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The Three D's of Digital Transformation - Demand, Delivery, Disruption

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82% rated an immediate response as "important" or "very important" when they were looking to buy from a company, speak with a salesperson, or ask a question about a product or service. That number rises to 90% when looking for customer service support. Over half (59%) of buyers expect a response within 30 minutes when they want to learn more about a business' product or service. That number rises to 72% when they're looking for customer support and 75% when they want to speak with a salesperson. Nearly half (49%) reported sharing an experience they had with a company on social media, good or bad. Second, that customers are impatient. They surveyed 1,000 consumers in the United States, United Kingdom, Australia, and Singapore, and found the following numbers: The digital world is changing rapidly. And customers are demanding faster, better, and more fulfilling experiences with the companies they do business with. Service Delivery When products and services become viewed as a commodity, customer service often becomes the differentiator. Most people expect good customer service -- that's the "price of admission" today. Great service translates to a memorable experience -- one that promotes continued loyalty. But exceptional service provides a true competitive edge. Exceptional service requires data. And we're not talking about quantity…at last count, the world is creating 2.5 quintillion bytes of data every day. Data abounds -- the key is how can organizations harness it for customer insight and action. While the term "dark data" may not be new, it is gaining prominence in many industries. Dark data refers to data that organizations have generated and collected -- through a myriad of different systems, devices, transactions, and interactions -- that is not effectively used. It may represent the greatest untouched resource by companies today. According to a global research study by TRUE Global Intelligence, it is estimated that 55% of an organization's data is "dark" -- unquantified, untapped and unused. The reasons are many. Much of the data may be unstructured. It may have missing or unrecognizable metadata. Or it may be trapped in department silos across the organization. DEMAND, DELIVERY, DISRUPTION | 6

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