satyamkapoor

I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First. ...

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I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First.

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Chief Marketing Officers' are buddying up to Big Data

By satyamkapoor |Email | Jan 19, 2018 | 5976 Views

There are new technologies being introduced everyday and regular advances in managing and utilizing consumer data is also happening. Resultantly, it is becoming harder to stay up to date with all of them. Technology is moving faster than marketers can figure how best to make use of it.

We are entering another year of new development & strategies, you will fall behind if you and your team do not spend enough time scouting for new opportunities in marketing.

The new data management techniques help us not only understand individual customers better but also personalize the experience. One now needs to invest into deepening those relationships and building bonds that are intimate to win loyalty of customers. Honestly, big data is scary for a lot of people.

It's an anonymous boogie man that somehow knows so much about us. But if we get rid of that anonymity, if we make these relationships feel not one-sided and creepy but mutual, then we can replace that discomfort with trust and create real consumer investment in our brands.

Making targeted advertising personable can be a tall order. But there are so many tools that already exist to help us add some personality to the individualized marketing and the consumer data that enables it. CMOs in 2018 will need to expand their idea of consumer relationship management to include, not just the relationship between the customer and the brand, but all of the smaller relationships that form the bedrock of that most important connection.

That means focusing on the relationships between customers and employees, between customers and the advertising itself, and between customers and other customers.

Using New Technologies to Better Respond to Customer Needs

We're starting to see a natural shift toward bringing together marketing and customer service. It should be obvious, but how a customer's problems are resolved is huge for building relationships with customers. That's where the rubber meets the road and the customer feels like he or she is interacting personally and directly with the company.

Jason Hennessey, a marketing consultant who's written for The Washington Post and CBS News, to name a few believes CX and marketing are joined at the hip. " The customer's experience is probably the most important factor for building brand loyalty and creating that relationship and is undeniably inseparable from marketing."

Hennessey, who has worked with big brands such as Tax Slayer and LexisNexis as well as smaller brands/law firms including Atlanta Car Accident Lawyer and the Newsome Melton law firm, adds that CX is "the opportunity for a company to convincingly prove itself to be trustworthy and worthwhile for the customer.

The bottom line is 2018 is the time to focus on improving the customer's experience. New advances in artificial intelligence can be used not just for online chatbots when there isn't a live representative to assist someone, but to comb through data on customer patterns and behaviors to help foresee issues and ensure a quick, elegant solution. By properly utilizing AI and studying the customer journey with data, we can make customer service more effective and personable.

This is why marketers need to learn how to be knowledge managers in 2018 - not just to manage all the brand information that potential consumers will encounter in advertising, but to manage flows of information so that customers promptly get the knowledge they need and so that data is put to the best possible use.

When something goes wrong for a customer, they need quick and competent help fast. We also can't miss that opportunity for interaction, either through an AI helper or a human employee. All this technology means we should be able to give personable and professional help, delivered immediately on demand. That's how a relationship is built.

Getting Personal with AI in Advertising

The biggest opportunity for continuing to invest in customer relationships with marketing in 2018 is through continuing to personalize advertising experiences and target ads for even narrower and narrower purposes and audiences. As the information available through big data grows, along with our ability to effectively access and utilize it through AI, we can target more specific audiences with more specific goals set for conversion.

We can keep finding factors that would identify future potential customers - before their need has become real enough for them to start considering searching for options and marking themselves more clearly as potentially interested customers.

Under such circumstances our goal with a piece of marketing wouldn't need to be any more complicated than that the potential customer visit the website or that they simply read to the end of an advertisement or some kind of exchange taking place around or regarding the advertisement.

Advances in AI and voice technology like Amazon's Alexa and the Google Assistant will be the key to a whole new wave of interactive marketing content and mini-user interfaces that pull customers in with original content and immersive relational experiences. Giving your advertising a voice and a personality is a powerful way to humanize your brand and cultivate relationships with potential customers little by little.

Targeting Communities and Dialogue-Centered Marketing

Interactive content doesnâ??t need to be targeted just to individuals. Marketing targeted to specific communities through internet content on platforms like YouTube, Facebook or others can create opportunities for customer-to-customer relationships that also build up the brand.

Your brand can gain a particular sense of personality through an original video content or simply a prompt for creating a customer dialogue. Customers engage with the personality of your marketing content via interaction with other potential customers.

Using more advanced AI, we will be able to more effectively target communities and find ways to have meaningful conversation and build engagement. The character of the brand is as important as the customer engagement itself. In 2018, you should expect to see product choices and brand loyalty more tied to personal value than in the past.

It means that as you begin to take advantage of new technologies and start using them more effectively, you will have to make some tough choices related to the content of your marketing. 

Source: HOB