This document discusses new ways for organizations to understand and improve the customer experience. It outlines three key capabilities needed: analyzing customer behavior to understand root causes of issues, visualizing customer journeys across channels, and easily pivoting between different analytics types. The document also discusses challenges like fragmented data, siloed tools and departments. It proposes that a unified analytics solution is needed to provide a holistic view of the customer experience.
How Simplify360 helps in Providing Banking Solutions Simplify360
Banking is one industry which needs to maintain a constant contact with their customers. Social Media in such a case is extremely useful. It provides access to a huge customer base aggregated in a single place.
Simplify360, helps banks listen to what the customers are talking and where, to make sure the company keeps their communication on a constant check. Here's how it is done.
Engagement Analytics and the right platform for next best action makes for a compelling experience across channels. Regardless of CMS, CRM or MAP systems you have in place Thunderhead is a great way to bring together a unified understanding of your customer journey.
4 proven ways to optimize the customer journeygroupfio1
Hearing a lot about optimizing your customer journey but not sure how to make that happen? Here's a tip: it starts and ends with data, and it's not how much data you have, but how you use it.
Our latest blog gives you some solid tips to start you on the right road to boosting your journey. Find out more here: https://www.groupfio.com/4-proven-ways-to-optimize-the-customer-journey/
Why true digital transformation must take place across the entire banking ent...Epsilon Marketing
In the global omnichannel world we live in today, financial institutions are hindered by their disparate and siloed systems.
The rise of online banking has produced a massive shift in the way people engage with their money, bill paying, and most importantly, their banks. Today’s consumer is connected more or less 7x24x365 via mobile devices and WiFi in their cars. Banking and insurance companies are struggling to shape their online and digital engagement to match the expectations and desires of the consumers. They need to transform so that they can better understand their consumers.
With this focus on digital transformation, the financial institutions must focus on producing an enterprise-wide solution that enables the business to find, engage, convert, cultivate and expand their relationships efficiently.
Join us as we explain how organizations are successfully transitioning to enterprise-wide digital transformation.
B2B is the most loved approach to reach the consumer and cost effective too. B2B is very tough on the other side wherein the challenges to benchmark against the competitor product or service remains. This presentation has been developed keeping in mind the cost and analytics to keep the consumer come back for repeat orders.
How Simplify360 helps in Providing Banking Solutions Simplify360
Banking is one industry which needs to maintain a constant contact with their customers. Social Media in such a case is extremely useful. It provides access to a huge customer base aggregated in a single place.
Simplify360, helps banks listen to what the customers are talking and where, to make sure the company keeps their communication on a constant check. Here's how it is done.
Engagement Analytics and the right platform for next best action makes for a compelling experience across channels. Regardless of CMS, CRM or MAP systems you have in place Thunderhead is a great way to bring together a unified understanding of your customer journey.
4 proven ways to optimize the customer journeygroupfio1
Hearing a lot about optimizing your customer journey but not sure how to make that happen? Here's a tip: it starts and ends with data, and it's not how much data you have, but how you use it.
Our latest blog gives you some solid tips to start you on the right road to boosting your journey. Find out more here: https://www.groupfio.com/4-proven-ways-to-optimize-the-customer-journey/
Why true digital transformation must take place across the entire banking ent...Epsilon Marketing
In the global omnichannel world we live in today, financial institutions are hindered by their disparate and siloed systems.
The rise of online banking has produced a massive shift in the way people engage with their money, bill paying, and most importantly, their banks. Today’s consumer is connected more or less 7x24x365 via mobile devices and WiFi in their cars. Banking and insurance companies are struggling to shape their online and digital engagement to match the expectations and desires of the consumers. They need to transform so that they can better understand their consumers.
With this focus on digital transformation, the financial institutions must focus on producing an enterprise-wide solution that enables the business to find, engage, convert, cultivate and expand their relationships efficiently.
Join us as we explain how organizations are successfully transitioning to enterprise-wide digital transformation.
B2B is the most loved approach to reach the consumer and cost effective too. B2B is very tough on the other side wherein the challenges to benchmark against the competitor product or service remains. This presentation has been developed keeping in mind the cost and analytics to keep the consumer come back for repeat orders.
White paper - Customer Experience TransformationPablo Junco
This white paper highlights the business value of customer experience as a differentiator and explores three critical enablers to guide organizations embarking on the transformation journey.
Creating loyal omnichannel customers is critical. Retailers who embrace the customer-centric trend and build better shopping experiences will leap ahead of the competition.
Building a blended customer experience isn't easy. Need some help getting started? Check out our latest in retail trend research.
Top ten tips for implementing Website PersonalisationRedEye
Take a read of the presentation our CRO Director gave at the Festival of Marketing 2017 on the top 10 tips to help you implement Website Personalisation.
