customer experience management 16 Nov 2023
Customer experience (CX) platform DISQO released new insights about how social media marketing is falling short in building trust with consumers, yet is still driving in-app purchases, in its report, “Social Media Shopping.” With nearly 80% of consumers using social media daily, DISQO’s findings underscore the massive opportunity to drive lower funnel outcomes on social media.
“With the 2024 holiday shopping season entering full force, brands need effective strategies to harness social media’s diverse audiences and undeniable engagement power,” said David Grabert, VP of Brand & Communications, DISQO. “We’re not just talking about digital natives, like Gen Z, but also older generations who are now also buying within social media. Brands should use this season to test bespoke social content for different cohorts and platforms while also considering the overriding impact of customer experience over influencer marketing.”
Key insights about social media usage and ecommerce activity in DISQO’s new report:
customer experience management 16 Nov 2023
Consumer expectations are on the rise heading into 2024, and they expect companies to deliver a consistently smooth experience whether they're shopping on a website, calling customer support or using a chatbot, according to the 2024 Consumer Experience Trends Report from Qualtrics. The study found that as AI becomes a bigger part of daily life, consumers are putting a higher value on human connection and rewarding brands that deliver exceptional digital support with their dollars and lasting loyalty.
Qualtrics asked over 28,000 consumers in 26 countries around the world about their expectations and what companies should do to win and keep their business. The findings reveal that consumers are sharing less direct feedback and they are frustrated with the customer service they receive while shopping on websites and apps.
The report identified 4 key trends that will define the consumer experience in 2024:
A winning AI strategy must address consumers' fear of losing the human connection
Despite all of the hype around AI, consumers aren't sure they're ready for customer service delivered by AI directly; Less than half (48%) of consumers are comfortable getting help from a chatbot or using AI-powered self-service. Skeptical consumers worry about the loss of human connection, the potential for poor service and the possibility people could be replaced by AI in their jobs.
Customer experience professionals believe AI will give them a competitive advantage, as it can augment how they do their work. With the right data, AI has the potential to deliver service that closely resembles the human experience–it can understand human emotions, adapt to circumstances, act with empathy and create connections. And it can make the humans delivering service even better.
The challenge for brands in 2024 will be identifying the tasks AI does and doesn't do well and aligning those capabilities with consumer preferences. 73% of consumers are comfortable using a brand's automated system for simple, transactional activities like checking an order status. However, they are averse to using it when the stakes are high—only 19% of consumers would prefer to engage with a chatbot or self-service channel for advice on a medical issue.
|
Lack of a human to |
Poor quality of the |
Loss of jobs for |
|
|
Consumers' top 3 |
48 % |
45 % |
45 % |
"Organizations are understandably excited about the potential of AI, but as they incorporate it into their business, they must take customers' concerns into account," said Moira Dorsey, Principal XM Catalyst, Qualtrics XM Institute. "Done well, AI-powered services will make human teams more effective and give customers a fast, effective way to get what they need through self-service and automated tasks."
Customer service is even more important than low prices
Despite rising prices and the risk of inflation, price will not be the primary driver of consumer purchase decisions in 2024. Consumers say that organizations that provide excellent customer service are more likely to gain their repeat business, with customer service and support ranking above low prices when it comes to the top drivers influencing consumer purchase decisions. Only product quality ranked higher.
|
Product / |
Customer |
Low Price |
Easy Digital |
Does good |
|
|
What will drive |
61 % |
47 % |
43 % |
30 % |
18 % |
But lagging morale among frontline employees such as cashiers, restaurant servers, and bank tellers is a huge barrier to organizations delivering the level of experience that creates loyal customers. Qualtrics research shows frontline workers are less satisfied with their pay and development compared to non-frontline staff and they feel a lack of support to effectively do their job. These issues may get worse in 2024 as only 38% of CX professionals said, "training our customer service agents and frontline employees" would be a priority for the year ahead, according to Qualtrics research.
"Great customer service starts with taking care of the humans engaging with customers on the frontline," Dorsey said. "Customer service experiences are often where people have strong emotions, so they tend to influence future purchase decisions more than any other interaction."
