It’s no secret that personalization has continued to shift consumer behavior and modernize so many aspects of our daily lives. From social media and streaming entertainment feeds to online grocery services, banking, travel booking, shopping, and more – the expectation for tailored experiences is growing exponentially. In fact, McKinsey found that 76% of consumers now get frustrated when they aren’t met with personalization.
But what has this increased demand really looked like for businesses and how well can they translate personalization efforts into real results?
To better understand the situation, challenges, and opportunities currently in play, Dynamic Yield conducted its annual personalization maturity survey across roles and sectors in the Americas (AMER), Europe and the Middle East (EMEA), and the Asia-Pacific (APAC) regions. This marks the fifth consecutive year publishing our research, which includes 196 responses from individuals in the C-Suite, Marketing, Merchandising, CX, Product, and IT.
Here’s a quick look at what we found:
Our take on the findings
Valued not only by consumers but the companies who wish to meet their expectations, 98% of those surveyed believe in the benefits of personalization to the larger business strategy or have made it core to their CX operations (up from 93% last year, which is part of an upward trend we’ve seen in motion since 2018).
This has led to more organizations than in previous years (75%) viewing personalization as a top priority in which they plan to invest further. Not surprisingly, a greater shift from Absent to Basic levels of maturity was seen in 2023 as teams across industries began to practice at least the foundations of an individualized approach.
However, as the market has matured, an understanding that technology alone is not enough to be successful in personalization became clear. Reflected in the vast majority of companies reporting Advanced in their efforts (similar to last year), the right methodologies and processes are now being developed to ensure their programs cut through the noise, make an even greater impact, and deliver the level of personalization that consumers both expect and reward.
You can read the complete report findings by clicking the image below.
Dynamic Yield customers raising the bar for personalization across all maturity categories
For greater accuracy and granularity of insights, this year we expanded the survey to sixteen questions while also refining the corresponding personalization Signals from eight to four.
Here’s how the rest of the market faired when we analyzed our maturity results against those of Dynamic Yield customers across Culture, Resources, Processes, and Effectiveness.
While both came back Advanced in overall maturity, Dynamic Yield customers scored Advanced in three out of the four Signals (Culture, Resources, and Effectiveness), but Pioneered in the way of Processes, whereas the rest of the market reported Basic across those same Signals, and a level down in Processes (at Advanced).
Additional takeaways exclusive to this article’s analysis include:
- Culturally, 76% of Dynamic Yield customers reported personalization being a top company priority and have plans to invest more in the practice, compared to 55% of non-customers.
- Diving further into Culture, 52% of Dynamic Yield respondents said they understand the benefits of an individualized approach to the larger business strategy and have allocated resources towards personalization, a sentiment shared by 31% of others in the industry.
- From a Resource perspective, 40% of those within the customer base cited having dedicated program owners in place as well as a team to support their personalization efforts, a situation twice less likely to be reported among non-customers (17%).
- Process-wise, only 7% of Dynamic Yield customers shared they lack an established process for circulating personalization results, which was higher among non-customers (23%). Further, almost half (47%) of platform users adhere to a process for circulating results to relevant teams and executives vs. 25% of non-customers who do the same.
- When it comes to the Processes around analyzing test outcomes, 34% of outside respondents either declare a winner and move on or don’t do anything with the insights they find – a number that shrinks to 13% when applied to Dynamic Yield customers. Further, 54% use derived insights to adjust and run future personalization campaigns vs. 26% when assessing the rest of the market.
- In regards to program Effectiveness, 9% of Dynamic Yield customers said they determine the winner of personalization campaigns in the moment and without clear KPIs, which happens more often for non-customers (28%). Concurrently, 31% of respondents from the customer base are aligned on performance metrics and overall program objectives vs. that being the case for 12% of outside survey participants.
With quite significant fluctuations in responses, those on the outside looking in might be tempted to question the validity of these results. After all, it is a Dynamic Yield report based on an assessment we created.
However, through our work with hundreds of leading brands over the last decade, if there is one thing we know, it’s how to build an effective personalization program – one that goes beyond mere technological requirements and encapsulates all of the various levers that can make or break a team’s efforts.
