Market Mine

FirstRain and The World of Digital Business Intelligence

TOUCH ME: FirstRain is bringing touch-powered Customer Intelligence to the enterprise!

As we saw last year, there’s been a massive wave of Fortune 500 companies adopting touch-based tablets and devices. One result of that has been the proliferation of a whole range of B2B iPad and smartphone apps from companies like us and salesforce.com to enable those mobile, touch-powered professionals with the intelligence and data they need to understand and engage their customers, as well as open up new opportunities.

However, there’s a second big enterprise trend that’s picking up momentum as well: that of large companies who are developing internal enterprise apps for touch-based tablets and devices, for use by their own enterprise sales and marketing teams.

And because it’s a need that more and more of our customers are requesting every day, we’re very excited to announce this morning the launch of FirstRain for Touch, a new, powerful and yet easy way to drop highly relevant customer intelligence for your sales and marketing teams into your enterprise iPad app—and the first enterprise customer intelligence solution built for the Salesforce Touch Platform.

Last fall, at their annual Dreamforce ‘12 conference, along with their high profile launch of Salesforce Touch, salesforce.com also announced the launch of the similarly named (but very different) “Salesforce Touch Platform.” And unlike Salesforce Touch—which is a downloadable app for iPad, iPhone and Android created for their users to easily access salesforce.com data and capabilities on their devices—the Salesforce Touch Platform is a Software Developer’s Kit that developers within a large enterprise can use to create their own, internal touch-device apps for their sales and marketing teams.

Our new FirstRain for Touch solution is an elegant and personalized set of components that have been optimized for use on touch-based devices, and can be easily dropped into enterprise apps created by companies, just like those developed using the Salesforce Touch Platform SDK. And the demand has been notable. For example, we have at least 3 large, current customers (all in the Fortune 500) who are each planning or have already created and deployed their own iPad apps for use by their own enterprise sales and marketing teams.

But perhaps one of the nicest aspects of this launch has been the opportunity to work with the great folks at salesforce.com. We have lots of clients in common and solutions that have always been highly symbiotic, and so this area is just one more place where we find common opportunity to help each other succeed. Our thanks to Clarence So, their Executive Vice President of Mobile Strategy, for his kind comments about our release: “It is exciting to see the rapid innovation that partners such as FirstRain are delivering on our trusted mobile platform, FirstRain for Touch will provide customers with the right intelligence to help them connect with their customers in entirely new ways and accelerate business success.

If you’re interested in more information about FirstRain for Touch, let us know!

You Got Tips. Now Float Like a Butterfly …

I began a customer introduction the other day stating that I was a “recovering salesperson.” I have been in sales in one way or another for a long time and will always use the sales skills I have learned selling into the enterprise, regardless of what job role I am in. When working in a start-up like FirstRain everyone has to be a salesperson, so even as I lead Business Development, I am selling!

If you look (or if you have ever been subscribed to one of the hundreds of daily ‘sales’ newsletter), every day you can find a list of things to do to improve your sales game. Today I found this one on the Salesforce.com corporate blog: ‘10 Tips to Up Your Sales Game‘ written by Salesforce.com’s VP of Sales, Scott Keane. It got my attention because it is a list (remember the #1 top thing to do to drive blog traffic? People love lists, and just about any kind of list is bound to attract traffic. Top 10 lists, 5 things not to do, 3 reasons I love something, etc. Start with a number then take it from there).

These 10 tips are probably not new if you have been in sales for a while, but are still well worth a read for the refresher. If you follow through with these tips, they can certainly help you get more appointments, create more pipeline and close more deals.

Here at FirstRain we’ve observed that top performing sales and marketing teams deeply understand their customers’ business and their markets. For example, as we start a new client engagement that is focused on Sales we spend time up front learning about how that company sells, who they sell to and what customer intelligence will help them connect with their customer end-markets and achieve their revenue goals.

Our aim is to deliver intelligence tuned to their specific strategy, and our major account sales customers (as well as our own reps!) find that FirstRain helps them much more effectively achieve many Scott Keane’s best practices, such as …

4: Have a conversation - Who wants to sit and listen to someone talk about how great they are? The answer is “no one”, in case you’re wondering. With that in mind, don’t sell or “pitch” your product. Make conversations about the person you’re speaking with, and learn about them first, then about their company or issues.

