Reflections & analysis about innovation, technology, startups, investing, healthcare, and more .... with a focus on Minnesota, Land of 10,000 Lakes. Blogging continuously since 2005.

Tag: Graeme Thickins (Page 39 of 55)

Unbelievable Stories Today in Minneapolis

I’m still reeling after getting in from Chicago last night just after the bridge collapse. What a horrible tragedy for so many innocent people! The stories coming in on our local TV affiliates today are gut-wrenching. Some tragic deaths, and many close calls. So many people grateful to be alive. 35wbridgebeforeafter_2

On the 5 o’clock news today, I actually saw a friend of mine, Chris Carlson, a close-by neighbor here in the suburbs, being interviewed. He’s a huge runner, and it turns out he was, for some reason, in the U of M area running on the River Road — under the bridge — when it collapsed and just missed him! He rescued some people. We’re seeing many other heroic stories as well. My brother-in-law is a Minneapolis cop — he’s been in the thick of it since last night (called from his own birthday party), stationed right down at the river.

Pray. Hug your loved ones and kids today. Hug ’em a lot. Life is precious.

(Graphic copyright 2007, St. Paul Pioneer Press.)

Leaving Chicago, I Learn of a Tragedy in Mpls

All of a sudden, continuing to blog about a conference doesn’t matter. Are my kids safe? I was just boarding the plane at Midway when a seat-mate told me about the horrible bridge collapse in my home town. Hundreds of cars may have gone into the river? Oh, my God! I’ve driven over that bridge hundreds and hundreds of times since my days as a student at the U of M. Mplsbridge

The phone circuits were jammed. My first few tries to my sons and my wife would not go through. Thankfully, my daughter answered her cell phone (she hardly ever does), even though she was busy at a softball game. By some stroke of luck, she had just spoken to or texted both of her brothers….they were safe! I breathed a huge sigh of relief.

Then, my seat-mate and I tuned into AirTran’s Sirius satellite radio connection to get the very latest from Fox News, all the way home — live coverage, scary at times, but very timely and welcome. Some of it included patching into friendly voices I recognized from our local affiliates. It was a surreal experience — hanging onto every word as we flew through the hazy, orange, late-summer skies, which were looking like they could produce thunderstorms anytime, all the way home till we made our descent under a low ceiling.

Please pray for those who weren’t so lucky. This is a horrible disaster for many in the Twin Cities.

(Photo: AP/KMSP-TV)

ad:tech – You Knew It Was Coming: A Party Post!

How could I blog about a conference and not post some party pix? My gosh, it’s become sort of a tradition here at TSB. So here ya go, all you voyeurs out there: lotsa goofy grab shots with my cheap little camera that doesn’t do flash shots worth a damn…so I shoot only with available light, and get all kinds of blur and fuzz and stuff. Adtechparty1 I know its painful for you purists out there (trust me, it hurts me, too), but I just can’t fit in my big camera at these things. I have to travel light. These will still give you a feel for things, I hope, here at ad:tech Chicago last night. The venue was Fulton’s on the River, a huge club/restaurant at Wacker and LaSalle.

I’d always heard the parties were legendary at ad:tech shows. Well, this was the only one happening at this event (at least that I heard of). Even Google, which had a presence here (as an exhibitor), apparently didn’t have a party — a first in my experience! Adtechparty2 (Times getting tough, Eric? I know you’re trying to control that headcount now, but why is the party budget always the first to go?) I did hear WebTrends took some people to the Cubs-Phillies game, but that was about it. There were likely other, smaller gatherings, however — with 3000-some people at this thing. The majority of the attendees turned out for this one, big, official party, however (sponsored by CIMA) — so, it was mobbed. One free drink ticket and some minimal muchies — whoopie. But everyone seemed to be having fun, whether indoors in the AC, or out in the humid air on the crowded, narrow deck alongside the river.

I met some fun people: Mark Gordonson with rich-media company InterPolls, Pasadena — a surfer who lives in Venice, CA, and also surfs down at San O. Adtechparty3 (How do I always manage to meet surfers at conferences? Global tribe, indeed…) He covers the Midwest, so had recently been in Mpls to meet with Target. He said he’s hearing advertisers wanting technology that would let web users pull widgets off their ads to put onto their own SN sites. Pretty cool. Also ran into Manoj Jasra, director of technology for B2B search firm Enquiro in British Columbia. He’s here blogging for his own blog and has a close relationship with WebTrends (but missed the bus to Wrigley Field).
I also met the infamous Ron May of The May Report, a longtime source of tech scoop and gossip in Chicagoland. This guy knows how to work a crowd, collecting cards like mad, and talking into his voice recorder to make notes on the fly…. Adtechparty4

Later, I met a really smart young New Media Account exec for the local ABC affiliate, ABC7Chicago, Farren Ionita. She said she was a dot-bomb startup survivor, but didn’t look old enough. Wow, she asked so many smart questions, my head hurt. I had to tell her I’d email her after the wine wore off. Adtechparty5 But here goes, Farren: you asked what’s one cool thing we need in online advertising but don’t have yet? Okay, listening? It’s the ability to target brand messages to very specific, pinpointed demographics across all the social networking sites that are proliferating out there — thousands and thousands of them (not just the big ones everyone’s heard of). Think long tail, and because all those SN sites need to monetize to stay alive. That’s just got to happen, and I’m betting it will soon. So, there ya have it! Adtechparty6

After a couple Merlots — okay, three, all right? — and a few bites of something so small I could barely taste it, I had to get back to my hotel for some real food. That’s my story, and I’m sticking to it. I was snoozing by 11:30. Had to be fresh for the last day of ad:tech, which I’m betting I’ll like even more.

