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The value of customer experience in the digital age global version

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A growing number of C-suite executives will prioritise investment in customer experience over the next 3 years Companies who prioritise future investment in customer experience gain a

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A growing number of C-suite executives

will prioritise investment in customer

experience over the next 3 years

Companies who prioritise future investment

in customer experience gain a range of benefits over those who don't prioritise

Almost 4 in 5 companies

believe their overall customer experience is viewed positively

Where does CX responsibility lie?

CEO leadership of customer experience linked to better business performance

Major benefits of CX investment by company size

Leaders of CX initiatives

CEO most likely to have direct control

79%

NOW 63%

NEXT 3 YEARS 64%

41%

SMALL $250m or less MEDIUM $250m to $1bn LARGE $1bn or more

Global customer experience results

Customer experience (CX) encompasses

each and every interaction a customer

has with a company and its products

Measure success More profitable

Better customer experience

Increase CX investment more than 10%

CEO leads

CEO in charge

Better revenue growth

63%

62%

43%

64%

56%

Click here to view the full research and understand how the C-Suite values customer experience in today’s digital age

15% 28%

39%

54%

47%

40%

41%

Improved

Reduced operating costs %

Improved customer retention %

Lower cost of customer acquisition %

4

35%

Improved customer retention is cited

as the major benefit

of CX globally

33

13

31

5

CEO is most likely

to lead CX initiatives in all regions apart from Asia-Pacific, where the CIO

is most likely to lead

LEADER

13%

41%

17%

Asia-Pacific %

Latin America %

North America %

Europe %

CXO

5%

20

39

14 95

9 3 16 15 52 36 40

19

16

12

9

9 5 4 4

CEO 13%

CIO

17%

CMO

Trang 2

24%

29%

49%

41%

35%

39%

21%

37%

59%

49%

42%

39%

45%

28%

41%

54%

31%

40%38%

Past 3 years Next 3 years

>25%

About the same Decrease

1- 10%

10 - 24%

Asia-Pacific Latin America North America Europe

Asia-Pacific more likely to measure success of CX initiatives than Europe

or North America

Change in CX investment (%)

Major barriers to

measuring CX

Latin America

67%

Europe

59%

North America

51%

Asia-Pacific

66%

Click here to view the full research and understand how the

C-Suite values customer experience in today’s digital age

Measuring global CX

Measurement tools

Access to correlated CX outcome

to activity data

Lack of automation of processes

Customer effort score

Customer retention rate

Customer satisfaction score

Customer lifetime value

Customer satisfaction score

Customer acquisition cost

Customer satisfaction score

Customer lifetime value

Customer retention rate

Revenue improvement

Customer retention rate

North American companies least likely

to measure the success of CX

35% of companies

in Latin America will boost investment by more than 25% - More than any other region

Customer satisfaction score

Asia-Pacific

Social media

Latin America AmericaNorth Europe

Customer experience which includes digital and in-person channels are very important

today and in the next 3 years (%)

Face-to-face communications

Telephone operations

Online assistance support

Face-to-face communication most popular channel today,

but online assistance support expected to be

in the future 13

25 12 16

28 33

25

22

34 6 4 4 5 4 7

16 8 22 20 15

22 21

34

17

20

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