This document discusses digital transformation for communication service providers. It states that digital transformation is about providing customers with simple, engaging experiences through various channels. It is an evolving process that requires understanding future customer demands. Communication service providers need to simplify interactions, adopt an omni-channel approach, and treat customers as personas to provide a unified experience. They also need new revenue streams, partnerships, and business model innovation to address threats from new entrants and sustain growth in a changing market.
Building Next-Gen Enterprise Using Digital TransformationNIIT Technologies
This paper encapsulates the importance of Digital Strategy in building a brand and providing the fuel to fire growth in enterprise businesses. Gone are the days when online channels were used as mere travel booking tools. As we move into an era of the hyper connected world, businesses can no longer see technology in isolation. High expectations of ‘digitally aware’ travelers and the large amount of information available pose a unique challenge. Enterprises need to analyze if they have really been able to derive maximum potential from this digital surge, and turn it into a competitive advantage in their favor.
The document discusses the challenges that technology companies face in digital commerce. It notes that technology companies have complex product offerings and networks of resellers that create challenges for digital capabilities. Additionally, technology company customers have high expectations and experience with technology. The document advocates that technology companies focus on the entire customer digital lifecycle of discover, transact, fulfill, and care when developing their digital commerce strategies. It provides details on challenges and opportunities for technology companies in each phase of the digital lifecycle.
Enhancing customer experience through Digital TransformationYASH Technologies
Is digital transformation only about digitizing existing services? It is much more than just that. Read more to understand the importance of digital core in today's era.
Digital Transformation is far beyond just moving from traditional banking to a digital world. It is a vital change in how banks and other financial institutions learn about, interact with and satisfy customers.
Today’s evolving digital capabilities can help financial services companies achieve greater customer-centricity & community authenticity by breaking some of the key compromises the industry has had cope with its legacy.
In the past, the form, frequency, and caliber of companies’ interactions with customers have been governed to a great extent by operational limitations and/or intermediaries in the value chain such as Agents, Brokers in the Insurance realm.
"Its Just So 2.0 Out There" The 4Ps are DeadPaul Greenberg
This is a peek at the new world of marketing that customers are demanding. No longer a matter of corporate hype, smart marketers are the leaders of customer engagement and conversations with their customers. Social media are the tools
The Rise of the Platform Marketer: Connected CRM in a Digital WorldArgyle Executive Forum
David Williams, Chairman and CEO of Merkle, discussed how an organization can build and maintain a data-driven customer relationship management (CRM) strategy during a Thought Leadership Spotlight Presented by Merkle at the 2014 Chief Marketing Officer Leadership Forum: Fall Event in San Francisco on Nov. 6. In his presentation, “Connected CRM: Delivering on a Data-Driven Business Strategy,” Williams noted the marketing landscape is changing, and delivering an omni-channel CRM experience is key for organizations to effectively engage consumers.
According to Williams, organizations need to consider the whole spectrum of consumer experiences to improve their customer interactions. However, organizations also need to understand how to collect and leverage data across this entire spectrum: “I would argue that for most organizations, they don’t fully realize that all of this data can be managed across the enterprise and across a set of hundreds of millions or tens of millions of consumers and that there’s value in this data across the entire spectrum.”
Data can deliver a competitive advantage for organizations of all sizes, Williams said. Organizations that differentiate between a customer strategy and a marketing strategy, Williams added, can find ways to incorporate data into their CRM strategies. Williams pointed out that the digitalization of media and channels is transforming how organizations connect with customers too: “We start talking about how digitalization of media and channels is changing our ability to know about consumers and their attitudes, needs, wants, behaviors, values and then how we might enhance or personalize experiences with them. In reality, many of these conversations are actually too narrow.”
- See more at: http://www.argylejournal.com/chief-marketing-officer/thought-leadership-spotlight-presented-by-merkle-connected-crm-delivering-on-a-data-driven-business-strategy-david-williams-chairman-and-ceo-merkle/#sthash.IppTS2Iw.dpuf
The document discusses the role of technology in improving customer service in the banking sector. It notes that technological advancements have enabled banks to gain a competitive advantage by delivering personalized insights in real-time. This allows banks to improve the customer experience and grow their business. The document identifies four key areas banks should focus on to improve the customer journey: improving the new account opening process, adopting user-friendly authentication, embracing chatbots, and implementing cross-selling strategies. It also discusses how COVID-19 has accelerated digital transformation in the banking sector.
Building Next-Gen Enterprise Using Digital TransformationNIIT Technologies
This paper encapsulates the importance of Digital Strategy in building a brand and providing the fuel to fire growth in enterprise businesses. Gone are the days when online channels were used as mere travel booking tools. As we move into an era of the hyper connected world, businesses can no longer see technology in isolation. High expectations of ‘digitally aware’ travelers and the large amount of information available pose a unique challenge. Enterprises need to analyze if they have really been able to derive maximum potential from this digital surge, and turn it into a competitive advantage in their favor.
