The Payoff of Personalized Customer Service

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Filed under - Industry Insights,

The two things consumers globally value most in a service interaction are a fast response and a first-contact resolution, according to the Genesys report “The State of Customer Experience.” This isn’t just about speed. When it comes to a personalised, positive customer experience (CX), it’s about relevance.

Organisations are more likely to resolve customer issues quickly and completely when they’ve listened to and understood those customers’ expectations and needs. This enables them to provide personalised customer service interactions with relevant answers, information and recommendations.

The Business Behind Personalisation

The report finds that personalisation enables organisations to increase customer value in the short and long term, as well as grow revenue and reach. More than 80% of the 5,517 consumers surveyed say they’d purchase additional items from companies that consistently personalise their customer service experiences.

Nearly as many would buy more often and recommend those companies. And more than half say they would pay more to buy from companies that personalise their experiences.

Despite the clear value of personalisation, just 35% of the 646 “CX Leaders” surveyed say their company offers a highly personalised customer experience today. Disconnected technology and data are common problems among many organisations and hamper the ability to respond to customer preferences — especially in real time.

Another issue is that some organisations don’t know which types of personalisation customers really want. According to the report, marketing offers and loyalty programs are low priorities for consumers.

The most valuable forms of personalisation happen during customer service interactions. According to consumers worldwide, “Receiving the services I need at any time and in my preferred channel of choice,” and “Being connected straightaway with the right person to help me” lead the list of preferred ways that organisations can personalise customer experiences and customer journeys.

AI Sharpens the Senses

Offering services customers need at any time and in their preferred channel requires having well-designed journeys and the technology to remove any sticking points.

This involves using data and artificial intelligence (AI) to listen and understand predicted intent. Then you can serve up the most appropriate resource — whether that’s a bot, FAQ page, or a human interaction.

Predictive routing provides the most efficient way to optimise contact centre resources, ensuring that your most valuable resource — your people — dedicate the bulk of their time to high-value interactions. Personalising voice interactions requires employees to have a comprehensive view of the customer. This not only enables them to close the call quickly, but they can also focus on customer education, proactive communication and resolving complex issues.

Empowering employees to deliver that personalised experience is at the top of surveyed CX Leaders’ strategic agenda for the next two years. Their No. 1 initiative, according to the survey, is Improving employee experience with new technology — and by connecting existing technology.

Other top priorities include “Enhancing analytics for real-time insights, analytics and reporting” and “Using data and AI for customer understanding and personalisation.” Personalisation is a top CX objective for building customer loyalty and unlocking new revenue.

Tech Stack Support and the Case for the Cloud

Supporting this from a technology perspective is leading organisations to rethink the tech stack – particularly with a view to all-in-one platforms.

Some 71% of the surveyed CX Leaders are implementing a CX platform that integrates systems, such as CRM, ERP and communications platforms, to support their strategic priorities over the next two years.

Cloud-based technology is critical for the long-term effectiveness of these strategies — for data visibility and agility to innovate.

Two leading benefits of the cloud, according to the survey, are better access to data across channels and being able to add capabilities, features and channels faster. Being able to remove friction quickly while also innovating at the speed of the customer is essential for overall competitiveness.

Personalising experiences at scale requires the orchestration capabilities of cloud-based automation and AI. In addition to the intent mining and predictive features, these technologies also close the loop with real-time analytics — allowing you to learn and adapt.

The result is a virtuous cycle of relevance and personalisation in customer service that builds loyalty and drives long-term business performance.

This blog post has been re-published by kind permission of Genesys – View the Original Article

For more information about Genesys - visit the Genesys Website

About Genesys

Genesys Every year, Genesys orchestrates billions of remarkable customer experiences for organisations in more than 100 countries. Through the power of our cloud, digital and AI technologies, organisations can realise Experience as a Service, our vision for empathetic customer experiences at scale. With Genesys, organisations have the power to deliver proactive, predictive, and hyper personalised experiences to deepen their customer connection across every marketing, sales, and service moment on any channel, while also improving employee productivity and engagement.

Read other posts by Genesys

Call Centre Helper is not responsible for the content of these guest blog posts. The opinions expressed in this article are those of the author, and do not necessarily reflect those of Call Centre Helper.

Author: Genesys

Published On: 16th May 2023
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