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Changing Digital Expectations and CX Trends in 2020

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.

2020 cx 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.

2020 cx challenges

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:

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.

5 Questions to Ask About Digital Customer Service Improvement Plans

By Scott Tompkins, Enterprise Account Executive, Creative Virtual USA

Of the many opportunities provided to the business world with so many digitally connected consumers, some of the most exciting are in the realm of customer service. Digital tools allow us to serve customers better than ever before – as long as you choose the right solution and engage the right experts to help deliver on its promise.

If you’re considering implementing a new digital customer service improvement plan, ask a provider the following questions to gain a clearer sense of how they can help you take better care of your customers:

  1. What’s the expected cost per resolution?

It’s important to understand the fully-loaded cost of helping a customer resolve a problem in each of your customer service channels. To quickly estimate cost per resolution, take the cost per contact for the channel and divide it by the expected success rate of resolving issues. You can expect a fairly large variance in costs across your channels, so be sure to take a broad look across digital and offline channels to determine which method is the most effective for your business and your customers.

  1. How long does it take to see ROI?

A transformative digital customer service improvement plan often requires significant upfront investment. While you are planning for this cost, it’s important to have proper expectations for when you’ll see a return. Providers who are confident enough in the effectiveness and fit of their solutions to offer outcome-based pricing are an encouraging sign – Outcome-based pricing allows you to lock in return on elements of your investment, which begin as soon as your solution goes live, improving your bottom line.

  1. Does the solution have a sales component?

While effective customer service is critical for keeping customers, every organization needs sales to grow. The best customer service programs understand that service and sales are hand-in-hand.  Improvement plans should incorporate service elements, new customer sales, cross-selling and upselling components.

  1. What ways can my customers find help using this solution?

This is a critical question for ensuring that you maximize the efficacy of your customer service solution. If your customers are highly active on social media or mobile platforms but the customer service improvement plan you are considering can’t be deployed there, it’s probably a good idea to look elsewhere.

Also request job descriptions of the internal resources required to deploy and manage the solution. Will there be significant IT projects required to make it work? Can the customer service solution you are considering be set up to work with your data warehousing or analytics solutions? These are all questions that could affect the time to deploy, cost and value of your solution.

  1. Does the customer service solution self-learn?

In today’s world where artificial intelligence can write poetry and drive your car, it’s important that your customer service solutions are evolving with your business over time. A great customer service solution learns from previous interactions to gain a better understanding of what your customers ask about, what solutions work best, and incorporates that learning to offer better service.

 

As the leader in virtual customer service, Creative Virtual specializes in the science of conversation.