From this knowledge, we’ve built a clear definition of what personalization maturity actually looks like which our customers now use to evaluate their current position and forge a clear plan for how to push their programs forward.
Today’s process investments are tomorrow’s maturity advancements
The progression we’ve seen in the state of personalization maturity shows promise for the future. Underscored by the doubling down on program processes, we believe these will pave the way for more organizations to evolve and eventually become pioneers, allowing them to take advantage of today’s possibilities and tomorrow’s emerging opportunities.
Be sure to check out the full report.
to learn more about how you can continue to climb the personalization maturity mountain, and don’t forget to discover where your own company stands by answering these 16 questions.
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href="https://www.dynamicyield.com/experience-os/"><span class="menu-banner-img-wrap"><img class="menu-banner-img-desktop" src="/wp-content/uploads/2024/10/expos-nav-updated.png" width="218" height="131" /><img class="menu-banner-img-mobile" src="/wp-content/uploads/2024/10/expos-nav-updated-mobile.png" width="114" height="98" /></span><span class="menu-cta-text-wrap"><span class="menu-cta-subtitle">Get an overview of Dynamic Yield’s product and see why we’re known as the Experience OS.</span> <span class="menu-cta-button">Learn more →</span></span></a></li></ul></div></li><li class="left"><div class="key_caps-wrapper"><h2>Core Capabilities</h2><ul class="links-list"><li class="key-caps-segment menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/segmentation/"><svg version="1.1" id="audience" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewBox="0 0 30 30" style="enable-background:new 0 0 30 30;" xml:space="preserve"><path id="audience-green" fill="#4FB294" d="M9.291,30H30V9.291C18.562737,9.291,9.291,18.562737,9.291,30z"/><path id="audience-black" d="M12.527,15.947C9.240353,12.385597,4.806085,10.093244,0,9.471V30h7.639 C7.632218,24.897682,9.35532,19.943764,12.527,15.947z"/><circle id="audience-circle" fill="#4FB294" cx="15" cy="4.967" r="4.967"/></svg>Segmentation<span>Identify, build, and analyze audiences</span></a></li><li class="key-caps-omnichannel menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/targeting/"><svg version="1.1" id="personalization" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewBox="0 0 20.987 30" style="enable-background:new 0 0 20.987 30;" xml:space="preserve"><path id="personalization-black-2" d="M20.987,19.507c0,5.795401-4.698099,10.4935-10.4935,10.4935S0,25.302401,0,19.507H20.987z"/><path id="personalization-pink" fill="#EE3968" d="M18.143,10.245c0,4.224978-3.425022,7.649999-7.65,7.649999S2.842999,14.469978,2.842999,10.245 H18.143z"/><circle id="personalization-black-1" cx="10.494" cy="4.307" r="4.307"/></svg>Targeting<span>Serve each customer with unique offers</span></a></li><li class="key-caps-recs menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/recommendations/"><svg version="1.1" id="recs" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewBox="0 0 30 30" style="enable-background:new 0 0 30 30;" xml:space="preserve"><path id="recs_4" d="M15.953,30H30V15.953H15.953V30z"/> <path id="recs_3" d="M0,15.953V30h14.047V15.953H0z"/><path id="recs_2" fill="#FFA354" d="M30,14.047V0H15.953v14.047H30z"/><path id="recs_1" d="M14.047,0H0v14.047h14.047V0z"/></svg>Recommendations<span>Algorithmically predict customers’ interests</span></a></li><li class="key-caps-email menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/journey-orchestration/"><svg version="1.1" id="trigger" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewBox="0 0 26.017 30" style="enable-background:new 0 0 26.017 30;" xml:space="preserve"><path id="trigger-black" d="M14.017,12h12l-12,18V12z"/><path id="trigger-purple" fill="#5D39B9" d="M12,18H0L12,0V18z"/></svg>Journey Orchestration<span>Reach customers at critical moments</span></a></li><li class="key-caps-abtesting menu-item menu-item-type-custom menu-item-object-custom"><a href="/optimization/"><svg version="1.1" id="testing" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewBox="0 0 28.713001 30" style="enable-background:new 0 0 28.713001 30;" xml:space="preserve"><path id="testing-blue" fill="#6BDADA" d="M15.831,0c7.114532,0,12.882001,5.767468,12.882001,12.882S22.945532,25.764,15.831,25.764l0,0V0z"/><path