Mosaic Scotland The consumer classification solution for consistent cross-channel marketing

Page created by Reginald Young
 
CONTINUE READING
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
Mosaic Scotland
The consumer classification solution for
consistent cross-channel marketing
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
Behind every customer
                                                                    is an individual. Mosaic
                                                                    means you can start
                                                                    treating them that way.

    Welcome to Mosaic Scotland
    Actionable consumer insight across all marketing channels.

    Behind every customer             Mosaic is Experian’s most comprehensive
                                                                                  Did you know?
                                      cross-channel consumer classification,

                                                                                  84%
    is an individual. Mosaic          built for today’s hyper-connected world.
    means you can start               Using new data and analytical methods,
    treating them that                you get deeper insights on consumer
                                      lifestyles and behaviour to help you make   of people would
    way. It gives you the             more informed marketing decisions.          walk away from
    intelligence you need to          The benefits to you:                        a company that
    reach the right people            •P
                                        ersonalise your customer experience      doesn’t listen1
    with the right message             to improve retention and increase your
                                       share of wallet
    at the right time –
                                      •K
                                        now your target audiences and
    every time.
                                       engage with them across channels to
                                       strengthen brand awareness and drive
                                       new customer acquisition
                                      •U
                                        nderstand geographic concentrations
                                       of your best customers to optimise your
                                       location footprint.

2   |   Mosaic   |   www.experian.co.uk/mosaic
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
850m+                                                                                    450+
Source records                                                                           Input variables
                                                                                         for clustering and
                                                                                         interpretation

14                 57
Groups             Types

What is Mosaic?
The Scottish population continues to change. A seismic shift in the use of
technology fundamentally changes the way consumers engage with brands.

Mosaic gives you a pin-sharp picture of       Mosaic is relevant                         As part of ongoing in depth data
today’s Scottish consumer, reflecting         With the latest demographic and            analysis, Experian has identified some
the latest consumer and societal trends.      behavioural trends, it gives an accurate   key demographic changes that influence
Over 850 million pieces of information        reflection of the Scottish consumer of     consumer behaviour:
across 450 different data points are          today, and tomorrow.
                                                                                         •T
                                                                                           he boomerang generation, young
condensed using the latest analytical
                                              Mosaic is yours                             adults are staying in the parental nest
techniques to identify 14 summary
                                              You can combine your own customer           for longer, which has an impact on the
groups and 57 detailed types that are
                                              insight with Mosaic and create              spending power within the household
easy to interpret and understand.
                                              customised consumer segments that
                                                                                         •A
                                                                                           significant increase in private
Mosaic is real                                can be used across your business to
                                                                                          renting driven by lifestyle choice and
It provides you with the context behind       really understand your customers and
                                                                                          cost of living, which changes the
the decisions that consumers make;            deliver focused customer service.
                                                                                          locations in which individuals are
critical if you want to build strong, long-
                                              The benefits to you:                        choosing to live
term relationships with the individuals
who are most valuable to your business.       •U
                                                se Mosaic to enrich what you already    •A
                                                                                           rise in mid-life singles across the
                                               know about your customers and put          affluence spectrum placing very
Mosaic is actionable
                                               it into a new context that helps you       different demands on brands
You can deliver relevant content to the
                                               make better decisions about how to
right people across the channel mix.                                                     •A
                                                                                           new baby boom being driven in
                                               communicate with them
From direct mail and e-mail, to targeted                                                  part by professionals in their thirties
online and digital TV advertising, you        •H
                                                elp your entire business get to know     entering parenthood at a later stage in
can integrate Mosaic into your current         who your customers are so you can          life than previous generations
marketing tools to maximise the value of       put them at the heart of what you do
                                                                                         •A
                                                                                           change in the lifestyles of retired
your customer insight.                                                                    people, driving an increase in demand
                                                                                          for access to leisure and entertainment
                                                                                          in less traditional retirement locations.

                                                                             www.experian.co.uk/mosaic           | Mosaic         | 3
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
Channels
    Mosaic enables consistent targeting across a multitude of on and off-line channels

          E-mail                  Digital Advertising                Mobile              Direct Mail

     Telemarketing                  TV & Video On            Location Planning           Out of Home    and more
                                      Demand                     & Design

    Mosaic: the common currency
    for cross-channel marketing

    Nowadays, most organisations engage          Mosaic’s consistent classification         Did you know?

