DataFramed

#279 Customer Strategy in the Age of AI with David Edelman, Harvard Business School Fellow, Executive Advisor with BCG

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Jan 30, 2025
David Edelman, a Digital and Marketing Transformation Executive Advisor and co-author of "Personalized: Customer Strategy in the Age of AI," shares insights into the future of customer experiences. He discusses the shift towards personalization in marketing and how AI enhances this process. Edelman highlights the importance of understanding customer data while respecting privacy, using examples from various industries. He also emphasizes the significance of a structured approach to personalization and the role of trust in healthcare communication.
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ANECDOTE

Cisco's Personalized Food Ordering

  • Cisco's food delivery app personalizes the ordering experience for restaurants.
  • It considers factors like order history, location, and discounts, saving time and providing new menu ideas.
ADVICE

Leverage Zero-Party Data

  • Companies should utilize "zero-party data" by directly asking customers for information.
  • This builds trust, provides timely data, and demonstrates intent, as seen with Netflix's "thumbs up, thumbs down" feature.
INSIGHT

Data Trends

  • Third-party data is becoming less available due to privacy concerns and browser restrictions.
  • Second-party data, like retail media networks, offer an alternative for targeted marketing.
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