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Sourced from TECHMAG

Brands are always looking out for new and effective methods and tricks to enhance their growth. These tricks are often referred to as growth hacking strategies, and implementing the right ones can cause phenomenal growth.

With many strategies to choose from, choosing the ones with the highest success ratio and return on investment matters a lot. Before that, if you need to know the exact definition of growth hacking, it is an experiment-driven technique, striving to find the most efficient methods to grow a business.

Growth hacking is especially crucial for start-ups with a little budget to market their offerings. Let us take a look at the nine best, and tested growth hacking strategies start-ups can readily utilize.

Growth Hacking Strategies For New Start-ups

1. Have a Simple, Intuitive Homepage

Your business’s website is the digital version of a storefront. And the website’s homepage can be the doorknob. If the doorknob is too complex to use, customers will have a hard time entering the store.

The same is true for your business website. Remove all clutter and always opt for a simple homepage. Customers must not be even slightly confused while navigating it. Make the CTAs approachable, and the company information clear and concise.

2. Create an Email Waiting List

Even though many refer to email marketing as an old school technique, it still rocks in 2020. For every single dollar invested in email marketing, you can expect a return on investment of $42. Collecting email addresses and creating an email list is an effective strategy, even if you’re months before launch.

Read more: Why Business Plan is Important for New Startups

Along with creating pre-launch hype, email marketing can be used to deliver critical information regarding your product. You can also utilize an email list to maintain a consistent relationship with your customers. The key is to utilize email marketing to add more value to the user journey.

3. Learn From Your Competitors

You have a lot to learn from your competitors, especially those who made it into the industry a long time ago. Look at how they market their products. Check out their levels of interactions with customers.

Since they made it into the industry before you, they will probably have tried, failed, and succeeded in many strategies. This will allow you to avoid strategies with lower success rates and focus only on those that guarantee remarkable results.

4. Offer Discounts for Shares

Word of mouth is still a useful marketing tool. The more customers you satisfy, the more number of friends they will bring along. You can also offer specialized discounts to users who are keen to refer to your products.

For instance, Dropbox increased its sign-ups by 60% by offering users extra storage space for each referred friend. If you succeed in gaining social desirability for your product and your brand, you will soon experience more inquiries and sales. Even something as nominal as a 5% discount will do the trick.

5. Collaborate With Influencers

Irrespective of your products or services, there will always be an influencer who rule your industry. Finding those individuals is as easy as searching for your products on social media platforms like Facebook, Instagram, and YouTube.

Connect with such influencers and allow them to creatively introduce your company. You can include influencer marketing as a top priority marketing strategy and experiment with multiple influencers.

You can also collaborate with influencers to co-create content that can be published on your channels or profiles. For branding, you can start your videos with a memorable intro. You can use free into makers like VideoCreek, for that matter. Visit VideoCreek for more information.

6. Try the Path of Exclusivity

People love acquiring exclusive products. You can use this as a marketing strategy and restrict access to your products. If yours is a product company, you can release only a specific number of units at a time and keep the customers waiting for the next release.

You can even follow an “invite-only” strategy to build the hype. Gmail used this strategy in their initial days, and only users who received an invitation could sign up. Even Pinterest benefited a lot from exclusivity.

7. Build a Cheerful Social Media Community

The majority of customers will be spending most of their time scrolling through the endless feeds of social media networks. So it makes more sense to connect with your prospects on such platforms.

Along with paid social media campaigns, there are numerous organic strategies you can utilize. With consistency in publishing content, responding to customer reviews, and actively keeping up with the latest trends, you can organically grow your follower base.

You can use witty social media copywriting and graphics to entice and convert people. You can also utilize social media networks to advertise your products. With the help of an online ad maker, you can craft convincing ad creatives for your campaigns and serve it to potential customers using paid advertising. Have a peek here guys for more info.

8. Use Third-Party Platforms to Pre-Launch Your Products

You can utilize third-party websites like Product Hunt to launch your products and validate their concepts. In such platforms, people review products and projects and vote for their favorite ones. Doing so will help you gain significant exposure at a nominal cost.

9. Leverage Q&A Sites

Q&A websites like Quora are the go-to sites for internet citizens to get answers to their questions. You can use such websites to generate relevant traffic to your site and improve your brand’s exposure.

Reddit too is a powerful platform for that matter. If you are a SaaS company, you can use professional platforms like Inbound.org, GrowthHackers, and StackOverflow as well. You can also utilize such platforms to converse with prospective customers and understand their take on your product.

In Conclusion

Contrary to popular belief, growing a company doesn’t always have to be challenging, time-consuming, or let alone an expensive process. The key is to follow the growth strategies that have been proven in the past, and the strategies listed in this article will surely be useful.

Sourced from TECHMAG

By Joe McKendrick

The mythology of many of society’s greatest scientists, inventors and writers flourishing in splendid isolation makes for great storytelling, but true ongoing innovation is more of a result of close collaboration and teamwork. With working from home now a relatively permanent state in the business world, here’s a growing realization that while productivity has received a boost, the process of innovation needs rethinking.

The now seven-month-long grand work-from-home experiment among knowledge and office workers has shattered many of the pre-conceived notions of managers that it can’t be done in a productive way. However, the ability to foster innovation across solely electronic interactions is still a challenge.

That’s the finding of a recent survey of 9,000 managers and employees across Europe, conducted by Boston Consulting Group and KRC Research, commissioned by Microsoft. Executives say their remote teams have been highly productive, with 82% saying they saw productivity levels either hold steady or increase as people shifted to remote work. More than half also see it as a powerful way to retain top talent.

At the same time, companies’ spirit of innovation has declined precipitously as their workforces got dispersed this year. In a similar survey conducted last year, 56% of executives considered their companies to be innovative with products and services. That percentage dropped to 40% this year.

To some degree, this drop can be attributed to the crisis atmosphere that reigned with the onset of Covid-19 measures. At the same time, managers admit they are not well-versed in handling large swaths of remote workers. A majority, 61%, report they have not learned how to effectively delegate and empower virtual teams.

The lesson learned is that promoting innovation is proving harder than ensuring productivity, the study’s authors point out. The cost of a highly dispersed workforce is “a loss of sense of purpose, which at work, is largely driven through strong and cohesive relationships and seeing how your tasks have impact on others,” reports Dr. Michael Parke, assistant professor at The Wharton School of University of the Pennsylvania and research collaborator. “Both of these are more easily accomplished when people work co-located and are more challenging when working virtually.”

