Scout Analytics Debuts to Drive Subscription Revenues for Online Services
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Subscription Analytics Solution Delivers Deep Insight Into Access and Usage of Online Services to Maximize Lifetime Value of Subscribers SEATTLE--(Business Wire)-- Scout Analytics debuted its next-generation platform today to help online services maximize the lifetime value of subscribers. The first-ever subscription analytics platform enables online services across diverse markets to aggregate, analyze and act upon untapped revenue opportunities. Scout Analytics helps an online service monetize unlicensed service use, maintain customer loyalty and optimize recommendations for up-sell. In its first six months of service, Scout Analytics has been selected to optimize revenue from more than 150,000 subscribers across multiple verticals. While information and software providers rely on the Internet to deliver services direct to customers, they are still struggling with how best to optimize their revenues. With advertising revenues trending down, many online service providers are finding success with subscription-based revenue models. It is estimated that subscriptions to information and software will generate more than $110 billion this year and is poised for growth as software-as-a-service adoption continues and access to content via mobile devices becomes increasingly popular. Winners in these highly competitive markets will maximize revenue from subscribers to drive profitability. Introducing Scout Analytics Scout Analytics is a new software-as-a-service (SaaS) subscription analytics solution that provides deep insight into the access and usage patterns of subscribers, enabling online service providers to identify and target the best revenue opportunities in their customer base. By aggregating behavior and linking it to individual identities, Scout Analytics builds a deep understanding of the online activities and interests of each of its subscribers which can be used to uncover latent demand, build loyalty with targeted campaigns and make personalized product recommendations. Scout Analytics is a purpose-built, highly-scalable platform that powers the following core capabilities: * Session Data Store-Transparently monitors sessions and aggregates more than 200 parameters associated with a subscriber`s access and usage, including device, location, identity, and content without impacting the subscriber`s experience. * Pattern Resolver-Continuously analyzes the session data to identify access and usage patterns that match specific revenue opportunity profiles. * Interaction Manager-Enables providers to create automated business workflows that act on identified revenue opportunities by initiating communications and account management functions. "We are seeing a dramatic shift by online service providers focusing on product development last year, to now focusing on how best to sell their services and retain customers and improve client services," said Anthea C. Stratigos, co-founder and chief executive officer, Outsell, Inc. "The online service providers who will be big winners will be the data `super crunchers` that use advanced analytics to collect insight into each customer`s behavior and quickly take action to personalize their service offerings. No longer can sales representatives, account managers or marketing departments rely solely on intuition, prior experience or simple stats like number of users." Taking the lead from the advanced web analytics and recommendation engines of e-commerce sites, online service providers need their own tools to translate insight from the behaviors of each subscriber into personalized communications, promotions and recommendations. While some service providers have built custom solutions, they are primitive and require sales organizations to rely on their own intuition and experience to find revenue opportunities. Scout Analytics Applications for Revenue Optimization The following Scout Analytics applications help online service providers maximize revenue at every stage of the subscriber lifecycle: * Scout Revenue Assurance-Identifies latent subscriber demand and monetizes its revenue potential. By providing deep insight into account access and usage, Scout Revenue Assurance automates business rules to remediate account sharing and recover unrealized revenue. * Scout Revenue Retention-Identifies access and usage patterns indicative of subscriber churn. The solution looks for new subscribers that are not reaching important adoption levels; existing subscribers that have a drop in their utilization; and upcoming renewals that have unusual activity such as excessive data downloads. Scout Revenue Retention provides promotions, education, and support to increase utilization and value of the service and prevent anticipated churn. * Scout Revenue Expansion-Optimizes revenue by identifying subscribers who would most benefit from up-sell promotions. The solution identifies usage patterns of highly active subscribers and identifies up-sell opportunities by correlating roles, industry, geography, and previously usage. Scout Revenue Expansion provides recommendations and promotions to increase utilization and up-sell revenue. Scout Revenue Assurance is available today and is currently being used in the real estate industry to transparently monitor the use of multiple listing services (MLS) and identify usage violations. In only 90 days, remediation of account sharing has enabled listing services to realize a 15 percent jump in membership. Scout Revenue Expansion and Scout Revenue Retention will be available Q4 2009. "Most online services focus on subscriber acquisition, but don`t realize the real profits start in year two or three," said Chief Executive Officer Mark Upson at AdmitOne. "The Scout Analytics platform and applications aggregate access and usage data, analyze for revenue opportunities, and act to monetize those opportunities." About Scout Analytics Scout Analytics is a service of AdmitOne Security which delivers identity analytics solutions across multiple industries including real estate, financial information services, SaaS and digital media to help online services maximize the value of electronic identities. The venture-backed company is based in Issaquah, Washington. To learn more about Scout Analytics, visit www.scoutanlaytics.com or call 425.649.1100. AdmitOne Security and Scout Analytics are registered trademarks of AdmitOne Security, Inc. All other trademarks and registered trademarks are the property of their respective owners. AdmitOne Security Matthew Shanahan, 425-649-1100 press@admitonesecurity.com or Schwartz Communications Clinton Karr, 415-512-0770 admitone@schwartz-pr.com Copyright Business Wire 2009
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