More turmoil: Alliance Data announced it is seeking “strategic alternatives”, including a sale, for its $2.2 billion Epsilon marketing and data subsidiary. Alliance Data is approaching $8 billion revenue with a market cap of $10.6 billion or 1.3x revenue.
By now you’ve seen plenty of reports about record-breaking online sales during the post-Thanksgiving Black Friday-to-Cyber-Monday period. But you might still be surprised that Facebook and Facebook-owned Instagram drove 94% of all social traffic to retail sites. So says a report from Salesforce drawing from data captured in its systems. What, you thought Salesforce couldn’t see its client data? Don’t be silly.
Doubtful that technologists are really in charge of CX? Maybe you’re right: a CMO Council and IBM survey found that 61% said marketing owned customer experience strategy. Just 13% of respondents were CMOs while 61% were CEO, President, or COO. So less bias in that audience than you might expect. Only 20% said they had real-time access to all relevant customer data across the organization. Technology gaps were the most common obstacle to removing data silos (53%), although talent (48%) and time (45%) were close behind.
Salesforce has reversed course on its bid to acquire data management and integration platform Informatica a source has told Reuters. Informatica itself said that it is not in talks to be acquired. Salesforce stocks rose on this latest news while Informatica’s fell.