How often do you bank? ?
For me, it’s a few times a week, but more frequently when I have a few bills to pay. Today, digital technologies makes checking balances, transferring money and even depositing checks an “anytime, anywhere” process using apps and mobile devices. Banks and other financial institutions that plan to stay ahead of the digital disruption must find innovative ways to transform and differentiate themselves. Otherwise, they may end up a part of the estimated four out of today’s top 10 financial services giants that could be displaced by digital disruption in the next five years or as Chris Skinner predicts, ‘see all their margin on traditional products erode in the next decade’.
During our latest #CiscoChat, banking futurist Chris Skinner (@Chris_Skinner), chairman of Europe’s Financial Services Club, joined @CiscoFSI for a live and fun discussion on how banks can make money, when everything is ‘free’. When transactions are table stakes.
If you missed the chat, the full recap is here. Below, I summarized a few of the highlights and insights. Read More »
Tags: banking, Business Trends, Chris Skinner, ciscochat, customer experience, digital, digital disruption, Financial Services, Social Chat, social media
“Bankers’ hours” started disappearing with the advent of ATMs in the 1970s and 1980s. Today, online and mobile access has made the transactional side of banking a 24/7, anytime, any place proposition. And that’s just the beginning. Innovative financial institutions and startups are also bringing disruptive new business models to deliver higher value banking interactions, such as financial advice and wealth management. The drive to the branch has been replaced by the drive to digital.
How can financial institutions stay ahead of this wave of disruption? I hope you’ll join me @pdjameson on the upcoming #CiscoChat to tackle that question next Tuesday, November 3rd at 1:00 PM EST / 10:00 AM PST. Together, we’ll consider such questions as:
- In an age of commoditized transactions, how can banks differentiate themselves?
- Where should banks focus as they seek to evolve their current business models?
- What kinds of on-demand services do customers want?
- What’s the key to winning wallet share of the digital customer?
Read More »
Tags: Chris Skinner, Cisco, ciscochat, customer experience, digital, digital disruption, Financial Services, Paul Jameson, social media
Just about everyone today knows the power of social video; however, some do not know how to articulate the top reasons why marketers should incorporate video into our marketing campaigns. I have combined my 15 years of experience in marketing, communications, e-commerce and social media management with degrees in Videography and Public relations to compose the top 3 reasons for integrating video. These top three reasons will help you modernize your marketing efforts by giving you best practices in video that will not only enhance your marketing budget/efforts but will also extend your ROI by way of greater adoption through engagement and reach.
Read More »
Tags: Blab, periscope, social media, Social Video
Blogs can be tricky. They are a great asset until you realize you haven’t posted in a week. Or, one day you wake up and there are 13 blogs you have to review and approve.
An essential component to any social media strategy at a company is a good blog program. We have an open blogging system and authors are able to publish directly – this is a good thing! However, how do you manage an influx of blog requests that can impact the overall engagement and metrics of your blog?
What can you do when your blog becomes wild and untamed?
1. Start with an audit of all bloggers
When we performed an audit we realized some of our authors had changed organizations and were no longer focused on blogging and a number of the authors had not blogged in over a year. We removed the individuals who had changed focus and those who had not blogged for a significant amount of time.
2. Re-train the authors
After the audit, we noticed some of our active bloggers had another issue – blogs were written in formal, company-branded voices that read more like a press release. We wanted our blog to highlight the individual voices and share real stories. We trained over 100 bloggers in three different sessions on how to bring their own voice to their blog, encouraged them to share photos, graphics, and videos. We also reviewed best practices such as SEO for blogs, how to use the “read more” function, and create a custom tweet for each blog article. This kind of training can help even seasoned bloggers understand new trends in blogging and social media, new tools available in the blogging platform, and reinforce company guidelines.
3. Use Gamification
Cisco had recently partnered with Bunchball to create Social Rewards – social gamification and badges on the blog site for authors and subscribers to the blogs. In our training sessions, we encouraged authors to use the Social Rewards to help boost their own author profile and to support the other authors on their team. After we reviewed the program we had some very healthy competition going on who could reach higher levels.
4. Focus on Engagement, Not just Page Views
In all our training and efforts, we focused on engagement and social shares on the blog, not just page views and visits. When an individual puts their social profile behind content by sharing it on their social media accounts, they are giving you a true stamp of approval. This is a significant measure of just how well your content is resonating with your audience. As a team, we set an initial goal of a minimum number of social shares per blog to encourage authors to think deeper about what their audience wanted to hear – and to encourage personal sharing on their own account. It was a naturally occurring result that by encouraging our audience to take part in the Social Rewards program, we were also encouraging social shares.
5. Build an Editorial Calendar
We set a self-service editorial calendar where bloggers could sign up for their blog timeslot. We limited blogs to no more than two a day and limited posts on “big news” days. By having a public editorial calendar, we allow the authors to see what is being planned and if their content is redundant or something fresh and new. When conflicts arise, we leave it to the bloggers to decide amongst themselves which topic should be a priority.
6. Measure and Report
Measurement is critical. I ran a baseline for five months before we started the audit and all other aspects of the new program. Then, every month we ran reports on top blogs and the lowest performing blogs. We looked at social shares, unique visitors, and page views. We tracked month over month success and called out the areas were we did not see success.
By implementing the steps above we saw a major change in the blog content and performance. From January 2015 to July 2015, the average social shares per post increased by 40% and the average unique visitors per post increased by 555%! In addition, after May we saw zero blogs with under 50 social shares. This is our success story!
Tags: blog, social media
You may have heard the news coming in from Twitter this week…
Cisco Data Center, @CiscoDC, received the opportunity to be one of the first Twitter handles to have the polling enabled on to our account. (Yes, we do feel special too). Here at Cisco, we are excited to test the feature so we conducted our first poll yesterday with great results.
Benefits of Polling
One of the biggest benefits to Twitter Polls is that it gives brands a new opportunity to engage with their Twitter network. The most obvious benefit is that brands now have the opportunity to ask anything and get feedback in real time. The real time aspect of Twitter’s new polling feature will enable quicker decision making that will help brands create more effective social media campaigns.
Time and Analytics
Each poll is live for 24 hours, which gives people only 24 hours to choose one answer of the two you can provide. No third or fourth answers are possible. During this time you will be able to see real time analytics of the number of respondents and the current results of the poll . Your respondents are able to answer the question anonymously.
During Polling Analytics Information
During the 24-hour response period, mobile users are able to see the question rendering in two big buttons like this:
Participants are also able to see how many people have already voted and how many more hours the poll is open to respond.
After participants have answered, they are able to see via visual confirmation, their choice and also the real time results of the poll as show below:
Post Polling Analytics Information
Once the poll has closed, everyone (whether they have participated in the poll or not), will be able to see the results of your poll. As seen here:
For the initial tweet, you are limited to 95 characters and for each of the possible answers; you are limited to 21 characters. Clear messaging and a concise plan will be critical for using this feature.
Are you excited to use this feature on your account? What would be your first poll question be?
Tell me in the comments below.
Tags: customer engagement, social media, Twitter best practices