                                                                                            70%
    their target audiences across multiple       works as a ‘common currency’ across
    channels, with marketing campaigns           all channels, underpinning the whole
    that often use different targeting           of your marketing activity. Backed by
    methods for each channel. The risk           relevant and up-to-date consumer
    is that you can end up talking to the        insight, Mosaic enables you to plan
                                                                                            of consumers
    same customer in different ways, about       and measure campaigns to your target       say email is their
    different things, in different places.       audiences consistently across all the
                                                 different channels at your disposal.
                                                                                            preferred choice
    By consistently segmenting people
    according to their characteristics                                                      of communication
    and behaviour, you can instead talk                                                     channel, when
    confidently about the things that matter
    to them, using the channel they are                                                     being contacted
    most likely to respond to.                                                              by companies 2
    Mosaic is more than a socio-
    demographic segmentation and is even
    more relevant today than when first
    created over 30 years ago. By giving
    you a clear picture of who consumers
    are, where they are and what they want,
    Mosaic offers actionable consumer
    insight that is focused on the individual,
    rather than the channel.

4    |   Mosaic      |    www.experian.co.uk/mosaic
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
Did you know?

                                            74%
                                            would respond
                                            positively to
                                            companies that
                                            understand them3

Mail, telephone, mobile and e-mail         Mosaic gives you a framework that               Did you know?

                                                                                           52%
Identify the consumers that are most       unlocks unique consumer insight
responsive to different direct marketing   for use across all channels, staying
channels and tailor your offer and         consistent regardless of the media you
creative based on Mosaic.                  are using.
                                                                                           of consumers
Digital and mobile advertising             The benefits to you:
Use Mosaic to define your target
                                                                                           would walk away
                                           •L
                                             ook beyond channel-specific
audiences and serve differentiated
                                            differences to target different
                                                                                           from a company
advertising based on relevant
                                            individuals and households – and               that tried to sell
insights to optimise the return
on your media spend.
                                            allocate your online and offline media         them something
                                            spend to best effect
TV advertising
                                                                                           they had already
                                           •V
                                             iew a single detailed profile of each
Increase brand awareness with your
                                            group to easily create consistent
                                                                                           refused4
core audiences by using Mosaic to
                                            messages – whether you’re in
deliver targeted ads via digital TV and
                                            marketing, sales or CRM
on-demand boxes.
                                           •G
                                             et more from your marketing by
Locations
                                            bringing marketing activity together
Mosaic helps you plan where you
                                            under one classification system.
should have a physical presence and
understand how catchment profiles
have an impact on your in-store
sales performance.

                                                                          www.experian.co.uk/mosaic   | Mosaic   | 5
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
1

    How can Mosaic help you?

    By providing you with rich and detailed      Strengthen brand awareness and new          have the right product mix to meet the
    consumer insights, Mosaic can                customer acquisition                        demands of your customers and drive
    help you to:                                 Mosaic helps you understand who             sales growth.
                                                 your customers are, and how to reach
    Personalise your customer experience                                                     Make your job easier
                                                 more people like them. The ability to
    When used effectively, Mosaic underpins                                                  With a deeper understanding of your
                                                 consistently target and reach audiences
    the key decisions a brand makes                                                          customers you can make better decisions
                                                 with relevant content across direct and
    about how they engage with their                                                         on how to engage and treat them
                                                 indirect channels ensures the right
    customers. From determining the most                                                     fairly. Whether you work in marketing,
                                                 individuals are receiving your message.
    appropriate products or services to offer,                                               operations, customer services or are on
                                                 This helps you build your brand presence
    through to the most appropriate way to                                                   the board, Mosaic is designed to make
                                                 and ensure you are acquiring the
    communicate with them, Mosaic helps                                                      your job easier.
                                                 right type of customer to achieve your
    to improve retention and increase your
                                                 marketing goals.
    share of wallet. The insight Mosaic offers
    when combined with your own data can         Optimise your location footprint            Image Key
    be used across your organisation – right     Widely used by retail and leisure brands,   1
                                                                                                  he summary screen gives a high-level overview
                                                                                                 T
                                                                                                 of each group and type and allows you navigate
    up to the boardroom – to get an in depth     Mosaic helps determine where there              to more in-depth insight.
    understanding of who your customers          are the highest concentrations of your      2
                                                                                                  he new visualisation allows you to sort the
                                                                                                 T
    are and put them at the heart of your        best customers in order to find the right       groups based on features that are important to
    business decisions.                          locations for new stores, facilities and        you. This shot shows the distribution for average
                                                                                                 age compared to average income.
                                                 branches. Furthermore, through detailed
                                                                                              Heat maps show where the highest
                                                                                             3
                                                 catchment analysis, you will also be able
                                                                                              concentrations of each group and type
                                                 to optimise resources and ensure you         can be found.
                                                                                             4
                                                                                                  he Mosaic visualisation now allows you to
                                                                                                 T
                                                                                                 compare groups and types for key data points;
                                                                                                 this shows the concentration of 18-25 year olds
                                                                                                 within the groups.

