Fri.Jul 29, 2022

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Why Customer Expansion Should Be A Critical Component of Your Growth Strategy

Totango

Did you know that 70% of revenue in a subscription-based business comes from existing customer renewals and upsells? Renewals and upsells are effective ways to expand customer revenue for any recurring revenue business model but they are especially important during periods of economic uncertainty when new acquisition growth slows down or stops altogether. .

Strategy 111
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What is the Importance of Student Feedback & Ways to Collect Student Feedback?

Zonka Feedback

Feedback is an essential component of the educational system. It can be incorporated to enhance teaching and learning techniques since it has an immediate impact on the process of acquiring knowledge and has a direct impact on both teaching and learning.

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Automating and digitising CX in financial services

Eptica

Date: Friday, July 29, 2022 Author: Pauline Ashenden - Demand Generation Manager Automating and digitising CX in financial services. Published on: July 29, 2022. Author: Pauline Ashenden - Demand Generation Manager Driven by the rise of agile new entrants and the emergence of new digital channels, financial services companies are looking to new technology to digitise and automate customer service.

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CMA tackles fashion industry “Green Washing” claims

Helen Dewdney

The Competition and Markets Authority (CMA) has today (29 July 2022) announced that it will investigate sustainability claims about fashion products sold by ASOS, Boohoo and George at Asda. What is green washing? When a company professes to be environmentally conscious for marketing purposes but actually can’t back up their claims and is not making efforts to be sustainable is considered greenwashing.

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The Ultimate Guide to Monetizing Customer Learning

Every decision that goes into your learning monetization strategy matters for your organization’s bottom line. Our research has shown a clear correlation between high program maturity (and ROI!) and choosing the right monetization strategy. This eBook contains clear, actionable ways to approach packaging and pricing models that will help your association grow revenue, improve profitability, and drive expansion into new markets.

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Guest Post: 7 Factors Influencing First Call Resolution

ShepHyken

This week we feature an article by Jason Grills, Customer Support Expert at ProProfs , a company that provides software that empowers organizations to deliver happiness to their customers and employees. He shares the best practices for improvement can make a huge difference to your first call resolution rate. . You don’t want to wait around for your queries to be resolved.

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How to Overcome Small Business Lending Challenges

SaleMove

As financial institutions seek to increase small business lending, tools like Digital Customer Service help increase conversions and accelerate business. The post How to Overcome Small Business Lending Challenges appeared first on Glia Blog | Digital Customer Service Explained.

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What’s in a successful journey? Leverage journey modeling to achieve process and experience excellence at scale

SAP Customer Experience

With this fourth blog post, we are continuing with our blog series of 10 steps for successful journey to process analytics. After you have acknowledged your experience gap, gone through the first organizational alignments, and set your objectives, the next step will be to start considering your journey models! For.

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Build and train ML models using a data mesh architecture on AWS: Part 2

AWS Machine Learning

This is the second part of a series that showcases the machine learning (ML) lifecycle with a data mesh design pattern for a large enterprise with multiple lines of business (LOBs) and a Center of Excellence (CoE) for analytics and ML. In part 1 , we addressed the data steward persona and showcased a data mesh setup with multiple AWS data producer and consumer accounts.

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Customer intent is a treasure trove of actionable data hiding in plain sight

Think Customers

Every time customers interact with a customer service representative, do a keyword search, click through a brand’s website, or engage other touchpoints, they’re giving hints about their interests and intentions. The companies that understand customer intent—the purpose or reason behind a customer’s behavior—are better positioned to give customers want they want and outperform competitors.

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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Gainsight Horizon AI Labs: What Is The Right CSM to Customer Ratio?

Gainsight

Co-authored by Shantan Reddy. I don’t know about you – but data is one of my favorite things to geek out about (in addition to creating music parodies and talking about physics ). . Many of you know Gainsight has thousands of customers and tens of thousands of customer success managers that use Gainsight daily, so we have a substantial source of data in our platform.

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Eat Your Own Dog Food: How Centercode Tested Our Own Software

Centercode

In Spring of 2021, Centercode's biggest release yet was imminent and it was finally time to gather customer feedback. Coincidentally, the release included an entirely new framework, Delta testing, built to capture actionable feedback from testers with minimal effort.

