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The Great CUSTOMER EXPERIENCE & AI in #CustServ

The Great Customer Experience

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The Great

CUSTOMER EXPERIENCE

& AI in #CustServ

120%

100%

80%

60%

40%

20%

CX Leaders

S&P 500 Index

CX LaggardsCum

ulat

ive

Tota

l Ret

urn

107,5%

72,3%

27,6%

Source: Watermark Consulting, 2015. Stock performance of top 10 of Forrester Research’s Customer Experience Index 2007-2015 vs. lowest 10.

Customer experience matters

Customer experience has become the new competitive battleground, and it began with data like this for stock performance.

Customer satisfaction drives revenue

CX Leaders CX Laggards

17%

3%

Source: June 2016 (data 2010-2015), report from Forrester: ”Customer Experience Drives Revenue Growth, 2016”

Compound avg. Revenue Growth

When isolating customer driven revenue (and not counting added revenue from mergers & acquisitions, etc.), a superior customer experience results in much larger revenue growth. 17 pct. a year is nothing to scuff at.

EMOTION SELLS

of buying experiences are based on how

a customer feels they are being treated

– McKinsey & Co.

“ 70% ”

POOR SERVICE IS THE GREAT LEVELLER

of customers switch brands due to real or perceived poor service,

with quality being cited as the reason by only 13% of respondents.

– Michaelson & Associates

“”

69%

So basically good emotion sells and bad emotion causes customer churn. A lot of businesses still need to accept that one, let alone wrap their heads around it.

Customer experience is the sum of all

engagements a customer has with your brand

throughout the customer lifecycle.

It’s not just one moment, it’s all moments

combined.

– Brian Solis

Source: Oracle, designingcx.com

Mapping each point of your customer's lifecycle makes you able to anticipate customer needs. Use that information to optimize the customer’s journey.

WHAT CAN YOU DO?

Respect yourcustomer’s

timeLess effort

Customer Effort Score

better experience

As a general design principle for processes, website, systems –well, everything – keep your customer’s time in mind. It’s the most precious thing to them. Don’t make them waste it on your behalf.

Engage on multiple channels

75%expect a consistent

experience regardless of channel

Sour

ce: S

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016:

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f the

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nect

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usto

mer

When you do offer customer service on a channel be sure to commit to it. You’ll disappoint every single customer whom you don’t provide a consistent experience in a timely fashion. So don’t create silos. Dissolve them instead.

That means social media too

The Xbox Support team is 27 people averaging two customer service tweets per minute. And yet they still manage to follow up with individual customers nine days later to make sure an issue is resolved.

Respond quickly, regardless of channel

64%Expect companies to respond to them

in real-time

Sour

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80%Expect companies to respond to them

in real-time

B2C B2B

And if you currently don’t offer any real-time interaction, think long and hard on which advantages that would give you.

Offer live chat -especially on checkout pages

74%

Consider switching brands if they encounter problems at check-outSource: Zendesk report, 2016: Searching for Self-Service

Log and categorizeenquiries

Analyzedata

Identifyimprovements

Actuallymake changes

Collect free feedback for improvement on behalf of your entire business

Customer service is a treasure trove of feedback to your business. It allows you to identify the right obstacles to remove and processes to improve. Be sure to involve stakeholders from all relevant departments.

You can do so for free with

Google Forms

It’s in Danish, I know. Sorry. Yours doesn’t have to be ;-)

Identify the root causesand start improving

Other

Cancellation

Return policy

When does my order ship?

Change order 16,2%

11,9%

9,1%

7,9%

5,6%

Top 5 Questions about Existing Order

Sometimes the solution is something you can take care of in customer service. Oftentimes, it’s not. Be sure to get buy-in from other departments/functions, so you can agree on and do what’s best for the customer.

Do that for a year

be heroes

improving your customer experience

and you will all

one small change at a time

to your customers

Empower your customers to self-serve

Source: Zendesk rapport, 2016: Searching for Self-Service

67%Would rather solve an

issue themselves than contact

customer service

Self-service portals still work (they do!), but try to think of self-service as empowering the customer. Enable them to find info themselves, and provide the right information at the right time.

Always meet your customer’s expectations CONSISTENT

EMPATHIC

PROACTIVE

PRESENT

Those are the keys to WOW’ing you customers. It doesn’t actually take that much effort. But it does require that you don’t think of them as a number and learn to anticipate their needs.

Let’s summarize

§ Simplify the buying experience

§ Make yourself readily available

§ Especially on the channels your customers prefer

§ Respond quickly and be consistent across channels

§ Log and categorize enquiries and use it as feedback to improve the

customer experience

THE FUTURE OF CUSTOMER

SERVICE

IF THIS THEN THATDid someone say AI?

The holy grail of AI & machine learning in customer service is having chat bots answer the your customer’s questions. But we’re not there yet. Machine learning shows promise, but otherwise we’re stuck at simple automation and people have rejected attempts to put a bot in the place of a person.

Hi,I forgot my phone on the plane yesterday. Where and how can I get it back ASAP?

Hi Jenny,We are sorry to hear you lost your phone. All items found will be handed over to the airport Lost & Found department.

98% confidence

Use case from digitalgenius.com

AI is mature enough to

assist agentsnot talk directlyto humans

Realistically

Machine learningloves data

But needs itin one place

Save your datain one place

to prep for AI

Machine learning will eventually succeed in customer service, because it feeds of off data for similar conversations. And we have a lot of those. We also have a lot of other data that the machine needs, like categorization of enquiries and customer feedback. To not start from scratch, you need to make sure it can access all of that in one place.

Loyalty is changing

agree that tech has made it easier than ever

to take my company’s business elsewhere82%Source: Salesforce Research, 2016: State of the Connected Customer

As people become better informed and new technology makes switching both easier, faster and cheaper loyalty decreases. To keep them, deliver excellent customer service.