id="testing-black" d="M12.882,30C5.767468,30,0,24.232533,0,17.118S5.767468,4.236,12.882,4.236V30z"/></svg>Optimization<span>Experiment on any digital property</span></a></li><li class="key-caps-search menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/search/"><svg width="16" height="16" viewBox="0 0 16 16" fill="none" xmlns="http://www.w3.org/2000/svg"> <g clip-path="url(#clip0_4082_5186)" id="cap-search-svg-bg"> <path d="M11.6757 9.81054C8.73958 9.81054 6.35089 7.42177 6.35089 4.48562C6.35089 2.62899 7.30664 0.992133 8.75134 0.0388074C8.50309 0.0155936 8.25193 0.00238037 7.99762 0.00238037C3.58066 0.00238037 0 3.58304 0 8C0 12.417 3.58066 15.9976 7.99762 15.9976C12.4146 15.9976 15.9952 12.417 15.9952 8C15.9952 7.86848 15.9916 7.73782 15.9853 7.60785C15.0166 8.94122 13.4462 9.81054 11.6757 9.81054Z" fill="black"/> <path id="cap-search-svg-circle" d="M11.6757 0.161346C11.2226 0.161346 10.7857 0.231773 10.3749 0.361649C8.62429 0.915114 7.35156 2.55436 7.35156 4.48561C7.35156 6.87003 9.29141 8.80988 11.6757 8.80988C13.5373 8.80988 15.1277 7.62753 15.7358 5.97437C15.9066 5.51 16 5.00851 16 4.48561C16 2.10119 14.0602 0.161346 11.6757 0.161346Z" fill="#FFC61E"/> </g> <defs> <clipPath id="clip0_4082_5186"> <rect width="16" height="16" fill="white"/> </clipPath> </defs> </svg>Search<span>Help customers find what they want</span></a></li></ul></div></li><li class="right"><div class="scale-wrapper"><h2>Made for Scale</h2><ul class="links-list"><li class="key_caps-element menu-item menu-item-type-custom menu-item-object-custom"><a href="/element/">Element<span>A groundbreaking new dimension of hyper-personalization</span></a></li><li class="key_caps-adaptml menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/ai/">AI & Automation<span>Increase automation, lower operational costs, and drive more revenue with a holistic AI personalization system</span></a></li><li class="key_caps-apis menu-item menu-item-type-custom menu-item-object-custom"><a href="https://www.dynamicyield.com/experience-apis/">Experience APIs<span>Give developers the tools they need to build the best customer experiences</span></a></li><li class="key_caps-enterprise menu-item menu-item-type-custom menu-item-object-custom"><a href="https://www.dynamicyield.com/enterprise-grade-personalization/">Enterprise solutions<span>Scale with security, privacy, and compliance, made for the enterprise</span></a></li></ul></div></li></ul><a href="/shopping-muse/" target="" class="banner"><div class="menu-banner"><span class="menu-cta-text"><strong>Meet Shopping Muse: </strong> Conversational commerce meets cutting-edge personalization.</span> <span class="menu-cta-button">Learn more →</span></div></a></div></li><li id="solutions" class="dropdown links"><a href="" class="label">Solutions</a><div class="content"><ul><li class="left"><div class="industries-wrapper"><h2>Industries</h2><ul class="links-list"><li class="industry-ecomm menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/ecommerce/">eCommerce</a></li><li class="industry-finserv menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/financial-services/">Financial Services</a></li><li class="industry-qsr menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/restaurants/">Restaurants</a></li><li class="industry-grocery menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/grocery/">Grocery</a></li><li class="industry-b2b menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/b2b-ecommerce/">B2B eCommerce</a></li><li class="industry-travel menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/travel/">Travel</a></li><li class="industry-gaming menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/gaming/">iGaming</a></li><li class="industry-media menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/media/">Media</a></li></ul></div></li><li class="right"><div class="channels-wrapper"><h2>Channels</h2><ul class="links-list"><li class="channels-web menu-item menu-item-type-custom menu-item-object-custom"><a href="/web/">Web<span>Create customer-centric web experiences</span></a></li><li class="channels-email menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/channels/email/">Email<span>Personalize emails with a no-code builder</span></a></li><li class="channels-mobile-apps menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/mobile/">Apps<span>Optimize