www.exlservice.com Open in urlscan Pro
45.60.46.19  Public Scan

Submitted URL: https://info1.exlservice.com/e3t/Ctc/ZO*113/c2Rw-04/VWhY8l67qQHJW8WP9qh6DRDzXW72Qs8N5pH2r2N4CDgf02-ZVTW7lCdLW6lZ3pNW9k30T_2dg...
Effective URL: https://www.exlservice.com/insights/white-paper/personalization-digital-retail?_hsenc=p2ANqtz--yd79NLSqg7aQHXY3aRRK5DMNHcAV...
Submission: On December 17 via api from US — Scanned from DE

Form analysis 3 forms found in the DOM

POST https://forms.hsforms.com/submissions/v3/public/submit/formsnext/multipart/444742/d0dd50a9-796f-424e-a9c6-7e9dfd13e137

<form id="hsForm_d0dd50a9-796f-424e-a9c6-7e9dfd13e137" method="POST" accept-charset="UTF-8" enctype="multipart/form-data" novalidate=""
  action="https://forms.hsforms.com/submissions/v3/public/submit/formsnext/multipart/444742/d0dd50a9-796f-424e-a9c6-7e9dfd13e137"
  class="hs-form-private hsForm_d0dd50a9-796f-424e-a9c6-7e9dfd13e137 hs-form-d0dd50a9-796f-424e-a9c6-7e9dfd13e137 hs-form-d0dd50a9-796f-424e-a9c6-7e9dfd13e137_9ba653fd-01de-4d29-b30b-bfa5118c016a hs-form stacked"
  target="target_iframe_d0dd50a9-796f-424e-a9c6-7e9dfd13e137" data-instance-id="9ba653fd-01de-4d29-b30b-bfa5118c016a" data-form-id="d0dd50a9-796f-424e-a9c6-7e9dfd13e137" data-portal-id="444742"
  data-test-id="hsForm_d0dd50a9-796f-424e-a9c6-7e9dfd13e137" data-hs-cf-bound="true">
  <fieldset class="form-columns-1">
    <div class="hs_i_am_a_ hs-i_am_a_ hs-fieldtype-select field hs-form-field"><label id="label-i_am_a_-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your I am a/an..." for="i_am_a_-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>I am
          a/an...</span><span class="hs-form-required">*</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><select id="i_am_a_-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" required="" class="hs-input is-placeholder" name="i_am_a_">
          <option disabled="" value="">- Please Select -</option>
          <option value="Advisor/Analyst">Advisor/Analyst</option>
          <option value="Client">Client</option>
          <option value="Prospect">Prospect</option>
          <option value="Speaker">Speaker</option>
          <option value="Media">Media</option>
          <option value="Investor">Investor</option>
          <option value="Partner">Partner</option>
        </select></div>
    </div>
  </fieldset>
  <fieldset class="form-columns-2">
    <div class="hs_firstname hs-firstname hs-fieldtype-text field hs-form-field"><label id="label-firstname-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your First Name"
        for="firstname-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>First Name</span><span class="hs-form-required">*</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><input id="firstname-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" name="firstname" required="" placeholder="" type="text" class="hs-input" inputmode="text" autocomplete="given-name" value=""></div>
    </div>
    <div class="hs_lastname hs-lastname hs-fieldtype-text field hs-form-field"><label id="label-lastname-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your Last Name" for="lastname-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>Last
          Name</span><span class="hs-form-required">*</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><input id="lastname-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" name="lastname" required="" placeholder="" type="text" class="hs-input" inputmode="text" autocomplete="family-name" value=""></div>
    </div>
  </fieldset>
  <fieldset class="form-columns-2">
    <div class="hs_company hs-company hs-fieldtype-text field hs-form-field"><label id="label-company-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your Company"
        for="company-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>Company</span><span class="hs-form-required">*</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><input id="company-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" name="company" required="" placeholder="" type="text" class="hs-input" inputmode="text" autocomplete="organization" value=""></div>
    </div>
    <div class="hs_email hs-email hs-fieldtype-text field hs-form-field"><label id="label-email-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your Email" for="email-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>Email</span><span
          class="hs-form-required">*</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><input id="email-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" name="email" required="" placeholder="" type="email" class="hs-input" inputmode="email" autocomplete="email" value=""></div>
    </div>
  </fieldset>
  <fieldset class="form-columns-2">
    <div class="hs_jobtitle hs-jobtitle hs-fieldtype-text field hs-form-field"><label id="label-jobtitle-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your Job title" for="jobtitle-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>Job
          title</span><span class="hs-form-required">*</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><input id="jobtitle-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" name="jobtitle" required="" placeholder="" type="text" class="hs-input" inputmode="text" autocomplete="organization-title" value=""></div>
