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Organizations are increasingly turning to data insights to gain a competitive edge. An insights-driven organization is one of those places where a strong emphasis on leveraging data and analytics is promoted to inform its decision-making processes and drive business growth.
In today's highly competitive business landscape, it's not enough to simply attract new customers to your brand. To truly fuel fast growth and stay ahead of the curve, companies must understand their customers on a deeper level and use that knowledge to inform their marketing operations.
According to Aberdeen Group research, "The Business Value of Building a Best-in-Class VoC Program," organizations employing real-time customer experience methodologies are retaining 55% more customers compared to others.
AI is a technology that enables computer machines to learn and create decisions based on data without being explicitly programmed. With the help of AI and the latest Machine Learning (ML) techniques, businesses can collect and analyze vast amounts of consumer data to gain valuable insights that can help them improve their products and services, anticipate market trends, and enhance customer experiences .
Repeat customers make the decision to return to you and buy from you again. Loyal customers don't even have to think about it; it's assumed.... challenge here is understanding what matters most to customers in such a way that customers respond with loyalty, increased revenue or rave reviews – and ideally all three!” says Jamie Haenggi, President at ADT, in Clootrack's 102 CX Expert report in which customer experience experts have revealed their challenges and solutions how they overcame that issues.