During the last quarter of 2013 The Marketing Society and SAP ran a LinkedIn poll targeting senior marketers in the Asia-Pacific region, asking the question “Which marketing trend will be a game changer for your business in 2014?”
The results from this poll indicate that Asian-Pacific marketers are shifting their focus from products and services, to engaging with their customers on their terms.
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“It’s not enough to
understand the needs
of the customer
today; you need to
forecast the needs of a
customer tomorrow.”
Singapore Eyes Big Data
For respondents in Singapore, big data slightly edged
out the other trends (see Figure 2, “Big Data Tops
the List in Singapore”). Respondents were quick to
note, however, that big data requires an upgrade in
skillsets. “Harnessing customer insights via big data
is definitely the strategy to go to, if companies are
willing to invest time and money in it,” one respondent
noted. “Big data can be daunting, as you need to sift
the gold from the sand to find the analytics that can
get you the right results.”
Loyalty Above All in India
Respondents were asked, “Which marketing trend will be a game
changer for your business?”
Improving customer loyalty
32%
Mobile
28%
Big data
21%
Real-time offer management
16%
None of the above
3%
FIGURE 3 Base: 1,314 respondents
Mobility is also very much on the radar among
Singapore respondents. “Smartphone ownership is high
with my target market,” one said. “Mobile will be the
platform, while customer insight comes in second.”
Customer Loyalty Top Trend in India
More than one-third of respondents in India named
customer loyalty as the marketing trend with the highest
impact (see Figure 3, “Loyalty Above All in India”). One
Big Data Tops the List in Singapore
Respondents were asked, “Which marketing trend will be a game
changer for your business?”
Big data
40%
Mobile
29%
Improving customer loyalty
26%
Real-time offer management
4%
None of the above
1%
FIGURE 2 Base: 138 respondents
Source: SAP/Marketing Society via LinkedIn
respondent summed up the views of many in the region:
“Only customer loyalty can be part of a long-term
strategy and can be the most effective in the survival of
the business. [The other choices] are temporary and will
not allow you to survive.”
Another respondent emphasized the importance of
not just meeting but also predicting customer needs
and desires, which involves big data analytics. “It’s
not enough to understand the needs of the customer
today; you need to forecast the needs of a customer
tomorrow,” he said. “And to do that effectively, you
need two things: to harness customer insights (big
2
Marketing Society
Source: SAP/Marketing Society via LinkedIn
data), analyze and use it to predict future customer
behavior models; and to innovate, create, develop and
bring to life the solutions to meet those behaviors.”
The importance of big data was echoed by another
respondent, who also looked further down the road at
providing those insights in real time. “Applying big data
analytics on huge amounts of data and then giving the
insights in real time so one can make the right decision
at the right time is the next game changer,” he said.
For another Indian survey participant, mobility is the
centerpiece of the marketing strategy. “All the other
things—harnessing customer insights, improving
customer loyalty, real-time offer management—depend
on the success of your enterprise mobility strategy.”
Across the Asia-Pacific region, respondents were in
agreement that driving customer loyalty is paramount.
“We must focus on creating customer loyalty,” said one
respondent. “It’s this consistent devotion to truly serving
the customer, at every point of customer contact, that
will retain the customers you’ve got and obtain a steady
stream of new customer referrals.”
A respondent from India summed up: “These same
customers will become the most effective sales team
you could ever build, spreading the good news about
your business to everyone in their network.” n
Lauren Gibbons Paul has written extensively on customer relationship management and customer experience management for
more than 15 years.
This research project was funded by a grant from SAP.