Top 10 CXO Visionaries Transforming Customer Experience October2024

Page 1


Michael Dyrbo Birch

“Every organization, including ours, has to think about how we put customers at the center and empower them with our technology to solve their most important problems.”

The Customer is King ‘

Theysay, "The customer is king," whichhighlights

theimportanceofcustomersinanysuccessful venture.Withoutcustomers,businessessimply cannotthrive.Theirpreferences,needs,andfeedbackplaya crucialroleinshapingproductsandservices.

Understandingcustomersisessentialforbusinessesto grow Whencompaniesprioritizecustomersatisfaction, theybuildstrongrelationships,leadingtoloyalty.Happy customersaremorelikelytoreturn,andtheyoftenshare theirpositiveexperienceswithothers,helpingtoattract newclients.Inthisway,satisfiedcustomerscanbecome powerfuladvocatesforabrand.

Listeningtocustomersalsoprovidesvaluableinsights. Theiropinionscanguideimprovements,leadingtobetter productsorservices.Companiescanadapttochanging trendsanddemandsbystayingintunewithwhatcustomers want.Thisresponsivenesscansetabusinessapartfromits competitorsandcreateasolidreputation.

Furthermore,excellentcustomerserviceisvital.When customersfeelvaluedandcaredfor,theyaremorelikelyto trustabrand.Afriendlyattitude,quickresponsestoqueries, andeffectiveproblem-solvingcanmakeasignificant difference.

Toputitbriefly,recognizingthatthecustomeriskingisnot justacatchyphrase;itisafundamentalprinciplefor success.Byfocusingoncustomerneedsandproviding exceptionalservice,businessescanensurelong-term growthandaloyalcustomerbase.Emphasizingthe importanceofcustomersultimatelyleadstoawin-win situationforeveryoneinvolved.

ThelatesteditionofTheCIOWorld,titled "Top 10 CXO Visionaries Transforming Customer Experience," features leadersintheindustrywhoareredefininghowbusinesses interactwiththeircustomers.Thesevisionariesarenotonly embracingtechnologybutalsofosteringacultureof customer-centricitywithintheirorganizations.

Haveagreatreadahead!

C O V E R

S T O R Y

Sheryl Mays Communicate, Connect, Conquer 16

15 Customer Experience Trends & Stats That Will Dene the Next Year 24 How Customer Experience Transforms Marketing from Cost Center to Revenue Engine

Editor-in-Chief

Deputy Editor

Managing Editor

Assistant Editor

Visualizer

Art & Design Head

Art & Design Assitant

Business Development Manager

Business Development Executives

Technical Head

Assitant Technical Head

Digital Marketing Manager

Research Analyst

Circulation Manager

Mia

Richard

Featuring

Adrian Doyle

Chief Experience Officer

Eloise Prosser

Chief Experience Officer

Ionut Covacel

Chief Experience Officer

Joy Ferneyhough

Chief Experience Officer

Kim Vinciguerra

Chief Experience Officer

Mark Bohannon

Chief Experience Officer

Michael Dyrbo Birch

Chief Experience Officer

Roar Njie Petajamaa

Chief Experience Officer

The Odyssey Trust www.theodyssey.co.uk Company

The London Mint Office www.londonmint office.org

Coremaker www.coremaker.io

Brit Insurance www.brinsurance.com

Internaonal Carwash Associaon www.carwash.org

Ulmate Performance www.ulmate performance.com

Descripon

Adrian Doyle is dedicated to fostering enriching experiences, integrang trust and transparency into the services provided by his organizaon.

Eloise Prosser specializes in delivering exceponal customer interacons, ensuring that clients receive personalized aenon and value from their investments.

Ionut Covacel emphasizes collaboraon and innovaon, leading iniaves that enhance user engagement and operaonal efficiency within his team.

Joy Ferneyhough is commied to risk management and customer service excellence, ensuring comprehensive insurance soluons for diverse client needs.

Kim Vinciguerra drives excellence in service delivery, championing industry standards and customer sasfacon in the car wash sector

Mark Bohannon priorizes performance enhancement and client sasfacon, leveraging strategic insights to opmize operaonal effecveness.

Tricent www tricent.com

Codex Advokat Oslo AS www.codex.no

Michael Dyrbo Birch is a visionary leader focused on enhancing user experiences through innovave soluons in file sharing and governance.

Roar Njie Petajamaa focuses on providing tailored legal soluons, emphasizing client relaonships and innovave legal pracces within the firm.

Sheryl Mays

Chief Experience Officer

Rise and Shine CF, LLC www.risingand shine.com

Sheryl Mays excels in creang impacul customer experiences, emphasizing community engagement and personal growth within her organizaon.

MichaelDyrboBirch
CXO
Tricent

Empowering Organizations with Automated Compliance Solutions!

Asthesunrisesoverthe bustlingSaaSlandscape, toreshapehow organizationsmanagedata governanceandensure compliance,avisionaryleader stepsforwardwiththese commitmentswhileenhancing customerexperiencesandtrust indigitalinteractions.

MeetMichaelDyrboBirch,the CXOofTricent,acompany dedicatedtobuildingremarkable customerexperiencesand loyaltythroughoutall touchpoints.

Michael'sexpertiseinpromoting customerhappiness,retention, andloyaltystemsfromhismore than15yearsofexperience headingcustomersuccessand supportteamsinthetechand telcobusinesssectors.

