Data, in business, can do wonders, if you know exactly how to utilize it properly. Having data about your customers and by using it accordingly in your marketing strategy, you can transform your business completely in a very short period. It can help you turn your target audience into your loyal customers. And, no matter how much of it you use, it can be restored almost immediately. It is to be noted that creating an effective marketing strategy without data would not be possible. This is particularly evident in the B2B domain, where customer understanding assumes a significant part in marketing, sales, and customer service. However, only about 4% of companies effectively use the data in modeling business strategies. This is extremely low given that the data has proven to have a positive impact on business results, including:
- Productivity gains
- Higher Return on Assets (ROA)
- Higher Return on Equity (ROE)
- Higher Return on Invested Capital (ROIC)
If you're having trouble using the data yourself, this guide is absolutely for you. In this guide, we will walk you through a couple of steps as to how to get data and use it in devising an effective business strategy. So, without wasting any time, let us get started:
Collect and Store Data
The creation of a data-driven business strategy starts with the collection and storing of data. There are varieties of sources that you can utilize to collect useful data about your customers, for example, from your customer’s purchase history, email correspondence with customers, contact lists, and so on. However, manual collection and storage of data in spreadsheets can be a tedious task, which can be eased with the help of Trackyu. It is field force automation software that records not only the activity of your sales team but also your customers.
Create Personalized Advertisement
Personalization is the preeminent point to ponder when trying to use customer data. Personalized ad content has a greater conversion rate as compared to conventional ads that no one likes.
Monitor, Test and Optimize
To stay on the safer side, you must constantly monitor, test, and optimize your business strategy. It is not necessary that your target audience will have the same preference all the time.
About the Author:
Trackyu is a sales employee tracking application that empowers efficient control of the sales team and business executives working on the field. All kind of business that is involved in field operations, such as distributors, couriers, and travel service providers, etc. can profit a lot from this cloud-based application.
The global field force automation market is expected to grow from USD 1.2 billion in 2019 to USD 2.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period.
Factors that drive the market growth of field force automation software market are rising demand for robust solutions for maximizing the efficiency of field forces in real-time and growing adoption of cloud-based enterprise mobility solutions.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42417459The field force automation software market comprises significant solution providers, such as ServiceMax (US), IFS (Sweden), Microsoft (US), SAP (Germany), Oracle (US), Trimble (US), ClickSoftware (US), Salesforce (US), Astea (US), FieldEZ (India), BT, Accruent (US), Acumatica (US), Folio3 (US), LeadSquared (India), Kloudq (India), Appobile Labs (India), Mize (US), Nimap Infotech (India), and Channelplay (India).
The study includes an in-depth competitive analysis of these key players in the field force automation Software market with their company profiles, recent developments, and key market strategies.
New product launches and enhancements; and partnerships, acquisitions, and collaborations, have been the most dominating strategies adopted by the major players from 2017 to 2019, which helped them strengthen their offerings and broaden their customer base.Many companies in North America are adopting field force automation to integrate it with their existing IT infrastructure and improve their field operations and field crew productivity.
These players have their headquarters, direct sales offices, and a large number of channel partners in the region to cater North American companies., which has further added to the high adoption of field force automation solutions in North America.ServiceMax (US) is among the leaders in the field force automation software market with a prominent geographic presence.
It has adopted various organic and inorganic growth strategies and continues to enhance its expertise in field force automation through technology acquisitions, collaborations, and partnerships.
Field force automation is the integration of software that enhances business productivity by automating many business processes.
Field force automation is targeted at decreasing the burden on human sales representatives and managers or business owner, and increasing productivity and profit.
Field force automation apps help organizations reduce their average call response time by reducing the number of calls handled during normal business hours and increasing the average number of sales per day.
The reduction in call handling time can be significant in organizations, where each representative spends up to an hour on calls discussing work-related things.Field force automation app also improves customer service by removing or minimizing the human error that is a major cause of missed opportunities while recording new leads and generating qualified leads at higher levels.
Field force automation apps provides valuable analytical data that enables the organization to identify potential representatives, measure appropriate marketing cost, and track results over time.Another way that Field force automation apps helps improve performance is through improved pipeline management.
Because of this, there is room for improvement in the utilization of pipeline capacity and potential revenue.
Global Field Force Automation Market Research Report: By Component (Solution, Services), By Deployment (On-Premise, Cloud), By Organization Size (SME, Large Enterprise), Industry Vertical (IT and Telecommunication, Manufacturing, Healthcare, Transportation and Logistics, Energy & Utilities, Others), By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Forecast till 2025OverviewGlobal Field Force Automation Market is expected to reach USD 3.05 Billion by 2025, registering a CAGR of 15.2% during the forecast period 2019–2025.
In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.Growing demand to maximize the efficiency of field forces and the growing adoption of cloud-based solutions is driving the global field force automation market.
The operation of the workforce in widespread areas creates a number of challenges for enterprises in relation to workforce execution, data management, and communication.
For instance, field service management focuses exclusively on scheduling and dispatching, working with drivers route to customer locations, and documenting specific customer needs on-site.The field force automation market is fragmented with a number of large and mid-size players offering solutions to the end-user.
These providers spend a significant amount in research and development in order to understand user requirements so that they can develop and update features in their software solution.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8686Segmental AnalysisThe Global Field Force Automation Market has been segmented on the basis of Component, Deployment Organization Size, Vertical, and Region.Based on component, the field force automation market has been segmented into solution and service.
The service segment is expected to grow at the higher CAGR during the forecast period.Based on deployment, the market has been segmented into cloud-based and on-premise.
October 31, 2018: This report focuses on the global Sales Force Automation Software status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Sales Force Automation Software development in United States, Europe and China.In 2017, the global Sales Force Automation Software market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.The key players covered in this studyZoho CRMProfile AnalysisPipedriveQSOFTDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-sales-force-automation-software-market-size-status-and-forecast-2018-2025/request-sample MicrosoftNimbleProsperWorksSugarCRMcomElasticQuickBaseIf No ReplyClearSlideeSpatial SolutionsCirruspathRead Complete Report with TOC @ https://www.radiantinsights.com/research/global-sales-force-automation-software-market-size-status-and-forecast-2018-2025 SalesBoomSalesJunctionMagna ComputerDatanyzeGoldhawkcomCNET Content SolutionsMarket segment by Type, the product can be split intoCloud basedOn premiseMarket segment by Application, split intoLarge EnterpriseSMBMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Sales Force Automation Software status, future forecast, growth opportunity, key market and key players.To present the Sales Force Automation Software development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Sales Force Automation Software are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.
We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.For More Information, Visit Radiant Insights Contact:Michelle ThorasCorporate Sales Specialist, USARadiant Insights, IncPhone: 1-415-349-0054Toll Free: 1-888-202-9519Email: [email protected] Blog URL: http://ictmarketforecasts.wordpress.com
