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Nir Weingarten

πŸ‘€ Speaker
205 total appearances
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Appearances Over Time

Podcast Appearances

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

And mostly it comes about around 100,000 people on the list that gets the content, the emails, the SMS.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

The bigger the list is and the faster we can learn and the more iterations we can make.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

And we started off in retail because it's just a market that's very early.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

It has a lot of early adopters and it's easier to build a product there.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

But as we went, we expanded to other verticals, which are in many cases bigger.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

And I talked to...

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

So this is a quote from a CRM manager for one of the biggest banks in North America.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

And he told me this, he told me, you know what we do at this bank, we do two things.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

We need to very quickly compute the interest we give you on a loan.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

And we need to keep you from going to the other bank across the road because they have exactly the same, the same algorithms to give you to compute your interest.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

So I think in many B2C services and B2C enterprise companies, retention is a very, very important aspect of business.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

And it can be very, very profitable for these businesses to improve their messaging to their clients.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

So basically, we would like to work with brands that are companies that are as large as possible.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

And also that retention is a big channel for them.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

In many cases, you'd see revenue from retention reaching as high as 60%.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

And we generate approximately between 20 and 40% uplift on that.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

So that can be very, very impactful, especially for bigger companies.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

I think to break it down like you did on the technical level, we're there.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

We weren't there a year ago, but we're there today.

The Digital Executive
Nir Weingarten: The Future of Adaptive Marketing | Ep 1270

And today we create end-to-end emails and SMS to some of the biggest brands in the world.