08.05.2024
352

5 Best Customer Data Platforms

Yuliia Zablotska
Author at ApiX-Drive
Reading time: ~8 min

Information about customers, their purchases, and interactions with the brand is a valuable resource for any business. It is not surprising that entrepreneurs and marketers pay increased attention to its collection, storage, and processing. In this regard, special services that offer various tools for working with client data have gained high popularity. We will tell you what customer data platforms (CDPs) are and what capabilities they have. Here, you can also familiarize yourself with a selection of the best systems in this area.

Content:
1. What are CDPs?
2. Types of Customer Data Platforms
3. Segment
4. Totango
5. Insider
6. Bloomreach
7. Emarsys
8. Conclusion
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What are CDPs?

A customer data platform is a B2B software used to create and manage a centralized database. It contains information about all customer interactions with the brand and its products. The stored information is segmented and analyzed to gain valuable insights and personalize marketing campaigns.

Businesses use CDPs for the following purposes:

  • Collection and unification of data. The platform organizes and categorizes data received from various sources such as email, web analytics, CRM, e-commerce platforms, social networks, and others. It enables the consolidation of information from all customer touchpoints into a single database.
  • Data management. These services provide tools for managing client data and controlling access to it. They oversee the flow of information between different sources and transmission channels, ensuring privacy and compliance with GDPR regulations.
  • Data activation. Customer data platforms assist in utilizing user data for marketing campaigns and other activities.

Types of Customer Data Platforms

Depending on their purpose, CDPs are divided into several types:

  • To consolidate and unify data. This category includes the simplest systems. They are only capable of automatically collecting data from different sources via API, then sorting and adding it to the repository.
  • To check and sort data. More advanced AI-enabled platforms check the accuracy of the received data and look for possible duplicates. Additionally, they create customer profiles that map their journey and touchpoints with the company.
  • For automated analytics. These CDPs replace professional analysts by effectively automating this process. They use AI to automatically process and analyze large amounts of data, and generate business insights based on research results.
  • For comprehensive marketing automation. Services of this type comprehensively automate the entire marketing life cycle of a company. In addition to collecting, sorting, and analyzing, they independently perform certain actions based on the data. For example, they plan and launch marketing campaigns and then analyze their results.

Now that you have figured out what customer data platforms are and why they are needed, we suggest you take a closer look at the 5 most popular CDPs today.

Segment

Our list of customer data platforms opens with Segment, a popular CDP with a set of powerful tools for collecting, processing, integrating, and activating user data. With its help, a business can flexibly manage its target audience and receive valuable marketing insights in real time.

Customer Data Platforms | Segment


Key features:

  • The Connections tool collects data about customers and their activities from mobile applications, servers, SaaS, websites, and other sources.
  • The Protocols feature regulates the rules for collecting and storing data, highlighting the most relevant information.
  • The Unify tool creates unique customer profiles based on behavioral data, taking it from touchpoints and combining it into a single whole.
  • Twilio Engage builds custom audiences based on various attributes and then uses them to personalize your marketing campaigns.
  • The system automatically populates customer profiles with data, helping companies interact with them more effectively.
  • Over 450 pre-installed connectors optimize the collection of data from various sources, speeding up their processing and activation.
  • Generative AI technologies automate data segmentation and create personalized campaigns based on text prompts.
  • Segment architecture allows you to open access to data to any team or third-party software.
  • The platform is easily customizable and scalable through integration with the company's technology stack.

Segment belongs to the free customer data platforms (CDP), as it offers users a corresponding plan. However, it has a limit of up to 1000 visitors per month. The line of paid tariff plans is represented by two subscription options:

  • Team (up to 10,000 visitors per month) – starting from $120 per month.
  • Business (includes everything in the Team plan, plus additional functionality) – the cost is calculated individually and is available upon request.

Team has a 14-day free trial. If you want to test Business, you need to contact the platform development company.

Totango

Totango is one of the most notable examples of customer data platforms. It helps businesses receive, analyze, and interact with customer data. Its tools enable companies to collect and consolidate information from various sources to make more informed business decisions.

