Everything You Need to Know About Customer Data Platform A customer data platform is a technology that enables companies to collect customer data from various systems, data streams, or channels to create an integrated profile of the customer. These technologies generally comprise customer automation and database, along with resources for the management of real-time customer interactions, connected data, and multichannel campaigns. A customer data platform incorporates all of that data in real-time for businesses, enabling them to provide advanced-personalized experiences for consumers. Customer data platforms are beneficial as a central database for data at the user level. They combine databases that conventionally don’t share data, such as service software, e-commerce engines, and marketing platforms. This enables businesses to easily access the insights they required to connect with customers. Capabilities of Customer Data Platform The major capabilities customer data platform comprises are: • Integrate data of customers from external and internal sources in various formats, such as unstructured and structured data, to generate a single profile for every consumer. • Combines customer data in a central location so it can be easily accessed by the sales, marketing, finance, and customer support teams. • Provides tools for operations and data management, as well as additional features, for instance, reporting and analytics. • Can utilize machine learning and artificial intelligence in its set of features. Additionally, customer data platforms are majorly used by businesses for the campaign as they can gather customer information from numerous sources, allowing segmentation of customers based on several parameters, and offering real-time understandings for targeted marketing. Read More: https://www.psmarketresearch.com/market-analysis/customer-data-platform-market