5 Key Trends in Product Experience Management

Miriam Molino Sánchez | November 20, 2024 | 5 minute read

See how you can turn trusted data into a competitive advantage

Get in touch

5 Key Trends in Product Experience Management

Master Data Management Blog by Stibo Systems logo
| 5 minute read
November 20 2024
5 Key Trends in Product Experience Management
7:53

As consumers’ expectations become more and more demanding, Product Experience Management (PXM) becomes critical to meet their evolving needs.

From using your products to partaking in your services, every interaction your customers have with your brand is impacted by the way you manage your product information.

The challenge is managing your product data across all touchpoints to accurately reflect your customers’ buying journey, allowing you to create these personalized product experiences.

 

What is Product Experience Management (PXM)? 

Product Experience Management or PXM refers to the comprehensive strategy businesses use for centralizing, managing and optimizing product data across various channels, markets, customer segments and contexts.

Why Does PXM Matter?

In an increasingly competitive world where consumers demand transparency, personalization and consistent product experiences across all channels, PXM helps you turn complex product data into a strategic advantage.

The goal of PXM is to ensure that the right product information is available at the right time in the right format to drive effective compelling customer experiences — which can boost your company’s overall productivity.

From e-commerce platforms and online shopping to in-store experiences, PXM helps centralize your context-rich product data.

This makes it easy for your brand to stay agile, accelerate time-to-market and ultimately build stronger, more trusting customer relationships. Importantly, it also allows your company to remain transparent on key issues like sustainability and ethical sourcing.

Here are five emerging trends in PXM that are reshaping the way brands deliver impactful product experiences that meet customer needs:

1. Let consumers explore, experience and enjoy: creating immersive product interactions

Consumers crave more than just products — they want experiences that educate, inspire and entertain, especially in the world of e-commerce.

The best brands go beyond solving shopper pain points by offering rich, engaging product content on multiple levels, transforming potential customers into loyal brand advocates.

  • Immersive experiences: Shoppers are looking for novelty.  As they move between different channels, they want a digital experience with personalized recommendations and fresh content.These non-linear and unpredictable shopping experiences can lead consumers down new paths — potentially away from your offerings. Brands that create educational, engaging and customer-centric content hold onto their customers longer, keeping them from exploring competitors.
  • Strategic decisions. Not all product categories perform in the same way; some require more thoughtful reflection based on product categories and customer master data. Brands must balance when to push for sales and when to prioritize educational content to foster long-term customer loyalty. With a careful, data-driven approach mixed with innovation and experimentation, your content strategies can more successfully impact their target audiences.

 

2. Connect locally: Tailoring product data for regional relevance

To resonate with diverse market segments, brands must localize their product offerings while maintaining a comprehensive and consistent product experience across multiple channels.

AI can be a game-changer here, helping brands adjust product descriptions, recommendations and even visuals to reflect local tastes and preferences. AI can also be used to predict usage scenarios based on your product data.

  • Localized experiences: Imagine a food brand suggesting recipes with local ingredients or adjusting instructions to fit regional cooking methods. This kind of personalization deepens the customer’s connection with the brand and boosts their loyalty.

3. Be ready for the next generation of consumers: Meeting Gen Z and Gen Alpha where they are

As Gen Z shapes digital trends, brands also need to start thinking about Gen Alpha. Both generations are highly engaged with social media, and brands must meet them where they are — on short-form video platforms like TikTok and Instagram.

  • Gen Alpha - The future is here. Meet Leo, a 10-year-old who exemplifies the tech-savvy nature of Gen Alpha. Leo’s day starts with his tablet, checking gaming app notifications and catching up on the latest YouTube challenges before diving into TikTok. For Leo and his peers, social media isn't just entertainment; it’s a key part of their identity and social interaction. Brands need to start thinking about how to engage these young, creative minds through dynamic, interactive content that resonates with their digital-first world and help them make purchase decisions.
  • Gen Z power: 40% of Gen Z consumers have discovered new products on social media in the past three months, with 41% stating it’s their preferred channel for finding new products. Nearly half (48%) of Gen Z prefers to discover products via short-form videos on TikTok and Instagram Reels. This generation values context — seeing products in real-life scenarios through influencer content or user-generated posts. For Gen Z, social media isn’t just a place to find products; it’s where they see them in action.
  • Content evolution to meet rising demands. Younger generations are driving a massive increase in content demands. To connect effectively, brands must ensure their product information is not just accurate but engaging, contextually relevant and adapted for the platforms Gen Z and Gen Alpha frequent. This means integrating user-generated content (UGC), influencer collaborations and supporting diverse formats like videos, infographics and interactive posts. An agile product management approach, powered by trusted PXM strategies, is essential to quickly adapting and refining offerings based on emerging trends and real-time feedback. Prioritizing dynamic content strategies will help brands build stronger connections with younger audiences and create long-term loyalty.

