Key Challenges to Deal with to Build an Effective Omnichannel CX Strategy
Martech Outlook | Thursday, February 24, 2022
Brands must encourage and facilitate good communication and collaboration between divisions to break down the silo mentality.
FREMONT, CA: Brands have numerous hurdles in providing a consistent, good, and tailored omnichannel customer experience. Recent investments, however, suggest that the juice is worth the squeeze. According to a report, the number of organizations investing in omnichannel Customer Experience (CX) has increased from 20 percent to over 80 percent points in the recent decade. As per analysis, organizations with the best multichannel customer interaction strategies enjoy a 10 percent year-over-year rise in revenue, a 10 percent increase in average order value, and a 25 percent boost in close rates.
To be effective, most marketers and CX leaders will have to deal with the obstacles listed below.
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Getting Past Data Silos
When it comes to customer experience and data collecting, departmental silos are a concern. According to research, data silos and fragmented customer data affect digital CX projects for 37 percent of digital CX executives. Brands must encourage and facilitate good communication and collaboration between divisions to break down the silo mentality. As one moves from multichannel to omnichannel, data silos are no longer an option. Because a consumer journey usually includes several touchpoints, multiple teams are likely to support different aspects of the same experience. The only true method to break the loop is to integrate, share, and capture cross-team data.
Bringing Omnichannel Data Together
Customer information is dispersed over all of a company's channels, including its website, mobile apps, physical stores, social media channels, customer service call records, chat history, purchase history, and more. Combining, evaluating, and turning this data into meaningful insights is difficult because it is often scattered across multiple places or databases. Collaboration and cross-functional sharing must integrate data and activate it in siloed firms with separate ownerships of marketing areas.
Many enterprise firms employ Customer Data Platforms (CDPs) to combine these different data sources. By integrating to other platforms in the brand's marTech stack, a CDP can consolidate data from diverse sources and recommend the next step in the CX using ML or AI. This form of unification enables marketers to send the correct message at the right time along the customer journey, increasing customer value.
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