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Ace Hardware stores didn’t stop with being world-class in the home improvement industry. They wanted to go beyond their own industry. They became so good that other companies, completely unrelated to the hardware and home improvement industry, wanted to learn their secrets. . I now want you to think outside your industry.
Frank Sherlock, CallMiner's VP of International, explores how data and technology can help overcome challenges faced in the credit and collections industry.
2024 marks a significant year for the tech industry, as it navigates through economic turbulence. This blog top looks at trends shaping CX in tech and the role of AI in harnessing these opportunities.
Why is meeting or exceeding customer expectations important in the hospitality industry? For example, in the hospitality industry, sustainability is a significant factor in customer experience and decision-making. Plus, Ronn shares how he got into hospitality and his advice to anyone who wants to get into the industry.
Artificial intelligence (AI) adoption has risen dramatically in the customer service industry over the last few years. But many contact centers have yet to implement AI. In this eBook, we give an introduction to how customer service leaders are using AI to improve their customer experience.
In CallMiner’s continued work with mortgage lenders and financial institutions, we’ve identified four key use cases for conversation intelligence technology. Read this blog for more.
In this blog post, we demonstrate prompt engineering techniques to generate accurate and relevant analysis of tabular data using industry-specific language. A user can ask a business- or industry-related question for ETFs. The results are similar to fine-tuning LLMs without the complexities of fine-tuning models.
What lessons can businesses learn from the hospitality industry? Kindness can be the golden rule in any industry. ” About: Michael Cecchi-Azzolina has nearly forty years of experience in the restaurant and hospitality industry. Why is emotional connection important in business? Authentic leaders can transform a business.
These days are fading as conversational AI reimagines customer experiences across industries. Industry Impacts: Transformation in the Real World Retail: Your New Digital Shopping Concierge Conversational AI is improving the buying process for e-commerce brands. Have you ever spent 45 minutes on hold just to ask a simple question?
Dive deep into the world of customer service and CX, and discover key insights and trends shaping the industry today According to our report with insights from CX expert Shep Hyken, customer expectations are at an all-time high, and there’s a bigger shift toward self-service and leveraging AI capabilities.
Staying competitive means focusing on: Seamless AI and human integration Workforce optimization and strategic outsourcing Data-driven insights for proactive engagement Christa Heibel is an industry insider, thought leader, change maker, and the Founder and CEO at CH Consulting Group.
Short of direct feedback, which in my opinion is still the best way to learn if your customers love you (or not), read competitor reviews on their websites or in the B2B world and partake in industry forums to find out what customers are saying about the companies they do business with.
Vicki Brackett is a contact center industry veteran, a long time CCNG member and regular contributor in member programs and events. Whether your organization prioritizes speed, process, or risk management, with the right tools, your contact center can move beyond outdated document holders and into a future of efficiency and engagement.
Improving patient experience is a key focus for global healthcare organizations in 2025. This blog explores key trends and challenges shaping healthcares use of AI to impact patient outcomes.
In the contact center industry, first-generation digital channels like email and web chat have seen significant adoption, along with video chat and co-browsing capabilities. However, customers are rapidly moving beyond these channels, seeking next-generation options. Social platforms are now becoming mainstream contact center channels.
In both B2B (business-to-business) and B2C (business-to-consumer) industries, customers expect seamless and convenient experiences. They are comparing you to the best customer experiences they have had from brands in every industry. Since we are all customers, B2C interactions often serve as a benchmark for B2B expectations.
But despite the growing demand for connection and deeper learning, the industry is missing the mark. In an industry that prides itself on being people-centric, the irony is glaring. With over two decades of experience, Justin has helped organizations across industries turn their CX strategies into powerful engines for growth.
“Nice to have” industries like online retailers, hospitality, and airlines must invest more in experience to establish trust and loyalty with their customers. She produces industry-leading content on experience management trends and best practices, including the 2025 Consumer Trends Report. Customer loyalty is fragile.
3 Winning Brands, 3 Unique Approaches to Member Retention by Josh Liberatore (Athletech News ) ATN breaks down how three top brands across different sectors of the industry boutique fitness, big-box gyms and luxury lifestyle are winning members over by creating a special and unique atmosphere. Back to Basics: What Is Customer Experience?
NobelBiz Ebook: STIR/SHAKEN for Call centers: How STIR/SHAKEN came to be and the legislation mandating it How STIR/SHAKEN impacts the contact center industry What is STIR/SHAKEN and how attestation works
While he’s in the hospitality industry, this could apply to any type of business. I think you’ll agree that you don’t have to be in the hotel or hospitality industry to benefit from answering these questions. One of our faithful subscribers sent in a question. It could be an isolated incident, which is easy to fix.
How Consumer Feedback Shapes Customer Experience by Jessica Aleman (FocusGroups.org) Today’s competitive business landscape highlights customer experience as a crucial differentiator across industries. I always suggest looking outside of your industry to get ideas on how to be more competitive within your industry.