WithaMiniMBAinHuman ResourceManagementand Psychology,aProfessional DiplomainCustomer Experience(CX),and certificationsasa CommunicationsCertified EngineerandSSCA®SIP SchoolCertifiedAssociate, amongothercredentials,hehas theeducationandexperienceto createsolutionsthatbenefit customersandadvancetheSaaS sector.

Hisenthusiasmfor comprehendingandimproving thecustomerjourneyisrootedin hisconvictionthatapositiveand easy-to-usecustomerexperience

isessentialtoanybusiness's achievement.AtTricent,heaims tomakesurethattheirsolutions gobeyondclientexpectations andsatisfycomplianceneeds, buildingenduringconnections andcustomerloyalty

Let’s know more about his journey:

AVisionforCustomer Experience

AstheCXOatTricent,a prominentSaaScompany,heis dedicatedtoenhancingcustomer journeysandfosteringloyalty acrossallinteractions.Withover 15yearsofexperiencein customersuccessandsupport withinthetechand telecommunicationssectors,he hasestablishedastrongrecord ofboostingcustomer satisfactionandretention.

Hisqualificationsenablehimto developcustomer-centrictools andsolutionsthatsignificantly impacttheSaaSindustry

Drivenbyaprofoundpassion forimprovingthecustomer experience,Michaelbelieves thataseamlessjourneyiscrucial forbusinesssuccess.AtTricent, hisobjectiveistoensurethatthe company’ssolutionsnotonly complywithindustrystandards butalsosurpasscustomer expectations,therebycultivating loyaltyandlong-term relationships.

Tricent:FromClient ChallengetoInnovative Solution

Tricentwasfoundedin2018 afteraclientapproachedthem

withapressingissue.Asoneof Europe'sfastest-growingfintech firms,itrequiredasoftware solutiontomanagedocument sharingwiththirdparties.

Initially,Tricentdeveloped advancedback-endsoftwarethat followedablanketapproachto unsharing,allowingadminusers toremovefilesharing permissionsacrossthe organization.However,this approachcreatedagrayarea regardingwhodecideswhatto unshare,promptingthecompany toengageendusersdirectly.

Today,Tricentoffersafilesharinggovernancesolution designedtoenablethefullvalue ofproductivitysuites.Witha focusonsimplicityandthe objectiveofoptimizing workflowswithoutdisruption, Tricent'sinnovativesolutionhas becomeagame-changerinthe industry.

AutomationEnhances ComplianceandSecurity

Michaelrecallsacritical instancewhereautomation significantlyimproved complianceforacustomer.An offboardedemployeehadshared documentswithanexternal emailaddress,inadvertently granting2.4millionexcessive permissions,whichposeda severesecurityrisk.

Utilizingtheirautomated complianceandmonitoringtool, theteamquicklyidentifiedthis unusualbehavior Thesystem flaggedtheexcessive permissionsandalertedthe administrators,whocouldthen

tracetheexternalemailaddress linkedtotheshareddocuments.

Withthetool’sbulkunshare functionality,theadmins efficientlyrevokedall permissionsgrantedtothe externalemailaddress.This swiftactionmitigatedthe potentialsecuritybreach, ensuringcompliancewithdata securitypoliciesandpreventing dataleakage.Thisexample underscoresthepowerof automationinenhancing complianceandsecurityby providingdetailedtrackingand effectiveremediationoptions, allowingorganizationsto manageriskspromptlyand efficiently.

BalancingComplianceand CustomerExperience

Balancingcompliancewiththe desiretocreateexceptional customerexperiencesrequires strategicimplementationto ensurebothregulatory adherenceandcustomer satisfaction.

Understandingcompliance requirementsfromcustomersis essential,promptingTricentto continuouslyvalidatethese needsthroughoutthesoftware developmentlifecycle,ensuring thateveryupdatealignswith relevantregulations.

Thecompanydesigns complianceprocessesthatare unobtrusive,minimizing disruptionstothecustomer experiencewhileprioritizing dataprivacyandsecurity,which arecrucialformaintaining customertrust.Transparent

communicationabout compliancemeasureshelps customersrecognizethebenefits ofdataprotection,suchas enhancedsecurity.

Establishingafeedbackloop allowsTricenttogatherinsights andrefineprocesses,aligning themwithbothcomplianceand customerobjectives.By incorporatingthesestrategies, Tricentcreatesabalanced approachwherecompliance supports,ratherthanhinders,the deliveryofexceptionalcustomer experiences,ensuringaseamless customerjourney.

TheCornerstoneof ComplianceAutomation Strategies

Michaelemphasizesthevital rolecustomerfeedbackplaysin shapingcomplianceautomation strategies.Directfeedbackfrom customerscanpinpointspecific areaswherecompliance processesmaycausefrictionor dissatisfaction.Thiswill,inturn, allowfortargetedautomation improvementsthatcanenhance theuserexperience.

Customersalsoprovidevaluable insightsintotheusabilityof compliancetools,aidingin refininginterfacesand workflowstobemoreintuitive. Thisfeedbackensuresthat complianceautomation solutionsaddressreal-world challengesandmeettheactual needsofcustomers,ratherthan relyingsolelyontheoretical requirements.

Byactivelyseekingand respondingtocustomer feedback,hedemonstrateshis commitmenttocustomercentricity,fosteringtrustand strongerrelationships.This approachnotonlyenhances compliancestrategiesbutalso ensuresthattheyalignwith customerexpectations, ultimatelyleadingtomore effectiveanduser-friendly solutions.

