These companies invested strategically in an omnichannel data ecosystem to strengthen omnichannel experiences. While it’s not easy to know where to begin and what to prioritize, there are several nonnegotiables.
Data readiness: Poor data quality creates a “garbage in, garbage out” cycle. The effectiveness of omnichannel commerce hinges on data quality—a truth that’s increasingly evident with the rapid advancement of AI. Whether it’s experience, supply chain data, B2C data or e-commerce data, all data must be simplified and standardized. Brands can turn to a data factory to orchestrate and syndicate data, de-duping it, aggregating it strategically with the right attributes and organizing it to respond to customer and market signals in real time. Data governance is key to data readiness as it codifies access controls and addresses data privacy.
Composable architecture: Monolithic architectures lack the flexibility, agility, scalability and integration capabilities to manage data consistently across channels in today’s ever-changing commerce landscape. What’s needed are MACH (microservices-based, API-first, cloud-native and headless) technology solutions that enable composable commerce. Brands can easily create new buying experiences and channels. APIs power real-time data exchange, unlike traditional data feeds. And a cloud-native architecture makes data available (with access controls) across the partner ecosystem, which is often a missing link in omnichannel.
Single source of truth: While all the functional areas of the business involved in commerce will, by definition, use customer and product data insights for different purposes, a single source of truth should connect them. A composable architecture provides the technical backbone for this. But human behavior must also change. “Going rogue” with solutions that create alternative sources of truth causes unnecessary confusion and complexity—and risks brands’ ability to deliver a consistent omnichannel experience.
Unstructured data: Because it doesn’t fit into traditional databases, companies often undervalue and underutilize unstructured data, such as customer reviews, social media content, call center transcripts and chatbot interactions. But the context that these data sources provide can reveal hidden trends, anticipate customer needs and even inform product development. That’s why it’s key to include unstructured data in the omnichannel data ecosystem and invest in advanced analytics and AI-powered tools to uncover insights from masses of data quickly.
More action, less analysis: As brands look to invest in the tools and technologies to support their omnichannel data ecosystem, it’s easy to get stuck in an analysis paralysis spiral of assessing solution after solution to find the perfect one. It’s essential to resist the spiral and get to action quickly. Brands can work with agency and systems integrator partners to define their omnichannel data ecosystem strategy and roadmap, identifying immediate wins. The best approach? Be evolutionary, not revolutionary. Very few brands are in the position to solve their data problems all at once given the complexity of challenges associated with legacy systems and ingrained ways of working around data for e-commerce.