{"id":29922,"date":"2017-10-24T09:49:27","date_gmt":"2017-10-24T01:49:27","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=29922"},"modified":"2017-10-24T09:54:13","modified_gmt":"2017-10-24T01:54:13","slug":"a-i-now-fueling-customer-experience-strategies-of-worlds-top-brands","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2017\/10\/24\/a-i-now-fueling-customer-experience-strategies-of-worlds-top-brands\/","title":{"rendered":"A.I. now fueling customer experience strategies of world\u2019s top brands"},"content":{"rendered":"<p class=\"yiv6451403581MsoNormal\"><strong><span lang=\"EN-US\">A global survey of more than 550 senior executives across 30 countries and territories reports that 91 percent of \u201ciconic\u201d companies\u00a0<\/span>\u2014<span lang=\"EN-US\">\u00a0those that maintain both the highest levels of\u00a0<\/span><a href=\"http:\/\/www.genesys.com\/omnichannel\/customer-experience\" target=\"_blank\" rel=\"nofollow noopener\"><span lang=\"EN-US\">customer experience<\/span><\/a><span lang=\"EN-US\">\u00a0(CX) satisfaction and have world-leading brand recognition\u00a0<\/span>\u2014\u00a0<span lang=\"EN-US\">deploy\u00a0<\/span><a href=\"http:\/\/www.genesys.com\/omnichannel\/meet-kate\" target=\"_blank\" rel=\"nofollow noopener\"><span lang=\"EN-US\">Artificial Intelligence (AI) solutions<\/span><\/a><span lang=\"EN-US\">\u00a0to increase customer satisfaction, compared to 42 percent of companies in their fields overall.<\/span><\/strong><u><\/u><u><\/u><\/p>\n<div id=\"attachment_29923\" style=\"width: 760px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.upgrademag.com\/web\/wp-content\/uploads\/2017\/10\/AI-1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-29923\" class=\"size-full wp-image-29923\" src=\"http:\/\/www.upgrademag.com\/web\/wp-content\/uploads\/2017\/10\/AI-1.jpg\" alt=\"\" width=\"750\" height=\"520\" srcset=\"http:\/\/www.upgrademag.com\/web\/wp-content\/uploads\/2017\/10\/AI-1.jpg 750w, http:\/\/www.upgrademag.com\/web\/wp-content\/uploads\/2017\/10\/AI-1-300x208.jpg 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><p id=\"caption-attachment-29923\" class=\"wp-caption-text\">IMAGE FROM <a href=\"https:\/\/pixabay.com\/en\/digitization-null-one-binary-system-2170799\/\">PIXABAY.COM<\/a><\/p><\/div>\n<p class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">The new report from MIT Technology Review is sponsored by\u00a0<\/span><a href=\"http:\/\/www.genesys.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><span lang=\"EN-US\">Genesys<\/span><\/a><span lang=\"EN-US\">\u00a0and called\u00a0<\/span><a href=\"http:\/\/www.genesys.com\/about\/resources\/how-to-be-a-customer-experience-leader-getting-to-iconic?utm_campaign=NA_2017_MIT_Report_Getting_to_Iconic&amp;cid=7010B000001SGkE&amp;prc=2017_Q4_NA_Web_MIT_GettingToIconic-PR&amp;utm_content=pressrelease\" target=\"_blank\" rel=\"nofollow noopener\"><i><span lang=\"EN-US\">Getting to Iconic<\/span><\/i><\/a><span lang=\"EN-US\">. It reveals iconic firms are more likely to recognize that\u00a0<\/span><a href=\"http:\/\/www.genesys.com\/about\/webinars\/meet-kate-and-discover-blended-ai-by-genesys?cid=7010B000001gJcq\" target=\"_blank\" rel=\"nofollow noopener\"><span lang=\"EN-US\">automated AI tools<\/span><\/a><span lang=\"EN-US\">\u00a0are most effective when they supplement and extend the capabilities of their customer support team, rather than replace human investment. As so, 60 percent of survey respondents felt they had the right mix of \u201clive\u201d and automated customer communication channels, compared to only 26 percent of the poor performers and 40 percent overall.<\/span><u><\/u><u><\/u><\/p>\n<p class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">Furthermore, the report concludes that iconic companies are using AI for more than just chatbots. Most respondents indicate AI is guiding their customer analytic capabilities.\u00a0The report noted\u00a0that optimizing tools, applications and operational processes to engage with customers across every stage of their shared journey has always been a core growth strategy for successful global firms. This has only accelerated with the advance of technologies such as big data analytics, which turns customer information into predictive assets, and virtual assistants, which help firms more efficiently manage customer inquiries.<\/span><u><\/u><u><\/u><\/p>\n<p class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">Iconic companies are also nearly three times as likely to consider leadership in technology adoption as a crucial component of maintaining customer experience excellence. In contrast, only half of firms with low levels of customer experience satisfaction and low brand recognition currently employ enabling technologies\u00a0<\/span>\u2014<span lang=\"EN-US\">\u00a0and ten percent have no intention of doing so.