mobile app experiences</span></a></li><li class="channels-ads menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/advertising/">Ads<span>Improve customer acquisition results</span></a></li></ul></div></li></ul></div></li><li id="why-dynamic-yield" class="dropdown links"><a href="" class="label">Why Dynamic Yield</a><div class="content"><ul><li class="impact-wrapper"><h2>Proven impact and success services</h2><ul class="links-list"><li class=" menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/clients/">Select customers</a></li><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="/case-studies/">Case studies</a></li><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="/customer-success/">Customer success services</a></li></ul></li><li class="scale-wrapper"><h2>Built for scale</h2><ul class="links-list"><li class=" menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/enterprise-grade-personalization/">Enterprise-grade solutions</a></li><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="/adaptml/">AI Technology</a></li><li class=" menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/gdpr-and-privacy/">GDPR and data privacy</a></li><li class=" menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/security/">Security</a></li><li class=" menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/compliance/">Compliance</a></li></ul></li><li class="network-wrapper"><h2>Robust partner network</h2><ul class="links-list"><li class=" menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/partners/">Partner library</a></li><li class=" menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/partner-program/">Partnership program</a></li><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="/partners/#technology-partners">Tech Partners and Integrations</a></li></ul></li><li class="resources-wrapper"><h2>Extensive product resources</h2><ul class="links-list"><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="https://support.dynamicyield.com/hc/en-us">Knowledge Base</a></li><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="http://academy.dynamicyield.com/">Academy & Certification</a></li><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="https://support.dynamicyield.com/hc/en-us/community/topics">Community</a></li><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="https://dy.dev/">API documentation</a></li></ul></li></ul><a href="https://www.dynamicyield.com/personalization-awards/" target="_self" class="banner"><div class="menu-banner"><div class="menu-cta--left"> <img src="/wp-content/uploads/2023/11/2023-award-badge.svg" width="60" height="60" /></div><div class="menu-cta--right"> <strong class="menu-cta-title">The Personalization Awards</strong> <span class="menu-cta-subtitle">Celebrating customers and partners setting the gold-standard for personalization</span> <span class="menu-cta-button">Learn more →</span></div></div></a></div></li><li id="company" class="dropdown button"><a href="" class="label">Company</a><div class="content"><ul class="links-list"><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="https://www.mastercard.com/us/en/for-the-world/about-us.html">About us</a></li><li class=" menu-item menu-item-type-custom menu-item-object-custom"><a href="/blog/">Blog</a></li><li class=" menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/labs/">DY Labs</a></li><li class=" menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/careers/">Careers</a></li><li class=" menu-item 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exponential levels</a></li><li class="hidden-desktop menu-item menu-item-type-custom menu-item-object-custom"><a href="/learn/">XP<sup>2</sup> Hub<span>Take your knowledge to exponential levels</span></a></li><li class="resources-paths menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/learning-paths/">Learning Paths<span>Curated courses on key skill areas</span></a></li><li class="resources-webinars menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/talks/">Talks<span>Engaging discussions taking place in CX</span></a></li><li class="resources-articles menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/articles/">Articles<span>An expansive collection of in-depth playbooks</span></a></li><li class="resources-glossary menu-item menu-item-type-custom menu-item-object-custom"><a href="/glossary-terms/">Encyclopedia<span>A