Digital support will create winners and losers
Great digital support can have an outsized impact on customer loyalty. Despite being equally satisfied making a purchase online or in person, consumers are 2.7 times more likely to return if they had great digital support, compared to 2.5 times after great customer support from a person. Consumers are six percentage points less likely to be satisfied by their digital customer support experience, compared to human support.
The issue is especially pressing as brands are increasing their reliance on digital channels to drive their business. A recent Qualtrics study found that 70% of companies say that digital channels contribute to at least 40% of their revenue, and 85% of respondents expect that number to grow in the coming months.
"Digital channels, such as websites and apps, are becoming increasingly critical in shaping the customer experience," said Dorsey. "Brands that invest in improving the service and support they provide on their digital channels will pull ahead of the pack in customer retention and loyalty. "
Customers aren't giving feedback like they used to – companies must listen in new ways
Only a third of consumers give direct feedback every time they have a bad experience with a company, but they are providing feedback in less direct ways, such as in call center conversations, online chat, product reviews and social media posts. Since 2021, the share of consumers providing feedback directly to the companies they buy from following a very bad experience has fallen by 7.2 percentage points, so organizations need to be smart about gathering feedback where customers are giving it and taking action to address it.
Companies can build a richer understanding of what customers want and expect by tuning into both direct and indirect sources of feedback. The latter may even provide a more authentic view into the customer experience and can surface issues or insights that may not come up on a traditional survey.
|
Tell friends and family |
Tell the company directly |
Leave a review online |
Share their experience on social media |
Say nothing at all |
|
|
What consumers do after a bad experience |
45% |
34% -7.2 pts since 2021 |
26% |
21% |
21% |
|
What consumers do after a good experience |
50% |
33% |
34% |
24%
|
17% |
According to Dorsey, "Companies need a diverse set of listening tools to understand customers' perceptions and deliver experiences that drive business value. As brands incorporate more unstructured and unsolicited data to understand what customers are thinking from sources like social media, product reviews, chat logs and call transcripts, they should combine it with operational data, such as average spend and visit frequency, to gain insight into what consumers are doing to understand how to serve them better."
technology 16 Nov 2023
Intellimize, the leading AI experience optimization platform, today announced the launch of AI-powered Account Based Marketing experiences (ABX). Intellimize's recent feature releases alongside their ABM partner integrations, allowing marketers to easily orchestrate personalized experiences across every touchpoint in the buyer's journey.
"As ABM marketers, we often assume we know exactly what will make someone convert in a specific segment. We provide the right social proof, messaging, and imagery and set up a rule to funnel every visitor in that segment through that experience. But by doing that we force folks into a specific journey. The B2B buyer's journey is far more complex and it's different for every company and without AI capabilities, it's extremely difficult and time consuming to get down to that 1:1 personalization at scale." said Tracy Sestili, former CMO and now Chief Revenue Officer of Intellimize.
With Intellimize's new landing page builder, dynamic content, pop-up modals, and deanonymization functionality combined with proprietary AI Optimization capability, marketers are empowered to truly nail 1:1 personalization at scale with minimal effort.
SaaS brands like Greenhouse are leveraging key data integrations to understand website visitors and deliver highly personalized experiences to them based on known data about their visitor's history.
"We use Intellimize's AI and 6sense's account data to help identify site visitors and serve them an optimized, personalized experience. It allows us to validate our messaging and tweak the content for each of our key audiences in an efficient, automated way," said Carin Van Vuuren, CMO of Greenhouse.
Additionally, brands are leveraging integrations with Demandbase to personalize pages for specific target industries, even revenue tiers, to drive better conversion rates with the most relevant content and messaging.
