At The Future of Consumer Intelligence 2013, IIR’s Marc Dresner sat down with Joshua Kanter, senior vice president of Revenue Acceleration & Total Rewards for Caesar’s Entertainment, to discuss the extent to which insight and data drives decision-making in an organization.
Insight and customer analytics has been central to the success of Caesar’s Entertainment. Kanter recalled an anecdote from the CEO that says, “There are only three ways to get fired from Caesar’s Entertainment: 1) Steal 2) Harassment 3) Not Having a Control Group.”
In the Caesars’ DNA is the notion that the employees are always trying to learn and are always experimenting. According to Kanter, part of that is about testing with real customers, part of that is about listening, and part of that is about insights work and the voice of the customer.
“We, as a company, are among the world’s leading practitioners of consumer insights and certainly, consumer analytics,” he commented.
Caesars has been practitioners of Big Data long before the term was even coined. In fact, the volume of the data that the company has and collects over its 45 million members is extraordinary. Kanter said, “We’ve been pioneers in developing analytics that tie together all of the various pieces of the customer journey.”
For instance, he explained, in a slot machine every time you make a bet there is something called a handle pull. There are billions and billions of handle pulls in a day. Well, that has simply been too large for us to look at it. Now with new technologies, we are able to start looking at that data at a granular level and there is a lot of richness there analytically.
These days, everyone is focused on integrating the holistic view of the customer including internal and external data. Caesars is starting at a farther point than a lot of its competitors, but Kanter knows that this is where everything is going.
“We are taking it very seriously and making strategic investments to understand and make use of Big Data in a way that none of our competitors ever have,” he said.
This year, The Future of Consumer Intelligence 2014 explores the emerging role of decision science and the convergence of knowledge points - insights, foresights, social science, marketing science and intelligence with technology as a central driving force and profound connector.
Right now, it's about connecting ideas to data to culture to the future of your business and this, is the real data revolution. This year represents the year of the multi-dimensional marketplace, and just as the market researcher's role evolves, so does our third annual event. FOCI is a gathering of the "consumer culture" collective exploring common ground across roles and industries for translating behavioral information into business opportunity. We hope to see you there!
Join us at FOCI 2014 in May. To register, click here: http://bit.ly/1glD9Xv
About the Author: Amanda Ciccatelli, Social Media Strategist of the Marketing Division at IIR USA, has a background in digital and print journalism, covering a variety of topics in business strategy, marketing, and technology. Amanda is the Editor at Large for several of IIR’s blogs including Next Big Design, Customers 1st, and ProjectWorld and World Congress for Business Analysts. She previously worked at Technology Marketing Corporation as a Web Editor where she covered breaking news and feature stories in the technology industry. She can be reached at firstname.lastname@example.org. Follow her at @AmandaCicc.