We live in an era where customers expect us to understand their wants and needs, and as organisations become greatly customer-centric and data-driven, Hyper-personalisation is the new, modernised solution.
In today’s dynamic business landscape, delivering personalised experiences has become a paramount strategy for companies looking to stay competitive and build lasting customer relationships. Hyper-personalisation, achieved through the strategic use of data, advanced analytics, and AI, is emerging as the key to meeting the ever-evolving expectations of modern consumers.
First thing first, what is hyper-personalisation?
Hyper-personalisation is the most advanced way brands can tailor their marketing to customers. Think of your favourite coffee house, where the barista knows your order by heart, or the online store that suggests products you’re likely to adore based on your behaviour.
These merchant-to-customer bonds are the foundation of loyalty. But in the digital realm, hyper-personalisation takes this to a whole new level. It’s an advanced strategy that harnesses real-time data, cutting-edge analytics, and AI to craft tailored products, services, and experiences that align perfectly with customers’ desires.
Did you know 90% of customers say they are happy to share their personal data if it enhances their purchasing experience? It’s all about connecting customers with what they love, and hyper-personalisation does it seamlessly through a blend of data, analytics, AI, and automation.
Starbucks excels at hyper-personalisation. With the help of AI, the coffee brand uses real-time data to send users unique offers based on their preferences, activity, and past purchases. With more than 400,000 variations of hyper-personalised messages to send, coffee lovers always feel as if their communication with the brand is tailor-made.
Hyper-personalisation goes beyond simply addressing customers by their first name in an email or recommending products based on past purchases. It’s about creating a seamless, individualised journey for each customer, where every interaction feels tailor-made to their preferences, needs, and behaviours.
This level of personalisation is a game-changer and here’s why:
Understanding the Customer Journey:
Hyper-personalisation begins with a deep understanding of the customer journey. By leveraging data analytics, companies can gain insights into every touchpoint a customer has with their brand. This knowledge allows them to identify pain points, preferences, and opportunities for enhancing the overall experience.
Leveraging Customer Data:
Data is the lifeblood of hyper-personalisation. Companies collect vast amounts of data from various sources, including website visits, social media interactions, purchase history, and more. AI-driven analytics processes this data in real-time to create a holistic view of each customer.
Real-time Insights:
AI algorithms analyse customer data on the fly, enabling companies to respond to customer needs in real-time. Whether it’s offering a discount on an item a customer has been eyeing or providing proactive customer support, AI can make it happen seamlessly.
Tailored Content:
With hyper-personalization, content is king. AI can curate content, whether it’s product recommendations, articles, or marketing messages, that resonate with individual customers. This not only boosts engagement but also drives conversions.
Enhancing Customer Loyalty:
When customers feel understood and valued, they’re more likely to remain loyal. Hyper-personalisation fosters stronger emotional connections with customers, making them less likely to explore other options.
Optimising Marketing Efforts:
Marketing budgets can be optimized with hyper-personalisation. Rather than casting a wide net, companies can target specific customer segments with highly relevant campaigns, resulting in better ROI.
Scaling Personalisation:
AI makes it possible to scale personalisation efforts, even with a large customer base. By automating processes and delivering tailored experiences at scale, companies can efficiently serve their customers.
Improving Customer Satisfaction:
Ultimately, hyper-personalisation leads to improved customer satisfaction. When customers consistently have positive, personalised experiences, they’re more likely to become advocates for the brand.
How can Data Clarity help?
From baristas who deliver personal service, to brands that do on a mass scale, hyper-personalisation can work on so many levels, bringing an in-app experience with real-time offers to life based on preferences, activity, and past purchases, leading to increased revenue and transactions.
Taking real-world success using ClarityOmnivue to generate personalised campaigns, our client, Paul Smith have achieved an average increase in conversion rates of 40% like for like marketing activities compared to last year, and despite the Covid-19 situation which demonstrates the power and potential of marketing on relevance and truly understanding online and offline customers’ buying behaviours.
ClarityOmnivue® delivers true, accurate data that is utilised to create individually customised targeted marketing campaigns that are personalised and relevant to the customer. This more personalised approach when connecting with their customers engenders trust and a positive digital relationship with the customer whilst at the same time is compliant with the customers’ privacy settings.
Companies are expected to not just meet the needs of customers but anticipate and exceed them. The ability to market products based on relevance, to the right customer at the right time is essential to success. The current global situation has only highlighted the importance of knowing your customers at a personal level.