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Customer retention in the telecom industry – new thinking

TechSee

With the telecommunications industry at saturation point, and with services largely commoditized, providers suffer from exceptionally high rates of churn. Accenture reports that 77% of consumers are no longer loyal to any particular brand, telcos must work harder than ever to retain their customer bases.

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Evolution of Customer Experience in E-Commerce 2023

Lumoa

Customer Experience in E-commerce Trend Predictions for 2023. Providing exceptional customer service on an e-commerce platform is essential for maintaining a solid customer base. The Microsoft Global Service Report shows that 54% of respondents have higher expectations for customer service than the previous year.

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Understanding Negative NPS Score: Causes, Impact and Solutions

Lumoa

Its lean and straightforward formula for measuring customer contentment has made this metric a veritable “gold standard” in the customer experience space. According to CustomerGauge’s 2022 report , NPS sports an impressive 41% trust rating among B2B businesses – higher than any other rating system of its kind!

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40 Customer Retention Statistics You Need to Know

GetFeedback

Learn about the top two customer surveys for predicting and increasing customer retention. Anytime a customer cuts ties, you experience the negative impact of customer churn. Here are 40 customer retention statistics that reinforce the growing need for customer experience management.

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Customer Satisfaction Best Practices: Insights for Marketing Experts

SurveySensum

A company, despite investing heavily in marketing and advertising, struggles to retain its customer base and faces a decline in sales. Well, here’s a startling statistic to ponder: 82% of customers stop doing business with a company due to poor customer service. Sound familiar?

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What is Customer Attrition and Customer Attrition Rate

SurveySparrow

While customer attrition is a painful reality to face, it is important to understand that most customers will not remain with your business indefinitely. One such tool that can help improve customer relationships is SurveySparrow. As you may have guessed, Customer Attrition is the complement of Customer Retention.

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How to Make Customer Service A Competitive Advantage

TeamSupport

Technologies, like customer service software , help automate tickets and makes reporting on customer service metrics more accessible and efficient. Another valuable capability of systems like these is that they leverage AI to determine customer sentiment embedded in large blocks of text within a ticket.