Doug Kennedy, Oracle Marketing Cloud - Oracle Modern Customer Experience #ModernCX - #theCUBE
>> Announcer: Live from Las Vegas! It's the CUBE, covering Oracle Modern Customer Experience 2017, brought to you by Oracle. >> Welcome back, and we are here live at the Mandalay Bay in Las Vegas for Oracle's Modern CX. I'm John Furrier with Silicon Angle. This is the CUBE and my co-host, Peter Burris here for two days of wall-to-wall coverage, day two. Doug Kennedy, Vice President of Business Development and Partner Strategy of Oracle, former Oracle, left Oracle, went to NetSuite, now back at Oracle running partners... Great to have you on the CUBE. >> Yeah great to be here. >> Thanks for joining us. We were just talking before we rolled live about some of the history and some of the dynamics in the industry, and it's a very interesting time, because the partner landscape is becoming a critical linchpin for this digital transformation as the vendors get Cloud and the suppliers become "Cloudified" if you will. The roll of the partners is beyond strategic, it's actually technical. >> Well you've got to look at actually the expertise that you need to actually work with the customer. Always sit in the customer's seat and look back at the vendors and the partner eco-system to determine what they need to be successful. And candidly, we bring part of it as Oracle, partners bring the rest of it, whether it's industry expertise, vertical expertise, they deeply understand agencies, whatever that expertise is, we have to figure out the right partnership with them to go be successful together, and that's the trick, and that's why partners are so important right now. >> And what's the message and focus here at Modern CX? Obviously it's not just pillars of solutions, it's, you got a little bit of a unification, you have this Modern CX, who's got a platform (mumbles). What's the conversation like with partners here? >> So, the ones that I've been having this week... So I've been back all of seven weeks, so I'm rolling out a new partner strategy pretty quickly here, and I introduced it to several of our top partners here this week, and it really is to specialize and focus on the prioritization you can bring to our partnerships. That it's back to specialization. I roll everything back, I've done partnering for, good lord, a couple of decades now. The number one question is, How do we both be profitable? We're in partnerships actually each make money and win together. So back it up to that and look at how they specialize, and don't get too thin, don't get too wide, but look at what you're successful at doing as a partner, and for us to then figure out how to work together in that partnership to go win. So I've been amplifying that up with the partners this week. You'll fail if you're spread too thin and trying to be everything to everyone, and I'm pushing the partners to make sure they bring that to the forefront with us first, before we actually go engage the prospects and customers. So I'm kind of backing up again with a lot of these partners. >> So it's not a general purpose philosophy? >> Doug: Nope. >> It's really, find some swim lanes... Everyone's got a unique specialty, I mean PWC has got their thing, now Deloitte, Accenture, they all kind of have their swim lanes developing, but specialism, it seems to have much more domain expertise, now I was talking to Accenture CTO of analytics, Jean-Luc Chatelain, and they have tons of data scientists. They're coding away! Before they used to be project managers, now they got coders, so seeing that transformation, is that also a dynamic you're seeing? >> Yeah, definitely seeing that. If you look at our eco-system, we've got a little over a thousand partners right now that focus on OMC, the Marketing Cloud. They're ISV's, they're the old traditional SI's shifting into more manage services vein, and still doing implementations. Then you get the agencies, which is unique in and of itself because they're running on behalf of their customers. They understand the marketing industry deeply, so now they're taking our solutions and running on behalf of customers, but they're also a partner type. So it's determining which type you are, and some, by the way, are all three. So how do we work with them most effectively? Cause this is a co-sell model. >> And what's the plan? Can you give any details to the strategy? >> Well the strategy is, first of all, there is an ideal partner profile for each of those partner categories. And to replicate that, the programs we're putting in place, we want more of those that fit what I call the ideal partner profile, which comes, at the end of the day, they're going to be profitable, we're going to be profitable. But if you look at the agency model, you know, how do they actually have the reach in coverage with the customers that they currently actually service? How can we actually work with them to introduce our solutions into that product mix that they already use in their managed operations environment? How do we make sure we're bringing that to the forefront in a way that values the agency's business and then also values their customers? Right? So that's unique just 'cause we're in a sense dealing with two customers. We're dealing with the agencies as a partner who's running on behalf of their customers, but we have to have a solution that fits that equation. Think of it that way. >> But there's something else going on, I want to test you with this. >> Sure. >> That is, it used to be that the traditional partner model, you know, the on-premise orientated partnership model was that the partner was a channel partner, they might embed their software on top of the product, et cetera, but Oracle could be good, and the partner could be good. If Oracle's really good and the partner's okay, it still could work out. This more deeply integrated world where data is the asset, and how you flow it and the speed with which it flows, and the degree to which you can show that end to end coherence is going to determine winners or losers. That means that whoever is the weakest link is the weakest link for every, or sets the quality for everybody to a degree. How is that going to change the way you talk to partners? Because they're going to have to step up their game in a big way for Oracle to be able to step up the game. >> Right, now great question. So we have a co-selling model first of all, right? We have indirect in certain markets--Japan and some of the southeast Asia markets are indirect-- so we will rely on the partners to do most of the selling as well as the delivery and managed services. The rest of the world's co-sell. So with our co-sellers, half of the equation is our own people, so I'm doing a couple different things. First of all, on our side, we're defining roles and responsibities of co-selling and making sure that our own sales people know, not who to engage, how to engage the partner. Going back to the basics of how early you pull them in, do you have them do pre-sales? Do you do pre-sales? Who does the demos? Basically through the entire sales cycle, defining roles and responsibilities. And taking that same set of rules to the partners. So we actually have ground rules on how we want to engage through the sales cycle. The last, and this important point, the last thing you want is for the partner and our own sales rep to meet each other in the prospects lobby at the 11th hour of a sales cycle. We're trying to fix that, but more importantly you raised a really good point. What am I asking the partners to step up and do? We're just putting in place, depending on the partner type, six different criteria, there's also a seventh criteria, that I'm measuring our best partners by. It's around capability to execute locally on both pre-sales and technical implementations and operations. I'm looking at revenue, I'm looking at number of customer ads so you're not just out shooting elephants once a year, but you're also bringing in a volume with us. I'm looking at references. That's the proof in the pudding, that you're capable of maintaining that environment and you're helping your customers derive the most value out of the service and solution. And then the last one is really looking at are you in an industry in a vertical and can you bring that to the forefront effectively in co-selling. So I'm putting a bar out there that says, these are the criteria, you've got to get to over this bar to be one of the partners I take into my co-selling engine and promote you to my sales force. So extremely prescriptive on who we're going to co-sell with. >> So it's sales synergy, not conflict. >> Doug: Exactly. >> So you're trying to identify hand-in-glove kind of fit points. >> Doug: Defining how and who. >> Let me offer one other one and see if this resonates with you, make one other suggestion, is that especially for partners that are part of the Cloud mix, have you talked about end-to-end performance, end-to-end effectiveness, end-to-end efficiency, and start to benchmark some of these partners and say, you're doing okay, but we got other folks over here who (crosstalk). I mean the time of execution, the number of errors that are generated, all these other things, because we're now talking about an integration that is not just in the marketing function, not just in the selling function, not just in the service function, but in the execution. That that's where the customer's going to determine whether the partnership is working. Are you starting to look at some of those measures as well? >> Yes, so the back end of this, I'm now looking at a report that says where are we churning? Where are we actually having down sales, in other words the subscription's not renewd at the same level, and I'm correlating that report for the first time back to the associated partner. Then