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MoEngage Unveils New Tools to Help Marketers Adapt to Consumer Trends

MoEngage Unveils New Tools to Help Marketers Adapt to Consumer Trends

MoEngage, a leading cross-channel customer engagement platform, has launched new features designed to help marketers quickly adapt to shifting consumer behaviors. These updates, introduced at the bi-annual MoEngage NEXT event, include Connected Apps for seamless data integration, a Salesforce CRM integration for streamlined data exchange, and Coupons for managing single-use discounts. “Our new capabilities reinforce our commitment to empowering marketers with tools to understand and adapt to evolving consumer expectations,” said Raviteja Dodda, CEO and Co-Founder of MoEngage. “These innovations enable our clients to scale personalized engagement based on individual preferences and behaviors.” Tackling Fragmented Engagement Tools Marketers often struggle to deliver personalized experiences due to disconnected engagement tools and data silos. To bridge this gap, MoEngage introduced Connected Apps, a low-code framework that integrates data across messaging platforms, advertising channels, IVR systems, data warehouses, and chatbots. Enhanced Integration with Salesforce CRM The new bi-directional native integration with Salesforce CRM simplifies data exchange between the two platforms. Marketers can now trigger real-time personalized campaigns without needing costly custom integrations. This integration not only improves efficiency but also reduces operational costs. Streamlining Coupon Management To enhance customer engagement, MoEngage launched Coupons, a feature that helps marketers allocate and manage single-use discount codes from a centralized dashboard. The tool includes real-time updates on coupon status, alerts for shortages and expiration dates, and ingestion tracking, ensuring smooth campaign execution while optimizing costs. Driving Scalable and Personalized Engagement With these innovations, MoEngage continues to solidify its position as a go-to platform for marketers seeking to adapt quickly to consumer trends. By addressing common pain points like data fragmentation and inefficient tools, MoEngage enables marketers to deliver meaningful, personalized customer experiences at scale. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Tools to Liberate Salesforce Data

Salesforce Chose a Human-First Approach to Promote AI

Why Salesforce Chose a Human-First Approach to Promote AI Salesforce won Gold in the Use of GenAI category at The Drum Awards for Advertising by creatively addressing AI-related concerns while demonstrating the power of responsible AI adoption. Here’s a look at the award-winning campaign. Salesforce Chose a Human-First Approach to Promote AI. The Challenge The rapid adoption of AI last year triggered widespread anxiety. Many professionals felt their jobs were at risk, and concerns grew over AI’s trustworthiness, ethical implications, and potential to replace human talent. Businesses needed to address this apprehension while showcasing the transformative potential of AI in a responsible manner. The Strategy Amid the rising uncertainty, Salesforce saw an opportunity to lead the conversation by aligning the campaign with one of its core values: innovation. Rather than positioning AI as an independent solution, Salesforce sought to show that its true power lies in the hands of creative humans who apply it thoughtfully. The campaign aimed to demonstrate that AI isn’t inherently good or bad—it’s a tool, and its impact depends on how it’s used. Salesforce’s creative and production teams integrated generative AI as an assistant, ensuring that AI enhanced human creativity rather than replacing it. This approach positioned Salesforce as a leader in responsible AI adoption, both within the creative industry and across broader business applications. The Campaign Execution Salesforce embraced a “walk the walk” approach to responsible AI by using generative AI tools to assist, not replace, its human creatives. The result was a campaign that resonated deeply with Salesforce’s target audience of business decision-makers, sparking conversations around trust and innovation. The Results The Ask More of AI campaign achieved exceptional outcomes across various metrics: Salesforce Chose a Human-First Approach to Promote AI By adopting a balanced approach—leveraging AI to enhance human creativity without replacing it—Salesforce successfully addressed AI-related fears while positioning itself as a trusted innovator. The campaign not only elevated Salesforce’s brand but also set a benchmark for responsible AI use in marketing. Through “Ask More of AI,” Salesforce demonstrated that trust and purpose are the cornerstones of unlocking AI’s potential. Like1 Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Cool and New AI

