Show notes
Making intelligent decisions is critical for all businesses, but relying on good information is becoming more critical than relying on what worked yesterday. Today we're going to talk about data-driven decision making in B2B marketing and sales. I'd like to welcome Kunal Mangal, Associate Director of MarTech Strategy at Verizon Business Group, who leads the Pega Decisioning platform team within their marketing technology organization. Resources The B2B Agility podcast website: https://www.b2bagility.com Sign up for The Agile Brand newsletter here: https://www.gregkihlstrom.com Get the latest news and updates on LinkedIn here: https://www.linkedin.com/showcase/b2b-agility/ Check out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology: https://www.agilebrandguide.com B2B Agility with Greg Kihlström is produced by Missing Link—a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content. https://www.missinglink.company Transcript Note: this was AI-generated and lightly edited. Greg Kihlström: I had the opportunity recently to present at the B2B Marcom Summit in Reston, Virginia, and interview Kunal Mangal from Verizon Business Group, and wanted to share this conversation we had about data-driven decision-making. So I hope you enjoy. So thanks, everybody, for joining us. We're going to talk about data-driven decision making in B2B marketing and sales. And certainly, we've been talking a lot today about a number of things. Certainly, data has come up in several conversations, and its importance, and whether that's just in doing better marketing and aligning teams and doing AI better. Today we're going to talk about how data feeds into just making better decisions in the enterprise. And I'm joined by Kunal Mangal, Associate Director of Martech Strategy at Verizon Business Group. He leads the Pega Decisioning Platform team within their marketing technology organization. So Kunal, welcome here. And why don't you start by talking about your background and your role at Verizon Business Group. Kunal Mangal: Sure, yeah. Thanks, Craig. And thanks, everybody. I know there are a lot of sessions going on right now. So thanks for joining us. Thanks for choosing ours. Yeah, so I, by background, I started in technology and I was basically a computer programmer, mainly, you know, Java, web technologies were pretty big those days, 20 years ago. So that's how I started in ERP software industry. Then I went back to grad school, finished my MBA, and since then it's mostly been you know, recession was just over and all that. So everybody's trying to squeeze value. That was a time when in financial industry a lot of regulatory changes were happening. Things were getting digitized, centralized. And they said, hey, you know data. You know some numbers and stuff. Why don't you get into it? So then, since then, I've been more into like digital transformation, you know, revenue optimization. other sort of marketing problems like churn prevention and all that using data science automation. So slowly, slowly, you know, learn the ropes and did it in various domains I've been into in financials like, you know, online banking and payments and mortgages and all that. And then switched to telecom after moving to here, like, I think Virginia, about four years ago. And there in Verizon, my role is I'm leading what they call so-called data-driven decisioning framework. And we basically, what we try to do is create data-driven, what we call next best actions, looking at you as a customer. What is the text by section for you looking at your whole relationship your current context and all that and how do you operationalize it in various channels? B2b channels, you know where it's digital. It's outbound. It's so that's what we do and the way I mean. So basically it's a sort of a. mix between technology, data science, and marketing. So we try to figure out where in our marketing flows can we implement more data-driven intelligence and what kind of value we can drive, and then how to design and implement it. That's all we do. Greg Kihlström: Great, great, and so your position, your title here, you lead the Pega decisioning platform team within Verizon Business. For those a little less familiar, I'm very familiar with Pega, with a few clients, but for those a little less familiar, could you describe what is that platform and at a high level, how are you using it? Kunal Mangal: Okay. Yeah, sure. I mean, Pega is a big software company. They've been around for, I think, more than four or five decades, probably. So they create, they have things like CRM and business process automation softwares, but they also have this thing called, what we use is called Customer Decision Hub. What it is, it's a portal that allows you to Implement automated decisioning strategies and it's a fancy name for maybe recommendation so you can say so. What it does, so the main advantage here is that there's this one portal you can bring in data from various sources. You can create business rules. You can create machine learning models. It has built-in experimentation abilities and all that. And so you can manage all