BY TIM CRINO, SENIOR EDITOR, INC.@TIMCRINO
For Inc.
Photo: CES 2023, held in Las Vegas at the Las Vegas Convention Center. Photo: Getty Images
Keeping up with the competition in 2023 may require offering more personalized products. At the Consumer Electronics Show in Las Vegas this week, personalization was a hot topic among brands ranging from video greeting company Cameo to automaker Stellantis.
And a big market it is. A TV show like Cocomelon, which started as a YouTube show before being acquired by Moonbug Entertainment–one of Cameo’s media partners–was the most-streamed American kids show in 2021, according to data from Nielsen. In fact, it was the second-most streamed show of 2021, just behind the police procedural crime drama Criminal Minds. And by personalizing messages from Cocomelon characters, Cameo is building a new group of potential customers for its core service.
Another company trumpeting personalization at CES is Stellantis, formed by the merger of Fiat Chrysler Automobiles and PSA Group. Building personalized experiences for car customers helped the company more than double its revenue, according to Mamatha Chamarthi, Stellantis’s head of software business and product management, global, Americas, and Asia. In 2022, Stellantis introduced in-vehicle software that helps customers plan trips, capture photos, and share updates on social media, something Chamarthi calls “traveling as a service.” She gave the example of a customer who used these capabilities after purchasing a Jeep Wrangler for off-road trail rides. Other forms of personalization among automakers at CES include BMW’s concept car that can change colors.