Throughthiscontinuous dialogue,heallowsthe organizationtobettermeetthe needsofitsclientswhile maintainingrobustcompliance standards.

He believes that teamwork is essential for success, stating, “I cannot do this alone, but as a team, we can do anything.” ‘ ‘ ‘ ‘

TheInfluenceofEducation andCertifications

Michaelattributeshis comprehensiveapproachto customersuccessand complianceautomationtohis diverseeducationalbackground andcertifications.Byintegrating expertiseintechnical certifications,psychology, customerexperience,andhuman resources,heensuresthat Tricent'sstrategiesalignwith clientdemandswhile maintainingtechnological reliability

Histrainingandcertification experiencesdriveacommitment tocontinuouslyenhance processesandtools,address evolvingregulatoryneeds,and

ensuresecuresolutions.By understandingtheentire customerjourney,heidentifies criticaltouchpointswhere securitymeasurescanbe integratedseamlessly,enhancing theoverallexperiencewithout disruption.Thisholistic perspectivefostersacustomercentricapproachthatprioritizes bothcomplianceand satisfaction.

OvercomingChallengesin AutomatedCompliance Implementation

InMichael'sexperience, organizationsoftenface compatibilityissueswith outdatedlegacysystemswhen implementingautomated compliancesolutions.

Significantcustomizationand technicalexpertisearerequired tointegrateorbuildin-house solutions,leadingtoincreased costsandimplementationtime.

Asorganizationsgrow,their complianceneedsexpand, necessitatingscalable, automatedsolutionsthatcan accommodateincreasingdata volumesandregulatorychanges withoutsignificantreengineering.Implementingthese solutionscanbeexpensive, encompassingsoftwarecosts, customization,integration, training,andongoing maintenance.

Toovercomethesechallenges, hesuggestsconductingthorough assessmentsofexistingsystems andprocessestoidentify compatibilityissuesand integrationrequirements. Investinginscalable,preferably SaaS,solutionsthatoffer flexibilityandregularupdatesis crucial.Comprehensivetraining programsensureemployee proficiencyandunderstandingof thesystem'sbenefits.

Carefullyevaluatingthetotal costofownership,including long-termmaintenanceand support,helpsorganizations determinethefinancialviability ofthesolution.Performingdue diligencewhenselecting vendors,consideringtheir expertise,trackrecord,and abilitytoprovidetailored solutions,furthermitigates implementationchallenges.

EngagingTeamsinComplianceTechnologyAdaptation

Michaelemphasizesthe importanceofeffective communicationinkeeping teamsengagedandmotivated whileadaptingtonew compliancetechnologies.By clearlyarticulatingthebenefits andgoalsofnewprocesses,he ensuresthatteammembers understandtheirpurposeand value.

Providingongoingtrainingand supportbuildsconfidencein usingnewtools.Involvingteam membersintheselectionand implementationphasesfostersa senseofownershipand commitment.Recognizingand rewardingeffortstoadoptnew technologiesreinforcespositive behaviors.

Creatinganopenfeedback environmentallowsteam memberstovoiceconcernsand suggestimprovements.He believesthatteamworkis essentialforsuccess,stating,“I cannotdothisalone,butasa team,wecandoanything.”

CoachingforEnhanced CustomerSuccessSkills

Michaelsharesanexampleof mentoringateammemberwho joinedasaCustomerSuccess Managerwithstrong communicationskillsbutlimited experienceinstrategicclient management.Recognizingtheir strugglewithproactive engagement,heinitiateda structuredcoachingplan.

Hepairedtheteammemberwith

anexperiencedCustomer SuccessManagertoprovide mentorshiponeffectiveclient engagementstrategies.Together, theysetcleardevelopmentgoals focusedonproactiveoutreach andstrategicplanning.Real-life scenariosandcasestudieswere usedtoencouragepractical application.

Regularfeedbacksessions allowedthemtoreviewprogress andcelebratesuccesses,while Michaelprovidedactionable feedbacktoboostconfidence.As aresult,theteammembers significantlyimprovedtheir abilitytomanageclient relationships,anticipateneeds, anddeveloplong-term strategies,ultimatelyenhancing overallcustomersatisfactionand retentionrates

MeasuringSuccessin ComplianceAutomation

Michaeloutlineskeymetrics usedtoevaluatethesuccessof complianceautomation initiativesandtheirrelationto customersatisfaction.

• HandlingTime:Thismetric measuresthereductionin timerequiredtocomplete tasksrelatedtopermission removal.

• UsersinCleanup:Tracking thismetricrevealsthe benefitscustomersgain fromthesolution.

• CustomerFeedback:Direct inputfromcustomers providesinsightsintotheir experiencesandalignment withexpectations.

• AdoptionRate:Therateat

whichemployeesand customersutilizethenew automationtoolsindicates usabilityandacceptance.

Together,thesemetricshelp ensurethatcompliance automationinitiativesenhance bothoperationalefficiencyand customersatisfaction.

StayingAheadintheEvolving RegulatoryLandscape

Michaelemphasizesthe importanceofstayinginformed aboutregulatorychangesto enhancecomplianceautomation efforts.Hepursuesongoing learningthroughrelevant courses,webinars,and certificationsfocusedon complianceupdates.

