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Companies use data all the time for a host of reasons. Be it by using SEO, understanding the clicks, noting the times they come on to the site, and whatnot— they have an influx of data coming in from the customers and they can utilize it to improve customer relationships. However, using the data internally is also not the only way to go. One can interpret and analyze the data to better understand the customer needs, trends and predict what they would like later.

The end result? Improved customer relations that will help you take your company to the next level.

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Analyzing data by customers can help you give them peace of mind. This means that companies can predict what they want before they even ask for it. This could manifest as the website or shop showing their products when they log on or when they open one product. The ease of experience will help companies improve their relationship with their customer.

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This is a key use of data when it comes to companies and their customers. Based on their preferences, companies can gauge exactly which purpose the customer is there for. It’s important to show them what they want and not show them what their likes do not align with. This improves customer relationships because they don’t leave dissatisfied.?

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Data can also be used to identify pain points and then, most importantly, to solve them. Each customer has certain pain points for which they come to companies. If you can not identify the pain points, you will never be able to solve them. Data can be used to pick up on the customer’s pain points which will help companies improve customer relationships.

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Getting personal with the customers is also a key element when it comes to improved connections. This is because when you collect their information and data, you can give them something personalized. It can be something even small as getting their address. Studies have also shown that personalized emails pull in six times more transactions than other ones.

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Sometimes companies can give their customers a eureka moment. They could see something (using data) that would make them think, “wow I didn’t know I needed this in my life”. Not only would this help companies sell something else in addition to other products, but they could also build greater customer relationships. The feeling of somebody showing them something that they really needed in their life is a keeper.

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One thing companies really undermine is content. Creating right, SEO-optimised, and interesting content are also important to build good and long-lasting customer relationships. Using data will allow you to create the right content and build a customer base that’s loyal. Isn’t that everything you need as a company? Don’t undermine the importance of data.

Munir Khan

FINANCIAL ANALYST / SENIOR GL ACCOUNTANT| FMCG & REAL ESTATE | CONSOLIDATION | IFRS | UAE VAT / CORPORATE TAX | TEAM BUILDING |

2 年

Interesting!

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Safder Muhammad

Expert in Financial and investment advisory I Co-founder and director of Prismatic Technologies Limited

2 年

A must read article for understanding the use of data

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