Marc Benioff, CEO of Salesforce.com, has an aversion to
email. At the Consumer Electronics Show
(CES) 2013, his keynote speech was entitled “How are you connected with your
customer, your partners, your employees. Email? Those
days are over.” Marc should pick up a
copy of this month’s Foreign Affairs and carefully read the article
written by Kenneth Cukier and Viktor Mayer-Schoenberger entitled “The Rise of
Big Data”. Their key insight is that
“Large amounts of messy data trumped small amounts of clean data”.
Marc needs to think beyond the current fad of social
networking and realize that the next $1 billion of revenue is in making use of
big data. With big data in his pocket,
Salesforce.com’s current overblown valuation might actually be sustainable.
Currently, the big data component of customer relationship
management is email and voice; two old technologies that make up 99% of
customer interaction. Think about it,
what else is there? Currently, cloud integration
technologies exist that can consolidate all voice and email interactions inside
a CRM system and make them available for data mining.
Using that mountain of raw and messy data, sales executives
can apply data analysis techniques that can unlock patterns in customer
behavior and use those trends to monitor and optimize the sales process. On a simple level, daily sales rep activity
can be measured. How many emails and
calls did a sales rep receive; how many emails and calls did he or she send/make? More specifically, identify those Leads and
Opportunities that are hot and those that are cold. Look for linguistic clues in the email bodies
and voice-over-IP transcripts as to why certain deals closed and other deals
were lost. Look at correlations
between won deals and email subject lines to determine which phrases led to
commercial success.
But to gain the benefits of big data in a CRM system,
Salesforce.com needs to adjust its thinking.
Up until now, Salesforce.com has been about a small set of clean
data. Salesforce.com account reps are
trained to create FUD (fear, uncertainty and doubt) about email and
voice-over-IP clutter. More
importantly, Salesforce.com pricing nudges customers away from big data
concepts because storage is limited to absurdly low levels: Enterprise Edition users get 20 MB of Data
Storage, only enough for a few months of email and voice-over-IP data;
Unlimited Editions users, which in fairness are used by the majority of major
corporations, get enough storage for about 18 months. Salesforce.com needs to unlock these
constraints and give customers the space to import big data and analyze it.
There are two cloud services on the AppExchange that can be
used as the foundation for email and voice-over-IP big data in Salesforce.com. Match My Email offers automated Salesforce
Outlook integration. It is different
from the other tools and services on the market because it creates a 100%
complete and accurate email log in Salesforce.com with no user
intervention. This comprehensive data is
then available for analysis. Shoretel
offers a voice-over-IP integration cloud for Salesforce.com. The Shoretel service logs every voice
interaction to Salesforce.com together with a transcript of the telephone
call. Because it works completely in the
cloud like Match My Email and Salesforce.com, it captures every phone call
regardless of where it is made – mobile phone or office phone.
Making use of apps such as these, Salesforce users can begin
to harness the power of big data on their own, and maybe Salesforce will then
move in that direction.