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Cisco Connect 2018 Philippines - next-generation customer care and the connected digital experience
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential
2.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential The Next Generation Customer Experience & Connected Digital Experience Customer Experience 2020 Carl Agbay PSS ASEAN Contact Center & Customer Experience Solutions
3.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential • What do my Customers Want? • What is Good Customer Experience? • 6 Technology Trends that will Power Exceptional CX in 2020 Agenda
4.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential *Disruption = Substantial change in market share among incumbents Expected time to disruption*: 3 years In your industry, how many companies will lose their place in the top 10 due to digital disruption (over the next 5 years)? Source: Global Center for Digital Business Transformation, 2015 Seismic Changes Will Displace Nearly 40% of Top Incumbents, and It Will Happen Soon
5.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential 45% of respondents say digital disruption is NOT a board-level concern Does not recognize or is not responding appropriately Taking “follower” approach Actively responding by disrupting our own business 43% 32% 25% Responses to Digital Disruption In general, what is the attitude of your company’s leadership toward digital disruption? Most Companies Are Not Responding to the Threat Source: Global Center for Digital Business Transformation, 2015 31% Actively responding by disrupting our own Business (2017)
6.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Splitting and Recombining the Three Elements of Value Creates Opportunity for Outside Disruptors Cost Value Price transparency Consumption-based pricing Reverse auctions Buyer aggregation Rebates and rewards Experience Value Customer choice Personalization Automation Lower latency Any device, anytime Platform Value Marketplaces Crowdsourcing Peer-to-peer Sharing economy Data monetization $
7.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Digital Customer Evolution • Customers prefer self-service • Escalations are exceptions • Channel-centric model moves to a Journey-centric model • Care Strategy aligning with Business strategy
8.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU The Big Question: “What do my Customers Want?” Product Experience Emotional Connection Perceived Value Source: BCG Research Exceptional Service Customer Experience is Key
9.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU How Important is Customer Experience? 70% Buying Decisions based on Customer Experience 5% Increase in Retention 25% Increase in Profit Reservation and Stay preferences Super Friendly Employees 700,000 customers Auto Checked In
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential • What do my Customers Want? • What is Good Customer Experience? • 6 Technology Trends that will Power Exceptional CX in 2020 Agenda
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU How Can You Deliver Good Customer Experience? Omni-channel Engagement Consistent Information Across Channels Personalized Service Unique, Memorable & Delightful Interactions Always On Experiences Continuous Engagement & Effortless Transactions © 2017 Cisco and/or its affiliates. All rights reserved. Cisco Public
12.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential • What do my Customers Want? • What is Good Customer Experience? • 6 Technology Trends that will Power Exceptional CX in 2020 Agenda
13.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU 6 Technology Trends that will Power CX in 2020 VR & AR 6 Blend Physical with Digital Instant Fulfillment 5 Becomes a Reality Remote Experts 4 Human Interaction Golden Intelligent Assistants 3 Ready to Cross the Chasm Smart Stores 1 Brick & Mortar Strikes Back Hyper-Personalization 2Segment of One
14.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Digital Meets Brick & Mortar 88% of $3.4T Sales @ Stores Smart Stores 1 Acquired Whole Foods’ 450 Stores 800+ Stores Planned 100 Stores Planned E-Tailers Embracing Brick & Mortar Traditional Store + Digital Commerce = Smart Store 8600+ U.S. Stores to Close in 2017 Discount if Ordered Online App to find Products in-store Shop online , We deliver Brick & Mortars Are going Digital
15.
© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential The Smart Stores Revolution FordAmazon GO Nordstrom Timberland StoresTesco KoreaBurberry Design Your Own Boots Experience Center Showcases Future Cars Shop at Metro Stations on Digital Aisles. Delivery by Evening No Payment Counters Checkout from Store Couch Smart Mirrors Compare & Recommend Matching Outfits
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Personalizing for the Segment of One Hyper- Personalization2 Willingness to Share Data 2020: 1.7 MB per Second per Human Advancements in Technology Capture, Analyze, Target in Real Time Digital Natives expect a Personalized Digital Experience77% Product focus One-Size Fits All Approach Customer Segment focus Customization on tribal/group behavior Individualized Services Real Time Adjustments Unique Experiences Deliver Great Results Greater Customer Loyalty Increased Customer Satisfaction Crowdsourced Ideas Minimize Product Failures It’s a Connected World 2020: 25 billion “things” Connected
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Early Adaptors of Hyper-Personalization Wells FargoBirchbox Gustin jeans McDonalds AsiaDelta AppWeather Channel + GoRun Create Your Own Burger at Kiosk Personalized ATM Dashboard Find Proactive Alternatives to Cancelled / Missed Connections Hair Gel that Suits You Recommends Time to Run based on Weather Patterns Crowdsourced Denim Designs
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Intelligent Assistants Cross the Chasm Growing Ecosystem APIs to add Voice to Applications Conversation is Golden 45% of U.S. Adults use IA Ready for Mass Adoption 2017:10M homes to have Echo, Home... Intelligent Assistants3 By 2020, Average Person will have More Conversations with Bots than Spouse Ready For Primetime Discovery Transactional Basic Search functions. But not for Complicated Queries Simple Repetitive Orders. But not Complex, High Value Orders Support Routine High Volume Services. But not for Confidential Advice
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Give Voice to Customer Interaction Hyundai + GoogleDominos Pizza Royal Bank of Scotland Macys On CallSamsung Galaxy S8Capital One “Where are Ladies Shoes?” “Start Engine, Unlock doors” “Bixby, Show me my Photo Gallery” “Ok Google, Order Pizza” “Alexa, ask Capital One, how much did I Spend?” “What is my Account Balance?”
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Human Interaction Remains Vital Remote Experts 4 High Value Interactions Complex Decisions Service driven Sales $ 1.6T Sales lost from Switching Due to Poor Service 84% Prefer Live Agent to Resolve Issues Human Brain - 100 billion Neurons, one Trillion Connections of U.S. Consumers prefer Dealing with Human Beings for Advice77% Financial Services Remote Experts Guidance from Personal Bankers Expert Advice Seek Legal Option Healthcare Virtual Doctor Visits Essential for Critical High Stakes Services
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Remote Experts are Already Reaping Rich Dividends Nationwide Building Westpac Kaiser Permanente ViettelMetlife Mexico Support for Business Banking Customers Virtual Doctor Visits American Express Premium Support for Black Card Customers Virtual Support Kiosk at Select Branches Virtual Mortgage Advisors Increased NPS by 38% Net Promoter Score of 100 Virtual visits > in-person visits 5 times Increase in Video call customer support 66% Reduction in Cost of Sale 90% Increased Conversion Added Remote Agent to mobile application for in app support
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Instant Fulfillment becomes a Reality Instant Fulfillment5 70% Americans live within 5 miles of a Walmart Expedited Shipping Sharing Economy Amazon’s same day delivery covers 1,000 US cities 5 Million downloads for Uber Eats Drone Delivery 86% of Amazon packages weigh 5 lbs. or les Customer Expectations 30% Millennials want Same-Day Shipping Willingness to Pay 25% would pay for Same Day Delivery Technology Advancements AV’s can Deliver 80% of all Parcels in 10 years A Competitive Advantage
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Instant Fulfillment on the Rise WalmartAmazon UberEats GoogleUPSUber Drone delivered Chipotle burritos on campus Incentivizes Same Day Pick up Testing drones for medicine delivery Offers Same Day Delivery Also testing Drone Delivery Driverless car delivered beer in Colorado Meals Delivered in less than One Hour
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential VR /AR Blend Digital with Physical Virtual & Augmented Reality6 Consumers will Shop in Augmented Reality by 2020100 Million+ Virtual Showrooms Build Virtual Products Shop Using your Camera Turn Dreams To Reality Stores in your Living Room Customer at the Center of Design Aim. Click. Buy Computing Advancements Oculus Rift:1.3M times the powerful of VRs from 1990s Camera Phones Everywhere 2020: 15M Phone based VR units in US Democratized Ecosystem Google, Microsoft, Facebook (Oculus) Sharing SDKs to enable VR/AR in Mainstream Applications
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Early Movers are Investing in VR/AR IKEAVolvo Yelp ExpediaAmazon Flow AppL'Oréal Makeup App Peek into Hotel Rooms Design your Virtual Apartment Click it. Order It Browse Cars from Your Couch Try Lipstick Shades Locate Cafes on your Street 25
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential 6 Technology Trends that will Power CX in 2020 VR & AR 6 Blend Physical with Digital Instant Fulfillment 5 Becomes a Reality Remote Experts 4 Human Interaction Golden Intelligent Assistants 3 Ready to Cross the Chasm Smart Stores 1 Brick & Mortar Strikes Back Hyper-Personalization 2Segment of One
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential Acquire Solutions & Technology Implement Redefined Process & Journey Design Measure Everything Observe & Optimize Improve Understand Customer Journey Capture Friction, Needs, Future State AssessHow Do You Get Started?