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10 Benefits that Chatbots Are Bringing To The US Healthcare Industry

kommunicate

Last Updated on July 29, 2022 In the healthcare industry, every fraction of time weighs significance. People do not want to engage in waiting lines or sit by the phone looking out for a response from medical professionals. In this post-pandemic world, healthcare providers have to be more keen-eyed with their approach to customer service. [.]. The post 10 Benefits that Chatbots Are Bringing To The US Healthcare Industry appeared first on Kommunicate Blog.

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Five Signs That It’s Time for a New ERP

Circular Edge

As the manufacturing and distribution industries regain momentum, businesses need to scale quickly more than ever before. The right technology enables and adapts to that growth. NetSuite delivers the real-time view of the business that manufacturers need, without the headaches and inefficiencies of disconnected and costly in-house IT systems. Download this white paper to understand many of the issues that manufacturers and distributors typically face, and why so many have decided to move to NetS

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11 Tips to Drive Learning Content Consumption

Unlock the full potential of your educational initiatives with the 11 Tips to Drive Learning Content Consumption eBook. You’ll uncover: Why measure content consumption rather than (or in addition to) completion rates and member satisfaction? What are some proven tactics to create quality learner content and raise your content consumption rates? Discover the secrets from leading experts in the field, distilled into practical tips that promise to elevate the quality of your educational offerings,

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How to Create and Manage an Efficient Customer Success Workflow

CustomerSuccessBox

Every step of the way, the ideal customer experience offers seamless, consistently high-quality service. Throughout the customer lifecycle, customers frequently interact with various teams within your business. Keeping track of all of these interactions might be difficult, but good communication and making customer data open and available throughout the business guarantee a great customer experience.

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Port In The Storm: Takeaways From Amazon’s Q2 2022 Earnings

Forrester's Customer Insights

After years of spending lavishly on growth, Amazon cut costs in Q2 2022, reducing headcount by 6% and, according to CEO Andy Jassy, “improving the productivity of [its] fulfillment network.” As a result, Amazon reported a $2 billion loss, marking the business’s second consecutive quarterly loss, which hasn’t happened since 2014. Amazon’s revenue rose 7.2% […].

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Controlling Contact Center Costs—the Right Way?

Brad Cleveland Blog

With the current economic challenges, many organizations are likely to look for ways to control costs as they serve customers. Done right, these efforts can be successful. But the wrong approach can backfire in the form of new and/or hidden … Continue reading → The post Controlling Contact Center Costs—the Right Way? appeared first on Brad Cleveland.

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Customer Service Unplugged — Or Why Empathy Matters

Forrester's Customer Insights

When you strip a song down to its base, you end up with a simple acoustic version, free of overproduction or electronic distractions. The most striking example of this for me is Eric Clapton’s version of “Layla” from MTV Unplugged. When you strip a contact center down to its base, you end up with one-on-one […].

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Navigating the Future: Unveiling Trends and Bold Predictions in Customer Experience

Ready to explore 2024’s CX landscape? Join experts from SMG and guest Forrester as they discuss prominent trends actively shaping the industry and dive into a stack of bold predictions for the year ahead. Will the average customer experience improve? How can leaders leverage their CX metrics to establish financial linkage? What will global firms achieve using customer-facing generative AI?

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Jul 29 – Customer Success Jobs

SmartKarrot

Role: Customer Success Director Location: New York, NY, US (Hybrid) Organization: Constellation As a Customer Success Director, you will be building and cultivating relationships with existing and prospective clients in order to increase revenues. Can successfully manage their book of business on their own with minimal involvement from senior management and consistently hit target upsell goals.

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US Federal Government Continues Cybersecurity Leadership With New OMB Memo

Forrester's Customer Insights

Recently released Office of Management and Budget (OMB) memo M-22-16 outlines, and further aligns, Federal Civilian Executive Branch (FCEB) agencies’ FY2024 budgetary considerations for cross-agency cybersecurity investments. The guidance in M-22-16 provides enables federal civilian agencies to properly assign cyber initiative funding towards the most critical areas of cybersecurity.

