The vast majority of the 200 marketing and business leaders we spoke to for our Enterprise Growth Report are either using, or planning to use, AI to get the most from their customer data.
Here are the key ways they’re doing – or plan to do – just that.
Data gathering
AI can automate the process of collecting customer data from various sources. AI algorithms can crawl websites, extract information from online forms, or scrape social media platforms to gather relevant data about customers.
AI-powered tools can also integrate with customer relationship management (CRM) systems, e-commerce platforms, or loyalty programs to capture and consolidate data in a centralized manner.
Data cleaning
AI can help clean and organize customer data to ensure its accuracy and quality. AI can detect and correct errors, standardize formats, and remove duplicates or irrelevant information.
Additionally, AI will continuously learn from its own data-cleaning process, and improve its accuracy over time. This helps enterprises maintain a clean and reliable database for analysis.
Data integration
By integrating data from across different sources and formats, AI can create a unified view of the customer. AI algorithms can, for example, merge data from CRM systems, website analytics, social media platforms and other sources into a single, cohesive dataset.
Such integrations allow businesses to gain a better understanding of customers’ interactions, behaviors and preferences.
Data analysis
AI algorithms can analyze vast amounts of customer data to identify patterns, trends, and insights. AI can uncover correlations, segment customers into specific groups, and make predictions about future behavior.
This helps businesses gain actionable insights to shape decision-making, such as identifying target audience segments, improving product offerings and optimizing marketing campaigns
Personalization and recommendation
As touched upon above in ‘Using AI to improve customer experience’, AI can leverage customer data to deliver personalized recommendations and experiences.
By analyzing individual preferences, purchase history, and browsing behavior, AI can suggest relevant products, content or offers to each customer. This personalization enhances customer engagement and increases the likelihood of conversion.
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