Business
Braze Unveils Results of Second Annual Customer Engagement Review
94% of brands rated their customer engagement practices as excellent or good NEW YORK--(BUSINESS WIRE)-- Braze (Nasdaq: BRZE), the comprehensive customer
About this update from Braze, Inc.
[{"type":"text","content":"\n94% of brands rated their customer engagement practices as excellent or good\n\n NEW YORK--(BUSINESS WIRE)--\nBraze (Nasdaq: BRZE), the comprehensive customer engagement platform that powers interactions between consumers and the brands they love, today released its second annual Customer Engagement Review. Combining data from the Braze platform, with the results from a global survey of 1,500+ marketing decision makers across 14 global markets, the report unveils macro trends within customer engagement that emerged in 2021, how customer engagement has evolved over the past year, and opportunities for improvement and growth for 2022.\n\n“The events of the past two years have fundamentally altered the way customers approach brand relationships. The bar for consumer expectations is at an all-time high,” said Bill Magnuson, Cofounder and CEO of Braze. “For brands to rise to the occasion, they must focus on establishing a personal connection through customer engagement, and provide seamless communication across their preferred channels and platforms. Companies that fail to provide coordinated, cross-channel customer engagement strategies risk falling behind on business outcomes and revenue goals.”\n\nThe report also breaks down findings across five different industries—financial services, health and wellness, media and entertainment, QSR and delivery, and retail and ecommerce—as well as regional breakouts for APAC, EMEA and the US. Each industry and regional breakout also features a case study from a leading Braze customer, including Public.com, PureGym, Peacock, The Coffee Club, Mercari, LinkAja, FREE NOW, and BEES.\n\nAlso included is the Braze’s Customer Engagement Index, a framework assessing brands in 12 competencies across two key axes—technology and teams—to put forward a model for best-in-class customer engagement. Each brand is then indexed on these factors and distributed across three maturity stages—Activate, Accelerate, and Ace. The index revealed overall positive momentum from last year, with many companies increasing their maturity and sophistication across all 12 customer engagement competencies.\n\nNotable findings include:\n\nContinued Shift Toward Zero- and First-Party Data\n\nChanges in the data landscape have forced brands to abandon third-party data, and to focus on creating impactful, relevant experiences thro...