As the Microsoft study bears out, fostering a spirit of innovation online calls for new tools and ways of communicating, and many managers and employees are still on a learning curve. In recent months, I have been going to experts in the fields of management, technology and communications to get their takes on how to approach this new way of working.

For starters, it needs to be said that traditional in-person workplace encounters may often be stifling, and not necessarily supercharging innovative spirits, says Neil Gordon, founder of Neil Gordon Consulting a communications advisory firm. “Getting everyone in the room together holds a certain social order — people are meant to stay in their seats and honor the container set by the leader of the meeting. If someone were to get up and wander around or even leave the meeting outright, it would carry with it enough tension to be disruptive.” In contrast, he continues, “participants in virtual meetings can simply turn off their camera momentarily and do pretty much anything they want in service of their own creative flow – write on their white board, and do push-ups – and then turn their camera back on when they’re done. Thus a savvy manager will give participants agency to turn off their camera if they feel like they need to work something out on their own.”

There are ways to replicate the “serendipity” that helps foster workplace innovation, says Aviv Ben-Yosef, consultant to technology industry executives. “No longer can you overhear a conversation or easily have water cooler conversations,” he says. Open communication is the key starting point. “Create opportunities for serendipity to take place that are adjusted to this situation,” he advises. “Have open communication — no private Slack messages on work-related stuff — so others might notice and chime in. Encourage peer reviews and sessions of working together to prevent people from becoming lost or going off on the wrong track for too long. The key here is communication.”

Secondly, Ben-Yosef advises, “make a conscious effort to use the advantages of this situation to your benefit. Remote environments lend themselves, if used correctly, to uninterrupted work sessions that allow people to achieve and remain in a state of ‘flow’ for longer. Leverage written communication—in an asynchronous environment, a well written paragraph can save a day of back and forth in email or a make a 90-minute meeting take only 15.”

Communication is one critical element of remote work innovation, and leadership is the other. “The question facing companies today is not whether innovation is better done in-person or via remote teams,” says Ravi Gajendran, associate professor of global leadership and management at Florida International University. “The real question now is how can leaders organize remote teams to be innovative. Almost every innovation project leader is likely to have to innovate with team members working remotely. In that sense, most teams today are virtual teams.”

Those organizations with at least some prior experience working together will be able to find ways of getting their work done even when working remotely, Gajendran points out. “Prior trust and goodwill will keep the team processes going even as they transition to remote work.”

Over time, Gajendran cautions, maintaining the “teaminess” of teams is going to be difficult when working remotely. “This is especially true as team members are working under stressful circumstances out of their homes and having to connect electronically over email and Zoom. The team can come unglued pretty fast as members begin to feel psychologically disconnected from one another.” To counteract this, Gajendran advises recognizing that leaders are the glue that can keep teams together. “Leaders can foster member inclusion in remote teams through personalized leadership by reaching out to each member. Frequent communication and a personal connection are critical for members feeling part of the team. When members feel included, they are more likely to contribute their ideas and solutions, which is critical for team innovation.”

Feature Image Credit: Can innovation flourish in remote work? GETTY

By Joe McKendrick

I am an author, independent researcher and speaker exploring innovation, information technology trends and markets. I am also a co-author of the SOA Manifesto, which outlines the values and guiding principles of service orientation in business and IT. I served on the organizing committee for the recent IEEE International Conference on Edge Computing, and was active on the program committee of the International SOA and Cloud Symposium series. Much of my research work is in conjunction with Forbes Insights and Unisphere Research/ Information Today, Inc., covering topics such as cloud computing, digital transformation, enterprise mobility, and big data analytics. I am also a contributor to CBS interactive, authoring the ZDNet “Service Oriented” site. In a previous life, I served as communications and research manager of the Administrative Management Society (AMS), an international professional association dedicated to advancing knowledge within the IT and business management fields. I am a graduate of Temple University

Sourced from Forbes

By Tim Hughes

For organisations there is now a rush to digital.

I’m not talking about systems change, I’m talking about, looking at the business “as is” and working out how to get your people and processes to be more digital “to be”.

I’m saying “more digital” as this is a journey.

Talking with James Stirk who is one of the experts on the team here at DLA Ignite.  He has always used the 4 Ps in his leadership positions.

Let’s not forget we are in the middle of a Pandemic, cash is tight, so what can we do to be more digital, strip out cost and increase our output?

In this blog, I take you through a number of factors you need to look at.

Pipeline – What can we do to maximize pipeline?

This requires us all to do what we can across the business to be in the pipeline building business.

We also have to be totally honest with ourselves here.  “What got us here, won’t get us there”.  We all know that business has changed due to the Pandemic and we have to change our sales and marketing models or run out of cash, without the right pipeline.  Research from Hubspot shows that “the number of deals created dropped 11% the week of April 6.”  I’m writing this in October 2020, do we really think that the deals created has picked up?

This diagram is of the deal drop in the US up to the 4th June 2020.  (The research also had figures for Europe and Asia.)

Let’s look at two of the most traditional ways of marketing before the pandemic, digital advertising and email marketing.

Digital Advertising

Yesterday I had a fascinating conversation with a Martin Lucas for an up and coming #TimTalk(my podcast) and the following figures are engagement rates for digital advertising.

1.61% Facebook

1.91% Google

0.35% Programmatic (this is where ads follow you around when you browse)

That means that digital advertising has a 98.81% failure rate and based on the amount of money that is spent on digital advertising, that means that $265 Billion is wasted on digital advertising every year.  This is an example of one area where before the pandemic it was seen as Ok to make spend like this, now it’s flushing dollars down the toilet.  It’s time to stop the spend, here is an article on whyCoca Cola stopped their advertising spend.

Another example is email marketing.

Email Marketing

According to Hubspot, the response rate to emails fell to a record low of 2.1% in April 2020. Said differently, 98% of our efforts to reach new prospects failed.

Hubspot say in the report “Sales teams are sending about 50% more email to prospects than they were pre-COVID, but responses continue to drop. Last week, sales response rates hit an all-time low for 2020 at 2.1%, a lower response rate than Christmas week 2019.”

Diagram from Hubspot showing the number of emails being sent going up and the response reducing.

