower classes and may be willing to pay more) and gender (partially because different physical attributes require different hygiene and clothing products, and partially because of the male/female mindsets).

In short, every business owner and leader should have demographic data at their fingertips so they can analyze which customers are the most profitable and what they look like. Then its a matter of developing marketing schemes to attract more of them using the underlying data. Know your market and the markets around you.

There are numerous sources of free, publically available data available online. The US Census Bureau has one of the most detail collections of demographic data ever collected. As do other US Government Entities like the Bureau of Labor Statistics and the Central Intelligence Agency. There are also numerous organizations that supply global data like the United Nations, the World Bank and the International Monetary Fund. Many countries also publish valuable data on their websites like Central Banks and Government Statistics Offices. The Philippines in particular has some pretty solid data available to use for demographic profiling.

DMAI specializes is building demographics profiles based on your customer data and the public data about the markets your operate in. Stop guessing and minimize lost opportunities by working with DMAI to get your the demographic data you need to make more data-driven decisions.

13 Months in the Philippines – Lesson 12 – April 2013 – The Wheels Come Off

Picture1Quezon City, Metro Manila, Philippines

April 2012, was a tough month. The challenge with filling training classes continued. We had three staff members depart for other opportunities. I ended a six-month engagement with my top client. It was time to switch gears again. We needed to pivot towards doing more outsourcing and consulting and less training.

One good things to come out of April, was the Social Media Analytics Workshop we held for a group of trainees for one of our clients. We discovered some pretty good talent and were able to put together a good team of analysts with a large range of analytics skills and social media savvy. There are a plethora of social media analytics tools built-in to just about every significant social media site. We also learned that the Philippines is the most social media driven country in the world. There is a higher percentage of Filipinos are online and actively using social media that with any other country.

I also continued to blog almost daily as I had learned from a good friend, is the key to monetizing your online business. You need fresh content that is relevant and engaging. You have that and you feed it to your audience on a regular basis, you can then start making a profit off it. Blogging about analytics is a key tool for analysts that’s often overlooked. Most analysts stay embedded in their silo. They focus on the data at hand and they master how to identify, inventory and integrate it. They accumulate a wealth of experience and knowledge and many are blogging about it.

However, in this case it was too little too late. Due to a series of personal and professional challenges it was time to think about what to do if revenue didn’t pick up quickly.

Analytics Tool > Analytics Blog > http://www.wordpress.com

Analytics Concept > Social Media Analytics > http://en.wikipedia.org/wiki/Social_analytics

YouTube Video > http://www.youtube.com/watch?v=JQYOmQRhzhM&feature=share&list=PL8D46F50D27222FD4

My Analytics Story – My passion is solving problems by bringing together the best talent, cutting edge technology and tried and true methodologies. DMAIPH is all about empowering people towards better Decision-Making through the use Analytics and business Intelligence. This is what I do best. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly for a free consultation about getting more analytics into your career and your business.

13 Months in the Philippines – Lesson 11 – March 2013 – Missed Opportunities

420Pasig City, Metro Manila, Philippines

March was lined up to be a very big month. We had 4 different training on the calendar as we continued to diversify our offering to get access to different types of clients and trainees. I continued to do media events and speaking engagements to push the brand. On paper the month should have led us to a very prosperous outcome and we would be well on our way to a healthy business model.

However, I underestimated a couple of things and overestimated our capabilities. This is exactly where so many small business efforts fail. Trying to do too much to soon. We did four different types of training; recruitment analytics, English for call center jobs, sales and marketing analytics and analytics for business leaders. If everything would have filled up I would have made over 100,000 PHP. But in the end I lost money on all four after costs of staff and venue were factored in. It’s the last time I did trainings without the help of a dedicated marketing partner.

I also overestimated my staff. One of my biggest weaknesses as a leader is that I tend to over trust and over challenge. I tend to treat employees as I wanted to be treated myself, but I forget they do not have the same level of experience and depth of passion I have. It sets them up for failure. And we failed miserably in our marketing, our recruiting, the quality of our product and our execution of strategy. I just got too excited and lost my discipline.

I also continued to do media events, but wasn’t capitalizing on them. Promoting myself is not easy. I can talk all day, but I forget the little things. Trinkets for the host, Shout outs to key business partners, mixing in a little Tagalog, staying on script. All valuable things that I can see now in hindsight I should have done better.

I really had uncovered a niche for training that I want to focus more on in the future. Recruitment Analytics training is something I am good at and something there is a dire need for in the Philippines.