Best Metrics to Optimize B2B Demand GenFrankAliyar
B2B marketers who need to do more than simply create brand awareness through outbound marketing have adopted Account-Based Marketing (ABM) in order to focus on key accounts. Successful ABM campaigns can produce highly qualified, valuable prospects.
Afinium White Paper - It's All About the Customer June 2014Afinium
Customer centricity os often talked about but rarely implemented. What is it, what does it mean, why is it essential, how can cloud technology help you achieve it?
To succeed companies should extend their visions of the customer journey beyond the front-end experience and take a deep dive through all major processes that touch the customer such as order-to-cash, availability-to-promise, plan-to-manufacture, overall supply-chain management as well as the underlying technology architecture.
Today’s customers aren’t interested in just buying products or services. They buy experiences. The best companies build communities to create relationships with customers that extend long after their initial purchase.
Best Metrics to Optimize B2B Demand GenAsad Haroon
B2B marketers who need to do more than simply create brand awareness through outbound marketing have adopted Account Based Marketing (ABM) in order to focus on key accounts. Successful ABM campaigns can produce highly qualified, valuable prospects.
The Customer Experience: The Holly Grail of Competitive AdvantageDan Polito
Providing a great customer experience has emerged as the holy grail of competitive advantage, as traditional sources such as price or product differentiation become less sustainable. In an age of accelerated information flows, traditional sources of differentiation such as price and product differentiation erode rapidly, leaving customer service as the last sustainable source of competitive advantage. This challenges customer-facing departments to step up their game.
Still trying to woo customers to your online store? With PNA's E-commerce Data Analytics, you can find out how to bring in customers and turn them into repeat shoppers.
Cracking the Code on Insurance Company Customer LoyaltyCalabrio
It’s no longer simply about answering phones. As today’s insurance companies increasingly move toward direct-to-consumer distribution models, smart contact center leaders know the immense value they provide to their organization.
But how can they continually prove the contact center’s value to their company? And how can they use key voice of the customer data to unlock critical insights? More importantly, how can they use these insights to drive business success?
This SlideShare is a must-read for any insurance company focused on solving challenges facing insurers, improving the customer experience and making the contact center count.
Today there is a lot of buzz around customer experience. Many companies have realized that investments in customer experience improvement is important not just because it helps to boost the bottom lines of their businesses but because it takes at least 4 to 6 times more cost to acquire a new customer than to retain an existing customer.
A Framework for Digital Business TransformationCognizant
By embracing Code Halo thinking and a programmatic approach to business process change, organizations can better engage with customers and deliver mass-customized products and services that drive differentiation and outperformance.
5 Steps to Apply Deloitte’s Customer Service Delivery Model in SaaSQuekelsBaro
Use the 5 steps given in this article to reform your customer service delivery model. Apply Deloitte's five new capabilities to mitigate market disruptions.
Transforming the Digital Experience Via Customer Journey MappingRocketSource
As the modern consumer's expectations of a sublime digital experience increase, so does the need for a new customer journey map. In this post, I unveil the Customer Insights Map, which makes the traditional exercise of customer journey mapping more intelligent by answering the nuances of today's buyers, leveraging machine learning, artificial intelligence, and path-to-purchase analytics to boost the lifetime value of customers.
White paper - Customer Experience TransformationPablo Junco
This white paper highlights the business value of customer experience as a differentiator and explores three critical enablers to guide organizations embarking on the transformation journey.
Creating loyal omnichannel customers is critical. Retailers who embrace the customer-centric trend and build better shopping experiences will leap ahead of the competition.
Building a blended customer experience isn't easy. Need some help getting started? Check out our latest in retail trend research.
Top ten tips for implementing Website PersonalisationRedEye
Take a read of the presentation our CRO Director gave at the Festival of Marketing 2017 on the top 10 tips to help you implement Website Personalisation.
Best Metrics to Optimize B2B Demand GenFrankAliyar
B2B marketers who need to do more than simply create brand awareness through outbound marketing have adopted Account-Based Marketing (ABM) in order to focus on key accounts. Successful ABM campaigns can produce highly qualified, valuable prospects.
Afinium White Paper - It's All About the Customer June 2014Afinium
Customer centricity os often talked about but rarely implemented. What is it, what does it mean, why is it essential, how can cloud technology help you achieve it?
To succeed companies should extend their visions of the customer journey beyond the front-end experience and take a deep dive through all major processes that touch the customer such as order-to-cash, availability-to-promise, plan-to-manufacture, overall supply-chain management as well as the underlying technology architecture.
Today’s customers aren’t interested in just buying products or services. They buy experiences. The best companies build communities to create relationships with customers that extend long after their initial purchase.
