CRM – Digital IT News https://digitalitnews.com IT news, trends and viewpoints for a digital world Wed, 18 Sep 2024 18:48:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.16 Salesforce Data Cloud Grows with Rising Adoption and Innovations, Delivering Trusted Data to Agentforce https://digitalitnews.com/salesforce-data-cloud-grows-with-rising-adoption-and-innovations-delivering-trusted-data-to-agentforce/ Tue, 17 Sep 2024 18:00:44 +0000 https://digitalitnews.com/?p=12074 Salesforce is gaining significant traction with Data Cloud, the core of the Salesforce Platform and the backbone of Agentforce. This growth is driven by strong business demand for integrated data, enabling more personalized, timely, and contextually relevant customer experiences across Customer 360 applications, Flow, analytics, and Agentforce—Salesforce’s innovative suite of autonomous AI agents. Building on [...]

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Salesforce is gaining significant traction with Data Cloud, the core of the Salesforce Platform and the backbone of Agentforce. This growth is driven by strong business demand for integrated data, enabling more personalized, timely, and contextually relevant customer experiences across Customer 360 applications, Flow, analytics, and Agentforce—Salesforce’s innovative suite of autonomous AI agents.

Building on that momentum, Salesforce introduced several new Data Cloud innovations that advance an organization’s ability to transform the customer experience using data and AI. They include: additions to unstructured data support including native processing of audio and video content — such as webinars and calls — to unlock deeper customer insights; a standardized semantic data model that enables Agentforce Agents and humans to interpret and use data consistently; improved search capabilities that factor in customer context and allow for quicker information discovery; real-time data activations to respond instantly to changing customer needs; and additional data security and governance features to safeguard operations and prevent unnecessary data exposure.

As the fastest-growing organic product in Salesforce’s history with 130% YoY growth in paid customers, Data Cloud has shown impressive scale, processing 2.3 quadrillion records (+147% YoY) in the second quarter alone. Companies like The Adecco Group, Air India, Aston Martin, FedEx, Kawasaki Motors Corp., and Wyndham Hotels & Resorts rely on Data Cloud daily to help strengthen customer relationships, boost productivity, and improve their bottom lines. Air India, in particular, is unifying its data across loyalty, reservations, and flight systems. Now, the airline has a single source of truth to handle more than 550,000 service cases each month.

“In this new era of AI and Agents, customer data and metadata are the new gold for the enterprise,” said Rahul Auradkar, EVP and GM for Data Cloud at Salesforce. “Every day, more companies are using Data Cloud to unify all their data—from customer interactions and product usage to IoT and social media data—to gain deeper customer insights across all touchpoints and channels. Because Data Cloud is the foundation of Salesforce, companies can act on data to create the most personalized and meaningful customer experiences.”

Data Cloud + Customer 360 + Agentforce: Data Cloud surfaces trusted customer data in all Salesforce Customer 360 applications, Agentforce, Flow, and analytics — creating a foundation for personalized customer experiences and real-time analytics, triggering data-driven actions and workflows, and safely driving AI across all Salesforce apps. With its zero-copy technology and MuleSoft connectors, Data Cloud can ingest data from hundreds of diverse data sources, including data lakes and warehouses. Its built-in vector database converts various data formats — PDFs, texts, calls, voicemails, often trapped in 90% of customer data — into readily usable data and harmonizes it with structured data to create comprehensive customer profiles that are stored as metadata in a unified data foundation. Because it’s fully integrated in the Salesforce Platform, this metadata can flow seamlessly into any Salesforce application based on set governance policies. This gives every team a 360-degree view of the customer to power trusted AI and drive automation and analytics across every touchpoint — without compromising data security.

Data Cloud provides the vital customer data that grounds Agentforce, making agents more contextually aware, knowledgeable, and adaptable to customer needs. For example, when a frustrated customer contacts Agentforce Service Agents, Data Cloud’s built-in Retrieval Augmented Generation (RAG) capabilities add real-time insights and context from past emails, support tickets, product photos, voicemails, and any sources as defined by governance policies to help Agentforce better understand the customer perspective. Data Cloud’s hybrid search then identifies the right knowledge article based on customer context to help Agentforce resolve the issue accurately. As customer requests evolve, Data Cloud guides Agentforce with next-best steps, like automating follow-up emails or passing detailed chat summaries to support human representatives. Finally, Tableau Semantics facilitates a seamless transition between AI and employees by ensuring they speak, understand, and operate using the same definitions of data.

