Program Details

Customer Economics: Deeper Insights. Greater Value

Humanizing + Analyzing Relationships to Drive Revenue, Retention and Returns

Sponsors and Partners:

Sponsors and Partners:

Overview

The CMO Council, in partnership with Hux by Deloitte Digital, is undertaking research into the forces shaping the “Customer Economics” imperative. The program will audit and assess the degree to which marketers view and value the concept of “Customer Economics” as a way to have a richer understanding of the customer.

Specifically, the CMO Council will look at digital marketing’s impact on long-term customer value creation. Research will cover important requirements, such as humanizing connections and understanding emotive drivers, frictionless eCommerce and responsive aftermarket support, and unifying data for a 360-degree customer view.

The goal is to shine a light on marketing’s need to rethink and re-evaluate customer engagement strategies, marketing processes and customer data utilization capabilities from lead to loyalty.

background

"Customer Economics” is an urgent area of strategic focus and attention for savvy marketers faced with global turbulence that has created severe consumer anxiety, behavioral change, spend reduction and lifestyle upheaval. Now, more than ever, it is essential to analyze the costs, value and returns associated with acquiring critical customer constituencies.

Much of the “Customer Economics” discussion boils down to cost-effective actions for mining data-driven customer insights, driving initiatives that convert customers, and executing on requirements for creating long-term customer relationships.

Research Focus

Topics to be addressed and explored include:

  • Ownership of strategic growth and profitability and needing to leverage customer lifetime value to drive decision-making
  • Measurement and tracking of customer lifetime value (i.e., customer acquisition cost, potential value and return, profitability)
  • Segmentation and targeting of customer sets with the potential for long-term value
  • New approaches to evidencing customer value and long-term customer relationships
  • Customer data insights to better qualify and maximize the potential value of customers
  • Effectiveness of customer acquisition, conversion, revenue optimization and retention programs
  • Best practice approaches to reducing customer attrition, churn and competitive defection
  • Techniques to identify, acquire and retain the most profitable customers

Research: Survey & Reports

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Curated Facts & Stats

Why do strong engagement numbers still leave CMOs feeling uneasy? Because platform metrics measure attention, not memory — and a brand can generate high interaction while remaining completely replaceable in the buyer's mind.

Source: CMS Wire

Organizations with mature governance frameworks are even more likely to roll back customer-facing AI agents, a Sinch survey found.

Source: Customer Experience Dive

Organizations with mature governance frameworks are even more likely to roll back customer-facing AI agents, a Sinch survey found.

Source: Customer Experience Dive

Emerging technologies – particularly AI and agentic AI – are accelerating the evolution of customer expectations. What customers expect is no longer linear or predictable; it changes by context, moment, and intent. As a result, customer experience (CX) has evolved from a strategic priority into a primary driver of growth.

Source: Cagemini

With 84% of consumers searching online for local businesses daily, the challenge for app marketers, growth leads, and CMOs is precision. That’s exactly why you need hyperlocal marketing.

Source: Clevertap

Harley Finkelstein, CEO of Shopify, has confirmed that his company is collaborating with AI giants for a future where consumers may shop across their search applications.

Source: CX Today

AWS has partnered with NICE to close the gap between the contact center and the broader enterprise. The collaboration does this by first making CXone Mpower – NICE’s flagship CCaaS product – available on the AWS Marketplace.

Source: CX Today

The updated Ikea rewards program is designed to let customers earn points throughout their entire customer journey, not just after making a purchase.

Source: Customer Experience Dive

2025 is the Prove-It Year for CX. Learn the four ways brands will demonstrate their CX leadership.

Source: CSGI

The increasing prevalence of AI-generated information is likely to drive a significant change in how consumers seek out information. Traditional search engines like Google may see a decline in user traffic as consumers pivot more and more toward embracing AI tools such as ChatGPT to answer their questions. This shift signifies a growing trust in artificial intelligence to curate and deliver relevant content.

Source: WSI World
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