I could sit back down with them and say, look, we're correlating you to a certain percentage of churn, what do we need to do to fix this? Is it better education? Are you not focusing on the whole life cycle of the customer? So we'll be able to come back at that with the partners as well. We haven't done a very good job of that, candidly. It's kind of the front of the sale, move through, get 'em running and then once in a while we turn up to make sure they're delighted, and that they're renewing. You can't do that any more. >> The interesting thing that you're getting at is, I hate to say, eat your own dog food or drink your own champagne or whatever you want to call it. You guys are saying here, use data and change business practices. >> Doug: Exactly. Exactly. >> So you're going to look at the data and bring that in, but the data model is first, if I hear you correctly is, identify clearly your parameters for ideal partnership. >> Doug: Yup. >> On a profitable win/win scenario. >> Yup, who we're working with, and then define how we're working together so our field can effectively co-sell with them. >> Okay so what's the reaction? I mean, the agency I can see has a potential, a lot of moving parts there, so I think that's challenging in general, just agencies are different than more committed partners, (mumbles), I don't mean to put down the agency, but agencies have a lot of moving parts. >> Doug: Yeah. >> What has been the reaction from agencies and the other different types of partners? >> And this is literally this week for the past three days have been meeting with a lot of the top partners. >> John: Standing ovation? >> They're very pleased, they said we want this approach. 'cause candidly if I say, Look, here's why I'm going to bet on you and here's why I'm going to work with you, you can invest ahead of the curve. Most partners aren't going to invest ahead of the curve. They kind of look in the rear view mirror and go, Yeah I got a couple of deals last month, I'm going to maybe start adding capacity. I could say, Look we're committing to you in these regions in these areas and here's how we're working together. It gives them more confidence to start investing ahead of the curve with us. And that's the best, you don't want them lagging behind the demand. >> And what about the swim lanes we talked about, I call swim lanes, you said specialty? Because that seems to be on the partner, not saying, well you could bring a lot to the table and say, here's how we think you might be fit based on the parameters, but that's a transformation that the partners are going through. Are you being proactive in recommending? Are they coming to you? They seem to be kind of in swim lanes... >> If you leave it up to the partner, they'll come to you. And I swim in every lane and I do everything. In a past life, what I was able to do and I've done a little bit now we're going to finish this job, I was able to run transactions through D & B for the past three years of my partner system. And partners would say, I play in every industry and every vertical, and I'd bring data back and say, actually, no you don't. Here's where you focus. >> John: They hope to be in every vertical. >> Right, they want to, they want to, and that's how they fail, they spread themselves too thin. But we come back with the data to say, look, here's where your references are, here's where the majority of your revenue has come from. I'm going to promote you in these swim lanes. You can move into another swim lane over time, but let's focus here. And we've done that. We've actually, we're about 95% through this exercise over the past six weeks. I've taken some of the maps back to some of the partners to say, here's where we believe we're going to win with you. That's an exercise we're going to finish over the next couple of months, and it'll evolve over time, but those are going to be the swim lanes. I'm glad you use that, I use that privately. Which swim lanes are they in and how do I promote those to be the swim lanes my co-sellers are going to work with them on? And that's the way we work. By the way, it helps them with capacity too. If I'm missing somebody in a swim lane, I will first of all try to take somebody out of the lane and get 'em into an adjacent lane for capacity. They like that, instead of just bringing somebody new in. >> I mean I always say the partner business is pretty straight forward, it comes down to money right? What's in it for me, I want to make some cash. Profitability is really important. I think it's cool that you're being transparent about it, saying, hey we're in business to make money, let's just put that on the table. 'Cause, they're going to posture and, at the end of the day, it's what's in it for me? >> I still think that this notion of moving from a product orientation to a service orientation which Cloud describes means a churn, CX, those types of measures, at the end of the day if Oracle's going to win, it has to be able to demonstrate to the marketplace, our eco-system operates better than anybody else's eco-system. >> Doug: Right. >> And starting to bake some of those measures and bake some of those ways of thinking into the relationship so the partners are lifting their game up, it's going to be really crucially important. >> Well the eco-system thing is going to be tested by the fact that, at the end of the day, at least my experience in talking to customers and experience in dealing with the partners, is at the end of the day, the 11th hour sales conflict is ultimately the indicator of if it's working or not. If this conflict with the customer and trust, like, wait a minute, this guy's not going to deliver, that's an undertone that, if that sentiment's there, it's not working. If it's working, pass, shoot, score! Everyone's happy! Sales guy gets comped on the Oracle side, feeding more business to the partner, you know this is a relationship where it flows to the good partners. >> Right, that's why you don't deal with... all thousand can play in the eco-system, but you place your bets on the top ones and get that right, and that's where your growth is going to come from. >> John: It's gamification. >> Also, also, think of it another way is that, I'd rather give the next dollar to one of my top partners that fits my ideal partner profile and can drive growth with me, than to give it to the person on the tail end of the tail, because they can't turn that same dollar into more revenue together. The guys at the top of the pyramid are more capable of reinvesting in our business. >> And the emerging ones that have an ascention vision of sending up and to be a partner will see the cash being doled out and will align... >> And we're going to be transparent of where the bar is. You want to get there? Here's the things you've got to be able to do. >> Right, and how are you guys helping them with any kind of soft, this is to say, partners say, hey Oracle, thanks for the mentoring thanks for the clarity, I really want to be in the swim lane, and I'm willing to invest. What are you going to do for me? >> So the education and training for them... Some of them, as we look at their profile and how successful they are, we will grandfather them in to certain lanes as well. Like, this isn't, go off into a dark room and prove to me you're successful and pop your head up and I may like you. We're going to still look at that next trench of partners that want to get above that bar and work with them, because if we get them over the bar we'll be successful, we'll be more successful, so we have to help them through training and education and enablement as well to be able to do that, and some opportunities to participate in different marketing programs and campaigns. >> Well you're a pro. It's good to co-sell and it's challenging, and it's got a great, I like the formula. Seven days in... >> Doug: Seven weeks. >> Seven weeks in. What's your feedback on the show? Thoughts? >> No this is very good. It's good for a variety of reasons. Obviously the customer focus is extremely good. The other thing it does for our partners is it gives them a chance to network. Because a customer doesn't just buy one solution from one partner. Typically our sales involve three or four partners at times. It gives them a networking opportunity and I'm trying to aggregate those solutions together into more of a complete offering, and we're just one part of that equation. So these type of events help those partners network together and we drive some of that networking as well. >> Doug Kennedy. So next year when we're sitting on the CUBE at a location, maybe here, maybe somewhere else, what's success in your mind for one year out in terms of in your mind's eye, what do you want to see happening, envision happening for next year's event? >> Well a stake in the ground for our own eco-system is we've doubled the impact of our co-selling through our top line with partners. That's a pretty big challenge, but that's what I'm committing to. It's a big net that we're going to go after. But also here you're going to have a partner eco-system, to be blunt, they're more profitable. They're doing better. They actually want more. I would argue we're going to have more people attending here from my partner eco-system next year, hungry for more information and more opportunities to work together. That's success. >> You're going to grow it up top line and grow the eco-system. >> Yup, and other partners that are not part of that growth, wanting it. 'Cause if you make some poster children, the rest are going to want more of that. So we'll see more of a herd mentality start. >> Doug Kennedy in charge of Business Development and Partners here at Oracle on the CUBE. I'm John Furrier with Peter Barris. We'll be back with more live coverage after this short break.
