
The power of personalization in the age of AI | Mark Abraham
TED Business
Dishwasher Delivery Debacle & Personalization
Summary: Mark Abraham shares an anecdote about a frustrating experience with a company that repeatedly sent him dishwasher recommendations after a delayed and damaged delivery. This highlights the importance of true personalization, where brands leverage insights to improve customer interactions. He introduces the Personalization Index, a tool to measure a brand's personalization effectiveness, and mentions top-scoring companies like Netflix and Starbucks. Insights:
- Irrelevant product recommendations can damage customer relationships.
- True personalization enhances the customer experience, rather than merely customizing products.
- Measuring personalization is crucial for improvement, which is why the Personalization Index was developed. Proper Nouns:
- Mark Abraham: Personalization expert and author, leading a team focused on improving customer experiences.
- Netflix: Example of a company excelling at personalization through tailored movie recommendations.
- Starbucks: Example of a company excelling at personalization through targeted offers in their app.
- Personalization Index: A scoring system (0-100) created to measure the effectiveness of a brand's personalization efforts.
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