How to Integrate PIM to Build Next-Generation Customer Relationships in Digital Commerce?
insight
Blog
By: Sagar Sharma

How to Integrate PIM to Build Next-Generation Customer Relationships in Digital Commerce? [Challenges and Solutions]

The word customer experience in digital commerce applies to all the customer’s online experiences. It can also include mobile applications, chatbots, social media, and all other platforms that have virtual touchpoints on their website.

Regardless of the area and platform, customer experience in digital commerce depends on how a customer perceives a brand during its customer lifecycle, based on their interaction with it. It contains impressions before and after-sales and includes online and offline interactions.

Using a central PIM network allows brands to develop and access the truth of the single source, offering excellent multi-channel consistency, data accuracy, and continuous upgrade and selection of data.

In various forms of digital commerce, several innovations are being developed and delivered, but consumer experience remains at the centers. The importance and usefulness of a PIM solution cannot be undermined in replacing this technology.

What is PIM (Product Information Management)?

PIM is a process of handling all information, contents, and other materials needed for the marketing and selling of the product. PIM also ensures the output for internal usage and multi-channel delivery of quality data.

PIM tools that allow businesses to integrate and manage their entire product range at one location. This can be hosted in the cloud, customized, or even deployed on-site. These are resources that help to optimize information for the wider use of industries as a centralized product database or library.

The use of product information management software can benefit businesses of all sizes. The method of creating, managing, and using product details and specifications for product catalogs online and offline is therefore radically simplified.

In the field of marketing and management, a PIM can monitor all the company’s catalog and inventory data in real-time, transmit it in a correct format to distribution channels, and provide for automatic sync to channel from the PIM.

To learn more about PIM, read What is PIM? – An Ultimate Guide for Product Information Management.

Why Do You Need Product Information Management?

One of the essentials imperatives for enterprises is to provide secure, relevant, and informative product data. For buying products, the consumers depend on rich product content and detailed product details. Business managers rely on PIM to provide comprehensive, reliable information to make important data-driven decisions on how to procure, distribute, and market products.

A solid PIM platform improves overall data quality significantly and controls access to, and use of data. With the growth of your business, it allows portfolio expansion for a better customer experience in digital commerce. Effective handling of product knowledge offers flexibility to adapt to changing market conditions.

1. Improve the quality of data

For e-Commerce, data quality is important. Consistent attribute values drive search and complexity while rich, robust content drives SEO.

PIM allows you to solve issues and delete unfinished tasks, inconsistent attribute values, and uncontrolled choices. With a reliable

PIM, you can comply with the regulations and legal requirements to ensure the completeness of the data. Consistency with the list of preferences and the inherited values can be controlled.

2. Align Multi-Channel

You can align your content to different channels using a PIM. Since potential customers will size you from different angles and touchpoints, your message, branding, and product data need to be consistent perfectly.

A good PIM enables you to balance consistency with relevance by finding product content elements to satisfy the needs of various customers and downstream channels.

3. Enhance efficiency

PIM maximizes the team’s productivity and increases customer experience in digital commerce.

A strong PIM allows you to reduce redundancy, and avoid focusing on error-prone, complex spreadsheets. The PIM system helps simplify the business starting activities and keeps things going with various tasks and notifications from one step to the next.

Without considerably improving your work efforts and the overall success of your team, you can provide more channels with the content, increasing your marketing strategy.

Basic Features of Product Information Management System

1) Simple import of data

Data import has become one of the major aspects of PIMs, specifically with multiple devices, operating systems, and data storage tools.

If you need to provide consumers with information from the spreadsheet, it will considerably reduce waiting times. You will keep customers who won’t wait to find precise data from records that they need.

2) Viewing Capability Data with Channel

You need a database on your mobile device to see how well your data looks on these networks.

The ability to view the requirements on each channel is even more critical so that content can be modified accordingly. It can also become difficult to maximize user interactions without seeing everything together.

Basically, via a working search engine, you will have an omniscient digital view of the data.

3) Getting Prepared the Channel

Either when data is stored in many databases, planning your data for all your proposed channels is not easy. You take care of this with digital asset management in your PIM.

Digital files, videos, user manuals, or guides are some of the data that you can need to alter. You can access all of these on the platform using the appropriate PIM software so that you can prepare them for their intended purposes.

4) Analytics of Content

Quality PIM system enables you to read and compile analysis quickly using machine learning.

This brings great advantages to monitoring the efficiency of your products online. You can now see how well those products are represented and are required now. Easy-to-read analyses demonstrate just what you must do.

5) Management of Global Governance

To be able to configure your data in one place, your PIM is a useful tool.

A feature that allows you to locally handle global governance is the best way to do this. It offers the marketing team a quicker way to handle content for marketing, giving local control over how to maximize content.

If you want to learn about more advanced PIM features, don’t miss to read Must Have Features of Product Information Management System.

Advantages of Product Information Management

1. Better Handling of product data

As the company expands, monitoring all product information can be challenging. This leads to instability, which affects the experience of customers.

You can work this out through a reliable PIM process. All product information is organized and maintained. It also enables the sharing of these data through various channels.

2. Customer experience enhancements

PIM solutions provide a customer experience in digital commerce with clear access to comprehensive information about the specific product. In this way, product refunds or complaints are minimized. It also eliminates the abandonment of shopping carts.

It provides consumers with new products much easier than average. If customers buy something, they can see how much stock is available.

Customers will browse for what they want and go to the check-out to order it. Instead of making an agent force them to buy they get more control.

3. Boosts time Performance

You save time on tasks with PIM tools and focus on essential work. Continuous and manual input processes are minimized. It enables product searching and inventory updating.

