Welcome!

News Feed Item

ThinkVine Makes It Easier for Marketers to Know How to Increase Sales

Update to Marketing Mix Optimization Software Offers Marketers Greater Depth of Information for Faster Decision-Making, Leading to Improved Results

CINCINNATI, April 2, 2014 /PRNewswire/ -- ThinkVine introduced new features into its marketing mix optimization software today that give brands unprecedented insight into how their marketing activities influence customer behavior and drive sales.

The product update enables marketers to view more detailed information about the forecasted results of their campaigns and test more marketing mix scenarios, enhancing their ability to make objective decisions about how to spend their marketing dollars. By showing what tactics drive the most sales and provide the best ROI based on the habits of specific customer segments, ThinkVine's software gives marketers the answers they need, when they need them.

At the heart of the update is improved agent generation, a technical improvement that makes it faster for marketers to gain better insights about how their audience will react to shifts in the marketing mix. Other feature and workflow updates support better and faster modeling and improved visualization of results, including on- and off-line cross-channel attribution and accurate forecasts. As a result of the improvements, modelers will work more efficiently and marketers will receive more actionable information.

"Every marketer is being asked to contribute more and more to business growth in a complex, ever-changing marketplace. Today, ThinkVine continues its pattern of consistently delivering software updates with measurable value for marketers every three months," said Mark Battaglia, CEO of ThinkVine. "This update leverages real innovation in how marketing mix modeling is done to provide marketers with information about consumer response that they need to keep up with the pace of change and get better results."

The new features include enabling marketers to drill further down into results based on time period, consumer group and other variables of interest. This granularity makes it easy for marketers to understand what drives sales, uncover hidden revenue sources, and respond quickly when a competitor or external factors necessitate action.

New features include:

  • New and improved charts that deliver more detailed information like how changes in pricing, distribution or external factors will affect sales results.
  • External factors like economy or weather can now be included in "what if" planning so marketers can test more ideas under varying conditions.
  • Custom plan views give planners more flexibility to work with activities in different groupings to match specific business questions.
  • Innovative agent generation creates better agents for a higher-quality, more reliable marketplace.
  • Improved modeling workflows address 60 percent of the model-building process for significant time savings.
  • New database architecture means improved performance and better support.

"In combination, these new features make it easier for modelers to better replicate real-world scenarios, and for marketers to end the guessing game about what has, and what will work best," said Battaglia.

For more information on ThinkVine's latest version, visit http://www.thinkvine.com.

About ThinkVine
ThinkVine's marketing mix optimization software delivers the right answers, right now by transforming marketing analysis, targeting, planning and forecasting to provide B2C marketers with both the historical insights, including accurate attribution across all of their marketing, and the forward-looking information they need to get the maximum return on their investments. With ThinkVine, marketers make better strategic decisions about spending levels, tactics and timing across consumer groups, products, channels and geographies.  Using innovative consumer behavior modeling, ThinkVine's breakthrough ThinkAhead Technology creates a custom, virtual marketplace that simulates how targeted consumers will respond to combinations of marketing activities over time. The ThinkVine software provides marketers with rich historical insights and better short- and long-term forecasts of ROI and sales, as well as support for an agile, objective ongoing planning process. Its customers include market leaders in consumer goods, food & beverage, financial services, retail, consumer services and other industries. http://thinkvine.com/

SOURCE ThinkVine

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.