80%. That’s the percentage of marketing decision-makers who say customer experience is a top priority . And yet, after analyzing research conducted over the past few years, Shar VanBoskirk, principal analyst at Forrester, realized that customer experience strategy is failing to achieve its goals.
“Most companies have no idea if they are creating philippines number code value for their customers. They can focus on customer experience all they want, but without focusing on customer value, even a good customer experience doesn’t add value,” VanBoskirk writes. The average consumer sees over 5,000 ads per day Marketing is getting a makeover. Traditional return on investment (ROI) is being replaced by return on experience (ROX) as more companies realize the benefits of creating superior customer experiences through what’s known as “experiential marketing.” As people, we remember experiences more and are impacted by them far more than digital forms of advertising. With this in mind, companies are turning to emerging technologies to stay competitive and deliver exceptional experiences to their customers. One such technology that is helping to digitally transform the customer experience is artificial intelligence .
Why Customer Experience is So Important
You may be wondering why customer experience is so important? First, let’s go back to the earliest business models in human history. In ancient history, bazaars were some of the first storefronts that civilizations saw. People frequented these stores not only for the goods sold, but also for the service and friendly interactions that came from the store owner. It’s really about how a business makes a person feel the way they feel and keeps them coming back for more. This is where we start to see the development of what is now called “brand loyalty,” but is better known simply as repeat customers.
How to Create a 5-Star Customer Experience with Artificial Intelligence
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