article thumbnail

Accelerating Customer Adoption at the Bottom of the Pyramid

Harvard Business Review

They encourage viral marketing through early adopters. It starts with a trickle : To illustrate this challenge from my own experience, let's look at the example of drip irrigation , a technology that has been around for more than 50 years. So how to reduce these risks and accelerate early adoption?

article thumbnail

Big Data and the Role of Intuition

Harvard Business Review

For example, at Caesars Entertainment — an early and continuing user of analytics in its business — the initial focus was on analytics for customer loyalty and service. CEO Gary Loveman noted that he knew that Caesars (then Harrah’s) had low levels of customer loyalty across its nationwide network of casinos.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Prepare Your Workforce for the Automation Age

Harvard Business Review

The pace of robot adoption may surprise us, just as the internet spread more quickly than many anticipated. Harnessing the power of machine learning and other technologies. Freeways full of driverless cars and beer trucks are still far off, because of technological and regulatory limitations. So early preparation is needed.

article thumbnail

Why Amazon’s Grocery Store May Not Be the Future of Retail

Harvard Business Review

Retail is littered with promising technologies introduced with great fanfare that didn’t become mainstream because they didn’t sufficiently benefit either the retailer or the customer. So before adopting any technology, retailers must answer two questions: How does this benefit us? And will consumers like it?

Retail 8
article thumbnail

How Blockchain Can Help Marketers Build Better Relationships with Their Customers

Harvard Business Review

Blockchain technology is not well understood and subject to a lot of hype. However, there are many reasons to invest the time now to understand the technology and begin exploring specific marketing applications for your industry. Blockchain technology allows for near-zero transaction costs—even on microtransactions.

article thumbnail

How to Engage Your Customers and Employees

Harvard Business Review

Improved engagement creates business value and strategic differentiation, and technology is enabling a shift from transactions to engagement. The recurring problem — culture always trumps technology in adoption of new tools. Haphazard approaches to engagement negate good intentions.

B2C 15
article thumbnail

How Location Analytics Will Transform Retail

Harvard Business Review

By leveraging connected mobile devices such as smartphones, existing in-venue Wi-Fi networks, low cost Bluetooth-enabled beacons, and a handful of other technologies, location analytics vendors have made it possible to get location analytics solutions up and running fast at a minimal cost. Retail Technology'

Retail 8