Top Customer Data Platforms | Totango


Key features:

  • The platform uses AI and ML algorithms to assess the engagement status and other parameters of each client. This allows a business to identify hesitant potential customers and retain them.
  • Totango automates the collection and processing of data on deals and financial transactions (Salesforce, Netsuite), product usage, support tickets (Zendesk), customer feedback, and more. A CDP provides demographic and behavioral insights from every customer touchpoint.
  • Dynamic No-Schema Active Customer Index technology accelerates the analysis of customer data. It gives businesses the opportunity to quickly receive valuable insights and improve interaction with their audience.
  • Totango Spark gives employees the insights and tools to optimize the customer journey. This helps reduce churn, increase lifetime value, and increase conversion rates.
  • The best customer data platforms use advanced technologies. Totango is one of them. It has a smart chatbot called Zoe with access to DNA-CX's robust database and analytics technologies. It quickly finds information for specialists and promotes the formation of a client-centric culture.

Totango offers users three tariff plans:

  • Starter (up to 2 users and 500 client accounts).
  • Enterprise (up to 10 users and 2000 client accounts).
  • Premier (up to 20 users and 10,000 client accounts).

You can find out their cost upon individual request. Demo access is provided for those interested.

Insider

Insider is one of the most powerful CDP (customer data platforms). It was developed specifically for marketers of large companies. With its help, they can eliminate data silos, unify and enrich customer profiles, and activate them across 12+ channels.

Best Customer Data Platforms | Insider


Key features:

  • CDP has more than 100 pre-installed integrations with systems from 20 categories: analytics, CRM, social networks, paid advertising, and more. With their help, businesses synchronize data about customers, products, and interactions across the entire technology stack.
  • The platform automatically updates customer profiles with information about their purchases and other warehouse data. Two-way integration allows you to quickly transfer customer information to the warehouse database.
  • The system collects data about every contact and every transaction from all channels and touchpoints, including websites, mobile applications, social networks, and even offline resources.
  • With this CDP, marketers can aggregate and segment data across different brands owned by their company.
  • The service makes it possible to flexibly manage clients' personal information through customizable identification processes. This minimizes errors and improves data consistency and accuracy.

The cost of using Insider is calculated individually and is available upon request. To obtain demo access to CDP tools, you must also send a corresponding request to the company.

Bloomreach

Bloomreach is one of the most popular customer data management platforms today. It is a multifunctional B2B platform that offers functionality for collecting and storing customer data, as well as managing and automating marketing. Companies can choose the scope of services they need, whether it's just a CDP or a full suite of marketing tools including campaigns and analytics.

Best Customer Data Platforms | Bloomreach


Key features:

  • The platform easily scales and adapts to business needs, organizing and analyzing huge volumes of data with high speed and accuracy.
  • Bloomreach provides a complete picture of each client. It tracks in real time all their interactions with the company, past and present, and also predicts future actions.
  • The service has a number of useful features, including out-of-the-box dashboards, retention analysis, custom reports, advanced cohorts, and more. With them, you can measure campaign performance, collect information on customer behavior, set goals, and generate reports.
  • Loomi's AI assistant helps improve the user experience with relevant recommendations. In addition, it provides ready-made and customizable predictive models.
  • Marketing automation lets you set up and run personalized campaigns based on customer data across 13 different channels.

Subscription to Bloomreach Engagement products consists of a module fee and a subscription fee. Companies pay only for the modules they need. The final price depends on the amount of data they process.

Emarsys

Our review of customer data platforms concludes with Emarsys, an omnichannel system for interacting with customers. CDP is one of its components.

Customer Data Platforms (CDP) | Emarsys


Key features:

  • The service collects and unifies client data from a number of sources: websites, mobile applications, social networks, and email. The information obtained can be used to develop personalized marketing campaigns.
  • Advanced segmentation and predictive analytics capabilities help companies better understand customer preferences and behavior. This improves engagement and conversion rates.
  • The platform optimizes campaigns across different channels: paid advertising, email, SMS, social networks, push notifications, and more. To do this, it uses a system of process automation and triggers.
  • The AI technologies underlying Emarsys functionality generate personalized recommendations and dynamic content, making customer interactions more personal.
  • Built-in reporting and analytics tools effectively evaluate the results of marketing campaigns and measure KPIs.

The cost of a subscription to Emarsys is calculated individually. You can find it out upon request.

Conclusion

The demand for CDP is growing along with the increasing volumes of customer data that companies collect and process today. The top customer data platforms discussed in our article offer impressive sets of tools. They can significantly improve the productivity of any marketer or data analyst. With their help, businesses turn disparate information about their customers into a structured database – a valuable resource for optimizing marketing campaigns and improving the quality of service.

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