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brought to you by Oracle. Great to have you on the CUBE. of the dynamics in the industry, and that's the trick, and that's why partners What's the conversation like with partners here? and I'm pushing the partners to make sure but specialism, it seems to have much and some, by the way, are all three. And to replicate that, the programs we're I want to test you with this. and the degree to which you can show that end to end What am I asking the partners to step up and do? So you're trying to identify hand-in-glove and start to benchmark some of these partners and I'm correlating that report for the first time I hate to say, eat your own dog food or drink your Doug: Exactly. and bring that in, but the data model is first, and then define how we're working together I don't mean to put down the agency, of the top partners. And that's the best, you don't want Because that seems to be on the partner, for the past three years of my partner system. of the partners to say, at the end of the day, it's what's in it for me? to the marketplace, our eco-system operates into the relationship so the partners Well the eco-system thing is going to be and get that right, I'd rather give the next dollar to one of my And the emerging ones that have an ascention Here's the things you've got to be able to do. Right, and how are you guys helping them and prove to me you're successful and pop and it's got a great, I like the formula. What's your feedback on the show? it gives them a chance to network. on the CUBE at a location, maybe here, Well a stake in the ground for our own eco-system and grow the eco-system. the rest are going to want more of that. and Partners here at Oracle on the CUBE.
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Day Two Wrap - Oracle Modern Customer Experience - #ModernCX - #theCUBE
(soft music) (soft music) >> Narrator: Live from Las Vegas. It's the Cube. Covering Oracle Modern Customer Experience 2017. Brought to you by Oracle. >> Okay welcome back everyone. We're live in Las Vegas. This is the Cube. SiliconAngles flagship program. We got out to the events and extract the (mumbles). Been here two full days of wall to wall coverage. I'm John Furrier. My cohost Peter Burris. Peter really good to see Oracle really move from modern marketing experience, the old show name, to a cleaner broader canvas called Modern CX. Which is modern customer experience. And you startin to see the new management which took the baton from the old management. Kevin Akeroyd. Andrea Ward who did a lot of work. I mean they basically did a ton of acquisitions. We talked last year if you remember. Look they have a data opportunity and we spelled it right out there and said if they can leverage that data horizontally and then offer that vertical specialism with differentiation, they could have their cake and eat it too. Meaning the pillars of solutions in a digital fabric with data. That's what they did. They essentially did it. >> Yeah they did. And it's been, it was a. We came here hoping that that's what we would see and that's what we saw John. Oracle not only has access to a lot of data but a lot of that first person data that really differentiates the business. Information about your finances. Information about your customers. Information about orders. That's really, really crucial data. And it's not easy to get. And if you could build a a strategy for your customers that says let's find ways of bringing in new sources of data. Leveraging that data so that we can actually help you solve and serve your customers better. You got a powerful story. That's a great starting point. >> And one of the things that I would observe here is that this event, the top story was that Mark Hurd came down and talked to the customers in the keynote. And also made a cameo visit to the CMO, some which they had separately. But really kind of basically putting it transparently out there. Look we got all this technology. Why are we spending all of this technology and effort to get a one percent conversion rate on something that happens over here. Let's look at it differently. And I think the big story here is that Oracle puts the arc to the future. Which I think is a very relevant trajectory. Certainly directionally correct using data and then figuring out your process and implementing it. But really looking at it from a people perspective and saying if you can use the data, focus your energies on that data to get new things going. And not rely on the old so much. Make it better but bring in the new. >> I think that's the one thing that we need to see more from Oracle in all honesty. At shows, this show, and shows like this. Is that and we asked the question to a couple quests. What exactly is modern marketing? Technology can allow a company to do the wrong things faster and cheaper. And in some cases that's bad. In marketing that's awful. Because more of the wrong thing amplifies the problem. That's how you take down a brand. You can really annoy the hell out of your customers pretty quickly. >> Well I think you made that point interesting I thought. On that just to reiterate that, validate that, and amplify. Is that if you focus more on serving the business as a marketer versus now it's about the customer. Okay which is why I like the CX and I know you do too. You can create enterprise value through that new way. Versus hey look what team. I'm helping you out with some leads and whatever. Support, content. Marketing now owns the customer relationship. >> Well marketers talk about a persona all the time John. They say what's the persona? It's a stylized type of customer, and now with data we can make it increasingly specific. Which is very, very powerful. I think Oracle needs to do the same thing with the marketing function. What is that marketing function persona that Oracle is, it's self driving to. Driving it's customers to. And trying to lead the industry into. So I would personally like to see a little bit more about what will be the role of marketing in the future. What exactly is the modern. What exactly is modern marketing? What is the road map that Oracle has, not just for delivering the technology, but for that customer transformation that they talk about so much. It's clear that they have an idea. I'd like to see a little bit more public. Cause I think a lot of marketers need to know where they're going to end up. >> I was a bit skeptical coming in here today. I was a little nervous and skeptical. I like the team though, the people here. But I wasn't sure they were going to be able to pull this off as well as they did. I'd give them a solid letter grade of an A on this event. Not an A plus because I think there's some critical analysis that's worth addressing in my opinion. In my opinion Oracle's missing some things. It's not their fault. They're only going as fast as they can. Not to get into your perspective too, but here's my take. They don't know how to deal with video. That came up as technical issue. But Jay -- >> But nobody really does. >> But nobody really does. And that's just again because we're in the video business it jumped out at me. But Jay Baer was on. Who's hosted the CMO Summit. And he's out there too like us. Content is a big thing. And I haven't heard a lot about the content equation in the marketing mix. So if you look at the modern marketing mix, content is data. And content is instrumental as a payload for email marketing. And we're in the content business so we know a lot about the engagement side of it. So I just don't see a lot of the engagement conversations that are happening around content. Don't see that dots connecting. >> And I think you're right. I think you're right John. And part of the reason is, and again I think Oracle needs to do a better job at articulating what this means. From our perspective, it's my perspective but you agree with me. I'll put words in your mouth. Is that marketing has to be a source of value to customers. Well what do customers find valuable? They find information in easily digestible, consumable chunks as they go on their journey. What are those chunks? Those chunks, in fact, are content. So to tie this back and show how crucial this is. At the end of the day, consumers, businesses need to learn about your brand. Need to learn about next best action. All that other stuff. In consumable interesting, valuable chunks. And it ultimately ends up looking like content. So your absolutely right to talk about how this all comes together and show how, that content is the mechanism by which a lot of this value's actually going to be delivered. Is really crucial. >> And now to give the praise sandwich, as we say in positive coaching alliance, two positives and then the critical analysis in the middle. That's the praise sandwich. So to give them some praise around the criticism. I will say that Oracle validates for me, and this is why I think they got a good strategy. That there's no silver bullet in marketing. Okay there's no silver bullet. This product will get you more engagement. This will do that. They do show that data is going to be an instruble part of creating a series of collections of silver bullets. Of bullets if you