great customer experiences start with great customer data
TRANSCRIPT
Great Customer ExperiencesStart with Great Customer Data
By 2020, customer experience will overtake price & product as the key brand differentiator
1
What’s the cost of not competing on experience?
U.S. businesses lose an estimated $83 billion in sales annually due to poor customer experiences.2
Customers want a consistent customer experience from your marketing, sales, and customer service teams. But many businesses
have dif�culty delivering this because of fragmented and inconsistent customer information across systems.
Without a robust enterprise data ‘value chain’, 80% of your customer data will be wasted.
8
Our average customers struggled with:
How to future-proof your customer centric strategies & strategically manage your trusted customer pro�les
Are you customer ready?
It’s time to rethink how you manage, validate, and share your customer data
Our average customers achieve these results:
Your ability to deliver great customer experiences is limited when your customer data is fragmented,
inconsistent and disconnected.
To deliver great customer experiences, you need to fuel marketing, sales and customer service applications and analytics with a Next-Gen Customer360 View
that’s based on clean and connected customer data from across the business.
360º
Some of the information represented here are examples of what we at Informatica have seen in our projects with companies that are implementing a Total Customer Relationship solution.
1 By 2020, customer experience will overtake price and product as the key brand differentiator. http://www.walkerinfo.com/customers2020/
2 US Businesses lose an estimated $83 Billion in sales annually due to poor customer experiences. http://www.customerexperienceboard.org/resources/facts
3 Ninety-one (91%) of dissatis�ed customers will not do business with a brand that failed to meet their expectations. http://customerthink.com/10-need-to-know-customer-dissatisfaction-stats/
4 On average, loyal customers are worth around 10x the value of their �rst order. http://customerthink.com/a_ton_of_scary_custexp_quotes_and_stats/
5 Marketing departments in large companies use an average of 65 different applications. http://www.forbes.com/sites/benkepes/2014/07/31/latest-enterprise-application-use-survey- results-more-use-more-risk/
6 50% of sales development organizations leverage 5 or more technology applications. http://blog.topohq.com/11-sales-development-strategies-for-high-growth-companies/#sthash.u OMb0HOp.dpuf
7 86% of call center agents access >3 applications to help a customer. http://www.callcentrehelper.com/poll-how-many-applications-do-your-agents-need-to-help-a- customer-38310.htm
8 80% of customer data will be wasted due to immature enterprise data "value chains." http://www.customerexperienceboard.org/resources/facts
Ninety-one (91%) of dissatis�ed customers will not do business with a brand that failed to meet
their expectation.3
On average, loyal customers are worth around 10x the value of their �rst order. 4
siloed customer information systems
of contacts with wrong postal address
($50M dollars in wasted mail costs)
duplicate customer records
of accounts inactive a week per employee to mitigate data issues
20-30 40% 40-50%
40% 12 hours
i
10x
Marketing departments in large companies use an average of 65
different applications.5
apps in marketing
65
50% of sales development organizations leverage
5+ technology applications.6
apps in sales
5
86% of call center agents access >3 applications to
help a customer.7
apps in customer service
3
1 2 3 4 5 6 7
Locate the systems across your business that have
critical customer data
Correct inaccuracies, �x incomplete �elds and
standardize your data
Identify duplicates and consolidate into a single,
trusted customer pro�le
Validate customer contact data so you can
reach your customers
Enrich pro�les with 3rd party demographic, �rmographic,
social and market data
Discover relationships between your customers and the people,
places and things that matter most
Deliver trusted and relevant information to the people, processes
and applications that need it
Great data
Great customer experience
91%
increased spend from loyalty members
boost in marketing campaign effectiveness
improved lead to opportunity conversion rates
improved in cross-sell and up-sell success