Remove Customer Base Remove Innovation Remove Touchpoint Remove Trends
article thumbnail

Leveraging Unstructured Data Analytics: The Key to Unlocking Hidden Customer Insights

InMoment XI

Deeper Customer Insights Unstructured data analytics unlocks hidden patterns and trends that may not be apparent in structured data alone. This deeper understanding of customer preferences and pain points empowers businesses to tailor their products and services to meet customer demands effectively.

Analytics 488
article thumbnail

How We Think The Gartner® Magic Quadrant™ Can Help Shape Your CX Strategy

InMoment XI

On the horizontal axis, the completeness of vision is assessed, considering a vendor’s sales strategy, vertical/industry strategy, innovation, and market understanding. Niche Players: Niche Players focus successfully on a small segment, or are unfocused and do not out-innovate or outperform others.*

Strategy 260
Insiders

Sign Up for our Newsletter

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

article thumbnail

Predictive Analytics Examples that Demonstrate Its Impact on Customer Experience

InMoment XI

Predictive analytics is a category of data analytics and the process of using data, statistical algorithms, AI, and machine learning techniques to identify the likelihood of future outcomes based on historical data. Put simply: it involves analyzing current and historical data to make predictions about future events or trends.

Analytics 260
article thumbnail

Enhancing Automotive Customer Experience: Key Trends and Strategies

SurveySparrow

Essentially, it encompasses every touchpoint that shapes your relationship with the brand. Positive Experiences Lead to Loyalty When you step into a dealership and the staff treats you like a valued guest, it’s not just a pleasant interaction – it’s a glimpse into the power of automotive customer experience.

article thumbnail

Defining the Value of Customer Experience: A Guide for Creating CX ROI in A Constantly Changing World

Experience Investigators by 360Connext

And it’s often shared that a 5% increase in customer retention can lead to exponential gains in profitability. The bottom line here is that if you ONLY focus on customer metrics, you’ll miss an opportunity to make a real business impact. These investments are long-term strategies for returns for both customers and employees alike.

ROI 260
article thumbnail

5 Ways to Use Customer Feedback for Product Innovation

SurveySensum

But the real magic happens when we turn this product feedback into practical steps for innovation. How Customer Feedback Helps in Product Innovation Customer feedback means everything customers share after using a product or service. This article shares five easy ways to do just that.

article thumbnail

How AI Customer Experience Can Advance Your Business Strategy

InMoment XI

AI-driven insights provide consumer behaviors and preferences, as well as uncover new trends and overall a more personalized experience. Customer retention rates and customer service can be improved by using AI to actively listen for qualitative feedback and elicit more valuable responses.