New innovations and additions: Data Cloud customers now have access to new capabilities and enhancements that make data accessible and actionable across every Salesforce activation, including:

  • Support for unstructured audio and video content: With 90% of customer data trapped in unstructured formats, businesses and AI can now analyze and extract customer data from previously inaccessible audio and video sources like customer calls, training sessions, product demos, feedback surveys, voicemails, and webinars. This content, now searchable, enriches customer profiles, reveals deeper intent behind customer preferences and behaviors, and improves Agentforce’s accuracy.
    • For example, by analyzing recorded sales calls, a sales team can pinpoint common objections and refine their pitch to address them more effectively, leading to higher conversion rates.
  • Data Cloud connectivity ecosystem expansion: Building on Data Cloud’s promise to be open and extensible, organizations can bring their own data using additional pre-built Data Cloud connectors for apps like Square, Stripe, Meta, Splunk and more, adding to the rapidly growing connector ecosystem that already supports various data lakes, warehouses, and third-party systems. They can also tap into unstructured data from Google Drive, Microsoft SharePoint, Confluence, and Sitemap in Data Cloud using pre-built integrations provided with MuleSoft Direct for Data Cloud. This means data can be pulled in and unified from wherever customers interact, then used to power agentic experiences.
  • Sub-second real-time layer: With 62% of IT leaders noting the need for real-time data to stay competitive, organizations can now ingest, unify, analyze, and act upon data in real-time across Salesforce. This powers Einstein Personalization, now built on Data Cloud, along with real-time AI recommendations, analytics, and automations to enable faster decision-making and instant personalization across customer touchpoints.
    • For example, a support agent assisting a customer with equipment issues can access real-time sensor data, recent maintenance records, and past support tickets directly in Service Cloud. If the equipment’s sensor stops sending data, a triggered alert notifies the agent, allowing them to quickly diagnose the issue and recommend targeted solutions to minimize downtime.
  • Governance and security for trusted data and AI: To safeguard operations, manage governance at scale, and prevent exposure to unauthorized parties while using AI, these new features improve how structured and unstructured data are managed, protected, and securely shared with AI applications and across the platform.
    • AI tagging and classification automate the labeling and organization of unstructured data per business policies. Data becomes consistent, governance is easier to apply, and both AI and users can easily search and analyze the data.
    • Policy-based governance helps achieve access governance at scale by creating granular security policies that grant appropriate access to user groups based on tags, metadata, and user attributes. This simple experience ensures that users, including AI, can only access the data it’s permitted to see across the platform.
    • Customer-managed keys allow organizations to manage their own encryption keys, ensuring data stays encrypted and secure regardless of how it’s used.
    • Private Connect for Data Cloud enables organizations to safely share and integrate their data between Data Cloud and public cloud environments by establishing secure, direct network connections between them. This means data can be safely shared across network boundaries without compromising its integrity.
  • Tableau Semantics: Organizations can organize data based on its meaning and relationships, creating a standardized semantic model that allows anyone to understand, use, and act upon data consistently, regardless of origin.
    • For example, a hospital can standardize data across departments, ensuring that a patient’s test results, X-rays, and doctor’s notes are all linked and understood in the same context regardless of how they are written (abbreviations, typos, synonyms, etc).
  • Hybrid search: Organizations can find the most relevant information in the company’s knowledge base by combining semantic capabilities of vector search with the exact match capabilities of keyword search, which are critical to deal with specific domain terms like product names or acronyms. This makes it faster and easier to find information across any medium, such as PDFs, pictures, audios, and videos.
    • For example, Agentforce can use part numbers found in customer-sent photos to pull up relevant knowledge articles for that product category and help support representatives resolve customer issues faster.
  • Data Cloud One: Organizations can now connect multiple Salesforce orgs that may be siloed across different departments, regions or business units and extend all of Data Cloud’s functionalities across all Salesforce instances using a no-code, point-and-click setup. This allows them to create a single Data Cloud instance as the source of truth, enabling data sharing and actions, like automation, calculated insights, and more across all Salesforce orgs, without creating new Data Clouds for each org.
    • For example, a sales leader looking to enrich sales leads with a 360-degree view of customers no longer needs to have their team write custom code to integrate Data Cloud data across multiple Salesforce orgs. Instead, a single central Data Cloud can now power each org with its features, seamlessly enriching sales profiles across all Salesforce orgs.
  • A new data community: Salesforce also announced its new Datablazer community, an online platform to connect IT and business leaders, developers, and Data Cloud enthusiasts. It provides space to learn, share insights, and stay informed on the latest best practices, trends, and tools to maximize the value of data.

