Businesses Want A Single Customer View
Businesses of all sizes understand the importance of a single, unified customer view. A single view of the customer is beneficial to companies, as the unified identity allows for an aggregated representation of personal data and customer behavior. While a consistent customer view is advantageous, its implementation is limited, as many businesses struggle to overcome the challenges associated with building a complete view of the customer. Without a holistic representation of the customer, organizations lack the visibility they need in order to keep business moving forward efficiently.
A Single View of the Customer Provides Numerous Benefits
Organizations strive to deliver effective marketing and sales campaigns in order to boost revenue and drive new business. In order to deliver better campaigns and empower field sales teams, having an identity management solution that allows businesses to obtain a single customer view is crucial. A unified view of a customer allows companies to look into and examine previous customer behaviors, interactions, purchases, etc., to better analyze and target customers. Moreover, a single view empowers sales teams as it provides them information to develop a complete understanding of prospects and customers. Sales teams can understand what products prospects and customers have expressed interest in, what has already been purchased, documents that have been signed, and even feedback and reviews regarding the product. Because companies more often than not have a number of departments which interact with consumers (sales, marketing, customer service, IT, etc.), customer data gets placed in a number of different systems. One department may use an ERP system to manage financial data, while another uses a CRM system to organize customer information. Other parts of the business might use billing, application tracking, and social media monitoring applications to engage with and understand customers.
A single customer view benefits organizations, allowing them to minimize costs, simplify business processes, and have the strategic edge over the competition. With a 360 degree view of the customer in a single location, business can run more efficiently and effectively. Not only are companies able to better target and drive business with a higher quality of insight, they can also minimize costs by avoiding ineffective marketing tactics. Additionally, a unified view of the customer on a single interface ensures that business can run without complications when employees are out of the office, sick, or on vacation.
A study conducted by Gartner states that, “To successfully target, acquire, develop and retain customers, organizations rely on accurate, comprehensive, up-to-date customer information and insight.” This insight provides businesses deeper visibility into their customers and their behaviors, allowing them to better market and sell products. Moreover, as businesses grow and the channels of customer engagement increase, the importance of creating a comprehensive and accurate understanding of the customer increases as well. Building a complete customer view has become a major challenge for businesses to overcome, but one which has a very valuable payoff.
Challenges Surround Single Customer Views
With several systems and applications managing different types of information, it is difficult to create a single customer view in which all the details associated with the customer are in one location. Moreover, legacy systems complicate matters, creating difficulties when it comes to sharing data, as they are outdated and inflexible. Data silos, systems that hold valuable information, are isolated, making it difficult for organizations to be optimally productive.
As businesses employ SaaS and cloud based applications and systems, sharing data with on-premise systems becomes complicated. Furthermore, as the number of devices and channels of engagement increase (mobile, computers, tablets, face-to-face, apps, etc.) it becomes increasingly difficult to manage information related to a single customer when it comes from numerous devices, databases, applications, and departments. Disparate applications contain all sorts of customer data and without a single customer view, businesses must run multiple applications at once to obtain all that information. Switching back and forth between different applications can complicate tasks and slow down performance. What’s more, different systems must not only communicate seamlessly, they must also be aware of business rules associated with each application and service.
Create A Single Customer View With MuleSoft
MuleSoft makes it easy for businesses to build a single customer view in order to effortlessly manage up-to-date and comprehensive information about their customers. The Anypoint™ Platform is a solution built on top of the most used open source platform that provides a number of components to create seamless integration across the enterprise.
The Anypoint Platform offers a number of valuable components, such as CloudHub and Mule Enterprise Service Bus (ESB), that make it easy to share information across applications, services, and systems. Moreover, MuleSoft simplifies management and maintenance of information through a unified interface, making customer data accessible to those who need it. With CloudHub and Mule ESB, companies can employ Anypoint Connectors to create connectivity to popular applications and services, thereby enabling seamless interoperability throughout the enterprise. This seamless connectivity allows businesses to share data in real-time across departments and applications.
Additionally, other components such as DataWeave and Anypoint Enterprise Security allow businesses to integrate data safely and securely. DataWeave provides simple yet powerful data mapping and transformation through a graphical interface. This element, makes it easy to eliminate duplicate profiles of customers. John Doe, John D, and Johnny Doe profiles can be filtered through by defining rules and mapping requirements to be identified as the same individual, uncluttering systems. Moreover, Enterprise Security protects businesses from unauthorized access, unwanted exposure of data, and unwelcome security attacks, making it easy to manage customer data safely and securely. What’s more, SAML, OAuth, and WS-Security enable single sign on (SSO) by allowing users to share credentials with a single entity, thereby protecting user credentials. Single sign on solutions makes it easy for businesses to validate credentials and access information without entering passwords and usernames numerous times. SSO portals not only makes it easy for users to access services, they also protect APIs within the enterprise.
MuleSoft offers integration solutions for organizations to share valuable customer data across the business ecosystem is easy. Building a single, comprehensive view of a customer is simple with the help of MuleSoft. Learn more about MuleSoft’s Anypoint Platform and its other components or contact us today to see how the Anypoint Platform can help organizations efficiently drive business.