21:33 – A Centrepoint to Define a 360° View
Moderator: Aaryan, is there an allowance or a centrepoint to define a 360° view versus coming up to allow just the hospitals to have their golden customer record? How does that play? Who’s looking at what? Can we go into that a little bit? Alghanim is different but there will be a small overlap. How do we bridge that? Who’s looking at it? How much is too much?
Aaryan Kapur: No, that’s a very valid question. In fact, in my previous stint at Alshaya, this was still something that we were figuring out because obviously, there are multiple brands. Medcare is also a part of the Aster Group. That is also something which caters to a different set of people altogether compared to Aster Clinics or Pharmacies and Hospitals. It is very important to have a central team in place at least, to look at all of the customers combined and then understand what are the insights that we can take out from there. It could be as simple as some demographics, it could be region-specific, or it could be some patterns that you identify of people moving from a clinic, a pharmacy, and then moving to a hospital. This could be one pattern.
So in order to do that there should be a central team of data gathering, people who are taking in data from all of these touch points. And then there need to be different BUs (Business Units) that are also gathering their own respective data, taking insights, and taking actions based on that. There needs to be a governing mechanism for that. There has to be a conversation within the organization to have a win-win situation for both the business units as well as the central marketing team just so that you’re not spamming that user. Users are looking for solutions and not spamming. That is where the governance piece lies. If these three aspects are taken into consideration together and amalgamated then it will be the best user journey for any consumer walking into your store.
Moderator: Anything to add Ahmad?
Aaryan Kapur: Yeah ultimately, what it comes down to is business goals. So you can collect how much ever data you want because data is infinite. What happens is that as a business leader and a business head, you need to define the goals and improvements that you want to work upon and then you need to collate data to be able to tackle those points.
You build the goals, you define the strategy you need to achieve success. You define within the team or within the business, what does it mean to be successful when it comes to those particular goals. Data will help you achieve those goals and on that journey. Ultimately and effectively what happens is that you are collecting data points to ensure that pre-identified problems and improvements are getting collected to be able to build pre-identified goals. That’s the best we’re looking at.
I agree with Aaryan, there should be a team that focuses on a central repository of data. As Business Heads, you go ahead and tell them, I want to take a look at leads, my best customers, my active customers, and by that, you will be able to pull these different segments of data to turn into something measurable and actionable.
Moderator: Aoun, go ahead, please.
Aoun Raza: I think just to add on, both Aaryan and Ahmad hit the nail on the head. Just something to add-on here is that I have seen that whenever you have a talk with the territory head or any of the business heads, everyone wants to talk about revenues. There needs to be a central team that is holding the data in place but that team’s DNA should circulate around the customer. It shouldn’t be around the business, it shouldn’t be around the ROIs that are being driven or the revenues that need to be generated or targets. It needs to be around the customers.
Today we’re in a situation where iOS has taken back information from the marketers. We keep coming to these things like Facebook is struggling because of these insights, etc. We came to this situation because the data was abused by the marketers. You need to build a brand, a name that a customer wants to give information to.
If you want to buy a property, you are going to place your information on the market in order to bid for the best Villa in that community. If there’s a child being born in a customer’s family then you need to respect the journey of that child being delivered, or the process of buying gifts for that child, buying essentials, and building a room for that child while they are growing up.
So you need to make sure that the team that hosts this data centre is focused on the customer’s mind and not purely on business and revenue because if that’s not the case then you start losing there. You start losing on earnstalls, you start unsubscribing, and especially you are back to square one where you are paying more people to subscribe and install your apps. Across the board, seven different apps, and eight different brands may be hosting your data and feeding your funnel. That funnel governance, as Aaryan mentioned, should lie with somebody who has a focus on the customer.