The document discusses the challenges that technology companies face in digital commerce. It notes that technology companies have complex product offerings and networks of resellers that create challenges for digital capabilities. Additionally, technology company customers have high expectations and experience with technology. The document advocates that technology companies focus on the entire customer digital lifecycle of discover, transact, fulfill, and care when developing their digital commerce strategies. It provides details on challenges and opportunities for technology companies in each phase of the digital lifecycle.
Enhancing customer experience through Digital TransformationYASH Technologies
Is digital transformation only about digitizing existing services? It is much more than just that. Read more to understand the importance of digital core in today's era.
Digital Transformation is far beyond just moving from traditional banking to a digital world. It is a vital change in how banks and other financial institutions learn about, interact with and satisfy customers.
Today’s evolving digital capabilities can help financial services companies achieve greater customer-centricity & community authenticity by breaking some of the key compromises the industry has had cope with its legacy.
In the past, the form, frequency, and caliber of companies’ interactions with customers have been governed to a great extent by operational limitations and/or intermediaries in the value chain such as Agents, Brokers in the Insurance realm.
"Its Just So 2.0 Out There" The 4Ps are DeadPaul Greenberg
This is a peek at the new world of marketing that customers are demanding. No longer a matter of corporate hype, smart marketers are the leaders of customer engagement and conversations with their customers. Social media are the tools
The Rise of the Platform Marketer: Connected CRM in a Digital WorldArgyle Executive Forum
David Williams, Chairman and CEO of Merkle, discussed how an organization can build and maintain a data-driven customer relationship management (CRM) strategy during a Thought Leadership Spotlight Presented by Merkle at the 2014 Chief Marketing Officer Leadership Forum: Fall Event in San Francisco on Nov. 6. In his presentation, “Connected CRM: Delivering on a Data-Driven Business Strategy,” Williams noted the marketing landscape is changing, and delivering an omni-channel CRM experience is key for organizations to effectively engage consumers.
According to Williams, organizations need to consider the whole spectrum of consumer experiences to improve their customer interactions. However, organizations also need to understand how to collect and leverage data across this entire spectrum: “I would argue that for most organizations, they don’t fully realize that all of this data can be managed across the enterprise and across a set of hundreds of millions or tens of millions of consumers and that there’s value in this data across the entire spectrum.”
Data can deliver a competitive advantage for organizations of all sizes, Williams said. Organizations that differentiate between a customer strategy and a marketing strategy, Williams added, can find ways to incorporate data into their CRM strategies. Williams pointed out that the digitalization of media and channels is transforming how organizations connect with customers too: “We start talking about how digitalization of media and channels is changing our ability to know about consumers and their attitudes, needs, wants, behaviors, values and then how we might enhance or personalize experiences with them. In reality, many of these conversations are actually too narrow.”
- See more at: http://www.argylejournal.com/chief-marketing-officer/thought-leadership-spotlight-presented-by-merkle-connected-crm-delivering-on-a-data-driven-business-strategy-david-williams-chairman-and-ceo-merkle/#sthash.IppTS2Iw.dpuf
The document discusses the role of technology in improving customer service in the banking sector. It notes that technological advancements have enabled banks to gain a competitive advantage by delivering personalized insights in real-time. This allows banks to improve the customer experience and grow their business. The document identifies four key areas banks should focus on to improve the customer journey: improving the new account opening process, adopting user-friendly authentication, embracing chatbots, and implementing cross-selling strategies. It also discusses how COVID-19 has accelerated digital transformation in the banking sector.
How Best-in-Class Contact Centers Satisfy Demanding CustomersKnowlagent
Omer Minkara, Research Analyst at the Aberdeen Group, discusses how your contact center can improve productivity and give customers the service they want and deserve.
Beyond Omnichannel: Determining the Right Channel MixCognizant
Many companies believe that simply adding more customer channels or reducing the time it takes to handle customer queries will boost customer satisfaction and enhance the customer experience. Yet the proliferation of digital technologies and touchpoints have made it more difficult to track customer preferences and purchasing traits. By identifying customers’ preferred contact channels, companies can more effectively engage, serve, and retain them while driving profitable growth.
This document discusses digital transformation and the technologies enabling it. The key points are:
- As digitization disrupts businesses, companies must embrace digital transformation using technologies like cloud, mobile, big data, and social networks to innovate and gain advantages.
- The building blocks for digital transformation are cloud technology, mobile technology, data, and networks. These technologies allow companies to place customers at the center and innovate faster.
- Cloud adoption in particular is critical as it provides scalability, flexibility and accessibility for businesses to focus on their core operations and collaborate better. Mobile technology extends these benefits by providing greater access.
- When combined with leadership strategies and best practices, these technologies can help
conquering disruption through digital transformationRené Kerp MBA
This document discusses digital transformation and the technologies enabling it. The key points are:
- As digitization disrupts businesses, companies must embrace digital transformation using technologies like cloud, mobile, big data, and social networks to innovate and gain advantages.
- The building blocks for digital transformation are cloud technology, mobile technology, data, and networks. These technologies allow companies to place customers at the center and innovate faster.
- Cloud adoption in particular is critical as it provides scalability, flexibility and accessibility for businesses to focus on their core operations with better collaboration and up-to-date solutions.
