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United
Business Media International is a division of United
Business Media plc, a market-focused information group
with leading positions in high-growth business-to-business
markets.
These
include business-to-business media, corporate news
distribution, online and market research.
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UBMI
has its headquarters in the UK and additional operations in the USA
and Europe. It operates integrated portfolios of traditional and
online media across vertical markets. These include: Agriculture,
Building/Construction, Entertainment Technology, Fire/Health &
Safety/Security, Food & Pharmaceutical Ingredients, Healthcare,
Interiors/Furniture, Music, Printing, Packaging, Travel/Venues. It
also operates a number of ‘business to consumer’ online
properties.
Identification
of Business Opportunities
Each
vertical market has industry specific solutions with systems to
support:
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Placement
of advertisements
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Industry
focused directories
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Exhibition
management, both exhibitors & visitors
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Journal
readership, both controlled circulation and paid subscriptions
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Readership
enquiry services
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Web
based products
UBMI
recognised the need and invested in the development of a corporate
strategy to extract the most value from its in-house systems.
Exploiting the knowledge contained in these systems was essential to
the provision of enhanced and new services for its customers, and
increasing revenues from these activities.
With
consideration to the dynamics of each market, it was clear that the
best approach was to focus attention on a single market and then
repeat the exercise for all markets on a priority basis.
Key
to success of the project(s) was the delivery of rapid results, thus
ensuring that UBMI could take advantage of the opportunities at the
best possible time. The ability to load and combine diverse data
sets from UBMI’s systems into a single knowledge base and then to
explore, assess and analyse its content in rapid time was essential
to supporting the business.
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The
main objectives of each project were:
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To
find important features regarding companies that visit, exhibit
and advertise or combinations of these.
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To
identify key performers and appraise their relationship with
UBMI across all activities.
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Taking
one single year, assess the cross sales activity of companies
within that year.
Train-of-thought
data exploration and analysis
The
results of analysis are only as good as the data upon which they are
based. We
were able to quickly
assess the quality and integrity of the loaded data from each of the
discrete source systems, resulting in early resolution of the
problems found.
We
didn’t have to wait for the knowledge base to be completely loaded
before starting our exploration. In fact we started our analysis
just as soon as the first Exhibitor tables were loaded. We were able
to easily identify the top exhibitors based on appropriate business
rules that defined those companies that should be included in the
analysis, and then identify their level of expenditure year on year
and exhibition participation.
As
more data was loaded we were able to easily link the discrete
systems data via a customer cross reference table held in the
knowledge base.
Having
identified our top exhibitors we were then able to simply navigate
through to see what else these customers had done with UBMI. For
instance we could review and analyse advertisement expenditure,
exhibition visitor attendance and journal take up for these
customers without the need for database reorganization.
External
data was also incorporated, enhancing the knowledge base and
providing insight into customer buying patterns with UBMI’s
competitors. This made possible the comparison of UBMI products and
services along side its competitors.
Speed
of delivery
"extensive
knowledge of data-driven marketing produced some remarkable results.
In a fraction of the time it had taken one of the global
consultancies to identify potential business direction, DMC had
established true business opportunities based on live data. We were
so impressed we commissioned more projects ……”
Mike
Turner, formerly Business Systems Director, UBM
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