I'm thrilled to share the key takeaways from the Customer Experience Foundation’s CX Retail Symposium which took place last Thursday. It featured industry leaders from Holland & Barrett, Halfords, Beauty Pie, consumer champion Martin Newman, and analyst Richard Lim. The event highlighted how digital, cloud, AI, and advanced CX applications are revolutionising customer loyalty and driving crucial CX actions. Here’s what stood out: 🔹 𝐍𝐞𝐰 𝐑𝐎𝐈 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤𝐬: Moving beyond traditional ROI models, we’re now measuring CX’s impact on brand advocacy, customer lifetime value, and social impact. This holistic approach sees CX as a future investment, fostering lasting relationships and sustainable growth. 🔹 𝐇𝐮𝐦𝐚𝐧 𝐓𝐨𝐮𝐜𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: While digital and self-service are vital, empowered employees are crucial for handling complex enquiries. A seamless digital experience is valuable, but the emotional connection of speaking with a friendly, informed human cannot be replaced. 🔹 𝐏𝐮𝐫𝐩𝐨𝐬𝐞-𝐁𝐮𝐢𝐥𝐭 𝐀𝐈: AI isn't a one-size-fits-all solution. Retailers are implementing AI-enabled applications, such as conversational AI bots in IVR, to efficiently resolve issues and direct customers. Integrating AI with behavioral science is key to effective CX. 🔹 𝐃𝐚𝐭𝐚-𝐃𝐫𝐢𝐯𝐞𝐧 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧: Retailers are leveraging data from various sources to optimise operations, predict trends, and create personalised shopping experiences. Understanding customer pain points and using data to nudge and prompt at crucial moments is a growing trend. CXFO and I feel that “Creating profitability for retailers is more complex than ever. With real-time data and AI driving the next level of personalisation, retailers are on a transformative journey that will only intensify throughout 2024. We are excited to be at the forefront of these discussions.” Read the full article here: https://lnkd.in/eTmEwaPz If you missed this event, join us at our CX AI Symposium on 4th July. Registration is now open https://lnkd.in/eTmrnA7N #CX #CXRetailSymposium #CXInnovation #DigitalTransformation #AIinRetail #DataDrivenCX #CXFO2024 #FutureOfRetail #CXAISymposium #CXFOEvents
Keith Gait MBA CCXP’s Post
More Relevant Posts
-
Step into 2025 with a winning CX strategy! As customer expectations surge and AI reshapes engagement, Conectys empowers brands to thrive with next-gen personalization, predictive insights, and human-centered services. The new year brings fresh opportunities—partner with Conectys to outpace your competition and deliver unforgettable experiences that build trust and loyalty. Ready to lead the CX evolution in 2025?
A change is in the air. CX is transforming, with AI leading the way. It's a driving force 🤖 shaping the future of customer experience strategies. Consequently, we're entering an era of rapidly improving efficiencies, optimised consumer engagement, and service delivery redefined—at lightning speed. 🚀⚡ However, that's not all. Trends like omnichannel consistency, enhanced data privacy 🔐, trust-building initiatives 💡, and advanced CX measurement methods 📊 are also evolving and gaining prominence. Together, these elements are reshaping the CX landscape. They will also dominate in the years to come. 🌍 Yet, as technology evolves, a critical question remains: What happens to the human element? 👩💼👨💼 Despite the debate, AI isn't here to replace people. Instead, it's empowering agents to be more efficient and effective, improving the quality of interactions and making them more personalised. Get ready for what's next in CX. 👉 Read more: https://hubs.ly/Q031FgCB0 #CX2025 #CustomerExperience #CXTrends #CXStrategy
To view or add a comment, sign in
-
Are You Truly Seducing Your Customers or Just Going Through the Motions? In today's fast-paced digital world, businesses are increasingly pressured to stand out. Developing a Customer-Seduction model isn't just a nice-to-have; it's essential to your long-term success. But how can you make it sustainable? The magic lies in blending data, artificial intelligence, and a solid business culture. 🌟🚀 Recent studies have shown that businesses focusing on customer experience (CX) can decrease customer churn by 10-15%, increasing revenue by 20-30%! 🎯 This shows a clear pathway to growth through a customer-centric, or should I say, customer-seductive business model. 🚀Boost Your Business with Data and AI: 1. 64% of businesses using AI report positive CX impacts. 