Cool and New AI Cool and New AI

AI is revolutionizing the way we work, offering a wide range of tools beyond ChatGPT that can enhance efficiency, creativity, and productivity. Whether you’re working with data, code, marketing, videos, images, AI bots, or research, here are the top AI tools that can transform your workflow. Cool and New AI. Don’t get spooked. There will be a cornucopia more in November. 🌟 Code 1️⃣ GlideTurn spreadsheets into powerful mobile apps without writing a single line of code. Glide makes it easy for non-developers to create professional apps with minimal effort. 2️⃣ BubbleA visual programming platform that allows users to build web applications without any coding knowledge. Ideal for entrepreneurs and startups looking to launch digital products quickly. 3️⃣ AskCodiThis AI coding assistant speeds up coding tasks, offers helpful suggestions, and simplifies debugging for developers, making it a must-have tool for coding professionals. 🌟 Data 1️⃣ BasedLabsA robust data analytics platform designed for scientists and engineers. BasedLabs offers complex data processing and model building with exceptional precision. 2️⃣ Coral AIPerfect for data-driven professionals, Coral AI provides efficient edge AI tools for processing large datasets and delivering insights with on-device intelligence, speeding up tasks. 3️⃣ JuliusAn AI-powered tool for market researchers and data analysts, Julius streamlines data processes and offers powerful insights into market trends. 🌟 Marketing 1️⃣ Sprout SocialThis all-in-one social media management platform leverages AI to help marketers optimize their social presence, engage with audiences, and track detailed analytics. 2️⃣ AdCreative AIEnhance your marketing campaigns with AI-generated ads that convert. AdCreative AI allows marketers to design high-impact, creative ads effortlessly. 3️⃣ Jasper AIA top tool for content creators, Jasper AI assists in crafting high-conversion marketing copy, blogs, and ad texts at scale, making it indispensable for digital marketing. 🌟 Video 1️⃣ SynthesiaCreate professional videos without the need for cameras or actors. Synthesia’s AI avatars enable you to produce multilingual videos, making it ideal for corporate and educational content. 2️⃣ HeygenThis AI tool simplifies video production by allowing users to create AI-generated videos, perfect for marketing campaigns or training materials. 3️⃣ Opus ClipOpus Clip transforms long-form video content into short, engaging clips optimized for social media, helping creators repurpose content easily. 🌟 Image 1️⃣ Getimg.AIAutomate image creation with Getimg.AI, which enhances your visual content by generating high-quality images in minutes, speeding up the design process. 2️⃣ PicsartA versatile image editing and design platform with AI tools that make creating stunning visuals effortless, making it ideal for social media, advertising, and creative projects. 3️⃣ Leonardo AIA powerful AI-driven tool for creators, Leonardo AI helps generate high-quality images, illustrations, and graphics, making it an essential tool for designers and artists. 🌟 AI Bot 1️⃣ LiveChatAn AI-powered live chat solution that integrates seamlessly into websites to provide real-time customer support, enhancing business communication. 2️⃣ LandbotThis tool helps create conversational experiences with AI-powered chatbots for customer support, sales, and lead generation, automating client interactions. 3️⃣ CustomGPTA customizable GPT-powered AI chatbot tailored for specific industries and businesses, perfect for providing personalized customer support. 🌟 Research 1️⃣ ChatPDFTurn PDFs into interactive documents with ChatPDF, allowing users to easily navigate and extract information using an AI-based assistant. 2️⃣ VidIQVidIQ provides AI-powered tools to optimize YouTube content for better engagement and visibility, making it invaluable for content creators. 3️⃣ SemrushAn advanced SEO platform powered by AI, Semrush gives marketers and researchers deep insights into online visibility, helping boost content performance. AI extends far beyond ChatGPT. This diverse range of tools is designed to make your work more efficient and productive, whether you’re coding, marketing, creating content, or conducting research. Embrace these AI tools to unlock new levels of creativity and efficiency. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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AI Agents and Digital Transformation

Ready for AI Agents

Brands that can effectively integrate agentic AI into their operations stand to gain a significant competitive edge. But as with any innovation, success will depend on balancing the promise of automation with the complexities of trust, privacy, and user experience.

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AI Agents, Tech's Next Big Bet

AI Agents, Tech’s Next Big Bet

What Marketers Need to Know About AI Agents, Tech’s Next Big Bet Companies like Salesforce and OpenAI are making significant investments in AI agents, which are digital assistants poised to represent the next evolution of artificial intelligence. These agents promise to autonomously handle a variety of tasks, from making reservations to negotiating business deals. During OpenAI’s DevDay event in San Francisco last week, the company showcased a voice bot that successfully ordered 400 chocolate-covered strawberries from a local delivery service, specifying delivery and payment terms with minimal issues. OpenAI CEO Sam Altman stated, “2025 is when agents will work,” highlighting the potential for these technologies to revolutionize workflows. While this may seem futuristic, companies like Salesforce, HubSpot, and Pactum AI are already implementing their own AI agents, though examples from brands like Qantas Airways remain relatively scarce—a point of discussion at Advertising Week New York. What Are AI Agents? AI agents extend beyond mere chatbots. According to Parasvil Patel, a partner at Radical Ventures, they lack a single unifying definition and encompass a wide range of functionalities, from automating workflows to scheduling meetings. The overarching goal, however, is clear: “The ultimate aim is to execute work autonomously,” Patel explained. Currently, AI agents are in the “co-pilot” phase, handling specific tasks such as summarizing meetings. The true breakthrough will occur when they transition to “autopilot,” managing more complex tasks without human intervention. According to Patel, this shift could take up to 24 months. When Did They Emerge? AI agents first gained attention on social media in early 2023, with various startups, including AutoGPT—an open-source application built on OpenAI’s models—promising autonomous capabilities. However, Patel notes that many of these early experiments were not robust enough to be deployed effectively in production environments. How Are Companies Using AI Agents? The appeal of AI agents lies in their ability to save time, enhance efficiency, and free employees from repetitive tasks. For instance, a large distribution company struggling to manage 100,000 suppliers utilized Pactum’s AI, which deploys autonomous agents for negotiations. Instead of seeing negotiations as a dead end, these AI agents continuously customized payment deals based on the speed of suppliers’ goods. This approach led to price discounts, rebates, and allowances. Salesforce has also seen positive results with its AI agents. Its pilot program, AgentForce, launched with five clients—including OpenTable and global publisher Wiley—and achieved a 40% increase in case resolution compared to its previous chatbot for Wiley. At the firm’s Dreamforce event, Salesforce demonstrated AgentForce with Ask Astro, assisting attendees in planning their schedules by suggesting sessions and making reservations. Salesforce’s chief marketing officer, Ariel Kelman, stated that the company has heavily invested in developing its AI agent platform in response to client demand. “What companies are figuring out with generative AI is how to deliver productivity improvements for employees and provide meaningful interactions with customers,” he noted. What About Roadblocks? The journey to fully functional AI agents is not without challenges. Managing different data formats—text, images, and videos—can be complex, as highlighted by William Chen, director of product management for AI & emerging tech at Agora. “Your system is only as good as your data source,” he said. For Salesforce, the challenge lies in the nascent customer adoption of AI agents, with companies just beginning to explore how to leverage them for productivity, according to Kelman. The key challenge is determining what solutions work best for employees and customers across various use cases. Are Jobs at Risk? Not necessarily. AI agents are unlikely to replace jobs in the immediate future. Instead, they allow employees to focus on more strategic and meaningful tasks. Rand explained, “The role of people will shift to configuring the autopilot, rather than flying the plane, which is a positive change.” For example, a major logistics client of Pactum, which previously relied on human negotiators for managing deals with freight providers, can now use AI agents to negotiate more efficiently. This adaptability allows companies to dynamically shift their business strategies based on market conditions. What’s Next? While early adopters of AI agents are seeing initial successes, there’s much more to discover. Salesforce plans to launch its next AI agent later this month: a Sales Development Representative (SDR) designed to manage early-stage sales interactions. Typically, human SDRs follow up on marketing leads through emails and calls, but this AI agent will qualify leads, providing human salespeople with a targeted list of 50 to 100 prospects eager to engage. “Instead of receiving a list of 500 leads, they’ll get a refined list of those who actually want to talk,” Kelman concluded. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Marketing Cloud Website Activity Collection

Marketing Cloud Website Activity Collection

Leveraging Website Activity Data in Salesforce Marketing Cloud Understanding how users interact with your website is essential for delivering personalized customer experiences. Salesforce Marketing Cloud (SFMC) offers robust tools to capture website activity and transform this data into actionable insights, enhancing your marketing strategies. This guide walks you through the process of collecting website activity data in SFMC. Marketing Cloud Website Activity Collection Before diving into the setup process, it’s important to understand the benefits of collecting website activity data: Now, let’s explore how to set up website activity tracking in Salesforce Marketing Cloud. Set Up Marketing Cloud Website Activity Collection Step 1: Install Salesforce Marketing Cloud Tracking Code To begin collecting website activity, install the Salesforce Marketing Cloud tracking code on your website. Known as the “Web Collect” code, this script captures visitor behavior data and sends it to SFMC. Step 2: Configure Data Extensions After installing the tracking code, set up data extensions in SFMC to store the website activity data you collect. Step 3: Set Up Behavioral Triggers To maximize the value of your data, set up behavioral triggers in SFMC. These triggers can automatically send personalized communications based on specific website actions. Step 4: Leverage Advertising Studio for Retargeting To further enhance your marketing efforts, use Advertising Studio to create retargeting campaigns based on website activity data. Step 5: Monitor and Optimize After setting up website activity tracking, regularly monitor the performance of your campaigns and the quality of your collected data. Final Thoughts Collecting website activity data in Salesforce Marketing Cloud enables you to understand customer behavior better and deliver more personalized experiences. By following these steps—installing the tracking code, configuring data extensions, setting up behavioral triggers, and leveraging retargeting—you can effectively harness website activity data to elevate your marketing efforts. Start implementing these strategies today to unlock the full potential of Salesforce Marketing Cloud and drive deeper engagement and conversions. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Oracle Advertising Sundown

