The Art of Using Data into Perfection
Sujith Vasudevan, Managing Editor, 0
Over the past decade, demand generation has undergone a paradigm shift. Gone are the days when demand generation professionals worked off assumptions or gut feelings. Today, marketers and Chief Business Officers (CBOs)turn to the most reliable source of information: Customer data. By now, we all know that Data helps to gain better clarity about the target audience and equips CBOs with the ability to build stronger connections with potential customers.
Most importantly, when the entire consumer market demands unique experiences with every transaction, CBOs can devise and offer personalized suggestions relevant to them. This leads to higher conversion rates, greater customer loyalty, more new customers, increased customer satisfaction, and more. However, the challenges are equal to it. Having a large number of data sources at your disposal makes pulling the relevant data together an arduous challenge. None theless, investing in an in-house data team would be an excellent place to start. In this issue, we have gathered a few stories about some of the excellent CBOs around the world. Do let us know your thoughts.
Most importantly, when the entire consumer market demands unique experiences with every transaction, CBOs can devise and offer personalized suggestions relevant to them. This leads to higher conversion rates, greater customer loyalty, more new customers, increased customer satisfaction, and more. However, the challenges are equal to it. Having a large number of data sources at your disposal makes pulling the relevant data together an arduous challenge. None theless, investing in an in-house data team would be an excellent place to start. In this issue, we have gathered a few stories about some of the excellent CBOs around the world. Do let us know your thoughts.