Magazine article CRM Magazine

Some Big Numbers for Small Businesses to Embrace in 2018: While Forming Your New Year's Resolutions, Keep These Eye-Popping Stats in Mind

Magazine article CRM Magazine

Some Big Numbers for Small Businesses to Embrace in 2018: While Forming Your New Year's Resolutions, Keep These Eye-Popping Stats in Mind

Article excerpt

THE START of a new year means it is time for resolutions, and not just vows to lose weight or exercise more. With business and technology changing so rapidly, your company needs to be in perpetual resolution mode. Here are a few numbers to help focus your efforts for 2018.

SALESFORCE'S EINSTEIN MAKES 475 MILLION PREDICTIONS DAILY.

We all know that artificial intelligence (AI) has been one of the most talked about technologies over the past 12 to 18 months. In many ways, it felt like it was precisely that: talk. But during Marc Benioff's keynote at Salesforce's Dreamforce event in November, a stat on one of his slides totally jumped out at me: Every day, Einstein, Salesforce's AI technology, makes 475 million predictions across all its clouds.

To me that number is astounding. Einstein was announced just a little over a year ago, and now it's spitting out predictions like crazy. And that's just from one vendor with 150,000 customers. With all major CRM vendors having AI initiatives now, probably more than a billion predictions are being generated per day to help companies improve customer interactions. And it's still early, so now's the time to see how you can leverage one of these platforms to more efficiently and effectively engage customers and prospects.

IN 2017, 330 MILLION PEOPLE CONNECTED WITH A SMALL BUSINESS ON MESSENGER FOR THE FIRST TIME

This number comes from a survey Facebook commissioned toward the end of 2017, and it indicates that people are quickly transferring their comfort level with Messenger for talking with friends and family to interacting with companies. According to Linda Lee, a member of Facebook's Strategic Partnerships team for Messenger, "Some of it is around [asking] questions [about] specific services or products where they need more details or specifications. Then it's also about dealing with customer care issues--perhaps they've already bought a product or a service and have a question, or an issue's come up."

When you see a number like 330 million people, you have to take notice--and you have to expect the trend to accelerate in 2018.

TWO HUNDRED MILLION INSTAGRAMMERS VISIT AT LEAST ONE BUSINESS PROFILE EACH DAY.

According to a release sent out by Instagram at the end of November, 80 percent of accounts on the platform follow a business, and 200 million Instagrammers visit the profile of a business every day. …

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