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Does a lack of human interaction cost businesses money?

Vonage

But in a world seeing rapid advances in artificial intelligence, what price should we put on human interaction? Technology has altered customer service expectations forever. The rising cost of poor customer service. A recent study by NewVoiceMedia explored the impact of poor customer service on profits.

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Master the Market: A Deep Dive into Competitive Analysis

InMoment XI

The Importance of CRM Databases in Competitive Analysis Customer Relationship Management (CRM) databases are essential tools for storing and tracking customer information, interactions, and sales history. This is how you turn regular customers into loyal advocates for your brand.

Analysis 260
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5 Mistakes Companies Make In Phone Support & How To Fix Them

MiaRec

First impressions matter, and your phone support team is often the first interaction potential customers have with your company. According to a study by American Express, excellent customer service is the number one factor that determines whether or not customers will do business with a company again.

Company 73
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How to Engage Employees and Win Customers With Automation

Uniphore

With the COVID-19 pandemic forcing rapid digital transformation and the complexity of customer interactions on the rise, most companies recognize the need for new approaches. In fact, in a recent Calabrio study, 60 percent of agents stated they need more helpful tools to handle complex customer interactions.

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Customer Support Trends Every Business Needs to Know

Stella Connect

Impersonal interactions. It’s time for these types of frustrating customer experiences to become a thing of the past. Brands that don’t risk significant customer churn. Get a sneak peek of the insights below to find out the top customer support trends every business needs to know for the new year and beyond. .

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Cost of Living Crisis Ignites Demand for Better Customer Service

CSM Magazine

In light of National Customer Service Week (2-6 October), a new study has revealed that one in five Brits wastes up to 12 hours a year waiting to be served when eating out. Nearly a third admit that the cost-of-living crisis has made them less tolerant of poor customer service.

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Is the Chief Experience Officer a Worthwhile Addition to the C-Suite?

Retently

But taking customer experience lightly can be dangerous too. Some studies suggest that poor customer service costs businesses up to $62 million per year. trillion annually when their customers leave – and that’s only in the US. In the study, 10% of the Fortune 500 companies and 6.7%