Innovation, Challenges, and the Road Ahead

Innovation, Challenges, and the Road Ahead

Welcome back to another edition of Weekly CX Insights. You can expect information on the very latest trends, best practices, and innovations happening in the customer experience and digital transformation landscape.

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What's Happening in CX Today ??

In the ever-evolving world of customer experience, companies are making significant strides to enhance their interactions with customers. From Costco's tech-driven initiatives to SurveyMonkey's new CX suite, and innovative approaches like customer-controlled substitutions, businesses are continually seeking ways to improve satisfaction and engagement. Stay updated on these developments and more as the CX landscape transforms.


Costco Leans into Tech

Costco Wholesale is making a substantial investment in technology to transform its customer experience. The company is significantly expanding its buy-online-pickup-in-warehouse program, allowing customers to seamlessly shop online and pick up their orders at their local warehouse. This expansion reflects wholesale giant's commitment to enhancing convenience and flexibility for its members.

In addition, they're exploring new online shopping options to further streamline the purchasing process and better cater to the growing demand for digital solutions. This strategic shift is a notable departure from their traditional focus on brick-and-mortar stores, demonstrating Costco’s dedication to innovation and adaptability in meeting the evolving needs and expectations of its customers.

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Image Source: RBM Digital


SurveyMonkey Introduces New Customer Experience Suite

SurveyMonkey has launched a new customer experience suite integrated with the SurveyMonkey Enterprise platform. This suite includes AI-powered surveys, CX benchmarking, and multichannel feedback collection via email, web, SMS, social media, and in-app channels. It also offers a native Salesforce integration and supports other tools like Adobe Marketo , HubSpot , Power BI Visualization , and Tableau . While pricing details are not available, the suite aims to make advanced CX tools accessible to small and medium businesses, providing a simpler and more user-friendly alternative to complex experience management solutions.

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SurveyMonkey graphic
Image Source: SurveyMonkey


Customer-Controlled Substitutions Boost NPS

A simple change in how retailers handle out-of-stock items can have a major impact on customer satisfaction and loyalty. By allowing customers to choose their preferred substitutes, retailers can see a remarkable 70% increase in their Net Promoter Score (NPS). This article dives into the psychology behind this strategy, examining how it reduces customer frustration, fosters a sense of control, and ultimately leads to higher satisfaction.

Explore the practical steps retailers can take to implement customer-driven substitution programs, from creating intuitive interfaces to optimizing their inventory management.

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Image Source: Pexel Photos


Knowledge Management Priorities for Better CX

Knowledge managers reveal their top three priorities for driving a better customer experience. These priorities include improving self-service and AI knowledge, maximizing support agent efficiency, and aligning with support department goals. This article is a valuable resource for anyone who wants to learn more about how to improve customer self-service and support agent efficiency.

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Image showing bar chart of data 88% of customers wanting self-service.
Image Source: CustomerThink.com


Digital Humans Revolutionize Customer Service

Using generative AI, companies like 英伟达 are creating realistic digital avatars that interact naturally with customers. 英伟达 showcased its Maxine AI platform at SIGGRAPH 2024, featuring enhanced 3D and Audio2Face-2D capabilities for immersive telepresence. Developers can use Maxine and 英伟达 ACE to create AI models for speech, translation, vision, intelligence, and realistic animation, making customer interactions more engaging.

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Forrester Report: Customer Experience Quality Declines

Forrester 's latest report on US customer experience quality is a wake-up call. It's hit an all-time low, and the decline is widespread across industries and brands. Even the top players are struggling to maintain their scores. This decline impacts all three pillars of CX quality: effectiveness, ease, and emotion. This year's report shows an alarming 39% of brands experiencing significant declines. Clearly, businesses need to step up their CX game.

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Chart showing average US CX Index scores
Image Source: Forrester Research


The Last Word ??

As the landscape of customer experience continues to evolve, companies are investing in innovative solutions to meet the changing demands of their customers. Whether it's through embracing new technologies, enhancing feedback mechanisms, or empowering customers with more control, these efforts are crucial in driving satisfaction and loyalty. Stay tuned for more updates as businesses strive to elevate their CX game in this dynamic environment.


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Additional Resources

Hubspot's The State of Customer Service & Customer Experience in 2024

Zendesk's CX Trends Report 2024

UXPressia Free Online Customer Journey Mapping Tool

Zendesk Customer Service Scorecard Template

Kustomer's Proactive Support Guide

Hubspot's Free Customer Experience Tools

NICE International Happy Index 2024


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Image Source: Support Driven


Stay tuned for our next edition of Weekly CX Insights, where we'll continue to explore the latest trends, best practices, and innovations in customer experience.


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