The document discusses developing a realistic approach to omnichannel banking. It recommends starting with a thorough assessment of customers and current technology capabilities. Tactical approaches can then be taken to realize short-term financial benefits from branch rationalization and paperless banking. Savings from these efforts can fund developing a long-term omnichannel strategy and plan based on customers' needs. The benefits include better acquisition, efficiency and customer service by moving toward an integrated omnichannel environment.
The document summarizes a webinar on overcoming challenges in using analytics to turn data into profits. It discusses identifying unique customers, differentiating them by needs, interacting with customers efficiently through multiple channels, and customizing experiences. It also covers measuring return on customer and using data to understand lifetime value. Challenges include access to clean, accurate data, leveraging data for high-value activities, and gaining support by proving ROI.
Top 10 CX insights for telecom executivesnaeemmirza
1) The document discusses 10 strategies for telecom companies to improve customer experience (CX) in order to expand in the Middle East market.
2) It emphasizes putting customers first by proactively addressing issues, empowering frontline employees, and using data to personalize interactions.
3) The top strategy is for telecom providers to evolve in real-time by utilizing big data analytics to measure customer behavior and effectively manage CX.
Retailers considering mobile point-of-service (POS) solutions should evaluate key considerations to ensure success. Seamless integration with existing retail systems is important, as is utilizing similar business processes to the existing POS. Solutions should adhere to payment security standards and allow for easy implementation and maintenance of mobile POS hardware. Addressing these factors will maximize returns on mobile POS investments.
Single View of Customer for Insurance Company | CandelaLabsGAVarun
The Single View Of Customer (SVOC) is a consolidated view, of all internal and external information available to an insurer, mapped on to a single interface.
https://www.candelalabs.io/single-view-of-customer/
The document discusses omnichannel banking and the building blocks required for digital transformation at financial institutions. It states that omnichannel banking requires consistent customer service across all channels to optimize engagement and lower costs. The key building blocks are interoperability between systems, streamlining transactions by developing digital channels, and delivering personalized products to customers. Financial institutions must also implement tools to manage performance across channels in real-time to ensure customer satisfaction and profitability.
The ubiquity of smartphones has driven many companies to adopt a Mobile First strategy. However, at its core, Mobile First is just a UX strategy, not a holistic approach to customer experience. Only focusing on mobile solves for a relatively limited scope of a customer’s needs. Context First seeks to understand the complete environment surrounding the customer: who is using it, where they are using it, and what their relationship is to the brand. By applying this broader, device agnostic lens, experience designers can deliver a customer experience that is highly personalized and more responsive to each phase in a customer’s decision journey.
The Future of the Contact Center: Key Predictions for 2019Calabrio
With every new year comes an opportunity for businesses to surprise and delight customers. And 2019 will be no different. Companies will continue to look for ways to engage customers during every touchpoint on their journey and, in the process, will become wiser to their changing and growing demands. However, in the coming year, it’s imperative that businesses adapt to show customers that they are, in fact, listening. When businesses find the right balance between people and technology, expand how they view data, listen to their customers and meet them wherever they are—they will succeed
In January of 2013, we benchmarked the telecom social customer experience in order to better guide today's service providers toward strategies that make sense.
We surveyed 40+ global telecoms on their social customer experience investments and returns and found that more socially mature telecoms enjoy serious benefits:
greater reduction in call center volume
greater reduction in support costs
more confidence in the customer experiences they deliver
The document discusses a shift from the traditional 40-year-old paradigm of customer service centered around automatic call distribution (ACD) systems to a new paradigm enabled by technologies like mediated interaction matching (MIM). MIM uses customer and agent data to match them for personalized interactions. It implements analytics-assisted routing (AAR) and customer choice routing (CCR) to improve the customer experience. The new paradigm also moves beyond call centers to use field experts and mobile technologies to build local relationships through in-person interactions.
Digital Marketing Strategies for Financial ServicesBackbase
Presentation by Jim Marous and Jay Dillemuth in the Backbase webinar on Digital Marketing Strategies for Financial Services.
The rise in digital technologies is transforming how bank marketers can reach, engage and deliver value to their customers. With a proliferation of media channels, financial marketers must understand these new digital tools and be in a position to implement digital strategies that add value to the marketing mix and integrate with already established marketing and business practices.
This webinar will discuss several digital marketing strategies that are being successfully used by financial organizations to reach digitally savvy audiences. Tools will be presented along with examples of ways to gain a competitive advantage online
Winterberry group the state of consumer data onboarding november 2016Brian Crotty
The document discusses consumer data onboarding, which is the process of matching owned consumer data with consumers' digital attributes to create a comprehensive identity for marketing. It details the history and evolution of onboarding from probabilistic household-level matching to increased demand for more accurate deterministic matching of individuals. The proliferation of connected devices has made identity matching more complex. Both probabilistic and deterministic processes are still required for onboarding, as deterministic is more precise but probabilistic allows for greater scale. The document provides an overview of the onboarding process and market.