Hubspot also said “These trends tell an important story. Email prospecting, to put it bluntly, is out of control. It’s easy to send thousands of emails with just a few clicks, and in a chaotic time, we understand why sales teams are sending so many. But volume and quality is a tradeoff — the time a team saves by sending out email blasts is wasted if that outreach isn’t personalized, relevant, and helpful. These gaps are clear in the data.”

What This Means for Businesses

Targeted prospecting matters more than ever.

Advertising and Email Marketing are just not fit for purpose in the Covid19 world, and you need to switch spending in these areas to create pipeline.

To quote Hubspot “As buyers have moved their purchasing online out of necessity, businesses with an established digital presence have reaped the rewards.”

The next P in James’s model is

People

This is about making sure you have a real hard honest look at the people you have and work out, “are they the people that will get us to the next phase of our business?”

It’s time for some hard choices.

A friend of mine recently advertised for a role, before the pandemic it would have been difficult to get a candidate and they would have employed search and advertised the role.  My friend, put a post on Linkedin and got 300 applications.

Obviously, you need to take into account ramp up times if you take on new teams.

One Venture Capital (VC) company I know, whenever they buy a company they fire the whole of the marketing department.  Why?  They tell me it’s very simple, if the team they buy hasn’t implemented digital and social by now, they never will.  They bring in interim people and build out a new team.

The third position in James’s 4 Ps is

 Partner or Channel

James’s argument is that each business needs to activate and support its channel and partners.

To use a roads metaphor, the direct sales channel is like the autoroutes or motorways, where the channel is the more minor roads.  Either way with a direct sales model and an indirect / partner / channel model you should have the greatest amount of coverage.

The more coverage the better the pipeline.

And finally the 4 P is

Process Improvement

This is where the business needs to look at all the processes in the business to

– Maximise pipeline

– To make it easier to close business

– To increase the win rate

What can you do to hit all of the 4Ps?

Pipeline?

People?

Partner?

Process?

The Number One Thing You Can Do As a Leader Is to Invest in Your Employees to be Digital

Your business went into lockdown analogue, but you as a leader have a duty of care to make sure your team come out as digital.

This is backed up by research from MIT and Korn Ferry.

“Groundbreaking international research by MIT’s Center for Information Systems Research (CISR) reveals that enterprises that invest in building the digital skills of their internal workforce significantly outperform those who cut back”

“That conclusion is supported by conducted similar analysis from management and recruitment consultancy Korn Ferry which arrived at much the same conclusions – the most successful business are those who take a longer-term view on building a workforce capable of navigating and thriving through the challenges of the future.“

High Performing Businesses Use Social Strategically 

In this report by Simon Kemp he outlines the extent that social media has become part of our lives.

What Is A High Performance Business in The Post Pandemic World?

If you are a modern high performing business where social media is strategic to your business, or you hope it will be strategic to the business read on.

How Social Media Has Been used in the Past

Social media has been used tactically in the past within the business.  Often it will be in digital marketing, which sits in marketing and this involves tweeting a broadcast message along the lines of “buy our product, because it’s great”.  There maybe differences on platforms, LinkedIn, Facebook, Instagram and Twitter, but the message is the same.  This is often called omnichannel.  You use all the channels, including email and cold calling and you push out the same message.

This is fundamentally broken, see statistics above.

Adverting, email marketing and cold calling are based on interruption and broadcast and social is based on permission and relationship.  This is a mistake that most companies make.

The Next Step In Social Media Maturity 

Back in 2015, I was involved in a very rudimentary social selling roll out across 4,000 people, across Europe.  It was basic as it was pretty much a way of connecting with prospects and clients that wasn’t spammy.  For example, connecting to people from the same University as you using a references that only a person who went there would know.  For example, somebody once connected to me on Linkedin with the message “Remember the “Silver Sword””.  Of course I did, I was the first pub off the campus of my University.  That meant I connected as we immediately had something in common.

Social / Digital Virtual / Remote Selling Comes of Age

Off the back of that I wrote the book “Social Selling – techniques to Influence Buyers and Changemakers”, which is available on Amazon worldwide.  I also wrote the blog “How to get 10 C-Level meetings a week using Twitter”.  These are stepping stones in the evolvement of social.  Both showing to the world that there was (and is) a business reason why you should have a social project in your business and the fact there is a return on investment (ROI).

The Social Business is Born

Back in 2018 we found that our social selling programs were “repeatable and predictable”.  Whenever we ran them it would create 30% more revenue and reduce the sales cycle by 40%.  This is pretty cool and something we are very proud of.

It was at this point that I tasked my Co-Founder, Adam Gray with executing the second part of our strategy, which was to create a “social business”.  We talked to our global resellers / partners and our global Associates and asked them which module do you want to come next, and the feedback was Human Resources.

Social Human Resources (HR) – Redefining HR in The Social Age

Now, if you talk to anybody in Human Resources (HR) they will say they use social media already in the department.  They probably (tactically) put out job ads on Twitter and when you ask them what return they get, the answer will be, little or zero.

Adam found a guy who is a member of the Chartered Institute of Personal Development (CIPD) and is also very social.  He was tasked with “reinventing the Human Resources department for the social age”.  He did this and we launched this in September 2019.  We also signed a contract for Social Marketing in December 2019.

Social Marketing – Redefining Marketing in the Social Age

Again, this wasn’t about having Marketing and layering on social media, which is the way Marketing works today, this is about redesigning Marketing for the social age.

To quote, Michael Brenner “Marketing’s job is finding people in your organisation, who want to share what they know or what they love”  how very true.  The same is for technical people.

Digital Supply Chain – Redefining Procurement and Supply Chain in the Social Age

I’ve just (August 2020) launched Social Procurement, but we are calling it Digital Supply Chain as that fits better with the nomenclature and sentiment of the procurement and supply chain market.

Business Transformation in the Social Age

It was back in 2019 that we stopped being just a social selling company and we became a business transformation company, using social media to impact the transformation.  Like the social selling programs, we are able to increase efficiency and effectiveness of a business and strip out cost.  An idea value proposition in the Covid19 pandemic.

The Social Age is Here

We are currently doing an implementation covering Sales, Marketing, Human Resources (HR) and Technical.

The company is a high-tech business so they have technical consultants and technical people in pre-sales.

Traditionally, these company work in silos or have distinctive roles and clear areas of demarcation.  Social has enabled businesses to strip out cost and increase output, ven during the pandemic.  Which right now is the “holy grail”

Where Do We Go From Here?