    </div>
    <div class="hs_phone hs-phone hs-fieldtype-phonenumber field hs-form-field"><label id="label-phone-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your Phone number" for="phone-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>Phone
          number</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><input id="phone-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" name="phone" placeholder="" type="tel" class="hs-input" inputmode="tel" autocomplete="tel" value=""></div>
    </div>
  </fieldset>
  <fieldset class="form-columns-1">
    <div class="hs_country__c hs-country__c hs-fieldtype-select field hs-form-field"><label id="label-country__c-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your Country"
        for="country__c-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>Country</span><span class="hs-form-required">*</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><select id="country__c-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" required="" class="hs-input is-placeholder" name="country__c">
          <option disabled="" value="">Please Select</option>
          <option value="Australia">Australia</option>
          <option value="Austria">Austria</option>
          <option value="Bahamas">Bahamas</option>
          <option value="Belgium">Belgium</option>
          <option value="Bermuda">Bermuda</option>
          <option value="Brazil">Brazil</option>
          <option value="Bulgaria">Bulgaria</option>
          <option value="Canada">Canada</option>
          <option value="China">China</option>
          <option value="Colombia">Colombia</option>
          <option value="Czech Republic">Czech Republic</option>
          <option value="Denmark">Denmark</option>
          <option value="Finland">Finland</option>
          <option value="France">France</option>
          <option value="French Guiana">French Guiana</option>
          <option value="French Polynesia">French Polynesia</option>
          <option value="Georgia">Georgia</option>
          <option value="Germany">Germany</option>
          <option value="Ghana">Ghana</option>
          <option value="Greece">Greece</option>
          <option value="Greenland">Greenland</option>
          <option value="Guyana">Guyana</option>
          <option value="Hong Kong">Hong Kong</option>
          <option value="Hungary">Hungary</option>
          <option value="Iceland">Iceland</option>
          <option value="India">India</option>
          <option value="Indonesia">Indonesia</option>
          <option value="Ireland">Ireland</option>
          <option value="Israel">Israel</option>
          <option value="Italy">Italy</option>
          <option value="Japan">Japan</option>
          <option value="Jordan">Jordan</option>
          <option value="Luxembourg">Luxembourg</option>
          <option value="Malaysia">Malaysia</option>
          <option value="Maldives">Maldives</option>
          <option value="Malta">Malta</option>
          <option value="Mauritius">Mauritius</option>
          <option value="Mexico">Mexico</option>
          <option value="Morocco">Morocco</option>
          <option value="Netherlands">Netherlands</option>
          <option value="New Zealand">New Zealand</option>
          <option value="North Korea">North Korea</option>
          <option value="Northern Marianas">Northern Marianas</option>
          <option value="Norway">Norway</option>
          <option value="Oman">Oman</option>
          <option value="Panama">Panama</option>
          <option value="Philippines">Philippines</option>
          <option value="Poland">Poland</option>
          <option value="Portugal">Portugal</option>
          <option value="Romania">Romania</option>
          <option value="Saudi Arabia">Saudi Arabia</option>
          <option value="Singapore">Singapore</option>
          <option value="Slovenia">Slovenia</option>
          <option value="South Africa">South Africa</option>
          <option value="Spain">Spain</option>
          <option value="Sweden">Sweden</option>
          <option value="Switzerland">Switzerland</option>
          <option value="Taiwan">Taiwan</option>
          <option value="Thailand">Thailand</option>
          <option value="United Arab Emirates">United Arab Emirates</option>
          <option value="United Kingdom">United Kingdom</option>
          <option value="United States of America">United States of America</option>
          <option value="Venezuela">Venezuela</option>
          <option value="Vietnam">Vietnam</option>
          <option value="Zimbabwe">Zimbabwe</option>
        </select></div>
    </div>
  </fieldset>
  <fieldset class="form-columns-1">
    <div class="hs-dependent-field">
      <div class="hs_industry_ hs-industry_ hs-fieldtype-select field hs-form-field"><label id="label-industry_-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your Please choose your industry"
          for="industry_-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>Please choose your industry</span><span class="hs-form-required">*</span></label>