will. To create that value. And I think that's the key. And then the second praise is, this is kind of nuance in their analysis. But the third party data support, is a big deal in my mind. I want to expand more on that. I want to learn more about it. Because when you have the first party data, which is very valuable, and access to more data sources. That becomes increasingly interesting. So the extensibility for getting content data or other data can come in through third party. I think that opens the door for Oracle to innovate on the area we gave the criticism on. So I think that's a positive trend. I think that's a good outlook on having the ability to get that third party data. >> Yeah but it's also going to be one of the places where Oracle is going to have to compete very, very aggressively with some other leaders who are a little bit more oriented towards content. At least some of their marketing clients are a little bit more content oriented. I'm comfortable Oracle will get there because let's face it. At the end of the day, marketing's always done a pretty good job of created, creative, using data to figure out what creative to use or create is nice. Very important. But what we're really talking about is customer experience. Will the customer get something out of every interaction? And while content's crucial to that the end result is ultimately, is the customer successful? And Oracle is showing a better play for that. So I'll give you, I like the way you did it on the grading. I'll give them a B plus. But I'm not disagreeing with you. I think we saw A talent here. We saw an A minus story. And they're a year in. So there's still some work that needs to be done, but it's clearly -- >> Why you weighted as a B plus >> I give them an A on vector. And where they're going. >> I would agree with that. >> And the feedback that we've gotten from the customers walking the show floor. There's a lot of excitement. A lot of positive energy. The other thing that I would say -- >> Oh the band. I'd give the band, the band was a B minus. (Peter laughs) Yeah that takes it. That's going to kill the curve. >> What was the band last night? >> I don't even remember. We missed the good one, I know that. We had dinner so we came late. It was a good band. It wasn't like, it wasn't like Maroon 5 or One Republic. Or Imagine Dragons or U2. >> Or one of the good ones. Sting. C minus. But the other thing that I think is really important is at least it pertains to modern customer experience. Is that they are, they are absolutely committed to the role the data's going to play. And we talked about that right at the front. But they are demonstrating a deep knowledge of how data and data integration and data flows are really going to impact the way their customers businesses operate. And I think that there were a couple of, I'll give a really high point and one that I want to hear more about in terms of the interviews we had. Great high point was one, we talked a lot about data science and how data science technologies are being productized. And that we heard, for example, that Oracle's commitment to it's marketplace is that they are going to insure that their customers can serve their customer's customers with any request within 130 milliseconds anywhere in the world. That's a very, very powerful statement that you can only really make if you're talking about having an end to end role over, or influence -- >> Like we commented, that's a good point. Like we commented that this end to end architecture is going to be fundamental. If you read the tea leaves and look at other things happening, like at Mobile World Congress. Intel I think is a bellwether on this with 5G. Cause they have to essentially create this overlay for connectivity as well as network transformation to do autonomous vehicles. To do smart cities. To smart homes. All these new technologies. It's an end to end IPR (mumbles). It's connected devices. So they're super smart to have this connected data theme which I think's relevant. But the other one, Ron Corbusier's talked about this evolution. And I find some of these, and I want to get your reaction to this statement. So Ron was kind of like, "oh it's an evolution. "We've seen this movie before." Okay great. But when you talk to Marta Feturichie, who was a customer from Royal Phillips. >> Peter: Great interview. >> She's head of CRM. Now she's doing some other stuff. So okay. What does CRM mean? So if you think evolution. What the customers are doing. Time Warner and Royal. It's interesting. Certain things are becoming critical infrastructure and other things are becoming more dynamic and fluid. So if you believe in evolution, these are layers of innovation. So stuff can be hardened as critical infrastructure, say like email marketing. So I think that what's happening here is you start to see some hardening of some critical infrastructure, aka marketing technology. MarTech (mumbles). Maybe some consolidation. AdTech kind of comes together. Certain things are going to be hardened and platformized. >> Let's take the word hardened and change it cause I know what you mean. Let's say it's codified. Now why is that, why is that little distinction a little bit interesting is because the more codified it gets, the more you can put software on it. The more you can put software on it the more you can automate it. And now we're introducing this whole notion of the adaptive intelligence. Where as we start to see marketing practices and processes become increasingly codified. What works, what doesn't work? What should we do more of? What should we do less of? Where should we be spending out time and innovating? Versus where should we just be doing it because it's a road activity at this point in time. That's where introducing this adaptive intelligence technology becomes really interesting. Because we can have the adaptive technology elements handle that deeply codified stuff where there really is not a lot of room for invention. And give the more interesting ongoing, customer engagement, customer experience -- >> Right on. And I think we should challenge Oracle post event and keep an eye on them on this adaptive intelligence app concept. Because that is something that they should ride to the sunset cause that is just a beautiful positioning. And if they can deliver the goods on that, they say they have it. We'll expand on that. That's going to give them the ability to churn out a ton of apps and leverage the data. But to the codified point you're making, here's my take. One of the things that I hear from customers in marketing all the time is a lot of stuff if oh yeah mobile first all that stuff. But still stuff's web presence based. So you got all these coded URL's. You got campaigns running ten ways from Sunday. DNS is not built to be adaptive and flexible. So it's okay to codify some of those systems. And say, "look we just don't tinker with these anymore." They're locked and loaded. You build on top of it. Codify it. And make that data the enabling technology from that. >> Peter: Without it become new inflexible (mumbles). >> Yeah I can't say, "Hey let's just tweak the hardened infrastructure "to run an AB test on a campaign." Or do something. No, no. You set this codified systems. You harden them. You put software on top of them. And you make it a subsystem that's hardened. And that's kind of what I mean. That's where the market will go because let's face it. The systems aren't that intelligent to handle a lot of marketing. >> Peter: They're still computers. >> They're still computers. People are running around just trying to fix some of this spaghetti code in marketing. And as the marketing department gets more IT power. Hey you own it. They're owning now. Be afraid what you wish for you might get it. So now they own the problem. So I think Oracle on the surfaces side has a huge opportunity to do what they did with Time Warner. Come into the market and saying, "Hey we got that for you." And that's what Hurd's kind of subtle message was on his keynote. Hey we're IT pros, but by the way you don't need to be in the IT business to do this. We fix your problems and roll out this -- >> We're going to talk to you in your language. And your language is modern customer experience. Which is one of the reasons why they've got to be more aggressive. And stating what they mean by that. >> And we have all the data in our data cloud. And all the first party data in our Oracle database. >> Right, right exactly right. >> That system of record becomes the crown jewel. Oracle has a lock spec on the table. You think it's a lock spec? >> Uh no. And that's exactly why I think they need to articulate where this is all going a little bit. They have to be a leader in defining what the future of marketing looks like so they can make it easier for people to move forward. >> Alright putting you on the spot. What do you think a modern marketing looks like? And organization. >> We talked about this and the answer that I gave, and I'll evolve it slightly, cause we had another great guest and I thought about it a little bit more is. A brand continuously and always delivers customer value. Always. And one of the -- >> Kind of cliche-ish. >> Kind of