TRACK global personalization study

Source: Forrester

Customer-centric
personalization

Personalizing the customer experience is now top priority for many companies. This has been further reinforced by the digitalization surge triggered by the pandemic. However, it is a huge challenge for many organizations to fully adopt a customer-centric mindset. It is equally as difficult to allocate the right resources to adapt to changing consumer buying behavior, and deliver consistent, personalized experiences on a large scale.

Personalization helps you gain competitive advantage

One question we hear time and time again: does personalization really have such a big impact on customer behavior? The fact is, personalization can create a competitive advantage, and for that reason alone it is worth fighting for it, even if it is sometimes difficult to implement. When it’s done well, clever personalization facilitates an exchange between brand and customer that’s much to the benefit of both. On average, latest figures suggest that companies who deploy a high degree of personalization are almost twice as likely to achieve a double-digit sales growth.

Three key insights

Source: Forrester Consulting personalization study commissioned by TRACK, May 2022

The study design

In March 2022, 459 executives representing international corporations (more than US$ 500 million in sales per year) from eleven countries were surveyed. These included Germany, Australia, France, Canada, New Zealand, the UK, and the USA. They came from different industries such as finance, FMCG, retail, IT, healthcare, travel and telecommunications.

What next?

We’d be delighted to discuss with you, in detail, the further results of the study, which was carried out by Forrester Consulting on behalf of TRACK. We’d explore the benefits of the transformation for your company, and what goals you could achieve with it. Don’t hesitate to contact us. Make an appointment straight away.

Sandra Voß

+49 40 33 959 109
E-Mail: business@track.de

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