2. Companies that leverage customer data see a 20-40% increase in sale efficiencies. 3. 58% of consumers say AI-driven customer experiences win their loyalty. 4. 89% of companies compete primarily on CX now. 5. Predictive analytics can reduce churn by 15-20% immediately. 🏆 5 Key Insights to Build Customer-Seduction Culture: - Leverage Data: Use customer data to personalize interactions. - Incorporate AI: Automate routine tasks to focus on exceptional customer service. - Foster a Strong Culture: Create an environment where employees are committed to seducing customers. - Be Predictive: Utilize predictive analytics to foresee and cater to customer needs. - Keep Innovating: Continuously adapt your strategies based on feedback and market trends. By adopting these techniques, you'll transform your customer experience from good to irresistible. So, what are you waiting for? Share your experiences below and let's get the conversation going. And don’t forget to follow AnniQ for more tips! 🌟💬 #Hotels #Hospitality #Luxury #Strategy #Innovation #Business #ArtificialIntelligence #AnniQ AnniQ - Customer-Centric Ecosystem Let's talk 📧: hello@anniq.ai 🗨️: https://bit.ly/4dks76m 🏠: https://anniq.ai 📱: +44 7537 188583
To view or add a comment, sign in
-
A change is in the air. CX is transforming, with AI leading the way. It's a driving force 🤖 shaping the future of customer experience strategies. Consequently, we're entering an era of rapidly improving efficiencies, optimised consumer engagement, and service delivery redefined—at lightning speed. 🚀⚡ However, that's not all. Trends like omnichannel consistency, enhanced data privacy 🔐, trust-building initiatives 💡, and advanced CX measurement methods 📊 are also evolving and gaining prominence. Together, these elements are reshaping the CX landscape. They will also dominate in the years to come. 🌍 Yet, as technology evolves, a critical question remains: What happens to the human element? 👩💼👨💼 Despite the debate, AI isn't here to replace people. Instead, it's empowering agents to be more efficient and effective, improving the quality of interactions and making them more personalised. Get ready for what's next in CX. 👉 Read more: https://hubs.ly/Q031FgCB0 #CX2025 #CustomerExperience #CXTrends #CXStrategy
To view or add a comment, sign in
-
How Customer Behavior Has Changed After COVID-19 The COVID-19 pandemic has reshaped the landscape of customer behavior in profound ways. As we transition into a post-pandemic world, understanding these changes is crucial for businesses aiming to thrive in the new normal. 🔍 Shift to Digital: Customers are now more comfortable with online interactions, having relied heavily on digital channels during lockdowns. E-commerce, virtual consultations, and digital customer service have risen significantly. 💡 Increased Expectations: With more digital interactions, customers expect faster responses and personalized experiences. AI-powered chatbots and advanced customer service platforms are no longer optional but essential. 🛒 Omnichannel Experience: Customers prefer a seamless experience across all touchpoints. Whether in-store, online, or via social media, consistency is critical to maintaining customer satisfaction and loyalty. In a world where 39% of consumers have less patience than they did before the pandemic (Netomi), quick and efficient customer service is essential. CX Genie's AI Chatbots provide instant, personalized responses, ensuring your customers get the support they need without the wait. 🔗Join our Discord community for more insights on leveraging AI for better customer experiences: https://lnkd.in/giZ_YUFW. #AIChatbots #CXGenie #CustomerExperience #CustomerService #AI
To view or add a comment, sign in
-
Get ready for #Five9 CX Summit 2024! 🚀 At this year's event, Five9 is excited to announce speakers that include CX leaders from Alaska Airlines, BT Group, Deloitte, The Ivy Collection, Nasdaq, ServiceNow, as well as First Female NFL Coach Dr. Jen Welter, PGA TOUR Pro Max Homa, and The Daily Beast Chief Content Officer Joanna Coles. Learn fresh perspectives and best practices for revolutionizing the customer experience, while diving into the transformative power of AI. This event is not just about learning — it's about inspiring action and collaboration. Learn more: #Five9CXSummit #TheNewCX #CX #AI
To view or add a comment, sign in
-