cliche-ish. >> Dig into it. >> But modern marketing is focused on delivering customer value. >> How? >> If they're deliver - well for example when the customer has a moment in a journey of uncertainty. Your brand is first is first to the table with that content that gets them excited. Gets them comfortable. >> Lot of progression. >> Makes them feel ready to move forward. That your, and well I'll make another point in a second. And I would even say that we might even think about a new definition of funnel. At the risk of bringing up that old artifact. Historical funnel went to the sale. Now we can actually start thinking about what's that funnel look like to customer success. >> Well there's two funnel dynamics that are changing. This is important, I think. This is going to be one of those moments where wow the Cube actually unpacked a major trend and I believe it to be true. The vertical funnel has collapsed. And now the success funnel is not >> Peter: It's not baked. >> Not big. It's decimated from this perspective of if the sale is the end game of the funnel, pop out that's over. Your point is kind of like venture funding for starter. That's when the start line begins. So here it's, okay we got a sale. But now we have instrumentation to take it all the way through the life cycle. >> And you know John. That's a great way of thinking about it. That many respects when you, when you introduce a customer to a new solution that has complex business implications that you are jointly together making an investment in something. And you both have to see it through. >> I mean sales guys put investment proposal on the -- >> That's exactly right. And so I think increasingly. So I would say modern marketing, modern marketing comes down to customer success. A prediction I'll make for next year is that this session is called, you know we'll call it the modern marketing modern customer experience show. But the theme is going to be customer success. >> Heres what I'm going to do. Here's what we're going to do this year Peter. We're going to, we will, based upon this conversation which we're riffing in real time as we analyze and summarize the event. We, I will make it my mission. And you're going to work with me on this as a directive. We're going to interview people, we're going to pick people that are truly modern marketing executives. >> Peter: That's great. >> We're going to define a simple algorithm that says this is what we think a modern marketing executive looks like. And we're going to interview them. We're going to do a story on them. And we're going to start to unpack because I think next year. We should be coming here saying, "we actually did our work on this." We figured out that a modern marketing organization and an executive behave and look this way. >> Right I think it's a great idea. So I'll give you one more thought. Cause I know you'll like this one too. Doug Kennedy. The partner. The conversation that we had. >> Very good. >> Talking about clearly a grade A executive. Seven weeks into the job. But that is going to be, you know for this whole thing to succeed he's got a lot of work in front of him. It's going to be very interesting to see how over the course of time this show and other Oracle shows evolve. >> I have a lot of partner experience. You do too. He's got a zillion years under his belt. He's a pro. He did not have any deer in the headlights look for seven weeks on the job. He's been there. He's done that. He knows the industry. He's seen the cycles of change. He's ridden waves of innovation up and down. And I think Oracle has a huge opportunity with his new program. And that is Oracle knows how to make money. Okay Oracle knows how to price things. They know how to execute on the sales side and go to market. And partners relationships are grounded in trust. And profitability. I would say profitability first and trust second. And it's kind of a virtuous circle. >> But John they've got to start getting grown in customer experience right? >> John: Yeah, yep. >> And that's not, it's doable but it's going to be a challenge. >> Well we talk about swim lanes with his interview, and I thought that was interesting. If you look at a center for instance, Deloy, PWC and all the different players. They're picking their swim lanes where their core competency is. And that's what he was basically saying. They're going to look for core competency. Now I think they're not there yet. The major SI's and potential partners. So he's going to have to put the spec out and put the bar there and say this is what we got to do. But you got to make the channel serve the customer. It has to be profitable. And it has to be relevant. And the only dangerous strategy I would say is the co-selling thing is always dicey. >> Especially if one has customer experience as a primary. >> It requires equilibrium in the ecosystem. >> You got it, you got it. >> It isn't there. >> And also it's a multi-partner go to market. It's not just one or two now. >> So he's going to have to really spread the love at the same time have hardened rules. Stick to his knitting on that one. Okay Peter final word. What do you, bottom line the show. Encapsulate the show into a bumper sticker. >> Well we heard Amazon released today. Google released today. Beat their numbers. Two companies that are trying to build an ecosystem from their core of the cloud. And the question is. Is Oracle who has customers with applications and with that first person data. Are they going to be able to cloudify, sorry for using that word, but are they going to be able to gain that trust that this new operating model they're really committed to for the future. Before Amazon and Google can create applications to their platform. Because Oracle has the end to end advantage right now. And in the world where digital's important. Speed's important. The fidelity of the data's important. The customer experience is important. That end to end has a window of opportunity. >> And I would also add two other companies reported, Microsoft and Intel and missed. So you have Amazon and Google. New guard, newer guard. Old guard Intel, Microsoft. Oracle is considered old guard even though they have some modernization going on from CX and the cloud. But Oracle is cloud a hundred percent in the cloud. Their SAP, for instance, is going multi-class. So the wild card in all this is, if the multi-cloud game evolves. >> Think end to end. End to end. Because that has advantages. When you're talking data, one of the things that Jack Brookwood said. He said, "you know why we can hit that 150 millisecond target?" >> Cause you don't have to move the data around. >> Cause sometimes we don't have to move the data around. >> This can be very interesting. And this going to be fun to watch and participate in. Of course the Cube will covering Oracle, well we'll be there again this year. We don't have the exacts specifics on that, but certainly if your interested in checking us out. Were siliconangle.com. Peter's research is at wikibon.com as well as SiliconANGLE on the front page. SiliconAngle.tv has all the videos. And well will be documenting and following the modern marketing experience with people and companies. And documenting that on the Cube and SiliconANGLE. So that's a wrap from day two at Oracle Modern CX. Thanks for watching. (electronic music)
SUMMARY :
Brought to you by Oracle. This is the Cube. And it's not easy to get. is that Oracle puts the arc to the future. Because more of the wrong thing amplifies the problem. On that just to reiterate that, I think Oracle needs to do the same I like the team though, the people here. So I just don't see a lot of the engagement And part of the reason is, on having the ability to get that third party data. I like the way you did it on the grading. And where they're going. And the feedback that we've gotten That's going to kill the curve. We missed the good one, I know that. is that they are going to insure is going to be fundamental. Certain things are going to be hardened and platformized. And give the more interesting ongoing, And make that data the enabling And you make it a subsystem that's hardened. in the IT business to do this. We're going to talk to you in your language. And all the first party data in our Oracle database. Oracle has a lock spec on the table. they need to articulate where And organization. And one of the -- But modern marketing is focused Your brand is first is first to the table And I would even say that we might And now the success funnel is not if the sale is the end game of the funnel, And you both have to see it through. But the theme is going to be customer success. analyze and summarize the event. We're going to do a story on them. The conversation that we had. But that is going to be, And that is Oracle knows how to make money. it's doable but it's going to be a challenge. And it has to be relevant. Especially if one has customer experience in the ecosystem. And also it's a multi-partner go to market. So he's going to have to really Because Oracle has the end to end advantage right now. But Oracle is cloud a hundred percent in the cloud. one of the things that Jack Brookwood said. And documenting that on the Cube and SiliconANGLE.