Oracle Advertising Sundown

Oracle Shifts Focus to B2B CX, Introduces New Fusion Cloud Features Despite winding down its online advertising products, Oracle is doubling down on its investment in customer experience (CX) technology, particularly in enabling B2B buying and supporting subscription and consumption models. During the Oracle CloudWorld conference on Wednesday, the company unveiled new capabilities for its Fusion Cloud Customer Experience and Unity Customer Data Platform. These enhancements empower Oracle CX users to analyze customer profiles to assemble B2B buying teams, leverage generative AI tools like native analytics, and utilize industry-specific accelerators to speed up the adoption of customer data tools. Key features include the ability to create self-service sites for individual accounts, enabling customers to review and summarize contracts using generative AI, receive quotes, and renew subscriptions. Other features enhance “assisted buying experiences,” blending self-service and human interaction, while tools like account onboarding and AI-powered email drafting simplify full-service sales processes. Subscription models, though still in their early stages for B2B, offer a streamlined alternative to traditional procurement processes. As Liz Miller, an analyst at Constellation Research, noted, subscription-based buying is easier and quicker, avoiding the lengthy procurement cycles many B2B buyers are familiar with. “The pain of traditional B2B buying is still fresh in everyone’s mind,” she said. Oracle Advertising Shuts Down Oracle’s advertising product support will end on September 30, as confirmed by CEO Safra Catz during the company’s June earnings call. The Oracle Advertising Data Management Platform (DMP), built from its BlueKai acquisition, is being retired, following in the footsteps of Salesforce, which discontinued its Audience Studio in 2021. Despite Oracle winding down its ad platform, this move shouldn’t be seen as a shift away from customer experience. Oracle founder Larry Ellison remains deeply involved in shaping the company’s CX strategy, with a focus on marketing tools and Apex low-code platforms, said Rob Pinkerton, Oracle’s senior vice president. Oracle’s modernized CX suite, built on the Fusion Cloud platform, has evolved significantly in recent years, though questions remain about whether it’s too late to regain market share. “Oracle as a CX platform has fallen off the radar for many buyers,” said Miller, adding that customers are no longer debating between Oracle, Microsoft, and Salesforce in the CX space. New Industry-Specific Tools for CX Oracle has also expanded its CX platform with industry-specific tools designed to accelerate the adoption of its customer data platform (CDP) across sectors such as high tech, manufacturing, professional services, telecommunications, utilities, financial services, travel, and retail. According to Rebecca Wettemann, CEO of research firm Valoir, Oracle’s Fusion platform has matured significantly and now supports the complexity of modern customer needs. Wettemann highlighted how common components like customer interaction summaries can be adapted for multiple industries, delivering faster results than traditional applications. Oracle’s Clinical Digital Assistant is one such example of this approach, illustrating the platform’s versatility and AI-driven enhancements. With these developments, Oracle continues to refine its CX offerings to better meet the unique demands of B2B customers, providing tools that streamline operations and enhance customer experiences across various industries. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Dreamforce 24 Insights

