It’s a no-brainer that marketers need to focus on products and promos that personalize for better loyalty. So, why are some digital marketing leaders still struggling?
Have you explored your Spotify Wrap statistics? They provide personalized analytics on the amount of time you’ve spent listening to music and details about your top tracks and artists. Spotify’s spiraling global user base demonstrates that intelligent, personalized engagement can have an unparalleled positive effect on brand loyalty. Even Amazon Music recently collaborated with generative AI music company Endel to produce wellness playlists using its AI tech for listeners.
While customer loyalty has never been blindsided, it has never been the top priority. A 2023 report revealed that 76% of consumers say personalization directly influences their purchase decision, and 78% say it impacts their likelihood of making repeat purchases and being loyal to the brand.
Meanwhile, a Gartner study revealed that 63% of digital marketing leaders struggle with personalization. Even McKinsey states that the value of getting personalization right is multiplying in today’s digitally connected and always-on world.
Causing sleepless nights, business leaders are reimagining customer engagement supported by deep intelligence, algorithmic communications, and personalization.
Calculating customer purchase likelihood
Comviva, a customer experience and data monetization solutions provider, and Tunisia’s mobile communication services provider, Ooredoo, recently partnered to strengthen customers’ loyalty and engagement.
The partnership helps enhance customers’ loyalty through more personalized offers. Telecom player uses the solution to segment customers across various categories, provide an interactive best-fit offer, and increase revenue. In addition, Comviva provides its data science services with pre-built AI/ML models for faster time-to-market and accelerated adoption of AI technologies.
By analyzing customer data, AI can calculate the likelihood of a shopper making a purchase, offer real-time suggestions, check in post-purchase, and follow up for customer feedback. With a rich data foundation, marketers become creative storytellers for individual customers and strengthen their loyalty.
Navigating omnichannel complexity
As customer journeys become more complex across multiple channels, AI-powered decisioning offers the next best engagement for each customer, provides the best possible strategy for cross-channel analytics and delivers personalized engagement. For instance, Amdocs, a provider of software and services, partnered with Microsoft to launch an intelligent customer engagement platform.
Medallia, a customer and employee experience provider, recently announced a platform to help companies use omnichannel customer insights and provide the best engagement with personalization offerings.
While AI chatbots are pivotal in revolutionizing customer interactions today, let’s explore how they can facilitate intelligent engagement. Blue-chip companies use them to streamline customer engagements and drive higher levels of customer happiness.
Also Read: How Predictive AI is Transforming the Retail Industry
Adding context to the conversation
Recently, Conversica, a provider of conversation automation solutions for revenue teams, introduced Conversica Chat, a GPT-powered chat solution. With the AI tool, users engage in ongoing, personalized interactions that provide relevant information and resources to support them through their buying processes.
Jim Kaskade, CEO of Conversica, said, “Our aim has always been to disrupt the industry by combining GPT technologies with the enterprise-scale features that customers demand. Conversica Chat is only the beginning of the customer journey.” The Intelligent AI technology helps create human-like engagement throughout the buyer lifecycle across all communication channels and ultimately strengthens customer experience and loyalty.
Brands have used past interactions to personalize content better and understand behavior and key moments in the purchasing cycle. While these actionable insights are becoming increasingly important to inform creative strategy growth, is it enough?
To connect with customers emotionally, brands also create intelligent content and invest in contextual personalization. For instance, Sephora’s Beauty Insider program demonstrates a truly personalized omnichannel customer experience. Sephora links online and in-store interactions through their mobile app, and consumers book in-store makeovers and consultations.
The app provides recommendations and allows consumers to try products virtually. Recommended products are tied to an individual consumer’s profile, so consumers can purchase them whenever they want and have that information stored in their profile for future reference.