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Jennifer Renaud, Oracle Marketing Cloud | Oracle Modern Customer Experience
>> Announcer: Live, from Las Vegas. It's theCUBE! Covering Oracle Modern Customer Experience 2017. Brought to you by Oracle. >> Okay, welcome back, everyone. We are here live, in Las Vegas, the Mandalay Bay Convention Center, this is SiliconANGLE Media's theCUBE, our flagship program where we go out to the events and extract the signal from the noise. I'm John Furrier with my co-host, Peter Burris, Head of Research at siliconANGLE and wikibon.com. Our next guest is Jennifer Renaud, who's the CMO/Global Marketing Lead for Oracle Marketing Cloud. She's the brains behind this show, underneath Laura Ipsen, who was on yesterday, General Manager, SVP. Great to see you, Jennifer. >> Thanks, it's great to see you. >> John: Thanks for coming on, I know you're super busy, thanks for spending the time to come on theCUBE. >> Thank you for having me, I'm really happy to be here. >> So we talked last year. You guys were new. Laura popped into the position, took over the helm at Oracle Marketing Cloud, you joined the team. It's been quite a transformation over the past year. A lot of great feedback on the show. I mean, the Markies was like the Golden Globes, was glammed up, and people screaming, you mentioned. And then now, the conversations in the hallways, certainly great feedback on the sessions, and people in there saying, "Hey, I'm getting great, qualified people walk through, having great conversations." What happened? Between last year and this year. Give us some insight into what was the big shift. >> The big shift? Well, we've had a big shift in our team. You know, during that time period. (both laughing) Which is really interesting. >> And as manifest by the show, a big shift in direction. >> Yeah, a big shift in direction. You know, two things I think, seriously, there was a big shift in the team, overall, you know, my marketing team, we've made a lot of changes, we're relooking at how we do the work that we do. Really looking at the stories that we tell. You know, there's been a lot of change in that, as well. And then, how we tell our stories together with the rest of our CX team. That's been really important. I spend a lot of time with the rest of my CX peers, you know, that are here also. >> It's interesting, we've been following Oracle, this is our eighth year covering Oracle as Oracle proper, and two years covering Marketing Cloud, with theCUBE, and it was interesting, we were observing that how you guys got here, or there, last year, a lot of great acquisitions and integrated pretty well. But the question was, man, if you can just put all this together. Which you guys were kind of smiling, smirking, but you were doing that, so you have now this cohesive story and platform. You still have pillars of solutions, but, yet integrated under one customer experience. Give us some insight into where that is, and what's next, and how that's going. >> So, the connection with the entire customer experience cloud? >> John: Yeah. >> You know, we've been sharing that message for a while. You know, across Oracle. And I think you probably heard it the first time at Open World, which is where I met you, this last year, and we made some announcements then, but we are continuing to drive that total experience, you know, for our customers to engage with their customers. And, you know, I think probably the best way to look at that, and we were just talking about this a few minutes ago, you know, when I was thinking back in marketing 25 years ago. I've been reminiscing a lot lately. And I was looking back at re-reading the one-to-one future. And at that time, they were really saying, you know, the great thing you can do is engage with a customer in a way where you're a learning organization. So every touchpoint has the right reaction. I might call it, maybe, the physics of marketing. You know, we're going to have the energy that goes with this, so, you know, if I talk to you, if my last engagement with you is a services conversation, then the next marketing message better be in reaction to the last services conversation. And I think now with the ability for us to connect everything that we do in customer experience, and be able to connect our data, and be able to connect our interactions, our transactions, we have the ability to have a really great experience for our customers as result of having this connection. >> And the Marketing Cloud has gotten some good props, too. But I want to ask you about the CMO summit that you guys had in parallel here at the Mandalay Bay, we didn't get a chance to cover it, we were busy doing interviews all day yesterday, but we heard some good feedback. Mark Hurd came in and laid down some, like, "We have all this technology, why are we getting a 1% conversion improvement?" Or, I mean, all that tech. So it makes you rethink about CMO roles. And I want to ask you specifically, what was the conversation like when marketers were trying to think of progressive ways to get modern? What were some of the conversations around where they turn things upside down, what are some of the conversations that the CMOs were having, and saying, look, we know the future's the certain direction, directionally correct data, what do I got to do? >> Yeah, well, it's interesting, we talked a lot about data. We talked a lot about hiring people who can govern data, integrate data, manage data. Several of the companies said, you know, we're in merger and acquisition all the time, and it's a huge issue for us, because a whole new data set comes in. And it may have the same customer touchpoints. You know, the same customers. And now we have to figure out how to match the IDs. And so they said it's a huge challenge for them, you know, to be able to merge all of that. >> It's a great marketing opportunity for you to go to startups saying, hey, if you want to get by the big company, and they're on Oracle, make sure you're on Oracle! >> Jennifer: Make sure to call us. >> But that's a good point. >> Peter: Extends the ecosystem. >> Jennifer: Yeah, exactly. >> But that, the whole system of record, this brings up the integration challenges of moving fast and integrating in data. >> Right, and one of the things that came out of that, which was fascinating, is, the question was asked, is IT doing that, or is business doing it? And, without fail, almost all the marketers said, we own this now. This is our thing. You know, it's the customer touchpoint, business has to own it. >> What percentage of that is ownership by the marketing folks? Because I would say that I see a similar pattern where the digital end-to-end life cycle, from beginning to moment of truth is owned by the marketer. >> Yeah, well, it's happening more and more all the time, of course. >> John: 50/50? 60/40? 70/30? >> I mean, in reality? >> Yeah, reality. Middle America, middle of the world, not Silicon Valley. >> Let's see, in reality, it's maybe 50/50, maybe. I mean, I think we have a long way to go. >> John: Well had the commerce folks on earlier, saying that, 'cause we interviewed her, two years ago at Open World, 50% now are on the cloud vs. on-prem. >> Jennifer: Right. >> On commerce cloud. That's pretty significant. >> Oh yeah, big move. But I think as far as, you know, going back to the question on managing the data, how many people, how this is happening, and who owns it yet? I think there's probably still tension across all the businesses on who owns it and how you do that. If you could drop that tension and say we really do want that customer experience, we are going to focus on the customer. >> But are seeing that, and it's an interesting point, are people battling for control of the process, or are people battling for the control of the data, or both? 'Cause there's a difference. >> I think they are controlling the data. I don't think they're controlling the process, and it would be really great if they got to just obsessing about the customer instead. 'Cause if you did that, then the question of process or owning the data would go away. 'Cause you would do what was right for your business. >> So how has that relationship been between, the crucial relationship between sales and marketing starting to evolve? 