Industry executives and experts share their predictions for 2021. Read them in this 13th annual VMblog.com series exclusive.
Businesses will look to new tech to drive successful customer engagement in 2021
By
Sandro Stupar, Director of Product Management at Mitto
All businesses fundamentally changed the way
they interact with their customers in 2020. With the vast increase in remote
work and everyday consumer transactions, businesses have had to reevaluate
their business strategies and refocus their priorities to embrace the new
digital imperative.
In order to be successful during an
unprecedented time, the implementation of new technologies has become one of
the most important aspects of business continuity. Moving into 2021, digital
adoption will continue to rise with a clear focus on AI, omnichannel and
two-factor authentication (2FA) as ways to exceed customer expectations and
ensure a safe and secure environment.
Artificial
Intelligence (AI) will be the most important system integration for delivering
top-of-the-line customer experiences while saving business' time and money
As more customers continue to receive
information from brands via SMS, it will become increasingly critical that
companies leverage AI to make sure that these messages are delivered as efficiently
and cost-effectively as possible. This integration benefits everyone involved
as AI not only maximizes the speed and reliability of message delivery through
proactive route adjustments, but it also ensures the best cost/quality ratio
for omnichannel communication. With the implementation of AI, the business does
not have to pay for multiple delivery attempts, and the system is capable of
selecting a route by prioritizing the message type based on time sensitivity.
AI has the ability to power constant feedback
from tens of thousands of nodes that can inform which routes will be used for
each destination. This will be even more important in 2021 as consumers are
both receiving most of their brand communication digitally and also expecting
it fast. By using AI within a messaging platform, brands can ensure that a
higher percentage of conversions are seen through the customer lifecycle since
messages will be shared with consumers in near real-time.
Marketers
will leverage learnings from 2020 communications to deliver more personalized
experiences via mobile in 2021
Forrester predicts brands will be sending 40% more
emails and texts in 2021 in an effort to capture customers. But these messages
will be more personalized than ever before, as marketing technologies evolve
and as marketers glean insights from communications sent during a wild 2020,
when sensitivity to the pandemic, civil rights movements and a fraught election
required a new form of tact. Consumers can expect to see messages from brands
not only pushing their wares but also tied to social issues they now know their
customers care about and who value alignment with the brands they patronize. We
know that consumers want their customer experience to be customized to them and
their preferences. This year, marketers will take that knowledge more seriously
by ensuring that each part of the omnichannel experience is tailored to the channel
that potential customers are met on. SMS tools will help push this advancement
forward as they increase thoughtful and purposeful dialogue with consumers.
Two-factor
authentication will finally take
hold, as COVID-driven remote work and learning mandate deeper levels of
security
Security experts have been preaching 2FA as a
critical security practice for years, however, consumer adoption has lagged.
But the pandemic caused workers and schools to go remote and pushed more
transactions online where 2FA is often required at sign-in, requiring millions
more to authenticate themselves and begin establishing strong security hygiene.
This, combined with a new directive mandating that European payments providers
enable strong levels of authentication (PSD2's SCA directive), and a global rise in online fraud since the pandemic
will finally bring 2FA out of the shadows and into a mainstream, widespread
best practice for everyone online. In response, marketers in 2021 will need to
keep the 2FA experience top of mind when thinking through customer onboarding
and user experiences.
Throughout 2021, we will see more businesses
adopt new and updated technologies into their toolkit in an effort to keep up
with the demand of customers' support and engagement from brands. AI, mobile
and 2FA solutions will work together to create positive environments where
customers feel cared for and supported.
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About the Author
Sandro
Stupar is Mitto's Product Management Director where he leads product innovation
and focuses on launching new solutions. Sandro boasts a decade-long career in
product development and marketing, with a background in business informatics.
He is a dedicated researcher, always learning new things and staying on the
cutting edge of technology. Outside the office Sandro loves spending time with
his friends, spouse and two young children.