Cracking the Code on Insurance Company Customer LoyaltyCalabrio
It’s no longer simply about answering phones. As today’s insurance companies increasingly move toward direct-to-consumer distribution models, smart contact center leaders know the immense value they provide to their organization.
But how can they continually prove the contact center’s value to their company? And how can they use key voice of the customer data to unlock critical insights? More importantly, how can they use these insights to drive business success?
This SlideShare is a must-read for any insurance company focused on solving challenges facing insurers, improving the customer experience and making the contact center count.
Enterprise 2.0 & Social CRM: Together At LastPaul Greenberg
E20's & SCRM's Twain Meet discusses how enterprise collaboration (E20) and social customer relationship management (SCRM) are converging. Some key areas of convergence include knowledge sharing, many-to-many communication, and transparency both internally with employees and externally with customers. While cultural advantages exist with E20, companies must also be willing to cede some control of the conversation to customers. A case study of USEO, a small consulting firm, demonstrated how building an external public community can be combined with internal collaboration.
Samsung Galaxy TabPro S 12" 128GB (SM-W700NZKAXAR) user guide manual PDF (En...manualsheet
The document is the user manual for a Samsung tablet device. It contains information about legal notices, intellectual property, open source software used, product warranty and liability, software modifications, and contact information for Samsung support. Specifically, it details that the product contains chemicals known to cause harm, that all intellectual property related to the device belongs to Samsung, lists some open source software components, provides disclaimers of warranties and liabilities, and specifies that modifying the software can cause issues.
How Best-in-Class Contact Centers Satisfy Demanding CustomersKnowlagent
Omer Minkara, Research Analyst at the Aberdeen Group, discusses how your contact center can improve productivity and give customers the service they want and deserve.
Beyond Omnichannel: Determining the Right Channel MixCognizant
Many companies believe that simply adding more customer channels or reducing the time it takes to handle customer queries will boost customer satisfaction and enhance the customer experience. Yet the proliferation of digital technologies and touchpoints have made it more difficult to track customer preferences and purchasing traits. By identifying customers’ preferred contact channels, companies can more effectively engage, serve, and retain them while driving profitable growth.
This document discusses digital transformation and the technologies enabling it. The key points are:
- As digitization disrupts businesses, companies must embrace digital transformation using technologies like cloud, mobile, big data, and social networks to innovate and gain advantages.
- The building blocks for digital transformation are cloud technology, mobile technology, data, and networks. These technologies allow companies to place customers at the center and innovate faster.
- Cloud adoption in particular is critical as it provides scalability, flexibility and accessibility for businesses to focus on their core operations and collaborate better. Mobile technology extends these benefits by providing greater access.
- When combined with leadership strategies and best practices, these technologies can help
conquering disruption through digital transformationRené Kerp MBA
This document discusses digital transformation and the technologies enabling it. The key points are:
- As digitization disrupts businesses, companies must embrace digital transformation using technologies like cloud, mobile, big data, and social networks to innovate and gain advantages.
- The building blocks for digital transformation are cloud technology, mobile technology, data, and networks. These technologies allow companies to place customers at the center and innovate faster.
- Cloud adoption in particular is critical as it provides scalability, flexibility and accessibility for businesses to focus on their core operations with better collaboration and up-to-date solutions.
The document discusses developing a realistic approach to omnichannel banking. It recommends starting with a thorough assessment of customers and current technology capabilities. Tactical approaches can then be taken to realize short-term financial benefits from branch rationalization and paperless banking. Savings from these efforts can fund developing a long-term omnichannel strategy and plan based on customers' needs. The benefits include better acquisition, efficiency and customer service by moving toward an integrated omnichannel environment.
The document summarizes a webinar on overcoming challenges in using analytics to turn data into profits. It discusses identifying unique customers, differentiating them by needs, interacting with customers efficiently through multiple channels, and customizing experiences. It also covers measuring return on customer and using data to understand lifetime value. Challenges include access to clean, accurate data, leveraging data for high-value activities, and gaining support by proving ROI.
Top 10 CX insights for telecom executivesnaeemmirza
1) The document discusses 10 strategies for telecom companies to improve customer experience (CX) in order to expand in the Middle East market.
2) It emphasizes putting customers first by proactively addressing issues, empowering frontline employees, and using data to personalize interactions.
3) The top strategy is for telecom providers to evolve in real-time by utilizing big data analytics to measure customer behavior and effectively manage CX.
Retailers considering mobile point-of-service (POS) solutions should evaluate key considerations to ensure success. Seamless integration with existing retail systems is important, as is utilizing similar business processes to the existing POS. Solutions should adhere to payment security standards and allow for easy implementation and maintenance of mobile POS hardware. Addressing these factors will maximize returns on mobile POS investments.
Single View of Customer for Insurance Company | CandelaLabsGAVarun
The Single View Of Customer (SVOC) is a consolidated view, of all internal and external information available to an insurer, mapped on to a single interface.
https://www.candelalabs.io/single-view-of-customer/
The document discusses omnichannel banking and the building blocks required for digital transformation at financial institutions. It states that omnichannel banking requires consistent customer service across all channels to optimize engagement and lower costs. The key building blocks are interoperability between systems, streamlining transactions by developing digital channels, and delivering personalized products to customers. Financial institutions must also implement tools to manage performance across channels in real-time to ensure customer satisfaction and profitability.
The ubiquity of smartphones has driven many companies to adopt a Mobile First strategy. However, at its core, Mobile First is just a UX strategy, not a holistic approach to customer experience. Only focusing on mobile solves for a relatively limited scope of a customer’s needs. Context First seeks to understand the complete environment surrounding the customer: who is using it, where they are using it, and what their relationship is to the brand. By applying this broader, device agnostic lens, experience designers can deliver a customer experience that is highly personalized and more responsive to each phase in a customer’s decision journey.
The Future of the Contact Center: Key Predictions for 2019Calabrio
With every new year comes an opportunity for businesses to surprise and delight customers. And 2019 will be no different. Companies will continue to look for ways to engage customers during every touchpoint on their journey and, in the process, will become wiser to their changing and growing demands. However, in the coming year, it’s imperative that businesses adapt to show customers that they are, in fact, listening. When businesses find the right balance between people and technology, expand how they view data, listen to their customers and meet them wherever they are—they will succeed
In January of 2013, we benchmarked the telecom social customer experience in order to better guide today's service providers toward strategies that make sense.
We surveyed 40+ global telecoms on their social customer experience investments and returns and found that more socially mature telecoms enjoy serious benefits:
greater reduction in call center volume
greater reduction in support costs
more confidence in the customer experiences they deliver
The document discusses a shift from the traditional 40-year-old paradigm of customer service centered around automatic call distribution (ACD) systems to a new paradigm enabled by technologies like mediated interaction matching (MIM). MIM uses customer and agent data to match them for personalized interactions. It implements analytics-assisted routing (AAR) and customer choice routing (CCR) to improve the customer experience. The new paradigm also moves beyond call centers to use field experts and mobile technologies to build local relationships through in-person interactions.
Digital Marketing Strategies for Financial ServicesBackbase
Presentation by Jim Marous and Jay Dillemuth in the Backbase webinar on Digital Marketing Strategies for Financial Services.
The rise in digital technologies is transforming how bank marketers can reach, engage and deliver value to their customers. With a proliferation of media channels, financial marketers must understand these new digital tools and be in a position to implement digital strategies that add value to the marketing mix and integrate with already established marketing and business practices.
This webinar will discuss several digital marketing strategies that are being successfully used by financial organizations to reach digitally savvy audiences. Tools will be presented along with examples of ways to gain a competitive advantage online
Winterberry group the state of consumer data onboarding november 2016Brian Crotty
The document discusses consumer data onboarding, which is the process of matching owned consumer data with consumers' digital attributes to create a comprehensive identity for marketing. It details the history and evolution of onboarding from probabilistic household-level matching to increased demand for more accurate deterministic matching of individuals. The proliferation of connected devices has made identity matching more complex. Both probabilistic and deterministic processes are still required for onboarding, as deterministic is more precise but probabilistic allows for greater scale. The document provides an overview of the onboarding process and market.
Cracking the Code on Insurance Company Customer LoyaltyCalabrio
It’s no longer simply about answering phones. As today’s insurance companies increasingly move toward direct-to-consumer distribution models, smart contact center leaders know the immense value they provide to their organization.
But how can they continually prove the contact center’s value to their company? And how can they use key voice of the customer data to unlock critical insights? More importantly, how can they use these insights to drive business success?
This SlideShare is a must-read for any insurance company focused on solving challenges facing insurers, improving the customer experience and making the contact center count.
Enterprise 2.0 & Social CRM: Together At LastPaul Greenberg
E20's & SCRM's Twain Meet discusses how enterprise collaboration (E20) and social customer relationship management (SCRM) are converging. Some key areas of convergence include knowledge sharing, many-to-many communication, and transparency both internally with employees and externally with customers. While cultural advantages exist with E20, companies must also be willing to cede some control of the conversation to customers. A case study of USEO, a small consulting firm, demonstrated how building an external public community can be combined with internal collaboration.
Samsung Galaxy TabPro S 12" 128GB (SM-W700NZKAXAR) user guide manual PDF (En...manualsheet
The document is the user manual for a Samsung tablet device. It contains information about legal notices, intellectual property, open source software used, product warranty and liability, software modifications, and contact information for Samsung support. Specifically, it details that the product contains chemicals known to cause harm, that all intellectual property related to the device belongs to Samsung, lists some open source software components, provides disclaimers of warranties and liabilities, and specifies that modifying the software can cause issues.
Presentación sometida como requisito parcial del curso graduado de Biología Celular de la Universidad Interamericana de Puerto Rico Recinto de Arecibo.
Este documento fornece orientações para a elaboração de projetos de pesquisa, discutindo a importância do projeto, a pesquisa bibliográfica, a definição do problema e objeto de estudo, e a estrutura geral de apresentação de um projeto.
This document lists various cow bells for sale with different sizes and prices. It provides details on 6 cow bells ranging in size from 12 inches to 60 inches and prices ranging from Rs. 150 to Rs. 975. The bells differ in diameter and width, and each is assigned a number and price.
The align alliance the purpose driven world - 20161221Larry Lall
This document discusses how building an organization around a clear purpose can lead to greater success and longevity. It provides examples of companies like Harley Davidson, Apple, Southwest Airlines, and Epic Systems that rebounded or achieved long-term dominance by refocusing on their founding purpose. The document advocates that organizations assess how aligned they are to a singular founding purpose and look to transform their business model, culture, and execution to more fully embody that purpose. It argues this "purpose-driven" approach will resonate more with customers and employees, drive better performance, and allow businesses to outlast the average lifespan of companies.
The document provides guidance on conducting research and writing research projects. It discusses that research is a careful study of a specific problem using the scientific method. It emphasizes the importance of defining the research problem, conducting a literature review, and determining if the problem is significant. Various research strategies and methods are outlined such as experiments, surveys, archival analysis, and case studies. Tips are provided on sampling, statistical tests, project guidelines, addressing plagiarism, searching literature, developing a project outline, and writing style.
The document outlines a 30-day action plan for digital transformation in retail. It discusses how digital transformation can improve the in-store experience, marketing, customer service, and supply chain. Some challenges of digital transformation are commitment, change management, technology complexity, and training. The 30-day plan framework involves rethinking processes and experiences, identifying partners, building business cases for transformational initiatives, executing pilots, and rolling out initiatives.
Trends Reshaping the Future of Customer Service Jules Smith
How is Customer Relations responding in 2016 to continued pressure on cost, expectation for higher quality, rising complexity, and decreasing cycle-time to respond to clients? This report addresses the drivers of trends we are observing – evolving channels and customer experience expectations – and will provide insight into methods for addressing the customer relationship evolution.
Las tendencias que están redefiniendo la experiencia del cliente y su fidelización - See more at: http://www.sitel.com/es/noticias/sitel-senala-las-tendencias-que-estan-redefiniendo-la-experiencia-del-cliente-y-su-fidelizacion/#sthash.tMdJEjiA.dpuf
This document provides an overview of Customer Relationship Management (CRM) in the context of non-banking financial services in India. It discusses how CRM can help automate lending operations, boost sales, improve customer experience and loyalty. However, challenges include creating a unified customer view across multiple systems and products. The document also outlines various CRM techniques used by non-banks like mobile and online banking. It emphasizes the importance of embracing new technologies like artificial intelligence, analytics and cloud-based solutions to gain insights, manage growth and stay compliant with regulations.
This document discusses Customer Relationship Management (CRM) in the context of non-banking financial services. It provides an introduction to CRM and highlights that most institutions take a narrow view of CRM, limiting benefits. A successful CRM strategy incorporates business activities, channel management, relationship management, and back-office/front-office integration within a customer-centric approach. The document then discusses concepts, benefits, challenges and importance of CRM for non-banks. It also covers CRM techniques used by non-banks in India and future trends in CRM.
The document discusses how financial services firms can adapt to a customer-centric world undergoing digital transformation. It outlines several key components for a successful digital transformation strategy, including commitment from top leadership, developing a large-scale customer-led vision, adopting the right organizational structure, building a team of diverse digital leaders, developing a compelling talent strategy, and aligning company culture around innovation. The overall goal is for financial institutions to attract and retain top digital talent that can help reinvent customer experience and compete against new digital disruptors.
Bank of the future: Digital Transformation StrategyNawaf Albadia
A guide to planning and executing Digital Transformation Strategy to build your Digital Bank of the Future. A framework to implement digital experience, digital business and digital innovation
The Digital Customer Experience: Why the Future of the Communications Industr...Brian Solis
Brian Solis and amdocs explore the impact of connected customers on the traditional funnel and the need for designing digital customer experiences (DCX). Today’s customers don’t think in terms of channels nor do they see departments. Digital customers simply want to interact with service providers in a consistent manner — wherever, whenever, and via whatever device they’re using. Even though the customer is changing, business models and approaches aren’t keeping up. Operators are not fully equipped technologically or philosophically to personalize customer touchpoints based on behaviors.
Pervasive digital technology is fundamentally changing the retail banking business model. Here's how banking Chief Information Officers (CIOs) need to change in order to lead the digital charge, according to our recent study.
In the second article of the series, sponsored by Avanade, we look at how many business leaders don't view digital as central to their organisations and are avoiding partaking in a business makeover that would empower employees to utilise data analysis. What does it take to compete with those who have made the organisational change?
AGE OF EXPERIENCE, TRENDS RESHAPING THE FUTURE OF CUSTOMER SERVICE, by Gesner...Gesnerf
This report is the result of collaboration between Sitel’s employees and stakeholders from around the globe. Our company is now providing services through more than 61,000 employees in 21 countries on behalf of some of the best known brands in the world in the most diverse number of industries with global solutions that include customer acquisition, customer care, technical support and social media programs.
The question we try to address in this report is: how is the Customer Relations responding in 2015 to continued pressure on cost, expectation for higher quality, rising complexity, and decreasing cycle-time to respond to clients? This report will address the drivers of trends we are observing – evolving channels and customer experience expectations – and will provide insight into methods for addressing the customer relationship evolution.
Transforming Customer Engagement in UtilitiesRNayak3
Most utilities don't have to compete to gain and keep their customers, each utility company must design a customer engagement model that works best for it
Exponential banking: Reinventing Financial Services in a world of Exponential...Vincent Teo
A Point of View on the threat of Fintechs and Neobanks in the Financial Services category and what banks should do to respond and continue to unlock business and customer value and drive growth.
Banks should look beyond just embracing the latest Fintech and look to reinvent themselves as the Exponential Bank of the Future.
Innovative Customer Service for Building Loyalty - Mindtreesamirandev1
Mindtree provides innovative customer service by building loyalty among customers. It gives the best solutions and strategies for delivering the best customer service in this digital era. Click here to know more.
Best Innovative Customer Service | Mindtree AnikeyRoy
Mindtree provides all the innovative customer service by building loyalty among customers. It gives the best solutions and strategies for delivering the best customer service in this digital era.
The Growth Imperative: How Communications Service Providers Can Get their Moj...Cognizant
To thrive in new market realities, communications service providers must embrace human-centric customer service, enter adjacent verticals and monetize their data.
Digital Game-Changers for the Communication Service Provider IndustryCognizant
By monetizing data, refining their processes, boosting their technological maturity and proactively responding to subscribers' ever-changing needs and preferences, CSPs can improve their competitive standing vs. non-traditional competitors.
Similar to digital-transformation-journey-move-faster-act-smarter-predict-future (20)
2. 1
t could be ‘a new way of
working’ to manifest agility; it
could be ‘a mindset’ to ensure
permeation beyond traditional
business models; it could be a
‘technology’ to cater to the
ever-growing demands for
scalability and simplification;
more importantly, it could be
‘an experience’ – which takes
customers through their journeys
as users, providing control and
choice, understanding needs and
demands, enabling help on the
fly, and scaling them to navigate
across contexts and channels
for an unified and intuitive
experience. ‘Digital’, in modern
business parlance, can be
perceived or absorbed in
multiple ways.
Digital today is all about the
experience customers will never
forget - simple and agile, at the
same time, engaging and
enterprising - be it through
customer - facing channels or
simplification of back-end
systems. It is evolving, and will
continue to evolve without a finite
direction as long as the needs and
demands of mankind continue to
dominate the business world. The
ones who stand a chance in this
digital race would be those who
foresee the future demands of
their customers and make the
right effort to meet them.
The opportunity a Communication
Service Provider (CSP) has today
to attract its customers is through
simplification of its interactions
and channels, products and
services without passing over the
burden of technology to them.
Today, customers are not worried
about the underlying complexities
systems carry, but are more
focused towards applications and
services that provide them quick
response, context, speed and
lesser transactional cycles. While
this may sound simplistic at the
fore, the effort required to
execute this transformation
demands astute strategies and
planning. While some do, not all
digital transformation requires an
overhaul of back-end systems.
This makes the task of finding the
‘magic mix’ (Figure 1) to deliver
optimal experience to their
customers more strategic
than technical.
The ones who
stand a chance in
this digital race
would be those
who foresee the
future demands of
their customers
and make the
right effort to
meet them.
3. 2
Defining the customer journey today
is a more challenging but inevitable
need of a CSP. Customers can begin
their journeys from any channel, at
any place, at any time, for anything!
They can context-switch back and
forth from one channel to other,
making it a complex non-linear
engagement. Customers are
unhappy with leading players across
industries as they lack a unified,
contextual, cross-channel information
retention and experience. CSPs,
in-order to sustain the needs and
demands, have to address this rising
challenge through omni-channel
platforms and an orchestrated
framework.
There is a need to treat customers
today as personas rather than
identities since customers can have
multiple personas within them for
different needs, at different times,
at different places. Having a
persona-based customer experience
will ensure CSPs to mature in their
Digital future: the
tough road ahead
markets, where customers will
appreciate the fact that their entire
needs and wants are now taken care
of proactively by their operator.
Based on an estimate, by 2020, there
will be an estimated 50 billion active
connected devices, and this itself is a
stellar testimony to the perception
that world is moving towards a
connected,personalized environment
where the needs and demands a
customer might have tomorrow
needs to be predicted today itself.
Along with the impulse fora
transformation from an outside-in
perspective, the instinct for survival is
driven from within as well. The growing
threat from over-the-top (OTT) players
and other substitutes in the market which
offer data and voice capabilities can lead
to a potential ‘dis-intermediation’. This is
compounded with a looming but
imminent entry of the likes of GAFA to
the market to provide communication
services. This can potentially raise a
threat to the very existence of
Enhanced customer
experience
Operational excellence
Hyper automation
and efficiency
New revenue streams
for profitable growth
Diverse products and digital
services, ecosystems
Simplified and reinvented
business models, processes
and systems
Figure: 1 – Drivers for a digital transformation
4. 3
contemporarycommunicationproviders,
unless telcos move beyond boundaries
to expand their business or rather
expand within the contours to diversify
their portfolios. Telcos not only need to
beapartofanecosystembutalsohaveto
start to own and lead one of its kind,
thereby neutralizing the threats to
an extent.
