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Less is More: The Path to Personalization Success
Personalization leaders experience a growth advantage of 10 points compared to laggards, while also achieving higher customer satisfaction and collectively standing to gain $2 trillion in incremental growth over the next five years. The key to effective personalization is a 'less is more' strategy, emphasizing fewer ads, offers, and messages to avoid overwhelming customers. By showing only relevant content, brands can foster trust and deepen customer relationships. Fidelity serves as a notable example of implementing this approach successfully.