4. Get transparency right: Building trust through honest product data

Many consumers are growing tired of vague claims and marketing buzzwords that lack substance, especially regarding sustainability. The rise of greenwashing has led to increased skepticism. According to McKinsey, consumers care deeply about sustainability and increasingly back it up with their wallets.

  • Honesty wins. Brands must be transparent about sourcing, materials and sustainability practices to earn consumer trust. As many customers become more environmentally conscious, they’re more likely to reject brands that appear misleading or unclear about their sustainability efforts.
  • Clear communication. With evolving regulations such as the European Union’s Green Deal, transparency is not just a preference; it's a necessity. Brands need to ensure their product information is both accurate and compliant to avoid potential legal issues and build credibility. Storytelling that showcases a brand’s sustainability journey and challenges can foster emotional connections, helping consumers make more informed and confident choices.

5. Make it scalable, efficient and governed: Managing product data for growth

Managing product information effectively means using robust systems that are able to scale as your business grows. Your brand must focus on scalability, efficiency and governance to keep up with the demands of the modern marketplace.

  • Scalability. As your business grows, your data management systems need to handle increasing volumes of product data, more complex data attributes and additional market channels. A scalable PXM solution ensures your product information evolves alongside your business without disruptions, allowing you to quickly expand into new markets or add new product lines while maintaining data consistency.
  • Efficiency. Automating workflows and content syndication improves the speed and accuracy of distributing consistent product information across multiple channels. By eliminating manual tasks, a PXM solution like Stibo Systems ensures your data remains accurate and up-to-date everywhere it’s needed — whether it’s for your e-commerce site, your retailers or your in-store displays. This efficiency reduces time-to-market, minimizes errors and enhances your brand’s ability to respond quickly to market changes.
  • Governance. High-quality product data builds trust and ensures compliance with regulations. Strong data governance frameworks allow businesses to maintain control over data accuracy, define who has access to product information and enforce data quality standards. Effective governance involves a multitude of roles across the content management value chain — from product managers to compliance officers, marketers and IT teams — all working together to meet both local and international regulatory requirements while also ensuring transparency and accountability in your product information.

Make your product experience better with Stibo Systems

By adopting these five key trends — immersive content, localized relevance, transparency and scalable, efficient data systems — your brand will be equipped to meet and exceed customer expectations.

With Stibo Systems, you can streamline your product data and turn it into a strategic advantage, delivering rich, relevant and seamless user experiences across every customer touchpoint and sales channel.

Our Product Experience Data Cloud is a modern, flexible solution that seamlessly integrates the following cloud services, enabling you to create great product experiences that meet your customers’ expectations.

Ready to transform your product experiences? Learn more about our capabilities today.


Master Data Management Blog by Stibo Systems logo

Miriam Molino is Stibo Systems' Head of Global Retail Practice. Miriam brings deep expertise in retail after more than 25 years in the industry; as a consultant serving retail Corporations in multiple strategic and operational initiatives, and as well as part of the industry as she has worked for one of the biggest retail companies in Spain going through a massive digital transformation. At Stibo Systems, Miriam is reinforcing the company focus and value orientation towards retail clients.

Discover Blogs by Topic

  • MDM strategy
  • Retail and distribution
  • Data governance
  • See more
  • Customer and party data
  • Manufacturing
  • Product data and PIM
  • Data quality
  • AI and machine learning
  • Supplier data
  • CPG
  • Financial services
  • Sustainability
  • GDPR
  • Location data
  • PDX Syndication
  • Customer Experience
  • Product Experience Data Cloud
  • Cloud
  • Microsoft Azure
  • Product Onboarding