glossary of experience optimization terms</span></a></li><li class="resources-use-cases menu-item menu-item-type-post_type menu-item-object-page"><a href="https://www.dynamicyield.com/personalization-examples/">Inspiration Library<span>Personalization examples from real brands</span></a></li><li class="resources-maturity menu-item menu-item-type-custom menu-item-object-custom"><a href="https://www.dynamicyield.com/personalization-maturity/"><strong class="badge-new">Personalization Maturity</strong><span>How global businesses prioritize personalization</span></a></li><li class="resources-guides menu-item menu-item-type-custom menu-item-object-custom"><a href="/guides/">Guides & reports<span>Comprehensive topic-specific materials</span></a></li><li class="resources-benchmarks menu-item menu-item-type-custom menu-item-object-custom"><a href="https://marketing.dynamicyield.com/benchmarks/">Benchmarks<span>Industry performance metrics and insights</span></a></li></ul></li><li class="bottom"><a href="/rooted-personalization/" target="_self"><div class="menu-banner"><div class="menu-cta--left"> <img src="/wp-content/uploads/2023/03/rooted-icon.svg" width="60" height="60" /></div><div class="menu-cta--right"> <strong class="menu-cta-title">Rooted Personalization<span>new</span></strong> <span class="menu-cta-subtitle">Learn a scalable methodology for building an audience-based personalization program.</span> <span class="menu-cta-button">Find out more →</span></div></div></a></li></ul></div></li><li class="contact top-link walker-last mobile-only menu-item menu-item-type-post_type menu-item-object-page" data-content="connect-with-us" title=""> <a href="https://www.dynamicyield.com/contact/"><span class="button-arrow">Connect with us</span></a></li></ul><div class="bg-layer" aria-hidden="true"></div></div></div></li></ul></nav></div><div class="topnav-buttons"><div class="language-switcher header-language-switcher"><ul><li>en<ul><li><a class="active" 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class="button-inner"> XP² Newsletter </span> </a></div></div></div><div class="lc-progress-wrap"><div class="lc-scroll-progress"></div></div></header><article id="post-189125" class="et_pb_post post-189125 post type-post status-publish format-standard has-post-thumbnail hentry category-company tag-personalization-maturity"><div class="article-content"><div class="article-breadcrumbs"> <a href="https://www.dynamicyield.com/blog/" title="Blog">Blog</a><ul class="post-categories"><li><a href="https://www.dynamicyield.com/blog/category/company/" rel="category tag">Company</a></li></ul></div><h1 class="article-title">Record-Breaking Belief in Personalization Spurs Ongoing Market Maturity</h1><h2 class="article-excerpt">Our fifth annual research report shows prominent process developments made to meet new customer expectations for personalization, even stronger for Dynamic Yield customers.</h2><div class="article-authors lc-flex"><div class="article-author-box lc-col lc-flex"><div class="article-author-image lc-col"><div class="entry_author_image"><img src="https://www.dynamicyield.com/wp-content/authors/ErnieSanteralli-130.jpeg" alt="Ernie Santeralli" width="76" height="76" /></div></div><div class="article-author-title lc-col"><div class="article-author-name"> <a href="https://www.dynamicyield.com/blog/author/erniesanteralli/" title="Posts by Ernie Santeralli" rel="author">Ernie Santeralli</a></div><div class="article-author-title-text"> Content Marketing Manager</div></div></div></div><div class="entry-content article-entry-content"><p>It’s no secret that personalization has continued to shift consumer behavior and modernize so many aspects of our daily lives. From social media and streaming entertainment feeds to online grocery services, banking, travel booking, shopping, and more – the expectation for tailored experiences is growing exponentially. In fact, McKinsey found that 76% of consumers now get frustrated when they aren’t met with personalization.</p><p>But what has this increased demand really looked like for businesses and how well can they translate personalization efforts into real results?