Engagingwithindustry networksandprofessional associationsallowshimto exchangeknowledgeandgain valuableinsights.Additionally, hesubscribestoservicesthat providetimelyupdateson regulatorytrendsand collaborateswithlegalexperts tointerpretnewregulationsand theiroperationalimpacts.

Hisproactiveapproachenables Tricenttodesigntoolsand processesthatmeetcurrentand futureregulatoryrequirements, effectivelyminimizingrisks.

FosteringaCultureof Accountability

Michaelfostersacultureof accountabilityandresponsibility regardingcomplianceby developingclearpolicies,

requirements,andencourages promptissueresolution.

FutureInnovations

Michaelanticipatesseveralkey innovationsshapingthefuture ofcomplianceautomationinthe SaaSindustry.

• ArtificialIntelligenceand MachineLearning:These technologiesenhance predictiveanalyticsand automateauditing processes,improving compliancemanagement accuracyandefficiency.

• RoboticProcess Automation(RPA):RPAis increasinglyutilizedfor managingrepetitive compliancetasks, enhancingaccuracyand efficiency.

• BlockchainTechnology: Thistechnologyisexpected torevolutionizerecordkeepingwithsecure, immutablerecordsand smartcontracts,enabling automatedenforcementof compliancemeasures.

Theseadvancementswill significantlytransformhow organizationsapproach complianceintheevolving regulatorylandscape.

CustomerExperience Trends & Stats

the

Customerexperiencehasgraduallyemergedasoneofthecriticalelementsdistinguishingcompanies inthetoday'sfast-pacedbusinessenvironmentthatmakesthemcompetefortopspots.

Here are fifteen trends and statistics of changes going to mold and shape customer experience in the coming year

1.TheTopTrend:PersonlizationIsBackinTown

Personalizationhasbecomeakeyexpectationofthecustomer.Todate,studiesshowthat 80%ofcustomerswillbuyfromabrandifitofferspersonalizedexperiences.Thistrend, therefore,callsforanunderstandingofwhatcustomerswantanddeliveringthis experienceintheinteractionwiththem.Companiesthatusedataanalyticstopresent recommendationscustomizedtoeverycustomerwillgainlargerengagementand sales.

2.TheEmergenceofOmnichannelSupport

Customerstodaypreferseamlessinteractionsacrossmultiplechannels:instoreoronline,oreventhroughmobileapps.Accordingtoarecentsurvey, 70%oftheconsumerswholiketobeinfrontofthebrandalsooperate

throughmultiplechannels.Thus,businessesthatare omnichannelcantherebycreateanexperiencethatis cohesiveandmeetcustomerswherevertheyare,forhigher satisfactionrates.

3.OmnichannelFocusesonCustomerFeedback

Theimportanceofcollectingandactinguponcustomer feedbackisnowmoreprominentthanever.Studiesindicate thatfirmsthatprioritizecustomer'sopinionincrease customersatisfactionratingsby10%.Organizationsare oftenadoptingtoolslikesurveysandsocialmedia monitoringthatgiveaninsightintowhatcustomersthinkor like,usedtoinformorganizationaldecisions.

4.AutomationImprovesEfficiency

Automationindeedsimplifiesprocessesandbringsabouta fasterresponsetimeintransformingthedeliveryof customerservices.Areportsaidthat63%ofcustomers preferchattingwithchatbotsforgeneralquestions.By automatingsimpletasks,humanagentswillbefreedto handlecomplexissues,whichwouldenhancetheoverall experienceofthecustomers.

5.FocusonEmotion

Buildinganemotionalrelationshipwiththeircustomeris thenewwaytobuildloyaltyforbrands.Researchhas shownthatthreetimesmorecustomerswouldrecommenda brandandfourtimesmorewouldbuyagainiftheyare emotionallyattachedtoabrand.Organizationsthatinvestin creatingmeaningfulinteractionswillfosterdeeper relationshipsbetweentheiraudience.

6.SustainabilityMatters

Inshort,itcanbesaidthatsustainabilityaswellasethical practiceisthemoresubstantialissueformodern-day consumers.Accordingtoresearch,ithasbeenprovedthat 66%oftheworld'sconsumersarewillingtopayextrafor sustainablebrands.So,thesecompanieshaveawareness towardsEco-friendlyschemesandtheirtransparenciescan attractenvironment-consciouscustomerswithmaintaining thebrandimagealongwithloyalty

7.

SpeedBeingImportant

Speedisanimportantdeterminantofthecustomer experienceinadayandagewhereinstantgratificationis theorderoftheday Accordingtodata,47%ofconsumers

expectthatthereshouldbearesponsewithinonehour followingreachingoutforsupport.Brandswhichpromote quickresponsesandefficientservicewillstandoutamid competition.

8.IntegrationofAITechnologies

Artificialintelligencechangesthecustomerexperience throughinsightsandautomatingprocesses.Arecentstudy showedthatcompanieswhichadaptAIintheirCXreport 10-15%onaverageincreasesincustomersatisfaction scores.Artificialintelligence-poweredtoolswouldmake datastudyandpredictcustomers'behaviorandpreferences, henceallowingbrandstoeffectivelytailortheirofferings.

9.ImprovedMobileExperiences

Asmobileshoppingbecomespopularmoreandmore,itis theverykeytosuccesstooptimizeexperiencesonmobile. Accordingtothefacts,themobilecommerceinayear's timewouldexceed50%ofthesalesofalle-commerce. Companiesnowneedtoensurethattheirwebsiteand applicationsareaccessiblebyusersandresponsivesoasto catertotheincreasingdemandformobileaccessibility.