Dreamforce 24 Insights

Three Key Insights You Might Have Missed from Dreamforce ’24 In today’s digital-driven world, interconnected systems are commonplace and essential, making platform integration and unified operations critical. As AI becomes more central, technologies like Salesforce Agentforce AI are drawing increased attention. At Dreamforce ’24, automation and AI were the event’s stars, particularly Salesforce’s plans for Agentforce AI. Dreamforce 24 Insights. Here are three key insights from Dreamforce ’24 that you might have missed: 1. Salesforce’s Automation Plans Could Reshape Its Future Salesforce has a solid reputation for business automation, but now, with agentic systems entering the picture, the company is looking at a transformative opportunity. John Furrier of theCUBE noted during Dreamforce, “Salesforce is positioned to use generative AI to simplify complexity and reduce the steps required to get things done.” As Salesforce integrates generative AI, the emphasis on securing and utilizing data becomes paramount. Christophe Bertrand of theCUBE pointed out that many organizations are not fully utilizing their data. The introduction of Agentforce AI, which aims to leverage this untapped potential, could bring automation to new heights and fundamentally transform how businesses operate. 2. Salesforce Agentforce AI Aims to Integrate Seamlessly Into Business Workflows A major focus of Dreamforce was Salesforce’s new AI offering—Agentforce. According to Muralidhar Krishnaprasad, Salesforce’s CTO, this represents the next stage of AI for the company. While earlier efforts focused on predictive AI (Einstein) and generative AI copilots, Agentforce moves toward more autonomous AI agents. “Our platform will be one of the most comprehensive for agent development,” Krishnaprasad explained. He highlighted that Agentforce will allow businesses to deploy AI agents across various functions—advertising, sales, service, and analytics—creating a seamless AI-driven ecosystem within the Salesforce platform. David Schmaier, president and CPO of Salesforce, added that Agentforce will transform customer interactions by integrating AI agents with Salesforce Data Cloud to deliver more personalized and efficient experiences. 3. Strategic Partnerships Are Streamlining Business and Enhancing Customer Solutions At Dreamforce, partnerships played a key role in Salesforce’s strategy for the future. A collaboration between Salesforce and AWS is streamlining procurement for joint customers through AWS Marketplace. This partnership allows companies to optimize their spend management and simplify the purchasing process for Salesforce products. IBM is also leveraging Agentforce to drive new outcomes through watsonx Orchestrate, as Nick Otto, IBM’s head of global strategic partnerships, explained. Automation and orchestration have been focal points for both IBM and Salesforce. Another partnership with Canva showcased AI-driven data autofill capabilities that integrate with Salesforce CRM. This allows sales teams to create personalized presentations at scale, automating workflows and increasing efficiency, as noted by Canva’s Chief Customer Officer, Rob Giglio. These insights from Dreamforce ’24 highlight the growing importance of AI, automation, and strategic partnerships in shaping the future of business operations with Salesforce at the forefront. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Boostr and Salesforce

Boostr and Salesforce

Boostr’s Automated OMS and Salesforce Media Cloud Aim to Deliver an AI-Powered Full-Service Advertising Management Solution NEW YORK, Sept. 12, 2024 /PRNewswire-PRWeb/ — Boostr, a leading advertising management platform for media companies, today announced that it’s teaming up with Salesforce, the #1 AI CRM, on a new integration that aims to transform the way media and entertainment companies manage their customer data and streamlines advertising sales operations. By integrating Boostr’s Order Management System (OMS) directly with Salesforce’s Media Cloud, together, the companies will provide mutual customers with faster time to value, better ROI, and more efficient ad campaign execution. Boostr’s OMS is reshaping media operations from proposal generation through planning, buying, reconciliation, and billing. By providing AI-powered proposal recommendations with Proposal-IQ, real-time inventory visibility, and more than 50 out-of-the-box workflow automations, Boostr’s OMS streamlines media operations for Ad Sales and Ad Ops teams. The goal of the collaboration is to provide mutual customers with a comprehensive end-to-end advertising sales solution for media companies of all sizes, including broadcasters selling across linear TV, digital, and streaming inventory, as well as retail media networks and digital publishers managing multiple sales channels. It will eliminate dual data entry by automating the opportunity-to-order process, providing delivery data back to Media Cloud and keep all master data in sync automatically across both platforms. “We’re excited to collaborate with Boostr to offer media & entertainment companies a comprehensive platform to help their teams simplify and automate converged advertising operations.” – Christopher Dean, SVP and GM for Communications, Media & Entertainment at Salesforce.Post this “We are thrilled to integrate with Salesforce’s Media Cloud on behalf of our mutual customers,” said Patrick O’Leary, CEO of Boostr. “This integration is a significant upgrade as Media Cloud and Boostr’s data model are highly aligned resulting in a more turnkey, faster time to value solution.” “In today’s increasingly fragmented advertising ecosystem, media and entertainment companies are looking to automate advertising sales and campaign management processes to enhance operational efficiency across their monetization streams,” said Christopher Dean, SVP and GM for Communications, Media & Entertainment at Salesforce. “We’re excited to collaborate with Boostr to offer media & entertainment companies a comprehensive platform to help their teams simplify and automate converged advertising operations.” For more information, please visit: http://www.boostr.com. Salesforce, Media Cloud, and others are trademarks of Salesforce, inc. *Disclaimer: Any unreleased services or features referenced here aren’t currently available and may not be delivered on time or at all. Customers should make their purchase decisions based upon features that are currently available. About Boostr:Boostr is the leading provider of advertising management platforms for publishers and media companies. Boostr’s unified platform streamlines sales, finance, ad ops, and RevOps workflows, enabling businesses to close deals faster, automate tasks, and gain real-time financial transparency. For more information about Boostr, go to http://www.boostr.com. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Salesforce Holiday Forecast

