When businesses connect with their consumers’ emotions, the payback may be enormous. Consider the following examples: Following the introduction of a credit card designed specifically for Millennials, utilisation increased by 70%, and new account growth increased by 40%. A prominent home cleaner transformed market share losses into double-digit growth within
The Critical Measures Necessary To Develop A Sustainable Growth Strategy
If your business is growing quicker than you expected – good for you. Do you have a growth strategy in place? Given the fact that a mere 56% of startups survive their first five years of operation, regardless of your niche or sector, if your business is thriving, you could
Organization’s Key to Growth: Define, Design, And Deliver Purpose-Led Experiences To Your Consumer
Growth strategies that are purpose-led, customer-centric, experience-driven, data/AI-enabled, and technology-scaled require new mindsets far more than new toolsets or skillsets. This transformation – of culture, operations, and outcomes – begins with a broader consideration of three levels of customer purpose. First, big-P purpose describes the company’s role in the world.
Edge Computing: 4 Use Cases Driven By IoT Growth
Data is the lifeblood of our economy today. It helps businesses in every single industry provide better, more personalized experiences for their customers. And with the IoT, we are creating data at unprecedented rates. However, there are a few challenges to IoT data storage and consumption that many large enterprises
Growth And Technology Advancements In The Customer Data Platform [CDP] Continues
While many industries experienced downturns in 2020, CDP growth is booming-for lots of reasons. In the midst of a pandemic, it’s even more important to businesses to use their data intelligently and efficiently. CDPs help them do that by pulling fragmented data from multiple sources into one organized, central location.
Direct-To-Consumer (DTC) Brand Growth Will Boost Social Ad Spending
The success of DTC companies stems from their development of improved approaches for connecting with their customers, as demonstrated by two new Forrester reports: “Changing Expectations Fuel Direct-To-Consumer Disruption” and “To Adapt To Direct-To-Consumer Trends, Use A Direct-To-Value Strategy.” These approaches are part of what Forrester calls a “direct-to-value (DTV)” strategy.