The Real-Time Interaction Management Space Is Dizzyingly Fragmented
Back in February, I published a brief on Demystifying Real-Time Interaction Management, where I reviewed evolving requirements for building a contextual marketing engine, capable of engaging empowered customers across real-time channels. These requirements include: customer recognition, contextual understanding, decision arbitration, offer orchestration, and measurement and optimization.
As promised then, I have been researching the RTIM space, and you can now read my latest report Market Overview: Real-Time Interaction Management, published last week. In this market overview, I look at four distinct – yet all critical – approaches to RTIM:
1. Enterprise marketing technologies address all five RTIM requirements, though offerings vary widely by vendors who focus on enterprise marketing software suites (EMSS), cross-channel campaign management (CCCM), marketing automation, business process management (BPM), customer relationship management (CRM, and loyalty programs.
2. Advanced analytics is a prerequisite for successful RTIM execution, addressing all requirements except offer orchestration. The broad analytics spectrum includes customer profiles, predictive models, and digital intelligence for web analytics, tag management, and identity management.
3. Digital marketing solutions address personalization for websites and social media channels, and include advertising technologies such as data management platform (DMP) and demand-side platform functionality for paid media targeting and re-targeting.
4. Transactional recommendations have evolved beyond their ecommerce roots to include product offers and content personalization across multiple channels, including email and mobile – especially mobile apps designed for proximity marketing to improve the in-store experience.
A multitude of vendors compete in these four spaces – which overlap in terms of capabilities and channel coverage:
For more on vendor capabilities across the RTIM spectrum, I invite you to download the market overview. I’m also working on a Forrester Wave™ for RTIM, which we will publish this summer.
If you have questions about RTIM, feel free to send me an email or set up an inquiry to discuss the enterprise marketing technology landscape. I would be happy to address your questions or explore your own RTIM requirements.