argyle cmo forum: rethinking personalization with sap hybris
TRANSCRIPT
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Up, Close & Personal – Rethinking Personalization
Dr. Volker G. HildebrandGlobal Vice PresidentSAP Hybris
2016 ARGYLE CMO FORUM
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THE STORY WITH ROMY
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XOLD RECIPES DON’T WORK ANYMORE
DAD ROMY, RYAN & KAY
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RELEVANCE
RELIABILITY
CONVENIENCE
WHAT WE CAN LEARN FROM ROMY ABOUT CUSTOMER EXPECTATIONS
CONTEXTREAL TIME
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CUSTOMERS ARE CHANGING THE RULES.
TECHNOLOGY IS
CHANGING THE GAME.
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MARKETING HAS BECOMEA WEAPON OF MASS DISTRACTION
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MARKETING IS BROKEN
Marketers bombard customers with irrelevant messages. Not targeted, not relevant
of online ads are ignored Source: Google Display Benchmark Tool
99.94%
Email click through rate Source: Getresponse
3.57%
All digital channel response rate Source: DMA Response Rate Report 2015
0.62%
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MARKETERS
Source: Forrester Research “The Contextual Marketing Imperative”, Oct, 2015
rate their personalization efforts at “very
good” or “excellent”
companies are consistently delivering personalization, cross
channel experience
66% 31%
CUSTOMERS
GAPS IN DELIVERING PERSONALIZATION
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LACKING KEY CAPABILITIES
91% Of Marketers are prioritizing customer experience through personalization1
16% only have the capability to capture customer intent and respond in real time1
80% Don’t know much about their customers2
Source 1: “The Contextual Marketing Imperative”, Forrester Oct 2015Source 2: “Marketer Stuck on Basic Data for Personalization”, eMarketer June 2015Source 3: “Mastering Adaptive Customer Engagement”, CMO Council 2014
Only 28% deliver a personalized experience across channels3
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ENGAGE WITH YOUR CUSTOMERIN THE MOMENT WHEN IT MATTERS
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EVOLUTION OF PERSONALIZATIONRely more on the pillars of individualization, rather than segmentation
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THE PROBLEM WITH SEGMENTATION
2 OUT OF 3 TIMES PERSONALIZATION
IS WRONG
SEGMENT GROUP
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WHAT THEYHAVE DONE
WHAT THEYMAY DO
WHAT THEYARE DOING NOW
REAL-TIMEINDIVIDUALIZATION PRESENTATION OF
RELEVANT CONTENTACROSS TOUCHPOINTS
[ SITES, APPS, ADS, EMAIL ]
THE CUSTOMER
EXPLICIT
IMPLICIT
1:1 MARKETING IS ABOUT INDIVIDUALIZATION
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CORE CAPABILITIES IN DEVELOPING
INDIVIDUALIZED PERSONALIZATION
STRATEGY
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1. Customers are identified and treated as individuals, capture rich customer information
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OBJECTIVE
BENEFITS
• Move from retail- to consumer-centricity• Create central golden consumer profile across multiple
channels, incl. Foot ID• Flexible and extensible omni-channel marketing platform• Personalize merchandising online stores• Engage directly with consumers
CUSTOMERCENTRICENGAGEMENT
• Increase marketing opt-in 35% and response rates 65%• Simplified architecture, maintenance and user adoption• Single platform to manage data and analytics capabilities• Guiding sales with what activities to perform at each store
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Image source: OnPoint DMS (http://www.onpointdms.com/)
2. Real-time access and evaluation of customer intent
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OBJECTIVE
BENEFITS
Engage with 30M fans in real-time Consolidate dozens of data sources, from merchandise and
tickets to paid subscriptions and fantasy hockey Target fans based on their favorite teams, players and sentiment
PERSONALIZEDFAN ENGAGEMENT
• 25% increase in visitors to the site – subsequent to campaigns• 45% higher engagement with fans• Better personalization across different channels
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3. Personalization is delivered consistently across channels, devices, and departments
Interest in Canon Powershot A480
Follow up with interested product content
Consistent experience across channels
Personalized remarketingemail
In Store Follow up email or Display ads
Dynamically personalized Website
Follow up remarketing email
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OBJECTIVE
BENEFITS
• Establish end-to-end marketing process • Create 360 golden customer profile • Provide high-speed segmentation • Real-time data feeds for highest level of accuracy
PUTTING THECUSTOMER AT THE CENTER
• Engaging with consumers in a smart way• Better customer experience• Higher return on marketing investment (ROMI)
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If personalization is done right, it doesn’t look like marketing…
…it just looks like a great experience
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THANK YOU!