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Mar10
Is Cost and Time Getting In the Way?
What do you know about your customers?  How are you gathering that information?  Customer World has an interesting post with some statistics from a recent survey conducted by CMO Council.  Here are a couple worth noting:
  • 49.1 percent of respondents blamed "inadequate systems and infrastructure" for limiting personalized communication initiatives.
  • "Lack of customer data and insight" and "cost and complexity" were also cited as major contributing factors by 46.2 and 43 percent of respondents, respectively.

Judging from these statistics it seems that companies don't want to take the time to fix their systems and infrastructure.  Not only that, there are also huge cost and time investments to make things right. 

money%20by%20jenn%20jenn.jpg

But what if you did invest the time and money to improve your systems?  Can you think about the possibilities?  Can you think about how much money you could make simply by making it easier on yourself to get customers' information? 

Just some food for thought for the week...

Photo Credit:  Jennifer R.

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3 Comments/Trackbacks




Maria,

Knowing our customer's wants and needs is a must for business to maximize its potential. But it is hard work. And systems don't always make it easier. I wish I knew the answer for gathering great data that has value.

Hi Lewis,

I don't think it's so much about the technology that you use as it is about how you use it and whether or not you use it effectively. Many people just don't want to take the time to gather customer information and if they do, they don't input it correctly - or even worse, they do take the information but don't follow-up. It goes into the computer and gets buried into some file in cyberspace!

"Lack of customer data and insight" and "cost and complexity" were also cited as major contributing factors by 46.2 and 43 percent of respondents, respectively.

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