"We used the Intellimize integration with Demandbase to personalize pages on our website by industry and by revenue tier, and as a result we were able to boost conversions by an average of 8.4% (and for a certain industry it was a 227% boost in conversion rates!). We were also able to figure out which messages work best for which industry and which revenue tier, which is extremely valuable across all of our marketing efforts," said Ally Vandenherik, Senior Digital Marketing Manager, Coupa Software
As B2B marketers finalize 2024 plans and start to think about how to be more strategic by integrating AI into their overall marketing strategy, Intellimize delivers a codeless, cookieless, AI-powered ABM solution that easily integrates with Demandbase, 6sense, or Rollworks, to set them up for a successful year ahead.
customer experience management 16 Nov 2023
Avaya, a global leader in customer experience solutions, announced the appointments of Soren Abildgaard, who joined the company on November 1 as its Chief Technology Officer (CTO), and Marylou “ML” Maco, who will join on December 1 as its Chief Revenue and Customer Experience Officer. The appointments further strengthen the company’s executive leadership team and related plans to accelerate its innovation strategy and growth. In addition to Maco’s responsibilities as Chief Revenue and Customer Experience Officer, she will continue her role on the Avaya Board of Directors.
Their decision to join Avaya serves as a strong validation that the Company is on a path that resonates with not just the market but also with industry leaders. “These appointments are another milestone in Avaya’s transformation as we continue to build upon our leadership in customer experience,” said Alan Masarek, CEO of Avaya. “In a sector where innovation is crucial for staying ahead, Soren will bring his cloud and software expertise, while ML possesses an exceptional track record of driving market share and revenue growth. I am confident that they will prove vital assets in fueling our strategic plans and establishing Avaya as a clear leader in Enterprise CX.”
Both Abildgaard and Maco are joining Avaya at a time when the company is poised to take advantage of significant market opportunities. “We are committed to our North Star of CX, building from a position of strength with our global scale, brand, and ecosystem,” added Masarek. “These appointments, alongside other strategic changes in our executive team, are key to accelerating our innovation trajectory and leading the customer experience revolution.”
marketing 16 Nov 2023
AdRoll, the leading marketing and advertising platform that helps direct-to-consumer brands grow their businesses, today released the Q4 2023 edition of its State of Digital Marketing Report, a comprehensive summary providing invaluable insights into the changing digital marketing landscape in the third quarter of 2023. The report enables a deeper understanding of overall marketing trends and offers strategic ideas to improve marketing return on ad spend (ROAS) and return on investment (ROI) during the holiday season.
“Despite the economic headwinds in the first half of 2023, the economy mostly stabilized in Q3, yet consumers are still hesitant to spend,” said Vibhor Kapoor, president of AdRoll. “Marketers need to leverage data to segment their target audiences strategically, take advantage of low CPMs, and personalize messaging and offers to win the battle of this challenging holiday season.”
AdRoll analyzed data from 2,000 online businesses in North America across finance, beauty and fashion, fitness, technology, travel and other industries, resulting in these key findings:
“Aligning strategies with consumer shopping behavior proves critical,” Kapoor continued. “Employing effective tools like retargeting and abandoned cart recovery is vital for steering high-intent shoppers to complete purchases, while personalization, particularly during the competitive months of November and December, will help capture consumers’ attention.”
AdRoll’s report emphasizes the importance of a cross-holiday campaign strategy, recognizing that Christmas is just one among several gift-giving occasions in December. Marketers who are mindful and respectful of diverse traditions associated with various cultures and groups celebrating their respective holidays during this period will ultimately find success in navigating the competitive holiday season.
The AdRoll State of Digital Marketing Report will be updated quarterly.
advertising 16 Nov 2023
Seedtag, the leading contextual advertising company, recently welcomed two key additions to its leadership team: Eric Lebeau as Chief Financial Officer (CFO) and Nick Timms as Senior Vice President (SVP) of Strategy. Lebeau is located in Madrid, while Timms is based in the UK. Both roles are essential to continue driving Seedtag's global strategy in the new phase of growth the company is entering.
As CFO, Lebeau oversees Finance, FP&A, Tax, Legal, Compliance, and M&A strategy with a team of 40, leveraging technology for improved finance processes and settling a data-driven mindset. Timms leads a global team of 10, focusing on go-to-market strategies, helping clients get more from their partnerships with a privacy-preserving approach, and driving product-driven solutions aligned with Seedtag's clients' strategic objectives.