For those unsure of what to do, DLA Ignite will complete a review of your current social / digital / virtual / remote selling capability.  For free.

We will take your team (up top 10) and perform a complete root and branch Social Media Performance Assessment.

Sales, Marketing, Management, Technical, HR. Procurement ….whoever you want to include.

This will include: Profiles, connections, followers, inbound and outbound activity, content, engagement, follow up, results.

(Happy to provide the list of deliverables).

We will map your business against the DLA Ignite baseline and present back to you our findings. We will show you where improvements can be made and what results should be expected.  No hard sell, just present back to you a road map.

You entered lock down analogue, this is your chance to leave this pandemic, digital.

Please contact me here or one of the DLA Ignite team here, so please pick one of our industry experts or one of our experts in your geographical locality.  Our website is here.

n just a few months’ time, the COVID-19 crisis has brought about years of change in the way companies in all sectors and regions do business. According to a new McKinsey Global Survey of executives, 1 1. The online survey was in the field from July 7 to July 31, 2020, and garnered responses from 899 C-level executives and senior managers representing the full range of regions, industries, company sizes, and functional specialties. their companies have accelerated the digitization of their customer and supply-chain interactions and of their internal operations by three to four years.

By Tim Hughes

Sourced from DLA Digital Leadership Associates

By ,

The iOS innovations more or less stopped impressing us a long time ago. There’s almost nothing that they’re changing except for a dark theme, a volume control indicator, and a keyboard with swipes. There is nothing more to highlight.

However, when it comes to the iPad, more innovations were taking place. Moreover, due to a large number of differences, the operating system for tablets was even given its own name – iPadOS.

Here is the list of the top perks of iPadOS:

1. Widgets have moved to the home screen

A great idea that could be implemented on the iPhone as well.

You still don’t have enough freedom to place widgets wherever you want (for instance, between the apps icons), but a small column with some useful information was added.

Even though you’re a bit limited in this aspect of making your life better, you can improve another, a really huge area of your life. We’re talking about the financial sphere, about making your money. What is more, we know exactly how you can make your money make more money (sounds like a tongue twister, but you will be getting better-off while you sleep). The Jing Stock – bitcoin otc broker is the site we recommend to buy and sell bitcoin online. Bitcoin makes the future – you make money off bitcoin.

2. There are convenient control gestures now

In order to make your working with the text easier, they added four gestures with three fingers. Swipe to the left with three fingers – undo the input or the last action. Swipe to the right – return/repeat the action.

3. More icons on the desktop

The developers have finally redesigned the iPad interface instead of the banal stretching of the picture for it to match the huge screen.

4. The screenshot editor has become better than most photo editors

The already good screenshot editor just got better. Now you don’t even have to save your screenshot to the gallery if you wanna work on it.

5. The Safari browser has been significantly upgraded

Now the standard web page viewer displays a full-fledged version of the site with adaptation to the display’s width instead of a stripped-down mobile version for iPhone.

6. In Split View, you can run two windows of the same applications now

As a result, you can have two windows with email, notes, reminders, or a browser open for comfortable work on your device.

7. Slide Over is better in iPadOS

Quickly accessing the apps you need without leaving the one you’re in is a game-changer for all the Apple enthusiasts.

8. Apple introduces “Show All Windows” in a multitasking mode

With such a range of application launching capabilities, it can be easy to get confused by all these windows. The developers have provided the ability to view the copies of any of the applications open quickly.

9. iPad learned to work with a mouse

What many Apple tablet users have been waiting for was finally brought to life.

The left button performs the function of tapping the screen, the right one brings up the AssistiveTouch menu, and the middle one brings you back to the home screen. Most applications support a scroll wheel.

10. The Files app is actually useful there

The default file manager has long been a weird and useless program. With the release of iPadOS, everything changed. Alongside a full-fledged download manager for Safari, working with data on the tablet is taken to the desktop-like level.

11. iPad made friends with flash drives

Now plug-in storage media are fully supported by the Files application with the ability to transfer any data to the tablet memory and vice versa.

12. Download Manager – finally!

The Download Manager is another perk there. You can download any files from any sites. Before downloading, a pop-up window will appear, asking: “Do you want to download the file?” You’ll be able to find the downloaded file in your Files application.

13. Using Apple Pencil for screenshots

Swiping up the iPad screen with the Apple Pencil allows you to take a screenshot instantly – and it is opened in the editor immediately.

14. iPad as a second display for Macbook or iMac

This is great news for the designers and even video editors out there. The iPadOS tablets will be able to broadcast an image from an Apple computer without any problems, thereby replacing a second monitor. What’s more, the Apple Pencil will let you control your computer directly from your iPad.

We love iPadOS – iPad is really becoming a serious tool for work.

By ,

Sourced from coolsmartphone

By

Entrepreneurs are building tools that create emails or marketing copy using GPT-3, text-generation technology released earlier this year.

Michael Shuffett didn’t waste any keystrokes when responding to a message about the automated email writer he’s building. He tapped out “Yes 45m” and clicked a button marked “Generate email.” His app, Compose.ai, drafted a courteous three-sentence reply with a link to schedule a 45-minute call. Shuffett checked it over and clicked Send.

Compose is one of several automated writing tools built on striking new text-generation technology known as GPT-3, revealed in June by OpenAI, an artificial intelligence research institute. GPT-3 went viral this summer after people marveled at how it could fluently crank out memes, code, self-help blog posts, and Hemingway-style Harry Potter fanfic. WIRED and others showed that GPT-3 can also spout nonsense and hate, because its algorithms learned to generate text by digesting wide swaths of the internet.

Now, some entrepreneurs are harnessing GPT-3 to perform real work, like drafting emails or marketing copy. “Billions of people write email,” says Shuffett, a cocreator of Compose. “It’s a space that has not had much innovation for years.” Google’s Gmail will suggest ways to complete sentences and supply short, peppy replies to some emails—”Thanks so much!” But it doesn’t draft fuller messages.

Snazzy.ai, which launched to early testers last week, generates verbiage for web pages and Google ads, based on basic information about a campaign or brand. When supplied with keywords about WIRED and a phrase from its founding manifesto, Snazzy suggested marketing gloss with bits of robotic inspiration. One proffered Google ad included the coinage “geekspace,” a word that is rare online and has appeared on WIRED.com only twice, most recently eight years ago.

