![\"\"](\"https:\/\/dreamole.es\/wp-content\/uploads\/2021\/09\/Riva_Revolution_Graph-1024x581.jpeg\")
<\/figure><\/div>\n\n\n\nThe concept of shareholder value capitalism is attributed to several notable economists and embraced as conventional wisdom by Western culture in the mid-1970s. This philosophy placed corporations, their profits, and ultimately shareholder returns at the economic center of the universe. After decades of broad acceptance, it’s starting to fall out of favor. <\/p>\n\n\n\n
Management philosopher Peter Drucker theorized that profits and shareholder value were the direct results of delivering value that served customer needs, not vice versa. Jack Welch, the legendary ex-CEO of GE,
concurred, adding, \u00abon the face of it, shareholder value is the dumbest idea in the world.\u00bb \u00abThere are only two sources of competitive advantage: the ability to learn more about our customers faster than the competition and the ability to turn that learning into action, fast.\u00bb<\/p>\n\n\n\n
By placing customer value at the center of their respective universes, fast-
growing companies worldwide (look no further than Shopify, Amazon, TikTok, or Netflix) demonstrate the potential of customer capitalism. These companies leverage customer data to learn about their customers and turn that knowledge into action faster – the basic recipe for a successful digital
transformation. Knowing that, Salesforce, one of the world’s leading CRM
providers, recently launched its new platform called Salesforce CDP (Customer Data Platform), which aims to bring together all customer data
into a \u00absingle source of truth.\u00bb<\/p>\n\n\n\n
Digital transformation is no easy task, even for progressive corporations.
Customer capitalism represents a sort of Copernican revolution, one that
forces many corporate structures, practices, and software solutions to
complete the 180-degree shift from a shareholder-centric approach to a
customer-centric approach.<\/p>\n\n\n\n
Customer Data Operations: Transforming Hidden Data Into Golden That’s where customer data operations (\u00abdata ops\u00bb) comes in.<\/p>\n\n\n\n Given the fundamentally human nature of corporate communication, \u00abAs far back as 15 years ago, we observed our clients were Riva is at the forefront of a growing movement to provide customer-centric Smart, Secure, Data Integration at Scale <\/strong><\/p>\n\n\n\n \u00abFrom the customer’s perspective, data ops are essentially invisible,\u00bb says Aldo Zanoni. \u00abWhen data integration is working as it should, enterprise team members have a more complete, current picture of each customer. When a customer calls, the corporation can do a much better job of anticipating and addressing their needs. Data ops put the right data into the hands of the right employees to improve the customer experience. It also helps executive leaders to make better decisions because the data is more curated, complete, and can be understood in the context of the customer\u2019s relationship with the enterprise.\u00bb<\/p>\n\n\n\n In the simplest terms, data ops democratize data by eliminating the \u00abOur pass-through technologies free data from the software applications \u00abOnce we’ve abstracted the data, its potential is limited only by imagination,\u00bb says St\u00e9phane. \u00abBut because the data is gathered from customers, corporations need to temper imagination with responsibility.\u201d A New Layer in the Digital Transformation Technology Stack<\/strong><\/p>\n\n\n\n As the move toward customer capitalism has accelerated, corporations have Given this reality, many CRM providers developed simple connectors designed to bridge the gap. Salesforce, for example, has developed its own native application called \u00abSalesforce for Outlook\u00bb which automatically updates Salesforce with customer data captured in Outlook. Nevertheless, all those solutions lacked the sophistication necessary to accomplish \u00abOur CRM partners are very good at what they do \u2013 but they don’t do what we do,\u00bb says St\u00e9phane Zanoni. \u00abWith the growing availability of high-performance customer data ops solutions like our Relationship Engine, CRM providers are sunsetting the solutions they’ve created. At this point, they know that what we do ultimately enhances the value they’re able \u00abIt’s a win for everyone involved,\u00bb says St\u00e9phane. \u00abWe’re able to focus on After decades of tuning systems, cultures, and expectations toward consumer capitalism, customer data operations has emerged as a new layer in the technology stack, designed to accelerate digital transformation for Customer Data Operations Is Accelerating CorporateTransformation As a Salesforce consultant you often need to align and unify technology and business requirements. The following article discusses the evolution from shareholder to consumer capitalism and outlines the power of customer data operations to make all data truly integrated and transparently accessible to better serve customers. The concept… Leer m\u00e1s »Insights for Salesforce Consultants: From Shareholder to Consumer Capitalism, learn how<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":10575,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[32],"tags":[],"class_list":["post-10574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dreamole"],"translation":{"provider":"WPGlobus","version":"3.0.1","language":"es","enabled_languages":["gb","en","es"],"languages":{"gb":{"title":true,"content":true,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false}}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/dreamole.es\/wp-content\/uploads\/2021\/09\/Riva_Revolution_Graph.jpeg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9EMFV-2Ky","_links":{"self":[{"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/posts\/10574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/comments?post=10574"}],"version-history":[{"count":1,"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/posts\/10574\/revisions"}],"predecessor-version":[{"id":10909,"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/posts\/10574\/revisions\/10909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/media\/10575"}],"wp:attachment":[{"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/media?parent=10574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/categories?post=10574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dreamole.es\/es\/wp-json\/wp\/v2\/tags?post=10574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Opportunities<\/strong>