Eric Lebeau brings Seedtag more than 18 years of experience in the logistics and shipping industry, including roles at multinational companies like DHL and GeoPost. From these positions, Lebeau acquired significant knowledge in Finance and M&A and served as CFO of the GeoPost subsidiaries in Spain (SEUR). In 2020, Lebeau entered the tech industry as CFO at Packlink, where he successfully completed the sale of the company before becoming the leader in Finance for the EMEA region at Auctane.
Lebeau says of his appointment: "I'm very excited to take my career further in the Ad-Tech industry with Seedtag. The company operates in 15 countries, with clients and teams from more than 30 different nationalities. Its diversity makes it a great place to learn from people with various perspectives and backgrounds. Joining Seedtag gives me a fantastic chance to work with young, talented people with many creative ideas. I'm genuinely inspired by how much Seedtag has already achieved, and I can't wait to help shape the company's future."
Nick Timms joins Seedtag with 15 years of experience working on both the buy-side and sell-side of the media companies MiQ, GroupM, and DailyMail. He comes with a mix of commercial and product leadership expertise. At MiQ, he served as Global Chief Commercial Strategy Officer. Before joining Seedtag, Timms worked as a consultant for the company.
Timms says of his new role: "During my 6 months of consulting with Seedtag and my regular visits to its headquarters in Madrid, I've been continuously impressed by its amazing culture and talented people. Seedtag pushes the boundaries of our industry with cutting-edge contextual capabilities. This phase in Seedtag's growth is truly unique and offers fantastic opportunities for expansion in our rapidly evolving contextual field. I'm genuinely thrilled to be part of this exciting journey with such an exceptional team."
Jorge Poyatos, Co-CEO and Co-Founder at Seedtag, commented: "I extend a warm welcome to Eric and Nick as they join our leadership team. Their diverse backgrounds and extensive experience will be invaluable as we steer Seedtag's global strategy in this exciting new phase of company expansion. I'm convinced their contribution will help us seize new growth opportunities."
advertising 16 Nov 2023
Yahoo Advertising today announced advancements in its publisher-direct offering, Yahoo Backstage, including the integration of premium publishers, such as DIRECTV, The E.W. Scripps Company, LG Ad Solutions, Mediavine, Realtor.com, TelevisaUnivision, and Warner Bros Discovery, among others. Nearly 40 of the over 100 premium publishers participating in Yahoo Backstage are Connected TV (CTV) publishers. This infusion provides advertisers with unparalleled access to a diverse range of quality media and advertising opportunities across multiple channels.
Available exclusively through the Yahoo DSP, Yahoo Backstage facilitates a direct line to curated, premium publisher inventory, enhancing engagement, brand visibility, and ROI.
Yahoo Backstage also offers a more sustainable buying practice by reducing the number of technology participants within a buy and supporting MFA-free inventory. Carbon emissions on MFA inventory are 26% higher than on non-MFA inventory, per a study from Scope3 and Eubiquity. Yahoo Backstage has recently been recognized by Jounce Media as the largest MFA-free supply source on the open Web.
We’re interested to test Yahoo Backstage to drive efficient and sustainable programmatic media,” said Kristy Conrad, Head of Programmatic at Starcom. “Premium inventory plays an extremely important role in the online experience we’re driving for our clients and customers, and Yahoo’s strong relationships with the industry’s top publishers helps us reach them effectively. It's great to see Yahoo making these strategic moves and we look forward to our continued work together."
“We know that Yahoo pays close attention to the needs of advertisers as reflected in our studies,” said Kevin Mannion, Chief Strategy Officer at Advertiser Perceptions. “Yahoo Backstage strikes us as a strong response to advertiser needs for premium, safe, and diverse inventory.”
"The growth and acceptance of Yahoo Backstage underline the impact SPO is having on the advertising industry,” said Elizabeth Herbst-Brady, Chief Revenue Officer at Yahoo. “We’re committed to enabling buying choices and fostering strong partnerships with our advertiser, publisher, and SSP partners.”
As Yahoo Backstage accelerates, advertisers and publishers gain premium access to an unparalleled platform that amplifies their reach and drives optimal outcomes.
Quotes from Yahoo Backstage Publishers:
DIRECTV:
“The supply and demand technology is changing rapidly, and as advertisers look to have more of their investment go towards working media, direct integrations to supply are increasingly important,” said Matthew Jamison, Head of Sales Partnerships at DIRECTV Advertising. “Especially where the amount of truly premium CTV inventory is finite, we are excited to work with partners like Yahoo to help us work with brands and agencies to achieve these goals.”
Mediavine:
“We are thrilled to continue our partnership with Yahoo as they transition their publisher-direct offerings to DSP only,” said Brad Hagmann, Mediavine SVP of Ad Tech. “As a longtime partner of Yahoo we look forward to our continued mutual success as Yahoo Backstage rolls out and connects advertisers with premium content in our network.”
Realtor.com:
“Yahoo has long been a partner that understands what publishers want and what advertisers need - from Yahoo ConnectID to Yahoo Backstage,” said Yi-Fang Yen, Senior Vice President, Digital Media at Realtor.com. “We’re thrilled to continue to partner and directly reach advertisers with fresh content and premier consumer engagement opportunities.”
TelevisaUnivision:
“As demand for premium CTV inventory grows, we’re looking for partners who can maximize our supply and create a trusted environment for media buys,” said Phil Lalonde, Senior Vice President, Ad Sales Operations at TelevisaUnivision. “We’re thrilled to see more partners investing in reaching the fast-growing Hispanic audience we serve and look forward to continuing our partnership with Yahoo Advertising to ensure more direct connections with Fortune 500 buyers while maintaining transparency and support."
communications 15 Nov 2023
DocuSign, the global leader in e-signature and intelligent agreements, today announced the launch of WhatsApp Delivery, allowing users to close deals faster by using the world's most popular messaging platform. The latest expansion in allowing customers to seamlessly reach signers through their preferred communication platforms, the DocuSign eSignature integration of WhatsApp sends users real-time notifications that link directly to agreements and enable quick, secure signing.
Consumers worldwide increasingly rely on their mobile devices for both personal and business communication. As consumer habits shift, speed and convenience is more important than ever before. Businesses must invest in modern, flexible solutions that expedite transactions and give signers choice in how they want to receive information and sign contracts.
"WhatsApp delivery for eSignature plays a pivotal role in DocuSign's mission to simplify the agreement process and truly enable our users to meet signers where they are, at virtually any time," said Mangesh Bhandarkar, GVP of Product Management at DocuSign. "In an era of evolving consumer preferences, DocuSign is the only provider that offers customers a true set of mobile multi-channel delivery mechanisms—whether SMS, email or messaging platforms like WhatsApp— demonstrating our commitment to create a frictionless, end-to end agreement experience that is tailored to the individual."
"At Meta, we envision a world where everyone can get business done right from their favorite messaging app. Bringing together the reliability and security of WhatsApp and the simplicity of eSignatures from DocuSign is an exciting extension of that vision," said Nikila Srinivasan, VP of Business Messaging at Meta. "We're meeting people where they are – on their phones and in their chats—and helping them to close the deals that matter most. Together with DocuSign, I'm confident that we'll be able to help people around the world get things done… faster, more securely, and better."
Key benefits of WhatsApp Delivery include:
This announcement builds on DocuSign's multi-channel delivery strategy following the introduction of SMS Delivery earlier this year. Many people are inundated with emails, resulting in slower turnaround times and lower response rates. Of all DocuSign eSignature agreements delivered via WhatsApp, more than 50% are completed in 15 minutes or less. Sharing agreements via alternate modalities can dramatically accelerate the speed of transactions, enabling signers to quickly open and electronically sign documents wherever they are.
Availability: WhatsApp Delivery will be sold globally as part of the Multi-Channel Delivery offering. This add-on will be available to eSignature customers in Standard and above.
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