Analytics Tool > Bullhorn > http://www.bullhorn.com

Analytics Concept > Recruitment Analytics > http://www.recruiter.com/recruitment-metrics.html

YouTube Resource > http://youtu.be/blx8IuHsmCA

Analytics in the Philippines – The Philippines is at the center of the action when it comes to solutions to the global need for analytics. Blessed with a solid foundation of young, educated and English speaking workforce, companies around the world are look for Filipino analytics talent to fill analytics positions. DMAIPH was set up to facilitate these solutions and bring the talent and the business together. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly so we can help you take advantage of this unique global opportunity.

Lesson 10 – February 2013 – The Future is Bright

What Analytics Can Do!

Mandaluyong City, Metro Manila, Philippines
In February, for the first time in ten months I made a profit. You hear that the typical new business takes a year or more to make a profit. I had been a very flexible and nimble business leader and let my business evolve as opportunities came up. It seemed like all the hard work, sacrifice and money spent has been worth it. To take a quote from my all time favorite book, The Tale of Two Cities, “It was the best of times, it was the worst of time.” It was all a matter of perspective.

I was encouraged by several things. We had our most successful training event in February making a nice profit on my first public training geared towards young professionals and entrepreneurs. We also turned a profit with my first training focused on recruitment analytics, which was my first attempt to do something besides the basic analytics intro class. We had a couple of lucrative consulting gigs in the works. I was set for several media appearances and there was a lot of buzz building on our social media sites. I had a couple of speaking engagements lined up as schools to help set up more trainings down the road. The people I had hired earlier started to get into the swing of things and for the first time I thought we had enough people to fine tune our story and tell it to the world. Basically I was executing every aspect of the business plan I had set forth back in November.

As an analyst I felt pretty good about the ROI on our trainings, we had young and hungry staff willing to work for cheap to get the experience, my revenue was diversified and we were meeting our training head count expectations. I took on another trainee to work with a client’s marketing efforts and I was doing all this without the overhead of an office. We started getting into infographics. A fairly new trend in analytics and data visualization. I found a free info graphics tool and went crazy! A picture is worth a thousand words and a good infogrpahic is worth a thousand rows of data! Hehe!

Analytics Tool > Info Graphics > http://www.infographicsarchive.com/create-infographics-and-data-visualization/

Analytics Concept > Data Visualization > http://en.wikipedia.org/wiki/Data_visualization

YouTube Resource > http://www.youtube.com/user/Piktochart

My Analytics Story – My passion is solving problems by bringing together the best talent, cutting edge technology and tried and true methodologies. DMAIPH is all about empowering people towards better Decision-Making through the use Analytics and business Intelligence. This is what I do best. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly for a free consultation about getting more analytics into your career and your business.

Lesson 9 – January 2013 – New Beginnings

139Ortigas, Metro Manila, Philippines

January 2013 got off to a great start. I set up a training, had a partnership with an events management company set up one in February, I filmed my first promotional video, and we had an official kick off party launch. I looked back at all the lessons I had learned in 2012 and focused in on two key ones; better marketing partnerships and charging more for the trainings.

There are so many important elements to a good marketing campaign. I learned a lot during my time with Wells, but hadn’t done a great job of them up till now. One thing was we needed a video. Something with me talking about analytics in away that gave people a chance to both better understand the topic and walk way feeling that I’m the best person to teach them about it. After some miscues we finally got it right. Another lesson is to have another voice be the one talking me up. We partnered with an events management company to get me in the media and put some polish on things. I guested on a number of TV and Radio shows and we started to sponsor more high profile events.

The next thing to do was reload the staff. At the end of 2012, I was down to one staff and no trainees. I decided to go all in with hiring more staff to help with the marketing and get our message out much broader then before. And with the media exposure we had content, we just needed to get it in front of as many people as possible. Based on the data available, I knew that our best bet was to train young professionals who could pay 3000 PHP for the training and then refer friends and co-workers. So that was the heart of our plan.

At the end of the month I was exactly where I wanted to be, the business had every sign of taking off and reaching the heights I had in mind.

Analytics Tool > KD Nuggets > http://www.kdnuggets.com/

Analytics Concept > Cost Benefit Analysis > http://en.wikipedia.org/wiki/Cost%E2%80%93benefit_analysis

YouTube Resource > http://youtu.be/A0rFj0WVqDQ

My Analytics Story – My passion is solving problems by bringing together the best talent, cutting edge technology and tried and true methodologies. DMAIPH is all about empowering people towards better Decision-Making through the use Analytics and business Intelligence. This is what I do best. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly for a free consultation about getting more analytics into your career and your business.