Get ready for #Five9 CX Summit 2024! 🚀 At this year's event, Five9 is excited to announce speakers that include CX leaders from Alaska Airlines, BT Group, Deloitte, The Ivy Collection, Nasdaq, ServiceNow, as well as First Female NFL Coach Dr. Jen Welter, PGA TOUR Pro Max Homa, and The Daily Beast Chief Content Officer Joanna Coles. Learn fresh perspectives and best practices for revolutionizing the customer experience, while diving into the transformative power of AI. This event is not just about learning — it's about inspiring action and collaboration. Learn more: #Five9CXSummit #TheNewCX #CX #AI
Five9 Announces CX Summit Barcelona 2024 | Five9
five9.com
To view or add a comment, sign in
-
📰 News: 📰 🌟 Embrace a Customer-Centric Retail Revolution! 🌟 Welcome to the era where customers are the kingmakers of the retail world. Did you know that customer-centric companies are 60% more profitable than those that aren't? 😮 The secret sauce? Leveraging data and artificial intelligence -AI- to craft unparalleled customer experiences that not just satisfy but delight! 🌐 Here's why being Customer-Centric can skyrocket your retail business: Building a customer-centric culture not only improves the customer journey but significantly impacts key metrics like frequent purchases and average purchase tickets. In fact, a study shows that businesses focused on customer experience see a 1.7x higher purchase ticket and up to a 2.7x increase in purchase frequency. 📈🚀 Utilizing data and AI allows you to understand your customer's needs, preferences, and pain points better, making your interactions meaningful and your services indispensable. It's not just about selling; it’s about building lifelong relationships. 💡❤️ 📊 Key Metrics to Consider: - Customer-centric companies are 60% more profitable. - Businesses with a strong customer experience strategy see a 1.7x increase in average purchase tickets. - Retailers focusing on customer experience can witness a 2.7x increase in purchase frequency. - 89% of companies compete primarily on customer experience. Want to learn more about how we can help you make your business more customer-centric? Drop a comment below and let’s kickstart the conversation! And hey, don’t forget to follow AnniQ for more transformative insights. -CustomerCentric -RetailRevolution -AI -DataDriven -CustomerExperience -AnniQ 🚀🌟 #Retail #Ecommerce #Commerce #Business #AIDriven #Digital #AI #Strategy #Innovation #ArtificialIntelligence #AnniQ https://lnkd.in/eJ94W2Mt
To view or add a comment, sign in
-
Get ready for #Five9 CX Summit 2024! 🚀 At this year's event, Five9 is excited to announce speakers that include CX leaders from Alaska Airlines, BT Group, Deloitte, The Ivy Collection, Nasdaq, ServiceNow, as well as First Female NFL Coach Dr. Jen Welter, PGA TOUR Pro Max Homa, and The Daily Beast Chief Content Officer Joanna Coles. Learn fresh perspectives and best practices for revolutionizing the customer experience, while diving into the transformative power of AI. This event is not just about learning — it's about inspiring action and collaboration. Learn more: #Five9CXSummit #TheNewCX #CX #AI
Five9 Announces CX Summit Barcelona 2024 | Five9
five9.com
To view or add a comment, sign in
-
Get ready for #Five9 CX Summit 2024! 🚀 At this year's event, Five9 is excited to announce speakers that include CX leaders from Alaska Airlines, BT Group, Deloitte, The Ivy Collection, Nasdaq, ServiceNow, as well as First Female NFL Coach Dr. Jen Welter, PGA TOUR Pro Max Homa, and The Daily Beast Chief Content Officer Joanna Coles. Learn fresh perspectives and best practices for revolutionizing the customer experience, while diving into the transformative power of AI. This event is not just about learning — it's about inspiring action and collaboration. Learn more: #Five9CXSummit #TheNewCX #CX #AI
Five9 Announces CX Summit Barcelona 2024 | Five9
five9.com
To view or add a comment, sign in
-
Get ready for #Five9 CX Summit 2024! 🚀 At this year's event, Five9 is excited to announce speakers that include CX leaders from Alaska Airlines, BT Group, Deloitte, The Ivy Collection, Nasdaq, ServiceNow, as well as First Female NFL Coach Dr. Jen Welter, PGA TOUR Pro Max Homa, and The Daily Beast Chief Content Officer Joanna Coles. Learn fresh perspectives and best practices for revolutionizing the customer experience, while diving into the transformative power of AI. This event is not just about learning — it's about inspiring action and collaboration. Learn more: #Five9CXSummit #TheNewCX #CX #AI
Five9 Announces CX Summit Barcelona 2024 | Five9
five9.com
To view or add a comment, sign in
Practitioner @ Sutherland Labs | Industry Advocate | Office of Sustainability
7moSounds interesting.