{"id":3302,"date":"2023-03-08T21:10:00","date_gmt":"2023-09-04T21:10:45","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=3302"},"modified":"2023-10-17T18:39:29","modified_gmt":"2023-10-17T18:39:29","slug":"customer-intelligence-for-smarter-business","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/eu\/blog\/customer-intelligence-for-smarter-business\/","title":{"rendered":"Why Customer Intelligence is Key to a Smarter Business"},"content":{"rendered":"\n<p>Customer intelligence is becoming a vital business tool as the digital landscape continues to evolve. Organisations are collecting far more data than ever before, and using that data to gain deep <a href=\"https:\/\/www.salesforce.com\/eu\/blog\/2022\/12\/stay-ahead-of-consumer-behaviour.html\" target=\"_blank\" rel=\"noopener\">insights into consumer behaviour<\/a> is essential for staying ahead of the competition. Through customer intelligence, companies can improve their service, optimise marketing activities, <a href=\"https:\/\/www.salesforce.com\/eu\/blog\/2021\/01\/building-customer-connections-tips.html\" target=\"_blank\" rel=\"noopener\">build better relationships<\/a>, and identify new opportunities and trends in the marketplace. <\/p>\n\n\n\n<div class=\"layout-six wp-block-salesforce-blog-offer\">\n\t<div class=\"wp-block-offer__wrapper\">\n\n\t\t<div class=\"wp-block-offer__content\">\n\t\t\t<h2 class=\"wp-block-offer__title\"><span>Improve every customer experience<\/span><\/h2>\n\t\t\t\t\t\t\t<p class=\"wp-block-offer__description\">Explore tips on how to engage, reward, and retain your customers in our e-book.<\/p>\n\t\t\t\n\t\t\t\n\t\t\t\t\t\t\t<div class=\"wp-block-button\">\n\t\t\t\t\t<a class=\"wp-block-button__link\" target=\"_blank\" href=\"https:\/\/www.salesforce.com\/eu\/form\/pdf\/customer-experience-for-smb\/?d=inc-blog-banner&#038;nc=7013y000000ZwOEAA0\">Get the E-Book<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t<div class=\"wp-block-offer__media\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/www.salesforce.com\/eu\/blog\/wp-content\/uploads\/sites\/14\/2023\/03\/cust-xp-smb-blog-img-768x432-eu.png\" class=\"attachment-full size-full\" alt=\"Thriving in the Experience Economy\" srcset=\"https:\/\/www.salesforce.com\/eu\/blog\/wp-content\/uploads\/sites\/14\/2023\/03\/cust-xp-smb-blog-img-768x432-eu.png 768w, https:\/\/www.salesforce.com\/eu\/blog\/wp-content\/uploads\/sites\/14\/2023\/03\/cust-xp-smb-blog-img-768x432-eu.png?w=300&amp;h=169 300w, https:\/\/www.salesforce.com\/eu\/blog\/wp-content\/uploads\/sites\/14\/2023\/03\/cust-xp-smb-blog-img-768x432-eu.png?w=150&amp;h=84 150w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/>\t\t<\/div>\n\t<\/div>\n\n\t\n\t<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><b>What is customer intelligence?<\/b><\/h2>\n\n\n\n<p>Customer intelligence is a process that uses customer data and <a href=\"https:\/\/www.salesforce.com\/eu\/blog\/2022\/11\/choose-business-analytics-tools.html\" target=\"_blank\" rel=\"noopener\">business analytics<\/a> to generate insights into consumer behaviour. These insights can help companies understand consumers\u2019 decision-making processes, their lifestyles, their pain points and their preferences. Put simply, consumer intelligence helps businesses know their customer better.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>The benefits of customer intelligence<\/b><\/h2>\n\n\n\n<p>Customer intelligence can be used to understand what consumers value most in a business and why they choose certain products or services over others. <\/p>\n\n\n\n<p>Some of the biggest business benefits of customer intelligence include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\"><a href=\"https:\/\/www.salesforce.com\/eu\/blog\/2023\/01\/data-driven-marketing-for-smb.html\" target=\"_blank\" rel=\"noopener\">Lower marketing costs and more relevant offers<\/a>.<\/b> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Frictionless purchasing experiences.<\/b> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Improved customer service.<\/b> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">The ability to identify and capitalise on new trends.<\/b> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Better cross-selling and upselling opportunities.<\/b> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">More <a href=\"https:\/\/www.salesforce.com\/eu\/blog\/2022\/10\/tips-for-new-sales-techniques.html\" target=\"_blank\" rel=\"noopener\">effective sales strategies<\/a>.<\/b> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Improved <a href=\"https:\/\/www.salesforce.com\/eu\/blog\/2023\/01\/brand-management-for-smb.html\" target=\"_blank\" rel=\"noopener\">brand management<\/a>.<\/b> <\/li>\n<\/ul>\n\n\n\n<p>By understanding customer behaviour and preferences, companies can identify new markets and develop products and services to meet emerging needs. And in a climate where customer expectations and needs are rapidly changing, these insights can provide <a href=\"https:\/\/www.salesforce.com\/eu\/blog\/2021\/04\/insights-for-brand-differentiation-digital.html\" target=\"_blank\" rel=\"noopener\">a valuable competitive advantage<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>Nine tips for using customer intelligence<\/b><\/h2>\n\n\n\n<p>Data is everywhere. In fact, businesses can easily be overwhelmed by the sheer amount of customer data at their disposal. To be useful, that data needs to be turned into actionable information. That information can then be used to power business improvements, with the customer at the heart of that strategy. <\/p>\n\n\n\n<p><b>Here are nine tips for using customer intelligence to build a smarter business.