Live Nation Entertainment sold 400 million online tickets in 2016. They realized that through their existing channels, they had collected the largest quantity of consumer, trending, and purchase behavior data about live entertainment anywhere in the world. Despite this fact, they had also identified that they had achieved very little with the data and were in an enviable position for change. Further to this, they also acknowledged that over the previous years, almost 40% of their tickets had remained unsold. Live Nation sought a data management system that could dissect and analyze their data in a way that would enable them very direct targeting for potential sales.
Live Nation identified the following key areas for success when implementing a data management solution:
Salesforce enabled Live Nation to bring all of their services under one umbrella, across all their operating countries; each of their 15,000 staff would use it. This meant that all staff were using the same data access portal resulting in streamlined training and increased confidence. Through their use of Salesforce, Live Nation found that they could take a step back from concerns about their data and could focus on providing a great product without needing to think about the underlying technology. Using Salesforce's toolkit enabled Live Nation to mine their data quicker, easier and more effectively to make key collection, analysis, and predictions. This data could then be used to achieve one of their top goals: adding value to every communication. The relationship between Live Nation and their clients became more of a social journey than simply a set of bookings. By being able to concentrate on the UX of their Apps and Websites, they were able to drive forward sales and increase repeat business. They have moved from a ticket-sales organisation to a music community; a far better place in which to be.
With the help of new possibilities in the digital age, especially through automation processes in combination with Artificial Intelligence there are three main advantages that can be used to increase sales:
Your employees, customers and not least your company will benefit from these results.
Together with our partners, we have many solutions for process automation. We will help you start into the digital age. So take your chance.