'Cause in many respects, marketing used to be in service to sales, especially in the B2B universe, and now what we've heard today, and what we agree with, is marketing needs to be put in service to the customer. You need to do valuable things for the customer, otherwise you're not going to get any business, and you're not going to get any data back. So how is the marketing/sales relationship evolving as both of you try to focus on the customer? >> Well, you know it's interesting. Of course I'm doing that in my own role. Not just watching what's happening with my customers, but in my own role, my relationship is evolving with our salespeople. And, you know, relooking at what happens with the lead? And when we get a lead, what kinds of customers are we doing this with, and how do we want to engage with our customers? And we're completely changing how we've been doing this. I think, in the past, and I think it's really easy for customers to follow the numbers. >> What changes are you guys making right now that you can talk about that would be notable business practice wise that has been based upon data? >> So right now, just reducing our numbers of leads. Making sure that they are the right ones, and match the sales models we have. >> You're still taking a lot of inquiries you're more than happy to have pour in. But you're doing a better job of qualifying. >> We have a lot of demand. Making sure the demand becomes the right lead and opportunity, I think is the most important piece of this. You know, it's interesting language. We call it MQL, a lead score lead that comes out of Eloqua. And, to me, that's not really a qualified lead. I feel like there needs to be human interaction for it to be qualified. So I think it's interesting that the industry, over time, has started calling it an MQL. To me, it's an ML. >> Is the funnel changing now? 'Cause now we also observed and had conversations here on theCUBE where, if there's now super omnichannels, not just omnichannel, but like, every channel's open. There's been a flattening of channels. So you can have anything could be a channel. The entry point to the cloud for you guys could be Marketing Cloud, it could be commerce, it could be something else. Either way, the market is involved. So there's so many channels out there, so what does that do for the funnel? Because, if you're using third party data, which you guys have announced here, with the first party data, that's a compelling, game-changing shift in thinking. So the vertical funnel to your point of, you know, what's at the top. >> There's no such thing as a vertical funnel anymore. I mean, it just doesn't exist that way. Really, if you think about how we are engaging with customers, or consumers, you know, all the time. We talk about the omnichannel world, just like you just said, you can't look at it and say, "I'm going to go out and target someone" and wait for that to come in. People are searching all the time. They're picking up their phone. We just released that CMO Club whitepaper today, you know, talking about mobility. I was laughing, because we said people look at their phones 150 times a day, and I thought, seriously, I do it 150 times an hour. I can't even imagine. >> You're the first CMO that I've ever met that has agreed with me on this one. You're awesome. All right, so the funnel is sideways, it's all over the place, it's everywhere. That brings up the data question. And I think I know where you're going with this, so I'm going to try to see if I can lead you on there. So if that premise is there, which I agree is true, 'cause we have a lot of data that we're putting out there. That's our engagement data with siliconANGLE and all of our assets. The question is, it's the data. So, if the funnel was built for a certain reason, to track things, but that's to get the data, now the data's everywhere, so this brings the question up: how do you find the right data? So is the data available? 'Cause you mentioned the customers are talking, they're doing things. >> Data's available. We have it all over, we just have to make sure we're aggregating it in the right way. So, you know, for us, we're using our DMP, we're connecting it to our third party data, which I think is a great way to do this. You can know more about your customers. In some cases, maybe more than they might know about themselves. We're learning a lot about them as a result. And I think, with that, as we talked about earlier, I want more data. I don't want less data. I want more data. I want to know more about-- >> That's counterintuitive to what most people think about it. >> Exactly, I think it's very counterintuitive. I'm really excited about IOT for that reason. I would love to be marketing to people in space and time. I want to know where you are and what you're doing so that the conversation and the dialogue I'm having with you is exactly relevant to what's happening at that moment. >> You might be an outlier, maybe, but because you work for Oracle, you got a big net. You walk on the tightrope, but you got a net called Oracle. A lot of marketers might not have that support. So you're data-driven, you want more data, bring on the data is what you're saying. >> Yeah. >> Which is good, 'cause you can make sense of it. How does a company get to that position where they would have the courage and confidence to say "bring it on, bring on the data"? What would they-- >> Find the right partnerships. I mean, you can get that data, you have your own first party data, you can get second party data with other groups. There's no reason why you can't go in and say, hey I want to partner with another business on this. Companies have loyalty programs. You can go and share, you know, anonymized data with another group like that and learn more about your potential customer base. There are ways to get at this. >> And you guys are opening up the data cloud to them. Is this a true statement? Oracle customers can get access to the data cloud? Which is all the data that you guys are providing, third party data? >> They can purchase the data. >> John: Well, they can subscribe to it. >> Yeah, they get it with purchasing DMP as well. Yeah, they can subscribe to the data. Yeah, any customer can get access to it. >> I have two questions about what you've said thus far. One was, I heard you say, I want to make sure I heard it, that it's an ML, it's not an MQL until it touches a person. Because that, at a conference where everybody's talking about AI and everyone's talking about automation, that is counterintuitive. Totally agree with you, but want to hear what you mean by that. >> Okay, so we'll distinguish what I think AI will do versus what happens when a lead comes out from Eloqua that's lead scored. So, when a lead is lead scored, you know, it's still human interaction right now that says how do I come up with a lead score? You know, so my team, we spend a lot of time, like, which metric should we be using to make sure we figure out, is truly a lead that should come out of Eloqua at this point. We spend a lot of time, and then we run the data, and we look at it and figure out what's going to be the right mix. >> So you're, in many respects, training Eloqua. Just in a very labor-intensive way. >> Jennifer: Yes, it is a labor-intensive way. >> John: That's a human-curated algorithm. >> It is a human-curated algorithm, yes, and we talk to all of our global teams, we look at absolutely every way we should do this, and then we start testing it and making sure that we get the right leads that are coming out of this. At the right rate. That matches the number of people that we have that can serve the leads, as well. Too many doesn't help us if I don't have enough salespeople. Too few doesn't help me if my salespeople are sitting there not doing anything. >> So the readiness is the knob you're turning. So that the flow of leads are popping out in capacity to fulfill them. >> Exactly, exactly. It's an interesting mix. You know, we've been doing the model that says more is better, more is better, more is better. And after while you say, you know, how are this many people going to service this x many times leads that come out of this? But lead scoring is still based on my less than perfect -- >> Peter: Discretionary observation on what this actually means. >> Jennifer: What this actually means, exactly. >> That's great, that's great-- >> So I still need a human to pick up the phone and call the person and say, you know, are you actually a perspective customer? Are you a student, or are you, you know. >> So you're using some of the inside to then validate and use your judgment, it can be very quick, and very simple, but it's a central feature of the whole process, and it's the ultimate data. It's the ultimate first person data. Did you talk to someone, are they there? That's great. Second question-- >> John: I'm not sure I agree-- >> Now we can go to the AI, I think, which is the other part of that question, which is the predictive