 

The customer perspective:

“Salesforce allows us to fuse together our trusted data from across our business to deliver tailored quality experiences to every current and future Aston Martin customer while creating the personalized, VIP experience they expect, as we look to grow and succeed in the AI era,” said Matthew Randall, Head of Software and Integration, Aston Martin.

“As a professional recruiting, staffing and consulting business, we match talent to the most exciting companies and opportunities around the world. On any given day, we connect 700,000 people with fulfilling opportunities to match their skills. We are redefining the future of work by enabling augmented recruiter experiences thanks to AI, connecting employees to the right data at the right time. Today, Data Cloud gives 27,000 employee users seamless access to key information to match skills to specific roles,” said Caroline Basyn, Chief Digital and IT Officer, The Adecco Group.

“Each and every one of Wyndham’s hundreds of millions of guests wants to be seen and heard on an individual level. Salesforce gives our reservation agents a comprehensive view of the specific guest they’re serving so they can receive a personalized experience based on context about their stay history, loyalty service, and notes from past requests. This is made possible by the suite of products with Salesforce, including Data Cloud, which harmonizes data and unifies guest profiles from our reservation platform. With this data aggregated, agents can now access guests’ booking histories at any franchise property, such as accessible room requests, loyalty status or milestones, personalizing every interaction,” said Scott Strickland, Chief Commercial Officer, Wyndham Hotels & Resorts.

Expected availability: New innovations will be available in pilot, beta or general availability within the below time frames.

  • Now:
    • Customer-managed keys is generally available.
    • Sub-second real-time layer is generally available and can be enabled through sub-second real-time profiles add-on consumption SKU.
    • MuleSoft Direct for Data Cloud will be in beta in late Sept ‘24 and require a MuleSoft Anypoint Platform license to use.
    • A comprehensive list of pre-built connectors generally available and in beta can be found in Data Cloud Connectors Directory.
  • In October ‘24:
    • Support to process unstructured audio and video content, currently in pilot, will be generally available.
    • Data Cloud One will be generally available.
  • In November ‘24:
    • Hybrid search, currently in pilot, will be generally available.
    • AI tagging and classification will be in beta.
    • Policy-based governance will be in beta.
    • Private Connect for Data Cloud will be generally available.
  • In February ‘25:
    • Tableau Semantics, currently in pilot, will be generally available.

To learn more about Salesforce Data Cloud, Customer 360 applications, Flow, analytics, and Agentforce, visit the website here.

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Oracle Announces Fusion Marketing, to Fully Automate Lead Generation and Qualification https://digitalitnews.com/oracle-announces-fusion-marketing-to-fully-automate-lead-generation-and-qualification/ Wed, 22 Sep 2021 01:29:49 +0000 https://digitalitnews.com/?p=4831 To help marketers execute campaigns that generate highly qualified sales opportunities and accelerate deal cycles, Oracle announced Oracle Fusion Marketing. Part of Oracle Advertising and CX, Fusion Marketing enables marketers to easily create campaigns that span traditional marketing and advertising channels, and is the first marketing automation solution that is engineered to bypass the entire lead [...]

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To help marketers execute campaigns that generate highly qualified sales opportunities and accelerate deal cycles, Oracle announced Oracle Fusion Marketing. Part of Oracle Advertising and CX, Fusion Marketing enables marketers to easily create campaigns that span traditional marketing and advertising channels, and is the first marketing automation solution that is engineered to bypass the entire lead qualification and conversion process. Fusion Marketing uses artificial intelligence (AI) to automatically score leads at the account level, predict when consumers are ready to talk to a salesperson, and generate a qualified sales opportunity in any CRM system.

CRM has become the system that both sellers and marketers love to hate, due to disconnected workflows, too much manual administration, and siloed data often preventing sales and marketing teams from working with each other to engage customers and drive revenue. Because of this, the experience for most salespeople is that their CRM system doesn’t help them sell—and this disconnect between sales and marketing teams is a growing challenge as the B2B buying process becomes more complex. Customers and prospects are now interacting with organizations across an increasingly broad range of digital channels, buyer expectations are growing, and the need to access information at any time means much of the purchasing decision is now made before a salesperson is engaged.