Image may contain Text Business Card Paper and Word
Courtesy of Snazzy AI

Chris Frantz, a Snazzy cofounder and marketer by trade, says the service reduces the drudgery of creating an initial splurge of ideas to be honed into a fresh campaign. “The goal is to offload the somewhat monotonous job of writing the copy, and move to the editing part,” he says.

VWO, which helps companies measure the performance of marketing content, has tested GPT-3 against human-written material for clients including travel site Booking.com. Of six tests with statistically significant results, AI-generated copy gained more clicks or interactions twice, and human-authored copy performed better once. The remaining three matchups were tied. More tests are ongoing, but VWO founder Paras Chopra believes marketers will gravitate to auto-generated material because it speeds experimentation. “The more you can test, the higher the likelihood you end up impacting your business metrics,” he says.

For email, Compose and others trying to inject GPT-3 have converged on a similar design: Write terse bullet points, click a button, and the AI will transform your laconic input into flowing paragraphs.

In a demo, Matt Shumer, a cofounder of OthersideAI, typed six short lines in response to a mock email asking what features coders should build next. When he clicked a button marked “Generate,” 21 words of snippets like “ofc,” “voice integration is easiest,” and “free every monday at 1pm” became 43 flowing words in reply.

An email composed by OthersideAI.

Courtesy of Otherside AI

Behind the scenes, apps built on GPT-3 send snippets of text dubbed “prompts” to OpenAI’s cloud servers. GPT-3 sends back new text it calculates will follow seamlessly from the input, based on statistical patterns it saw in online text.

That unusual way of interacting with a computer makes GPT-3 fun to play with but tricky to work with. Its broad experience of the web and lack of grounding in physical reality means it often veers into non sequiturs and nonsense.

Shumer says OthersideAI has been focusing on making GPT-3’s output “reliable and safe.” An early version of the app was too creative. It correctly interpreted prompts like “1pm meeting” but added fabrications like nonexistent doctor’s appointments. Shumer says that’s been fixed, and he’s now testing ways to make his service mimic a person’s writing style. He hasn’t yet decided if that should stretch to including curse words.

WIRED’s own experiments with the GPT-3-powered service Magic Email showed both the promise and perils of automated writing.

Drafting formulaic emails such as scheduling calls generally went well. Given three blunt bullet points—thanks; can call u Weds around 6pm yr time; yr new project snds interesting—Magic Email drafted the six-line email below, conveying the same information more warmly.

Image may contain Text
Courtesy of Magic Email

That could be useful for conversations where telegraphic, ungrammatical messages would come off as impolite. Magic Email provides buttons to give suggestions a thumbs up or down, and to ask the algorithms to try again.

The writing algorithms were less reliable on more complex messages. When drafting an email including a link about Covid-19 research, the app incorrectly wrote that it was related to skin cancer, perhaps because another part of the prompt mentioned dermatology.

Fixing such glitches was easy but raised the question of whether correcting auto drafts is more efficient than writing the email from scratch. Samanyou Garg, the UK developer behind Magic Email, says his service is improving and can be useful if as much as 30 percent of generated text needs tweaking. “I’ve had good feedback from people who say they’re saving a lot of time,” he says.

Magic Email refused to write at all when prompted with bullet points about online hate speech that included the phrase “Misogynist content big problem on Facebook.” A message appeared warning, “Your provided input seems to contain unsafe content so we have blocked your request.”

The safety filter may have been overcautious on that occasion, but it’s there with good reason. GPT-3 has learned the patterns of unsavory text online. Researchers at the Middlebury Institute of International Studies reported last month that it can fluently mimic anti-Semitic and terrorist content. More than four years since Microsoft’s chatbot Tay went rogue and tweeted favorably about Hitler, researchers still don’t know how to prevent algorithms from repeating or amplifying bias or bad judgment in text or other data.

OpenAI says that it vets customers before giving them access to GPT-3 and reviews every application of the service before it goes live. It has implemented a toxicity filter and suggests customers apply constraints such as always having a human review auto-generated text and implementing filters of their own.

The economics of AI-generated text are still unknown. With no competition from rival text-generation services, GPT-3 is relatively expensive—reflecting how OpenAI has pushed the boundaries of machine learning with help from immense computing power. Frantz of Snazzy gave up on offering a free tier when OpenAI revealed its pricing last month. Yet it shouldn’t be difficult for other AI players such as Google and Amazon to create similar text generators, and the technology could get cheaper and more accessible quickly.

Feature Image Credit: Illustration: Elena Lacey; Getty Images

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Sourced from WIRED

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Fostering hype takes time and money. And not everyone working on the good stuff has the time and money to buy hype

Hype tends to be denounced as the fuel of the substandard, the fraudulent and the disappointing. It’s what we blame when companies, technologies or ideas dominate the public consciousness, only to let us down; the invisible force that tricks us into believing the con; the eye-roll-inducing words that tell us to over-invest our time, money and faith into unique “solutions” that within a few months will turn out to be useless.

In short, hype is seen as the domain of hucksters and snake oil salesmen peddling the ordinary as exceptional. And hype has another, pernicious role – that of current-day distraction. In science and technology, it often amounts to a distraction of the public gaze, away from underrated innovation, and towards that which more easily captures attention. Away from the good stuff, towards the shiny stuff.

The Cambridge English Dictionary defines “hype” as a deception of sorts, a trick deployed “to make something seem more exciting or important than it is”; the Oxford Dictionary of English is more forgiving in its description: “extravagant or intensive publicity or promotion”. Hype has different definitions and connotations, then, depending on whom you ask or what dictionary you consult. And per se, hype is neither good nor evil: it’s a tool. It can be the catalyst for genuine innovation to get funding, attention, and regulatory consideration, and it can do the same for something not so legitimate.

The problem is: fostering hype takes time and money. And not everyone who is working on the good stuff – innovation that is impactful, useful, entertaining, or just original – has the time and money to buy hype. Hype, therefore, isn’t necessarily a fair measure of science and technology worth paying attention to.

Take fusion energy: a technology that has the potential to change energy production worldwide, and reduce society’s reliance on fossil fuels. A technology that has brought together 35 nations to work on a $25 billion science experiment in southern France. A technology which requires solving a problem so easy to explain: recreating the Sun’s power on Earth. Yet, despite growing awareness of the climate crisis, and the “tech will save us” narratives, fusion energy is often confused with current nuclear power stations (nuclear fission), is branded pseudoscience (due to the conflation with cold fusion) and is something most people will happily admit to knowing nothing about. There’s just no social pressure surrounding it as a trendy idea – unlike AI, blockchain, or Elon Musk’s scheme du jour.