</p><p>To better understand the situation, challenges, and opportunities currently in play, Dynamic Yield conducted its <a href="https://www.dynamicyield.com/personalization-maturity-survey/" target="_blank" rel="noopener noreferrer">annual personalization maturity survey</a> across roles and sectors in the Americas (AMER), Europe and the Middle East (EMEA), and the Asia-Pacific (APAC) regions. This marks the fifth consecutive year publishing our research, which includes 196 responses from individuals in the C-Suite, Marketing, Merchandising, CX, Product, and IT.</p><p>Here’s a quick look at what we found:</p><p><img fetchpriority="high" decoding="async" class="alignnone size-large wp-image-188985" src="https://www.dynamicyield.com/wp-content/uploads/2023/01/personalization-maturity-inline-1-1024x634.jpg" alt="" width="1024" height="634" /></p><h2>Our take on the findings</h2><p>Valued not only by consumers but the companies who wish to meet their expectations, 98% of those surveyed believe in the benefits of personalization to the larger business strategy or have made it core to their CX operations (up from 93% last year, which is part of an upward trend we’ve seen in motion since 2018).</p><p>This has led to more organizations than in previous years (75%) viewing personalization as a top priority in which they plan to invest further. Not surprisingly, a greater shift from Absent to Basic levels of maturity was seen in 2023 as teams across industries began to practice at least the foundations of an individualized approach.</p><p>However, as the market has matured, an understanding that technology alone is not enough to be successful in personalization became clear. Reflected in the vast majority of companies reporting Advanced in their efforts (similar to last year), the right methodologies and processes are now being developed to ensure their programs cut through the noise, make an even greater impact, and deliver the level of personalization that consumers both expect and reward.</p><p>You can read the complete report findings by clicking the image below.</p><p><a href="https://www.dynamicyield.com/files/research/DY-Personalization-Maturity-2023.pdf" target="_blank" rel="noopener noreferrer"><img decoding="async" class="alignnone wp-image-188990 size-large" src="https://www.dynamicyield.com/wp-content/uploads/2023/01/personalization-maturity-inline-2-1024x486.jpg" alt="" width="1024" height="486" /></a></p><h2>Dynamic Yield customers raising the bar for personalization across all maturity categories</h2><p>For greater accuracy and granularity of insights, this year we expanded the survey to sixteen questions while also refining the corresponding personalization Signals from eight to four.</p><p>Here’s how the rest of the market faired when we analyzed our maturity results against those of Dynamic Yield customers across Culture, Resources, Processes, and Effectiveness.</p><p><img decoding="async" class="alignnone size-large wp-image-188995" src="https://www.dynamicyield.com/wp-content/uploads/2023/01/personalization-maturity-inline-3-1024x442.jpg" alt="" width="1024" height="442" /></p><p>While both came back Advanced in overall maturity, Dynamic Yield customers scored Advanced in three out of the four Signals (Culture, Resources, and Effectiveness), but Pioneered in the way of Processes, whereas the rest of the market reported Basic across those same Signals, and a level down in Processes (at Advanced).</p><p><strong>Additional takeaways exclusive to this article’s analysis include:</strong></p><ul><li aria-level="1">Culturally, 76% of Dynamic Yield customers reported personalization being a top company priority and have plans to invest more in the practice, compared to 55% of non-customers.</li></ul><ul><li aria-level="1">Diving further into Culture, 52% of Dynamic Yield respondents said they understand the benefits of an individualized approach to the larger business strategy and have allocated resources towards personalization, a sentiment shared by 31% of others in the industry.</li></ul><ul><li aria-level="1">From a Resource perspective, 40% of those within the customer base cited having dedicated program owners in place as well as a team to support their personalization efforts, a situation twice less likely to be reported among non-customers (17%).</li></ul><ul><li aria-level="1">Process-wise, only 7% of Dynamic Yield customers shared they lack an established process for circulating personalization results, which was higher among non-customers (23%). Further, almost half (47%) of platform users adhere to a process for circulating results to relevant teams and executives vs. 25% of non-customers who do the same.