If you've been paying attention to the customer experience management arena over the past two years -- and what marketer hasn't -- you've probably noticed the tools have grown far more sophisticated and far less expensive.
That helps to explain why 750 marketing practitioners signed up for SDL's Innovate conference in San Francisco, where CMO Paige O'Neill hosted three days of activities around CXM from training sessions and keynotes to consultations and, of course, parties.
O'Neill has been at SDL for only about eight months, joining the UK-based company after a 3.5-year stint as vice president for marketing at Aprimo before its acquisition by Teradata. Before that, she was vice president for marketing at Aravo.
Challenges and Opportunities
CMSWire sat down with O'Neill at the conference to get her take on her market, her job, her preferred tools and her pain points as CMO in a red-hot marketing sector. She also shared valuable insights on the role of conferences produced by technology companies.
Murphy: Customer experience has been coming of age for two decades. What game-changing advances have you seen in the last year or two?
O'Neill: The thing I've seen happening recently that I think is quite exciting is the cost of the technology is coming down. It used to be a multimillion-dollar, multiyear exercise that was really only available to the largest, usually B2C companies that were able to get a big data warehouse, build custom technology and start to sort out their data so they can apply it to understanding the customer. Now, because of the access to technology, and because we have been at this for 20 years -- even though we haven't been calling it that for 20 years -- and because of the innovation coming out of everywhere from enterprise companies to little startups, the accessibility has expanded dramatically, I think just in the last 18 months.
We're seeing now it's just a few months and a couple of hundred thousand dollars to solve these problems, if that. And there are price points even lower. So when that starts to happen, you're really at the crossing-the-chasm point with this technology. We've been talking about it a long time and now it's accessible to mid-size and even some larger-small-size companies. I think that's exciting.
Murphy: The recent move to omnichannel communication has become an imperative in marketing, especially as it relates to customer experience. What's your take on how SDL customers are adapting to that change?
O'Neill: I think they're driving that change. Every marketer I talk to has digital as their top priority. I think we're in a unique position because we're a customer experience vendor. Our customers are pushing the envelope on this adoption. I was just with the CMO of a very large CPG [consumer packaged goods company] two weeks ago in London, and he's talking about digital 3.0 within his own brand. So they're in their third iteration.
Their first iteration was 'we've got to get our arms around the channels.' That was several years ago. The second iteration was social and 'we've got to get sharing' and 'we want to incite as many people as possible in our consumer base to participate.' Now, digital 3.0 is how do we segment the personas of our customers, understand what's important to them and custom-tailor context, content, experience so that we're having this one-on-one dialogue with them. That's the kind of conversation I'm having with all our customers, maybe not 100 percent, but the majority of them.
Murphy: Now let me ask you about the broader market. What percent of the marketers beyond your own customers are making this move? And how much more market is there for SDL?