6: Be prepared - Know who you are calling & why. You need to own the conversation and if you don’t have a reason for calling and can’t articulate the connection, any objection they give will throw you off your game

7: Be the expert - Know the industry terminology, trends, and key pain points. You want them to look to you for recommendations so make sure you can give those.

8: Do your research - Leverage internal and external resources to understand the company vision and priorities. This sets you apart from the other sales reps and allows you to build a relationship faster. They’ll look at you as a consultant and friend rather than a sales person.

9: Float like a butterfly – Be flexible like a boxer and adjust messaging based on the audience. Speak to what they care about most. For example, CEOs care about achieving growth objectives, outpacing competitors. CMOs on the other hand are concerned with pipeline generation, how to leverage social media, keeping costs as low as possible.

If you are interested in learning more about how FirstRain can deliver customer intelligence specifically tuned to your sales strategy drop me a line dbarbosa@firstrain.com

Image|Flickr|by johncpiercy

FirstRain’s FirstTweets Weren’t Built for Me (But I Benefit)

Note: This post was originally posted on my personal blog “Chitchating about Information Delivery” on April 18th, 2012.

This week’s FirstRain’s announcement of FirstTweets a solution for B2B users delivering “business-quality Twitter intelligence on thousands of global companies, industries and topics relevant to the specific business lines of your customers, industry and competitors”- was an exciting one for our team and our customers.

I have been on a couple of client calls where we previewed this new content stream and across the board the enthusiasm and spark of ideas around FirstTweets from them has been very inspiring. These are companies of all sizes across various industries- some that have been extremely active supporters of using Social Media as part of their strategies (e.g. Customer Care centers, tech support, brand monitoring etc) and others that are just starting out.

For example, some of these companies have tried to use their existing social media monitoring and measuring tools to ‘push’ relevant business content to their sales team, but none have been able to crack the code using their existing systems that are great for monitoring their own brands and customers using keywords- but can not deliver precise business focused content on thousands of companies and industries that their salesforce covers or their market intelligence teams needs to keep track of competitors and new business trends. Some have tried other ‘sales intelligence’ solutions that push social media buzz into their CRM systems- all based on keywords with low hit business relevancy results- turning off most users.

Now i have been an active user of Twitter for a bit over 5 years, just when the little twitter bird began chirping. i use Twitter outbound and to listen quite a bit. I would estimate that i have spent hundreds of hours, curating content, selecting people to follow (and unfollow!) , creating lists, monitoring client issues, company employees and general news. i am one of those 9% of digital news consumers that sees the news Break on Twitter.

I use Twitter effectively and teach others how to at any chance i get- but hundreds of hours of my time has been invested, and will continue to be since Twitter is not a set it and leave it information flow.

Is that the level of time investment that most companies want for their employees that are not responsible for monitoring and measuring social media??? Do companies want staff especially Sales who can benefit greatly from business intelligence found in Twitter- spending the same amount of time i have over the years??

I would venture to say no.

Now, i think that EVERY employee should consider using Twitter to engage with their peers in their industry, their customers and of course their friends and family- but i don’t think the processes that i have developed over the years is sustainable for most sales and marketing people- especially as your markets become more competitive and the budget dollars to spend on the solutions you sell decrease.

And that is where i see the biggest promise for FirstTweets- delivering intelligence to better understand your customers’ end-markets, strengthen relationships and improve overall sales strategy.

The customers i have talked to agree.

Note: Today April 18th is the official launch to existing FirstRain customers, i have been using FirstTweets in our Sandbox environment for about two weeks- and have found many gems that i would never have found using the various tools i use in my Twitter day to day use- so it wasn’t built for “me”- but i sure will benefit from it!

Announcing a Breakthrough in B2B Twitter: FirstTweets™!

We’ve had an amazing year here at FirstRain. Over the course of just the last year, we’ve launched an intuitive new Web app interfaceelegant iPad and mobile apps, and then our powerful new Enterprise Customer Intelligence System for end-to-end, company-wide intelligence integration.

And now today is another big day at FirstRain—but it’s also a big day for the social enterprise platforms like Chatter, Yammer and Jive because now, for the very first time, Twitter is useful for B2B professionals.