“It is time for our industry to think differently about marketing and sales automation so that we can transform CRM into a system that actually works for both the marketer and the salesperson,” said Rob Tarkoff, executive vice president and general manager, Oracle Advertising and Customer Experience. “This is not about forecasts and rollups or a reporting tool to see how the sales force is performing, but instead about turning CRM into a system that helps sellers sell. A huge part of that change is bringing marketing and sales teams together and eliminating the low-value, time consuming tasks that distract from building customer relationships and closing deals. That’s why we have invested so much time engineering a system that will help marketers fully automate lead generation and qualification and get highly qualified leads to the sales team faster.”

Fusion Marketing simplifies and accelerates the creation and execution of marketing campaigns by automating the end-to-end process of lead generation and qualification. With Fusion Marketing, any marketer can easily build and run campaigns with consistent messages across advertising and email channels, all in a matter of minutes. This helps marketers improve the performance of campaigns by increasing the output of highly qualified sales opportunities.

Fusion Marketing guides the marketer through the entire campaign creation and execution process, including:

Fusion Marketing - Activities
  • Building a Target Audience of Known Contacts: Marketers can select a product or service that is the focus of the campaign, and then select a list of known contacts from any CRM system.
  • Expanding Your Audience: From that audience, Fusion Marketing will automatically generate a highly targeted audience profile for use in online advertising to target people who are potentially relevant to your campaign—but unknown to your contact database.
  • Identifying the Best Customer References: Based on the focus of the campaign and specific industry of each customer, Fusion Marketing recommends the best reference stories to promote in the campaign.
  • Simplifying Campaign Configuration: Fusion Marketing provides a single user interface to assign all of the campaign assets required to run your campaign across email, website landing pages, and advertising channels. Previously, companies had to rely on multiple systems to do this.
  • Launching the Campaign: The marketer can easily set up advertising budget, start, and end dates and launch their campaign.
  • Monitoring Results: A prebuilt dashboard that provides marketers with real time visibility into campaign performance.

After campaigns have launched, Fusion Marketing automates the generation and qualification of leads:

  • Personalized Campaign Microsites: Emails and ads take people to an automatically generated “microsite” landing page for each campaign, which includes customer references personalized to match the industry and interest of the customer.
  • AI-powered Lead Qualification: Fusion Marketing monitors engagement across all campaign channels including emails, online ads, and microsite visits. Because interest at the company level is what matters, Fusion Marketing will qualify account level interest by aggregating engagement from people at the same company. This AI algorithm automatically generates qualified opportunities for salespeople when it detects sufficient engagement.
  • Deliver Qualified Opportunities to Any CRM System: When identified, qualified opportunities are delivered to any CRM system.

“Customer experience is so critical to customer acquisition and lifetime value that sellers can no longer afford to optimize customer touchpoints independently. The new challenge is to provide seamless continuity across the entire front office, which requires an infrastructure based on connected clouds,” said Gerry Murray, research director, IDC. “Fusion Marketing builds on Oracle’s engineering history and is a good fit for those looking for a suite of pre-integrated experience capabilities that sits on top of a complete cloud stack.”

“I see it every day: customers are looking for business solutions that drive true value and let human beings do what they do best,” said Samia Tarraf, North American Oracle Business Group Lead, Accenture. “With Fusion Marketing, Oracle has put their focus squarely on the customer, allowing marketers and sellers to quickly generate highly-qualified sales opportunities and close more deals. We have partnered with Oracle for over 30 years, bringing unparalleled innovation, industry and technology acumen to our joint clients, enabling them to sustain and grow in uncertain times. We continue the tradition and look forward to creating bold, unique market-leading opportunities across the enterprise.”

Part of Oracle Fusion Cloud Applications Suite, Oracle Advertising and CX connects data across advertising, marketing, sales, and service to make every customer interaction matter. Going beyond traditional CRM, Oracle Advertising and CX helps business leaders create, manage, serve, and nurture lasting customer relationships.

Fusion Marketing is available in limited release. For more information visit: https://www.oracle.com/cx/marketing/crm-fusion-marketing/

Image licensed by pexels.com

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