Gartner Sights Tech Disruptions Impacting Sales
October 10, 2022
Generative
AI, Machine Customers and AR/VR are Expected to Transform Sales in the
Next Five Years
Sales leaders need to recognize, prioritize and respond to seven
technology disruptions that will transform sales over the next five
years, according to Gartner, Inc. They include: generative artificial
intelligence (AI), digital twin of the customer, augmented
reality/virtual reality (AR/VR), machine customers, digital humans,
emotion AI and multimodality.
“Technology is taking on an even more central role in the sales process,
and chief sales officers (CSOs) need to get ahead of a series of
innovations that will significantly disrupt sales strategy, engagement,
pricing and enablement,” said Noah Elkin, VP Team Manager in the Gartner
Sales practice.
“For example, businesses are already seeing the impact of AI in many of
the technology solutions they use, but generative AI in particular will
be a breakthrough that will help scale sales content and engagement. AR
and VR will likewise emerge as a key sales mechanism, and the advent of
machine customers is expected to create an entirely new target market
for sales organizations.”
Elkin outlined the seven key disruptions that executives need to prepare
for in the next five years:
Machine Customers
Machine customers are non-human economic actors that obtain goods or
services in exchange for payment. For many organizations, the idea of
selling to machine customers is not yet a reality, but now is the time
to start planning for the eventuality. Sales leaders should begin
developing sales forces that can effectively navigate the challenges of
human, machine and hybrid selling environments.
Gartner research shows CEOs and CIOs believe one-fifth of their total
revenue could come from machine customers by 2030.
“When machine customers become a more tangible part of the buyer mix,
sales organizations will need to plan for ensuing enablement issues,
such as managing an increasing volume and velocity of customer data and
preparing both human and digital sellers to sell to machines,” said
Elkin.
Generative AI
Generative AI learns from existing content artifacts to generate new,
realistic artifacts that reflect the characteristics of the training
data, but do not repeat it. Generative AI can produce a variety of novel
content such as images, video, music, speech, text, software code and
product designs. By 2025, 30% of outbound messages from large
organizations will be synthetically generated.
“Generative AI means sales teams will never have to beg for content
again,” said Elkin.
Digital Twin of the Customer
The digital twin of the customer is a dynamic virtual representation of
a customer. It ingests data from personas and runs tests for sales
messaging, sales processes and marketing campaigns to predict what does
and doesn’t work for that customer. The market for digital twin enabling
software and services is expected to reach $150 billion worldwide by
2030, up from $9 billion in 2022.
AR/VR
By 2025, 80% of B2B sales interactions between suppliers and buyers will
occur in digital channels, which means sales organizations need to
actively look for new ways to engage with customers. The AR/VR
experience, in particular, will be integral as the metaverse ramps up,
and B2B buying and selling becomes almost exclusively digital. In the
next five years, AR/VR could be a critical sales channel to use in sales
meetings, product demonstrations and sales training.
Digital Humans
Digital
humans are interactive, AI-driven representations that exhibit some of
the characteristics, personality, knowledge, and mindset of a human. By
2026, half of B2B buyers will interact with a digital human in a buying
cycle. Digital humans will take on tasks that humans don’t want to do,
such as handling lead nurturing, old opportunities or leads that went
nowhere.
“The digital human economy is going to revolutionize the composition of
traditional sales teams and grow to become a market worth hundreds of
billions of dollars,” said Elkin.
Emotion AI
Emotion AI technology can help by disrupting sellers’ empathic ability
and alter buyer engagement. It’s a system that analyzes, processes, and
responds to user emotion.
By 2024, AI identification of emotions will influence roughly half of
the online ads buyers see. It will be able to read faces and emails, and
determine which ads are going to work on a given buyer.
Multimodality
Multimodality means that there will be multiple modes for sellers to log
activities, helping sales leaders to address data challenges. By 2025,
70% of all B2B seller-buyer interactions will be recorded to extract
competitive, deal and market insights using AI, machine learning (ML)
and natural language processing (NLP). |