</li></ul><ul><li aria-level="1">When it comes to the Processes around analyzing test outcomes, 34% of outside respondents either declare a winner and move on or don’t do anything with the insights they find – a number that shrinks to 13% when applied to Dynamic Yield customers. Further, 54% use derived insights to adjust and run future personalization campaigns vs. 26% when assessing the rest of the market.</li></ul><ul><li aria-level="1">In regards to program Effectiveness, 9% of Dynamic Yield customers said they determine the winner of personalization campaigns in the moment and without clear KPIs, which happens more often for non-customers (28%). Concurrently, 31% of respondents from the customer base are aligned on performance metrics and overall program objectives vs. that being the case for 12% of outside survey participants.</li></ul><p>With quite significant fluctuations in responses, those on the outside looking in might be tempted to question the validity of these results. After all, it <em>is</em> a Dynamic Yield report based on an assessment <em>we</em> created.</p><p>However, through our work with hundreds of leading brands over the last decade, if there is one thing we know, it’s how to build an effective personalization program – one that goes beyond mere technological requirements and encapsulates all of the various levers that can make or break a team’s efforts.</p><p>From this knowledge, we’ve built a clear definition of what personalization maturity actually looks like which our customers now use to evaluate their current position and forge a clear plan for how to push their programs forward.</p><h2>Today’s process investments are tomorrow’s maturity advancements</h2><p>The progression we’ve seen in the state of personalization maturity shows promise for the future. Underscored by the doubling down on program processes, we believe these will pave the way for more organizations to evolve and eventually become pioneers, allowing them to take advantage of today’s possibilities and tomorrow’s emerging opportunities.</p><p>Be sure to <a href="https://www.dynamicyield.com/files/research/DY-Personalization-Maturity-2023.pdf" target="_blank" rel="noopener noreferrer">check out the full report</a>.</p><p> to learn more about how you can continue to climb the personalization maturity mountain, and don’t forget to discover where your own company stands by answering <a href="https://www.dynamicyield.com/personalization-maturity-survey/" target="_blank" rel="noopener noreferrer">these 16 questions</a>.</p></div></article><div style="clear: both;"></div></div></div><div class="article-content"><div class="article-separator"><svg width="54" height="26" viewBox="0 0 54 26" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M53.0088 25.6367C52.7884 21.9564 51.8025 18.3625 50.1141 15.0849C48.4256 11.8073 46.0718 8.9181 43.2031 6.60203L43.2031 25.6367L53.0088 25.6367Z" fill="black"/> <path d="M14.4395 3.59038C10.3237 5.69174 6.82743 8.83082 4.29638 12.6973C1.76533 16.5638 0.28711 21.0239 0.0078125 25.6367L14.4395 25.6367L14.4395 3.59038Z" fill="black"/> <path d="M17.6563 2.20809L17.6562 25.6367L39.9829 25.6367L39.9829 4.36701C39.9829 4.36701 30.7303 -2.31342 17.6563 2.20809Z" fill="black"/> </svg></div><div class="article-tags-block"> <strong>Categories:</strong><ul class="post-categories"><li><a href="https://www.dynamicyield.com/blog/category/company/" rel="category tag">Company</a></li></ul></div><div class="article-tags-block"><strong>Tags:</strong><a href="https://www.dynamicyield.com/blog/tag/personalization-maturity/" rel="tag">Personalization Maturity</a></div></div></div><section class="lc-subscription-section"><div class="lc-subscription-form-block lc-subscription-inner"><h4 class="lc-subscription-title">Sign up for the XP² newsletter</h4><div class="lc-subscription-text">Join thousands of readers from Target, Citi, Spotify, Hulu, Google, Sephora, and other innovative brands who read our bi-weekly XP² newsletter, delivering educational content, research, and insights straight to your inbox</div><form class="mktoForm" data-formId="3876" data-formInstance="sub-inline"></form><div class="lc-privacy-wrapper"><div class="lc-privacy"> You may unsubscribe at any time. 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_form.vals({ mkt_tok: ls_mkto_tok });
