[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.the-future-of-commerce.com\/2021\/06\/14\/getting-started-with-cdp-5-important-factors\/#BlogPosting","mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2021\/06\/14\/getting-started-with-cdp-5-important-factors\/","headline":"Getting started with CDP: 5 important factors","name":"Getting started with CDP: 5 important factors","description":"CDPs are one of the fastest growing technology solutions in the market, and it\u2019s easy to see why. Let's take a closer look at the advantages of customer data platforms that are spurring their growing adoption by companies.","datePublished":"2021-06-14","dateModified":"2023-03-24","author":{"@type":"Person","@id":"https:\/\/www.the-future-of-commerce.com\/contributor\/tracey-wallace\/#Person","name":"Tracey Wallace","url":"https:\/\/www.the-future-of-commerce.com\/contributor\/tracey-wallace\/","identifier":367,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/21377d3250d3cee37a219265f855ca86717424033839661349c4b6845d2250cc?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/21377d3250d3cee37a219265f855ca86717424033839661349c4b6845d2250cc?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"The Future of Commerce","logo":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","width":172,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2021\/05\/GettingStarted_1200x375.jpg","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2021\/05\/GettingStarted_1200x375.jpg","height":375,"width":1200},"url":"https:\/\/www.the-future-of-commerce.com\/2021\/06\/14\/getting-started-with-cdp-5-important-factors\/","about":[{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/cdp-customer-data-platform-solution\/cdp-customer-data-platform-general\/","name":"CDP: Customer Data Platform","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Customer_data_platform"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/cdp-customer-data-platform-solution\/","name":"CDP: Customer Data Platform","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Customer_data_platform"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/commerce-general\/","name":"Commerce","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Commerce","http:\/\/www.wikidata.org\/entity\/Q26643"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/sales\/crm\/","name":"CRM","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Customer_relationship_management","http:\/\/www.wikidata.org\/entity\/Q485643"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/customer-experience\/customer-data\/","name":"Customer Data","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Customer_data","http:\/\/www.wikidata.org\/entity\/Q56278300"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/customer-engagement-58\/","name":"Customer Engagement","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Customer_engagement","http:\/\/www.wikidata.org\/entity\/Q5196451"]},"Customer profiles: Customer Identity + Access Management (CIAM) for B2B and B2C",{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/e-commerce-solution\/headless-commerce\/","name":"Headless commerce","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Headless_commerce","http:\/\/www.wikidata.org\/entity\/Q106254305"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/intelligent-enterprise\/","name":"Intelligent Enterprise","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Intelligent_enterprise","http:\/\/www.wikidata.org\/entity\/Q6044119"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/marketing\/marketing-general\/","name":"Marketing","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Marketing","http:\/\/www.wikidata.org\/entity\/Q39809"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/marketing\/","name":"Marketing","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Marketing","http:\/\/www.wikidata.org\/entity\/Q39809"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/omnichannel-commerce\/","name":"Omnichannel Commerce","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Omnichannel"]}],"wordCount":1211,"keywords":["Benefits of a CDP","CCPA | California Consumer Privacy Act","CDP | Customer Data Platform","CDPs for Retail","Consumer Privacy","Customer Profile Management","Data Privacy","GDPR","SAP Customer Data Platform","What Is CDP"],"articleBody":"CDP (customer data platform) is going to make the difference between passive and active use of data – trust us when we say you’re going to want to be in the latter category. Marketers need data to make decisions, build campaigns, measure results, and ultimately determine the effectiveness of their strategy. Yet, data is getting harder and harder to collect as the privacy-first web gains momentum, and consumers are exercising their right to not have it collected at all thanks to the GDPR and CCPA.\u00a0This poses challenges for marketing teams who have relied heavily on deep consumer datasets for the last decade. But unlike the days of measuring brand lift and not knowing exactly how specific channels performed, the data privacy future isn\u2019t completely data-free.\u00a0Instead, customer data platforms (CDPs) are growing in popularity, allowing marketing teams to easily and legally collect data, keep that data updated properly, allow consumers to access that data and edit it, and so much more.\u00a0Why you would use CDP: Top benefits of a CDPHere are the top five reasons CDPs are seeing mass adoption:Value: Before CDP you didn’t even know what you had.Fit: The ability to adapt the data, and its interpretation, to power your marketing is huge.Longevity: First party data gets stronger over time. The sooner you start, the sooner you gain.Purpose: You can’t use what you don’t understand. CDP gives you know-how.Impact: For all of reasons 1-4, CDP stands to profoundly impact your business AND your customers’ satisfaction.CDPs are one of the fastest growing technology solutions in the market, and it\u2019s easy to see why. As new data protection policies pass across jurisdictions around the world, the onus is on marketing teams to ensure their organizations are compliant. But marketing teams already have a lot on their plates, and managing specific consumer requests around data updating or deleting, and a variety of other tasks is a lot of additional manual work.