The Future of Customer Experience: Embrace Change or Face Extinction
Forbes2 weeks ago
1040

The Future of Customer Experience: Embrace Change or Face Extinction

CUSTOMER SERVICE TIPS
customerexperience
ai
customerservice
innovation
cx
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Summary:

  • 60% of consumers report better customer service experiences than last year

  • 82% are generally satisfied with the customer service they receive

  • Contact Center Week (CCW) saw a 25% growth in attendance, highlighting the importance of CX

  • AI is transforming training and customer service, but trust and accuracy remain concerns

  • ROI is key for securing funding for CX and AI initiatives

  • Adapt or risk extinction—companies must embrace change to stay competitive

The Evolution of Customer Experience (CX)

Depending on which studies you read, customer service and CX are either improving or declining. Our research indicates that 60% of consumers had better customer service experiences than last year, with 82% generally satisfied with the service they receive. Yet, some argue that customer service is worse than ever. Despite this, more companies are investing in CX improvements, with varying degrees of success.

The Growing Importance of CX Conferences

Last month, Contact Center Week (CCW), the world’s largest CX conference, saw a record attendance of over 5,000 people from 1,382 companies, marking a 25% growth from the previous year. This event highlighted the latest in CX solutions and strategies, with a strong focus on AI advancements.

Key Takeaways from CCW

AI for Training

Becky Ploeger of Hilton shared how they use AI to create micro-lessons for employee training, simulating real customer issues to enhance learning.

Trust in AI

While excited about AI, there's trepidation about its accuracy. Ploeger noted, "We have years of experience with agents but only six months with agentic AI."

The Cost of AI Mistakes

Gadi Shamia of Replicant pointed out that while AI errors can cost companies, so can poor experiences with live agents. The key is to measure more than just bad experiences.

Investing in AI

Mariano Tan of Prosodica emphasized that ROI is crucial for funding CX initiatives. "Nothing gets funded without a clear business case," he said.

Embracing Change

Neil Gibson of FedEx quoted founder Fred Smith: "If you don’t like change, you’re going to hate extinction." This underscores the need to adapt or risk falling behind.

Businesses must keep up with latest technologies or face extinction.

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