mens adidas tracksuit Brands Struggle to Effectively Obtain and Deploy Consumer Data A

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Information contained on this page is provided by an independent third party content provider. Frankly and this Site make no warranties or representations in connection therewith. The report provides key digital strategies and best practices for brands to effectively capture and leverage data as it relates to personalizing brand engagement across channels, classifying brands as Leaders, Streamliners, Data Miners, or Laggards.”Digital media and advertising is increasingly riddled with irrelevant, if not flat out deceptive, content,” noted Mike Froggatt, Director of Intelligence Research at L2. “This is taking a toll on consumer trust, and many of them are taking matters into their own hands by installing ad blockers as they attempt to avoid cluttered and unrelated advertising.”Key Findings from L2 report include:Skipping the Basics: Twelve percent of brands succeed at offering personalization without collecting much consumer data. However, failing to collect basic data points such as birthday (59 percent), gender (46 percent,) and age (34 percent) often leads to misgendered or age inappropriate messaging.Lack of Informed Consent: Only 8 percent of analyzed brands supply a prominent and succinct explanation of their use of cookies. exclusive offers and promotions).Email Personalization: Once customers make the leap to register for a brand site account or newsletter,
mens adidas tracksuit Brands Struggle to Effectively Obtain and Deploy Consumer Data A
they are largely unable to customize the content and benefits they receive. Just 11 percent of analysed brands prompt users for their content preferences and only 13 percent offer the ability to choose the frequency of email communications.”Very few brands effectively deploy data on a consistent basis,” explained Evan Neufeld, VP of Intelligence at L2. “The truth is that brands may never achieve the perfect system for storing and using consumer data, but they cannot let perfect be the enemy of good. Incremental data improvements pay major dividends in terms of personalized marketing and meeting the rising tide of consumer expectations.”The report features case studies on brands including but not limited to: Adidas, Best Buy, Lululemon, Macys, Topshop, Urban Decay, and Warby Parker.L2 benchmarks the digital performance of over 2,200 brands across 12 industries globally. Our proprietary Digital IQ Index is the global standard for measuring digital competence. We analyze 1,250 data points to provide brands with actionable, data driven insights on their digital performance.
mens adidas tracksuit Brands Struggle to Effectively Obtain and Deploy Consumer Data A