        <legend class="hs-field-desc" style="display: none;"></legend>
        <div class="input"><select id="industry_-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" required="" class="hs-input is-placeholder" name="industry_">
            <option disabled="" value="">Please Select</option>
            <option value="Banking and Financial Services">Banking and Financial Services</option>
            <option value="Health">Health</option>
            <option value="Insurance">Insurance</option>
            <option value="Media and Entertainment">Media and Entertainment</option>
            <option value="Retail">Retail</option>
            <option value="Transportation and Logistics">Transportation and Logistics</option>
            <option value="Travel and Transportation">Travel</option>
            <option value="Manufacturing">Manufacturing</option>
            <option value="Utilities">Utilities</option>
            <option value="Others">Others</option>
          </select></div>
      </div>
    </div>
  </fieldset>
  <fieldset class="form-columns-1">
    <div class="hs_message hs-message hs-fieldtype-textarea field hs-form-field"><label id="label-message-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your Message"
        for="message-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>Message</span><span class="hs-form-required">*</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><textarea id="message-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="hs-input hs-fieldtype-textarea" name="message" required="" placeholder=""></textarea></div>
    </div>
  </fieldset>
  <fieldset class="form-columns-1">
    <div class="hs_i_have_read_and_accepted_the_privacy_policy hs-i_have_read_and_accepted_the_privacy_policy hs-fieldtype-booleancheckbox field hs-form-field">
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input">
        <ul class="inputs-list">
          <li class="hs-form-booleancheckbox"><label for="i_have_read_and_accepted_the_privacy_policy-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="hs-form-booleancheckbox-display"><input
                id="i_have_read_and_accepted_the_privacy_policy-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="hs-input" type="checkbox" name="i_have_read_and_accepted_the_privacy_policy" value="true"><span>I understand and agree that the information
                submitted in this form will be transmitted to, stored and processed by EXL, in accordance with their
                <a href="https://www.exlservice.com/privacy-policy" target="_blank" rel="noopener" data-insert="true">Privacy Policy</a>.</span></label></li>
        </ul>
      </div>
    </div>
  </fieldset>
  <fieldset class="form-columns-1">
    <div class="hs_urltrack hs-urltrack hs-fieldtype-text field hs-form-field" style="display: none;"><label id="label-urltrack-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your URLTrack"
        for="urltrack-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>URLTrack</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><input name="urltrack" class="hs-input" type="hidden" value=""></div>
    </div>
  </fieldset>
  <fieldset class="form-columns-1">
    <div class="hs_gclid hs-gclid hs-fieldtype-text field hs-form-field" style="display: none;"><label id="label-gclid-d0dd50a9-796f-424e-a9c6-7e9dfd13e137" class="" placeholder="Enter your gclid"
        for="gclid-d0dd50a9-796f-424e-a9c6-7e9dfd13e137"><span>gclid</span></label>
      <legend class="hs-field-desc" style="display: none;"></legend>
      <div class="input"><input name="gclid" class="hs-input" type="hidden" value=""></div>
    </div>
  </fieldset>
  <div class="hs_recaptcha hs-recaptcha field hs-form-field">
    <div class="input">
      <div class="grecaptcha-badge" data-style="inline" style="width: 256px; height: 60px; box-shadow: gray 0px 0px 5px;">
        <div class="grecaptcha-logo"><iframe title="reCAPTCHA" width="256" height="60" role="presentation" name="a-dt7u2yp9b2ja" frameborder="0" scrolling="no"
            sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-top-navigation allow-modals allow-popups-to-escape-sandbox allow-storage-access-by-user-activation"
            src="https://www.google.com/recaptcha/enterprise/anchor?ar=1&amp;k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm&amp;co=aHR0cHM6Ly93d3cuZXhsc2VydmljZS5jb206NDQz&amp;hl=en&amp;v=zIriijn3uj5Vpknvt_LnfNbF&amp;size=invisible&amp;badge=inline&amp;cb=bx0s7pcr4knj"></iframe>
        </div>
        <div class="grecaptcha-error"></div><textarea id="g-recaptcha-response" name="g-recaptcha-response" class="g-recaptcha-response"
          style="width: 250px; height: 40px; border: 1px solid rgb(193, 193, 193); margin: 10px 25px; padding: 0px; resize: none; display: none;"></textarea>
      </div><iframe style="display: none;"></iframe>
    </div><input type="hidden" name="g-recaptcha-response" id="hs-recaptcha-response" value="">
  </div>
  <div class="hs_submit hs-submit">
    <div class="hs-field-desc" style="display: none;"></div>
    <div class="actions"><input type="submit" class="hs-button primary large" value="Send"></div>
  </div><input name="hs_context" type="hidden"
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</form>

