[October 17, 2017] |
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SAP Introduces Machine Learning to Optimize the Shopping Experience
SAP
SE (NYSE: SAP (News - Alert)) today introduced new technologies, such as facial
recognition, machine learning and Internet of Things (IoT), to enable
targeted marketing campaigns and help consumers optimize their shopping
experience. With its SAP® Hybris® solutions, SAP
continues to innovate and invest to drive the future of customer
engagement and commerce. This announcement was made at the SAP
Hybris Live summit being held October 17-19 in Barcelona, Spain.
Sharing Is Caring: SAP Survey Reveals What Makes Customers Happy (and
Angry) Nine out of 10 customers (89 percent) expect an answer
to their query within 24 hours, according to the 2017 SAP Hybris
Consumer Insights Report. The survey of 20,000 shoppers worldwide found
that the easiest way to keep customers happy is to be responsive, and
the fastest way to lose them is to share their data without their
knowledge.
Four out of five shoppers (80 percent) are willing to share some of
their customer data with brands, the study found, with Japan being the
least inclined (52 percent) compared with Colombia and India (both at 92
percent). Respondents from all countries, except Russia, are willing to
share their e-mail addresses, but only half of Middle East-based
consumers want to share their mobile phone numbers.
Download the 2017 SAP Hybris Consumer Insights Report here.
For more information, read "The
customer dating game: Know the tell-tale signs to avoid a brand break-up."
SAP Powers Marketers with Tools to Touch Customers The SAP
Hybris Marketing Cloud solution now encompasses an array of solutions to
help companies ensure they use the right messages to target customers
who matter the most and ensure customers' data and privacy are
protected. Paired with the tools listed below, companies can create more
transparency into their own marketing performance and spend.
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Digital boardroom for the CMO: Based on SAP
Digital Boardroom, the new marketing executive dashboard presents
to chief marketing officers a view that includes reports gauging the
success of campaigns and transparency to detect impending problems. It
also shows and identifies new marketing opportunities.
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Machine learning facial recognition: The SAP
Leonardo digital innovation system now powers facial recognition
technology within SAP Hybris Marketing Cloud, introducing a new way to
engage in-store shoppers. Using facial analysis, the software connects
shoppers' genders and ages to a company or store's available inventory
and stock, enabling personalized product recommendations presented on
large displays.
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Embedded customer attribution: The SAP
Hybris Customer Attribution solution (formerly Abakus)
provides marketers with accurate measurements of marketing campaigns
and activities that lead to a customer purchase. Data is collected
across all touch points of the customer journey, giving insight into
what's driving customer conversions and where to reallocate activities
and budget in real time.
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Internet of Things (IoT) to trigger campaigns: Marketers can
tap IoT devices to personalize offers. For example, brands can send a
relevant marketing message when a consumer hits a new milestone on
their fitness tracker.
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Support for the General Data Protection Regulation (GDPR:
Full support for the May 2018 global privacy regulation enables
marketers to execute sophisticated targeting with consumer data
protection as top priority.
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WeChat integration: By supporting the Chinese social media
application, SAP Hybris solutions are helping marketers expand their
global footprint to more than 889
million users across China.
Read more on the Future of Customer Engagement & Commerce blog: "Marketing:
Data is their biggest asset and challenge."
SAP Introduces Machine Learning Co-Innovation Program Ten
customers are joining SAP Hybris to embed machine learning capabilities
into the SAP Hybris Sales Cloud and SAP Hybris Service Cloud portfolios.
SAP Hybris solutions have access to customer and product data across the
front office. With SAP software touching more than 76 percent of the
world's business transactions, SAP is uniquely positioned to access data
at this level.
Several use cases are available covering marketing, sales, service and
commerce. They include advanced personalization, contextual
merchandizing, a shopping assistant bot, affinity scoring, sentiment
analysis, service ticket text analysis and a customer service bot.
Additionally, labs
run by SAP rely on machine learning for several of their prototypes,
including Galaxy,
Charly
the Chatbot and Pepper
Instore Assistance. Hear more about SAP's perspective on the impact
of machine learning on customer engagement in the blog: "Machine
learning: Putting it into practice with customers."
Breaking Barriers to Digital Business with Agile (News - Alert) Microservices Customer
engagement expectations are rising to new heights in the digital era,
and organizations understand the need to transform. This can only be
done by introducing agility into the infrastructure. Of 285 marketing,
line-of-business, and IT leaders surveyed, more than half said that by
introducing a microservices-based software architecture, they could
increase scalability, improve discovery and resolution, and reduce
dependency on a single technology stack. The problem is that while nine
out of 10 digital strategy decision-makers would like to see their
organizations accelerate digital business, only one third of
organizations have a clearly defined digital strategy. More information
can be found in the September 2017 SAP-commissioned thought leadership
paper sponsored by Forrester (News - Alert) Consulting titled "Leverage Agile Software
Development to Deliver Business Flexibility."
The study's findings will be discussed during a dedicated
panel at SAP Hybris LIVE: Global Summit. For further information,
read "Agile
microservices: The key to breaking barriers to digital business."
For more information on SAP Hybris (SAP)*, visit the SAP
Hybris News Center or follow SAP Hybris at @saphybris.
For more information on SAP, visit SAP
News Center or follow SAP on Twitter (News - Alert) at @sapnews.
About SAP Hybris Solutions SAP Hybris solutions provide
omnichannel customer engagement and commerce software that allows
organizations to build up a contextual understanding of their customers
in real time, deliver a more impactful, relevant customer experience,
and sell more goods, services and digital content across every touch
point, channel and device. Through customer data management, context
driven marketing tools and unified commerce processes, SAP Hybris
solutions have helped some of the world's leading organizations to
attract, retain and grow a profitable customer base. SAP Hybris software
for customer engagement and commerce provides organizations with the
foundation, framework and business tools to create a holistic customer
view across channels, simplify customer engagement and solve complex
business problems. For more information, visit www.hybris.com.
*SAP Hybris is a brand name launched in January 2016 to represent the
SAP solutions for customer engagement and commerce as well as the
offerings, employees, and business of acquired company hybris AG, which
continues to be our legal entity until integration with SAP is complete.
About SAP As market leader in enterprise application
software, SAP (NYSE: SAP) helps companies of all sizes and industries
run better. From back office to boardroom, warehouse to storefront,
desktop to mobile device - SAP empowers people and organizations to work
together more efficiently and use business insight more effectively to
stay ahead of the competition. SAP applications and services enable more
than 355,000 business and public sector customers to operate profitably,
adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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