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Text Analytics in Customer Feedback: The CXO’s Secret Weapon

Lumoa

That’s where text analytics in customer feedback proves to be one of the most valuable tools for any business. When to use text analytics This situation is where automated text analytics in customer feedback is brought in: it can help in sorting out the key topics talked about and reveal the general sentiment per topic.

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A to Z Guide to Customer Experience Definitions and Terms (Updated)

Lumoa

The most important AI technologies, that are relevant for analyzing customer feedback, fall in the area of natural language processing (NLP) and machine learning. Both groups of technologies can be utilized to make analytics more actionable. With AI, you can get answers to most of your “why” questions. Image by Retently.

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How to Improve Customer Experience: A Step by Step Guide

Lumoa

Define Roles Set targets Collect customer feedback Analyze the feedback Act on the feedback Close the loop with the customers Enhance customer-centric culture Recommended reading on Customer experience Why do you need Customer Experience Management? Modern technologies have made feedback analysis a very simple process.

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How to Communicate your Way to a Better Customer Experience

PeopleMetrics

And, with the advent of Text Analytics, it is easier than ever before for leaders to quickly analyze and interpret the feedback—identifying trends in ideas, themes, and sentiment—and follow up on what they are hearing. If they can, are you analyzing that feedback and closing the loop with them? Some may not.

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Customer Experience Strategy: An A to Z Glossary

Lumoa

Actionability Actionability is the result of analytics leading to concrete decisions and changes and actions within the company. The most important AI technologies relevant for analyzing customer feedback fall in the area of natural language processing (NLP) and machine learning. Why is NPS ® going up or down? Image by Retently.

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The Role of NPS in Banking and Other Financial Institutions

SurveySensum

Step 5: Close the Loop This is one of the most crucial steps in using the NPS. Use text analytics to understand common themes in customer comments. Close the loop by contacting detractors to let them know that their feedback has been heard and acted upon. How can banks improve their NPS score?

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How to Improve Customer Experience: A Step by Step Guide

Lumoa

Now, with the help of modern technology, there're cost-effective ways to analyze the feedback. Text analytics help you to analyze the feedback in a fast and efficient manner, showing the tailored results valuable to your business. Modern technologies have made the feedback analysis a very simple process.