\u00a0<\/span><u><\/u><u><\/u><\/p>\n<p class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">\u201cThis research confirms what we anticipated \u2013 AI will be crucial in taking customer satisfaction to new levels,\u201d said Merijn te Booij, chief marketing officer at Genesys. \u201cWe\u2019re excited that\u00a0<\/span><a href=\"http:\/\/www.genesys.com\/omnichannel\/meet-kate\" target=\"_blank\" rel=\"nofollow noopener\"><span lang=\"EN-US\">Kate, our new customer experience AI,<\/span><\/a><span lang=\"EN-US\">\u00a0will enable a smooth and contextual handoff between bots and humans. The combined power of automation with the finesse of the human touch across the enterprise delivers the kind of blended AI solution every customer experience leader needs today.\u201d<\/span><u><\/u><u><\/u><\/p>\n<p class=\"yiv6451403581MsoNormal\"><i><span lang=\"EN-US\">Getting to Iconic<\/span><\/i><span lang=\"EN-US\">\u00a0includes the wide global survey and case studies from CX leaders such as Alibaba, BT Global Services, Lexus, Nubank, Uber, and Zurich Insurance. Other findings of\u00a0<i>Getting to Iconic<\/i>\u00a0indicate:<\/span><u><\/u><u><\/u><\/p>\n<ul type=\"disc\">\n<li class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">Nearly 90 percent of respondents from iconic companies felt they were adept at managing customer experience from an omnichannel perspective. This figure drops to 75 percent for all responses, and 66 percent among the poor performance cohort.<\/span><u><\/u><u><\/u><\/li>\n<li class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">Iconic companies take a much more active role in managing their ecosystem. They are more than twice as likely as average companies to require that their ecosystem partners adhere to their CX standards, and nearly three times more likely to have their customer experience systems integrated with partners.<\/span><u><\/u><u><\/u><\/li>\n<li class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">That said, a third of iconic companies indicate that they do not actively share their customer insights across their ecosystem, much higher than the average. Iconic companies recognize the competitive advantages of unique customer insight.\u00a0<\/span><u><\/u><u><\/u><\/li>\n<li class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">Corporate Social Responsibility (CSR) is also a differentiator for iconic companies: 75 percent indicate it is one of the most important components of their brand value, compared to 21 percent among low-performing companies.<\/span><u><\/u><u><\/u><\/li>\n<\/ul>\n<p class=\"yiv6451403581MsoNormal\">&#8220;The leaders of iconic companies know that they also have to be leaders in customer experience technology investment,&#8221; said Elizabeth Bramson-Boudreau, CEO and publisher at MIT Technology Review. &#8220;But they also know that over-reliance on technology in search for efficiency gains can reduce, rather than increase, the levels of customer intimacy required for success.&#8221;<u><\/u><u><\/u><\/p>\n<p class=\"yiv6451403581MsoNormal\">Bramson-Boudreau added:<i>\u00a0<\/i>&#8220;Iconic firms, realizing the limitations of a technology-centric approach to maintaining desired customer management levels, place a high value on human capital investment, and are keen to strike the right balance between human and automated customer channels.&#8221;<u><\/u><u><\/u><\/p>\n<p class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">Overall,\u00a0<i>Getting to Iconic<\/i>\u00a0determines iconic companies are much more advanced in their deployment of leading customer experience technologies, including the use of emerging AI applications. They are also much more able to follow customers across all channels, and manage customer experience levels across their extended ecosystem.<\/span><u><\/u><u><\/u><\/p>\n<p class=\"yiv6451403581MsoNormal\"><span lang=\"EN-US\">The full\u00a0<i>Getting to Iconic<\/i>\u00a0report is available now.\u00a0<\/span><a href=\"http:\/\/www.genesys.com\/about\/resources\/how-to-be-a-customer-experience-leader-getting-to-iconic?utm_campaign=NA_2017_MIT_Report_Getting_to_Iconic&amp;cid=7010B000001SGkE&amp;prc=2017_Q4_NA_Web_MIT_GettingToIconic-PR&amp;utm_content=pressrelease\" target=\"_blank\" rel=\"nofollow noopener\"><span lang=\"EN-US\">Download your copy here<\/span><\/a><span lang=\"EN-US\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A global survey of more than 550 senior executives across 30 countries and territories reports that 91 percent of \u201ciconic\u201d companies\u00a0\u2014\u00a0those that maintain both the highest levels of\u00a0customer experience\u00a0(CX) satisfaction and have world-leading brand recognition\u00a0\u2014\u00a0deploy\u00a0Artificial Intelligence (AI) solutions\u00a0to increase customer satisfaction, compared to 42 percent of companies in their fields overall.<\/p>\n","protected":false},"author":6,"featured_media":29923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[4751,853,96],"class_list":["post-29922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-ai","tag-artificial-intelligence","tag-technology"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/29922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=29922"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/29922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/29923"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=29922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=29922"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=29922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}