that, plus your actions and stuff, your recommendations, what kind of things you want to recommend. Those things, all together, you can manage in a central, low-core type of environment. And then you could serve it into different channels of engagement platform just using standard API architecture. So in a way, I mean, you basically use one brain. To figure out how to decide on if somebody walks in, what's the best, what's their need, what to recommend for them. You can just decide all that in one place, and you can serve it out to different channels of engagement. So if you do it well, you're giving a real omnichannel experience, and then you're using feedback from what happened to my recommendations from multiple channels to further enrich your AI models. So that's what it is. In essence, it's nothing, I would say, There's nothing you can do with it that you cannot do without it. It just makes it managing it, you know, it easier at scale. And I think the go-to-market is faster because, you know, there's a low-code environment as I said, so it doesn't take a lot of time to build new strategy or bring in new actions and stuff like that. Greg Kihlström: Yeah, because part of the challenge with a lot of this stuff is just getting the right pieces aligned, right? Because it's not just platforms, it's teams, it's data, it's all of those things. So just kind of centralizing that in one place can be really helpful. Kunal Mangal: Yeah, and plus another thing is that, I mean, in organizations like you, like Verizon, you know, we have so many channels of engagement with the customers. And if you want to implement the same logic or, you know, same sort of intelligence and multiple, you have to do it multiple times. So better do it in one place. So yeah, that's, I mean, but you're right. I mean, the centralization in this case helps. I mean, although I know that it's not good for everything, but so that's the idea, but it's still a challenge to kind of do it right. Greg Kihlström: Yeah. So you mentioned in your experience you've worked with in a number of different industries. You've worked on the B2C side as well. What's now working in B2B. What's been your experience. You know what's what's been different from your experience. And you know what are what are you seeing there. Kunal Mangal: Yeah, I mean, I started in B2C, and to be honest, I'm not like a hardcore nuts and bolts marketer, but I kind of learn along the way. I think some ideas and some concepts, I mean, are very much similar in B2C and B2B. So, for example, we talk about, like, there was a session earlier talking about personalization. Personalization is equally important in B2B and B2C. Now it worked in different ways, I mean, but basically you're saying, tailoring messages and offers and experiences based on data-driven insights. It gets more sophisticated actually in B2B because think about it, you're working with multiple stakeholders within the same client organization. If I'm talking to the CTO of a company and try to pitch something versus I'm talking to the HR head, their needs are different, their perceptions are different. So how do you personalize your contacts with the customer? I think that if you learn some techniques or you know, best practices in B2C, a lot of them are equally applicable in B2B, so that's one thing. Same thing with customer experience, I would say, in CX, you know, smooth, hassle-free experience from initial contact to making a sale, onboarding, ongoing support after that. It applies same in both, like business customers also, they want hassle-free experience. So again, if you learn something in B2C, you have to understand that's equally interesting and important. Some of the differences I would say is content marketing, although it is there in B2C as well, but I think it gets much more sophisticated in B2B because the nurturing period is much longer in B2B. You know, you're looking at…I'm sorry, I'm speaking from a telecom perspective probably, but, you know, I mean, new model comes in, everybody wants it, they're just looking for the best deal. But in B2B, you know, you don't sell stuff by exciting people. You have to show them the value, you have to understand their pain points. So I think the nurturing part, the content marketing part in B2B is something that you touch upon in B2C, but I think it gets much more sophisticated and complex in B2B. And when they talk about things like Gen AI and all that, so I see a lot of that, a lot of people trying to figure that out. Greg Kihlström: Yeah. And so a lot more time spent in the journey and a lot more potentially decisions and hurdles to get through in the process. Kunal Mangal: Definitely. So that's one thing I'm learning. I never took it seriously in B2C and I was like, oh, it's a big deal now. Greg Kihlström: Yeah, so a big part of your role involves data-driven decision-making, as you said, and a lot of that has to do with data, a lot of that has to do with platforms, but there's a huge people and process component to that as well, right? So from your perspective, even having the right tools in place and the data connected and all