It is this time of the year again – your favourite articles of 2022
Happy New Year to everyone! Apart from all the political suff that I do not want to dive into, the year 2022 has seen a lot of exciting events and topics, from the rise and fall of the Metaverse, to lots of defaulting crypto companies. Towards the end of the year, chatGPt stirred up quite some waves. Not to forget the long story of Elon Musk taking over and handling Twitter … In more conventional areas, we have seen more of a renewed interest in affordable CX suites. Earlier in the year, also CDPs have been a big topic. Tips for good engagement to achieve customers having a positive experience is also always a topic. (Nearly) all of this is reflected in the 2022 top ten of my blog, which has seen a good number of visits. A big and heartfelt thank you to all my readers! Here are your top ten articles of 2022. #10 How to engage for customer experience and success #9 How to create value with a CDP #8 The impact of the supply chain on the customer experience #7 A great human – bot conversation with lots to learn #6 How (and why) a marine consultancy made Zoho core of their business #5 The almighty Metaverse – its Rise and Fate #4 How to make Zoho a business’s operating system #3 How to Zoho’matize a business #2 Don’t mess with Zoho – A Zohoday 2022 recap #1 Metaverse – the return of the Undead All of these are well worth revisiting. Thank you again for your readership. I wish you all the best for 2023. Exciting times are lying ahead of...
How to create value with a CDP
These days, Customer Data Platforms, or in brief CDPs, are one of the most discussed topics in the CX industry. Last time I looked, the CDP Institute counted more than 150 CDPs of different flavors that target different business challenges. This raises a lot of questions, chiefly: What is a CDP? Which business challenges do companies solve with a CDP and how do they approach the solution, i.e. how do they proceed implementing one? Let’s start at the beginning. According to the CDP Institute, a CDP is “packaged software that creates a persistent, unified customer database that is accessible to other systems”. Figure 1: A simple model of CDP functionalities Functionalities offered by CDPs reach from simple data gathering and unification to the activation and even active usage of information derived from customer data. This already shows the different business challenges that can be addressed with a CDP. It also shows, that the business challenges can be addressed in a way that provides increasing value to the business. As an aside: A good CDP always bases on a solid foundation of customer identities and the consents that customers have given. The second important question is how a CDP can or should be implemented. What is a viable approach? To learn more about these questions, we spoke with Mario Kurmann, Senior Product Manager CRM at Migros Fachmarkt AG in Switzerland. Mario was responsible for the initial CDP implementation and now for its continuous improvement. Migros is one of Switzerland’s biggest retailers. Fachmarkt, as part of Migros, basically operates five independent brands in the areas of sports, electronics, home improvement, furniture...
How to not manage your customers’ journeys
It is time to talk about customer journeys and customer journey orchestration. Again. The theme of two of my recent articles has been about customer data. First, in my article Why you don’t want a 360-degree on the customer I rubbed the coveted 360-degree view on the customer, which is utterly meaningless as a contextually relevant view on the customer is required to take any decision or action. Then I followed up with the view that a customer data platform (CDP) is not an end in itself but a means to an end. Actually, two ends. They are engagement and experience. Back in the day when no one talked about CDPs I wrote in a guest post There is no customer experience without customer engagement to Paul Greenberg’s ZDNet column that a well-orchestrated CRM system sets the foundation “for every meaningful and relevant engagement, proactive (company initiated) as well as reactive (customer initiated), which covers all communication/engagement channels, and an increasing number of possible touch points. The CRM system, at its core, is channel- and touch point agnostic. But it supports and serves all of them, every single one – including those that we do not yet know of. The customer engagement, as an ongoing process, itself happens via any number of interactions, the touch points chosen by the customer, but offered by the company”. This is, of course, based on Paul’s definition that “customer engagement is the ongoing interaction between company and customer, offered by the company and chosen by the customer”. Nowadays one could replace the term CRM with CDP, but how we call it doesn’t really...