The document discusses customer experience management (CEM), which aims to monitor, improve, and capitalize on customer interactions through various touchpoints across the customer lifecycle in order to turn customers into advocates. CEM focuses on understanding customer wants, needs, and goals to enhance the customer experience and inform improvements to products, services, and marketing. An effective CEM approach requires analyzing big data to gain customer insights, adopting a customer-focused corporate culture, and continuing to leverage emerging technologies like social media and mobile computing.