Are we challenging outdated assumptions about whats possible in our industry? With over two decades of experience, Justin has helped organizations across industries turn their CX strategies into powerful engines for growth. What opportunities are we missing by sticking to whats always worked?
Customer Service Statistics By Interaction, Experiences, Channels, Quality Control, Representative, Industries, Social Media And Investments by Saisuman Revankar (Coolest Gadgets) Customer Service Statistics: Customer service plays a big role in making a business successful.
Leveraging research and commentary from industry analysts, this eBook explores how your sales team can get back valuable time by overcoming some pain points with your CRM, such as low adoption rates, integrations, and data quality.
This article includes 15 ideas from nine industry experts. Todays All-Star line-up is stacked with industry leaders who have seen it all: the good, the bad, and the ugly. This time, we get lessons from leaders from all types of businesses and industries. Perhaps he will do a Part Two or follow-up article later this year.
Experts across the industry forecasted significant advancements in AI, personalization, self-service, immersive technologies, and omnichannel strategies. Lets dive into which predictions materialized, based on insights shared by industry leaders.
” “A gauntlet has been thrown at the feet of the contact center industry. .” “The role of the contact center agent in the future is to become brand ambassadors whose job is to create revenue and retain customers.” That gauntlet is a challenge for us to deliver experiences that people actually love.”
Magazine) Giving back has become a central priority for business leaders across industries. Heres How by Rhys Fisher (CX Today) The autonomous capabilities of agentic AI are tailor-made for an industry that has been trying to embrace more cost-effective, efficient, and human-like artificial methods to communicate with customers for decades.
Multiple industry studies confirm that regardless of industry, revenue, or company size, poor data quality is an epidemic for marketing teams. As frustrating as contact and account data management is, this is still your database – a massive asset to your organization, even if it is rife with holes and inaccurate information.
That can become a compliance challenge for industries like healthcare, financial services, insurance, and more. Cognigy is revolutionizing the customer service industry by providing a cutting-edge AI Agent platform for voice and chat. It’s a preview of progress; we have lots of work to do on robustness and truthfulness.”
” “Customer and employee expectations are changing across all industries. As a business with a buyer and seller relationship, listen and try to understand where the customers are in their journey, what’s gone wrong, and how you can support the employees helping them.”
How 5 Brands Use Relationship Marketing to Create Loyal Customers by Industry Dive (Industry Dive) Nearly 70% of consumers will pay more for brands that they love. Empower me, know me, reach me, and delight me… These are the elements of a great personalization strategy. That is the epitome of successful relationship marketing.
Labor Shortages and Rising Interaction Volumes The contact center industry has long struggled with high attrition rates, but since 2022, these rates have surged to an average of 31%. Cognigy is revolutionizing the customer service industry by providing a cutting-edge AI Agent platform for voice and chat.
With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”. Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment.
Quotes: “Because many customer experiences are now digital, you’re not just competing with others in your industry. You’re up against companies that are the gold standard, like Amazon. To build unbreakable relationships, you must meet and exceed those high expectations.”
Regularly assess your internal processes and external industry trends to identify areas where you can improve. It also trains employees to implement structured processes that ensure that the consistency and quality of service remain excellent. Adopting a mindset of continuous improvement prepares companies for future challenges.
This episode of Amazing Business Radio with Shep Hyken answers the following questions and more: What Disney customer experience principles can be applied to enhance customer service in other industries? How can businesses create an emotional connection with customers?
Despite the increase in CX spending from $7 billion to $12 billion in 2023, Net Promoter Scores are still declining across industries. It can analyze behavior patterns and predict trends that help businesses preempt customer issues, and enhance customer satisfaction.
Go-to-market teams of every size, in every industry, are grappling with these challenges firsthand. Longer sales cycles. Increasingly discerning buyers. More meetings. Intensifying competition. Economic uncertainty. Thankfully, there’s an answer.
For a more detailed analysis, be sure to download our comprehensive white paper and industry report. Common CX Pain Points Across various industries, businesses encounter recurring challenges in their customer experience operations. This can strain support teams, lead to long wait times, and increase the risk of customer churn.
Let’s consider imitation, but let’s imitate a company that is outside of our industry. I recently did an informal poll on LinkedIn and asked: Which company’s customer service approach would you want your businesses to be like? I love discussing the companies we love to do business with outside of our own industries, and that’s why.
Customers don’t just compare you to other companies within your industry. Plus, Shep and Jason talk about the NPS leaders in various industries, including automotive, groceries, airlines, and more. When they create this new way in an industry with a lot of headroom, they will win.”
Top Takeaways: Customer feedback is crucial for businesses of all industries. Feedback devices can be especially beneficial for retail, healthcare, and industries where customer experience directly impacts revenue. ” About: Miika Mäkitalo is the CEO of HappyOrNot.
Get case studies of self-service platforms across industries. Learn how offering self-service improves the customer experience. Learn about different self-serve channels and how to implement them. Find best practices for using answers to find customers.
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