13 Months in the Philippines – Lesson 8 – December 2012 – Holidays in the Philippines

IMG_1114 Kalookan, Metro Manila, Philippines

As 2012 came to a close, things really started to slow down. I took full advantage of this to prepare of a big launch of DMAI in January. We didn’t go home for the holidays, and ended up just staying in Makati to enjoy Christmas and New Years. And boy was it memorable.

The Winter Holidays in the US start with Thanksgiving. That’s when the malls have huge sales and you start seeing Christmas lights and hearing Christmas music in the malls. However in the Philippines that starts in September. So, but December I was pretty fatigued from hearing and seeing the Christmas cheer and looking forward to finally seeing the day come and pass.

There were a couple of additional interesting lessons I learned. From the period between Christmas and just after New Years, all movies show in Manila are Filipino made films. No Hollywood blockbusters or international films. It’s both good and bad, it allows Filipinos to relish in their own productions and guarantees viewing for films that might otherwise be missed. However, they are of course all in Tagalog. I went to one and got some of it, its was a romantic comedy so most of the jokes don’t need translation, but boy wouldn’t it be nice if they had subtitles.

The other one that really stands out is the fireworks. In the US we do fireworks in a big way on July 4th. There are also some on New Years or Veterans Day or Memorial in places, but fireworks really cant be enjoyed when its cold so for the most is just Independence Day. In the Philippines in Christmas Eve, Christmas, New Year’s Eve and New Years Day. Staying on the 10th floor of a corner condo in Makati I could see fireworks all around from Pasay to Manila to Makati. Big and Small. It was amazing. And after the smoke was so thick it was like fog. It was truly amazing.

From an analytics standpoint I took away a couple of things. Know your holidays. For example, if you are an American company doing business in the Philippines know the holidays so you can keep your people happy. The second is that someone needs to do some analysis on the lost revenue of just showing Filipino films. They still make good money, but it has to be tough on the cinemas to sacrifice profit for art over a two-week period where everyone is at the malls.

Analytics Tool > Enchantment > http://www.guykawasaki.com/enchantment/

Analytics Concept > Business Partnership > http://en.wikipedia.org/wiki/Business_partnership

YouTube Resource > http://youtu.be/f66naHGTsFU

My Analytics Story – My passion is solving problems by bringing together the best talent, cutting edge technology and tried and true methodologies. DMAIPH is all about empowering people towards better Decision-Making through the use Analytics and business Intelligence. This is what I do best. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly for a free consultation about getting more analytics into your career and your business. 

13 Months in the Philippines

Updated 12/10/16…

I wrote this 4.5 years ago. As my 5 year plan to become a name brand in analytics in the Philippines comes to a close, I thought it a good time to select on the lessons of my first year. So I will repost these lessons from what seems like a lifetime a goal to see what I have truly learned from my adventures. 

After having a month of vacation, I been able to do a lot of reflecting on my 13 Months in the Philippines. My plan is to share with you some of the life lessons I learned from the experience. I had an amazing time, getting to live my professional dream and impacting hundreds of people. I also learned as many important lessons in my personal life as well. And since its an analytics blog, I will also include some analytics insights as well.

Introduction
Lesson 1 – May 2012 – Finding the Right People
Lesson 2 – June 2012 – Training is My Passion
Lesson 3 – July 2012 – Growing the Business
Lesson 4 – August 2012 – Mother Nature Strikes
Lesson 5 – September 2012 – Cracks in the Pavement
Lesson 6 – October 2012 – You Cant Go Home Again
Lesson 7 – November 2012 – Flying Solo
Lesson 8 – December 2012 – Holidays in the Philippines
Lesson 9 – January 2013 – New Beginnings
Lesson 10 – February 2013 – The Future is Bright
Lesson 11 – March 2013 – Missed Opportunities
Lesson 12 – April 2013 – The Wheels Come Off
Lesson 13 – May 2012 – Exit Plans
Epilogue

At the bottom of each blog post you will see links to various analytics tools, concepts and YouTube videos to help add more color to my experiences.

Hope you like it enough to follow along!

My Analytics Story – My passion is solving problems by bringing together the best talent, cutting edge technology and tried and true methodologies. DMAIPH is all about empowering people towards better Decision-Making through the use Analytics and business Intelligence. This is what I do best. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly for a free consultation about getting more analytics into your career and your business. 

