SAN DIEGO, Jan. 09, 2024 (GLOBE NEWSWIRE) — Tealium, the largest independent and most trusted customer data platform (CDP), launched its fifth annual State of the CDP report, Unlocking the Transformative Power of AI and Real-Time Data for CX, on the 9th of January. The report comprised a global survey of 1,200+ IT, operations, marketing, and data and analytics leaders.
The report found that investment into real-time data accelerated in 2023, with 80% of respondents stating that leveraging real-time data is a critical business objective.
“Real-time data is truly mission-critical for a successful business strategy,” said Heidi Bullock, CMO at Tealium. “With the use of AI accelerating, the need for enterprises to adopt real-time data practices has become more significant. Embracing these technologies not only ensures a competitive edge today, but it also positions businesses to navigate the ever-evolving landscape of tomorrow, where resilience and agility fueled by real-time insights become the cornerstone of lasting success.”
For instance, a major retail company and Tealium customer, Bluestem Brands, is leveraging real-time data to enhance customer engagement and in-the-moment experiences.
“At Bluestem, we redefine engagement by seamlessly merging the tactile allure of print with the dynamic capabilities of digital,” said Eric Laubach, Bluestem Brands. “Imagine receiving a dynamically printed postcard showcasing the very items you left behind in your online cart—a personalized call to action that surpasses the boundaries between physical and digital channels. We don’t just retarget abandonment, we create activations, and turn abandoned carts into opportunities for our customers to build, rebuild, or establish credit for a better financial life for themselves and their families.”
Additionally, leading wireless brand and Tealium customer, TracFone Wireless, a Verizon company, is building real-time data pipelines to accelerate media efficiency and customer experiences.
“Access to the right data, in real time, is critical to the success of building a true 360-view of our customers,” said Burak Ozan, Verizon Value Organization. “Through real-time visibility into customer behavior, we are better able to enhance the entire journey by offering proactive support and enhanced, personalized services. In today’s ever-changing world, real-time data is a tremendous asset to remaining agile.”
As 2023 was hailed as the year of AI, a majority of CDP users were already receiving value from AI, with 80% of companies with CDPs recognizing business value from AI technologies versus those without (51%). About 91% also responded that having a CDP in place was critical in providing the right data for AI and machine learning initiatives.
Additionally, CDPs were found to impact organizations’ bottom line, with efficient data-driven initiatives leading to immense cost savings. For instance, 90% of respondents are seeing significant value from their investments in CDPs, with 89% stating satisfaction in meeting their enterprise goals over the last year.
To read the full report, download the fifth annual State of the CDP.
To keep up with the latest company news, visit Tealium’s Newsroom.
About Tealium
As the most trusted CDP, Tealium connects customer data across web, mobile, offline, and IoT so businesses can better connect with their customers. Tealium’s turnkey integration ecosystem supports more than 1,300 built-in connections, empowering brands to create a complete, real-time customer data infrastructure. Tealium’s solutions include a customer data platform with machine learning, tag management, an API hub and data management solutions that make customer data more valuable, actionable, privacy-compliant and secure. More than 850 leading businesses throughout the world trust Tealium to power their customer data strategies. For more information, visit www.tealium.com.
