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      Executive Insights

      Digital Transformation and the Experience Era

      By Raj De Datta

      Sep 06, 2022

      6 min read

      Executive Insights

      Digital Transformation and the Experience Era

      The following article was first printed in the eTail Nordic 2022 Benchmarking Report. Visit here to download the full report and see additional survey results.

      Digital transformation. It’s a phrase that’s been around for quite some time now, cited by businesses across industries to demonstrate a commitment to innovation and an ability to keep up with modern times. Yet for all the years that companies have spent focused on digital transformation, it seems digital experience has gotten lost in the shuffle. And, as anyone who’s been following digital commerce over the past few months knows, it’s experience that is going to define the next era of e-commerce growth and also allow businesses to capitalize on the trillions in global e-commerce spending that’s expected by 2025. 

      At Bloomreach, we believe that if the first 20 years of e-commerce have been about standing up the store — the onset of digital transformation — then the next 20 years are about standing out from the crowd. Businesses will now need to turn their focus toward differentiating in the face of increased digital competition and rising consumer expectations, building a commerce experience that makes shopping both seamless and enjoyable for customers.

      And how exactly will they achieve that?

      It all comes down to e-commerce personalization, which more than 65% of the marketing and e-commerce leaders surveyed by eTail Nordic noted as an important priority in solving their biggest e-commerce challenges. Importantly, it will be achieved through true personalization, which is powered by a unified view of customer and commerce data that allows businesses to understand both who their customers are and what it is they’re seeking. 

      Companies are increasingly recognizing just how powerful that data is in driving experience. It’s the reason why 53% of respondents surveyed for this report cited “data, analytics, and CRM” as an area their organization was most likely to invest in over the next three years. That data will be what allows them to build the lasting customer relationships and brand loyalty that has become increasingly important in this digital age. 

      Today, consumers are faced with endless choices when they go online. They’re looking to their favorite brands to make things simpler. They’re looking for digital experiences that put the joy back into online shopping. By tailoring each digital experience to each unique shopper, businesses can finally deliver that. Adopting data-driven solutions that drive personalized site search, content, offers, segmentation, and more will ultimately allow them to build the type of personalized commerce experience that makes a customer want to return again and again.

      E-commerce has seen substantial growth these past few years, and now that consumers have come online en masse, it's up to businesses to deliver an experience that will keep them there. The next era of e-commerce is one of sustainable growth, powered by personalization and fortified with the data that makes it possible. 

      Digital transformation brought a great deal of excitement to the world of commerce. Now, it’s time for experience to take center stage. Your customers are waiting. 

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      Raj De Datta

      CEO and Co-Founder at Bloomreach

      Raj De Datta is Co-Founder and CEO of Bloomreach, a leading software platform for digital commerce experiences that powers brands representing 25% of retail eCommerce in the US and the UK. Raj is a multiple-time entrepreneur. Before launching Bloomreach, he was entrepreneur-in-residence at Mohr-Davidow Ventures, served as Cisco’s director of product marketing and was on the founding team of telecom company FirstMark Communications. Raj also worked in technology investment banking at Lazard Freres. Raj serves on the Council for Player Development for the US Tennis Association, as a Founder Partner at seed-stage venture capital firm Founder Collective and an individual investor in over 20 start-ups. Raj is the author of the bestselling book from Columbia University Press, “The Digital Seeker” which is a guide for digital teams to build winning experiences. He holds a BS in Electrical Engineering with a certificate in Public Policy and International affairs from Princeton University and an MBA with distinction from Harvard Business School. 

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