Considering both the media scrutiny-as well as the political outcry-over data-collection processes employed by a number of high-profile U.S. companies, one might assume that when it comes to customer knowledge, American business knows it all. The sheer volume of data collected is massive; the number and variety of sources from which consumer information is gleaned-from credit applications and transactional histories to self-reported surveys and website registrations-appears to be endless. And did we mention the astonishing abundance of readily available public information?
So why, in this era of high-definition digital possibilities are a surprising number of otherwise sophisticated marketers still viewing their customer information in black & white? (more…)