<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b>Collect data from all touchpoints. <\/b>Today\u2019s customer interacts with businesses on more touchpoints than ever before. Ensure that you\u2019re gathering information about all of these interactions, whether they occur on social media, in brick-and-mortar locations, through email, over the phone, via lead-capture forms or on your website. Uniting this information will provide you with a more complete view of your customer.<\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Use a reliable CDP (Customer Data Platform).<\/b><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\"> To unlock the full potential of customer intelligence, you\u2019ll need to <\/span><a style=\"font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em; background-color: rgb(255, 255, 255);\" href=\"https:\/\/www.salesforce.com\/eu\/blog\/2022\/07\/customer-data-management-for-sme.html\" target=\"_blank\" rel=\"noopener\">put your data in the driver\u2019s seat<\/a><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">. A <\/span><a style=\"font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em; background-color: rgb(255, 255, 255);\" href=\"https:\/\/www.salesforce.com\/eu\/blog\/2022\/10\/what-is-a-customer-data-platform.html\" target=\"_blank\" rel=\"noopener\">good customer data platform<\/a><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\"> is a powerful tool for centralising data and providing hyper-personalised customer journeys. For example, by using the real-time data provided by a <\/span><a style=\"font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em; background-color: rgb(255, 255, 255);\" href=\"https:\/\/www.salesforce.com\/eu\/campaign\/successnow\/?d=inc-blog-banner\" target=\"_blank\" rel=\"noopener\">CDP,<\/a><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\"> a service rep can become a highly effective salesperson by offering the right product to the right customer at the right time.<\/span> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Identify the data that will be most helpful in achieving your goals.<\/b><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\"> Not all data is created equal. When diving into your customer data, it\u2019s important to know what you ultimately hope to achieve with it. Decide what areas of your business you\u2019d like to improve first, then look at what information will be most impactful in driving these improvements. You can then set KPIs, or Key Performance Indicators, to measure your progress towards those goals.<\/span> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Use your customer intelligence to create new offerings.<\/b><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\"> Consumer intelligence is vital for developing new products or services. After all, you\u2019ll want to know there\u2019s a market for new offerings before spending valuable time and money to develop, launch and promote them. Some businesses have even gone beyond just analysing existing customer data, instead inviting customers to actively join in product development. This process, called co-creation, can not only lead to exciting new offerings; it can also drive brand loyalty.<\/span> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Monitor your online reputation. <\/b><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Sometimes it\u2019s easy to know where improvements are needed, as your internal data will tell you where issues exist. Other times, customer feedback will be helpful in identifying problems. But look beyond this and keep an eye on your online reputation as well. Listen in on social media and see what customers are saying about your brand. Does your business have a positive reputation? Are there recurring problems being mentioned? Online chatter can help drive improvements, but it can also be a great way to identify brand advocates.<\/span> <\/li>\n\n\n\n<li><b>Re-imagine your audience segments.<\/b> You\u2019ll want to track the behaviour of traditional demographics \u2013 for instance, age bracket and income \u2013 but customer intelligence allows you to take a deeper dive into your audience segments. In addition to traditional demographics, your customer profile can consider: <\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Social media use.<\/li>\n\n\n\n<li><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Preferred shopping channels.<\/span> <\/li>\n\n\n\n<li><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Interests and lifestyle.<\/span> <\/li>\n\n\n\n<li><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Purchasing behaviour (i.e., frequency of purchases, average spend, etc.)<\/span> <\/li>\n\n\n\n<li><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Favoured media.<\/span> <\/li>\n\n\n\n<li><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Favourite brands.<\/span> <\/li>\n<\/ol>\n\n\n\n<p>Having a fuller picture of your customers will help you provide more targeted, relevant messaging on the channels they use most.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Perfect your pricing strategy.