New research from Adobe, in partnership with Econsultancy, has found that delivering first-class, personalised customer experiences (CX) is top of mind for businesses in 2019, however the implementation of marketing and CX technology continues to be fragmented.
The “Digital Intelligence Briefing: 2019 Digital Trends” provides insights into the current state of digital trends that will impact companies in the year ahead.
CX is key, but implementation is slow
Customer experience optimization is a top priority for businesses in 2019, with nearly one-fifth (19%) of respondents citing it as the most exciting opportunity this year. However, more than half (54%) of global companies categorize their CX maturity as either ‘not very advanced’ (46%) or ‘immature’ (8%). US Organizations are most likely to regard their customer experience as ‘very advanced’ (15), while just 9% of APAC respondents described their companies in that way.
“With CX taking precedence as a key business driver, personalization will be the fuel powering the experience wave across sectors. What’s needed of businesses to scale the next summit in terms of harnessing the power of experiences will an incessant focus on driving innovation in order to deliver delight to their customers in their interactions across the engagement cycle,” said, Sunder Madakshira, Head of Marketing, Adobe India
Personalization will remain an area of focus for Organizations looking to provide an advanced customer experience. According to Adobe’s report, two in five (44%) marketers said the biggest challenge they face this year is ‘difficulty getting a holistic view of customers across all interactions’. In fact, almost one-third (31%) of marketers see a ‘lack of marketing technology integration’ as a barrier to securing an end-to-end view of audience and customer interactions.
As CX continues to be a key competitive differentiator, businesses are aiming to deliver data-driven, personalised marketing at scale. Among marketers (32%), ‘delivering personalised experiences in real time’ remains by far the most exciting prospect within the next three years.
Better use of data in 2019
Adobe’s 2019 Digital Trends report also revealed that most businesses globally are yet to implement effective, future-proof marketing and CX technologies. The majority (64%) of organizations are either basing their marketing activities on a ‘fragmented approach with inconsistent integration between technologies’ (46%) or have ‘little or no cloud technology’ (18%). While this is an improvement on the 67% revealed in last year’s Adobe report, it still means that only a minority of businesses are reaping the benefits of an effective toolset.
Results show that less than 1 in 10 businesses globally (9%) have a ‘highly integrated, cloud-based technology stack’ While adoption rates of integrated technology stacks remain low, there is an urgency to implement these tools. More than half (55%) of all respondents expect ‘better use of data for more effective audience segmentation and targeting’ to be among the top three marketing-related areas jumping furthest up their organization’s priority list in 2019.
As for artificial intelligence (AI) and machine learning (ML), organizations worldwide seem evenly split between those that have already recognised ways these technologies can help their businesses and those that have yet to identify the benefits. Data revealed that 50% of respondents are ‘already using’ or are ‘planning to invest’ in AI and ML.
Executives in APAC seem positive about automation, with only 24% describing themselves as ‘cautious’, compared with 34% in the US. Further to that, APAC businesses (24%) state they have experienced a positive rather than negative impact from the increased focus on consumer data protection.
Sunder added, “Solutions which have their foundation in data and are rooted in cutting edge, new age technologies are fast becoming the preferred choices of brands to enhance their efforts in advancing customer experiences. However, the implementation of the same needs to more uniform and all-encompassing covering the entire customer journey across touchpoints.”