Tuesday, February 5, 2013

See Customers Clearly

See Customers Clearly Now Giving agents a complete view of the customer has been an elusive call center dream for decades. "For call centers the value is twofold: improving customer satisfaction by making customer service representatives more responsive, and facilitating quicker turnaround call times, which improves the efficiency of the call center," explained Rick Abbott, president of 360DegreeView. Customers expect call centers to know everything about them -- their order history, what they've posted about the brand on Facebook, and how long they've bought from the company. Increasingly, companies are beginning to keep up with that expectation, and the more they do, the better customer service they can provide. "A real-time 360-degree view of the client is incredibly important," Sid Probstein, CTO and co-founder ofAttivio told CRM Buyer. "It's the difference between good service and bad service." The Agent's View With a system allowing a true 360-degree view of customers, call center agents have access to a wealth of information when a call comes in. Ideally, this information helps them to understand callers and provide a tailored customer service experience. "Any time you're talking to a client, whether it's inbound or outbound, you can look not only at their transactions, but all of their comments they've made that reps can capture in notes," explained Probstein. "All of that data becomes available and is instantly accessible. It can include what they've been asking about, what their mood might be. It can also include product recommendations. We make this information actionable." Systems that provide the ability to search information give agents even more access to a customer's history and data. Circle Vision Developing a 360-degree view of customers depends, in part, on defining what that view should include and how it should be organized. "[A 360-degree view is an] integrated dataset of all customer-related information maintained by the company, enhanced with external data sets that enable segmentation, made accessible to the entire organization, with data security and privacy restrictions, via the appropriate dissemination channel," Rick Abbott, president of360DegreeViewtold CRM Buyer. The benefits of developing this view to call centers and the businesses behind them can be tremendous. "For the business overall it can drive increased revenue due to enhanced customer satisfaction and identification of cross selling opportunities, and lower costs by facilitating automation and self-service, which lead to increased efficiency." Achieving a 360-degree view involves both gathering data and disseminating it. "The engine for a 360-degree customer view is data collection, integration, cleansing and augmentation software," said Abbott. "The dissemination and distribution of information includes web-based applications, spreadsheets, fixed reports, and to a lesser degree proprietary desktop applications." Some 360-degree view systems also provide access to social media posts to give agents an even more comprehensive view of how customers have interacted with the company. "Just having the internal view is not enough," said Probstein. "The external view of social media is just as important." 360-Degree Challenges If it's so beneficial, why has a 360-degree customer view remained so elusive for call centers? "The common perception is that it's a technical issue that prevents most companies from building and maintaining a 360-degree customer view," said Abbott. The technical aspects are often the least of the problems. "The main impediments are political battles where departments or business units \u2018hoard' customer data and refuse to share with other groups in the company," Abbott explained. Apathy -- usually at the executive level -- about how customers would like to interact with the company, and ignorance regarding technical feasibility and perceived difficulty of implementing a 360-degree customer view can also be obstacles. Many companies continue to silo customer information, separating data about orders, for instance, from other facts and details. This kind of silo effect continues to hinder progress toward a truly 360-degree view. "Companies are organized around orders, not customers," Kathleen Peterson, founder ofPowerHouse Consultingtold CRM Buyer. "The consequence is when I bring up your order, I don't get any other information about you, because the industry has not yet made it a priority to merge service and distribution." In this era of big data, more information than ever is available about customers. The ongoing task, however, is organizing and interpreting that data to make it useful for call center agents on the front lines of customer service. "That's what this big data era is all about," said Probstein. "You really need to understand everything about your customers." Discussion; What are your opinions on this type of customer service? Pros & Cons. Is CRM important to a business and their operations. Why is it important and what CRM metrics would you use in your business? Due Monday, Febraury 12, 2013.