It might seem unimportant to have more people talking about fusion energy when there is still much to be done to bring it to market. But as the world scrambles for new green policies and environmentally-friendly corporate practice, one would think fusion energy might at least be hailed as a promising technology. Right now, instead, any mention of it is met with blank faces. The same cannot be said for the hype surrounding electric cars, or solar panels, or household recycling schemes.

Andrés Lozano

Hype is not simply a distraction. It can have another, subtler, more devastating effect: it dilutes awe. Exhibit A for this problem can be found in the field of astrobiology. That might sound surprising, as astrobiology is the discipline studying, in NASA’s words, the “origins, evolution, distribution and future of life in the universe”. Pretty wow, right? Yet one single word has proven able to make anything coming out of the field seem far-away or far-fetched. That word is “aliens”.

Public coverage of life-finding missions to Mars focus on the searching for alien life over more consequential questions such as whether previous missions to the planet have corrupted future experiments by inadvertently transporting biological material from Earth, or what kind of terrestrial life could travel on the outside of a spaceship all the way to Mars, or what constitutes “life” in the first place.

Most of the stories surrounding SETI (Search For Extraterrestrial Intelligence) and METI (Messaging Extraterrestrial Intelligence) focus on the quirky individuals who have these “crazy ideas” about listening for and speaking to aliens to see if we’re not alone. They don’t let the public in on the fascinating process of trying to work out exactly what counts as an intelligent alien message in the radio signals received, or let the public ponder what kind of messages we should be sending out to other lifeforms, or give them permission to delve into the question that is actually at the root of what these scientists are working on every day: who are we?

Acting this way has a cost. It’s not just about allowing people to feel awe: it’s about empowering those who are not professional scientists or technologists to be able to participate, instead of being spoon-fed a whizz-bang watered-down version of science as cheap entertainment. Hype doesn’t just obscure the reality of what’s going on in science and technology – it makes it less interesting. It’s time we start to look past it and delight in what lies beyond.

Feature Image Credit: Andrés Lozano

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Gemma Milne is a science and technology journalist, and the author of Smoke & Mirrors: How Hype Obscures the Future and How to See Past It

Sourced from WIRED

 

-Can you give a brief bio to start with. For example, where you come from, your family background and your work history?

My parents both came from a council house background and I think because of their upbringing, I developed a very strong work ethic. We lived in the countryside and I remember coming home from picking onions late one evening at around age eight or nine, feeling so proud because I had a palm full of silver coins that the farmer had given me for my efforts. I also remember getting a clipped ear for being late home! From that point on, I always had jobs and wanted to earn some money. My work ethic, which is vital if you want to achieve anything in life, came from that background because if you wanted anything, you had to go and earn it.

That work ethic has stayed with me throughout my career, along with the drive I have to do a great job and be the best I can. Hard work, and the determination to behave with the right level of empathy, morals and ethics, and to treat people in the right way, is crucial.

I started working in radio when I was at University in Bristol. I heard an ad on the radio for a part-time job as a person on the street team. I was basically employed as a promotional person handing out cans of V8. From there I made some contacts and eventually managed to get a job as a salesperson. This was back in the day when radio in the UK was a two percent medium, so nobody really cared about it, and it was a tough way to start. But it gave me a great foundation in dealing with different people, in showing people respect, and understanding the value of what I was selling; after all, people are only going to buy something if it works for them.

I worked hard, and I was very eager to learn and improve, and at the age of 27, I was made Sales Director at a regional station in the UK. Then, in my early 30s, I worked as MD for a National station. That was where I really started to see the impact radio stations had on their audiences, I could really see it and feel it.

From there, I went to London to run the National sales team for Bauer and following that I had the opportunity to buy into a business – Orion media – where I eventually became Chief Executive. We owned a number of radio stations and were private equity backed. I ran that business for six years and successfully sold it in 2016.

Then I had a look around and thought about what I wanted to do next. The opportunity came up to talk to Communicorp and I loved the appeal of it because it felt like it had a real entrepreneurial spirit. It felt like it had a private equity ambition around its growth and its willingness to take advantage of opportunities that presented themselves. Over the last four years we’ve done a huge amount of work to make that business laser-focused on delivering audience and revenue growth, back to the core of what the business should be focused on.

-What can happen in your typical day at Communicorp?

Well, I’ll give you my typical pre-Covid day. When I wake up, I flick around the radio stations – I like to listen to all the breakfast shows. Generally, I would get into the office early. I’d normally have an executive meeting with my senior team, or I might meet with my commercial guys on revenue.

I try to keep myself and the team focused on what our strategic aims are, and then try to align my efforts with that. And, you know, the key levers to drive our business are pretty straightforward; they are audience, revenue and people. The people development – and the development of our culture – is really important because it drives the behaviours we want to affect audience and revenue growth. So, we’ve done a lot of work around supporting, coaching, developing, recruiting and retaining our people to make sure that we’ve got the best people in every part of the business to drive it forward.

-How does the Irish radio market differ to other markets across the world?

I think radio in Ireland is probably in a more vibrant, more exciting place than anywhere else in Europe. The way audiences listen to and engage with radio is like nothing else. Audiences here are far more engaged; they don’t just have the radio on, they actively listen to it. That is really powerful, and in the light of the whole digital phenomenon, it’s not stopping.

-Why do you think that is? Is it an Irish thing, because we like to talk a lot?

That’s definitely a part of it. There’s definitely an appetite for speech radio in this market because of the culture – Irish people like to talk and air their views. That’s really powerful and a strong reason for it.

But I also think radio remains a very strong source of content, information, and news – and it’s a trusted source. Our digital audience spike during the Covid pandemic reflected that. We saw a 40% increase in our digital audience numbers because people were turning on Newstalk or Today FM to hear what was actually happening. I think the pandemic reminded people about the value of radio and the position it has for consumers within the media repertoire.

-In terms of the radio industry, where do you see that going into the future? What is the most exciting thing on the horizon for the radio industry, in your opinion?

I think radio has a really bright future. It’s also expanding by the day, and its evolving into a wider audio market.

At Communicorp, we’re creating more and more digital audio content which we’re distributing via GoLoud – our aggregator platform where you can access all of the radio stations and all of our brand extensions, music streams and podcasts under one roof.

