Web services will revolutionize CRM (customer relationship management). This
revolution will affect not only how sales, marketing, and service
professionals interact with customers, but also how IT departments implement
and support the technology. CRM is, in fact, suffering from precisely the
constraints that Web services addresses architecturally. And several unique
characteristics of CRM technology, data, and workflow exacerbate these
constraints beyond other vertical applications.
The opportunities presented by this revolution will be balanced by equally
powerful pitfalls. This revolution will demand a rethinking of the way many
aspects of CRM technology are structured - in particular, data integration.
As such, CRM is a unique case study in how to apply a new technology to an
old problem.
What Is CRM, and Why Is It So Hard?
Broadly speaking, CRM is the set of bu... (more)
Whether you're in a clothing store, a car dealership, or a bank's online
catalog looking for low-interest loans, you're more liable to buy if you get
some personal attention. You want someone to answer your questions in real
time.
The trick for companies doing business online is to provide customers with
the same feeling of personal attention that they would get on the shop floor.
But since there is no highly experienced sales person sitting next to you
when you go online to buy a DVD player, companies need to create the illusion
of a seasoned salesperson by setting up systems t... (more)
In one day, a CIO receives two dreaded e-mails from the CEO, who is acting
under board pressure to change the company's fortunes. The first "asks" for a
revised IT budget reflecting a 15% cut for the rest of the year. The second
calls for new ways of using IT resources to capitalize on missed customer
revenue opportunities.
Forgive the CIO for feeling trapped. Suddenly the company's future seems to
hinge on two fundamentally conflicting business objectives: cutting costs and
increasing responsiveness to cross-selling, customer retention, and other
revenue opportunities. The trap... (more)