Salesforce Holiday Forecast

Value-conscious consumers are increasingly opting for lower-cost options, waiting strategically for discounts, and turning to budget-friendly Chinese shopping apps, leading to a projected 2% year-over-year (YoY) growth in holiday sales both in the U.S. and globally, according to the Salesforce Shopping Index. This index analyzes data from over 1.5 billion global consumers on retail sites. The Salesforce Holiday Forecast isn’t necessarily bleak, but it will leave some merchants feeling glum. In 2023, holiday sales grew by 3% YoY, reaching $1.17 trillion. However, Salesforce forecasts that global sales for November through December 2024 will only reach .19 trillion, with the U.S. contributing $277 billion. This modest projection aligns with Salesforce consumer surveys, which indicate that while 47% of shoppers plan to spend the same amount as in 2023, 40% intend to spend less this year. “The global economy remains fraught with risks, despite inflation stabilizing,” said Rob Garf, VP and General Manager of Consumer Goods at Salesforce, during a recent briefing. “Interest rates are still high, global conflicts are disrupting supply chains, and we see consumers transferring inflationary costs to debt.” Indeed, a Salesforce survey conducted earlier this month revealed that 37% of consumers are using credit cards more frequently than last year, 32% are turning to buy now, pay later (BNPL) services, and 43% are carrying more monthly debt. Rising Popularity of Chinese Shopping Apps Consumers seeking value are gravitating towards deep-discount Chinese shopping apps like Temu, Shein, and increasingly, TikTok. According to Salesforce’s August 2024 survey, 63% of consumers have made a purchase through these apps in the past six months, and 50% plan to use them during the holiday season. These figures are even higher among Gen Z and millennial consumers, with 80% having purchased from these apps in the past six months and nearly 70% planning to do so during the holidays. Overall, Salesforce predicts that Chinese shopping apps will account for just over 21% of holiday purchases! “Temu and Shein lead the pack, but TikTok is gaining traction, up 24% since April, making it the third most popular app,” said Caila Schwartz, Director of Consumer Insights and Strategy at Salesforce. Consumers cite value as the primary reason for using these apps (58%), far ahead of fast shipping (28%). Consumers Plan to Wait for Cyber Week Deals Many shoppers intend to stretch their budgets by holding off on purchases until Cyber Week, the period around Thanksgiving that includes Black Friday and Cyber Monday. “In 2023, price-conscious consumers waited for Cyber Week to make purchases, and we expect this trend to be even stronger this year,” Schwartz noted. Salesforce data shows that 67% of shoppers are delaying “splurge” purchases until Cyber Week. Salesforce forecasts that global discount rates will briefly rise in October, likely coinciding with the fall edition of Amazon Prime Day, when many retailers run promotions to capture the holiday season’s momentum. Discount rates are expected to peak at an average of 28% globally during Cyber Week, with U.S. discounts forecasted to reach 30%. Shorter Season Highlights BOPIS Importance With only 27 days between Thanksgiving (Nov. 28) and Christmas this year, retailers with strong buy online, pick up in-store (BOPIS) offerings will have a significant advantage. Salesforce predicts that BOPIS will account for one-third (33%) of global online orders during the week before Christmas and Boxing Week. The compressed season will increase the pressure on retailers to execute BOPIS effectively, as failing to meet customer expectations could have serious reputational costs. “Retailers can extend the digital shopping season with BOPIS, but the real winners will be those who can deliver on it,” Garf emphasized. “Store associates are already feeling the strain, especially during the holidays, and some retailers have scaled back their BOPIS offerings, citing increased anxiety among both staff and customers.” Holiday Strategy: Prioritize Customer Acquisition To capture a share of what may be a smaller holiday “pie,” retailers should focus on customer acquisition—and the sooner, the better. With the 2024 elections in the U.S. and many other countries, advertising costs and space availability will be at a premium, making it harder for brands to reach consumers. “Online traffic is cheaper now than it will be in a few months, when political ad spending ramps up,” said David Oksman, VP of Marketing and DTC at Samsonite, who joined Garf and Schwartz at the briefing. “Acquisition costs will rise even more than we’ve seen before.” One additional challenge of holiday sales in an election year. Oksman recommends tried-and-true tactics for driving acquisition and gathering customer data: “Fall is a great time for sweepstakes and giveaways. The old playbooks still work, and customer acquisition is gold.” A sweepstakes prize like a shopping spree or offering exclusive early access to products or deals can incentivize consumers to share their email addresses with a brand. “Loyalty programs are another strong value proposition in the consumer’s mind,” Schwartz added. “Even if you’re not offering points, benefits like free returns or shipping can encourage shoppers to sign up.” Right now is the best time to engage in reactivation campaigns to old customers and prospects. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Small Language Models