Best Metrics to Optimize B2B Demand GenAsad Haroon
B2B marketers who need to do more than simply create brand awareness through outbound marketing have adopted Account Based Marketing (ABM) in order to focus on key accounts. Successful ABM campaigns can produce highly qualified, valuable prospects.
The Customer Experience: The Holly Grail of Competitive AdvantageDan Polito
Providing a great customer experience has emerged as the holy grail of competitive advantage, as traditional sources such as price or product differentiation become less sustainable. In an age of accelerated information flows, traditional sources of differentiation such as price and product differentiation erode rapidly, leaving customer service as the last sustainable source of competitive advantage. This challenges customer-facing departments to step up their game.
Still trying to woo customers to your online store? With PNA's E-commerce Data Analytics, you can find out how to bring in customers and turn them into repeat shoppers.
Cracking the Code on Insurance Company Customer LoyaltyCalabrio
It’s no longer simply about answering phones. As today’s insurance companies increasingly move toward direct-to-consumer distribution models, smart contact center leaders know the immense value they provide to their organization.
But how can they continually prove the contact center’s value to their company? And how can they use key voice of the customer data to unlock critical insights? More importantly, how can they use these insights to drive business success?
This SlideShare is a must-read for any insurance company focused on solving challenges facing insurers, improving the customer experience and making the contact center count.
Today there is a lot of buzz around customer experience. Many companies have realized that investments in customer experience improvement is important not just because it helps to boost the bottom lines of their businesses but because it takes at least 4 to 6 times more cost to acquire a new customer than to retain an existing customer.
A Framework for Digital Business TransformationCognizant
By embracing Code Halo thinking and a programmatic approach to business process change, organizations can better engage with customers and deliver mass-customized products and services that drive differentiation and outperformance.
5 Steps to Apply Deloitte’s Customer Service Delivery Model in SaaSQuekelsBaro
Use the 5 steps given in this article to reform your customer service delivery model. Apply Deloitte's five new capabilities to mitigate market disruptions.
Transforming the Digital Experience Via Customer Journey MappingRocketSource
As the modern consumer's expectations of a sublime digital experience increase, so does the need for a new customer journey map. In this post, I unveil the Customer Insights Map, which makes the traditional exercise of customer journey mapping more intelligent by answering the nuances of today's buyers, leveraging machine learning, artificial intelligence, and path-to-purchase analytics to boost the lifetime value of customers.
Commerceblend helps you to scale up your personalization. Create a personalized web experience for customers become more and more important to increase engagement rate and conversion rate with us.
There is no better way to build and grow your business than by connecting with your customer base at a deeper level to understand how you can serve them better. AI-powered customer experience intelligence tools can help you achieve this goal, and more importantly, in an efficient and cost-effective manner. This article tells you how you can get actionable insights by using voice of the customer sentiment analysis to understand how customers feel about your brand, products, or service.
AI & Data Analytics: 3 Ways They Can Improve Customer Experience And EngagementQuekelsBaro
Analytics, data, and AI have the potential to enrich marketers’ understanding of their customers’ experiences in order to deliver meaningful, relevant experiences in the future.
Why Your Best Salesperson May Be a Customer Support RepCognizant
Using rich data, powerful analytics and integrated toolsets, support organizations in the communications and technology industry can achieve a real-time understanding of customer challenges, enabling them to convert troubleshooting exercises into rewarding experiences and convert customers into brand ambassadors.
5 ways to boost customer loyalty using data analyticsgroupfio1
Great customer experiences lead to higher retention rates, increased brand loyalty, and bigger customer lifetime value (CLV). Improving customer experiences can seem like a straightforward task, but unless you base new tactics and strategies on tools like zero-party data, you might be putting in effort and resources in the wrong places.
So, what are some RIGHT ways to use data analytics to improve customer loyalty? Here’s 5 ideas to help you get started building that data-driven competitive edge.
https://www.groupfio.com/5-ways-to-boostcustomer-loyalty-using-data-analytics/
Predictive data science will soon be a widespread strategy for business of all sizes.This guide contains the 7 most important action items that can give you clearer guidance about the tools.
The big story behind your big data: Six Practices for Making an Impact with T...Joachim B. Lyon
Text analytics is a powerful technology for drawing out compelling stories and deep insights from millions of customer comments. This study of strategic practices in 12 innovative companies show how customer experience (CX) professionals are using text analytics to change the way they work -- leveraging the customer’s voice to drive innovation and change, and becoming strategic business partners within their organizations.
E-commerce (also written as e-Commerce, eCommerce or similar variants), short for
electronic commerce, is trading in products or services using computer networks, such
as the Internet. Electronic commerce draws on technologies such as mobile commerce,
electronic funds transfer, supply chain management, Internet marketing, online
transaction processing, electronic data interchange (EDI), inventory management
systems, and automated data collection systems. Modern electronic commerce
typically uses the World Wide Web for at least one part of the transaction's life cycle,
although it may also use other technologies such as e-mail.