GET /exl-search

<form action="/exl-search" method="get" id="exl-search-block-form" accept-charset="UTF-8" data-hs-cf-bound="true">
  <div class="fd_mainSearchBox">
    <i class="glyphicon glyphicon-search fd_close_mainSearch"></i>
    <div class="fd_mainSearchBoxConetent">
      <div class="exl-container">
        <div class="fd_searchBox_container">
          <i class="glyphicon glyphicon-search searchplaceHolder"></i>
          <div class="form-item js-form-item form-type-search js-form-type-search form-item-keys js-form-item-keys form-no-label form-group">
            <label for="edit-keys" class="control-label sr-only">Search</label>
            <input title="Enter the terms you wish to search for." data-drupal-selector="edit-keys" class="form-search form-control" placeholder="Search" type="search" id="edit-keys" name="keys" value="" size="15" maxlength="128">
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PERSONALIZATION IN DIGITAL RETAIL

PERSONALIZATION IN DIGITAL RETAIL

Harnessing the power of data to drive customer engagement
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PERSONALIZATION IN DIGITAL RETAIL

Harnessing the power of data to drive customer engagement
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 1. Home
 2. Insights
 3. White Paper
 4. Personalization in digital retail



Data serves as the fundamental building block of any robust personalization
program. However, the success of such a program is tied to the organization’s
data strategy.


INTRODUCTION

Personalization is a key focus area for e-commerce retailers to go beyond the
prevalent practice of engaging in bidding wars to get the customer’s attention.
In the place of bidding wars to purchase online retail space, e-commerce brands
can instead nurture the relationship with each and every customer, making it
unique to their individual profile, shopping and communication preferences, and
purchase history. Additionally, the widespread failure of many e-commerce brands
to give a personalization strategy the attention and resources that it really
requires to be successful represents an elusive business opportunity for the
brands that are ready and willing to do so.

The findings from a Salesforce study highlight how personalization can be the
key customer engagement and sales driver for e-commerce brands:

 * More than two-thirds of customers now expect companies to understand their
   unique needs and expectations.
 * Three in five customers anticipate that companies will proactively meet their
   needs.
 * Over 50% of customers feel that they are just a customer ID to their
   preferred companies. This underscores an opportunity that proactive digital
   retailers can take advantage of.

