Digital Marketing Specialist
What is a CDP – Customer Data Platform? That has been a question for most of the population. CDP is a packaged marketing software, often deployed as Software as a Service (SaaS) that provides customer data unification and identity resolution. It creates a single view of customers and to connect the unified data to other applications to improve marketing performance, optimize engagement, enhance analytics, compliance (CCPA / GDPR) and to get insights that drive personalized experiences and higher return of investments (ROI).
These are the seven key capabilities of a Customer Data Platform (CDP):
A Customer Data Platform (CDP) is a marketing software that unifies and activates a company’s customer data from all sources and channels, then it allows the company to use unified data to create personalized experiences for each of their customers.
A Customer Data Platform (CDP) unifies data from multiple sources in real time to a create unified longitudinal customer record, stores it in a big data store and makes the unified data available for other systems and applications. CDP’s often use machine learning and AI to create insights from the unified data and to resolve customer identifies.
CDP’s has built in connectors to ingest data from various data sources (E.g. CRM, Website, eMail Service Provider (ESP) etc.) Ingested data is unified using open source schema like Common Data Model (CDM) and stored in a big data store (e.g. Data Lake, Document Databases). CDPs provide capability to connect segments to other platforms, apps and systems such as email, mobile apps, social media and websites etc.
Both are marketing software in which CDPs focus on first party data and DMPs on 3rd party data. CDPs have a broad marketing scope while DMPs are focused on advertising. CDPs store and manage PII for a long time (Personally Identifiable Information like email, name, phone number etc.) and DMPs store anonymized identifiers like cookie ID for a shorter period of time.
Salesforce is a two decades old B2B CRM that was never built for today’s digital consumer age. Salesforce does have a CDP it’s primarily built for very narrow use cases.
We hope this helps. Please reach out to us with any questions or a free trial or demo of SkyPoint Customer Data Platform (CDP).
With nearly 90% of the world’s data being created in the last two years, it is clear that as individuals…
The benefits of CDP is vast in present-day conditions. There are over 7000 marketing technology applications currently and most of them are…
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