10.RoleofSocialMedia

Socialmediacontinuestobeastronginfluencerof customerexperience.Onesurveyreportedthat54%of customerspreferusingasocialmedianetworkastheir channelofchoicewhenitcomestocustomerservice, insteadofphonecallsoremails.Brandscaneasilyestablish trustandquicklyrespondtoconcernsbybeingactively involvedwiththeircustomersontheseplatforms.

11.TheHungerforTransparency

Accordingtoresearch,todaycustomerswanttransparency fromthebrandabouttheirprice,theoriginoftheproduct, andthecompanypractices.Ithasbeenrevealedthat94 percentofthecustomerswillalsobecomebrandloyalifit transparentaboutallthesethings.Thisishowtheperfectly communicatingcompaniescangaintrustwithandretain theircustomersinthelongrun.

12.SubscriptionModelsBecomingaFavourite

Withthispromiseofconvenienceandaddedvalue, subscription-basedserviceshavegainedpopulargrounds. Statisticsfurtherindicatethat,inrecentyears,subscription boxserviceshavegrownbyover100%annually

Implementingsuchamodelcanhelpcompaniesestablish recurringrevenuestreamswhilepromotingcustomer retentionwithfrequentinteractions.

13.TheWayTowardsSelf-ServiceEnd

Customerstendtoseekself-servicemostofthetimeifthey wanthelporanswerstotheirquestions.Inareport,itsays that81%ofconsumersfirstattempttoresolvetheissue beforeaskingforhelp.Ifabusinesscanequipitscustomers withacomprehensiveFAQ,chatbots,aswellasintuitive interfaces,thiscanenablethemaswellasreducethe pressureonthesupportteams.

14.EmployeeExperience

Theexperienceofanemployeeinfluences,directly,the levelofsatisfactionofthecustomers.Itisevidentthata businessororganizationwhoseemployeesareengagedthen willhave10%moreratingsfromitscustomerscomparedto acompanywithnoengagementprograms.Employee's trainingandwelfareresultinefficientdeliveryofservices tocustomers

15.PredictiveAnalyticsShapeFutureStrategies

Predictiveanalyticsisbecomingaveryvitaltoolinhelping withcustomerbehaviorsanddeterminingsome requirementsthatmayberequiredinthefuture. Organizationsusingpredictiveanalyticscanincrease marketingROIbyasmuchas15%,itwasbroughtout.The pastbehaviorswillbehelpfulintailoringstrategiesthat helpchangeevolvingconsumerdemands.

Conclusion

Nextyearwillfurthercapitalizeontrendsrelatingto customerexperience,withthebusinessesthatarequite aheadofthemlikelytothrive.Personalization,embracing technology,listeningtofeedback,andcreatinganemotional connectionwillremainattheforefrontofmemorable experiencesthatdriveloyaltyandgrowthinanincreasingly competitivemarket.

‘ ‘ ‘ ‘

Sheryl's mission is to inspire others to embrace personal growth as a foundation for lasting success, lobbying that when individuals thrive, so too does their business.

SherylMays ChiefExperienceOfficer/CEO RiseandShineConsulting andCoachingFirm

Sheryl Mays

Communicate, Connect, Conquer

How Continuous Learning Transformed Her Career and Can Transform Yours!

Therearesomanyprofessionals whoarecaughtinthis environmentofendless pursuanceofprofitsattheexpenseof personalgrowth.Underthese circumstances,theyundergoselfdoubt,inefficientcommunication,and alackofdirectionthatissilencingnot onlytheirpotentialbutalsowinning thebattleinsidetheorganizations wheretheyreside.Thisiswhatmakes itimperativetodevelopaninnovative strategy-onethatinvokespersonal developmentasthebasisof professionalsuccess.

MeetSherylMays,theChief ExperienceOfficerandCEOofRise andShineConsultingandCoaching Firm.Withanimpressivejourney fromofficemanagertovicepresident ofadmissions,sheunderstandsthe transformativepowerofpersonal growth.Herriseupthecorporateranks wasnotmerelyaproductofhardwork butasanexampleofherpassionfor continuouslearningandselfimprovement.

AtRiseandShine,Sheryldedicates herexpertisetocoachingsales

professionals,guidingthemtoenhance theirskillsthrougheffective communication,kindness,andselfdevelopment.Shebelievesthatsuccess inbusinessstemsfromafoundationof personalgrowth.Asanadvocatefor holisticdevelopment,sheempowers individualstoovercometheir limitationsandacknowledgetheir potential.

So,herapproachisverysimpleyet profound:investinthebestbecausethe dividendsarelimitless.Herphilosophy isnolongertheaccomplishmentof targetsbutnurturingacultureof empathyandcompassioninthe workplace.Thisspeakstoinnovative trainingprogramsthroughSherylthat makeprofessionalsshinetheir brightestovertheobstaclesofthe industry

Let us learn more about her journey:

AscendingAboveExpectations

Sheryl'sjourneyofresiliencebegan afteradifficultdivorce,leadingherto riseandshineaboveherconditions. Thispersonalawakeninginspiredher companynameandlogo,featuringa lotusflower,asymbolofthrivingin adversity.Shefocusesontending exceptionalcustomerexperiences,

believingthatkindnessadvances lastingrelationshipswithboth employeesandcustomers.