}
// Fill in the UTM data from localStorage
var dy_utms = {
'utm_source': 'txt_source__c',
'utm_medium': 'txt_medium__c',
'utm_content': 'txt_content__c',
'utm_campaign': 'txt_campaign_name__c',
'utm_term': 'txt_term__c',
'gclid': ['GCLID__c', 'GCLID_c__c']
};
for(var i = 0; i < Object.keys(dy_utms).length; i++) {
var ls_key = Object.keys(dy_utms)[i],
ls_value = localStorage.getItem(ls_key),
form_key = dy_utms[ls_key],
form_field;
if(ls_value) {
if(ls_key === 'gclid') {
ls_value = JSON.parse(ls_value).value;
}
if(typeof(form_key) === 'string') {
form_field = form[0].querySelector('input[type="hidden"][name="' + form_key + '"]');
if(form_field) {
form_field.value = ls_value;
}
} else {
for(var j = 0; j < form_key.length; j++) {
form_field = form[0].querySelector('input[type="hidden"][name="' + form_key[j] + '"]');
if(form_field) {
form_field.value = ls_value;
}
}
}
}
}
// IP Address
fetch('https://www.cloudflare.com/cdn-cgi/trace').then(function(result) {
result.text().then(function(values) {
values.split("\n").map(function(item) {
var pair = item.split('=');
if(['ip'].includes(pair[0])) {
form[0].querySelector('input[type="hidden"][name="IP__c"]').value = pair[1];
}
});
});
});
// GA ID and Referrer
var dy_utms_cookie = {};
document.cookie.split(';').forEach(function(el) {
var splitCookie = el.split('=');
var key = splitCookie[0].trim();
var value = splitCookie[1];
dy_utms_cookie[key] = value;
});
if(dy_utms_cookie["_ga"]) {
form[0].querySelector('input[type="hidden"][name="Visitor_ID__c"]').value = dy_utms_cookie["_ga"].substring(6);
}
if(dy_utms_cookie["personalize_referrer_string"]) {
form[0].querySelector('input[type="hidden"][name="Referral__c"]').value = dy_utms_cookie["personalize_referrer_string"].substring(6);
}
// ZoomInfo
if(localStorage.getItem('ZoomInfoData')) {
var zoominfo_data = JSON.parse(localStorage.getItem('ZoomInfoData'));
if(zoominfo_data) {
form[0].querySelector('input[type="hidden"][name="Alexa_Rank__c"]').value = zoominfo_data.alexaglobalrank;
form[0].querySelector('input[type="hidden"][name="Employees__c"]').value = zoominfo_data.employeesrange;
form[0].querySelector('input[type="hidden"][name="Company_Revenue_Range__c"]').value = zoominfo_data.estimatedannualrevenue;
}
}
// Also, dispatch a dataLayer event on success
_form.onSuccess(function(values, follow_up_url) {
window.dataLayer = window.dataLayer || [];
if([3739, 4802, 5094, 5110, 4946, 5076, 5116, 5171, 5172, 5173].includes(_form.getId())) {
window.dataLayer.push({
'event': 'demo_request_complete',
'eventCallback': function() {
if(follow_up_url) {
window.location.href = follow_up_url;
}
}
});
return false;
} else if([3876].includes(_form.getId())) {
window.dataLayer.push({
'event': 'newsletter_signup_complete',
'eventCallback': function() {
if(follow_up_url) {
window.location.href = follow_up_url;
}
}
});
return false;
}
});
});
}</script> <script>if(typeof(jQuery) !== 'undefined') {
$ = jQuery.noConflict();
}
function getUrlParameter(sParam) {
var sPageURL = decodeURIComponent(window.location.search.substring(1)),
sURLVariables = sPageURL.split('&'),
sParameterName,
i;
for (i = 0; i < sURLVariables.length; i++) {
sParameterName = sURLVariables[i].split('=');
if (sParameterName[0] === sParam) {
return sParameterName[1] === undefined ? true : sParameterName[1];
}
}
}
$(window).load(function(){
var videoID = getUrlParameter('video');
if(videoID !== undefined){
if($('#wistia-' + videoID + '-1').length){
var videoName = $('#wistia-' + videoID + '-1').parents('.tab-pane');
videoName = videoName[0].id
}
if($('a[href="#' + videoName +'"]').length){
$('a[href="#' + videoName +'"]').each(function(){
$(this).click();
});
}
addScript('https://fast.wistia.com/embed/medias/'+ videoID +'.jsonp');
addScript('https://fast.wistia.com/assets/external/E-v1.js');
$('body').append('<span class="wistia_embed wistia_async_'+videoID+' popover=true popoverContent=link dy-wistia-popup" style="display:inline"></span>');
window._wq = window._wq || [];
_wq.push({ id: videoID, onReady: function(video) {
var video = Wistia.api(videoID);
video.popover.show(); // open the popover
video.play(); // play the video
setTimeout(function(){video.unmute();}, 500);
}});
}
});</script> <style>#adBanner {
background-color: transparent;
height: 0;
width: 1px;
}</style><div id="wrapfabtest"><div id="adBanner"></div></div></body></html>
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