IBM Commerce POV - Customer Engagement
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Transcript of IBM Commerce POV - Customer Engagement
2 © 2015 IBM
A hyper-connected, everyone-to-everyone (E2E) economy is emerging where understanding customer context is crucial
OEM Mfr
Retailer
Consumer
Enterprise
…the office equipment category buyer for a large insurance company
…the engineer for an industrial automation manufacturer
…the buyer for a major consumer electronics retailer
…the grade school teacher who likes classic novels, international travel and cooking
For example, if you interact with your customer or prospect Lilly, is she …
The focus is not just about B2B or B2C, or even P2P (person to person)
The key is to know therelevant context of the customer:
• Of the individual’s: role and influence
• Of the ecosystem in which they operate
3 © 2015 IBM
In their journey to address these imperatives, companies across many industries have some common challenges
Siloed customer experiences across
the customer lifecycle
Complexity and inefficiencies in
managing the explosion of product,
content and service offerings
Inflexible deployment models across brands, geos, business units
Transactional, but not truly collaborative, integration with value chain partners
5 © 2015 IBM
IBM Commerce helps CMOs create evidence-based, enduring value to the organization
CMO AGENDA
Grow your knowledge of customers as
individuals so you can better target
offers and information.
Take action when and where it matters most to
help drive the best outcomes at virtually
every opportunity.
Better anticipate customer needs to
deliver more relevant and timely offers that are more likely to be
accepted.
GAIN CUSTOMER INSIGHT
PERSONALIZE INTERACTIONS
ENGAGE CONTINUOUSLY
WITH CUSTOMERS
6 © 2015 IBM
What if your marketing efforts resulted in?
Improved customer value, loyalty and retention5%–15% increase is typical
Higher campaign ROI15%–30% increase is typical
Increased response rates10%–50% increase is typical
Other business metrics improvementsrevenue, profit, others vary by industry (assets under management, basket size, # products owned, etc.)
More campaigns with the same resources2–5x increase is typical
Reduced cycle time for marketing efforts40%–80% reduction is typical
Reduced marketing costs20%–40% reduction is typical
Lower customer acquisition costs25%–75% reduction is typical
More effective marketing More efficient marketing
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7 © 2015 IBM
First, you need to GAIN CUSTOMER INSIGHTwith Customer Analytics & Digital Marketing
Understand Individuals & Ecosystems
Understand Broad Customer
Demographics FROM TO
CMO
CMO
8 © 2015 IBM
Customer Analytics solutions offer unified views and insights across modes and channels of customer interaction
Drive highly focused customer interactions across all phases of customer experience lifecycle
Acquire profitable customers
• Engagement patterns
• Engagement preferences
• Buying intention
• Sentiment
• Buying intention
• Product preferences
• Buying patterns
• Peer recommendations
Cross-sell and up-sell
• Relevant engagement
• Reduce struggles
• Proactive responses to sentiment
Increase retention, loyalty & engagement
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Digital Marketing lets you develop deep insights into the online behavior of your customers
Understand web site and marketing program performance to build customer profiles
Measure social ROI relative to other digital marketing efforts
Gain a more complete understanding of the downstream impact of marketing efforts
Track and segment customer behavior over time
Benchmark performance against peers and competitors
Link offline with online behavior
10 © 2015 IBM
Tailored MomentsStatic Offers
Armed with these new customer insights, PERSONALIZE INTERACTIONS in each moment of engagement with Real-Time Personalization
FROM TO
CMO
CMO
11 © 2015 IBM
Only Real-Time Personalization enables you to address these challenges and take full advantage of every interaction
Maximize all types of real-time
engagement across channels
Use response data to refine and
optimize future decisions—
automatically
Directly engage in offer design and creation
Consumer product or service recommendations based on past purchases and current web page views
Corporate configuration recommendations and installation options based on office locations
Manufacturer content recommendations (white papers) and product recommendations based on desired specs
12 © 2015 IBM
Make sure that this personalization allows you to ENGAGE CONTINUOUSLY WITH CUSTOMERS with Omni-Channel Marketing
Lifecycle Digital Content
Ad Hoc Traditional Media
FROM TO
CMO
CMO
13 © 2015 IBM
Omni-Channel Marketing engages customers with highly targeted campaigns, offers and real-time detection of opportunities
PROMOTING ORGANIZATIONAL
ALIGNMENTHelps reduce channel
silos through collaboration and measurement
DELIVERING BRAND
CONSISTENCYDrives consistent
messaging across offline and online channels
CREATING AN INTEGRATED,
CUSTOMER JOURNEYAligns with customers’ expectations on their channel of preference
at the right moment
14 © 2015 IBM
IBM Commerce delivers an integrated approach for customer engagement
For Marketing Leaders
Omni-channel Marketing
Real-time Personalization
Digital Marketing
Mobile Consumer Engagement
For Selling & Fulfillment Leaders
B2C Commerce
B2B Commerce
Omni-channel Merchandising
For Consumer Experience Leaders
Consumer Analytics
Consumer Service Optimization
Customer Engagement
15 © 2015 IBM
Trademarks and notes
IBM Corporation 2014
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