Social inventory supplier, via the internet, to order more

Social Media has been in practice for over ten years now. But
the integration of IoT with Social Media has created a new dimension for Social
Media, by expanding its scope to a larger extent. Interconnectivity of digital
devices provides endless opportunities for brands to listen and respond to the
needs of their customers – with the right message, at the right time, on the
right device. According to a report by Marketo, 51% of the world’s top global
marketers expect IoT to revolutionize the marketing landscape by 2020. IoT
enables Social Media marketers to get access to previously unobtainable data
regarding the ways consumers interact with devices and products, get a better
insight into their buying journey. It also facilitates real-time interactions,
POS notifications and enables more targeted and fully contextual ads.

With IoT, effective marketing will not only cater solutions
to demographic and psychographic targets, it will also predict solutions for
the individual users of products.  For
example, when the brakes of a car are wearing out, the nearest repair shop can
send out targeted campaign to the consumer and direct the car to its store.
Another instance is when a coffee maker doesn’t work, and the consumer angrily
tweets about the experience, being IoT enabled, instant reply to the consumer’s
tweet can be sent out by the company explaining the issue and they can also
activate automated replacement to address the consumer’s dissatisfaction. Coca
Cola vending machine, running low on inventory can communicate with an off-site
inventory supplier, via the internet, to order more Coke. Another example is
when a consumer is near the vicinity of a retail store, it can send out a personalized
campaign based on not only the consumer’s distance from the store, the current
weather condition, past purchase behavior but also based on previous purchases
from competitors’ stores, other purchases made by the consumer that day,
upcoming events on the Google calendar and the consumer’s fitness report from
the wearables.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

Another field in which IoT and Social Media converges is
Social Access Management. Such technologies allow consumers to interact with
physical IoT enabled devices using their social identity. Recently, one company
introduced an IoT powered vending machine which could be accessed by tweets. Consumers
used their Twitter account to get a product from this vending machine.

The age of the interruptive commercial can finally come to
an end if marketers completely rely on IoT related data. In this new world of, advertising
can be beneficial and completely relevant. No customer will be served an
advertisement that doesn’t 100 percent align with their interests, behaviors,
and past purchases. For example, when a light bulb’s timespan ends, a smart
connected home could not only entail the need for a replacement, but could also
send a discount coupon to the homeowner on his Smartphone for a new bulb. Not
only does this saves time for the consumer by only seeing relevant ads, but also
help marketers by not wasting thousands of dollars on irrelevant advertising.