By Mandy Reed, Global Head of Marketing
As with many other aspects of life and business, customer experience trends and expectations have been greatly impacted by the global health crisis this year. The closing of physical store and office locations, restrictions on in-person activities, new guidelines to keep contact centre agents safe, rapidly changing information – these challenges and disruptions to business-as-usual have forced organisations to adapt quickly and re-evaluate the needs of their customers.
CX Network’s The Global State of Customer Experience 2020 report breaks down insights from customer experience (CX) experts, looking at the opportunities and hurdles over the first half of 2020 as well as forecasts for the remainder of the year. Survey respondents’ observations about customer behaviour present a very telling story about the challenges of CX today:
- 68% strongly believe that expectations from customers are rising
- 52% believe customers are more willing than ever to switch brands if unsatisfied
- 49% believe there are clear trends in customer segments that prefer certain contact channels
- 47% believe it is getting harder to please customers
- 43% believe that customers are more impatient than ever before
For years there have been predictions about when CX will overtake other factors, such as price and product, to become the number one way companies differentiate themselves from competitors or when CX will become the most important consideration for customers when making purchasing decisions. Regardless of whether we’ve reached that point, businesses can’t ignore the facts that customer expectations are rising and that failing to make changes to meet those expectations negatively impacts customer retention and spending.
The global pandemic that the world is dealing with right now has further shone a spotlight on CX, particularly on the importance of a quality digital experience. It should come as no surprise that in CX Networks’ survey, digital transformation and digital customer experience ranked high in responses from CX practitioners, solution providers and industry commenters when asked about top trends.
Organisations that already had a focus on their digital CX prior to the start of 2020 had an advantage as they adapted to COVID-19 related restrictions and changes. For example, those with existing virtual agents or chatbots were able to relieve pressure from their contact centre by proactively encouraging customers to self-serve. Branded virtual agents around the world saw a massive spike in usage during the first half of the year, further proof of the importance of digital customer care.
The survey also asked participants about challenges companies are facing when trying to close the gap between customer expectations and the reality of the experiences being delivered. ‘Building a customer-first culture’ was in the top three responses for all three groups and ‘Siloed customer data’ also ranked high in the answers selected.
Both of those challenges can directly impact the creation and success of digital transformations and digital customer experience strategies. Having a customer-centric culture is essential for selecting and implementing the right digital changes and tools to address the real needs and preferences of customers. However, achieving success can also be derailed by having siloed customer data, incomplete customer profiles and disconnected customer experiences. Creating a single source of truth for customer data requires time and resources but is a necessary and worthwhile investment to create seamless, omnichannel customer engagement.
While it’s impossible to know exactly what the future holds for customers and businesses, what has become clear is that delivering positive digital and self-service experiences is going to continue to be important to a company’s bottom line. Check out this three-part blog series for more insights and tips:
- Delivering Self-Service During the COVID-19 Uncertainty, Part 1: Supporting Customers
- Delivering Self-Service During the COVID-19 Uncertainty, Part 2: Supporting Contact Centre Agents
- Delivering Self-Service During the COVID-19 Uncertainty, Part 3: Supporting Employees
As customer expectations and preferences continue to evolve, smart organisations will evolve with them. They will find ways to meet customers where they are, whether that be in-person or on digital channels.