For some time now, media and brand monitoring solutions like Radian6 have been tapping into Twitter so that companies can see what their customers are saying. If United Airlines loses your luggage and you gripe about it on Twitter, United can see that. But solutions that provide consumer tweet monitoring are hopeless if you are a B2B professional trying to find useful and breaking industry news in Twitter about specific companies, products or business lines.

We’ve now solved that problem, and are announcing FirstTweets today. This is the world’s first solution for extracting business-relevant Twitter Intelligence. FirstTweets™ is a part of our FirstRain Enterprise Customer Intelligence System. It is a technology breakthrough that solves the Twitter problem for business executives: how to get business value and intelligence out of the 250 million tweets that Twitter produces daily.

Our analysis shows that more than 99.9% of all Twitter is non-relevant to business professionals, making it effectively impossible to get to the still more than 200,000 tweets per day of daily business intelligence buried inside.

Now, by using FirstRain’s patented semantic analytics, our system provides the ability to easily and effectively access the business intelligence hidden within the Twitter stream. FirstTweets™ collects and organizes real time industry and customer-specific information to uncover revenue opportunities, including customer developments, industry trends, news, market analysis, emerging themes and so much more.

This intelligence is then be easily integrated into different workflows, including iPads and other mobile devicesCRM systems,social enterprise platforms like Chatter, Jive, Yammer and SharePoint, or any workflow that works best for sales and marketing teams.

FirstTweets™ will be available to all users this Wednesday and will be included for FirstRain subscribers. It’s another exciting innovation by FirstRain, and I look forward to hearing what you think.

FirstTweets in Chatter FirstTweets from FirstRain

The Business Case for Enterprise Social Networks

Social networking is the topic du jour. Facebook is going public at a gazillion dollar valuation; Jive market cap jumped 30% in the past few weeks because their charismatic CEO, Tony Zingale, got Barrons to say they are Facebook for the enterprise.

And no question, companies are deploying enterprise collaboration platforms fast, trying to keep up with the need for information sharing. One customer – a CIO – told me “we don’t know why but we’re going to do it anyway!”.

Given all this frenzy I was pleased to see a sensible report published last week on the business case for ESN – Enterprise Social Networks – written by Charlene Li and published by Altimeter. It’s full of advice on how to think about your deployment and your ROI.

We see a smorgasbord of options at our customers – some have SFDC (Salesforce CRM and sometimes Chatter), some have SFDC and Jive, some have Microsoft and Yammer, some have 3 or 4 around the globe – you name it, we see the mix. Some departments like one, some like the other, sometimes global likes one and the US likes another. It’s definitely a challenge. We have the advantage that because of our architecture we can easily integrate our customer intelligence into all, but I feel for the IT teams trying to administer so many choices.

This chart is the answer to “what is your primary enterprise networking solution?” across 77 companies who could only answer one.

Source: Altimeter report Making the Case for Enterprise Social Networks Feb 2012

But as the Altimeter report explains – workflow is the key issue. ESNs do encourage sharing – critical when you have a global sales team working on a global customer. They do capture knowledge, especially tribal knowledge about how the customer’s requirements are developing and how the market is impacting them. We get feedback all the time that our customer intelligence, integrated into Chatter and Jive, helps the sales team be smarter about what’s happening in their customer’s market.

The 3rd value an ESN brings is helping your sales team take action because they can find solutions faster by collaborating, then of course in the end an ESN is empowering when it is working well because your sales team has a voice (although what sales team doesn’t!).

Enterprise collaboration is on a roll right now. It’s good to see analysts helping IT teams cut through the chatter (pun intended) and evaluate the business value of their choices.

Why News Aggregators and Google Alerts Just Don’t Cut it for Enterprise Customer Intelligence

There is a world of difference between news aggregators like Google News, Moreover and Meltwater and a true customer intelligence system like FirstRain. All have the ability to deliver some news from the Web but the similarity ends there. Keyword-based news is OK if you want a simple cut of everything, but they are absolutely insufficient if you want your enterprise sales team to drive revenue by deeply understanding their customer’s business.

An enterprise customer intelligence system like FirstRain:

1. Uses semantic analysis to categorize all content (Web, social media, etc.) to a high degree of specificity—well beyond the specificity possible with keywords. For example: Using analytics, FirstRain can track and filter on topics as specific as “Diabetic Nephropathy”, “Enterprise Telecom Services Market” and “Solar Energy Farms Capacity Expansion”, which means the sales team will receive customer intelligence with a much higher degree of relevance than any other solution.