It’s very much a hub for all of our content because our strategy is to make sure Irish people spend more time with us, and in order to do that we need to embrace the changes in technology and the changes in consumers’ lives.

Over the last few years, we’ve seen far greater convergence of the consumption of audio content to mobile and digital devices. The moves we have made reflect that trend, and our creation of the GoLoud brand, sums up our ambition is to provide 100% of our consumers’ audio portfolio, so that they can listen to sport, music, news and current affairs within one single environment.

-Is Digital Media impacting on Radio? How can it work in tandem with Radio

I don’t see a replacement for radio in the digital environment because radio is live, it’s up-to-date and because of the heritage and connection that listeners have with “their” station and “their” presenters. It’s also down to the way radio is consumed. That relationship, that trust, that friendship – it doesn’t just happen overnight, it’s built up over a number of years. We do so much work to protect that relationship, to ensure that people keep tuning in, keep coming back tomorrow, the day after and the day after that.

Consumers define themselves as a Newstalk listener, or a Today FM listener. I think this trait is fairly unique to radio, and will not be easily replicated by digital competitors.

-Do you see any problem with the youth market in terms of streaming, Spotify etc…..

I think that threat has existed for years but when we were kids, we wouldn’t have said it was spotify; we would have said it was LPs, CDs, cassettes, or the Walkman. Streaming has replaced our “owned music”, so we don’t go and buy CDs anymore, we have a Spotify account instead. But I think that radio’s place, and the role it plays in our lives is very different from what your “playlist” gives you.

There’s no doubt that the pressure on young people’s time is far greater, because they’ll also consume dozens of other social and digital platforms and brands. But I think that’s where broadening our own portfolio is really important. Launching Spin Xtra, for instance, or recording a podcast that appeals to a youth audience, are great ways for us to expand our repertoire and invite young people into our portfolio, to eventually expose them to radio and to help them to access it in a slightly different way. So, if they’re coming in via a podcast, they might think, “well actually Spin Xtra is a great station, perhaps I’ll listen to that.”

-How well does the BAI serve the Irish Industry? What could they do to better assist the Irish radio business?

The BAI are restricted as to what they can do because of the legislation. In fact, I would go so far as to say it’s the legislation that needs to be reviewed to reflect the ways we now live and work and communicate in a digital age.

I think a lot of the regulation was set a long time before the digital era really took off. We need to see a modernised approach to regulation that gives us more flexibility to deliver content that our audiences want. We have to be bound by that and held accountable to that within the regulatory framework, but there needs to be change if the industry is to survive and it needs to happen quickly.

-What is your view on how media is sold in Ireland? Is that changing?

It’s sold in a similar way that it is across Europe. I think there us a role for media agencies although that is changing. The challenge for media agencies and advertisers going forward is to figure out the remuneration model between the agency and the client.

There has been a shift towards some in-housing over the last year or two, but I think lots of brands still rely on their media agency. Obviously, we work very closely with all of the agencies across Ireland and have great relationships with them, but I suspect that model will evolve over the coming years.

-How do you see podcasting as a platform evolving? Are you happy with Communicorp’s experience to date?

Yes, as I said earlier, we host content on our GoLoud app. Podcasting is great, but it’s relatively early days. I think many consumers find podcasts through recommendations, and they don’t always know where to find that content. But every day, more and more people reference the fact that they have been listening to a podcast.

It’s going to become a bigger part of our platform and content strategy. That’s an exciting opportunity for us because it means we’re not just playing in the radio space, we’re expanding into the audio space. It gives us an opportunity to leverage a lot of our talent, to be more creative, and to be more niche in some areas because we can create content for very specific audiences. It also gives us another opportunity to make more Irish people listen to us, so it’s a new platform and we should take full advantage of it.

-Most radio stations will need advertising to survive. What do you think is a way to ensure continued advertising support on Irish radio stations?

We need to demonstrate effectiveness. I think whether you’re a local car dealer or a Top 100 company, every business wants to know that their advertising is delivering a return on their investment. It’s as simple as that.

I believe that radio does that. I believe we have creative ways to deliver great solutions for advertisers that help them penetrate the relationships we have with our audiences in meaningful and engaging ways. Part of our success over the past few years is based around our ability to work with brands to enable them to get closer to that listener relationship.

-Do you see any obvious threats to the commercial success of radio, or any opportunities on the horizon that we’re not grasping yet?

I think the exciting opportunity we’re taking advantage of is the digital audio boom and the way that audiences are now listening. The platforms that people are listening on and the technology are changing – smart speakers or mobile listening, for instance. That’s a really exciting opportunity for us.

-What became of DAB radio?

DAB has not taken off in this country and my feeling is that other technology has now superseded it. If a consumer is spending €100 at your local electrical shop, why would you buy a digital radio when you can buy a smart speaker that gives you far more?

-Do you see room for co-operation between different platforms? For example, Newstalk and Virgin TV have a good relationship. Do you see similar opportunities arising?

I would always be open to informal partnerships if there’s a benefit from an audience or commercial point of view. We should all be very open to that. We know that our audiences watch TV, look at billboards and read newspapers, so if there’s any benefit to be gained, we should be open to maximising it.

-You pointed out earlier that radio appears to have performed well during the pandemic. Do you think it can retain the listenership gained?

Yes, as I said earlier, we’ve seen a spike in listenership, and we have retained that over recent months. I expect that to change a bit as people go back to their normal daily habits because if people are going back to work, they might have their listening time reduced. But I also expect it will have re-ignited a lot of lapsed listeners interest in radio again. I think radio will come out of the pandemic much stronger.

-Do you get much work/life balance? Like, is there time for a doughnut during the day…?

I have a great work/life balance but I’m not going to tell you what the percentage it is! I have a wife and three kids, aged 22, 20 and 16, and a small dog, so I tend to spend all of my spare time with them.

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  • With over 2.5 Bn monthly active users, Facebook still is a giant on the social media scene
  • Facebook enjoys over 2.26 Bn active mobile users, accounts for 45% of monthly social media visits
  • Instagram has over 500 thousand active influencers ranging from technology, food, humour, fashion, lifestyle and many more industries

Facebook and Instagram have become inevitable tools for the modern marketer. These platforms have especially gained immense importance for start-ups and small businesses. As most companies can’t be everywhere at once, especially the cash-strapped start-ups, that’s why it’s crucial for businesses to be strategic in gauging which social media platforms will be beneficial for them to build a presence on.

