There are many reasons why personalization doesn't happen or goes wrong:
- wrong technology stack
- lack of human and financial resources
- complexity of data
- handling personalization as a one-shot game instead of treating it as a process
major consequences of wrong personalization:
- loss of customer trust because of a breach of privacy
- frustration due to facing irrelevant content and messaging
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The value of getting personalization right—or wrong—is multiplying
- Thoughtful touchpoints such as checking in post-purchase, sending a how-to video or asking consumers to write a review generate positive brand perceptions.
- When asked to define personalization, consumers associate it with positive experiences of being made to feel special.
- They respond positively when brands demonstrate their investment in the relationship, not just the transaction
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- 64% of organizations are either not collecting data or are storing it in siloed systems, resulting in disjointed experiences for customers.
Multiple-variable customer segments
multiple-variable customer segments group customers by sets of traits or behaviors they have in common, rather than only one. An example might be a customer who:
- Is from Japan
- Has never transacted before
- Has an interest in the headphones product category
- Is female, age 25-30
it’s more realistic to start with small, incremental improvements. Little wins add up, and they also provide insights you can use to fine-tune your strategy and content.
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