MMasters in Business
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Anindya Ghose22 June 2017

Anindya Ghose Sees Life Getting Even Faster With Tech

3Frameworks
11Insights

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Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Myth Buster· 2

Myth Buster29:39

Mobile's Sales Impact Is Much Bigger Than Mobile Checkout

A small share of purchases completed on phones does not mean mobile marketing is ineffective. Consumers frequently discover a product on mobile and complete the transaction later on a desktop, so last-click sales figures understate mobile influence.

  • Desktops remain useful for productivity and purchase completion.
  • Mobile devices often initiate product discovery.
  • A device may generate only a small share of direct sales while influencing many more.
  • Cross-device measurement is necessary to value mobile accurately.

“It may lead to four or five percent of your sales, but it has had an influence up to your all of your sales”

Anindya Ghose · 30:31

“people first got exposed to your product on the smartphone”

Anindya Ghose · 30:36
#attribution#mobile commerce#cross-device#sales
Myth Buster33:45

Sunny Weather Can Increase Smartphone Shopping

Contrary to the intuition that good weather pulls people away from their phones, Ghose discusses evidence that sunny days can increase smartphone use and online purchasing. Better weather improves mood, while mobile shopping lets people remain outside rather than enter a physical store.

  • People continue using phones while walking, taking pictures, and navigating outdoors.
  • Sunny weather can improve mood and increase shopping activity.
  • Mobile commerce preserves the ability to enjoy the surroundings.
  • Rainy indoor time may shift attention toward television, computers, and tablets.

“on a sunnier day, people are more likely to spend time on their smartphones and make more purchases in the online space done in the…”

Anindya Ghose · 34:49

“when the day is sunnier and nicer, you feel much better.”

Anindya Ghose · 35:43
#weather#mood#mobile commerce#consumer psychology

Hot Take· 1

Hot Take06:54

Consumers Moved to Mobile Faster Than Advertising Budgets

Consumer attention shifted rapidly toward mobile devices while advertising investment lagged behind. Ghose identifies the resulting mismatch as a large monetization opportunity likely to attract additional venture funding and employment.

  • Consumers were spending roughly twice the mobile attention implied by ad budgets.
  • Mobile venture funding had already doubled as a share of total funding.
  • The app economy also increases demand for data scientists and business analysts.

“consumers sure spending twice that time, companies are spending half the money. So does a disconnect.”

Anindya Ghose · 07:58

“the mobile app economy is growing by leaps and bounds”

Anindya Ghose · 08:41
#mobile advertising#venture capital#jobs#attention

Explainer· 5

Explainer05:18

The Smartphone Is Becoming the Remote Control for Everything

Ghose describes the smartphone as the most transformative consumer device and predicts that it will increasingly control homes, cars, appliances, and other connected systems. Its role has already expanded far beyond voice communication into a convergence point for digital life.

  • The smartphone combines communication, media, navigation, photography, and computing.
  • Homes, cars, and appliances will increasingly be controlled through phones.
  • Mobile sits at the center of the convergence between AI and consumer IoT.

“the smartphone would be, in fact the most transformative thing that we've ever seen.”

Anindya Ghose · 05:23

“everything is going to be controlled by the smartphone.”

Anindya Ghose · 05:49
#smartphones#iot#mobile#ai
Explainer12:09

Why More Consumer Data Still Produces Bad Targeting

Companies may possess enormous quantities of information while knowing too little about an individual customer. The problem is fragmentation: records remain in disconnected silos that must be stitched together before targeting can improve.

  • Large data volume does not guarantee a complete customer view.
  • Disconnected silos drive indiscriminate advertising.
  • Google, Facebook, and telecom providers are positioned to unify data through advertising infrastructure.
  • Telecom companies increasingly view behavioral and location data as strategic assets.

“the data is actually fragmented. It's all in silos, so somebody has to come and stitch it together.”

Anindya Ghose · 12:30

“the next big bed is monetizing the user data, the user location data, our behavioral data”

Anindya Ghose · 15:04
#data silos#adtech#telecom#personalization
Explainer26:12

Why Crowded Trains Make Mobile Offers More Effective

Ghose's research found that responsiveness to mobile offers increased with subway crowding. People surrounded by strangers used their phones as an escape from stress and unwanted social proximity, making a relevant offer more likely to capture attention.

