How mature are you? Every business is at a different stage on its CDP journey, yet you’ll find that many businesses are uncertain of which stage they’re at and the steps needed to move to the next level. Before you and your organization embark on a transformative CDP journey, it’s important to fully understand your baseline to make educated and informed decisions to achieve your organizational goals.
Customer data platforms (CDPs) collect and store customer-related information as a unified profile to reveal deeper insights. Over the last decade, CDPs have gained momentum among CMOs and CDOs, helping them close the gaps between e-commerce and marketing, as well as other systems, such as data management platforms (DMPs) and customer relationship management systems (CRMs), providing them with distinct advantages.
Let’s face it, customers’ lives are continuously expanding into the digital space, and they have more say in the use of their data than ever before. To keep up, most organizations are ready to deploy or upgrade to a more robust enterprise-wide CDP and build upon proven use cases and ROIs. Adopting CDP principles sooner rather than later will help you drive your corporate data strategy forward and accelerate the following:
- Unify and translate customer behavior into a competitive advantage
- Transform data into a strategic asset to drive more relevant engagements
- Enable better communication with customers across all products and channels