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The power of personalization in the age of AI | Mark Abraham

TED Business

ADVICE

Building Trust Through Personalized Experiences

Summary: Stop focusing solely on selling and prioritize building trust with customers through personalization. Customers are more willing to share data when their experiences are personalized, which enables companies to improve further. Consumers should express their dissatisfaction with impersonal brands, influencing businesses to prioritize personalization and make customers feel valued. Insights:

  • Personalization increases customer data sharing dramatically, from 30% to 90%.
  • Impersonal brand interactions fuel customer anger and a sense of not being heard.
  • Consumers voicing dissatisfaction through feedback mechanisms can incentivize companies to improve personalization. Proper Nouns:
  • Mark Abraham: Personalization expert who conducted research on customer data sharing and advocates for personalized customer experiences.
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