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Add conversational AI to any contact center with Amazon Lex and the Amazon Chime SDK

AWS Machine Learning

Customer satisfaction is a potent metric that directly influences the profitability of an organization. With rapid technological advances in the past decade or so, it’s even more important to elevate customer focus in the following ways: Making your organization accessible to your customers across multiple modalities, including voice, text, social media, and more.

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How Customer Success can transform your SaaS business

ChurnZero

This article was originally published on Forbes.com. Acquiring new customers is good. But keeping the customers you have is better. With the rise of the SaaS model, retention has dethroned acquisition as the primary means to achieve long-term growth and high valuation. Incremental improvements lead to big gains. In fact, according to one source, increasing your customer retention by just 5% can increase your revenue by up to 95%.

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10 Questions to Ask Before Buying an LMS

Find your perfect LMS. Choosing the right Learning Management System (LMS) is crucial for your business's success. With so many options available in the market, how do you ensure you make the best choice? This guide is your key to finding the ideal enterprise learning platform for your business. Compiled by industry experts, these questions will help to clarify your needs, prioritize your most essential features, and guide you through the evaluation process.

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Identify the location of anomalies using Amazon Lookout for Vision at the edge without using a GPU

AWS Machine Learning

Automated defect detection using computer vision helps improve quality and lower the cost of inspection. Defect detection involves identifying the presence of a defect, classifying types of defects, and identifying where the defects are located. Many manufacturing processes require detection at a low latency, with limited compute resources, and with limited connectivity.

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The best CRM for customer service in 2023 and beyond

Method:CRM

Customer service is essential for any growing business. To provide the best customer experience, you need the right tools behind you, like customer relationship management (CRM) software. But with all the options available, which one is the best CRM for customer service? Read on for the best CRM tools for customer service in 2023 and beyond! What is customer service software?

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Fine-tune and deploy a summarizer model using the Hugging Face Amazon SageMaker containers bringing your own script

AWS Machine Learning

There have been many recent advancements in the NLP domain. Pre-trained models and fully managed NLP services have democratised access and adoption of NLP. Amazon Comprehend is a fully managed service that can perform NLP tasks like custom entity recognition, topic modelling, sentiment analysis and more to extract insights from data without the need of any prior ML experience.

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Biased Survey Questions: 7 Examples & How to Minimize Them

SurveySparrow

Previously we discussed bias in surveys , the impact of different types of bias, and how to fix them. Now let’s talk about another major contributor to misleading survey results: biased survey questions. . Just like in life, the way you phrase questions can lead to totally different outcomes. So in this article, we will talk about: What are biased survey questions?

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Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity

Speaker: Nicholas Zeisler, CX Strategist & Fractional CXO

The first step in a successful Customer Experience endeavor (or for that matter, any business proposition) is to find out what’s wrong. If you can’t identify it, you can’t fix it! 💡 That’s where the Voice of the Customer (VoC) comes in. Today, far too many brands do VoC simply because that’s what they think they’re supposed to do; that’s what all their competitors do.

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Team and user management with Amazon SageMaker and AWS SSO

AWS Machine Learning

Amazon SageMaker Studio is a web-based integrated development environment (IDE) for machine learning (ML) that lets you build, train, debug, deploy, and monitor your ML models. Each onboarded user in Studio has their own dedicated set of resources, such as compute instances, a home directory on an Amazon Elastic File System (Amazon EFS) volume, and a dedicated AWS Identity and Access Management (IAM) execution role.

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Why Fast-growing Companies are Switching to NetSuite

Circular Edge

Over the years, QuickBooks has become the de facto standard financial software for small businesses, with more than 5 million businesses using it. QuickBooks is the best fit for many businesses on day one, but is it the right choice to enable rapidly growing businesses to sustain and accelerate growth? Learn about the 5 triggers that indicate QuickBooks is failing your business and how moving to a single, integrated cloud-based system is a better solution.

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All about GameChanger: Is There a Free Version, Can You Download GameChanger, and More

SmartKarrot

Gamechanger is a software and technology company based in the United States that creates and refines powerful mobile applications that can significantly improve sports and team management processes. Gamechanger’s solution can enable users at every stage of the team management process, such as parents, players, coaches, team representatives, and much more, to access team-related data and insights much faster than ever before.

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