Gen Z: Seeking Excitement Beyond Amazon

12/11/24

A Modern Guide to Data Quality Monitoring: Best Practices

12/10/24

CDP and MDM: Complementary Forces for Enhancing Customer Experiences

12/10/24

Using Machine Learning and MDM CBAM for Sustainability Compliance

12/3/24

How to Implement Master Data Management: Steps and Challenges

11/26/24

AAPEX and SEMA: The Automotive Aftermarket Industry’s Mega-Showcase

11/25/24

5 Key Trends in Product Experience Management

11/20/24

Building the Future of Construction with AI and MDM

11/19/24

Solving Retail Data Fragmentation: The Key to Consistent Customer Journeys

11/14/24

Live Shopping: How to Leverage Product Information for Maximum Impact

10/22/24

Why Data Accuracy Matters for CPG Brands

10/16/24

Why Choose a Cloud-Based Data Solution: On-Premise vs. Cloud

10/15/24

How to Use Customer Data Modeling

10/10/24

Navigating Change: Engaging Business Users in Successful Change Management

9/20/24

What is Digital Asset Management?

9/11/24

How to Improve Your Data Management

9/3/24

The Future of Master Data Management: Trends in 2023-2025

9/1/24

Digital Transformation in the CPG Industry

8/30/24

5 CPG Industry Trends and Opportunities for 2024-2025

8/29/24

What is the difference between CPG and FMCG?

8/27/24

Responsible AI relies on data governance

8/27/24

6 Features of an Effective Master Data Management Solution

8/15/24

Great Data Minds: The Unsung Heros Behind Effective Data Management

8/13/24

A Data Monetization Strategy - Get More Value from Your Master Data

8/6/24

Introducing the Master Data Management Maturity Model

8/4/24

What is Augmented Data Management? (ADM)

7/31/24

Data Migration to SAP S/4HANA ERP - The Fast and Safe Approach with MDM

7/30/24

GDPR Data Governance and Data Protection, a Match Made in Heaven?

7/17/24

The Difference Between Master Data and Metadata

5/26/24

Master Data Management Roles and Responsibilities

5/20/24

8 Best Practices for Customer Master Data Management

5/16/24

What Is Master Data Governance – And Why Do You Need It?

5/12/24

Guide: Deliver flawless rich content experiences with master data governance

4/11/24

Risks of Using LLMs in Your Business – What Does OWASP Have to Say?

4/10/24

Guide: How to comply with industry standards using master data governance

4/9/24

Digital Product Passports - A Data Management Challenge

4/8/24

Guide: Get enterprise data enrichment right with master data governance

4/2/24

Guide: Getting enterprise data modelling right with master data governance

4/2/24

Guide: Improving your data quality with master data governance

4/2/24

Data Governance Trends 2024

1/30/24

NRF 2024 Recap: In the AI era, better data can make all the difference

1/19/24

Building Supply Chain Resilience: Strategies & Examples

12/19/23

How Master Data Management Can Enhance Your ERP Solution

12/14/23

Shedding Light on Climate Accountability and Traceability in Retail

11/29/23

What is Smart Manufacturing and Why Does it Matter?

10/11/23

Future Proof Your Retail Business with Composable Commerce

10/9/23

5 Common Reasons Why Manufacturers Fail at Digital Transformation

10/5/23

How to Digitally Transform a Restaurant Chain

9/29/23

Three Benefits of Moving to Headless Commerce and the Role of a Modern PIM

9/14/23

12 Steps to a Successful Omnichannel and Unified Commerce

7/6/23

CGF Global Summit 2023: Unlock Sustainable Growth With Collaboration and Innovation

7/5/23

Navigating the Current Challenges of Supply Chain Management

6/28/23

Product Data Management during Mergers and Acquisitions

4/6/23

A Complete Master Data Management Glossary

3/14/23

4 Ways to Reduce Ecommerce Returns

3/8/23

Asset Data Governance is Central for Asset Management

3/1/23

4 Common Master Data Management Implementation Styles

2/21/23

How to Leverage Internet of Things with Master Data Management

2/14/23

Manufacturing Trends and Insights in 2023-2025

2/14/23

Sustainability in Retail Needs Governed Data

2/13/23

NRF 2023: Retail Turns to AI and Automation to Increase Efficiencies

1/20/23

5 Key Manufacturing Challenges in 2023

1/16/23

What is a Golden Customer Record in Master Data Management?

1/9/23

Innovation in Retail

1/4/23

Life Cycle Assessment Scoring for Food Products

11/21/22

Retail of the Future

11/14/22

Omnichannel Strategies for Retail

11/7/22

Hyper-Personalized Customer Experiences Need Multidomain MDM

11/5/22

What is Omnichannel Retailing and What is the Role of Data Management?