Togatherandanalyzecustomer insights,Sherylemploysseveral strategies.Sheemphasizesactive listeningandmeaningfulconversations touncovercustomerneedswhilealso usingsurveysandfeedbacktoolsfor quantitativedata.

Bymappingthecustomerjourney,she identifieskeytouchpointsfor improvement.Collaborationacross departmentsenrichesunderstanding, andanalyticstoolshelptranslatedata intoactionableinsights.Sheryl’s dedicationtocontinuousimprovement warrantsorganizationscanadaptto evolvingneeds.

Throughempathyandcollaboration, sheempowerscompaniestocreate exceptionalexperiences,reflectingher ownjourneyofovercoming challenges.

APositiveexperience

Inherexplorationofunforgettable customerinteractions,Sheryl,a researcherfromasmallcompany, identifiedsevenkeycomponents necessaryforpositivecustomer experiences.

Throughconversationswithcustomers, employees,andbusinessownersand byusinginsightsfromreputabledata agencies,shefoundthatempathyand understandingarecentralfor establishinggenuineconnections.

Consistencyacrosstouchpointsensures uniformmessagingandservicequality, whilepersonalizationtailors’ interactionstoindividualpreferences.

Timelycommunicationfosterstrust withpromptresponses,anduserfriendlyprocessessimplifynavigation. Proactiveengagementanticipates needsandaddressespotentialissues, showingcommitmenttosatisfaction.

Finally,afeedbackloopallows companiestorefineexperiencesby valuingcustomerinput.Sheryl’s researchdemonstratesthatfocusingon thesecomponentscanhelpcompanies ofanysizecreatelasting,positive customermemories.

TransformingCustomerService

Sherylwasbroughtintoaddressan acuteissueatacompanygrappling withlongwaittimesandinconsistent customerserviceacrossitssupport departments.Bothemployeesand customerswerefeelingthestrain, leadingtoadeclineinsatisfaction scores.

Throughanin-depthanalysisofthe company’sprocesses,Sherylidentified significantbottlenecksinthestatement andalackofemployeetrainingin customerservice.Withastrategic focus,shestreamlinedoperations, implementedtargetedtraining programs,andintroducedacentralized supportdashboardtoaddtoresponse times.

Theresultswereremarkable.Within justthreemonths,thecompany

experienceda20%reductioninwait timesandasignificantboostin customersatisfactionscores. Employeesalsoreportedfeelingmore empoweredandengagedintheirroles, contributingtoamorepositive workplaceenvironment.

Sheryl’sinterventionsnotonly improvedservicedeliverybutalso revitalizedemployeemorale, showcasingtheprofoundimpactof effectiveleadershipandtrainingin customerserviceoperations.

KeyMetricsforDeveloping Performance

Toincreasecustomersatisfaction,team performance,andbusinessimpact, focusonseveralkeymetrics. CustomerSatisfactionScores (CSAT)arearequirementforgauging howwellyoumeetcustomer expectations;whiletheycanbetimeconsumingtoanalyze,theyoffer valuableinsights.Customer RetentionRatesreflectyourabilityto keepcustomersovertimeandareoften linkedtooverallsatisfactionlevels.

FirstContactResolution(FCR) measureshowefficientlyissuesare resolvedonthefirstattempt,which boostssatisfactionandreduces operationalcosts.Lastly,Employee Engagementisimportant,asengaged employeestendtobemoreproductive andprovidebetterservice,positively impactingcustomerinteractions.By balancingthesemetrics,youcan identifyareasforimprovementand drivebetterbusinessoutcomes.

ImportanceofCoreValues

InSheryl'scompany,corevaluesserve astheguidingprinciplesforfulfilling thebusiness'spromisetoitscustomers. Toconfirmthatcustomerservice remainsatoppriority,itiskeyforall

employeestoadheretothesecore values.

Sheaccentuatesthatthesevalues shouldbeintegratedintoemployee reviews,discussedduringteam meetings,andincorporatedinto coachingandmentoringpractices.

Moreover,theyshouldinfluenceevery internalandexternalcommunication andpieceofsharedinformation, reinforcingtheirsignificance throughouttheorganization.

DevelopingCustomerExperience

Sherylsuccessfullyspearheadedan initiativetoenhancecustomersupport bycollaboratingwithvarious departments.Sheworkedcloselywith theIT,HR,andsupportteamsto implementanewcustomerrelationship management(CRM)systemthat effectivelytrackedandprioritized requests.HRplayedavitalrolein designingtrainingmodulesforsupport staff,whileITcertifiedtheseamless integrationoftheCRMsystemacross alldepartments.

Inanotherinstance,Sheryltackledthe issueofhighchurnrateswithinthe first90daysofcustomeronboarding.

Recognizingthatmanycustomers foundtheonboardingprocess disjointedandunclear,sheengagedthe marketing,productdevelopment,and salesteamstoredesigntheonboarding experience.

Themarketingteamalignedmessaging andcommunicationtouchpoints, productdevelopmentsimplified onboardingfeatures,andsales providedvaluableinsightsfrom customerfeedbacktobetterconvertthe processtomeetcustomerexpectations.

CommitmenttoCustomer ExperienceExcellence

Sherylactivelyengageswithleading customerexperiencepublications, includingtheHarvardBusiness ReviewandForbesCXarticles,while alsofollowinginfluentialblogsfrom industrythoughtleaders.She consistentlyattendsCXconferences andworkshopstodeepenher understandingofthefield.