The Current Analytics Talent Landscape in the Philippines – Updated

Updated on 10/26/16

Something I was working on for a potential client, that I thought interesting enough to share.

Here are some of the common characteristics of the three types of analytics talent you will find in the Philippines. Keep in mind that analytics is still a fairly very new concept in the Philippines, but I am convinced its primed for continued growth.

From my experience the analytics talent in the Philippines can be broken into three groups.

  1. Fresh Grads
  2. Entry Level Analysts
  3. Experienced Analysts

For the sake of comparison, I will speak mainly of analytics generalist positions like business analysts and operations analysts. More niche analytics jobs like financial analysts or quality analysts often come from different backgrounds then the bulk of the analytics talent I have worked with.

The first group of analysts are fresh grads. By and large they come from programs like IT, ComSci, Marketing, Business and other related courses. The ones with technical degrees all have some coding skills, know a few programming languages, are very comfortable with Excel and Access and have a general theoretical knowledge of databases, data warehouses and how big data is collected, stored and managed. Generally the business and marketing grads, have less technical skill, but are better prepared for the communication and data sharing side of analytics.

There are several thousand of these graduates entering the workforce every year, but a small % of them are really prepared for analyst careers. Several schools have launched Business Analytics elective tracts, but they are just getting started.

Most fresh grads with analytics talent find jobs in retail or in call centers, many as tech support or IT staff. The ones that do end up with the word analyst in the title are actually more like data encoders or just run reports.  They do very little actual analysis.

From this pool, the English and communications requirements of many analyst jobs screen out 75% of the applicants. Fresh grads who start in analyst roles make salaries of between 10-20,000 PHP a month.

The second group of analysts comes the way most people have become analysts… accidentally. They have very similar educational experiences to the fresh grad batch, but started as a CSR or IT or Tech Support and rose above their peers to take on more complex duties.

These analysts find ways to add value to their reports, or have a propensity to solve hard problems or have a tech skill that really stands out. They are promoted to entry level analyst jobs where they are generally used with business lines to do metrics and KPI reporting, assist with process improvement initiatives.

They start to become very skilled, but generally in only 1-2 applications. Their talent is very concentrated and they are not generally pushed to do more. Whether it be working with certain BI or analytics tools, CRMs or other applications, they become very proficient end users but rarely learn the concepts that allow them to move easily between companies. They generally make salaries of about 20-30,000 PHP a month.

However, that doesn’t stop them from hopping around quite a bit. The severe talent shortage for analysts in Metro Manila see a lot of analysts with 1-2 years under their belt get pirated and over a 5-6 year period you see they working for 3-4 companies, each time chasing more money. And rarely does this make them a better analysts as they have a lot of knowledge about a few things, but have not really mastered a competency in anything.

IMG_1310

The only training they receive is in-house training on new systems that is generally rolled out from abroad/above. This is one of the biggest difference between analysts in the US and India versus the Philippines. There is little investment in the analyst to grow. There is no encouragement to innovate they get bored pretty quickly which is why they are so susceptible to jump for a little more money.

Based on my observations, maybe 20% of this pool of thousands stick with the same company and rise up to be an experienced analyst in their original company. And you find the ones who stick are generally employed by US, Indian and European BPOs. They make about 25,000 and up PHP a month.

The final group, the more experience analysts are a rare breed. They have the skill similar to what you would expect from an Indian or US analysts with 5 years of experience. They have mastered a couple of disciplines (apps, systems, dbases, etc) and have carved out a good niche. They get paid at least 30-40,000 PHP a month and are firmly established with their employers.

They don’t hop for more money and they tend to be pretty loyal. The best way to pry them away is to offer them something new and different to play with. When you appeal to their curiosity, then they will consider hoping for more money. This is the play the HP, IBM, Google, Citibank, and others who have set up analytics teams are doing. They are trying to entice top talent with both money and new opportunity.

There is also a small, but growing number people in the Philippines who are at the level I was when I left Wells Fargo. Analytics Experts who can offer you a wide range of analytics solutions, understand how complex analytics works and are truly on the cutting edge. A lot of these analysts are now being classified as data scientists. The salaries for these positions can be 50,000 PHP or more a month.

Traditionally data scientist have advanced degrees in statistics, math or some other heavily technical field of study. They generally focus on building models and mining big data using advanced software. They have mastered several coding languages and use predictive and prescriptive modeling techniques. If I had to put a guess on this, there might be a couple thousand true data scientists in the Philippines right now. Hardly enough to go around.