The Transformative Role of Data Analysis in Enhancing Customer Experience.pdfSoumodeep Nanee Kundu
In today's highly competitive business landscape, delivering an exceptional customer experience is no longer a luxury; it's a necessity. Customer expectations have risen to unprecedented levels, and companies that prioritize and enhance the customer experience gain a significant edge. One of the most potent tools for achieving this is data analysis. In this comprehensive exploration, we will delve into how data analysis can be harnessed to improve customer experience, from understanding customer needs to tailoring personalized experiences and optimizing business processes.
E-commerce Banks On Artificial Intelligence For Better Decision AbilityeTailing India
The company is working on an artificial intelligence (AI) solution that will give it an edge over rivals by helping it make smarter decisions in ordering, distribution and pricing products on its platform. Ultimately, the AI system will allow Flipkart to boost efficiency and reduce the cost of products for customers.
“We are trying to predict how many units of what we will sell. This is a very complex thing that is dependent on a variety of inputs such as price, discount or if an event, such as Diwali or Christmas is coming up,” said KrishnenduChaudhury, principal scientist and head of image sciences at Flipkart.
Companies today need to drive performance from every aspect
of their IT investments. Find out how skills drive performance
results and how IBM is building skills for a smarter planet in
partnership with IBM Global Training Providers
Computing, cognition and the future of knowing,. by IBMVirginia Fernandez
How humans and machines are forging a new age of understanding.
-The history of computing and the rise of cognitive
-The world’s first cognitive system.
-The technical path forward and the science of what’s possible
-Implications and obligations for the advance of cognitive science.
-Paving the way for the next generation of human cognition.
Transport has a major impact on the quality of life in a city, its environment and the economy. Transport Authorities globally are facing similar strategic challenges around worsening congestion, insufficient transport infrastructure, affordability constraints, increasing emissions and growing customer needs...
IBM Cognos Analytics - Aumente la inteligencia de toda su empresaVirginia Fernandez
IBM Cognos Analytics: La única plataforma que necesita su negocio!:
Benefíciese del autoservicio inteligente
Tome decisiones con confianza
Transforme su negocio gracias a la generalización de la analítica
Bienvenido a la era de la Seguridad Cognitiva.
IBM Security Summit 2016 es el evento de referencia de la seguridad que mostrará cómo adelantarse a las amenazas de colaboración, cloud, y las capacidades cognitivas.
21 de Septiembre, IBM Client Center Madrid.
A Bluemix offering built on open-source Docker technology.
Containers technology originated over 20 years ago with web-hosting vendors seeking to optimize the density of websites residing on each server in a datacenter. IBM, Sun, Google made key contributions to those early iterations. More recently, by isolating an application and its dependencies inside a container, Rocket and Cloud Foundry have evolved standards for working with containers within cloud infrastructure. And Dockerhas eliminated the issues that previously resulted in a containerized application working in one environment but not another.
In the context the IBM partnership with Docker, this document provides an overview of IBM Containers as an enterprise-ready solution for using Docker containers.
With more than six billion mobile devices on the planet, digital
marketers are challenged with not only delivering perfectly timed mobile-optimized emails, but they should also consider how to strategically incorporate SMS and even mobile apps into the communication mix. IBM has an ever-growing mobile solution suite that helps make integrating mobile with your other digital channels easy and effective.
Movilidad, Social Business, Big Data y Cloud: principales tendencias tecnológicas que influyen en la competitividad. DevOps permite la entrega continua de innovación promovida por el software, estimulando estas iniciativas y su capacidad de competir en el mercado.
- > 25% de las empresas aprovechan la entrega de software para obtener ventaja competitiva.
- 69% De las empresas que utiliza la entrega de software de forma eficiente supera a sus competidores
Mas informacion: http://www.ibm.com/cloud-computing/es/es/landing/cloud-bluemix.html
IBM Exceptional Digital Experiences . Would you like to deliver a distinctive experience? Target your customer? Understand their needs and behavior?
Discover IBM ExperienceOne for E-commerce and engage online with your customers.
Enhance and accelerate your path to digital innovation and transformation with IBM Cloud. Develop a roadmap to get started with cloud and incorporate best practices from other organizations just like yours.
Explore, analyze and interpret information for better business outcomes
IBM Watson Explorer is a cognitive exploration solution that combines search and content analytics with unique cognitive
computing capabilities to help users find and understand the information they need to work more efficiently and make better, more confident decisions.
To learn more about IBM Watson Explorer visit ibm.biz/watsonexplorer.
