Key Insights: Leaders harness social media for digital transformation and customer service

30-second summary: Our Marketing Intelligence September report ‘Search & Social Advertising’ as the front runner in this technology segment. Deloitte states that 77% of CEOs report that digital transformation efforts have significantly accelerated. Social media helped 69% of brands prepare for the COVID-19 impact on business and maintain customer/audience relationships. 66% agreed that social media programs have helped their business prepare for a broader digital transformation. Gartner benchmarked 118 brands on their digital customer service strategies. The sectors included Big Box retailers, department stores, fashion, specialty retail, grocery, financial services, watches & jewelry, and hotels. Customer service ‘leaders’ included H&M, Sephora, and a few more names. While Nike, Vans, Saks Fifth Avenue, Big Box retailers like Whole Foods fell into the ‘laggards’ category. Surprised? Dive in to find out more. As per our ClickZ and Search Engine Watch pulse survey’s latest insights, ‘Advertising & Promotion’ is the top marketing technology that piqued senior marketers’ interest in September. Our Marketing Intelligence September report shares a deep dive analysis of seven-day rolling averages and shows ‘Search & Social Advertising’ as the front runner in this technology segment. This week we help you establish how social media strategy can catalyze digital transformation and help across business verticals like sales, customer relationships, customer service, and how matured brands are harnessing the power of social media. Deloitte states that 77% of CEOs report that digital transformation efforts have significantly accelerated and 70% of CEOs are prioritizing changes to customer behavior as the most important factor setting their future direction. To help you understand social media’s instrumental role in digital transformation, we’ve chosen data-backed paths by Gartner and Hootsuite. How is social media enabling business transformation? Hootsuite highlights different business outcomes that were achieved in marketing and sales functions. Hootsuite’s and Altimeter Group’s survey of 2,162 marketers that conducted in-depth interviews with leaders working in large enterprises using complex social media strategies, to find answers to these critical questions: What do organizations achieve when they broaden their use of social media beyond marketing and communications departments? How does social media impact customer, employee, partner, shareholder, and community relationships? As organizations expand their use of social media to influence these relationships, how does it prepare them to meet broader transformation goals? Some key findings from the survey were: 72% of Hootsuite’s respondents agreed that social media helps improve the efficiency of their other media 78% agreed that …
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