In reality, many of the job postings across the Philippines for data scientists are actually looking for something different. The term is the current hot buzz word and many traditional analyst jobs are being mislabeled as data science jobs. It is very important when hiring someone who has data science in their background to make sure they really have the level of expertise you need.

Bottom line though, if you are looking for someone who is curious, adept at technology, loves solving problems and is data hungry, you can find them in the Philippines.

These thoughts are solely based on my observations and research; I would love to hear others either validate or counter any/all of my conclusions.

If you would like to know about the current state of analytics in the Philippines, please check out my new book, Putting Your Data to Work. The book serves as a guidebook for Filipino professionals to better understand how to get more data in their business. Connect with me and I’ll let you know how to get a copy.

Analytics in the Philippines – The Philippines is at the center of the action when it comes to solutions to the global need for analytics. Blessed with a solid foundation of young, educated and English speaking workforce, companies around the world are look for Filipino analytics talent to fill analytics positions. DMAIPH was set up to facilitate these solutions and bring the talent and the business together. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly so we can help you take advantage of this unique global opportunity.

 

Analytics is the answer for the Top Recruitment Trends for 2013

Based on some of the recruiting blogs I follow, here are the most common headlines:

1.Social Media will continue to transform the recruitment process

2.Global complexity in workforce planning

3.Strong Job Growth for Health Care

4.The Right Metrics are hard to find

5.Quality of Hire is the hardest to qualify

6.Never been more pressure to demonstrate ROI of recruitment efforts.

Analytics is a solution to helping HR and Recruitment professionals to address each of the challenges of presented by these headlines. Let’s look at each one.

1. Social media continues to be looked at as the silver bullet that everyone hopes will get them ahead. However, everyone else also has the same belief and in the end, your job postings can get lost at sea. Using analytics to help you determine what kind of posts, when and where to post them and with what message. A good ATS that feeds into social media is also important. The best ATS software packages post directly to social media sites. Also you can learn to take advantage of the built-in analytics that sites like Facebook and LinkedIn have for free. Also using an analytics approach to knowing your competition is a key way to stay ahead.

2. The complexity of recruiting here in the Philippines continues to be quickened by the diverse needs of various clients across industries and geographies. The global shift in services from massive to niche and from standard practice to personalized delivery is making it more and more challenging to find the right talent for the job. Analytics can be a powerful equalizer in knowing the demographics in your talent pool and of the clients.

3. The growth in healthcare outsourcing was something I talked about in depth a few blogs ago. Its an area that will continue to see hyper competiveness for top talent.

4. Knowing which metrics to use when and how to track and repot them is a big challenge. There is so much data and most of it is unstructured. Its incredibly hard to know how to keep a pulse on a your business. But an analytics driven business dashboard is one way to go about it.

5. Quality is hire is so often an afterthought. With so many open reqs and an increasingly thin talent pool, we often just worry about putting butts in the seats and letting the clients/business sort them out. This is so short sighted and counterproductive. Analytics can be used to measure quality of hire and should be something that everyone can easily tie their own personal successes to their efforts.

6. To truly measure return on investment you need good data, good analysis and good reporting to make sure pesos are well spent. Of all the headlines, this is on that analytics is used the most, but also used in ways that don’t really help all that much.

This is where I come in. Having spent 15 years as an analyst with Wells Fargo Bank, I get analytics. I have combined that practical experience with my educational background; I have a Master’s Degree in Education, and developed an innovative training approach to analytics.

Upcoming Training Batches:

• April 13th, Social Media Analytics, Mandaluyong

• April 19th-20th, Analytics for HR Professionals, Makati

• April 26th-27th, Recruitment Analytics, Mandaluyong

• April 29th-30th, An Introduction to Analytics for Fresh Grads, Pasay

• May 10th, Analytics for Analysts and IT, Makati

• May 18th, Recruitment Analytics, Makati

• May 20th-21st, An Introduction to Analytics for Fresh Grads, Pasay

• May 24th-25th, Analytics for Analysts and IT, Mandaluyong

This approach is more about empowering analytical thinking then it is teaching a technological skill. I have found that being able to harness the power of analytics is as much an art as it is a science. In the end, analytics is about three things; finding data, analyzing it and communicating the results.

To learn more about my approach to empowering data-driven decision making, feel free to contact me directly@ 09157759578 or danmeyer@dmaiph.com or you can view our YouTube video to see more >>> http://youtu.be/yEg9plU7pwA