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Revenue growth, strategic landscape changes, new distribution channels, technological transformation, greater customer expectations – marketing looks a lot different today than it has in the past. To stay ahead of the competition, marketing leaders must harness accurate customer data to engage customers with the right message at the right time. Organizations that are able to optimize the effectiveness of data, resources and processes have a durable competitive advantage over those who don’t when it comes to attracting and converting customers.
Data quality is crucial during this phase as it enables organizations to target the right audience effectively. AtData, the Email Address Experts and leaders in email address intelligence, notes that at least 10% of email addresses collected are risky. Inaccurate or incomplete data can result in misdirected efforts and wasted resources, leading to missed opportunities and decreased ROI. Furthermore, you will negatively impact your outreach efforts downstream and deliverability across channels will suffer.
By implementing a verification strategy using companies that specialize in ensuring you are collecting accurate and reliable data such as AtData’s email verification and hygiene solution, SafeToSend®, you avoid what can sometimes be compounding and long-term consequences. You can stop the problem at the source and feel confident that your carefully crafted marketing messages are reaching their intended audiences across multiple channels.
Since marketers operate with a single identifier of a potential customer, like an email address, it’s critical to identify tactics to further enrich profiles to better understand who is behind it. Collecting data without intent or enrichment impacts the usefulness of first-party data. By adding in simple demographic and behavioral details, you can begin to truly understand who is behind the email address and what is relevant to that person.
Businesses aim to nurture customer relationships and drive further engagement. High-quality data enables organizations to gain insights into customer behavior, preferences, and engagement patterns. By leveraging this data, businesses can personalize communication, deliver targeted content, and tailor offers that resonate with individual customers. Data quality also plays a crucial role in measuring engagement metrics accurately, allowing organizations to analyze and optimize their marketing strategies effectively.
Retaining existing customers is far more cost-effective than acquiring new ones. Statistics show that nearly 33% of the data in your CRM becomes inaccurate after one year and 2-3% decay can occur per month. Data quality becomes even more critical during the retention stage as it enables businesses to understand customer needs, anticipate churn risks, and deliver proactive customer service. That is where AtData comes in.
Scheduling a monthly enrichment of your database using a hygiene service helps maintain what made it into your system, accurate and up to date. You especially don’t want to lose contact with your existing customers, nor do you want to lose 15-16% of revenue annually due to continued outreach to outdated contacts. Accurate data allows organizations to identify behavioral patterns that indicate disengagement or dissatisfaction, allowing them to intervene and take appropriate action. By proactively addressing customer concerns and providing a personalized experience, businesses can increase customer loyalty, advocacy, and ultimately, customer lifetime value.
Throughout the customer lifecycle, data quality plays a fundamental role in driving business success. Accurate, reliable, and up-to-date customer data enables organizations to make informed decisions, deliver personalized experiences, and build lasting customer relationships. From acquisition to advocacy, data quality empowers businesses to target the right audience, offer seamless onboarding experiences, nurture engagement, retain customers, and cultivate brand advocates. Investing in data quality initiatives, including regular data cleansing, validation, and governance, is essential for organizations striving to maximize customer satisfaction, loyalty, and overall business performance in today’s data-centric landscape.
Run your email list through AtData’s Free List Check to receive a free report to experience AtData’s industry leading email verification solution and gain insight into the health of your list.