Customer analytics infographic

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Did not follow best practices in using customer data, so unable to engage customers in a relevant fashion. Identify high-value customers and send them targeted marketing messages Optimize product bundles and offer times based on historical and recent customer behavior BEST-IN-CLASS STEPS TO SUCCESSFULLY MANAGE THE BUYER’S JOURNEY Delighting customers is no easy task for today’s organizations. The constant growth of information on numerous products and services empower customers with crucial intelligence that influences their purchase decisions. Achieving success in keeping in-tune with customers’ rapidly changing needs requires businesses to streamline their customer data management activities to personalize each customer interaction. The activities that are used to proactively manage this buyer’s journey can be compared to navigating a treacherous river. Success in completing a journey through this river requires companies to make the right decisions across each phase of the buyer’s journey by coordinating their activities, sharing information and working collaboratively to create lifetime customers. Companies successfully managing customer data collection use the following key differentiators: 61 % BIC 57 % BIC 61 % BIC CUSTOMER DATA COLLECTION Integrate internal data with external data Track, measure and report Social media platforms Integrate internal data about customers / prospects with external data (e.g. online, social) to gather a more comprehensive view of customer interactions Identify most influential customers within social media platforms Track, measure and report the impact of each piece of digital content on driving customer behavior TOP CHALLENGES FOR TODAY’S BUSINESSES 48% 32% Increased competition Rapidly changing customer expectations Manage/navigate the buyers’ journey by leveraging customer analytics best practices Customer retention BIC 158% greater than All Others Customer satisfaction BIC 16.4-times greater than All Others Avg profit margin per customer BIC 8.14-times greater than All Others Return on mktg investments BIC 844% greater than All Others We know our customers! 360° VIEW OF THE CUSTOMER: Seamless integration of customer data across enterprise systems (i.e. ERP, CRM) 52 % Report customer engagement performance results by role 73 % BIC 70 % BIC 48 % All Others: 55% All Others: 31%

Transcript of Customer analytics infographic

Page 1: Customer analytics infographic

Did not followbest practices in using

customer data, sounable to engage

customers in arelevant fashion.

Identify high-value customers and send them targeted marketing messages

Optimize product bundles and o�er times based on historical and recent customer behavior

BEST-IN-CLASSSTEPS TO SUCCESSFULLYMANAGE THE BUYER’S JOURNEYDelighting customers is no easy task for today’s organizations. The constant growth of information on numerous products and services empower customers with crucial intelligence that in�uences their purchase decisions. Achieving success in keeping in-tune with customers’ rapidly changing needs requires businesses to streamline their customer data management activities to personalize each customer interaction. The activities that are used to proactively manage this buyer’s journey can be compared to navigating a treacherous river. Success in completing a journey through this river requires companies to make the right decisions across each phase of the buyer’s journey by coordinating their activities, sharing information and working collaboratively to create lifetime customers.

Companies successfully managingcustomer data collection use the following key di�erentiators:

61%BIC

57%BIC

61%BIC

CUSTOMER DATA

COLLECTIONIntegrate internal data with external dataTrack, measure and report

Social media platforms

Integrate internal data about customers / prospects

with external data (e.g. online, social) to gather

a more comprehensive view of customer interactions

Identify mostin�uential customers

within socialmedia platforms

Track, measure and report the impact of

each piece of digital content on driving customer behavior

TOP CHALLENGES FOR TODAY’S BUSINESSES

48% 32%Increased

competition

Rapidly changingcustomer expectations

Manage/navigate the buyers’ journey by leveraging customer analytics best practices

Customer retentionBIC 158% greater than All Others

Customer satisfaction BIC 16.4-times greater than All Others

Avg pro�t margin per customerBIC 8.14-times greater than All Others

Return on mktg investmentsBIC 844% greater than All Others

We know ourcustomers!

360° VIEW OFTHE CUSTOMER:Seamless integration

of customer data acrossenterprise systems (i.e. ERP, CRM)

52%

Report customer engagementperformance results by role

73%

BIC70%

BIC48%

All Others: 55%

All Others: 31%