Explore our comprehensive data analysis project presentation on predicting product ad campaign performance. Learn how data-driven insights can optimize your marketing strategies and enhance campaign effectiveness. Perfect for professionals and students looking to understand the power of data analysis in advertising. for more details visit: https://bostoninstituteofanalytics.org/data-science-and-artificial-intelligence/
Adjusting primitives for graph : SHORT REPORT / NOTESSubhajit Sahu
Graph algorithms, like PageRank Compressed Sparse Row (CSR) is an adjacency-list based graph representation that is
Multiply with different modes (map)
1. Performance of sequential execution based vs OpenMP based vector multiply.
2. Comparing various launch configs for CUDA based vector multiply.
Sum with different storage types (reduce)
1. Performance of vector element sum using float vs bfloat16 as the storage type.
Sum with different modes (reduce)
1. Performance of sequential execution based vs OpenMP based vector element sum.
2. Performance of memcpy vs in-place based CUDA based vector element sum.
3. Comparing various launch configs for CUDA based vector element sum (memcpy).
4. Comparing various launch configs for CUDA based vector element sum (in-place).
Sum with in-place strategies of CUDA mode (reduce)
1. Comparing various launch configs for CUDA based vector element sum (in-place).
Show drafts
volume_up
Empowering the Data Analytics Ecosystem: A Laser Focus on Value
The data analytics ecosystem thrives when every component functions at its peak, unlocking the true potential of data. Here's a laser focus on key areas for an empowered ecosystem:
1. Democratize Access, Not Data:
Granular Access Controls: Provide users with self-service tools tailored to their specific needs, preventing data overload and misuse.
Data Catalogs: Implement robust data catalogs for easy discovery and understanding of available data sources.
2. Foster Collaboration with Clear Roles:
Data Mesh Architecture: Break down data silos by creating a distributed data ownership model with clear ownership and responsibilities.
Collaborative Workspaces: Utilize interactive platforms where data scientists, analysts, and domain experts can work seamlessly together.
3. Leverage Advanced Analytics Strategically:
AI-powered Automation: Automate repetitive tasks like data cleaning and feature engineering, freeing up data talent for higher-level analysis.
Right-Tool Selection: Strategically choose the most effective advanced analytics techniques (e.g., AI, ML) based on specific business problems.
4. Prioritize Data Quality with Automation:
Automated Data Validation: Implement automated data quality checks to identify and rectify errors at the source, minimizing downstream issues.
Data Lineage Tracking: Track the flow of data throughout the ecosystem, ensuring transparency and facilitating root cause analysis for errors.
5. Cultivate a Data-Driven Mindset:
Metrics-Driven Performance Management: Align KPIs and performance metrics with data-driven insights to ensure actionable decision making.
Data Storytelling Workshops: Equip stakeholders with the skills to translate complex data findings into compelling narratives that drive action.
Benefits of a Precise Ecosystem:
Sharpened Focus: Precise access and clear roles ensure everyone works with the most relevant data, maximizing efficiency.
Actionable Insights: Strategic analytics and automated quality checks lead to more reliable and actionable data insights.
Continuous Improvement: Data-driven performance management fosters a culture of learning and continuous improvement.
Sustainable Growth: Empowered by data, organizations can make informed decisions to drive sustainable growth and innovation.
By focusing on these precise actions, organizations can create an empowered data analytics ecosystem that delivers real value by driving data-driven decisions and maximizing the return on their data investment.
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...Subhajit Sahu
Abstract — Levelwise PageRank is an alternative method of PageRank computation which decomposes the input graph into a directed acyclic block-graph of strongly connected components, and processes them in topological order, one level at a time. This enables calculation for ranks in a distributed fashion without per-iteration communication, unlike the standard method where all vertices are processed in each iteration. It however comes with a precondition of the absence of dead ends in the input graph. Here, the native non-distributed performance of Levelwise PageRank was compared against Monolithic PageRank on a CPU as well as a GPU. To ensure a fair comparison, Monolithic PageRank was also performed on a graph where vertices were split by components. Results indicate that Levelwise PageRank is about as fast as Monolithic PageRank on the CPU, but quite a bit slower on the GPU. Slowdown on the GPU is likely caused by a large submission of small workloads, and expected to be non-issue when the computation is performed on massive graphs.
As Europe's leading economic powerhouse and the fourth-largest hashtag#economy globally, Germany stands at the forefront of innovation and industrial might. Renowned for its precision engineering and high-tech sectors, Germany's economic structure is heavily supported by a robust service industry, accounting for approximately 68% of its GDP. This economic clout and strategic geopolitical stance position Germany as a focal point in the global cyber threat landscape.
