Friday, September 22, 2023

[Emily Crandall] Homework #1: Using Generative AI to Create Compelling Content

 Prompt:

Can you please help me write a blog post that is 300 - 400 words on the topic of clienteling (which is efficiently using customer information to create personalized communications and purchasing experiences for customers) in the retail luxury goods business? I would like to use the first article (WWW, What to Watch: Clienteling Is the New Black for Europe’s Luxury Giants) i gave you and specifically these two paragraphs below to set the scene of how important it is

 

Vitry said the most advanced brands employ a one-stock model and create omnichannel client journeys; empower sales associates with sophisticated clienteling apps, and motivate them with new renumeration models.

 

Step number one for brands to excel at clienteling is having the right company culture. Vitry noted that “technology has never been a driver for luxury” and that “creation has been at the center of luxury historically, not clients.”

 

Then I would like to use the second article i gave you (WWD, Sotheby’s, Bucherer Open Multichannel Luxury ‘Salon’ in Zurich) to illustrate that a store that has never opened one before did so with a focused omnichannel interactive approach

 

And then, I would like to use the third article to show how Farfetch Platform Solutions is using their “LUXURY NEW RETAIL: THE NOW & THE FUTURE” to further drive this and bring in the Brown’s example

 

 

Final:

Elevating Luxury Retail: The Power of Digital Clienteling

 

In the world of luxury retail, digital clienteling—efficiently using customer information to create personalized communications and purchasing experiences—has emerged as a transformative strategy. When economic uncertainties loom, clienteling has offered a way to navigate uncertainty while still providing customers with an unmatched personalized shopping experience.

 

The Importance of Clienteling

 

Digital clienteling has transformed the way luxury brands approach customer engagement. Founding partner of Paris-based luxury consultancy MAD, Delphine Vitry, highlighted that the most advanced brands “create omnichannel client journeys; empower sales associates with sophisticated clienteling apps, and motivate them with new remuneration models.” Fostering a culture of personalized service and customer-centricity is crucial and able to come to life via new digital techniques.

 

A Store Reimagined: Sotheby’s and Bucherer in Zurich

 

To illustrate, let's examine Sotheby's, which partnered with Swiss retailer Bucherer to open its first store in Zurich. Sotheby’s and Bucherer's salon is more than just a store; it's an entirely new approach to luxury retail. The store leverages technology to create a connected journey, enabling customers to purchase items directly in-store, participate in auctions, and engage with Sotheby's specialists.  This move exemplifies how luxury brands are embracing omnichannel strategies and focusing on providing an immersive and interactive customer experience.

 

The Future of Luxury Retail: FARFETCH Platform Solutions

 

Looking ahead, FARFETCH Platform Solutions leads the charge with their visionary approach called "Luxury New Retail." This concept envisions a world where technology seamlessly blends the online and offline shopping experiences, creating a truly personalized journey for customers.

 

One prime example of Luxury New Retail is the Browns flagship boutique, which has redefined the luxury shopping experience. The Browns app serves as a gateway to the connected experience, offering customers the ability to explore the full catalog, virtually try on products, book appointments, and more. Sales associates are equipped with dedicated apps that enable them to connect with customers, access inventory information, and facilitate seamless transactions.

 

 

In conclusion, digital clienteling has emerged as a pivotal strategy for luxury brands in today's ever-evolving retail landscape. As seen in the collaboration between Sotheby's and Bucherer and the Luxury New Retail concept, the future of luxury retail is all about creating digitally seamless, personalized, and immersive shopping experiences that bridge the gap between the digital and physical worlds. It's a testament to the transformative power of digital technology and customer-centricity in the world of luxury retail.

 

Citations:

https://wwd.com/business-news/business-features/clienteling-luxury-goods-dior-vuitton-hermes-1235445528/

 

https://wwd.com/business-news/retail/sothebys-bucherer-open-multi-channel-luxury-concept-store-zurich-1235801124/?cx_testId=1&cx_testVariant=cx_1&cx_artPos=2#cxrecs_s


https://www.farfetchplatformsolutions.com/insights/luxury-new-retail-browns

 

Notes:

To get the relevant information that I wanted ChatGPT to include in my blog post, I had to copy and paste the text from the articles I was referencing. ChatGPT does not work with links to articles, and it is not updated past 2021. Once I added the text, ChatGPT gave me a summary in blog post form, but it did not incorporate any other outside information. It would have done this if I had simply asked it to give me a blog post on digital clientling in the luxury retail space.

 

ChatGPT also did not shorten the summary to 400 words, so I had to do that manually. I have found that ChatGPT can often feel very "fluffy" and requires some editing and adjustment to my own voice, as well as updating the content to fit more into the assignment details. I have used ChatGPT and Bard for other written tasks, and the consensus is that additional work needs to be done on the user side by providing context and "training" the AI to generate exactly what you are looking for.

 

As someone who works in marketing, I cannot imagine having this complete any of the strategies that I need to put together. Aside from this not being up to date (specific to ChatGPT), the work it would take to train it would not be worth it. Where I think it is most useful is in a general business sense and could certainly help with copywriting, idea generation, and synthesis of text.

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