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What is Segment?
Segment is a platform that helps companies put their customers first, through a customer data platform; which collects users information from websites and mobile applications providing complete data reports to the different departments of a company.
The platform is named after the segment in which they circulate a particular group of customers.
Segment identifies a segment of users who have the common interests in the product or service that a company offers.
In today's society, segmentation is more important than ever before. Companies are trying to connect with their customers directly on the web by using advanced technology. The platform or this service was created to make this possible.
It's an innovative approach to building a faithful relationship between companies and their customers, where the customer data is the key focus of the entire experience.
It "is a customer or user base that can be segmented or separated into sub-groups based on shared characteristics".
Segmentation is often described as creating "subsets of users who have similar interests". There are many different techniques for segmentation. The right kinds of segments create better user experiences which lead to satisfaction of customers. media industry, it is difficult to identify a large segment with related interests so Segment provides focusing on the segment from only one website or only one app.
Using Segment, companies can control and manage user data from all over the world in order to improve their business operations.
How does Segment work?
Marketing: Unifies customers preferences into one profile, helping companies personalize customer interactions by allowing them to meet users expectations.
Product: Enables companies to build products that represent their market and the individual who will use them.
Services: Engages consumers with automated processes that can create comprehensive databases of customer preferences. This narrows down user's searches and allows companies to provide the most relevant service for their needs.
The 3-lette is a technology stack that consists of three elements: the data layer, the processing layer and the user experience layer.
The Data layer is a centralized database which contains information about customers, products and services. All data will be stored on a blockchain that will enable security, transparency and create advantages for fast-paced transactions between companies and customers.
By using Big Data technologies such as IoT, an ecosystem of devices create a large amount of data which is stored in the blockchain database as aggregated streams of useful information for marketing purposes as well as individual profiles for customer service purposes.
The processing layer consists of intelligent algorithms that analyze raw data from sensors, social media feeds or other potential input sources to make predictions about consumer preferences.r acronym for marketing is MEC, which stands for Marketing, Ecommerce, and Curation. This is a new age in marketing where these three different aspects come together in order to provide more personalized experiences and create a deeper connection between brands and users (Orr et al.). In eCommerce specifically, CRM software has evolved tremendously with tools such as chatbots, live chat platforms, AI assistants, etc.ables different product analytic software in one platform, allowing more effective data collection, helping the company be more efficient in decision-making about teams and customers by creating the right product for the consumer.
Engineering: This platform provides a better way to collect data by using only one API cleaner code to collect analytic data, enabling the user a more efficient and less time-consuming form of data management that connects several different apps with one another. The platform also collects data from all networks and social media such as Facebook, LinkedIn, Twitter, etc. which allows the company to be more accurate in their customer-base.
The user experience layer is a combination of integrations that provide users with an experience that is more customizable and personalized based on his/her preferences and social history. By integrating this technology stack with the 3-lette model, companies will be able to target faster and provide a more relevant experience for their customers.
Segment features
Functions: Enables the company to customize their data source by connecting different applications to the same platform for a synthesize data organization
Warehouses: Stores data to make it available for analysis
Connectors: Connects the warehouse to different applications in a data analysis platform
Analysis: Analyzes and validates data to make sure that the company meets their needs. The data from the warehouse will be needed for this analysis
Budgeting: Budgeting is used when creating financial plans for companies for budgeting purposes. This allows organizations to create a budget plan based on past trends in sales, expenses, and other relevant items. This helps companies try to stay within their budgets by making predictions for the future.
"Top-down" planning & "Bottom up" planning: These two methods are different ways of planning a business plan, but they both play a role in the overall success of a company. Connects applications to the system and permits data import and export
Streaming: Continuous flow of incoming data streams over time
Analysis: Performing calculations on the data in the warehouse for problem solving purposes or to find patterns or trends in human behavior. The results are often graphed for review.
The preceding is a description of what Big Data means, but don't worry if you're unfamiliar with this term. Data warehouse is an entire database containing data from different sources, typically subject related
Databases: A database is a collection of information about events, ideas or items.
SQL: Structured Query Language is a type of programming language used to create, modify and extract information from databases. SQL allows users to collect information from multiple sources and manipulate it to generate reports.
Reports: A report is a description of the results produced by a computer program or system. A report can be either automated or human-generated.
Spreadsheets: A spreadsheet is a table of data equipped with formulas and calculated values that can be used to analyze data rationally and draw conclusions from them.
Dashboards: Dashboards are used as visual representations of large amounts of data whereby pieces of information are collected in one place, allowing users to view and quickly view the state and trends of different aspects over time, such as business performance.
Privacy: Guarantees that the costumers' data will be confidential with real-time tracking of the costumers compiled data and privacy controls for customization according to companies privacy policies
GDPR: Easily manage user deletion in Segment and other destinations by simple request; also offering visibility of deletion status. GDPR allows data subjects to be able to request deletion of their personal data.
Transparency: Each Segment customer is assigned their own tracking code, which is used by Segment's customers to make decisions about the cookies they use.
Audience targeting: Segment can distribute an app’s analytics reporting across multiple analytics tools, including Google Analytics, Mixpanel and more. Users may also target specific types of users (by language for example) or groups (for example by country). This feature is beneficial for companies that want to run A/B tests on different audiences in order to improve user experience before rolling out changes across all users.
Pricing
Free plan
- Collect data from 2 sources
- Send data to unlimited destinations
- Up to 1,000 monthly users
Team plan
- Collect data fromunlimited sources
- Send data to unlimited destinations
- 10,000 monthly users included
Business plan
- Collect data fromunlimited sources
- Send data to unlimited destinations
- Custom volume
- Activate audiences with Personas (Add-on)
- Enforce data quality with Protocols (Add-on)
- Transform and enrich your data
- Set granular user roles and permissions