Usingcollectingcustomerdata throughhercompany,Sherylconfirms shestaysinformedaboutdata-driven trendsandmarketinsights. Additionally,sheanalyzescasestudies togainvaluableperspectivesonrealworldapplicationsofsuccessful customerexperiences.

TurningDoubtsintoAdvocacy

Afteracustomerservicetraining program,aclientapproachedSheryl, expressingfrustrationthattheirteam wasn’tseeingimmediate improvementsincustomersatisfaction scores.Theyfelttheinvestmentwasn’t yieldingexpectedresultsand consideredendingthepartnership. Sherylcalmlyacknowledgedtheir concernsandscheduledameetingto reviewtheteam’sperformancemetrics andfeedbacksincethetraining.

Duringthemeeting,shediscovered that,whileoverallsatisfactionscores hadn’tyetimproved,therewereclear signsofprogressinresponsetimesand first-contactresolution.Sheryl explainedthatlastingchangetakes timeandsuggestedafollow-up coachingsessiontoreinforcekeyskills andaddressareasneeding improvement.

Asaresultofthisconversation,the clientagreedtocontinuewiththe program.Overthenextquarter,

satisfactionscoresincreasedby15%, andtheclientbecameastrong advocateforthetraining,even recommendingittootherdepartments.

WithherLeanSixSigmacertification, Sherylunderstoodtheimportanceof usingdataoveropinions.Bylistening carefully,providingdata,andofferinga tailoredsolution,shesuccessfully transformedtheirdissatisfactionintoa positive,ongoingrelationship—an excellentexampleofhowexceptional customerservicecanturndestructive situationsaround.

StreamliningCustomerExperience

Sherylemploystheleanmethod knownasDAMIC—Design,Analyze, Measure,ImproveandControl,to boostcustomerexperiences.Her processbeginsbyexaminingthe customeravatarandreviewingthe existingcustomerjourney.

Shethengathersandanalyzesdata fromvarioussources,includingscores, feedback,andsupportticket complaints,toidentifybothareasof joyandareasoffriction.Withthese insights,Sherylcreatestargeted improvementsanddiligentlymonitors theireffectivenesstoensureongoing successandcontinuousenrichment.

StrategicSolution

Whileworkingwithanorganizationon enhancingtheircustomerservice experience,Sherylidentifiedacritical painpoint:longwaittimesfor customersupport.Theidealsolution wouldhavebeentohireadditionalstaff andextendoperatinghours;however, thecompanyfacedbudgetconstraints thatmadethisdifficultintheshort term.

Toreconcilethecompany'sfinancial limitationswiththeneedforan

improvedcustomerexperience,Sheryl recommendedacompromise.She proposedimplementingaself-service optionsupportedbyachatbot.

Recognizingthelimitationsofchatbots inhumaninteraction,sheaccentuated theireffectivenessforlesscomplex issuessuchaspasswordresets,login problems,anddocumentuploads, therebyreducingcustomerfrustration. Althoughexpandingtheteamwould havebeentheoptimalchoice,Sheryl orderedthebusiness'sfinancialreality specifically,toinvestintechnology, specificallythechatbot,overadditional hiresrequiredcarefulconsideration duetoinitialcostsandashiftin strategy,butultimatelyaimedtocreate amoreefficientcustomerservice environment.

WidespreadCustomerExperience Feedback

Sherylgathersfeedbackfromvarious channelstoobtainacomprehensive viewofthecustomerexperience.This includesconductingsurveyssuchas CSATandNPS,analyzingcustomer serviceinteractions,monitoringsocial mediacomments,reviewingproduct feedback,andengagingindirect customerinterviews.

Shealsotracksunsolicitedfeedback, suchascomplaintsandsuggestions madethroughcustomersupport.Once collected,Sherylcategorizesthe feedbackbytype,severity,and touchpoint,prioritizingitbasedonits impactoncustomerretention, satisfaction,andoverallbusiness performance.Intheend,shedesignsor maintainsthelevelofserviceneededto achievethedesiredresults.

How Customer Experience

Transforms Marketing from Cost Center Revenue Engine to

Improvingmarketingstrategiesisthequestof

everybusinessintoday'scompetitive environment.Marketinghaslongbeenperceived asacostcenter,necessarybutnowaytoincrease revenue.Notanymore.Companiesincreasinglyfind thatgreatcustomerexperiencecantransform marketingfrombeingarelativelyunproductivecost intoaveryeffectiverevenueengine.It'snotafad: statisticsandreal-worldexamplesconvinceofthese newthemes.

UnderstandingCustomerExperience

Customerexperienceisthesumtotalofall engagementsthatacustomermayhavewithabrand, rightfromawarenessorknowledgeofthebrandto after-salessupport.Itencompassesallaspectsof websiteusability,qualityofservice,andoverall satisfaction.ApositiveCXencouragesloyaltyand repeatbusinesswhileanegativeexperiencecreates circumstancesthatruncustomersaway

86percentofthebuyersarelikelytopayapremium foragoodcustomerexperience.Thiswillingnessto paymoresignifiesaninvestmentinCX.Whenthey increasetheirengagementwiththebrand,customers feelvaluedandunderstood,leadingtoasubsequent increaseinsalesandprofitability

FromCostCentertoRevenueEngine

Traditionally,themarketingdepartmentswerecost centers.Budgetsweretheremerelyfortheadvertising andpromotionsassuchwithoutanydirectlinkage towardrevenuegeneration.However,withthe increasedimportanceattachedtothecustomer experiencecomestheincreasedrecognitionofthe abilityofthemarketingdepartmenttoactasarevenue generator.