6   |    Mosaic     |    www.experian.co.uk/mosaic
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
2

Get marketing support from Mosaic
Experian’s team of consultants and
analysts are dedicated to helping
organisations define and execute their
                                            3
marketing strategy and get the most
from Mosaic.
To maximise the value of Mosaic, and to
ensure you are making the most of every
opportunity available to you, you’ll have
access to:
•T
  he easy-to-use and interactive Mosaic
 visualisation tool to help you get to
 know the segments that are most
 relevant to you
•A
  nimations for the Groups and Types
 to help you articulate to your business    4
 stakeholders who your target
 segments are                                   Data visualisations give you a clearer view
•T
  he latest consumer insight and               Despite the depth and detail of its data, Mosaic
 marketing thought leadership,                  is simple and intuitive to use. User-friendly
 including Experian white papers,               visualisations bring consumer Groups and
 infographics, blogs and news                   Types to life like never before.

                                                www.experian.co.uk/mosaic            | Mosaic      | 7
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
2.22m
                                                                                        Households

    155k
    Postcodes

    The benefits of mapping Mosaic

    Mapping Mosaic helps you in many            You can even understand specific
    ways. You can optimise locations for        location-based needs of your
    new retail outlets by understanding         customers ­— including transport
                                                                                           We now have a
    the potential of the local market. You      methods and requirement for relevant       number of new
    can also identify locations where           products, such as indoor and outdoor
    static posters and billboards will reach    furnishings.
                                                                                           stores performing
    commuters within your customer base
                                                Mapping Mosaic helps to reveal better      well above average,
    most effectively. In addition, you can
    scope out new locations that offer strong
                                                insight into many Mosaic types.            thanks in part to
    matches with those locations in which                                                  the modelling
    your current customers live.
                                                                                           and forecasting
                                                                                           from Experian.

                                                                                           Tony Preedy
                                                                                           Marketing Director, Lakeland

8   |   Mosaic      |   www.experian.co.uk/mosaic
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
Urban diversity
                    Mosaic clearly highlights
                    the patterns of high-flying
                    professionals (lilac), students
                    and recent graduates in smaller
                    rented properties (khaki),
                    childless blue collar and service
                    workers living in terraces and
                    flats (scarlet), and pockets
                    of less well-off families living
                    in council-owned properties
                    (orange). Moving beyond the
                    postcode to full household
                    detail will identify even greater
                    diversity in urban areas.

                    Suburban diversity
                    While suburban areas can
                    appear on the surface to be a
                    bland monotone area of identikit
                    housing, Mosaic can peer inside.
                    It will reveal all the different types
                    of household that reside there,
                    with their various life-stages,
                    marital status, household
                    compositions and financial
                    positions, as well as taking into
                    account the variations between
                    estates as a whole (cooler colours
                    – better off vs. hotter colours –
                    less well off).

                    Rural diversity
                    Within rural areas, we are
                    able to pick out the individual
                    households that are likely
                    to be commuting to towns
                    and cities nearby (blue and
                    teal) vs. residents with more
                    of a local focus i.e. in blue
                    collar, agricultural or mining/
                    manufacturing occupations,
                    including those that are likely to
                    be self-employed (light green).
                    It is also possible to identify
                    wealthy households and farmers
                    living in larger housing (purple/
                    dark green).

www.experian.co.uk/mosaic       | Mosaic           | 9
Mosaic Scotland The consumer classification solution for consistent cross-channel marketing
Mosaic Scotland
     Classifications

     A                A01   Premium Fortunes
                                                 Influential families with substantial income established in distinctive,
                                                 expansive homes in wealthy enclaves

                                                 High status households owning elegant homes in accessible inner
                      A02   Uptown Elite
                                                 suburbs where they enjoy city life in comfort
     City
     Prosperity
                                                 Ambitious 20 and 30-somethings renting expensive apartments in
                      A03   Metro High-Flyers
                                                 highly commutable areas of major cities

     B                B04   Diamond Days
                                                 Retired residents in sizeable homes whose finances are secured by
                                                 significant assets and generous pensions

                                                 High-achieving families living fast-track lives, advancing careers,
                      B05   Alpha Families
                                                 finances and their school-age kids’ development
     Prestige
     Positions
                            Bank of Mum          Well-off families in upmarket suburban homes where grown-up
                      B06   and Dad              children benefit from continued financial support