Small Language Models

Large language models (LLMs) like OpenAI’s GPT-4 have gained acclaim for their versatility across various tasks, but they come with significant resource demands. In response, the AI industry is shifting focus towards smaller, task-specific models designed to be more efficient. Microsoft, alongside other tech giants, is investing in these smaller models. Science often involves breaking complex systems down into their simplest forms to understand their behavior. This reductionist approach is now being applied to AI, with the goal of creating smaller models tailored for specific functions. Sébastien Bubeck, Microsoft’s VP of generative AI, highlights this trend: “You have this miraculous object, but what exactly was needed for this miracle to happen; what are the basic ingredients that are necessary?” In recent years, the proliferation of LLMs like ChatGPT, Gemini, and Claude has been remarkable. However, smaller language models (SLMs) are gaining traction as a more resource-efficient alternative. Despite their smaller size, SLMs promise substantial benefits to businesses. Microsoft introduced Phi-1 in June last year, a smaller model aimed at aiding Python coding. This was followed by Phi-2 and Phi-3, which, though larger than Phi-1, are still much smaller than leading LLMs. For comparison, Phi-3-medium has 14 billion parameters, while GPT-4 is estimated to have 1.76 trillion parameters—about 125 times more. Microsoft touts the Phi-3 models as “the most capable and cost-effective small language models available.” Microsoft’s shift towards SLMs reflects a belief that the dominance of a few large models will give way to a more diverse ecosystem of smaller, specialized models. For instance, an SLM designed specifically for analyzing consumer behavior might be more effective for targeted advertising than a broad, general-purpose model trained on the entire internet. SLMs excel in their focused training on specific domains. “The whole fine-tuning process … is highly specialized for specific use-cases,” explains Silvio Savarese, Chief Scientist at Salesforce, another company advancing SLMs. To illustrate, using a specialized screwdriver for a home repair project is more practical than a multifunction tool that’s more expensive and less focused. This trend towards SLMs reflects a broader shift in the AI industry from hype to practical application. As Brian Yamada of VLM notes, “As we move into the operationalization phase of this AI era, small will be the new big.” Smaller, specialized models or combinations of models will address specific needs, saving time and resources. Some voices express concern over the dominance of a few large models, with figures like Jack Dorsey advocating for a diverse marketplace of algorithms. Philippe Krakowski of IPG also worries that relying on the same models might stifle creativity. SLMs offer the advantage of lower costs, both in development and operation. Microsoft’s Bubeck emphasizes that SLMs are “several orders of magnitude cheaper” than larger models. Typically, SLMs operate with around three to four billion parameters, making them feasible for deployment on devices like smartphones. However, smaller models come with trade-offs. Fewer parameters mean reduced capabilities. “You have to find the right balance between the intelligence that you need versus the cost,” Bubeck acknowledges. Salesforce’s Savarese views SLMs as a step towards a new form of AI, characterized by “agents” capable of performing specific tasks and executing plans autonomously. This vision of AI agents goes beyond today’s chatbots, which can generate travel itineraries but not take action on your behalf. Salesforce recently introduced a 1 billion-parameter SLM that reportedly outperforms some LLMs on targeted tasks. Salesforce CEO Mark Benioff celebrated this advancement, proclaiming, “On-device agentic AI is here!” Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Guide to Creating a Working Sales Plan Creating a sales plan is a pivotal step in reaching your revenue objectives. To ensure its longevity and adaptability to Read more CRM Cloud Salesforce What is a CRM Cloud Salesforce? Salesforce Service Cloud is a customer relationship management (CRM) platform for Salesforce clients to Read more

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Alphabet Abandons Acquisition for HubSpot