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU Personal Know your customers and how they’ve engaged with you before Connected Digital Experience Is - Contextual Any channel Put your customers in charge of how and when they connect with you Digital Engage with connected consumers Effortless Make it easy for your customers to do business with you Finesse Context Service Enterprise Chat and Email (ECE) Context Service Remote Expert
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU Connected Digital Experience Is - Continuous Relevant Connect to the customer lifecycle Automatic Provide personalized self-help Back office Support new interactions with videos, text, and the Internet of Things Outbound Enable proactive touch Inbound Engage on any channel, at any time, with the right resource Omni Channel Precision Routing Bots & Spark Care Bots Proactive Engagement Task Routing API
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU Connected Digital Experience Is - Capable Efficient Connect your customers with the right resources Resilient Mission-critical contact centers Flexible Deploy to fit your business Extensible Open APIs for your applications Secure Built on the Cisco® network Scalable To thousands of resources Precision Routing & SSO On Premise, Cloud and Hybrid Rest API High Availability Network Enterprise Licensing & Scale
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU Website, download product brochure Monday 11/1/17, 10:05, System – Web Analytics Webchat from website, Product page, , Reason – Product Info Tuesday 12/1/17, 14:15, Agent – Michael Facebook Message, Agent Tara, Reason – Confirm Price Thursday 13/1/17, 14:15 On-line purchase, Purchased product X, Order# - 231267 Monday 12/1/17, 14:15 Email - Purchase confirmation, Account Created Monday 12/1/17, 14:15, System - CRM Mobile App – Account Activation and Login Monday 12/1/17, 14:15 Phone – Product Issue, Agent – Matt, Wrap – Require Follow Up Monday 22/1/17, 11:35 Mobile App – Video & Screen Share session, Wrap - Resolved Monday 22/1/17, 15:55, Agent - Matt Mobile App – Loyalty Bonus Pushed – 10% off product Monday 25/1/17, 10:15 In-Store –Downtown Super Store, Duration – 32m Monday 12/1/17, 14:15, System – Wireless Tracking Twitter – Tweets Brand Experience, Agent – Georgia, Retweet Monday 12/1/17, 14:15 Mobile App – Push product offer Monday 12/1/17, 14:15, System - Marketing Product Inquiry Confirm Price Product Research Online Purchase Confirm Purchase Track Product Usage In-store Visit Report Product Issue Resolve Issue Receives Loyalty Reward Social Experience Product Offer Contextual, Personal, Effortless Customer Journeys Customer: Kenneth Chong
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU Cisco Connected Digital Experience (CDX) Inbound and Outbound Voice Speech Apps Video Web- Channels Mobile Care Social Media Partner Solutions Finesse Desktop Routing Reporting Context Service Cisco Unified Contact Center Immersive Video Kiosk Facebook Twitter RSS Rest API for Custom Feeds Cisco Unified Contact Center 11.6 Out of the box experience Any channel 360 view of customer Email Web Call Back Chat Virtual Assistant BOT BOTS & Mobile Care Apps Video Self-Service Intelligent Queuing Speech Recognition Context Service Cisco Solution Plus Ecosystem Partners
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU A Leader in the Gartner Magic Quadrant, Yr 2016/17 This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Cisco. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Contact Center Gartner, Magic Quadrant for Contact Center Infrastructure, Drew Kraus, Steve Blood, May 2017 Video Conferencing Gartner, Magic Quadrant for Group Video Systems, Robert F Mason, Tom Eagle July 2016 Gartner, Magic Quadrant for Corporate Telephony, Megan Marek Ferandez, Sorell Slaymaker, July 2017, Unified Communications Web Conferencing Gartner, Magic Quadrant for Web Conferencing, Adam Preset, Whit Andrews, November, 2016
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© 2017 Cisco
and/or its affiliates. All rights reserved. Cisco Confidential CISCO CONNECT 2018 . IT’S ALL YOU Transform your Customer Experience journey www.cisco.com/go/cc
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