Cleaning data and simplifying information is simpler. It also eliminates frustration in data processing that could impact the working environment.

4. Cost savings

Deploying a successful PIM system lowers costs for service and supply chain. Accuracy of information decreases the risk of management and avoids the expense of bad product information. Before consumers begin to complain, businesses should replace out-of-stock products.

This improves the customer experience in digital commerce and encourages suppliers to perform more efficiently.

5. Easy Integration

In comparison to business processes, PIM solutions are easier to integrate. To control all your data operations, you can configure PIM. This will reduce costs for new technologies managed and marketed.

To get better insights about the PIM benefits, go through What Are the Benefits of PIM (Product Information Management) Systems?

Why Do You Need A Product Information Management System for E-commerce?

1. Faster lead times for products

In enabling you and your team to handle and edit all product information simultaneously, a good PIM will increase the speed and simplicity process. Reducing the lead times of the product would save you money and optimize your company resources.

2. Consistent cross-channel Product Specifications

You can create, edit, and maintain your product details simultaneously with the help of a PIM solution. In reality, a PIM system can reduce mistakes when upgrading item numbers, references, catalogs, SKU data, and several other item numbers, even though you manage products on different platforms.

3. Better customer experience

When product structure and descriptions improve, customer experience in digital commerce also improves.

The better your products are, the better they are classified effectively. The more detailed their explanations are, the more easily searches and product results are conducted with your readers.

4. Data enrichment gives you a competitive advantage

In the e-commerce world, it also simply means offering more information and data that increases competitiveness over other companies.

You can give your users more value and resolve your competition by the use of a PIM process to promote and improve your data. Also, this allows the company to expand and improves mobility.

5. Better cross-sales and Up sales

A PIM solution will support you if you are looking for a way to improve cross-sales and promote up sales. PIM systems reduce the time that you have to deal with your data, making it easier to use your sales strategy and more resources.

PIM solutions can help to link products and build up your company’s revenue.

6. Fewer Product Returns

If consumers know what they are purchasing, they will return products much less after they receive them. This reduces the time you spend replacing materials and helps to validate and motivate your company.

Low product returns help to promote customer satisfaction and ensure that the customers have an easy experience.

If you are an eCommerce marketer and want to get insights into PIM, read Why eCommerce Marketers Should Consider Product Information Management?

Next-Gen Ecommerce Platforms

In enterprises, the products with the best customer experience in digital commerce typically win. These products have become so intuitive that you don’t have to open a manual to explore how to do it.

Businesses need to remain agile and adapt to change to create better user experiences. You must also take a step ahead of the competition.

In the world of eCommerce, customer experience plays an important part, including a variety of goods, pricing, delivery, and service. The platform will continue to grow to offer better pricing and faster delivery for the customers.

Some elements play a critical part in enjoying users. They will remain relevant in the future, and businesses definitely won’t be left behind.

How Next Generation of Ecommerce Driving Customers?

This modern e-commerce generation and its ever-changing capabilities influence the customer experience in digital commerce.

If brands continue to refine and improve their digital policies, the defining factor in customer loyalty is personalization. There are a variety of solutions that can particularly revolutionize e-commerce, due to this rapid expansion of customer experience in AI.

Commercial digitization transforms consumer expectations and stimulates new buying habits and interactions that are unprecedented. To update their customer involvement strategies or face the risk of extinction, Brands have to focus on voice-powered and digital supports emerging markets.

Building a customized “genome” for customers through automation will increase the reputation of a brand within a fickle user base. The use of wearable technology is one-way brands solve this issue.

How to Solve Next-Generation Customer Experience with A Product Information Management Platform?

Maintaining and synchronizing product data has become difficult for modern-day businesses. Especially, when publishing in multiple channels in different formats.

Using a central PIM network allows brands to develop and access the truth of the single source, offering excellent multi-channel consistency, data accuracy, and continuous upgrade and selection of data.

Here are the 3 vital instrumental tools of the PIM system that solves the modern-day customer experience problem.

1. Visual Commerce

Modern-day buyers are always keen on finding their products quickly. And also they seek only quality products. Implementing 2D or 3D technologies in the design ensures customers getting a better visual experience. PIM System comes with rich interactive product configuration, product display, and managing product data in a simplified manner.

PIM also filters visual attribute-based products and enhances the search experience. Data assets may be textual, visual, and audio or documented in the PIM database.

2. Unified Commerce

A PIM framework can build a new product data model in minutes with flexible database design capabilities. It also simplifies content and attributes related to products such as product availability, prices, and promotion across platforms. This helps brands achieve a cohesive market, offering superior customer experience in digital commerce.

3. Personalization

The trend of having personalized data in the business initially started by the B2C retail eCommerce, later businesses from several sectors followed the same path. PIM system enables you to store a multitude of consumer data – separated by various categories – and then use it to deliver impressive interactions with human emotions and feelings.

4. Things Commerce

Apart from maintaining quality and accuracy, the PIM system also does the structural feeding of data into the digital commerce platform. This ensures smart data management in a unified and dynamic environment. The data optimization and management process carried by PIM systems improve business intelligence (BI). Besides, data analysis, eliminates human error and makes sure the entire data analysis goes to perfection.

Concluding with

In many digital commerce areas, several innovations can emerge and deliver but the core is the customer experience. Customer experience is not a kind of a phasing trend, which enterprises can adhere to for a while; it is a prominent thing in the digital commerce space. PIM system mainly provides value in this aspect and never dissatisfied customers based on results.

Stay updated with the latest tech-trends and evolving practices in software development with Insights by Credencys

icon-logo

AGILE APPROACH.
EFFICIENT TEAM.
DELIVERING WOW.