Despite personalization’s ‘must-have’ status in retail, it is also one of the industry’s most misunderstood concepts. Selecting and deploying personalization solutions is a challenge, and not due to lack of choice. In fact, there are numerous vendors that promise to enable personalized shopping experiences. In addition to an overpopulated marketplace, the industry is also confronted with another challenge: how to select and deploy personalization solutions when it is unclear what personalization looks like.
Instead of thinking of physical, mobile, desktop, social etc. as individual channels, retailers must take a holistic view of their business that places the shopper at its heart. To achieve this, companies must truly understand their customer base and behavior, which means deploying the right personalization tools at the back end to deliver the right kind of personalized experience at the front end. Here’s how: