Innovation Through Collaboration

“CRM is not about technology” was the popular mantra of 2000: so it is ironic that in 2008 CRM means ‘customer relationship management supported by technology’. Even Forrester has redefined it this way. However, to view CRM as secondary to customer relationship strategy – as some business managers do - is to be blind to the opportunities for innovation and value creation spilling out of the heads of IT professionals. For there, flows a wealth of ideas to realize the vision of sales through service, differentiating customer experience and conversational marketing.

With the escalating pace of IT change, and investment in CRM technology (licences and maintenance) set to reach $11bn by 2011 it is now a pre-requisite for strategic marketing managers to be IT literate and work in collaboration with IT colleagues to spot opportunity, innovate and set relevant business change in motion. Fortunately, new software delivery models such as open source and software as a service (SaaS) enable this transformation by increasing access to IT and lowering the cost of experimentation.

So here are some key technologies to look out for. Many are at long last able to meet the CRM vision we have had for so long; others promise to remove the ‘Berlin Wall’ between IT and business; some will revolutionise industries.

Enhancing the customer value proposition

• Real-time decision support (aka next best action)
• Social productivity platforms
• Mobile and location based services
• Mashups

Augmenting people - your most valuable asset

• Enterprise 2.0
• Voice recognition

Generating the adaptive business

• Model driven CRM applications
• Cloud computing

Behind the scenes

• Information security
• Service orientated application or architecture (SOA
• Bandwidth and memory storage
• Virtualisation

For more detail see “New Technologies every marketing manager should know about”.