Sunday Times : Rewards & Loyalty 2016 RewardsAndLoyalty2016 | Page 69

[ P E R S O N A L I S AT I O N ] YOU’RE SPECIAL EXPEDITED BY INCREASINGLY ADEPT TECHNOLOGY AND DATA ANALYSIS, PERSONALISED MARKETING IS EVOLVING RAPIDLY. STEPHEN TIMM LOOKS AT HOW IT CAN BE USED TO BUILD LOYALTY AMONG CUSTOMERS. T echnology improvements in recent years have allowed brand managers to gather ever greater amounts of user data, providing them with the potential to boost member engagement in loyalty programmes by personalising messaging and rewards. Yet, too many companies mistake customer segmentation for personalised communication, says Steven Burnstone, CEO of data-analytics company Eighty20. He says what many brand managers believe to be personalisation amounts merely to the segmentation or filtering of offerings so that customers are placed into specific groups. This is reflected in the findings of a survey conducted last year by Eighty20, in which only half of all members agreed that these programmes leverage data effectively. Yet, in a survey conducted by the company a year earlier (in 2014), more than three- quarters of programme owners reported having used data for targeted-marketing campaigns. This, says Burnstone, reveals a divide between what loyalty programme owners say they are doing and what customers perceive their actions to be. He points out that while targeted marketing involves the filtering of communication based on criteria such as age, gender or marital status, personalisation amounts to the customisation of each message tailored to an individual customer. It can help effectively counter the risk that customers view messages as irrelevant, which happens when brands employ broad measures to describe them. Personalisation means those rewards programmes that offer customers benefits and rewards that are relevant to their present lifestyle and position in life will be those that are most valued by recipients. › R E WA R D S & L O YA LT Y S A 67