2. Searches the global Web, identifying and extracting only business-focused content (including news, press releases, company Web sites, government filings, industry sources, blogs and much more), while filtering out the consumer, entertainment and other noisy content routinely delivered by Google Alerts and news aggregators. This filtering has many layers to it—at the source, content and model levels—to ensure that only high quality business content makes it through to the end user.

3. Prioritizes all content using multi-factoral algorithms that push the most significant intelligence to the top (based on the user’s own workflow at the time), then de-duplicating it so you only see each important development once, all greatly improving the relevancy of the intelligence each user sees. This saves time and money for enterprise sales and customer marketing teams, eliminating the hours spent combing through search results (and often still missing key developments), and reducing it to seconds reviewing only the most important developments impacting their customers and their customers’ business

4. Delivers this highly personalized content wherever and however the team needs it: on their iPad, iPhone, Android device, directly into the social enterprise portal or CRM, or simply via a daily email intelligence brief. FirstRain’s apps allow the sales and marketing team to collaborate using this powerful customer intelligence database quickly and easily from any device, at any time, all integrated into their own daily workflow.

The patented technology that goes into the creation of this enterprise customer intelligence system is the result of years of algorithm development, customer collaboration and fine tuning—and it’s why most vendors of basic Web content can’t match it. But it’s these differentiators that are helping FirstRain deliver our users the kind of customer intelligence that actually grows and renews revenue in their businesses.

Apple, iPad and Accelerating Growth in the Enterprise

The most exciting development in the Enterprise today is not, as Salesforce and Jive would have you believe, “social networking for business” but the not-so-stealthy explosion of the iPad as a productivity tool.

We see dramatic deployments every day, especially into the enterprise sales and customer marketing teams which are the teams we work with most often. Eric Lal of ZDNet keeps a site updated with iPad pilots — often documenting large company decisions we have already seen on the ground — thousands at a time!

Even big blue IBM may now have one of the largest Apple and iPad deployments in the world. As an Apple fan it’s terrific to see the corporate world finally seeing the light. Even my own R&D team (for a long time PC-based nerds) are adopting a mix of Apple in with their PCs, iPads (of course for development) and iPhones in with Android phones (which after all you can hack and play with so much more easily than an iPhone).

I also agree with Peter O’Neill at Forrester that many market researchers are falling behind in their methodology and not including broad enough sources of corporate deployment. They have a PC bias and may be missing the rapid growth of BYOD (bring-your-own-device) policies at companies large and small. BYOD is not only popular but in the end it’s cheaper. Cisco pioneered this policy 5 years ago, showing that it was, in the end, cheaper for IT to support. And while IT departments still worry about data security, I was convinced this was solved the day my Symantec customer told me in 2011 that he could now work officially work on the iPad (Symantec is the most paranoid company on security – appropriately so given that it’s their business).

There are two major waves happening for enterprise sales teams right now: social collaboration (yes I don’t think Salesforce and Jive are wrong) and the iPad. And the FirstRain customer intelligence system is right at the intersection of the two – with our sizzling hot iPad app and integration into the top collaboration portals. We have customers deploying in all of them: Jive, Salesforce, Microsoft and Quad (Cisco) and in every case enterprise sales reps also have iPads (either their own or company issue) so they can stay on top of their major customers wherever they are.


And I hope I never have to use a PC again… although this is a false hope since my husband is the lone hold out in our family because he is an electronics designer and needs the high end tools which will probably never be on Apple (sigh).

Image from AllThingsDigital

Another Big Step Forward for Both FirstRain and our Customers

One of the most rewarding aspects of being a CEO is when you can see the hard work put in by you and your team really paying off.

For the last several weeks, everyone here at FirstRain has been putting in long hours in order to launch the next phase of FirstRain intelligence solutions to market, and so now I am extremely delighted to announce the release of the third generation of the FirstRain Web Application and our new FirstRain mobile apps for iPhone and Android (now available in the iTunes App Store and the Android Marketplace) today.

