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Categories : CDPI Newsletter

Retailers Missing Basic Personalization Opportunities: Kibo

August 4, 2017
Many online retailers are missing basic personalization opportunities, including recently viewed item lists (not found on 40% of sites) and personalized recommendations (unavailable at 47% of sites if users were not signed in), according to a study by ecommerce platform vendor Kibo. More than 40% don’t send cart abandonment emails. The study also looked at integration of in-store and online experiences including pricing and signage.
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Retailers Look to AI to Improve Customer Experience: Forrester

August 4, 2017
One reason retailers don’t do personalization is it’s too complicated. Artificial intelligence is expected to help, according to a Forrester study for ecommerce platform vendor Emarsys. Intelligent recommendations was the second-most planned application for AI (40%), following analytics (43%). Using AI to personalize customer experiences across channels was the most common application expected to be implemented within the next twelve months (81%).
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prooV Takes $14 Million Funding for Proof of Concept Platform

August 3, 2017
Maybe it would be easier to specify when items are NOT AI-related. Here’s one of those: Proov offers a platform that lets companies run “proof of concept” projects on without the usual hassle of custom deployment. It’s a super-clever idea, removing one of the main friction points in the purchase process for large tech investments. How closely Proov can mimic a custom POC is another question, but it’s certainly worth a look. The company just raised $14 million, bringing total funding to $21 million.
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Segment Customer Data Platform Raises $64 Million Series C

July 13, 2017
CDP vendor Segment announced a $64 million Series C investment, bringing its total funding to $109 million.  Segment says more than 15,000 customers use its technology to connect Web site and mobile app data with 200+ analytics and marketing tools.  Segment’s $64 million nearly equals the $74 million that all CDP vendors combined raised in the first half of 2017 (see yesterday’s newsletter for details).
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