                            Empty-Nest           Mature couples in comfortable detached houses who have the means
                      B07   Adventure            to enjoy their empty-nest status

     C                C08   Wealthy
                            Landowners
                                                 Prosperous owners of country houses including the rural upper
                                                 class, successful farmers and second-home owners

                                                 Country-loving families pursuing a rural idyll in comfortable
                      C09   Rural Vogue
                                                 village homes while commuting some distance to work
     Country
     Living
                            Scattered            Older households appreciating rural calm in stand-alone houses
                      C10   Homesteads           within agricultural landscapes

                                                 Retirees enjoying pleasant village locations with amenities to
                      C11   Village Retirement
                                                 service their social and practical needs

     D                D12   Satellite Settlers
                                                 Mature households living in expanding developments around
                                                 larger villages with good transport links

                                                 Rural families in affordable village homes who are reliant on the
                      D13   Local focus
                                                 local economy for jobs
     Rural
     Reality
                                                 Pensioners living in inexpensive housing in out of the way
                      D14   Outlying Seniors
                                                 locations

                                                 Mid-income families in remote areas with long travel times to
                      D15   Far-Flung Outposts
                                                 larger towns

                                                 Ageing couples and singles living in the most remote rural
                      D16   Maturing Outposts
                                                 communities

10   |   Mosaic   |    www.experian.co.uk/mosaic
E            E17   Legacy Elders
                                        Time-honoured elders now mostly living alone in comfortable
                                        suburban homes on final salary pensions

                                        Peace-seeking seniors appreciating the calm of bungalow
             E18   Bungalow Haven
                                        estates designed for the elderly
Senior
Security
                   Classic              Lifelong couples in standard suburban homes enjoying
             E19   Grandparents         retirement through grandchildren and gardening

                                        Senior singles whose reduced incomes are satisfactory in their
             E20   Solo Retirees
                                        affordable but pleasant owned homes

F                  Boomerang            Long-term couples with mid-range incomes whose adult
             F21   Boarders             children have returned to the shelter of the family home

                                        Active families with teens and adult children whose prolonged
             F22   Family Ties
                                        support is eating up household resources
Suburban
Stability                               Pre-retirement couples with respectable incomes enjoying
             F23   Fledgling Free
                                        greater space and spare cash since children left home

                                        Single mature owners settled in traditional suburban semis
             F24   Dependable Me
                                        working in intermediate occupations

                                        Older residents owning small inner suburban properties with
             F25   Ageing Access
                                        good access to amenities

G
                   Cafés and            Affluent families with growing children living in upmarket
             G26   Catchments           housing in city environs

                   Thriving             Well-qualified older singles with incomes from successful
             G27   Independence         professional careers in good quality housing
Domestic
Success                                 Busy couples in modern detached homes juggling the demands
             G28   Modern Parents
                                        of school-age children and careers

                   Mid-Career           Professional families with children in traditional mid-range
             G29   Convention           suburbs where neighbours are often older

H
                                        Forward-thinking younger families who sought affordable
             H30   Primary Ambitions
                                        homes in good suburbs which they may now be out-growing

                                        Settled families with children owning modest, 3-bed semis in
             H31   Affordable Fringe
                                        areas where there’s more house for less money
Aspiring
Homemakers                              Pre-family newcomers who have bought value homes with
             H32   First-Rung Futures
                                        space to grow in affordable but pleasant areas

                   Contemporary         Fashion-conscious young singles and partners setting up home
             H33   Starts               in developments attractive to their peers

                                        Occupants of brand new homes who are often younger singles
             H34   New Foundations
                                        or couples with children

                                        Bright young singles on starter salaries choosing to rent homes
             H35   Flying Solo
                                        in family suburbs

                                                                www.experian.co.uk/mosaic              | Mosaic   | 11
Mosaic Scotland
     Classifications

     I                I36   Solid Economy
                                                  Stable families with children renting better quality homes from
                                                  social landlords

                                                  Families supporting both adult and younger children where
                      I37   Budget Generations
                                                  expenditure can exceed income
     Family
     Basics
                                                  Younger families with children who own a budget home and are
                      I38   Childcare Squeeze
                                                  striving to cover all expenses

                                                  Families with many children living in areas of high deprivation
                      I39   Families with Needs
                                                  and who need support

     J                J40   Make Do
                            & Move On

                            Disconnected
                                                  Yet to settle younger singles and couples making interim homes
                                                  in low cost properties

