Innometrics Reveals why the Single Customer View is a Marketing Nightmare Wednesday 12 November 2014 PDF Print Investing in technological solutions that will empower existing systems is a perfect step towards the SCV fairy tale. Innometrics, the customer data specialists, today unveils its insightful research on the Single Customer View (SCV) in partnership with eConsultancy. The research deep dives into the realities of creating the utopian state of a 360 view of a customer’s journey across the lifecycle of the brand and whether the technology is capable of achieving this. Customers today use an average of six channels during the buying process, and the number of channels available to them is only increasing. Add to that the increased frequency and sophistication in consumer use of mobile devices and social networks, and the goal of creating a SCV can become an almost impossible task. Econsultancy Research Director, Linus Gregoriadis, adds: "Companies are still striving for the single customer view, but it's more elusive than ever because of the complexity of the customer journey and the complications relating to technology and data integration. Simultaneously, the customer experience has never been more important given the opportunities for competitive marketing advantage for those who can target customers with on point information in the right channel.” Andy Walker, UK MD, Innometrics, concludes: “We’re seeing companies striving for this nirvana of the 360 view and, whilst it’s not unachievable, it’s expensive and time consuming. Rather than forever seeking the SCV, companies should focus on making sure that the data they need about individuals is there when they need it in order to make marketing interactions as effective as possible. Investing in technological solutions that will empower existing systems is a perfect step towards the SCV fairy tale.” The research, available to download here, looks at the following areas: The gap between digital and retail Building a bridge between the retail and digital worlds is proving a significant challenge for many brands and businesses as online transactions make up 13 per cent in the UK, capturing the data remains a priority. The battle against legacy systems and big data Data silos, multiple systems and misunderstandings in using the technology all lead to a complicated and fragmented customer view. Learn how businesses admit to this being the biggest problem to creating the SCV. The importance of real-time Only a few companies are achieving the SCV in real time. Without these technological processes in place, organisations are unable to take advantage of the immediacy of their customer relationships, irrespective of how well the customer journey is understood. Creating a contextually rich view of the customer Customers expect personalised experiences, but a complete SCV is not essential to achieving this. For those struggling to obtain buy-in and investment for a SCV, audience profiling, audience segmentation and propensity modelling might be sensible alternatives. There is a key difference between SCVs and customer profiles. The SCV can only show you past activities, but profiles include data such as social information to show intention. This provides marketers with the ability to anticipate and predict customer behaviour. Additional resources: Find out more about Profile Cloud Understand how big brand names are using Profile Cloud to personalise their customers’ experiences About Innometrics Innometrics began life as a philosophy: a desire to inspire more meaningful engagement between customers and organisations; and a commitment to empower a different type of conversation. A customer’s behaviour and interaction with a brand could tell an organisation all they need to know to create personalised experiences and campaigns. Currently, brands are unable to capture this information and use it. Profile Cloud from Innometrics enables brands to do this. It is the game changing platform that dynamically combines different sources of customer activity, existing in-house customer data and online behaviour to create one powerful, actionable, real-time profile for each customer. Profile Cloud will power an organisation’s existing marketing, sales and customer services technologies, delivering the need for meaningful engagement and greater return on investment. A reliable partner, Innometrics is trusted by many organisations to help build authentic and meaningful consumer interaction. The company has offices in Stockholm and London. More information is available at: www.innometrics.com Media contact Martha de Monclin Bijou PR Tel: 0777 168 2434 Email: firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of Bijou PR - Martha Thierion de Monclin in the following categories: Business & Finance, Media & Marketing, Retail & Fashion, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.