In the face of escalating global tensions, particularly those emanating from geopolitical disputes with nations like hashtag#Russia and hashtag#China, hashtag#Germany has witnessed a significant uptick in targeted cyber operations. Our analysis indicates a marked increase in hashtag#cyberattack sophistication aimed at critical infrastructure and key industrial sectors. These attacks range from ransomware campaigns to hashtag#AdvancedPersistentThreats (hashtag#APTs), threatening national security and business integrity.
🔑 Key findings include:
🔍 Increased frequency and complexity of cyber threats.
🔍 Escalation of state-sponsored and criminally motivated cyber operations.
🔍 Active dark web exchanges of malicious tools and tactics.
Our comprehensive report delves into these challenges, using a blend of open-source and proprietary data collection techniques. By monitoring activity on critical networks and analyzing attack patterns, our team provides a detailed overview of the threats facing German entities.
This report aims to equip stakeholders across public and private sectors with the knowledge to enhance their defensive strategies, reduce exposure to cyber risks, and reinforce Germany's resilience against cyber threats.
3 New ways to Improve and Understand your Customers Experience
1. Thought Leadership White Paper
IBM Commerce IBM Customer Analytics
Three New Ways to
Understand and Improve
Your Customers’
Experience
Insight into customers’ journeys drives meaningful
engagements and revenue
Introduction
Today’s customers expect brands to know them and to anticipate what
they want—and when they need it. They expect positive experiences and
personalized service on demand wherever and whenever they interact
with an organization.
But with interactions taking place across multiple channels,
applications and devices, it is not easy for organizations to connect
the data dots of a customer’s journey. Seeing the whole picture of
customer experience trends can pose a challenge. Without this broad
view, organizations might have difficulty identifying opportunities or
addressing potential problems in a timely manner.
But when it comes to analyzing the entire customer experience, what
does the right solution look like?
An optimal solution should reveal how customers are interacting across
channels and devices, so organizations could see the actual buying
experience through the customer’s eyes. The right analytics solution
should provide rich capabilities for understanding customers better so
they can be engaged in more meaningful ways.
An effective solution should:
• Provide the ability to perform root cause analysis into customer
behavior
• Enable visualizations of the customer journey across channels
• Deliver the ability to easily pivot from one type of analytics to
another to find out what is happening, understand why it is
happening and determine the impact
Contents
1 Introduction
2 The Customer Experience Gap
3 Three New Ways to Understand
Customer Experience
6 Analytics That Grow with You
6 Improve Business
Competitiveness with Integrated
Customer Experience Analytics
6 Learn more
2. Thought Leadership White Paper
IBM Commerce IBM Customer Analytics
2
The Customer Experience Gap
Organizations are on a quest to improve the customer
experience. They are making it a top priority: 89 percent of
companies expect to compete mostly on the basis of customer
experience.1
Even with such an important goal, many
organizations find it hard to achieve.
There is often a gap between what the organization perceives
and what the customer experiences. A 2015 IBM study
reported that 81 percent of consumer brands surveyed claim
to contextually understand their customers, but only 38
percent of customers agreed with this assessment.2
From the customer’s perspective, a great experience
interacting with an organization appears to happen easily and
effortlessly. But for the organization, a great experience
requires deep knowledge of customers and proper
management of customer engagement using the right tools
and capabilities.
Why is There a Customer Experience Gap?
There are three main causes behind the customer experience
gap.
• Data is fragmented across many systems
• Analytical tools are not well integrated
• Organizations operate in siloes
Organizations can no longer afford a fragmented view of their
customers. Research shows that a majority of customers take
more than one sales avenue: 56 percent of customer
interactions happen during a multi-event, multichannel
journey.3
Analysts need an integrated view of the omni-
channel customer experience to understand the whole
journey. The objective is not to understand the customer
interaction on any single digital property, but to focus on
people as they move through the overall buying process.
Moreover, today, analysts work in multiple tools to answer the
questions they have about their customers’ experience. They
have a web analytics solution that helps to answer what is
happening on digital properties, and a separate tool for
mobile. Perhaps they have invested in customer behavior
analytics, or voice-of-the-customer solution to help them
understand why things are happening. And likely, they are
exporting data from these tools to a spreadsheet to calculate
the impact. Working in multiple tools makes it difficult and
time consuming to answer questions about the experiences
your customers have, ensuring you don’t have the timely
insights needed to exceed their expectations.
And finally, delivering a superior customer experience is a
function that spans all customer-facing departments within an
organization. Many organizations use analytic tools and
capabilities that are highly siloed and departmentalized. Sales,
marketing, e-commerce and customer service departments
often have their own separate analytics and data sets. For
example, e-commerce information might be siloed within a
customer experience or e-commerce solution. But when the
e-commerce department is performing a customer retention
analysis and wants to look at customer longevity, loyalty and
buying cycles, the marketing data becomes critical. Likewise,
if the marketing group wants to examine the buying journey
for high-value customers, it needs customer relationship
management (CRM) data to determine which customers are
most profitable.
