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BEAM (Business Events Analytics/Metrics) to provide holistic industry insights
PCMA announced a unique, new product providing market intelligence and data analytics for the business events industry where professionals, organizations, hospitality providers and destination organizations can gain insights into industry trends and behaviors.
BEAM, Business Events Analytics/Metrics, was revealed at IMEX, a multi-day business events tradeshow May 20-23 in Frankfurt, Germany.
“We wanted to create a unique product unlike any other in the marketplace to unleash the extraordinary power of data to advance research, identify industry trends and create predictive analytics that will guide business event professionals to make informed and strategic business decisions,” said Sherrif Karamat, CAE, president and CEO of PCMA.
BEAM was developed by PCMA in partnership with Infogroup of Dallas, Texas, a leader in big data intelligence and marketing technology. Infogroup will independently manage the data and analytics process to ensure the service meets data security and privacy standards.
“This customized analytics engine is unique as it draws information from multiple data sources to provide the business events industry with exclusive insights and capabilities to explore data,” said Robert Haas, PCMA’s Chief Administrative Officer, who is spearheading BEAM.
Destinations International, a Washington, D.C.-based international resource for destination marketing professionals, will be PCMA’s marketing partner for BEAM.
“We are thrilled to partner with PCMA on this very important product,” said Don Welsh, president and CEO of Destinations International. “This new tool will allow destination organizations to be smarter and have the ability to drive their own success.”
How it works
BEAM will provide a comprehensive view of the business events industry by leveraging a portfolio of data sources to better understand individuals, organizations and face-to-face events. The data will help predict behaviors of business events participants to help professionals deliver a more strategic, engaging and relevant experience.
The product will serve multidimensional purposes and levels of interest including:
- Managing big data by organizing large, unstructured amounts of data that reveal patterns and trends, especially relating to human behavior and interactions.
- Events insights from all industries that participate in business events including technology, hospitality, venues and destinations.
- Industry insights that can be tailored to each BEAM participant’s needs.
BEAM will also provide a data-hygiene process, allowing participants to ensure their CRM data is not outdated, erroneous or redundant.
Privacy and security
Infogroup will independently manage the data and analytics process to ensure the service meets data security and privacy standards. BEAM participants will only have access to their own proprietary data. PCMA will never have access to any data portfolio other than its own. Any data intelligence or analytics generated by BEAM will not identify individual information.
Access to BEAM intelligence is granted on a 12-month rolling license. The PCMA product is in pre-sales mode and will launch later this year.
For media queries from the Americas, APAC, EMEA, and requests for interviews with Sherrif Karamat, please contact: Meghan Risch, PCMA Chief of Staff, Vice President, Corporate Communications PCMA, PCMA Foundation and CEMA educate, inspire, and listen, creating meaningful experiences where passion, purpose and commerce come together. We are the world’s largest community for Business Events Strategists, providing senior-level education, networking, and market intelligence for the global business events industry. Our mission is to drive social and economic progress through business events. Headquartered in Chicago, IL PCMA has 17 North American Chapters, regional communities in APAC, EMEA and LATAM, and members in 59 countries. The Corporate Event Marketing Association (CEMA), a PCMA subsidiary, advances strategic event marketing and marketing communications for senior-level event marketers and industry professionals. Visit us at pcma.org. The role of the Foundation of PCMA is to support the mission of PCMA through fundraising and grant-giving focused on scholarships, education and research that will advance the business events industry. Annually the Foundation funds over $700K in impact, and since 1985 has funded over 2,500 scholarships, 100 research studies and education programs, and $2.7M in charitable giving. The Corporate Event Marketing Association (CEMA) is the eminent community for senior event executives, association peers and industry partners and is an integral component of the Professional Convention Management Association’s (PCMA) brand collective. CEMA promotes professional networking opportunities, facilitates peer-to-peer knowledge sharing and drives industry standards. Through strong relationships with strategic partners, CEMA fosters both finding innovative solutions to business issues and continuous focus on members’ career growth. For more information, please visit http://www.cemaonline.com.About PCMA
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