Email teams at big brands may be getting undone by their customer data platforms (CDPs), judging by “What’s next for the customer data platform?”, a study by MessageGears.
Of the companies polled, 90% use more than one CDP. The study finds that 44% use three CDPs, and 23% utilize two or four.
And to what end? Just 10% feel their CDP meets all their needs, while only 1% feel it will meet all their future requirements.
Moreover, 27% believe their CDP cannot keep up with growing data volume, while 27% face security and compliance issues. And 26% are dealing with performance and reliability challenges.
(CDPs are defined as software applications that unify a company’s customer data from marketing and other channels. The term was invented by David Raab in 2013).
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The study points toward use of composable CDPs as opposed to packaged CDPs. A packaged CDP is a stand-alone platform that stores a copy of customer data on their own servers.
Of the companies polled, 56% prefer a composable CDP when purchasing a new solution. And of those using one, 86% are satisfied.
Meanwhile, here is how brands use their CDPs:
Here is a wish list for CDP features, including many that could come right out of. the email department: