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 Consumers Demand Tech Investments to Fix Failing Customer Experiences

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Consumers Demand Tech Investments to Fix Failing Customer Experiences

Consumers Demand Tech Investments to Fix Failing Customer Experiences

Business Wire

Published on : Feb 19, 2025

New research from Pegasystems and YouGov highlights growing consumer frustration with outdated, siloed technology that negatively impacts customer experience. 77% of consumers believe businesses should invest in improving interactions, but many feel companies prioritize profits over IT modernization.

Findings from the Study

Customer Experience Is Declining

  • 56% of consumers say interacting with businesses today is worse than 10 years ago.

Slow, Inefficient Customer Service

  • 63% cite long wait times as their top frustration.
  • 51% say repeating information to multiple agents is a major issue.
  • 40% report agents lack necessary information due to disconnected systems.

Technical Failures Frustrate Consumers

  • 29% say agents blame system outages for poor service.
  • 28% experience slow or crashing websites/apps during interactions.

Bad Experiences Drive Customers Away

  • 48% warn others about poor service.
  • 37% switch to competitors offering better service.

The Cost of Technical Debt

A global Protiviti survey of C-level executives found that 70% see technical debt as a major innovation barrier. In the U.S. alone, managing legacy systems costs an estimated $2.41 trillion annually.

Pega’s Take on the Issue

"Businesses must address technical debt and leverage AI-driven solutions like Pega GenAI Blueprint™ to modernize inefficient systems," said Don Schuerman, CTO, Pega. "Failing to act risks both customer satisfaction and brand reputation."

As consumer demands rise, businesses need to prioritize AI-driven modernization to enhance efficiency, engagement, and customer loyalty in the digital age.