In the past, to overcome these three challenges,
organizations manually aggregated data to piece together a
complete picture. They conducted extensive internal work,
spending time and resources they would rather dedicate to
actually performing analysis and gaining insight. Many
companies export data from various data silos into a
spreadsheet, where analysts conduct one-off analyses to
answer specific questions. That approach is inadequate for
solving today’s complex problems.
Connected Consumers
Today’s digital consumer is more connected and more
empowered. An average digital consumer:
Owns 4 devices
Consumes 60 hours of digital content
per week4
According to a Pew Research
survey, more than half of
respondents (52 percent) use
two or more social media sites,
compared with 42 percent in
2013.5
2015
2013
52%
42%
3. Thought Leadership White Paper
IBM Commerce IBM Customer Analytics
3
Three New Ways to Understand Customer
Experience
Organizations need to understand the online customer
experience. To effectively do this you need ways to quantify and
visualize the customer journey individually and in aggregate—
across devices, channels, time and touchpoints—to pinpoint
improvements that will drive customer acquisition, customer
retention, revenue and sales. There are three key capabilities
needed for effective customer experience analytics:
• Ability to deep dive into customer behavior for root cause
analysis
• Ability to visualize the customer journey across channels
• Ability to easily pivot to find out what is happening,
understand why it is happening and determine the impact
Analyze customer behavior to understand root causes
Organizations are facing tremendous pressure to increase
revenue and reduce costs. They must go beyond customer
attraction to seek ways to gain clear visibility into why
customers abandon key business processes, such as checkout,
site registration, bill pay, and mortgage applications. Is it an
application or system issue, poor site usability, or a mediocre
offer that is affecting customer experience?
To truly understand customer behavior you need the ability to
see your digital and mobile channels through the eyes of your
customer by replaying customer experiences. But replaying
every session isn’t feasible. And sampling isn’t reliable. You
need to automatically identify when customers experience
issues and struggles, so you can proactively investigate to find
the cause and take action to both fix the problem and follow
up with affected customers. For example, an invalid
promotional code caused several customers to abandon their
carts halfway through a purchase transaction.
Customer behavior analytics can provide the insight into
individual customers and segments of customers so you can
get at the root cause.
Customer Experience Analytics in Action: Improving
Conversion Rates
A major retailer is gearing up for the launch of version 2.0 of an
exciting new smart watch.
The challenge
To meet the aggressive target of increasing revenues by
10 percent in a very competitive market, the marketing team
decides to develop a multichannel campaign and target
customer segments based on engagement preferences.
The solution
The marketing team uses IBM® Customer Experience Analytics
to look at all the touch points and channels that led to
successful conversions in the initial smart watch launch.
The team can see the most common journey, the journey that
led to the highest revenue path, and the journey that led to the
shortest conversion path. This is invaluable input for designing
a successful campaign.
The outcome
A few days after launch, the marketing team logs into IBM
Customer Experience Analytics to check the results. Traffic is
up and customers are adding the smart watch to their shopping
cart, but conversions are down.
From within the same solution and interface, the marketing
team identifies which customer segments are not converting.
They drill directly into sessions and discover that a promo code
entered by customers is not being accepted by the system.
The team wants to know where this bad code came from. They
examine the entire customer journey and discover a typo in the
promo code distributed on Facebook.
The team quickly takes action to fix the issue on Facebook.
They identify the segment of customers who experienced the
code denial and follow up with a personalized message
apologizing for the error and providing the correct code.
Once the code is fixed and the follow-up messages are sent out,
the team sees their conversion rate return to expected levels.
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With visibility into each and every customer’s digital and
mobile experiences, organizations can enrich engagement,
reduce struggle and prevent churn to deliver superior
experiences that keep customers coming back for more.
Organizations that invest and act on insights in the best
interests of their customers will be equipped to maximize
engagement and sales by offering products and content
specifically tailored to what they know about each customer
in terms of demographics, past buying behavior and current
context.
Visualize customer journeys across channels
It is also important for organizations to connect customer data
to gain visibility into the entire customer journey. Customer
interactions can be understood as one continuous progression
across devices and channels, but only if data from each
touchpoint can be connected and used together.
Suppose a digital analytics user in the sales department notices
the conversion rate is going down but has no idea why. If this
analyst continues to operate in a silo without a view to what is
happening in other channels, further exploration of the
problem will be incomplete. But with the ability to tie data
together across the entire journey, the analyst gains a more
holistic view of factors impacting a drop in conversion,
whether it’s poor user experience on the site, or the fact that
conversions are happening in a physical channel.