(I’ll try to get all my party pix uploaded to my Flickr page later.)

ad:tech – The State of Behavioral Targeting

It accounted for $350M in spending in ’06, but behavioral targeting will hit $575M this year, said panel moderator Mary Morrison of BtoB Magazine, and eMarketer says it will grow to $3.8B by 2011. Yes, friends, BT is hot, with many such firms being acquired in recent times — the latest being Tacoda by AOL. Tim Mahlman of BlueLithium, an analytics firm, says his client Hyatt Resorts lowered its customer acquisition costs by 71% with behavioral targeting. Philippe Suchet, CEO of Kefta, the online personalization unit of Acxiom, says BT is needed today because customer acquisition costs are rising so rapidly. “There is no more low hanging fruit.” In addition, he said, “Users are now in charge. We’ve moved away from ‘mass market’.” Behavtargeting Geoff Atkinson, marketing chief at Overstock.com, reiterated that “traffic is just getting so much more expensive to acquire.” His firm started using BT about a year ago. “When a customer first arrives, for example, we log how he or she got there — by a certain keyword, for example. Then, on the next visit, we know that customer and feed them something that’s relevant.” Brent Hieggelke, VP of strategic marketing at Omniture, said when he first joined the firm, his friends thought all this “on-site targeting was hocus-pocus.” But it’s quickly become for real. His firm calls it “automated 1:1 targeting.” The customer hits the site, and their technology builds a profile. “It’s a self-learning predictive modeling engine,” he said. “The optimal content decision can then be sent to the CMS (content management system).” What data is used to select content? “Site behaviors, temporal aspects (such as time of day), environmental aspects, and referrer values,” he said. “This enables companies to quit having those weekly meetings to decide what goes on on the home page.” It now can all be automated, down to the individual. Hieggelke also noted his firm has found that the log-off page is a great place for targeted ads. “Behavioral targeting is bringing marketing back to the marketing world.” A few good questions then came from the audience. The first was “What percentage of users totally wipe out their cookies regularly?” Omniture’s Hieggelke said he’s seen some say as high as 15-30%. “But we find it’s only in the single digits.” A second question related to customers’ concerns for privacy. “We think it’s important to keep a customer mindset,” said Kefta’s Suchet. “Don’t capture too much data — find just what’s relevant to you.” Omniture’s Hieggelke added: “A customer’s name and social security number has no value to us at all.” Suchet added that BT enables campaigns to be “continually learning, changing — you can’t sit still, you must always adjust based on what competitors are doing and so forth.” A final audience question: When building profiles, what data do you use? “Primarily clickstream data,” said Omniture’s Hieggelke, “because that’s easy. But also data from your CRM system, and whatever else is determined to be predictive. Most companies take existing web analystics data and feed that in first.”

Update: To fix a typo in “behavioral” in the title (duh). At least I was consistent — I’d done it in the rest of the post, too! 🙂

Notes from the Lake: ad:tech Chicago Kicks Off

It’s a gorgeous day on Lake Michigan, out here on Navy Pier. I don’t think I’ve ever seen such a great weather here — blue sky, no wind, upper ’70s. The lake looks spectacular. SkylinenavypierTourists are everywhere here, and the Chicago people are, bar none, the best when it comes to hospitality. Why are we inside on a day like this? 🙂 Anyway, I got here to the conference center about 10:30 and hit the showfloor soon after it opened. Had a great conversation with Mark Carlson, CEO of SimpleFeed in his booth. Adtechshowfloor This is a company with technology to help retailers, media companies, and marketers of all types use RSS feeds to sell their wares — instead of struggling with email marketing, which he says has a whole raft of problems. SimpleFeed’s online application has a dead-simple UI that lets even non-tech people set up and manage feeds — PR people, product managers, anybody. No geek needed. The firm counts some 50 customers now, mostly Fortune 1000, but, at a minimum charge of $2000 per month, even some smaller firms are taking advantage of the service. SimpleFeed is a Sequoia-backed company and launched at DEMO ’06. I remembered them from that event, and they’ve come a long way since then, Carlson says, increasing their customer count by 10x. Their partners include many of the major email marketing services – who, surprisingly, don’t see them so much as competition, but as a natural evolution in the practice of online marketing.

The coolest really new thing I’ve seen so far is definitely Adjustables — just appearing for the first time in the U.S. It has patented technology for integrating ads, banners, logos, etc within streaming online videos — instead of those annoying pre-rolls or banners surrounding the player. Adjustables The firm is based in the Netherlands (with a new office in SF), and just launched at ad:tech Hamburg in May. Their ads are clickable so the viewer can interact with the video at just the right moment — say, when a car appears, he can click on a logo or ad for the car. The default is that, when clicked, the video pauses, while the viewer goes to the advertiser’s site. The intregration of the ad with the streaming video happens on the viewer’s computer. Ads can be targeted by geography or behavior. “Is anyone else doing this?” I asked cofounder and VP marketing, Menno Biesiot. He said YouTube and Metacafe are working on something similar, but his firm sees this as validation, and leading to standard-setting in this area of much-needed innovation. The software is available now for download at the company’s site, and a demo is available there. I was impressed with the presentation, and with the look and minimalism of the ads. Not too distracting, about as tasteful as ads can be in this medium, from what I’ve seen. Check it out and see what you think. Navypierboat

Off to a lunch session now, sponsored by Avenue A|Razorfish, about “The New Brand Equity.”

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