With over 2.5 Bn monthly active users, Facebook still is a giant on the social media scene. It has redefined the way social networks are perceived and has effectively widened the possibilities that social media has for businesses. Facebook enjoys over 2.26 Bn active mobile users, accounts for 45% of monthly social media visits, and is available in over 100 languages. On average, a user spends 38 minutes on Facebook.

Instagram is a relatively new arrival on the block. In a short span of time, Instagram has achieved impressive statistics. It has scaled a base of whopping 1 billion monthly active users and 500 million daily active users, positioning itself as one of the fastest growing social media channels globally. It has over 100 million photos uploaded daily with an average user spending 28 minutes per day.

But that’s not all. Instagram has emerged as the 6th most popular social network in the world and is home to over 500 thousand active influencers ranging from technology, food, humour, fashion, lifestyle and many more industries.

The Covid-19 pandemic has brought major changes in consumer behaviour with online shopping and purchases gaining ground. In the grand scheme of things, these two social networking sites will particularly prove to be powerful as they will present more opportunities for brands to engage with their consumers. However, its not just big brands who stand to gain from this development. Even start-ups can leverage the power of these social media sites to increase their visibility and connect with their target audience.

Here’s a roundup of the reasons why Facebook and Instagram have become popular advertising platforms for new and upcoming start-ups.

Facebook 

On Facebook, content appears in the users’ feed based on algorithms. Hence, multiple strategies such as paid ads can be used to effectively get more views on a brand’s posts. Facebook has the most diverse audience and thus, it is counted as one of the best social media platforms for small businesses to reach their target market – whoever that audience might be.

Along with providing the ability to connect with a large number of people from diverse walks of life, there are some unique features that Facebook offers to a start-up. Its targeted digital advertising platform is amongst the best tools for marketing. Facebook ads are apt for niche targeting as well as broad targeting. These ads help identify those people who are most likely willing and ready to buy the company’s products or services. This feature ensures that a start-up can get their ad content in front of the right audience at the right moment of time.

Another reason that makes Facebook an attractive option for start-ups is its e-commerce integrations. Users can purchase through the social media platform itself. Making a purchase is just about clicking one button. Now Facebook has even allowed brands to communicate with their customers through Facebook messenger. Through this feature, start-ups can easily provide shipping updates and other order related details via the Facebook channel as well.

Instagram 

Instagram’s one-of-a-kind interface has some powerful benefits for a start-up business. One of the most striking features is that it enables companies to tell their brand’s story with unique, versatile and engaging visual content. Unlike other social media networking sites, Instagram works through visuals and is focused on both images and videos. No matter which industry, Instagram caters to every niche area and can be utilised to showcase all kinds of products. Even its targeted sponsored ads are immensely helpful in increasing a brand’s visibility.

The Instagram stories make marketing even more catchy and take the advertising game a notch higher. With Instagram stories, start-ups can live-stream videos and share them with their followers. These stories are the best way to provide behind-the-scenes footage and share important news and updates with the followers. Even Instagram allows companies to message their users directly, which can be a great tool for customer service.

A commonality among both the social media platforms is their analytics, which provides insights into how the campaigns and ads are performing so that if required, improvements can be made in the future for better results. The ads, ranging from video ads and single image ads to carousel ads and lead forms (only on Facebook), help brands generate loyal following among different audiences.

Summing It Up

Facebook and Instagram have both equally garnered immense popularity since the time of their inception. And both are equally beneficial for business. It’s up to the companies to decide which platform will prove to be the best for them looking at their target audience and the kind of content that they are looking to publish to build their social media presence.

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Sourced from Inc42

By Karen Gilchrist.

Before building Salesforce into the multibillion-dollar cloud computing behemoth it is today, founder and CEO Marc Benioff experienced his share of ups and downs.

One of the most challenging among them came early on, when the company was just a couple of years old, he said during a recent interview for LinkedIn’s “Hello Monday” podcast.

But it also turned out to be one of his most formative, and can provide lessons for business leaders today, he said.

Weathering a crisis

At the time, it was the early 2000s. The economy was in recession and Salesforce, not yet then profitable, was “not stable,” the 56-year-old recalled.

Short of a chief financial officer and with little money available, Benioff and his co-founder, Parker Harris, were faced with a difficult decision: Let go of 20% of their workforce or risk losing the company.

Then with a team of 100, that meant saying goodbye to 20 people.

That’s business. You have to make tough decisions, you have to evolve, you have to change.
Marc Benioff
CEO and chairman, Salesforce

That was a “hard moment,” Benioff recalled. But with his long-term vision for the company in mind, Benioff said he was left with little choice.

“We had to take this aggressive action, Parker was in tears, it was like, really upsetting, but we had to do it,” he said. “That’s business. You have to make tough decisions, you have to evolve, you have to change.”

Ultimately, that move saved the business, he said. Three months later, Salesforce was profitable, according to Benioff. And by 2002-2003, things were looking “pretty good.”

In 2004, with around $100 million in revenue, the company went public, five years after its founding.

A lesson in leadership

Earlier this year, Salesforce’s revenue hit more than $17 billion, while Benioff’s net worth grew to an estimated $7.8 billion.

But the entrepreneur said that early experience has stayed with him and continues to guide his decisions today.

“There are moments for every company where you’re going to have to look at where you are, what’s working, what’s not working, you’re going to have to make adjustments, you’re going to have to change.”

That means adopting one of two mindsets, he said: A fixed mindset or a growth mindset.

You can have an expert’s mind, where you have few possibilities, or you can have a beginner’s mind, where you always have every possibility.
Marc Benioff
CEO and chairman, Salesforce

“Another way to say it is you can have an expert’s mind, where you have few possibilities, or you can have a beginner’s mind, where you always have every possibility,” he said.

“It’s critical for every entrepreneur, for every CEO, every business leader — really everyone — [to] maintain your beginner’s mind.”

To help with that, Benioff said he takes time to focus on mindfulness, which he does via meditation.

“I’m trying to let go of whatever it is so I can be in my present moment reality. That’s where I want to be, I want to be in the present moment and having a beginner’s mind,” he said.

Feature Image Credit: Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce. Kim Kulish | Corbis News | Getty Images

By Karen Gilchrist

Sourced from CNBC make it