Accordingtoastudy,Forresterfoundthatcompanies withstrongstrategiesforcustomerexperienceboast revenuegrowth5.1timesmorethanweakstrategy companies.TheimportanceofCXcannotbe overlookedfromthemonetarypointofview,either

BuildingCustomerLoyalty

Probably,oneofthebiggestconsequencesofimproved CXiscustomerloyalty.Loyalcustomersarenotonly

morelikelytomakerepeatpurchasesoveraperiodbutwill alsospendmoreastimegoesby.Researchcarriedoutby Bain&Companyhasestablishedthatraisingcustomer retentionratesbyapaltry5%canincreaseprofitsbetween 25%and95%.

Thisway,byprovidingauniqueexperience,customersend upbeingloyaltothebusiness,becominganassetthathas nomatch.Withloyalcustomers,there'sfrequentlylittleor nocostofacquiringnewcustomersbecausetheproductor servicewillbegladdeninglypassedonamongfriendsand family

Personalization:TheSecretSauce

Personalizationisanaspectofimprovingcustomer experience;itisoneofthelatestexperiencesthatpeople lookforwardtohavingintheirrelationshipswithbrands. Businesswhichdoesnotmeettheseexpectationsmissthe opportunitiesofmaximisingthispower.Epsilonhasfound outthat80%moreconsumersaregoingtomakeapurchase whenthebrandoffersapersonalexperience.

Insuchaway,usingdataanalyticsandcustomerinsightin marketingcanhelpinlaunchingtargetedmarketing campaignsthatcanreachanindividualpreferenceandneed andcreateadeeperlevelofpersonalizationinthe relationship.ThiscanmaketheCX,convertmore,andsell more.

RoleofTechnology

Technologyhaschangedthewayofdoingbusinessinterms ofcustomerexperienceandmarketing.Withtheavailability oftoolslikeCRMsystems,chatbots,andplatformslike socialmedia,brandshaveapproachedtheircustomersina mannerthatismoreeffectivethaneverbefore.

Forexample,chatbotsprovide24/7supportforquick answerstoqueries-afactorthatfurthercomplementsthe overallexperience.BusinessInsiderreportsthatby2024, morethan$8billioninannualcustomerservicecostwillbe savedbybusinessesusingchatbotswhileimprovingCX.

Dataanalyticsalsoallowscompaniestounderstandand trackcustomerbehavioratrealtime.Withthis,thebusiness canhoneitsapproach,touchingonbettermarketingtactics, andensurethattheymeettheexpectationsthatcustomers have.

SuccessMeasured

Inthisregard,itmustbeestablishedthatbeforethe effectivenessofimprovedCXtomarketingeffectiveness canbeunderstoodbybusinesses,metricsforsuccessmust becreated.Forexample,anNPSof32andaCSATof26 mightindicatethataparticularcompanyisnotdoingwell concerningCX.Oneofthemetricsthatestablishhowwell acompanyisperforminginregardtoCXrelatesto CustomerLifetimeValue(CLV).

Forexample,NPSmeasuresthereadinessofthecustomers toreferabrandbasedontheirexperience.AhighNPSis commonlyassociatedwithgoodcustomerloyaltyand satisfactionwhichwillpositivelycorrelatewithrevenue growth.

Real-WorldExamples

Somecompanieshavetransformedtheirapproachesto marketingafterimprovingcustomerexperience.For instance,variousmajorretailershavelaunchedseamless omnichannelexperiencesandprocessesthatalloweasy shoppingforcustomersonlineorin-store.Thisisnotonly thecaseofincreasingthesatisfactionlevelbutalsomoves thesalesneedleacrossarangeofchannels.

Forinstance,thereisonesubscriptionservicethatfocuses onuserexperiencebygivingpersonalrecommendationto theusersandeasynavigationincasetheyrequireaccessing acertainportionofthewebsite.Simplyfocusingonvalue deliveryateverytouchpointresultsinastonishing tremendoussuccessintermsofsubscriberretentionaswell asrevenuegrowth.

Conclusion

Afterall,customerexperienceisbeingincreasinglytargeted asadriverfortransformingmarketingfromacostcenter intoarevenue-generatingdepartment.Aconcentrationon CXleadstoincreasedloyalty,moreeffective personalizationefforts,propertechnologyutilization,and measurementwiththerightmetrics.

Thesechanges,however,stillcontinuetothrowupnew challengesandopportunitieswhereinthesamefirm,taking onboardsuchshiftsinconsumerexpectations,wouldno longerbarelymanagetosurviveinthecompetitive marketplacebutthriveaswell.Investinginexceptional customerexperiencesisnolongeranoption:itisacritical driverofsustainablegrowthandprofitforbusinessestoday

Leadership is not about titles, positions, or owcharts. It is about one life inuencing another.

,, ,, Success is not the key to happiness. Happiness is the key to success. Ifyou love whatyou are doingy , ou wi be successful.

- Epictetus

www thecioworld.com

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Top 10 CXO Visionaries Transforming Customer Experience October2024 by Insights Success Media - Issuu