OMNI Channel & personalization - building your success

25
2015 RichRelevance, Inc. All Right Reserved Building OMNI channel

Transcript of OMNI Channel & personalization - building your success

2015 RichRelevance, Inc. All Right Reserved

Building OMNI channel

OMNI channel

2015 RichRelevance, Inc. All Right Reserved

Observations of omnichannel customers…

• 30% higher lifetime value than single-channel shoppers.

• Visit websites 15x more often than an average user – but they

also purchase more in store.

• 1% lift in site-wide revenue when store data sales incorporated

into their online recommendations.

• 50% of offline retail is influenced by online

Importance of Omnichannel

2015 RichRelevance, Inc. All Right Reserved

What Is Omnichannel Personalization?

eCommerceMarketing

Apps CRM/DMP 3rd PartyPOS +

Inventory

Customer

Service

PERSONALIZATIONCustomer experience data: Behavior, Preferences, History, Interactions

OMNICHANNEL DATA

OMNICHANNEL TOUCHPOINTS

Email Mobile Social Web Store(associate,

kiosk)

Contact Center(agent, chat)

2015 RichRelevance, Inc. All Right Reserved

The Omnichannel Personalization

Maturity Model™

ONLINE

EXPERIENCE

OFFLINE

INTEGRATION

SEAMLESS DIGITAL

EXPERIENCE

SEAMLESS PHYSICAL

EXPERIENCE

OMNICHANNEL

INNOVATION

• 1-to-1 dialogue with customer,

regardless of channel

• Personalized catalogs

• Cross channel customer

matching

• Location-based targeting in-

store

• Custom applications

• Integrated POS for in-store

personalization: click and

collect, returns saver, e-

receipts

• Store assistant app for

clientelling

• Personalized interactions with

contact center agent app

• Omnichannel journey analytics

• Develop single view of the

customer

• Personalized mobile and tablet

apps using web, mobile, offline

data

• Integrated email for

promotions, cart abandonment,

receipts

• Digital journey analytics

• Cross device/cross ID

customer matching

• Refined personalization using

offline (POS) transaction

history

• Enhanced segments using

CRM or 3rd party data (Acxiom,

Merkle, etc)

• Connecting store to online with

local inventory at preferred

stores

• Individualized experiences on

site

• Personalized

recommendations, content,

promotions, sort and search

• Shopper preferences

influenced experiences

• Affinity/compatibility based

merchandising

LEVEL 1

LEVEL 2

LEVEL 3

LEVEL 4

LEVEL 5

Single touchpoint personalization using single channel data

Single touchpoint personalization using omnichannel data

Digital touchpoint personalization using omnichannel data

Non-digital touchpoint personalization using

omnichannel data

Realtime 1:1 interactions

2015 RichRelevance, Inc. All Right Reserved

ONLINE EXPERIENCEOMNICHANNEL PERSONALIZATION

ONLINE

EXPERIENCE

OFFLINE

INTEGRATION

SEAMLESS DIGITAL

EXPERIENCE

SEAMLESS PHYSICAL

EXPERIENCE

OMNICHANNEL

INNOVATION

2015 RichRelevance, Inc. All Right Reserved

Personalized content and

promotions

Personalized product

discovery

Affinity/compatibility based

merchandising

Capturing shopper

preferences

Online ExperienceSingle touchpoint personalization using single channel data

SOLUTION

IMPACT

2-10% revenue lift site-wide using

various personalized experiences compared to none

2015 RichRelevance, Inc. All Right Reserved

OFFLINE INTEGRATIONOMNICHANNEL PERSONALIZATION

ONLINE

EXPERIENCE

OFFLINE

INTEGRATION

SEAMLESS DIGITAL

EXPERIENCE

SEAMLESS PHYSICAL

EXPERIENCE

OMNICHANNEL

INNOVATION

2015 RichRelevance, Inc. All Right Reserved

POS Transactions• Orders

• Returns

Shopper Profiles• Legacy household data

• 3rd party segments

• Loyalty

Pro tip: Offer customers the ability to

save preferred store to account

DATA SOURCES

Offline IntegrationSingle-touchpoint personalization using omnichannel data

2015 RichRelevance, Inc. All Right Reserved

SOLUTIONEnhanced personalization by:

• Mapping online and offline shopper history

• Improving product & category purchase affinity models

• Improving product & category top seller models

Online Offline Omni.

INSIGHTSCustomers who buy both in stores and online on an

average:

• Spend 3x more than store-only customers and 7x more

than web-only customers

• Visit the web 3x more than web-only customers

• Spend 40% on the web and 60% in stores

POS Transactions Integration$1B Luxury Department Store in U.S.

IMPACT

1% revenue

lift site-wide using POS

transactions compared

to online data only

2015 RichRelevance, Inc. All Right Reserved

SEAMLESS EXPERIENCE: DIGITAL

ONLINE

EXPERIENCE

OFFLINE

INTEGRATION

SEAMLESS DIGITAL

EXPERIENCE

SEAMLESS PHYSICAL

EXPERIENCE

OMNICHANNEL

INNOVATION

OMNICHANNEL PERSONALIZATION

2015 RichRelevance, Inc. All Right Reserved

- Login

- Anonymous

- Inferred

- Device

- CRM

- Loyalty

- Encrypted PII

- Device

- Social

- Explicit match

- Behavioral match3rd Party IDs

Retailer provided IDs

Native Personalization ID {rr}

Core User ProfileCUSTOMER MATCHING

Single View Of The CustomerMatch customers across sites, devices and channels

2015 RichRelevance, Inc. All Right Reserved

Single View of the CustomerChannel-agnostic user profile service

2015 RichRelevance, Inc. All Right Reserved

SOLUTIONKalahari developed personalized mobile site and app with

• Automated merchandising to surface the right product

• Key strategic placements in the right place

• Wider visible range to discover more products upfront

• Effective promotions based on replenishment strategies

KPI Lift

Revenue from app (% of total revenue) 25x

App conversion ~4x

Orders placed through app 30x

Revenue attributable to recommendations 30%

Mobile Site Mobile App

IMPACT

Mobile PersonalizationKalahari.com – eCommerce retailer with 8M products in South Africa

