Webtrends Promotes Openness in its Product and Company Strategy
by Bill Ives
I am attending the Webtrends Engage 2010 event in New Orleans. I am covering some of the sessions on my Portals and KM blog. Yesterday, I had a chance to speak with the Webtrends CEO, Alex Yoder, on an individual basis. We went over some of the major directions for the company. Alex started by saying their core principle was openness. They are culturally open as a company. They provide direct access to everyone, including himself.
As part of this directive of openness they recently provided access to their knowledge base to the general public. This included how-to-dos for their products, bugs, fixes and other company information that had been behind a firewall and only previously accessible to customers. Now it is available to anyone on the Webtrends site.
They are also sharing the lessons that they have learned inside their company. Alex said that they deal with many of the same issues that their clients face so they can learn from each other. This sharing also helps to build a stronger sense of community with their clients.
On the technology side they partner with a number of providers to round out their capabilities. These include Radian 6 on the front end and Teradata on the back end. Alex said that things are moving too fast for one firm to say that they can do everything. It is often better to partner than to build.
They are also open from a technology perspective. They provide open APIs for both data extraction and data collection, one of the few firms to do both. On the data extraction side they allow for integration of their data into other tools within the enterprise. This helps Web analytics to get out of silos and into executive dashboards for greater visibility. Their data on customer activity can also go into CRM systems to allow for more complete customer records. Their findings can also trigger action-based emails to employees to promote proper responses.
On the data collection side Webtrends can incorporate data where Javascript cannot go. They can look at anything that is digital, such as the records of in-store transactions, to provide a complete record of customer activity. They can also work with certain mobile devices.
Looking in the future Alex said that Webtrends will continue to further optimize customer interactions. There is a lot of marketing money flowing from traditional media into social media. Webtrends wants to expand its support in this growing space. Mobile devices is another growth area where they are working to enhance their offerings. As marketing people need to work across a broader array of channels, Webtrends wants to provide for better campaign management and coordination across all of these channels.
Alex brought up gaming consoles as another device where there is both marketing and analytic possibilities. He recently received a Playstation3 for Christmas. It has a large hard drive and an Internet browser. He can do email and chat and play games remotely with others. Communities are developing around these games and these communities will be fruitful targets for related marketing activities.
Alex said that his gaming console has also taken away the need for cable TV as he can get what he wants online. I have many friends who have also dropped cable and use their laptop for TV through services such as Hulu. Â When people watch TV through an online device there is much greater opportunity to collect data and interact with viewers than the traditional TV set. Alex said that the gaming console will likely become a channel for direct response ads in the near future. It already has some ads and related product information.
The same injection of intelligence is occurring as people switch to Kindles and other online readers such as the new Apple iPad. When you drop a print newspaper on a front door you have no way of tracking what people do with it. With online readers there is a whole range of data collection opportunities.
Alex closed by saying that Webtrends is defined by its relationships. These include customer relationships, relationships with the broader community, and the relationships that its customers establish with their customers. Having grown up in New Orleans I added that people here really appreciate the help that comes through bringing events like Engage to their city. Alex said that this event is also part of their plan to better support communities. They have moved a number of the Engage activities out of the hotel and into the city.
