Why unified commerce must be automated commerce?
Unifying the retailer’s response to a customer is only possible through the automation of data exploitation. There is no single customer profile that is identical to another, and even the “purchase journeys” are now completely individualized. Commerce has become multifaceted, and in the face of this infinity of dialogues to be issued, personalization can only exist through technology.
Brands must now be ready to engage with their targets at any time, even deploying promotions and digital campaigns well ahead of traditional commercial envents.
Francois Loviton, Managing Director Retail at Google France.
To offer not just a commercial action plan, but billions of CAPs tailored to the profiles/searches/matching of each retail customer, it is essential to have a technological approach to processes, to set up APIs, and to be assisted by artificial intelligence and machine learning. Thus, each interaction will refine the customer/brand relationship.
The multiplication of APIs enriches consumer experiences, creates links between all product information sources, aggregates the “social media content” concerning them, and enriches product sheets… All this expertise from the e-commerce sector has become the new norm for all purchases, even the most everyday ones, such as our grocery shopping.
Promotion being an extremely important driver, especially in these times of inflation, it was necessary to also link product knowledge to its promotional presentation. This way, interest is generated and the transaction is consolidated since the consumer is offered a product they are interested in, via the digital platforms they are accustomed to visiting, with a relevant promotion and quality product information.
On average, only 17% of data is exploited in companies, and even then, not always effectively.
While there is still a long way to go for many companies in this area, retailers are in a constant sprint in 2023 to win this race. Internalizing knowledge, breaking down data and expertise silos… it’s a major upheaval!
Unified commerce: a strategic approach for a personalized customer experience
Unified commerce is an essential strategy. It aims to centralize and harmonize customer data and interactions across all channels, whether physical or digital. This strategic approach offers retailers the ability to provide a personalized, seamless, and consistent customer experience while optimizing operational efficiency.
By adopting unified commerce, retailers can offer an exceptional customer experience, regardless of the channel chosen by the consumer. This approach improves operational efficiency by centralizing customer data and interactions, reducing costs, improving productivity, and facilitating informed business decision-making.
Implementing a unified commerce strategy requires collecting and managing customer data centrally, involving the creation of an appropriate IT infrastructure and establishing data management processes. Channel integration, a key element, ensures the consistency of customer interactions across various physical and digital channels. Finally, offer personalization, based on customer data, provides more relevant and effective customer experiences. Thus, unified commerce positions itself as an essential approach for retailers seeking to offer a personalized customer experience while maximizing their operational efficiency.