CMR    CRM vs. CMR


In the market today, many types of CRM software are available that promise automation of the sales process. CRM tools support businesses in customizing products and enhance sales--but in the long run.

The biggest difference between traditional CRM tools and CMR is that in case of CRM market segmentation strategies are implemented in the longer run, but with a CMR approach complete product differentiation is made available at the touchpoint.

Key Differences between CRM and CMR:

CRM CMR
Data analysis is a back-end, relatively ‘isolated’ process. Data analysis is a real-time, front-end integrated process.
Data analytics are not predictive. Data analytics are more predictive.
CRM is not integrated to the front-end customer facing touchpoint, so the customer does not receive immediate benefits of customized products. CMR works at the device level at the delivery touchpoint, and the customer receives customized services and features.
Data quality directly affects quality of data mining. Data mining applications may not be able to make sense of the data leading to a need to ‘clean’ or reconstruct data for data mining applications. CMR is based on data captured at the touch-point using pre-configured data templates and does not require further treatment.
CRM data analysis is about a group of customers but it is harder to relate it to a particular customer. CMR enabled solutions 'remember' an individual customer and dynamically configures services or provide alerts at the touchpoint.
Costs of CRM are very high. Over and above license costs are networking, training, implementation, data integration costs, which can be upto 4 times the license costs. Infonox solutions help businesses to implement CMR based solutions.
  What is CMR?
  CRM vs. CMR
  Business Goals
  The Commodity Magnet
  CMR for Banking
  CMR for Gaming
  CMR for Retail
 
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