2015 RichRelevance, Inc. All Right Reserved

SOLUTION• Emails triggered on shopper events

• Abandoned cart

• Brand or category views

• Brand or category purchase

• Embedded personalized content and promotions

• Embedded personalized recommendations

KPI Lift

Campaign sales 20.2%

Conversion 8.4%

AOV 4.8%

50-50 A/B test with recs in email vs. no recs in email

IMPACT

Email Personalization2.3B Euro B2B office supplies retailer in Germany

PRODUCTS SIMILAR TO ONES IN YOUR CART

2015 RichRelevance, Inc. All Right Reserved

SEAMLESS EXPERIENCE: PHYSICAL

ONLINE

EXPERIENCE

OFFLINE

INTEGRATION

SEAMLESS DIGITAL

EXPERIENCE

SEAMLESS PHYSICAL

EXPERIENCE

OMNICHANNEL

INNOVATION

OMNICHANNEL PERSONALIZATION

2015 RichRelevance, Inc. All Right Reserved

Seamless Physical ExperienceNon-digital touchpoint personalization using omnichannel data

• Integrated POS for in-store personalization: click and collect,

returns saver, e-receipts

• Store assistant app for clientelling

• Personalized interactions with contact center agents or live chat

• Omnichannel journey analytics

Pro tip: Use email personalization to

drive store traffic

2015 RichRelevance, Inc. All Right Reserved

SOLUTIONLeveraging an integrated technology solution developed by

Oracle, YESPay and RichRelevance, “Project MAX” enables

sales associates to locate and sell a product anywhere in the UK

supply chain, by scanning or searching product names or

descriptions using in-store mobile POS tablets.

IMPACTProject MAX stores vs. non-MAX stores

• 133% increase in AOV

• Increase in one item per check out basket

• Reduced returns by 2%

• Improved customer experience: 84% “excellent” rating

Store Associate ApplicationMonsoon Accessorize: Apparel and accessories retailer

with 1,400 stores in 74 countries

2015 RichRelevance, Inc. All Right Reserved

SOLUTIONThe kiosk experience that we developed served as a

genuine queue-buster and aspirational introduction. With

product recommendations, we have created an “endless

aisle” experience that showcased the entire range of the

cross channel catalogue.

3000 + 65% vs. 19% 8% vs. 3%*

IMPACT

• Application is live on kiosks in 1000 stores worldwide.

• A customer experience platform that successfully

connects the dots of the in store journey.

Personalized Kiosk ApplicationMarks and Spencer: $15B Multi-national department store

2015 RichRelevance, Inc. All Right Reserved

OMNICHANNEL INNOVATION

ONLINE

EXPERIENCE

OFFLINE

INTEGRATION

SEAMLESS DIGITAL

EXPERIENCE

SEAMLESS PHYSICAL

EXPERIENCE

OMNICHANNEL

INNOVATION

OMNICHANNEL PERSONALIZATION

2015 RichRelevance, Inc. All Right Reserved

Omnichannel Innovation

• Tailored algorithms and applications

• Personalized catalogs

• Cross channel customer matching

• Location-based targeting in-store

• 1-to-1 dialogue with customer, regardless of channel

Real-time, 1:1 innovative interactions

Pro tip: Take steps to break down silos across e-commerce, retail and marketing

functions, approaching programs with the same channel agnostic view as the consumer.

2015 RichRelevance, Inc. All Right Reserved

SOLUTIONUsing Build-your-own-strategy, Wine.com can quickly

develop, test and measure innovative new

recommendation algorithms that leverage real-time

access to customer data—without having to build out

the I.T. architecture required to do so.

IMPACT

Tailored Personalization AlgorithmsWine.com: Ecommerce wine merchant in U.S.

with 13,000 different bottles

Tailored Algorithm

IMPACT:

30% higher revenue from tailored algorithms

2015 RichRelevance, Inc. All Right Reserved

IMPACTDuring the peak shopping season in late November and early December,

Magic & Sparkle gift app was immensely popular: 4K likes, 40K followers and

3M YouTube views.

Those shoppers who used the gift finder tool had a 12% higher conversion rate

than other shoppers and generated 85% higher revenue per session.

SOLUTIONM&S chose to collaborate with creative agency AKQA and RichRelevance

personalization platform to develop a gift finder tool could save its team from

time-intensive manual merchandising and deliver personalized product

discovery.

With the goal of maximizing the experience through relevance, RichRelevance

developed a real-time API that could return matching gifts based on shopper

personas such as “Greatest Gran”, “Little Prince”, or “One of the Girls”.

Gift Finder ApplicationMarks and Spencer: $15B Multi-national department store

2015 RichRelevance, Inc. All Right Reserved

2015 RichRelevance, Inc. All Right Reserved

Thank you

2015 RichRelevance, Inc. All Right Reserved

www.diginetica.com

[email protected]

+7 (495) 134-2435