The News: Leading customer data platform (CDP) provider Treasure Data launched CDP for Service, a new platform dedicated to powering improved customer experiences. This new Treasure Data solution takes CDPs beyond marketing and sales departments and is designed to empower a new breed of customer service contact centers with real-time data and insights needed for personalized interactions. Read the full press release from Treasure Data here.
Analyst Take: I was excited to see Treasure Data’s launch of its CDP for Service Platform because I believe it’s the right solution at the right time. Today’s best in class organizations have realized that CDPs are an integral part of their MarTech stacks, and critical for their ability to connect and harness data customer data from multiple touchpoints like social media, websites, in-store, and others.
That said, not every organization is there yet. In fact, we find that many organizations are relying on CDPs and processes that are outdated. For example, a CDP might serve only marketing, or only sales, rather than being connected to and serving the organization as a whole, which is a significant problem. Data that’s collected by an organization’s CDP often remains siloed, collected and managed by various parts of an organization, but not accessible by others. For customer service contact centers, this can often lead to a disjointed customer experience and, equally important, have a negative impact an organization’s bottom line.
Customers today expect organizations to provide excellent customer experiences whether those experiences are online, in-store, or handled by way of customer service agent. This requires that contact centers have access to real-time data and complete customer profiles — something that has not existed until now. That’s what makes Treasure Data’s CDP for Service offering so attractive.
Treasure Data’s CDP for Service is integrated with all customer service systems, whether its voice, chat, or another digital channel. Contact center agents are empowered with complete, 360-degree customer profiles with real-time data from marketing campaigns, purchase history, and prior customer service interactions. With full access to this information in real-time, contact center agents can provide better service by way of recommendations and problem resolution. The Treasure Data CDP for Sales is also readily compatible with other service cloud platforms including Zendesk, Salesforce and others, which I think is a big value add.
Additional benefits of the Treasure Data’s CDP for Service include:
I’m all in on working to provide the optimum in customer experiences, but it’s also very important for organizations to likewise focus on improving their own employee experience across the board. And the Treasure Data CDP for Service offering will no doubt have an impact on employee experience. In 2019, call center attrition rates were averaging 35 to 45 percent. It’s highly likely that those numbers have increased driven by a pivot to remote work necessitated by the pandemic and myriad factors challenging employees and their families along the way. a time when employees are leaving organizations for better opportunities en masse, providing agents with technology that makes their jobs not only easier, but infinitely more enjoyable, is a no brainer.
Brands need technology solutions and partners who are accessible, flexible, agile, and can scale as needed. Treasure Data delivers on all fronts with an enterprise-grade CDP capable of managing and analyzing thousands of pieces of data across the organization. Treasure Data’s CDP for Service is the next step in their mission to unify and drive value for the organization while meeting the unique needs of every customer. And at the end of the day isn’t that what we want from every software?
Disclosure: Futurum Research is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.
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The original version of this article was first published on Futurum Research.
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