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5 Top Customer Service Articles of the Week 10-25-2021

ShepHyken

billion by 2026, representing a 30.9% Next Generation Loyalty – Part One by Braden Kelley. Braden Kelley) Marketers have an overly optimistic perspective on customer loyalty and their implementations of customer loyalty programs. I’m a big believer that the typical loyalty program is actually a marketing program.

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Gartner Predicts No Reduction in Customer Service Spending in Coming Year

CSM Magazine

Another area that will not only reduce costs but also better help serve customers is conversational AI, which is expected to reduce contact centre agent labour costs by $80 billion by 2026. CFOs will also look to ramp up investments in hiring and compensation, but increase scrutiny on consultants, contractors, and facilities.

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Global Customer Success Software Market share: 2022 Edition

CustomerSuccessBox

million in USD (2026). from 2021 – 2026. If it is well-executed, that’ll be the differentiator for them and by gaining customer loyalty they sustain in the competition. The global customer success software market share will rise in 2022. It will grow from 978.22 million in USD (2020) to 3,538.03

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What Are the Three Pillars of B2B Customer Support for Fintechs?

CSM Magazine

This customer-centric approach allows businesses to align their strategies, products, and services with customer needs, leading to improved customer satisfaction, loyalty, and ultimately, business growth. billion between 2022-2026. Moreover, fintech companies stand to gain from cultivating a culture of trust with their customers.

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The Great AI Paradox for Contact Centre Agents

CSM Magazine

Leading research and consulting firm Gartner predicts that Conversational AI will reduce contact centre labour costs by $80billion in 2026 and over the same period, one in 10 agent interactions (10%) will be automated, an increase from an estimated 1.6% of interactions today. As a result, agent skillsets are changing too.

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Walgreens Captures Consumer Concerns with Care Clinics

NetBase

A great example of consumer loyalty today – or lack thereof, actually: Looking at consumer sentiment, our word cloud shows terms attributed to the rise in drugstore healthcare in general. during 2021-2026, keeping an eye on this part of the spectrum could be beneficial to those companies looking to invest or trailblaze.

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Ecommerce vs. brick-and-mortar: Unlocking retail success in 2022

Think Customers

In the wake of several factors not limited to COVID-19, including the rise of ecommerce, research from UBS predicts that around 80,000 retail stores may shut down permanently by 2026. But the ease of online shopping has also made it easier to switch brand loyalties at a whim. Retail success in 2022. To learn more.