This important new release represents the third major step forward in FirstRain solution development, and provides our customers a truly unique and effective, role-based way of monitoring the critical developments impacting their business, industry, customers or competitors. In addition to these workflow enhancements and the new mobile apps, we’ve also now optimized FirstRain for use on tablet devices, all of which means that critical business intelligence can now be delivered to any place or time our customers most need to see it: whether it’s over their morning coffee, at their desk, on their company portal or out on the road.

The product also has also had a bit of a make-over, with a fresh-new look and a streamlined design which our non-professional-searcher customers will find even easier to navigate—making it simple to get in, find what you need, and get on with your work.

All in all, we think it’s a big step forward in an already great product, and seeing this really sharp new iteration of FirstRain come to life has been extremely gratifying for me and everyone involved. And for all of you who are FirstRain customers, try out the new role-based monitor setup, download the new mobile apps, and please, let us know what you think!

Libraries Love FirstRain Too!

One challenge of being an information solution that’s been designed from the ground-up to be easily used by business professionals who are not professional researchers, is the mistaken assumption that corporate libraries wouldn’t be interested in FirstRain.

So it’s always gratifying, then, when yet another customer comes along that helps us dispel this myth. We’re very happy to announce today that leading international commercial law firm, Bird & Bird, has selected FirstRain. And once again, it’s Bird & Bird’s Library and Information Services team that selected FirstRain as the solution to provide business monitoring to their organization, and assist with the dissemination of that intelligence across the firm.

Bird & Bird has integrated FirstRain into both their ad hoc research process, and is used to provide ongoing updates to their firm’s fee earners. FirstRain was selected, as Cecilia Cheung, Head of Library at Bird & Bird noted “In order to to give Bird & Bird Fee Earners competitive advantage …”.

We know that many info pros love FirstRain because of our unique and patented Business Web Graph(TM). Better than a conventional, linear taxonomy, FirstRain’s Business Web Graph takes traditionally hierarchical concepts such as sectors, industries and companies, and then creates live interconnections between them using our unique Business Lines and Dynamic Topics.  The result is a dynamic graph of linked Business Web concepts we apply to all of our content–and continuously update based on the living Web. It’s the industry’s best collection of business topics, and is one of the many reasons FirstRain is the market leader in filtering out the noise of the consumer Web and delivering your users only highly relevant Business Web content.

We’re very excited to be working with the Library at Bird & Bird, and can’t wait for the next myth-busting customer to come along!

By the way, for those of you who will be at next week’s Special Libraries Association 2011 Conference in Philadelphia, stop by and see us at Booth 540! We’ll be giving away an iPad every day, hosting Beer & Cheesesteak cocktail parties, and our own Nima Niakan will be leading a session on developing effective Sales & Marketing triggers. Hope to see you there!

FirstRain at the Symantec Vision 2011 Conference

Last week was a busy week – we held our Q2 sales kickoff at our San Mateo offices – but the day before we were invited to participate on a panel at the Symantec Vision 2011 Conference held at Caesar’s Palace in Las Vegas.

The panel was titled “Competitive Testing Reports Got You Confused?” and it was set up to discuss the technologies and approaches that are best practices to gather competitive intelligence about products. Our panelist was Thomas Lai from our San Mateo office who has been working closely with Symantec on the deployment of FirstRain within SymBrain to provide competitive intelligence to the sales and distribution teams.

The panel tackled a range of best practices to evaluate and report on competing products. Consultants or analysts go through deep exercises to understand competing products – but any technique can be biased so the panel tackled how to be comprehensive enough to get a complete, unbiased picture.

One area that was a surprise to us is how vendors interact with the analysis on their products. For example, an analyst might review a product from McAfee using both engineering and qualitative techniques. They then send the report to McAfee to review, for a sanity check, to potentially correct – and yet many times the vendor (in this case McAfee) does not respond. What does this imply – that the results are reasonable? or not? You can imagine a healthy debate on a panel about the techniques to get to the report and then what the lack of response really means. (No disrespect to McAfee but in this context they are a primary competitor to Symantec).

The thread of the panel, in the end, was what types of techniques can be utilized so that test results and market results — when looked at together — make sense.

Our application is used to build competitive intelligence for the broad sales team (you can see a Symantec exec talk about this here), but also in this type of competitive analysis at the product level and Thomas was speaking about the best practices we see in our customers in this context.

The conference was a lot of fun for Thomas (and I gather not all of the fun was in the panel session – it was Vegas after all!)