[{"@context":"http:\/\/schema.org","@type":"Article","@id":"https:\/\/www.the-future-of-commerce.com\/2017\/11\/05\/sap-hybris-gigya-acquisition\/#Article","articleBody":"Recent research turned up some interesting results: The number-one reason consumers abandon a brand is not because of poor customer service, but because their data was used without their knowledge. It\u2019s an eye-opening statistic. People are aware their data has value, and have a strong desire to safeguard that value via customer consent and brand transparency.\nCompanies who move quickly to provide customer consent with privacy, transparency, and a consent-based data usage model will win the loyalty of their customers.\nIt\u2019s with this in mind that we announced\u00a0SAP Hybris\u2019 intent to acquire Gigya, the market leader in customer identity and access management.\u00a0With the completion of the acquisition on November 1st, we have taken a vital step to becoming the first organization to offer a new breed of solution designed around consumer choice and regulations.\nOur goal is to deliver a cloud-based data platform that will enable businesses to build rich customer profiles from disparate sources in a way that respects consumer choices and regulations regarding data collection and usage, including the European Union\u2019s upcoming General Data Protection Regulation (GDPR).\n \nTrust matters: Benefits of a customer data cloud you may not have considered\n   The benefits of a customer data cloud are many, including managing digital identities, tracking consent, authentication, and authorization.  \nCustomer data platforms will be required to be competitive in the digital future\nI recently outlined the strength of SAP Hybris in the front office, and the power of SAP in the back office.\nCombine that with Gigya\u2019s lead position in customer consent and identity management, and I believe we are looking at a real opportunity to offer something no one else can \u2013 a next-generation customer data platform.\nIDC analysts Henry Morris and Gerry Murray shared their perspective on our plans in a recent research note, highlighting the \u201cperfect timing\u201d for improved privacy, identity and consent services, saying the acquisition is a \u201ctremendous strategic move for SAP Hybris.\u201d Obviously, I couldn\u2019t agree more.\n \nIs it easy for consumers to buy from you? How customer identity management can help\n   Customer identity management matters because requiring customers to log in each time they visit an e-commerce site or interact with your brand can erode CX, reduce conversions, and push customers toward competitors with easier authentication processes.  \nBut there\u2019s something else that I appreciate about working together with the Gigya team and it\u2019s this: We share a common culture. SAP Hybris was a start-up back in the day and the entrepreneurial spirit we share with Gigya is one that drives our ambition to continually disrupt through innovation. I am convinced we can disrupt once again on a bigger scale with the Gigya team.\nWe are mega excited to team with the Gigya team to accelerate our efforts in three fundamental dimensions of identity, consent, and profile. This trio will provide the fuel (in the form of context) for the interactions and business processes carried out using the rest of our solution portfolio, as well as with technology from other vendors up and down the customer engagement stack.\nAnd when interactions happen in context, magic moments are created\u2014moments which are truly personalized for customers, rewarding for employees, and that add value to the business.\nGame on!\n\u2714\ufe0f Holistic digital strategy \u2714\ufe0f\u00a0Address data privacy regulations \u2714\ufe0f Build trust with customers  We\u2019ve got it all HERE.","author":{"@type":"Person","@id":"https:\/\/www.the-future-of-commerce.com\/2017\/11\/05\/sap-hybris-gigya-acquisition\/#Article_Person","image":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/2017\/11\/05\/sap-hybris-gigya-acquisition\/#Article_Person_ImageObject","url":"https:\/\/23x6xj3o92m9361dbu2ij362-wpengine.netdna-ssl.com\/wp-content\/uploads\/2017\/10\/carsten_thoma-150x150.png"},"name":"Carsten Thoma","sameAs":"https:\/\/www.linkedin.com\/in\/carstenthoma\/","url":"https:\/\/www.the-future-of-commerce.com\/contributor\/carsten-thoma\/"},"dateModified":"2021-04-26T05:32:35+00:00","datePublished":"2017-11-06T03:00:00+00:00","description":"Customer consent and data collection are vital to consumers. SAP Hybris has acquired Gigya, a leader in customer identity + access management.","headline":"Customer consent and transparency: The new frontier of customer data","image":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/2017\/11\/05\/sap-hybris-gigya-acquisition\/#Article_ImageObject","height":"630","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2017\/11\/thumbnail-daa5fea1c04241d482471d7b676a9ee0-1200x630.jpeg","width":"1200"},"mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2017\/11\/05\/sap-hybris-gigya-acquisition\/","name":"Customer consent and transparency: The new frontier of customer data","publisher":{"@type":"Organization","@id":"https:\/\/www.the-future-of-commerce.com\/","additionalType":"https:\/\/www.wikidata.org\/wiki\/Q1193236","description":"Relevant, timely information & analysis on commerce trends, both consumer-facing and B2B.","logo":{"@type":"ImageObject","@id":"https:\/\/23x6xj3o92m9361dbu2ij362-wpengine.netdna-ssl.com\/wp-content\/themes\/hybris_foc\/assets\/images\/layout\/logo-new-2x.png?_=1","height":"96","url":"https:\/\/23x6xj3o92m9361dbu2ij362-wpengine.netdna-ssl.com\/wp-content\/themes\/hybris_foc\/assets\/images\/layout\/logo-new-2x.png?_=1","width":"500"},"name":"The Future of Customer Engagement and Experience","sameAs":["https:\/\/podcasts.apple.com\/us\/podcast\/a-call-for-a-better-experience\/id1479742201","https:\/\/twitter.com\/FutureOfCEC","https:\/\/www.linkedin.com\/groups\/4844282","https:\/\/www.the-future-of-commerce.com\/feed\/"],"url":"https:\/\/www.the-future-of-commerce.com\/"},"url":"https:\/\/www.the-future-of-commerce.com\/2017\/11\/05\/sap-hybris-gigya-acquisition\/#Article"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2017","item":"https:\/\/www.the-future-of-commerce.com\/2017\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"11","item":"https:\/\/www.the-future-of-commerce.com\/2017\/\/11\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"05","item":"https:\/\/www.the-future-of-commerce.com\/2017\/\/11\/\/05\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"Customer consent and transparency: The new frontier of customer data","item":"https:\/\/www.the-future-of-commerce.com\/2017\/11\/05\/sap-hybris-gigya-acquisition\/#breadcrumbitem"}]}]