Whitepaper – Delivering Exceptional Customer Experience

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3 Phases from VoC Insights to Action

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In her earlier Ecosystm Insight Melanie Disse spoke about how to measure customer experience (CX) success through an effective Voice of Customer (VoC) program.

In this Ecosystm byte, Melanie talks about why every VoC program needs to have an Insight to Action framework at its core, to detect and drive continuous improvement opportunities and positively impact organisations’ bottom line.

Read on to find out more about the “Listen – Analyse – Act” VoC Insights to Action framework. Each phase of the framework has its own challenges, and the success of the entire framework depends on the quality of each phase.

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The Experience Economy
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Whitepaper – How Personal Is Too Personal? – The Right Personalization to Improve Customer Experience.

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Putting Data at the Core of CX Transformation

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In today’s digital world, data is an essential part of almost everything we do. From making informed business decisions to providing the best customer outcomes, data plays a crucial role in shaping organisations’ actions and strategies. With the increasing availability of customer data, companies can now gain valuable insights into customer behaviour, preferences, and expectations; and offer personalised experiences to build long-lasting relationships.

Ecosystm Principal Advisor, Audrey William talks about 5 things to keep in mind when working on your data strategy to improve customer experience.

  1. Build a data-driven CX culture. If you don’t have a Chief Experience Officer, appoint one.
  2. Understand your data needs. Blindly gathering data without evaluating significance or utilisation, can cost you.
  3. Evaluate your data repositories. Invest in a CDP or an Intelligent Data Platform for a unified view of customer data.
  4. Use Speech Analytics to truly understand your customer. Go beyond traditional metrics to gather data-driven insights.
  5. Aim to achieve hyperpersonalisation. Make it the goal and core of your data and customer strategies.

Read on to find more.

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The Experience Economy
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Modify Your CX for Tough Economic Times

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During tough economic times, organisations need to be even more attentive to their customers’ needs and find creative ways to deliver high-quality customer experiences while keeping costs under control.

Tim Sheedy – VP Research, Ecosystm presents the best practices that organisations can use to modify their customer experience during these uncertain times.

  1. Bring back the empathy. While people might have stopped worrying about their health, economic concerns are real.
  2. Focus on customer retention. Customer attraction takes more effort and investments than customer retention.
  3. Invest in customer support. This can be done through digital touchpoints as well as in-person interactions.
  4. Continue to simplify the purchasing process. Even the slightest friction in the purchase process is enough to drive potential customers away.
  5. Focus on value over discounts. Customers look for value more than they look for discounts.

Read on to find out more.

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The Experience Economy

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The ESG Conversation

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We have seen a steady shift in people’s awareness of the environmental and social impacts of their actions. And this awareness, has led to a demand for sustainable and ethical practices from brands they interact with. Consequently, organisations are feeling the pressure to incorporate ESG factors into their business models to attract and retain customers; to nurture a purpose-drive talent pool; to address investor activism; and to comply with industry and country regulations.

At the Leaders Dialogue: Asian Sentiment 2023 conversation, Ecosystm Founder and Chairman, Amit Gupta; Ahmed Mazhari, President of Microsoft Asia; Padmashree (Paddy) Santosh, VP & Global Head of Learning, Diversity and Organisation Effectiveness at Olam Agri; and Luca Destefanis, Head of Marketing APAC at Kyndryl discussed the biggest drivers, opportunities, and challenges for Asian leadership in driving a sustainable future.

Here are the key takeaways:

  • There has been a clear growth in a collective consciousness.
  • ESG initiatives must start with a clear definition of the goals.
  • It will require a multi-dimensional strategy that focuses on strategic alignment and people.
  • ESG strategies need to be technology-enabled
  • Ultimately, data is the key enabler of all ESG efforts
  • Tech companies are focusing on expanding their ESG impact.

Read on to find out more.

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Making the Right Tech Decisions for Better Value

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Organisations are uncertain about how 2023 will shape up for them, amidst concerns about recessions, supply chain uncertainties, continued geopolitical volatility, energy crisis, and labour disruptions. At the same time, they have to continue to evolve their products and services, the customer experiences they deliver, and overall brand image.

If you are a tech leader, your first instinct would be to cut down on technology spend to align with your organisation’s cost optimisation strategy. And that is where you would make the first mistake – this is the time to invest in the right technologies to help your organisation face the uncertainties with agility. 

Here are 5 things that you should keep in mind when shaping your organisation’s tech landscape in 2023.

  • Focus on the shortest time to value. Choose a few smart digital improvements that are aligned with the strategic goals of the business and deliver value quickly.
  • Drive better corporate outcomes through Sustainability programs. The transition to smart and sustainable digital assets and infrastructure should be a top priority for today’s technology leaders.
  • Build resilience by improving value chain visibility. Digital technologies will continue to play an important role in providing visibility and insights across the value chains for risk management and resilience.
  • Treat location data as a feedstock for AI & Automation. With the increasing importance of automation, especially to contemporary service models like digital twins and metaverse, incorporating spatial and location data into your strategy is essential for staying ahead of the competition and driving meaningful business outcomes.
  • Find allies against cyber adversaries. Join the cybersecurity communities that exist in your geography and industry. Participate openly as possible so that lessons are shared quickly and widely. Don’t try to defeat the flood on your own.

Read on to find more.

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The Talent Conversation

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People management has always posed challenges for businesses and their HR leaders. Leaders have to address skills shortages, develop strategies to attract and retain talent, and promote inclusiveness in their policies. Today’s digital landscape – where there is a scarcity of digital skills across industries – makes it even harder. Leaders are now paying close attention to employee experience and retention, and topics such as digital workplace, hybrid work, flexibility, and wellness have made it to management discussions.

At the Leaders Dialogue: Asian Sentiment 2023 conversation, Ecosystm Founder and Chairman, Amit Gupta; Ahmed Mazhari, President of Microsoft Asia; Padmashree (Paddy) Santosh, VP & Global Head of Learning, Diversity and Organisation Effectiveness at Olam Agri; and Luca Destefanis, Head of Marketing APAC at Kyndryl discussed where Asia is facing their biggest challenges in talent management and how to mitigate them.

Here are the key takeaways:

  • Digital skills shortage is real
  • Purpose empowers employees
  • The ‘Productivity Paradox’ needs addressing
  • Hybrid Work is the accepted norm
  • Technology & Culture differentiate the employee experiences
  • Getting workplace transformation right is crucial

Read on to find out more about the future of talent in Asia.

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