Consumers are demanding personalization: It’s no longer a nice to have; it’s an expectation. In fact, a recent research from Forrester indicates that 62% of U.S. consumers want economic value from personalized interactions, suggesting that consumers are increasingly looking for relevant and valuable engagements rather than generic offers. Even with consumers who love your brand, earning and sustaining their attention when there are so many distractions throughout the day is extremely hard. That’s why it’s essential to be hyper-personalized with the recommendations you send them.
In fact, using highly personalized AI product recommendations in messages resulted in a 166% higher conversion rate than ones that didn’t include personalized recommendations, according to our 2023 benchmark report.
Of course, it’s not viable to manually create personalized journeys with customized recommendations for each of your customers. That’s where the power of Predictive Recommendations comes in to help retailers, e-commerce providers, and digital media and over-the-air (OTT) companies design and automate customer journeys with highly personalized recommendations – even if your customer base and the number of items in your catalog are in the hundreds of thousands or millions.