of that stuff, what's the mindset shift from a, well, we did it this way and it worked, that anecdotal perspective versus a really truly relying on data to make decisions? Kunal Mangal: Yeah, that's a great question because, I mean, believe it or not, that is the biggest challenge. And so I think the mindset change has to, first of all, start from the top. You know, you have your topmost leadership needs to demonstrate that they are using data for their own decision making. They need to be seen as doing it. You know, you go to meetings, they need to ask for data, insights, evidence. You know, you go for a proposal approval, you have to understand that my leaders are going to ask me for concrete evidence. So that is the first thing, so that everybody knows that, okay, you know, we value data and we value fact and reality. So that's one big chain, I think. And many times these initiatives tend to, people tend to start them from like one division or, you know, one little corner of something. It doesn't work. It's not going to scale well. Second thing I would say is the culture of collaboration and the cross-functional cooperation. Because see what happens is if you're saying, we're going to start using more data to make our decisions. First thing is you have to get that data, and it doesn't stay in one place. Earlier, if you run a business unit, you would say, I own my data. So you have to open your data up, to other, because you have to create some data layer, which is not just your business unit or your department. So open that data up to other people. Open your decision-making processes up, too. And that could create insecurities. That could also create, because if you're not seeing the value, you're like, why are we doing all this? So that is, I think, a big mindset change, also, that you have to learn to collaborate better. And I think third is, probably like having a culture of like constant improvement learning and curiosity and this may sound preachy but think about how data science works right I mean you cannot have the most perfect model on day one it needs feedback it needs more and more data to constantly improve itself, plus things change. Customer behavior changes, the way new data sources emerge and all that. So if you don't do that, that culture of where folks are questioning things and saying, hey, we built this model last year, but is it still good? So basically, are you measuring it constantly? Are you willing to you know, work on continuous improvement. I think that is also, that kind of culture is very important, too. I mean, like, so employees should be encouraged to ask questions, to investigate, and, you know, so I think there's a couple of, I mean, so these things, I think, from a mindset perspective, you know, leadership, demonstrating the need, and then business units opening up and collaborating more, and trying to incorporate that at an employee level, that culture of, you know, curiosity. Greg Kihlström: And so from that really talks about from the internal perspective, what about from that customer perspective? I mean, at the end at the end of the day, everyone is driven towards, you know, sales and revenue growth and lifetime value and stuff like that. But how does the customer experience kind of weigh into this this notion of data driven decision making? Kunal Mangal: This CX remains the most important thing. I mean, honestly, so no matter how smart your decision-making is, if you're not communicating it to your customer at the right time, in the right context, using the right channel, it's not going to work. And it has. I mean, it has happened to us many times. Our setup was great, but we didn't see much adoption, or we didn't see much success. So one thing is, yeah, I mean, no matter how great your data-driven insights are, you've got to figure out, from a customer experience perspective, where does it make sense the most, how to present it, what content should be delivered to convey this action or whatever to the customer. I mean, in fact, in companies like Verizon, I mean, a lot of our efforts of, you know, spending or creating data-driven initiatives and projects are geared towards improving customer experience. And, you know, you measure, you know, customer experience using multiple things. But they're saying, okay, well, we have gaps here. Net promoter score we want to increase. So how do we do? How do we use? So a lot of actually effort is going towards improving CX. Greg Kihlström: Yeah, so that's the desired end result, essentially, is that CX. So you talked about the feedback loop and the importance of that. There are a number of ways to get there. So, you know, you talked about how, you know, we're not going to get things perfect on day one. You know, the idea of machine learning even and all those things is continuous improvement. What about, you know, another way of doing that is to do like the pilot project and the small, you know, the small thing and grow from there. What's, you know, in an organization like yours, you know, is it, does one work an…
Full show notes at the publisher 
Our TOPPODCAST Picks 
Stay Connected