Fortunately, most organizations gather all kinds of customer data that could
be used as a source of competitive advantage \u2013 if only the data were available where and when they need it. Customers leave digital footprints in the applications your employees use most – their calendars and inboxes. In the past, this critical customer relationship data was traditionally stored in ERP or accounting systems. The expectation was that important customer information would make its way into the corporate Customer Relationship
Management System (CRM) such as Salesforce. Unfortunately, customer data often gets trapped in applications and platforms that were not designed to support the initiatives of a customer-centric corporation.<\/p>\n\n\n\n
systems and applications designed during the era of shareholder capitalism
are rich with customer information. However, that information gets trapped in functional or divisional silos and often lacks the nuance and context of the company’s 360-degree view of the customer.<\/p>\n\n\n\n![\"\"](\"https:\/\/dreamole.es\/wp-content\/uploads\/2021\/09\/Riva_Aldo_Zanoni_CEO-1024x576.jpg\")
<\/figure><\/div>\n\n\n\n
becoming increasingly aware that their customer data held a lot more potential than their technology allowed them to access and use,\u00bb says Aldo
Zanoni, co-founder, and CEO of Riva, a leading customer data integration solutions provider based in Edmonton, Alberta. \u00abAs a young software development firm, we were at the right place at the right time. We quickly earned a reputation for building a platform that helped our customers tap the gold hidden in their customer data, data that was trapped by their technology.\u00bb<\/p>\n\n\n\n
data ops. With customer data operations, corporations can now separate
their data from the software where it’s housed. Robust data ops allow
corporations to abstract essential customer data from emails, contacts, and
meeting invitations and place it into the context of conversations,
relationships, and collaborations. After considering data privacy and security compliance requirements, the enriched data can flow back to employees inside the applications they use every day, so they are better prepared to create value for the customer \u2013 during each experience.<\/p>\n\n\n\n![\"\"](\"https:\/\/dreamole.es\/wp-content\/uploads\/2021\/09\/Riva_Engine_V2-1024x652.png\")
<\/figure><\/div>\n\n\n\n
workflows and use constraints imposed upon it by specific applications.
Because the data gathered by corporations is often sensitive or regulated,
unbridled democratization can create enormous security and compliance
risks. As a result, gathering, analyzing, and grooming data to create customer value is only the first step in the process. The next step is to leverage that data by governing access \u2013 and taking steps to ensure the secure and compliant use of privileged customer data.<\/p>\n\n\n\n
where it’s initially gathered and housed,\u00bb says St\u00e9phane Zanoni, Riva co-
founder and Chief Technology Officer. Once the data is abstracted, it is no
longer subject to the technology limitations of the system that collected it.<\/p>\n\n\n\n
Ensuring customer data security is a core responsibility of corporations in the era of consumer capitalism. It is mission-critical in regulated industries like finance, insurance, healthcare, life sciences, and government. Choosing a proven customer data operations partner demonstrates a corporation’s
commitment to keeping customer data safe. It is also a safeguard from
sanctions and reputation damage associated with data misuse or breach.
\u00abClients rely on us to honor the data security promises they make to their
customers \u2013 and to make sure their data use is compliant with current
regulations,\u00bb says St\u00e9phane.<\/p>\n\n\n\n
recognized the growing power of the consumer and the limitations they face with software developed for a shareholder- centric approach to business. CRM and cloud providers moved to fill that gap, but
without access to customer data housed in email, calendar, contacts, and tasks, their customer insights were often untimely and incomplete.<\/p>\n\n\n\n![\"\"](\"https:\/\/dreamole.es\/wp-content\/uploads\/2021\/09\/Riva_Stephane_Zanoni_CTO-576x1024.jpg\")
<\/figure><\/div>\n\n\n\n
meaningful customer data integration at scale.<\/p>\n\n\n\n
to bring to their customers. Now CRM providers are among our strongest referral sources.\u00bb<\/p>\n\n\n\n
improving the security and efficiency of our data operations platform, the
Riva Relationship Engine. CRM providers are able to focus on improving the
power of their solutions. Customers can then enjoy more responsive products and services, and corporations can continue their successful transition to an increasingly customer-centric marketplace.\u00bb <\/p>\n\n\n\n
companies of all sizes. Based on the momentum of this revolution, there’s
never been a better time to be a customer.<\/p>\n","protected":false},"excerpt":{"rendered":"