\u00a0CDPs take care of that in the same way that an email service provider (ESP) takes care of unsubscribes. CDPs will soon be a staple technology for all marketers \u2013\u2013 for the time saving benefit, but so much else, too. Let’s take a closer look at the advantages of customer data platforms that are spurring their growing adoption by companies.This content is hosted by a third party ( player.simplecast.com ).To view the content, either update your cookie preferences or view it in a new browser window.Cookie PreferencesNew WindowValue: Prevent missing insight based on poor data collectionCDPs gather all consented customer data into a single spot, storing it legally and securely. But, that data doesn\u2019t just stay within the CDP. The CDP connects to an entire marketing stack, allowing marketers to segment, target and even forecast based on consumer profiles, activities and more.CDP allows nearly the same level of existing customer profiling as possible before the privacy-first web, with the big advantage of that data not being stored across a variety of disparate systems. Instead, once a customer consents to data sharing, their information across all of your first and second-party touchpoints is fed into the system, creating a holistic unified customer profile.Fit: Easily adopt the best practices in consent, privacy, and communicationWe don\u2019t know what the future of data privacy looks like exactly, but we have some hints. Both the GDPR and CCPA require companies to allow consumers to ask about what data they have stored on them, allow them to edit and update that data, or request to delete it.\u00a0      What is CPRA? California Privacy Rights Act: Basics and Overview                As CPRA and the privacy-first web continue to gain traction, organizations need to adapt. Customers demand transparency about the collection and use of their personal information. Planning now saves you fines and headaches in the future.      Similar to unsubscribing from an email or SMS service, soon consumers will be demanding data visibility pages at login, and an easy way to manage that data, see how it is being used, and decide if they want to keep sharing it or not.\u00a0That\u2019s just what we can easily predict will happen, but jurisdictions around the world are creating laws and policies for their specific populations. Keeping up with these best practices and new policies manually would be like trying to keep up with the U.S. tax code manually: near impossible. It\u2019s why companies like Avalara exist, and for data best practice adherence, it is why marketers are flocking to CDP solutions.\u00a0Longevity: Create deeper, more meaningful customer profiles to strengthen marketingThe privacy-first web isn\u2019t a data-less future. Instead, it is a future in which consumers decide who they give their data to, and reward the companies that treat that data well. In other words, the better you use the customer data they give you, the more likely you\u2019ll get to keep it. And when you get to keep data, you can create deeper and more meaningful customer profiles to strengthen your marketing throughout the funnel.Repeat customers and continuously building customer loyalty will again become the norm as companies work to leverage consumers as their best marketer, telling the world about a brand\u2019s data practices and product quality.\u00a0Spotting trends in your audience, sending the right info at the right time, and so much more will only be possible with the insights of CDP.\u00a0      What is the future of consumer data privacy?                Brands need to find ways to stay ahead of the wave of ongoing legislation, new rules, and compliance requirements. That includes these three moves:      Purpose of CDP: Activate deliberate and thorough communication, follow through, and growthCDP is about more than the longevity of a customer\u2019s lifetime value. It is also about how your brand leverages its purpose to pull your consumers into the fold, impress them, engage them, and fuel active growth through referrals and word of mouth.\u00a0Create deep customer profiles to help identify the customers who are primed and ready for referral programs, and also see those who are not and where the biggest differences lie. You can build marketing strategies and programs to address those differences, and build a strong and predictable customer retention funnel.\u00a0      Never break the chain: Use customer profiles to drive consistent CX                Imagine your CX as a chain, each link representing an interaction between your customer and your brand. Every good interaction adds another solid link and makes the chain stronger. But just one experience -- one bad link-- breaks it.      Impact of Customer Data Platform: Give customers trust and security to strengthen the brand experienceFinally, and perhaps most importantly, CDP gives your customers clear access to their data, control over what they share, and makes it easy for your team to explain how the brand is using a customer\u2019s data.\u00a0This automates a ton of work for your marketing team, but also builds a trusted relationship between the rband and the customer. That trust becomes a key part of the brand experience, and puts your brand ahead in looking after the consumer and their best interest.\u00a0  Real-time insights.Across all touchpoints.Yes. For real.Get the details\u00a0HERE."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2021","item":"https:\/\/www.the-future-of-commerce.com\/2021\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"06","item":"https:\/\/www.the-future-of-commerce.com\/2021\/\/06\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"14","item":"https:\/\/www.the-future-of-commerce.com\/2021\/\/06\/\/14\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"Getting started with CDP: 5 important factors","item":"https:\/\/www.the-future-of-commerce.com\/2021\/06\/14\/getting-started-with-cdp-5-important-factors\/#breadcrumbitem"}]}]