  • Response propensity increased as crowd density rose.
  • Phones provide psychological escape in crowded environments.
  • Crowding can create stress, hostility, and adversity.
  • A contextually relevant offer can capture attention during the commute.

“The first thing I do is I take my phone out. I immerse myself in this phone. This is my escape.”

Anindya Ghose · 28:07

“shopping is actually a big stress reliever.”

Anindya Ghose · 29:00
#crowding#mobile behavior#psychology#commuting
Explainer37:18

Saliency Determines Which Offer Escapes the Clutter

Ghose defines saliency as the ranking effect that places the best offer where a customer can notice it without costly searching. He expects mobile apps to adopt bidding and auction mechanisms resembling search advertising as competitors vie for scarce attention.

  • Information overload creates an attention-deficit economy.
  • High placement reduces the customer's cognitive search cost.
  • Ranking strongly affects visibility and response.
  • In-app auctions may increasingly determine which businesses receive attention.

“we live today in the world of information overload and attention deficit economy, too much information, too little attention.”

Anindya Ghose · 37:24

“Saliency is the force which basically says, can I give you the best offer?”

Anindya Ghose · 37:34
#saliency#attention#ranking#advertising
Explainer39:08

Trajectory Data Can Redesign Stores, Malls, and Airports

Retailers can use Wi-Fi and other location systems to observe movement across floors and departments, not merely a shopper's current position. Aggregated trajectory data can improve recommendations, disperse crowds, price high-traffic locations, and reshape retail layouts.

  • Trajectory includes where a shopper is, where they have been, and where they appear to be going.
  • Horizontal and vertical location data reveal movement between floors and departments.
  • Stores can improve recommendations while reducing shopping time and congestion.
  • Aggregated paths can guide mall and airport architecture and rental pricing.

“What if imagine a world where the retailer knows not just where you are, but also where you have been in the past.”

Anindya Ghose · 39:34

“they can use the same data to redesign the department store or the mall”

Anindya Ghose · 42:39
#trajectory#retail design#wifi#location data#architecture

Story· 1

Story16:33

The Phone That Enabled Showrooming Can Also Save the Sale

Smartphones initially helped shoppers inspect products in physical stores and then buy more cheaply online. Location-aware retailers can turn the same device into a defense by identifying a likely defection and delivering a timely in-store coupon.

  • Showrooming once diverted substantial physical-store traffic to online competitors.
  • Real-time coupons can target price-sensitive shoppers before they leave.
  • Selective discounts preserve full-price revenue from less price-sensitive customers.
  • Wi-Fi, beacons, and GPS can supply the required location signal.

“mobile as a studio over the years is a double a sword for retailing.”

Anindya Ghose · 16:33

“It's the stragglers that really price as they folks the bargain hunters whom you don't want to lose.”

Anindya Ghose · 19:00
#retail#showrooming#coupons#location

Takeaway· 2

Takeaway21:36

Privacy Preferences Depend on the Value Exchange

Ghose says younger consumers are often willing to treat personal data as a currency when they receive something valuable in return. The practical implication is not that privacy is irrelevant, but that marketers must provide a recognizable benefit to the customer.

  • Millennials show greater willingness than baby boomers to exchange data for value.
  • The customer's expected benefit shapes willingness to share.
  • Younger target markets respond to a data-barter economy.
  • The exchange still requires responsible handling of information.

“millennials are very willing to share their data as a currency to get something in value”

Anindya Ghose · 22:18
#privacy#millennials#consumer data#value exchange
Takeaway1:08:15

Mobile Has Shifted From Strategy Question to ROI Discipline

Companies once asked whether they needed a mobile app or website; those assets later became assumed. The central question shifted toward measurable tactics and whether specific mobile investments generate sufficient returns.

  • Mobile presence evolved from optional strategy to baseline capability.
  • Better data makes tactical effectiveness measurable.
  • Companies can increasingly justify mobile spending through ROI.
  • Measurement quality changes how projects and models should be designed.

“the biggest change has been that the change from focusing on strategy to tactics”

Anindya Ghose · 1:08:15

“the increasing accessibility of data that lets companies actually measure the effectiveness of their tactics.”

Anindya Ghose · 1:08:22
#mobile strategy#roi#measurement#analytics