The key to solving this challenge is to make it easy to stitch
together data from diverse sources such as social, mobile, call
center, store and website, and then surface views of the
journeys customers actually took, in a visual, consumable way
that answers key questions such as:
• What is the shortest path to conversion?
• What is the most common path to conversion?
• What path yields the most revenue?
• How does activity in one channel impact conversion in
another?
This insight enables organizations to replicate successful
journeys, and pinpoint activities that drive conversion,
revenue and loyalty.
Most organizations—and solution vendors—concentrate on
one aspect of the customer journey, such as digital marketing,
mobile, social or store. IBM is uniquely focused on bringing
together the entire customer experience and providing a
holistic view of customers that can increase insight and deliver
a relevant, personalized customer experience.
Customer Experience Analytics in Action: Generating
Increased Revenue
Kathy, the customer marketing director at a financial firm, is
tasked to increase her company’s high-value customer
segment revenue by 45 percent in the next 12 months.
The challenge
This is an aggressive goal that will require new actions. Kathy
partners with the director of demand generation, José, to
better understand—and improve—the buying journey of high-
value customers.
Kathy and José turn to IBM Customer Experience Analytics,
which allows them to see how these customers interact with
the company’s digital assets and sales channels over time.
The solution
• José starts his investigation by identifying the steps
customers took just before creating a high-value account
with the firm. He looks at the five most commonly traveled
journeys that ended in success and analyzes the data.
• He notices that half of all high-value customers were acquired
when email outreach was combined with a live-person
interaction through a phone call or a chat console.
• Comparing the email messages for those who engaged in a
phone call or chat versus those who did not, he notices the
actual offer within the email was for a “free investment advi-
sor consultation.”
• Those who took advantage of the free consultation
offer immediately contacted the firm’s customer
support department.
The outcome
José works with his team to make the free consultation a
permanent offer, while Kathy submits a plan to increase call
center staff by 30 percent and train them in issues and
responses targeted to high-value customers.
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Unified analytics
To improve customer engagement, organizations need a
holistic view of the factors that influence a customer’s
interaction with their brand. For instance, to improve mobile
sales conversions, a single analytic tool can only point to where
the problem is. However, the organization needs to investigate
and understand the root cause: Is there a problem with the
products or the offers? If analysis shows that many buyers using
the company’s mobile app are abandoning their shopping carts
during a five-step purchasing process, the solution may be as
simple as shortening the process to three steps.
Many analysts currently cobble together a holistic view of
their customers using multiple analytics tools. In one tool,
they can identify trends, but can’t drill down into the
customer journey to see what is causing the trend. In another
tool, they may have a great view of what is happening on the
company’s website, but cannot identify the conversion
struggle experienced by mobile customers.
Figure 1. Elements of unified analytics.
Unified analytics
IBM offers a single interface so analysts can pivot
between views to figure out what is happening,
why it is happening and what the impact will be.
Customer behavior analytics capabilities
Journey analytics capabilities
Web analytics capabilities
Instead, analysts need to be able to zoom in and out of an
analytic view, or pivot from one type of analytics to another.
The process could start with an overall view of the customer
buying journey across devices, channels and time. The analyst
could use aggregate trends to identify the most common
routes that people take to a purchase. From the aggregate
trends, the analyst could drill down to understand a single
person’s journey and their specific struggles. The analyst
could then move to digital analytics to analyze a particular
customer segment. Ideally, all of this would be accomplished
with one login and within one environment, using a unified
analytics workbench (see Figure 1).
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Digital analytics
Social media analytics
Behavior analytics
Predictive analytics
Journey analytics
Cognitive computing
Comprehensive customer analytics capabilities from IBM
Simple Sophisticated
Figure 2. IBM offers a full set of tools to understand customer experience and sentiment.
Analytics That Grow with You
With the integrated IBM approach, organizations have
one data architecture and one place to look for analytics
solutions. IBM Customer Experience Analytics is modular
in nature, so organizations can adopt what they need today
and add additional features as necessary. The
comprehensive set of IBM tools includes advanced
capabilities such as predictive analytics and cognitive
computing for forecasting, learning and refining the most
meaningful ways to engage a customer (see Figure 2).
Improve Business Competitiveness with
Integrated Customer Experience Analytics
A well-designed, holistic approach to customer experience
analytics can provide the insights brands need to enhance
their competitive position through dynamic, user-driven
experiences and highly personalized, responsive service.
Organizations can quickly adopt new customer engagement
approaches in today’s rapidly evolving market through
connected sharing of customer data. A complete view of
customer interactions can deliver profound business benefits
for your organization, from reduced operating costs and
more effective customer acquisition to higher customer
satisfaction and increased revenue.
Visit ibm.com/customer-analytics to learn more about customer
experience analytics and the integrated IBM approach.