Personalization is now essential, but can involve significant time and effort. Auto Personalization can offer a shortcut to achieving the personalized experiences customers expect.
Classic marketing canon holds that the four pillars of marketing strategy — better known as the 4 Ps — are product, price, place, and promotion. And while this quartet certainly continues to be important, there is a new member of the group that has grabbed the mic and become the unchallenged leader: personalization.
On today’s hyper-competitive and fragmented landscape, the power of personalization cannot be underestimated. Consider these eye-opening statistics, which clearly illustrate how truly impactful personalization is on customer experience:
And on the flipside, for the glass-half-empty folks among us, here are some of the chilling consequences of failing to deliver personalization:
The Challenges of Delivering Personalized Content
Personalization is essential instead of optional, and in a growing proportion of customer engagements it is more vital than anything else — including product, price, place, and promotion. And so in light of this, why are not all organizations reaping the rewards of delivering personalized content?
There are several reasons why organizations, despite their intentions, efforts, and investments, are struggling rather than succeeding in this area. These challenges can include any or all of the following:
- It is time consuming to set up sophisticated user segments (i.e. personas), which are then used to target and distribute content accordingly.
- Getting started can be tedious because various personalized content platforms are excessively (and frankly, needlessly) complex, and many of the platforms have prohibitively high minimum traffic requirements.
- There is no functional or practical way to clearly evaluate ROI and determine the value of personalization — which means marketers have to use qualitative instead of quantitative metrics to try and get more budget and resources (pro tip: CEOs and CMOs want quantitative metrics).
- Organizations lack the in-house expertise they need to drive personalization strategies and implementation, and recruiting or training are both time consuming and costly.
- Marketers are concerned that they will lose the “human element” on two levels: 1) they worry about being controlled by the technology vs. being in control of it, and 2) they worry that too much personalization will backfire if customers perceive that their every move is being scrutinized.
JOIN OUR NETWORKING EVENT
Pivoting Your Personalization in Times of Market Change
Are you a CMO or similar senior marketing leader looking to enhance your personalization efforts? If you’re also in the Nordics region, CEO.digital may be able to help.
At our virtual networking event for Marketing and Digital leaders on 27th April 2021, join like-minded experts within the CX space to discuss how to build a future-proof personalisation strategy. We’ll share real brand examples of personalisation success and show you how they do it. Together, we’ll help you realign your marketing and digital efforts to create a foundation for growth.
Tuesday 27th April | 8.45 – 10.15am CET | ONLINE
The Solution: Auto Personalization
The bad news is that despite what has been promised in TV commercials, alas there is no handy smartphone app that will instantly and effortlessly help organizations overcome these challenges. However, the good news is that the next best thing is now available, and it is called Auto Personalization.
Auto Personalization leverages artificial intelligence (AI) to transform the goal of delivering personalized content from a costly and tedious ordeal, into a powerful and ongoing competitive advantage. This is because Auto Personalization:
- Uses machine learning to identify and categorize user groups, which means that marketers do not have to spend weeks or months struggling to do this. Everything is handled automatically on the back-end, and new data optimizes various personas (i.e. the personalization program gets smarter and better through use).
- Is refreshingly easy to use with intuitive tools and logical workflows.
- Accelerates time to market (TTM). This is an enormous benefit, considering that 79% of organizations miss their intended launch date for new products.
- Enables marketers to select the most relevant metrics and KPIs, so they can rapidly evaluate time to value and justify ongoing investments using (*insert triumphant horn sound here*) quantitative numbers.
- Retains the all-important human factor: marketing teams are liberated from mundane and repeatable tasks, and customers don’t feel as if organizations have hit the wayback-playback button and started crooning “Every breath you take, I’ll be watching you.”
Personalization is essential instead of optional, and in a growing proportion of customer engagements it is more vital than anything else.
Product Marketing Director, Sitecore
Striving Versus Struggling
There is no point in waiting for the “Personalization Era” to arrive: it is already here. Organizations in both the B2B and B2C spaces that implement Auto Personalization will lead the way when it comes to attracting, engaging and onboarding customers, and cultivating them into loyal, enthusiastic brand ambassadors. Conversely, organizations that overlook or ignore Auto Personalization will find themselves struggling to compete — and sooner or later, to survive.
Bring Auto Personalization to Your Organization
Sitecore AI empowers your organization to deliver on the promise of personalization at scale by fast tracking time-to-value, and significantly reducing manual efforts. In addition, Sitecore AI runs completely in the cloud and there is zero on-premises footprint. Plus, there are no minimum traffic requirements, so marketers can start slow and dial up the velocity as they deem fit.
Magnifying the power of the Sitecore Experience Platform™ and Sitecore Content Hub™, Sitecore AI is Auto Personalization simplified and amplified. Learn More.
About Our Guest Writer
Product Marketing Director, Sitecore
As Product Marketing Director, Jill is responsible for helping to bring products from concept to commercialization – communicating feature value and use cases for Sitecore’s core platform. She is an experienced strategist and marketer, with previous roles at Verndale, Genuine, and Brainjocks, where she helped to ensure customer needs were met by ensuring clients aligned on digital strategies that supported business KPIs. Jill is passionate about personalization, user research, user segmentation, strategic road mapping, and much more.