Sunday, May 28, 2017

Virtual Reality, Artificial Intelligence | Marketing, Technology

Virtual reality: A New Technology Revolution

Customers have made their preference for online and mobile commerce clear, and as companies continue to adapt to this and propel towards providing advanced self service, Virtual Reality and Artificial Intelligence are stepping into the limelight. Sylvia Jensen, Director of Marketing EMEA at Oracle Marketing Cloud, discusses this technology revolution and what it means for the future.

The dynamic between brands and customers has reached a tipping point, and all signs point to a technology revolution that will yet again reshape the customer experience. People have made clear their preference for online and mobile commerce and in response, companies are moving further away from real-life, human interactions in favour of advanced self service. So it is no surprise that large proportions of sales and marketing leaders are citing Virtual Reality and Artificial Intelligence as the biggest game-changers in communication for 2017 and beyond.

Self Service Gets an Upgrade

From VR dressing rooms on a retailer’s website to intelligent chatbots on a telecoms company’s service portal, merchants are already finding ways to make the customer experience more convenient and familiar to consumers whose primary communication platforms have become messaging apps and social networks.

AI and VR have the potential to greatly enhance the customer experience but brands must ensure they are set up to succeed. Unless these technologies are underpinned by an overarching data strategy that unifies and organises customer and prospect data, they will only deliver a fraction of their potential. Brands will always look to experiment with new technologies as they try to find ways of delivering innovative and memorable experiences for their customers, but they need to ensure that they are able to truly understand their customers first. Having the right data will enable organisations to deliver a better, more personalised experience to their customers and deliver the right message to the right person at the right time on the right channel – through VR, AI, on social or otherwise.

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