Shore Up Multichannel Marketing with New Baynote Platform By Michelle Megna
June 17, 2008
Baynote, Inc., the company specializing in product recommendations and social search, today announced the availability of the Baynote Collective Intelligence Platform (CIP).
The new software-as-a-service (SaaS) solution allows e-tailers to deploy peer-driven recommendations, social search and other services across multiple channels while also providing a single point of measurement, testing and control. The new CIP is able to identify and leverage the virtual communities of like-minded site visitors to improve shopper engagement, and as a result, improve sales, according to the company.
"What we want to do," said Mike Svatek, vice president of marketing, "is let the customer drive everything the online business owner does, not just one thing, like search."
The New Baynote Collective Intelligence Platform
The Baynote CIP combines six new offerings, expanded APIs and Baynote's existing recommendations and social search capabilities into a single, unified platform. In addition, because the solution is delivered as a software service, e-tailers can set up one or more capabilities in just days.
The CIP detects, then leverages, the virtual communities of like-minded site visitors, said Svatek, and then dynamically displays links and search results on your site that compel your visitors to take action, whether that is clicking through to more pages, registering at your site or purchasing more products.
New Baynote CIP components include:
Baynote e-mail Recommendations displays targeted product or content recommendations directly within e-mails so that each e-mail is tailored to maximize click-through.
Baynote Mobile Recommendations allows business to automatically render the most appropriate article, video, Web link, or product to engage the mobile visitor through a real-time Web service.
Baynote Social Search for Products improves the conversion rate of on-site product search by applying a social layer that injects dynamic merchandizing and re-ranks results from existing e-commerce search engines such as Endeca, Mercado, Fast, ATG or open source and hosted solutions.
Baynote Insights a Web-based interface that enables Web shop owners to analyze, test and control the impact of the community across all digital channels. Built using AJAX techniques, it includes the following new features:
The Community Analytics interface enables businesses to visualize emergent visitor segments, like-minded visitor clubs, content and product gaps and a variety of other community-driven insights.
The Testing Console enables A/B/n or directed testing to measure the impact of Baynote on key business metrics such as incremental revenue, profit, page views, engagement time, click-throughs, support resolution rates, search success rates, registrations and more.
The Merchandizing and Editorial Console allows users to combine expert control with the inherent community wisdom distilled from visitor behavior to tailor the delivery of recommendations and search results.
"The long-tail market needs are becoming mainstream when making business decisions," said Jack Jia, CEO of Baynote. "With so many micro markets, business owners can't scale up, that's why we believe it's time to think of the collective intelligence concept observe the entire crowd not a sampling and let them tell you how to stock your shelves, so to speak, and run your business."
Existing Baynote capabilities now part of the unified Baynote CIP include:
Baynote Content Recommendations allows businesses to dynamically display links to content, multimedia, or downloads that match the visitor's intent and are designed to increase engagement, generate leads and resolve support issues.
Baynote Product Recommendations enables e-commerce companies to dynamically display products for cross-sell and up-sell based on the implicit behavior of shoppers, resulting in increased conversion and higher average order value.
Baynote Social Search for Content improves the relevancy and effectiveness of on-site search by applying a social layer that re-ranks results from existing search engines such as Google, Autonomy, Fast, or open source and hosted search technologies.
To get started, e-tailers can configure the hosted Baynote on their sites with tags. More advanced users and developers can use the API to integrate Baynote with legacy applications, or mash-up Baynote services with other Web services and applications. Baynote's partners, including Bazaarvoice, CheetahMail, Google, Mercado, Omniture, Vignette and others will be able leverage the CIP to increase engagement across multiple channels and applications.
Michelle Megna is managing editor of ECommerce-Guide.com.
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