10/25/22

Most Common ISO Standards in the Manufacturing Industry

10/18/22

How to Get Started with Master Data Management: 5 Steps to Consider

10/17/22

What is Supply Chain Analytics and Why It's Important

10/12/22

What is Data Quality and Why It's Important

10/12/22

An Introductory Guide: What is Data Intelligence?

10/1/22

Revolutionizing Manufacturing: 5 Must-Have SaaS Systems for Success

9/15/22

An Introductory Guide to Supplier Compliance

9/7/22

What is Application Data Management and How Does It Differ From MDM?

8/29/22

Digital Transformation in the Manufacturing Industry

8/25/22

Master Data Management Framework: Get Set for Success

8/17/22

Discover the Value of Your Data: Master Data Management KPIs & Metrics

8/15/22

Supplier Self-Service: Everything You Need to Know

6/15/22

Omnichannel vs. Multichannel: What’s the Difference?

6/14/22

Create a Culture of Data Transparency - Begin with a Solid Foundation

6/10/22

The 5 Biggest Retail Trends for 2023-2025

5/31/22

What is a Location Intelligence?

5/31/22

Omnichannel Customer Experience: The Ultimate Guide

5/30/22

Location Analytics – All You Need to Know

5/26/22

Omnichannel Commerce: Creating a Seamless Shopping Experience

5/24/22

Top 4 Data Management Trends in the Insurance Industry

5/11/22

What is Supply Chain Visibility and Why It's Important

5/1/22

The Ultimate Guide to Data Transparency

4/21/22

How Manufacturers Can Shift to Product as a Service Offerings

4/20/22

How to Check Your Enterprise Data Foundation

4/16/22

An Introductory Guide to Manufacturing Compliance

4/14/22

Multidomain MDM vs. Multiple Domain MDM

3/31/22

Making Master Data Accessible: What is Data as a Service (DaaS)?

3/29/22

How to Build a Successful Data Governance Strategy

3/23/22

What is Unified Commerce? Key Advantages & Best Practices

3/22/22

How to Choose the Right Data Quality Tool?

3/22/22

What is a data domain? Meaning & examples

3/21/22

6 Best Practices for Data Governance

3/17/22

5 Advantages of a Master Data Management System

3/16/22

A Unified Customer View: What Is It and Why You Need It

3/9/22

Supply Chain Challenges in the CPG Industry

2/24/22

The Best Data Governance Tools You Need to Know About

2/17/22

Top 5 Most Common Data Quality Issues

2/14/22

What Is Synthetic Data and Why It Needs Master Data Management

2/10/22

What is Cloud Master Data Management?

2/8/22

How to Implement Data Governance

2/7/22

Build vs. Buy Master Data Management Software

1/28/22

Why is Data Governance Important?

1/27/22

Five Reasons Your Data Governance Initiative Could Fail

1/24/22

How to Turn Your Data Silos Into Zones of Insight

1/21/22

How to Improve Supplier Experience Management

1/16/22

​​How to Improve Supplier Onboarding

1/16/22

How to Enable a Single Source of Truth with Master Data Management

1/13/22

What is a Data Quality Framework?

1/11/22

How to Measure the ROI of Master Data Management

1/11/22

What is Manufacturing-as-a-Service (MaaS)?

1/7/22

The Ultimate Guide to Building a Data Governance Framework

1/4/22

Master Data Management Tools - and Why You Need Them

12/20/21

The Dynamic Duo of Data Security and Data Governance

12/20/21

How to Choose the Right Supplier Management Solution

12/20/21

How Data Transparency Enables Sustainable Retailing

12/6/21

What is Supplier Performance Management?

12/1/21

What is Party Data? All You Need to Know About Party Data Management

11/28/21

What is Data Compliance? An Introductory Guide

11/18/21

How to Create a Marketing Center of Excellence

11/14/21

The Complete Guide: How to Get a 360° Customer View

11/7/21

How Location Data Adds Value to Master Data Projects

10/29/21

How Marketers Should Prepare for the 2023 Holiday Shopping Season

10/26/21

What is Supplier Lifecycle Management?

10/19/21

What is a Data Mesh? A Simple Introduction

10/15/21

How to Build a Master Data Management Strategy

9/26/21

10 Signs You Need a Master Data Management Platform

9/2/21

What Vendor Data Is and Why It Matters to Manufacturers

8/31/21

3 Reasons High-Quality Supplier Data Can Benefit Any Organization

8/25/21

4 Trends in the Automotive Industry

8/11/21

What is Reference Data and Reference Data Management?

