Thursday, 11 February 2021 10:55

Twilio Segment Releases 2021 CDP Report, A Look at How Pandemic-Driven Digital Acceleration Ushered the Industry into a New Era

Report finds that companies have significantly invested in building out their tech stacks to accelerate digitisation and adapt to a multi-channel customer journey

By the end of 2020, Segment processed more than 1 trillion API calls per month, an increase of 575 billion since December 2019

COMPANY NEWS: Twilio Segment, the world’s leading customer data platform (CDP), today published The Customer Data Platform Report 2021. The second annual report, which reflects the findings of anonymised platform usage data from Segment’s thousands of customers, uncovers how the rush to digital in the wake of the pandemic impacted businesses across the world.

The volume, velocity, and variety of data tracked across organisations nearly doubled in 2020. To illustrate, in December 2019, Segment was processing nearly 500 billion API calls per month. By the end of 2020, that number had grown to over 1 trillion. In order to handle the influx of customer data, many businesses were challenged to upgrade their technology stack and data strategy.

“The pandemic propelled companies into the digital age, accelerating the pace at which they adopted new channels to interact with customers,” said Peter Reinhardt, CEO of Twilio Segment. “As the number of digital interactions increased, so did the volume of customer data, making it crucial for companies to have the right technology to rediscover and predict their customers’ preferences. We’re facing a turning point where the companies that fail to take hold of their data strategy and adjust their customer approach, simply won’t survive in the era of digital-first business.”

The multi-channel customer data strategy

In the past, most organisations collected and organized data according to the channel where it originated, creating data silos. This strategy is no longer a viable option.

In 2020, customers hopped from channel to channel like never before. For example, a single retail customer could use live chat to connect with the support team, talk with the sales team via email, click on a Facebook ad, and much more. Additionally, remote work highlighted the operational inefficiencies of having data spread across disparate systems and functions throughout an organisation.

Most of the data flowing through Segment’s CDP came primarily from four different sources — web, mobile, server, and cloud — illustrating that the customer journey is happening across multiple channels. To combat this, companies were forced to coordinate their data strategies around the customer and invest in new tools to improve access to data across their organisations. CDPs were one of these strategic investments, as they sit between data collection, marketing, sales, and customer support tools, ensuring every customer interaction is informed by all the data a company has on them.

The new enterprise tech stack

Segment’s CDP both collects data from hundreds of sources and sends it to a variety of tools, providing unique insight into the tools and technologies companies are using the most. Mirroring consumers’ multi-channel behaviour, the average number of apps used by customers on the Segment platform increased by more than 30%, from eight in 2019 to 11 in 2020. This growth was particularly pronounced among enterprise customers, who used an average of 14 apps in 2020.

Companies most frequently sent data to the following tools — many at much higher rates than previous years:

  • Analytics (e.g. Google Analytics, Amplitude, Mixpanel)
  • Digital advertising (e.g. Facebook Pixel, Google Ads)
  • Customer success (e.g. Zendesk, Help Scout)
  • CRM (e.g. Salesforce, HubSpot)
  • Email marketing (e.g. Mailchimp, Braze)

The frequency in the use of these tools indicates that many companies are continuing to lean into digital engagement and transformation efforts, despite the uncertain economic circumstances.

The full report is available at: https://learn.segment.com/customer-data-platform-report-2021/

Methodology: The report is based on findings from anonymised platform usage data of Twilio Segment’s customers between Jan. 1 to Dec. 31, 2020.

About Twilio Segment

Segment is the world’s leading Customer Data Platform (CDP). Our platform provides companies with the data foundation that they need to put their customers at the heart of every decision. Using Segment, companies can collect, unify and route their customer data into any system where it’s needed to better understand their customers and create seamless, compelling experiences in real-time. Thousands of companies, including Intuit, FOX, Instacart, and Levi’s use Segment to make real-time decisions, accelerate growth and deliver world-class customer experiences. For more information, visit https://segment.com.

Read 1946 times

Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE

Related items

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments