Leonie Christiansen
Marketing campaigns utilizing three or more channels have shown a staggering 287% higher purchase rate compared to single-channel campaigns. Furthermore, 43% of customers consult four or more sources before purchasing clothing. These insights from a Salesforce study clearly indicate that relying solely on a website significantly limits a company's digital potential.
Digital Experience Platforms (DXP) enable businesses to create cohesive customer experiences across various channels. Customers are not just using multiple channels; they're blending them, moving seamlessly from one to another.
Personalizing content and offers is crucial for increasing customer satisfaction, loyalty, and revenue. While digital personalization has been possible for some time, it was often confined to individual channels. DXPs break these barriers, allowing businesses to offer personalized experiences regardless of the channel or device.
Omnichannel commerce's advantage lies in its holistic approach, catering to the modern consumer's multi-faceted shopping behavior.
The more a company understands its customers, the more effectively it can tailor campaigns and products. In the digital era, this means leveraging data. The success of a business hinges on the amount and quality of data it can integrate. A DXP not only distributes content across channels but also gathers data from every touchpoint into a central pool for comprehensive analysis. This data is crucial for optimizing various aspects like landing pages and personalized product recommendations.
From an IT perspective, the modular microservice architecture of a DXP offers significant flexibility and adaptability. It allows for easy evolution, as new functions can be tested and integrated without disrupting the entire system. This is particularly true for Composable DXPs, which we will discuss next.
A well-implemented DXP maintains stability even as new channels and functions are added. It remains streamlined and scalable, capable of handling increasing visitor numbers without reaching a breaking point.
When exploring DXPs, you'll encounter two main types: comprehensive DXP suites and composable DXPs. The former offers a complete package with integrated functionalities and technologies, while the latter allows for a customized combination of solutions.
At Magnolia, we advocate for the Composable DXP approach. This method allows businesses to assemble their DXP using the best solutions available, centered around a Headless CMS for managing content and customer experiences across all channels.
In a Composable DXP, businesses can use API-open software from various providers to create the most efficient system for their needs. This approach offers freedom from vendor lock-in and the ability to easily replace outdated technologies. Connector Packs further simplify the integration of popular solutions for e-commerce, personalization, and digital asset management.
Composable DXP enables continuous optimization of digital customer experiences, offering the best possible experiences without being hindered by technical limitations. This approach aligns with the core goal of a DXP: to consistently enhance digital customer experiences, adapting and evolving with technological advancements and market demands.