Pini Yakuel is founder and CEO of Optimove, the industry’s leading Customer Marketing Cloud, empowering marketers to maximize their customer's value. Optimove is used by 180+ businesses, including Zynga, Caesars Interactive, Lucky Vitamin, and Outbrain.
They achieve this by noticing and analyzing subtle nuances: gestures, voice intonation, word choice, facial expressions – stated and implied codes that transpire between people – and adjusting their behavior accordingly. The jury is still out on the quintessential quantification method of EQ, but we don’t really need a test: we recognize people with high EQ as the good listeners, the ones that nurture in us the feeling that we are understood, and who react to us seamlessly. In his research of EQ, psychologist Daniel Kahneman of Nobel Prize fame found that people prefer to do business with a person they like and trust rather than someone they don’t know, even if that person is offering a better product at a lower price.
Imagine if brands could do that!
The People Behind the Data
“The aim of marketing is to know and understand the customer so well that the product or service fits him and sells itself,” said management guru Peter Drucker (back in 1974!). The central principle of marketing is that knowing a customer better helps you to offer products and services they actually want. Understanding the context of a customer has always been a part of that, but recently the amount of contextual information available to marketers has sky-rocketed.
Personalization is a first step – we know that because automated emails now use our first name more often than our own parents. The ability to call customers by name and display weather-appropriate apparel, for instance, is a good start for making a connection. But if you were able to look at a picture of all of your customers on a TV screen, personalization would convey a terribly crude, low definition picture, flattened into nine or twelve pixels. You would target the green pixel differently than the yellow one, but that’s about the amount of differentiation you could base your customer engagement on.
If you’re still viewing your customers through that pixelated paradigm, you are missing out on the next wave in the customer revolution, empowering brands to be actually sensitive to their customers and display emotional intelligence and personality in the way they communicate.
The key to achieving a higher definition is in the data. Your customer data is technology’s equivalent to the gestures, tone, content and expressions that emotionally intelligent humans perceive. Your customers’ affinities, wants, needs and hesitations are all engrained in the data. But in order to create that emotional intelligent communication with your customers, you need the technology that will translate that data into behavioral patterns.
Nurture Your Biggest Asset
Cutting edge customer marketing technologies have the ability to deliver an increasingly granular and defined picture of your customers. As algorithms and data analytics become more sophisticated, those pixels on your TV screen become continuously smaller. Suddenly you notice that the blue pixel is actually not blue at all – it’s four pixels: green, grey, brown and light-blue. Now you can target increasingly defined groups of customers, each one with the message, content or offer that matches their preferences, place in the customer journey, touchpoint and state of mind. And as the technology keeps on collecting and parsing data, your customers’ picture is finally exhibited in its fully highly defined glory.
This is emotionally intelligent communication that gives successful businesses an edge over the competition by winning over the hearts of customers and helping them nurture the biggest asset they have – their customer base.