The building blocks of a successful personalization strategy

Data serves as the fundamental building block of any robust personalization
program. However, the success of such a program is tied to the organization’s
data strategy. In digital retail, where companies interact with customers across
a wide range of channels, including websites, apps, contact centers, and other
options, it is essential that interactions are orchestrated seamlessly.
Achieving an end-to-end personalized customer experience hinges on maintaining
coherence and consistency across these diverse touch points. While it may be
relatively simpler to execute localized personalization for individual channels
and tactics, the true measure of success lies in how these personalized elements
converge to create a unified customer experience. The lack of a synchronized
experience can backfire and end up confusing the customer. Therefore, it
requires a holistic and cross-functional approach to ensure an impactful
personalized customer experience.

A typical personalization program can be divided into four stages.

 * The data driving personalization: The cornerstone of a successful
   personalization strategy is precise, comprehensive, quality data. The
   principle is straightforward: the more we understand the customer, the more
   effectively we can tailor their experience. Consequently, the initial
   component of an effective personalization strategy revolves around collecting
   data from a wide range of sources, including on-site interactions on websites
   or apps, purchase history, payment behavior, contact center interactions,
   marketing communications, survey responses etc. These disparate streams of
   data must be seamlessly stitched together at a customer level to construct a
   360 view of the customer. This has become increasingly complex due to recent
   regulations, such as GDPR, and developments like the deprecation of
   third-party cookies in the digital data landscape. From our experience at EXL
   with diverse clientele, we have observed that digital tag management is an
   area where many organizations struggle to install robust governance and
   management processes. The consequence of these struggles is a substandard
   ability to gather, store, and interpret first-party data. The walled nature
   of digital marketing platforms can make data management processes more
   complex than they need to be, and generate new challenges too. Collecting an
   accurate 360 view of the customer has become a major hurdle. Many
   organizations are resorting to customer segment level approximations to
   bridge the gaps in their understanding.
    
 * Smart personalization engine: This second component serves as the brain
   behind the entire operation. After the data has been gathered, stitched, and
   cleansed, it enters a chain of decision engines where the magic of
   personalization unfolds. This is the stage where all decision making takes
   place, and the next steps for various interfaces are evaluated, scored,
   compared, and determined. Different experiences and outcomes for each
   customer are carefully designed and reviewed. With automation, big data, and
   machine learning technologies, online retailers can carry out a personalized
   experience for each customer. For instance, this could include personalized
   recommendations of products for purchase sent via the customer’s preferred
   communication channel within a specific monetary range based on their
   previous purchase history.
    
 * Effective presentation: Once the product offer and method of presentation is
   chosen, the presentation experience should be designed for an optimal user
   experience to maximize conversion rates. This presentation extends to ease of
   offer analysis by the customer and a seamless, fast, secure payment process.
    
 * Robust measurement and feedback: The success of a personalization program
   also hinges on effective measurement. The measurement framework should enable
   insights across various levels of the program. It should be able to provide a
   top-level view for senior leaders on overall program performance, as well as
   presenting granular insights across various parameters to regularly enhance
   the approach. We have seen organizations leaning towards a unified
   measurement framework, in the form of a top-down view solution. This approach
   enables organizations to better understand spend allocation on a macro level.
   Additionally, it can be supported by a bottoms-up attribution solution at the
   same time to understand performance at the micro level. In our experience at
   EXL, a multi-touch feedback strategy is effective – better still if this is
   also personalized to the customer’s communication preferences.

The various parts of a successful personalization program can be summarized in
the following diagram:

 


CONCLUSION

A McKinsey study revealed that companies excelling at personalization are likely
to generate 40% more revenue from these activities. Therefore, digital retailers
cannot afford to serve their customers with a one-size-fits-all approach.
Personalization is now the key to revenue growth and enhancing customer loyalty.

At EXL, we have helped many e-commerce retailers embed high-performing
personalization strategies for unprecedented results. Please reach out to us to
learn about our success stories and how we can help your ecommerce brand to
drive new levels of customer engagement and sales through personalization.


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