analytics that's coming out of this now. So now we have predictive analytics are coming out of this, that are looking at this and saying, hey we can look at this a little differently and do a little more listening and see how people are really engaging. Do we have different search patterns? We're saying, do we see search patterns inside of a company that might say there really is a buying activity happening here? So, great way to look at it from a B2B perspective. Now that begins to change what's happening with the lead. >> So it sets priorities on who they should be calling. Do you still anticipate that that customer's going to get a phone call? >> Jennifer: Yes, yeah. >> Okay great, second question-- >> Hold on, I'm going to push back on that side. One little caveat I have. I agree with your statement, in the all-digital world, the users are self-serving, so you can imagine a scenario where there's no human involvement at all. I'm flying around the web, I'm surfing, I'm discovering, and I'm a person, and I'm into some marketplace, and I'm buying, I'm buying. No human touched me at all. I'm a qualified lead, but I get link-baited, or I get tracked into a discovery pattern that is completely digital. There's no human involvement in that. >> In a B2B sense, though, it's setting up the contract so someone can buy off a contract, for example. So the buying activity may be set up. >> John: Oh, you're talking about B2B? >> Yeah, B2B, always. >> Yeah, and B2C I think it's a totally different scenario. >> When was the last time you got a call from somebody at Amazon? >> John: Never. >> Yeah. So second question, and I think this a great point, it ties back to the conversation we had earlier about partners. The partner often is the weakest chain. Weakest link in the chain. In a world where digital is both informing the customer about what's good and what's bad, but also you're sharing data. You run the risk that that partner defines the quality of the entire chain. So you've got to start sharing more data, you got to start sharing. How is the role of data impacting and influencing the activity of bringing on, nurturing, measuring, ultimately managing, partnerships? >> I think you guys talked to Doug Kennedy yesterday. >> John: He's a pro. >> Yeah, he's fantastic. From a marketing standpoint, in the same way, we are going to continue to share with our partners. So if we're looking at the numbers of partners that we engage with. Could they be the weakest link? I would probably challenge you on that, I think our partners can be our strongest link in what we're doing, and are probably closer to our customers than we are, in marketing, by a long shot. So I count on my partners to bridge that gap that way, absolutely, but will we share data so we can absolutely have a better relationship, from a selling perspective? Yeah. >> First let me qualify, that when you have multiple partnerships involved, and typically a solution, a complex solution like the Marketing Cloud, what we're talking about, is going to have multiple partnerships involved. You may have three phenomenal partnerships, and one good partnership. But that one good partner could have an enormous influence over the three very good partners. That's what I mean. So the second thing is, what I'm talking about is, does Oracle compete, or does Oracle utilize its willingness to use data, especially through tooling like Marketing Cloud, and the customer experience cloud, as a way of making Oracle more attractive to partners? >> Yes, absolutely. We would absolutely want to do that. We haven't been doing a lot of it, but we are moving forward that way, absolutely. We want to have that engagement. Absolutely, we want to have that engagement with our partners. I think, especially in marketing, we don't want them to just buy technology. I mean, they need to buy the really great creativity that comes with our partners, as well. And so we have to share as much data as possible to create that great experience for our customers, through our partnerships. >> Jennifer, I want to thank you for coming on theCUBE. Appreciate you coming on, sharing the insight into your role as CMO from Oracle Marketing Cloud. Appreciate it. Just share what's up for next year. Will there be another, bigger Markies? What's on the agenda for in between this event and next year, what's the plans between event windows? What do you got going on, what's the plan? >> Okay, so, when the 12th annual Markies happens next year, roughly about this time. I think it's almost the same week. Which will be fantastic. In the meantime, we're going to do a lot of storytelling. You will hear a lot about the Markies nominees and Markies winners. We have some incredible stories to tell, it gives us a great opportunity, actually, to talk about the people. You know, for us, the heroes, that created all of these great stories for us. The technology. And how they were using the technology to really make all of this happen, and the partners that they were using. >> Yeah, Doug rolled out his new strategy to the partners, he's been seven weeks on the job, back to Oracle from Oracle in the old days. So he's a pro. >> Jennifer: Yeah, oh yeah, he's great. I worked with him at Microsoft. >> And integrating into the Oracle cloud, still part of the plan? >> Jennifer: Yes. >> Cool. >> Just staying connected with the rest of Oracle, absolutely, we are Oracle. >> We will keep track of the stories with you guys. So we'll be tracking them. >> We'll be telling them with you, all year. >> We'll be documenting them. Jennifer, thank you so much for coming on theCUBE. Congratulations on the very successful event. >> Thank you very much. >> We're looking forward to hearing the data stories that you're using, and expanding on that next time. It's theCUBE live here at Las Vegas, at Mandalay Bay, for Oracle Modern CX show, #modernCX, this is theCUBE, I'm John Furrier with Peter Burris, more after this short break.
SUMMARY :
Brought to you by Oracle. and extract the signal from the noise. thanks for spending the time to come on theCUBE. Thank you for having me, I mean, the Markies was like the Golden Globes, You know, during that time period. And as manifest by the show, Really looking at the stories that we tell. But the question was, man, if you can just that goes with this, so, you know, And I want to ask you specifically, Several of the companies said, you know, But that, the whole system of record, Right, and one of the things that came out of that, is owned by the marketer. all the time, of course. Middle America, middle of the world, not Silicon Valley. I mean, I think we have a long way to go. 50% now are on the cloud vs. on-prem. That's pretty significant. But I think as far as, you know, or are people battling for the control of the data, 'Cause if you did that, So how is the marketing/sales relationship evolving and how do we want to engage with our customers? and match the sales models we have. But you're doing a better job of qualifying. I feel like there needs to be human interaction The entry point to the cloud for you guys or consumers, you know, all the time. so I'm going to try to see if I can lead you on there. So, you know, for us, we're using our DMP, to what most people think about it. I want to know where you are and what you're doing bring on the data is what you're saying. Which is good, 'cause you can make sense of it. I mean, you can get that data, Which is all the data that you guys are providing, Yeah, they can subscribe to the data. but want to hear what you mean by that. So, when a lead is lead scored, you know, So you're, in many respects, training Eloqua. That matches the number of people that we have So that the flow of leads are popping out And after while you say, you know, on what this actually means. and call the person and say, you know, and it's the ultimate data. Now that begins to change what's happening with the lead. Do you still anticipate that that customer's in the all-digital world, the users are self-serving, So the buying activity may be set up. it ties back to the conversation we had earlier and are probably closer to our customers than we are, So the second thing is, what I'm talking about is, I mean, they need to buy the really great creativity What's on the agenda for in between this event and the partners that they were using. back to Oracle from Oracle in the old days. I worked with him at Microsoft. we are Oracle. We will keep track of the stories with you guys. Congratulations on the very successful event. We're looking forward to hearing the data stories
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