Remove Customer Relationship Management Remove Innovation Remove Machine Learning
article thumbnail

How to Lead a B2B CX Transformation Program—And Avoid Costly Mistakes

ECXO

A common win in B2B CX is providing self-service capabilities (like online order tracking, knowledge bases, or account management portals) that give customers more control and convenience in their dealings with the company. Advanced analytics and machine learning are opening new possibilities in CX transformation.

article thumbnail

Unleashing the Power of Real-Time Data: Enhancing Customer Understanding

ECXO

As we mentioned earlier, customers know the value of their data. AI, automation and machine learning mean solutions are available to meet these expectations – at scale. According to McKinsey , organisations that leverage real-time data to personalise customer interactions can achieve revenue and retention by 10 to 30%.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Evolution of Business Relationships: Not B2B nor B2C, but H2H

ECXO

Adaptability and Innovation: H2H encourages businesses to view their operations from a more human-centric lens, leading to innovative solutions tailored to real human needs and desires. Sustainable Growth: By focusing on meaningful relationships, businesses can achieve more sustainable growth.

B2C 156
article thumbnail

Become the King Midas of CX

ECXO

Learning and Evolving King Midas eventually sought a way to reverse his wish, showing a willingness to learn and change. Similarly, successful customer experience organizations are not static; they constantly evolve. Innovate Continuously Innovation is the key to staying ahead in the CX game.

CX 156
article thumbnail

IVAs Role in Delivering a Great Service Experience

DMG Consulting

The last 12 – 18 months have seen innovation and what appear to be breakthroughs in the practical applications of natural language understanding (NLU) and AI, which are benefiting the IVA sector. Innovative IVA vendors are applying these advances to their solutions, delivering feature-rich, user-friendly offerings. IVA Trends for 2020.

ML 87
article thumbnail

Current Status of Speech (and Text) Analytics

DMG Consulting

The more advanced IA offerings have expanded their capabilities and benefits far beyond their initial contact center audience but are struggling to demonstrate their value to customer experience (CX) executives who continue to concentrate on marketing and sales functions. Product Innovation.

article thumbnail

Three Pillars of AI for Contact Centers

DMG Consulting

This means that the solution must utilize at least one of three pillars of AI for the contact center: natural language understanding/generation/processing (NLU/NLG/NLP), machine learning and real-time analytics. This brings us to our third pillar of AI in service organizations, machine learning (ML). Machine Learning.