<\/b><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\"> Finding the right price for your offerings is essential for business success. After all, pricing not only affects profitability \u2013 it affects your products\u2019 perceived value. Customer intelligence can provide valuable insights into what consumers are willing to pay for your product or service. It can also show how they view it against competitors\u2019 offerings. Use your customer data to find your optimal price point. <\/span> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Optimise your marketing.<\/b><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\"> Use customer intelligence to see what your customers value most. Is it price? Brand values? Functionality? Style? Availability? You\u2019ll want to put a spotlight on this when communicating with your customers. You can create various marketing campaigns with different messaging, contact your customers through their preferred channels, and run A\/B testing to see what generates the best results. Then, just tweak and repeat.<\/span> <\/li>\n\n\n\n<li><b style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">Let customer pain points guide you. <\/b><span style=\"color: var(--c-nero); font-family: var(--f-secondary); font-size: 1rem; letter-spacing: 0.0012em;\">If customers have problems, offer them solutions. By addressing customer pain points, you can differentiate your business and create a competitive advantage. This differentiator will not only provide a smoother customer experience and create goodwill; it can help lead to new products. After all, <\/span>Kevlar was accidentally invented while trying to make car tires more efficient. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><b>Ready to turbocharge your customer intelligence?<\/b><\/h2>\n\n\n\n<p>Customer intelligence is a good guidepost for reducing costs while connecting with consumers. By <a href=\"https:\/\/www.salesforce.com\/eu\/blog\/2022\/11\/find-your-target-audience.html\" target=\"_blank\" rel=\"noopener\">knowing your target audience<\/a>, you can provide the right products at the right price, just when they need them most. And by identifying new opportunities in the marketplace, you can take your business in exciting new directions.<\/p>\n\n\n\n<p> <b>To learn more about how you can create exceptional customer experiences that stand out from the crowd, check out our guide, <a href=\"https:\/\/www.salesforce.com\/eu\/form\/pdf\/customer-experience-for-smb\/?nc=7013y000000ZwOEAA0\" target=\"_blank\" rel=\"noopener\">Thriving in the Experience Economy<\/a>.<\/b><\/p>\n\n\n\n<div class=\"layout-six wp-block-salesforce-blog-offer\">\n\t<div class=\"wp-block-offer__wrapper\">\n\n\t\t<div class=\"wp-block-offer__content\">\n\t\t\t<h2 class=\"wp-block-offer__title\"><span>Improve every customer experience<\/span><\/h2>\n\t\t\t\t\t\t\t<p class=\"wp-block-offer__description\">Explore tips on how to engage, reward, and retain your customers in our e-book.<\/p>\n\t\t\t\n\t\t\t\n\t\t\t\t\t\t\t<div class=\"wp-block-button\">\n\t\t\t\t\t<a class=\"wp-block-button__link\" target=\"_blank\" href=\"https:\/\/www.salesforce.com\/eu\/form\/pdf\/customer-experience-for-smb\/?d=inc-blog-banner&#038;nc=7013y000000ZwOEAA0\">Get the E-Book<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t<div class=\"wp-block-offer__media\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/www.salesforce.com\/eu\/blog\/wp-content\/uploads\/sites\/14\/2023\/03\/cust-xp-smb-blog-img-768x432-eu.png\" class=\"attachment-full size-full\" alt=\"Thriving in the Experience Economy\" srcset=\"https:\/\/www.salesforce.com\/eu\/blog\/wp-content\/uploads\/sites\/14\/2023\/03\/cust-xp-smb-blog-img-768x432-eu.png 768w, https:\/\/www.salesforce.com\/eu\/blog\/wp-content\/uploads\/sites\/14\/2023\/03\/cust-xp-smb-blog-img-768x432-eu.png?w=300&amp;h=169 300w, https:\/\/www.salesforce.com\/eu\/blog\/wp-content\/uploads\/sites\/14\/2023\/03\/cust-xp-smb-blog-img-768x432-eu.png?w=150&amp;h=84 150w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/>\t\t<\/div>\n\t<\/div>\n\n\t\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Customer intelligence helps SMEs reduce marketing costs, build loyalty &#038; seize new opportunities. Learn tips for using customer intelligence.<\/p>\n","protected":false},"author":1,"featured_media":3304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sf_justforyou_enable_alt":true,"optimizely_content_id":"","post_meta_title":"","ai_synopsis":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"sf_topic":[274,32,33],"sf_content_type":[],"coauthors":[26],"class_list":["post-3302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","sf_topic-reports","sf_topic-small-business","sf_topic-startups"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Unlock the Power of Customer Intelligence - Salesforce<\/title>\n<meta name=\"description\" content=\"Customer intelligence helps SMEs reduce marketing costs, build loyalty &amp; seize new opportunities. Learn tips for using customer intelligence.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.salesforce.com\/eu\/blog\/customer-intelligence-for-smarter-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Customer Intelligence is Key to a Smarter Business\" \/>\n<meta property=\"og:description\" content=\"Customer intelligence helps SMEs reduce marketing costs, build loyalty &amp; seize new opportunities. 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