{"id":2893,"date":"2012-04-06T07:00:14","date_gmt":"2012-04-06T15:00:14","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=2893"},"modified":"2012-04-06T07:00:14","modified_gmt":"2012-04-06T15:00:14","slug":"collaboration-businesses-struggle-to-build-a-consolidated-view-of-their-customers","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/collaboration-businesses-struggle-to-build-a-consolidated-view-of-their-customers\/","title":{"rendered":"Collaboration: Businesses Struggle to Build a Consolidated View of their Customers"},"content":{"rendered":"<p>Goal number one at a majority of companies is \u00a0to increase revenues. \u00a0And many believe that the best way to grow revenues is to focus on the needs of existing and potential customers. \u00a0But a <a title=\"Survey by Coveo on Collaboration\" href=\"http:\/\/www.coveo.com\/en\/news-and-events\/coveo-news\/2012\/Executives-Report-Customer-Centricity-Would-Increase-Revenues\" target=\"_blank\">survey by Coveo<\/a>, conducted by Forrester, found that while many businesses try to adopt strategies that focus on customer needs, <a title=\"Coveo report on collaboration\" href=\"http:\/\/blog.coveo.com\/executives-report-customer-centricity-drives-revenue-yet-major-barriers-stand-in-the-way\/\" target=\"_blank\">their efforts are often stymied <\/a>because customer data doesn&#8217;t flow uniformly across the business. \u00a0Sales and marketing, customer service, and engineering aren&#8217;t always working off of the same data about their customer. \u00a0And that&#8217;s a problem.<\/p>\n<p>63 percent of companies think that the best way to increase revenues is to focus on their customer<\/p>\n<p>69 percent of companies say that problems with collaboration and information sharing within their organization is what&#8217;s blocking them from understanding and responding to their customers. \u00a0Interestingly, many of these businesses have attempted to solve the problem by adopting social media tools and collaboration platforms.<\/p>\n<p>42 percent of companies say that less than a quarter of information available about a customer is available consistently through all groups within the company<\/p>\n<p>65 percent of customer support groups within companies do not combine the information they glean from social media about their customers with data about those same customers that&#8217;s available through in their enterprise applications<\/p>\n<div id=\"_mcePaste\"><a title=\"Kate Leggett bio\" href=\"http:\/\/www.linkedin.com\/pub\/kate-leggett\/0\/417\/432\" target=\"_blank\">Kate Leggett<\/a>, senior analyst at Forrester Research, said that &#8220;Although 78 percent of customer intelligence professionals understand the value of social media data, far fewer are able to transform it into customer insight that drives better company strategy.&#8221;<\/div>\n<div class=\"lightsocial_container\"><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" 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