The need for partnerships and
ecosystems, henceforth unleashes
another major opportunity telcos
must focus on today – need for new
revenue streams and expansion to
adjacent verticals. They need to
provide digital lifestyle services and
solutions like mobile payment,
connected healthcare, connected
home etc. The launch of new products
and services demands immense
market perception.
Exploring data monetization
possibilities through advanced
analytics provides immense control to
CSPs over their customers. It positions
them as ‘lifestyle providers’ by helping
their customers with more
hyper-personalized and localized
services through ‘contextual
interactivity’ and ‘content of relevance’.
It also adds value by reducing churn
through predictive churn analysis.
Headwinds in the form of growing
pressure of operating margins and
cost-to-serve is a major concern today.
Simplification of processes and the
advent of hyper-automation could
address this problem by enhancing
the business resilience along with the
launch of standardized self-service
capabilities. Addressing cross channel
retention and seamless information
exchange through intuitive,
self-guiding interfaces could not only
add value to operational efficiency but
will also enhance the experience and
brand stickiness for a customer.
All the aforementioned challenges
and counter measures culminates
towards designing new business
models. Realization of the benefits
highlighted above demands faster,
agile way of working that transcends
boundaries of geographies and
mindsets. A CSP will become a Digital
Service Provider (DSP) only if it is ready
to embrace risks and face challenges
in a business world where the walls of
competition are thinner than ever
before. A strong organization with a
strong urge to enhance its customer
experience and an iron will to
revolutionize the existing business
models is guaranteed to achieve
success and welcome the new
frontiers digital will lead them to – a
world of enchanting customer
experience and business outcomes.
Digital
transformation:
where to start?
The degree of successful digital
transformation relies heavily to an extent
on a ‘durable, well-envisioned, strategy
which outlines a transformational
roadmap to success for a CSP (Figure 2 –
Critical factors for successful digital
transformation). But strategy is a very
subjective term and differs from
operator to operator, geography to
geography. The strategy should
primarily withstand the ever-changing
demands from the customer. No
transformation is perfect without a
perfect start, and building a strategy
should ideally commence from
understanding the current landscape of
the CSP, cutting across its business, from
technology to process to organization. It
should encompass all facets of its
business based on the current level of
digital maturity.
5. 4
Value creation
Capabilities
Opportunities
Vision to mission
Having an end-to-end assessment
of the current capabilities will not only
lead to identifying strengths and
weaknesses across portfolios but will
also contribute towards defining
standards and benchmarks which a CSP
would like to target to achieve. It also
paves the way for creating a strong
vision and mission statement which
is the stepping stone towards building
a successful digital strategy.
CSPs need to continuously evolve if they
have to be successful in addressing
digital disruption (Figure 3 ). They have
to undergo this evolution continuously
over a period of time
to ensure that they stay ‘connected’ and
‘cater’ to evolving customer aspirations.
Failure to do so may pull them back
to the old school and the entire value
chain might look historic to them
once again.
• What capabilities do you have today?
• Define your value chain
• Assess their alignment
• Analyze sustainability
• What is your competitive arena?
• Analyze market structure
• Identify market trends
• What does the customer
demand today?
• Define your scope and value
• What does success look like today
and tomorrow?
• Unlock your aspirations
• Know the expectations from you
Figure: 2 – Critical factors for successful digital transformation
6. 5
The most relevant question for CSPs
is ‘Will I be able to understand
my customers in a way they want
to be understood’. An answer to this will
define digital for the CSP and will bring
forward avenues to explore, fail, learn
and evolve. In a fast-moving world,
it is quiet expected from a customer
to expect service on the move and
it is this challenge that brings
in a plethora of opportunities for a CSP
to unlock the value potential of digital.
Telecom operators need to bring in the
pinnacle of trust and confidence in their
customers by moving faster, acting
smarter and predicting the future.
Enable
Current state
assessment
Define strategy
Design & evaluate
Digital transformation
Figure: 3 – Digital transformation enablement model
7. About the
author
6
Swaminathan CN has more than 8 years of experience in providing business
consulting services to world’s leading organizations from multiple industries
like healthcare, utilities, airline, and retail, among others. Currently the
Principal Consultant – Communications at Wipro, he has specialized in
Business Strategy from the University of Virginia. He is a sports enthusiast
and loves to play badminton and cricket.
About Wipro
Wipro Ltd. (NYSE:WIT) is a leading information technology, consulting and
business process services company that delivers solutions to enable its
clients do business better. Wipro delivers winning business outcomes
through its deep industry experience and a 360 degree view of "Business
through Technology.” By combining digital strategy, customer centric
design, advanced analytics and product engineering approach, Wipro
helps its clients create successful and adaptive businesses. A company
recognized globally for its comprehensive portfolio of services, strong
commitment to sustainability and good corporate citizenship, Wipro has
a dedicated workforce of over 160,000, serving clients in 175+ cities across
6 continents. For more information, please visit wipro.com or write to us
on info@wipro.com