Alphabet Abandons Acquisition for HubSpot

Alphabet Abandons Acquisition Plans for HubSpot The integration between Salesforce and Hubspot could have changed drastically. The HubSpot-Salesforce integration allows you to pass data between HubSpot and Salesforce seamlessly, and maintain consistency between your marketing and sales teams. Current HubSpot Google integration includes: ability to log emails sent from Gmail into HubSpot CRM with one click, so your team spends less time on busy work and more time doing what they do best. HubSpot integrates with your Google Calendar to help you book more meetings in less time. Google parent Alphabet has abandoned its plans to acquire HubSpot, according to sources familiar with the matter. This decision puts to rest what would have been one of the year’s largest takeovers. HubSpot, Inc. is an American developer and marketer of software products for inbound marketing, sales, and customer service. HubSpot was founded by Brian Halligan and Dharmesh Shah in 2006. The talks between Alphabet and HubSpot never progressed to due diligence and fell apart shortly after the companies held initial discussions on a potential deal, the source said, on condition of anonymity to discuss confidential matters. HubSpot’s shares, a customer relationship management company, plummeted by as much as 19 percent on Wednesday (Jul 10) in New York trading, marking the most significant drop since 2020. The shares closed down 12 percent at $492.31, giving the company a market value of approximately $25 billion. Earlier this year, Alphabet had expressed interest in a potential deal with HubSpot. However, the two sides never progressed to detailed discussions or due diligence, said the sources, who requested anonymity due to the confidentiality of the matter. Representatives for Alphabet did not immediately comment. A HubSpot spokesperson also declined to comment. Any acquisition of HubSpot would have been among the largest tech deals of the year, comparable to Synopsys’s pending $34 billion acquisition of Ansys, according to data compiled by Bloomberg. HubSpot recently suffered a hack attack. HubSpot, which builds marketing software for small and medium-sized businesses, has specialized in so-called inbound marketing, where consumers start engagement with a brand. HubSpot customers apply its software to make advertising content that consumers can click on. CEO Yamini Rangan said in May on HubSpot’s financial results call that customer demand had weakened, as small businesses worried about the economic impact of high interest rates. Acquiring Cambridge, Massachusetts-based HubSpot, which caters to small and midsize enterprises, would have bolstered Alphabet’s competitiveness against rivals like Microsoft, Oracle, and Salesforce. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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Changes in Advertising Changing CRMs

Changes in Advertising Changing CRMs

Oracle announced last week that it is exiting the advertising business and will sunset its adtech by September 30. While the announcement is not surprising given the massive layoffs in 2022 affecting Oracle Advertising teams, the rapidity of Oracle Advertising’s decline is a clear indicator of how swiftly the digital advertising landscape can evolve. This move is likely just the first of many significant Changes in Advertising Changing CRMs. What happened? Oracle Advertising faced challenges beginning in 2018 and never managed to recover. Several forces related to data deprecation adversely impacted the business: Changes in Advertising Changing CRMs Retooling its acquisitions to function in a consent-driven and regulated environment would have required significant investment from Oracle. Given its track record with privacy law compliance, this would have been a daunting task, necessitating both rapid innovation and market trust in its solutions. What does this mean for the advertising ecosystem? Oracle’s exit from adtech marks a significant shift in the advertising ecosystem. The sharp decline in advertising revenue from $2 billion in 2022 to $300 million in 2024 suggests a major miscalculation by Oracle. Without demand- or supply-side platforms (unlike Google, Microsoft, and Amazon) and lacking a large audience base (unlike Meta, Disney, and Netflix), Oracle’s benefits as an adtech partner or acquirer were unclear. The key question now is whether Oracle’s intellectual property will find new ownership and continue in some form. What does this mean for the marketing ecosystem? The broader marketing ecosystem is likely to see more shifts as major players adapt to the new landscape. Leading martech vendors like Adobe and Salesforce have already transitioned from DMPs to CDPs. Adobe Real-Time CDP and Salesforce Data Cloud for Marketing are gaining market share, while Oracle has struggled in the B2C martech space. Oracle’s decision to cut investments in martech and adtech has significantly impaired its B2C market efforts, with products like Responsys failing to gain the traction that Eloqua has in the B2B space. Oracle also announced it will sunset related B2C marketing products like Oracle Maxymiser in the coming months. These changes are just the beginning of a broader transformation in digital advertising, driven by evolving privacy standards, consumer expectations, and technological advancements. This marks the dawn of a new era in which agility and compliance will be key to success in the digital advertising and marketing landscapes. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Health Cloud Brings Healthcare Transformation Following swiftly after last week’s successful launch of Financial Services Cloud, Salesforce has announced the second installment in its series Read more

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