May 04, 2021
Ada, the leader in Automated Customer Experience (ACX), today announced findings from a commissioned study conducted by Forrester Consulting on behalf of Ada in March 2021 which found that while 91% of consumers are loyal to brands that provide personalized experiences across the customer journey, nearly half (48%) of brands report that keeping experiences consistent and personalized across platforms, channels and devices is a challenge. More than half (52%) of respondents report difficulty keeping up with the constant and rapid change of customer needs, and a staggering 89% said that their organization could be customer-centric if data were consolidated into one centralized view of the customer across the entire customer journey.
The study explores the ways more proactive customer engagement can be beneficial to organizations. Key findings include:
- Empathetic connection is critical to good CX. More than 90% of study respondents report that customers are more loyal to — and will spend more money with — brands that provide good experiences, and 92% of customers want convenient and highly personalized experiences when they interact with brands.
- Digital experiences are the most effective way to engage with customers, and technology investments reflect this. Nearly every survey respondent (96%) aims to increase the conversations they’re having with customers, and another 49% will increase investment in proactive CX in the coming year. Eighty nine percent believe that their organization could be customer-centric if its data were consolidated into one centralized view of the customer, but struggle with siloed data ecosystems that make analyzing data and delivering insights difficult.
- The benefits of proactive customer engagement include growth and efficiencies.
More than half (57%) of decision-makers report an improved ability to meet customer expectations after having more conversations with customers, therefore improving retention and increasing sales. Nearly half (49%) of respondents cited increased employee efficiency as the top benefit to proactive engagement, and 44% cited improving customer retention and reducing churn as a top benefit.
- CX teams want a cost-effective and scalable way to engage customers. While more than three-quarters of respondents (78%) want to invest in proactive messaging, they find it too expensive to do so.
- Virtual assistants are helping bridge the gap by providing a smart, scalable way to engage customers. Sixty-seven percent of respondents report that their organization has already implemented this technology, and 81% find them effective at creating more proactive experiences. Virtual assistants are the top technology respondents plan to implement in the coming year.
“The Forrester Consulting study reveals that customers and the brands they buy from are looking for more conversations, deeper connections and closer engagement, but many are still struggling with organizational and technological silos,” says Mike Murchison, CEO and cofounder of Ada. “As a digital-first company, Ada is the new front line of customer experience, empowering businesses to provide personalized interactions at scale, with an automation layer to underpin the entire customer journey. Our approach to CX has always been to break down those silos and put the customer first.”
About Ada CX
Ada breaks old operating models and provides digital first brands with a platform to proactively engage and interact more with customers. With the recent announcement of Ada Engage, Ada is the solution that spans the full customer journey from pre-sales to support. Ada Engage and Ada Support are powered by world-class automation and conversational AI that enables businesses to use one platform to offer personalized interactions at scale, and generate additional revenue from existing customers by promoting loyalty, activation and upsell activities.
Forrester Consulting conducted a custom online survey with 100 customer experience decision-makers in the US and Canada in March 2021. Surveyed respondents were from organizations with a minimum of 100 digital customer service agents fielding at least 10,000 inquiries per month. Download the complete Forrester study here.
Ada is the market leader in Automated Customer Experience (ACX). As the only chatbot platform purpose-built to support an automation-first customer experience strategy, Ada’s AI-powered platform is designed to deliver the scale and impact that transforms customer support from a cost center to profit center. Headquartered in Toronto, Ada enables hundreds of customers around the world to meet the needs of today’s customers with thoughtful personalized interactions proven to enhance long-term value and boost the bottom line. Learn more at ada.cx.
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