secret sauce for superior customer experience -infographic by rapidvalue

1
Source: Gallup Survey Source: IDC SECRET SAUCE FOR SUPERIOR CUSTOMER EXPERIENCE Customer experience is the new currency driving loyalty 5 ways to win the customer experience battleground Listen and learn from your customers 45% of in-store consumers turn to social platforms on their mobile device to influence buying decisions. 88% of retailers have issues generating actionable insights from the data. Did you know? 1. Listen and learn from your customers 2. Analyze data in real-time 3. Get more personal with personalization Analayze data in real-time Get more personal with personalization Customer engagement starts with employee engagement Optimize omni-channel experience 50% of product investments will be redirected to customer experience innovations by 2017. (Source: Gartner) 81% customers are willing to pay more for a superior customer experience. (Source: Oracle Corp) 80% of your company’s future revenue will come from just 20% of your existing customers. (Source: Gartner) 50% 81% 80% 1 2 3 4 5 Tell their friends Customers who would recommend a company that delivers a relevant customer experience. 58% Switch to a competitor Customers who stopped doing business with a company after a negative customer experience. 89% Consider purchasing again Consumers who would expand their purchases if they had a superior customer experience. 73% 6 Key areas real-time data analytics can help with Customer insights 01 03 04 06 Portfolio rationalization Marketing expansion Pricing decisions 4. Customer engagement starts with employee engagement 5. Optimize omni-channel experience 4 ways to optimize customer experience across all channels: For every 10% increase in employee engagement levels, a company’s customer service levels go up by 5%. Omni-channel customers have 30% higher lifetime value than single channel shopper and spend 15-30% more than traditional shopper. Empower employees with relevant information and modern tools Supply regular motivation feedback Enable employees to work and interact anytime, anywhere Create self-directed employee networks Drive employee productivity through gamification 02 05 Brand and product management Operating model optimization Recommend products based on past purchases Target and re-target right customer at the right time Promote the right product mix to drive purchases across channels Tailor marketing campaigns and improve customer loyalty 73% of customers prefer personalized shopping experiences. (Source: SAP) (Source: Econsultancy) Integrate inventory and order management RapidValue is a leading provider of end-to-end mobility, Omni-channel, IoT and cloud solutions to enterprises worldwide. Armed with a large team of experts in consulting, UX design, application development, testing along with experience delivering global mobility Website: www.rapidvaluesolutions.com Call us: +1 877.643.1850 Email us: [email protected] Replace legacy systems with modern retail technology Gain better insights into cross-channel customer behavior Consolidate customer data across channels

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Page 1: Secret sauce for superior customer experience -infographic by RapidValue

Source: Gallup Survey

Source: IDC

SECRET SAUCE FOR

SUPERIOR CUSTOMER

EXPERIENCE

Customer experience is the new currency driving loyalty

5 ways to win the customer experience battleground

Listen and learn from

your customers

45% of in-store consumers

turn to social platforms

on their mobile device to

influence buying

decisions.

88% of retailers have issues generating actionable insights from the data.

Did you know?

1. Listen and learn from your customers

2. Analyze data in real-time

3. Get more personal with personalization

Analayze datain real-time

Get morepersonal with

personalization

Customerengagement starts

with employeeengagement

Optimizeomni-channel

experience

50% of product investments

will be redirected to customer

experience innovations by 2017.

(Source: Gartner)

81% customers are willing to

pay more for a superior customer

experience.

(Source: Oracle Corp)

80% of your company’s future

revenue will come from just 20%of your existing customers.

(Source: Gartner)

50% 81% 80%

1 2 3 4 5

Tell their friends

Customers who would recommend a companythat delivers a relevant customer experience.

58%

Switch to a competitor

Customers who stopped doing business with a company after a negative customer experience.

89%

Consider purchasing again

Consumers who would expand their purchasesif they had a superior customer experience.

73%

6 Key areas real-time data analytics can help with

Customer insights

01 03

04 06Portfoliorationalization

Marketingexpansion

Pricing decisions

4. Customer engagement starts with employee engagement

5. Optimize omni-channel experience4 ways to optimize customer experience across all channels:

For every 10% increase in employee engagement levels, a company’s customer service levels go up by 5%.

Omni-channel customers have 30% higher lifetime value than single channel shopper and spend 15-30% more than traditional shopper.

Empower employees with relevant information and modern tools

Supply regular motivation feedback

Enable employees to work and interact anytime, anywhere

Create self-directed employee networks

Drive employee productivity through gamification

02

05

Brand andproduct management

Operatingmodel optimization

Recommend products based on past purchases

Target and re-target right

customer at the right time

Promote the right product mix to drive purchases across channels

Tailor marketing campaigns and improve customer loyalty

73% ofcustomers

preferpersonalized

shoppingexperiences.

(Source: SAP)

(Source: Econsultancy)

Integrate inventory and order management

RapidValue is a leading provider of end-to-end mobility, Omni-channel, IoT and cloud solutions to enterprises worldwide. Armed with a large team of experts in consulting, UX design, application development, testing along with experience delivering global mobility

Website: www.rapidvaluesolutions.com Call us: +1 877.643.1850 Email us: [email protected]

Replace legacy systemswith modern retail technology

Gain better insights into cross-channel customer behavior

Consolidate customerdata across channels