                                                  Young people endeavouring to gain employment footholds while
                      J41   Youth                 renting cheap flats and terraces
     Transient
     Renters
                                                  Younger hard-pressed singles in social housing with financial
                      J42   Streetwise Strain
                                                  challenges

     K                K43   High Rise Residents
                                                  Renters of social flats in high rise blocks where levels of need
                                                  are significant

                      K44   Shoestring Singles    Maturing singles and homesharers struggling to get by
     Municipal
     Challenge
                                                  Older social renters settled in low value homes in communities
                      K45   Low Income Workers
                                                  where employment is harder to find

     L                L46   Dependent Greys
                                                  Ageing social renters with high levels of need in centrally located
                                                  developments of small units

                                                  Penny-wise elderly singles renting in developments of compact
                      L47   Pocket Pensions
                                                  social homes
     Vintage
     Value
                                                  Supported elders in specialised accommodation including
                      L48   Aided Elderly
                                                  retirement homes and complexes of small homes

                                                  Longstanding elderly renters of social homes who have seen
                      L49   Estate Veterans
                                                  neighbours change to a mix of owners and renters

                            Seasoned              Deep-rooted single elderly owners of low value properties whose
                      L50   Survivors             modest home equity provides some security

12   |   Mosaic   |    www.experian.co.uk/mosaic
M             M51
                    Down-to-Earth
                    Owners
                                          Ageing couples who have owned their inexpensive home for
                                          many years while working in routine jobs

                                          Lower income owners whose adult children are still striving to
              M52   Offspring Overspill
                                          gain independence meaning space is limited
Modest
Traditions
                                          Hard-working mature singles who own budget terraces
              M53   Self Supporters
                                          manageable within their modest wage

N             N54   Career Builders
                                          Motivated singles and couples in their 20s and 30s progressing
                                          in their field of work from commutable properties

                                          Entertainment-seeking youngsters renting city centre flats in
              N55   Central Pulse
                                          vibrant locations close to jobs and night life
Rental Hubs
                                          Singles renting affordable private flats away from central
              N56   Bus-Route Renters
                                          amenities and often on main roads

                                          Students living in high density accommodation close to
              N57   Student Scene
                                          universities and educational centres

                                                                  www.experian.co.uk/mosaic               | Mosaic   | 13
Behind every customer is an
        individual. Mosaic means you
        can start treating them that way.
        To find out how Mosaic could
        help you, contact us:
        www.experian.co.uk/mosaic
        0844 481 9911

About Experian Marketing Services
Experian Marketing Services is a global provider of integrated consumer insight and
targeting, data quality and cross-channel marketing. We help organisations from
around the world intelligently interact with today’s dynamic, empowered and hyper-
connected customers. By coordinating seamless interactions across all marketing
channels, marketers are able to plan and execute superior brand experiences that
deepen customer loyalty, strengthen brand advocacy and maximise profits.

Why Experian?
Over the last 30 years, Experian has established itself as a leading global provider
of consumer classifications. Our unique combination of consumer insight allied
to our understanding of local markets and economies means we can identify the
best sources of data and methodologies to build truly innovative segmentation.
This latest version of Mosaic UK takes its place amongst a family of consumer
segmentation that is available in 29 countries and classifies over a billion
consumers worldwide.

Sources
1
    http://www.experian.co.uk/assets/marketing-services/infographics/scv-infographic-final.pdf
2
    http://www.experian.co.uk/marketing-services/knowledge/infographics/infographic-new-mosaic.html
3
    http://www.experian.co.uk/assets/business-strategies/images/scv-infographic-final.pdf
4
    http://www.experian.co.uk/assets/business-strategies/images/scv-infographic-final.pdf
Cardinal Place       Embankment House   160 Dundee Street
80 Victoria Street   Electric Avenue    Fountainbridge
London               Nottingham         Edinburgh
SW1E 5JL             NG80 1EH           EH11 1DQ

                                                                         Intelligent interactions.
                                                                                      Every time.

                                                            © Experian Limited 2014.
                                                            The word “EXPERIAN” and the graphical device are trade
                                                            marks of Experian and/or its associated companies and
                                                            may be registered in the EU, USA and other countries.
                                                            The graphical device is a registered Community design in the
                                                            EU. All rights reserved.

                                                            Experian Ltd is authorised and regulated by the Financial
                                                            Conduct Authority. Experian Ltd is registered in England and
                                                            Wales under company registration number 653331. Registered
                                                            office address: Landmark House, Experian Way, NG2 Business
                                                            Park, Nottingham, NG80 1ZZ.
You can also read