To recognize and maximize the lifetime value of their customers, CXOs need to have an excellent “peripheral vision.” They need to be able to see the entire customer lifecycle at a glance so that they can develop a clear road map and a long-term strategic plan. But the big-picture insights that CXOs depend on to drive actions are too often buried in functional silos across the organisation.
On the other hand, we’ve seen most data-driven, customer centric organisations perennially tracking the customer and invest in areas where the customer is “likely to go” rather than limiting themselves to areas where the customer is “right now.”