8/9/21

What Obstacles Are Impacting the Global Retail Recovery?

8/2/21

GDPR as a Catalyst for Effective Data Governance

7/25/21

All You Need to Know About Supplier Information Management

7/21/21

5 Tips for Driving a Centralized Data Management Strategy

7/3/21

Welcome to the Decade of Transparency

5/26/21

How to Become a Customer-Obsessed Brand

5/12/21

How to Create a Master Data Management Roadmap in Five Steps

4/27/21

What is a Data Catalog? Definition and Benefits

4/13/21

How to Improve the Retail Customer Experience with Data Management

4/8/21

How to Choose the Right Master Data Management Solution

3/29/21

Business Intelligence and Analytics: What's the Difference?

3/25/21

Spending too much on Big Data? Try Small Data and MDM

3/24/21

What is a Data Lake? Everything You Need to Know

3/21/21

How to Extract More Value from Your Data

3/17/21

Are you making decisions based on bad HCO/HCP information?

2/24/21

Why Master Data Cleansing is Important to CPG Brands

1/20/21

CRM 2.0 – It All Starts With Master Data Management

12/19/20

5 Trends in Telecom that Rely on Transparency of Master Data

12/15/20

10 Data Management Trends in Financial Services

11/19/20

Seasonal Marketing Campaigns: What Is It and Why Is It Important?

11/8/20

What Is a Data Fabric and Why Do You Need It?

10/29/20

Transparent Product Information in Pharmaceutical Manufacturing

10/14/20

How to Improve Back-End Systems Using Master Data Management

9/19/20

8 Benefits of Transparent Product Information for Medical Devices

9/1/20

How Retailers Can Increase Online Sales in 2023

8/23/20

Master Data Management (MDM) & Big Data

8/14/20

Key Benefits of Knowing Your Customers

8/9/20

Women in Master Data: Kelly Amavisca, Ferguson

8/5/20

Customer Data in Corporate Banking Reveal New Opportunities

7/21/20

How to Analyze Customer Data With Customer Master Data Management

7/21/20

How to Improve Your 2023 Black Friday Sales in 5 Steps

7/18/20

4 Ways Product Information Management (PIM) Improves the Customer Experience

7/18/20

How to Estimate the ROI of Your Customer Data

7/1/20

Women in Master Data: Rebecca Chamberlain, M&S

6/24/20

How to Personalise Insurance Solutions with MDM

6/17/20

How to Democratize Your Data

6/3/20

How to Get Buy-In for a Master Data Management Solution

5/25/20

How CPG Brands Manage the Impact of Covid-19 in a Post-Pandemic World

5/18/20

5 Steps to Improve Your Data Syndication

5/7/20

Marketing Data Quality: Why Is It Important and How to Get Started

3/26/20

Panic Buying: Navigating Long-term Implications and Uncertainty

3/24/20

Women in Master Data: Ditte Brix, IMPACT

2/20/20

Get More Value From Your CRM With Customer Master Data Management

2/17/20

Women in Master Data: Nagashree Devadas, Stibo Systems

2/4/20

How to Create Direct-to-Consumer (D2C) Success for CPG Brands

1/3/20

Women in Master Data: Anna Schéle, Ahlsell

10/25/19

Women in Master Data: Morgan Lawrence, Infoverity

9/26/19

Women in Master Data: Sara Friberg, Acando (Part of CGI)

9/13/19

Improving Product Setup Processes Enhances Superior Experiences

8/21/19

How to Improve Your Product's Time to Market With PDX Syndication

7/18/19

8 Tips For Pricing Automation In The Aftermarket

6/1/19

How to Drive Innovation With Master Data Management

3/15/19

Discover PDX Syndication to Launch New Products with Speed

2/27/19

How to Benefit from Product Data Management

2/20/19

What is a Product Backlog and How to Avoid It

2/13/19

How to Get Rid of Customer Duplicates

2/7/19

4 Types of IT Systems That Should Be Sunsetted

1/3/19

How to Reduce Time-to-Market with Master Data Management

10/28/18

How to Start Taking Advantage of Your Data

9/12/18

6 Signs You Have a Potential GDPR Problem

8/16/18

GDPR: The DOs and DON’Ts of Personal Data

6/13/18