11 comments:

  1. This type of service would be very beneficial to companies, but I think it is an invasion of privacy. If purchases and businesses continue to go this way, I believe the most coveted thing int he world will be privacy and information. The advantage is that the companies would be able to assist you in a much more efficient way, by knowing more than the basic internal information that is available. The disadvantages would depend on whether that information is true about you, as well as the companies that would want to keep that information to themselves and not share it. CRM is very important to a business and their operations, without the customer.... there is no business. A business must know who their customer is and what they can do to service that customer. More customer will be retained and revenues will increase by doing so. The CRM metrics I would use would include a running total of customer retention, new customers, customer satisfaction, and revenue generated by specific campaigns. This is important to know to understand what is working in your business and must continue to do, as well as what is not working and should not continue to do.

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  2. Pros and Cons
    Pros
    -Get to know your consumers
    -make a relationship
    -How they want to interact with a business

    Cons
    -Without having permission to have this information
    -Using their social media
    -Invading Privacy
    CRM is very important to the business, if you don’t know your consumers, their reactions, their moods, you won’t be able to please them and they will look into other companies to do business with. It’s important to maintain a customer relationship because if you have a good relationship people will come back to you, enjoy doing business with you, but this for you means you will have a satisfied customer who will give word of mouth of your business and bring in more consumers. But with that consumer you also are making sales, multiple because they will continuously use your business.

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  3. Pros & Cons

    Pros.
    *Build a strong relationship with customers
    *Better able to sell to customer
    *Understanding customers better,
    without having to spend time with them

    Cons
    *Privacy Invasion
    *Information obtained may or may not be reliable...

    CRM is important to businesses as it gives you a realistic idea of specific customers buying and spending habits. This allows businesses the opportunity to build on already established relationship and anticipate future business.

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  4. I believe that this type of customer service can be very beneficial to a business. By getting a closer look at it’s customers, a business gets a better idea of each customers needs and wants, this information can be used to help improve the customer experience. This type of service may help the customer feel more connected and important to the business. Most customers like when a business gets to know them and care about them beyond what they purchased. With happier customers this will hopefully translate into them doing more business with you and help to bring new customers in. In addition to the positives there is always a concern with the security of operating a system like this. Customers don’t want their information getting into the hands of the wrong people, and the 360 view offers up a lot of personal information about each customer. If not handled correctly it could have the reverse effect on customers, and not bring in as many because they do not feel comfortable with the new systems.

    Yes CRM is very important to a business. Customers are one of the most important parts of a business. Without them you wouldn’t be able to generate any revenue. As a business you need to stay in tune to your customers and you need to ensure that you are providing them with the best service to keep them happy. For my business I think that social CRM would benefit me the most. With a younger target market the majority of them are involved in some sort of social media. Therefore, this would be the best way to monitor their likes, dislikes, wants, and buying behaviours.

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  5. CRM is important to every business because in order to make a profit, you need to know who your customers are, and what they want. In order to gain repeat and loyal buyers you need to figure out their likes/dislikes, buying behaviours, moods/reactions... and if they are happy with your business, they will tell other people they are satisfied, and so on. Pros to this are understanding your customers better, potentially building a stronger relationship with them. And a con would be the invasion of privacy. My CRM strategy for my business would focus on the trainers/instructors, making sure they are friendly, helpful and knowledgeable. Because really, they are the ones who are going to be selling the fitness classes. Customers opinions will be based on their experience with the class instructors.

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  6. Pros & Cons

    Pros:
    - business gets a better understanding of their customer's needs and wants.
    - Help enhance customer experiences.
    - Build strong customer relationship

    Cons:
    - Information may not be reliable/untrue.
    - may not be so good to have a lot of personal information about the customers. This may have a huge negative impact to the customers.

    In my opinion I do believe that CRM is important to a business. The strongest aspect of CRM is that it is cost-effective. All the information in CRM system is held centralized. This way it reduces the process time and increases productivity. Furthermore, professionally dealing with all the customers of your business and providing them with what they are actually looking for enhances the customer satisfaction. If the customer is satisfied with your work they will be more willing to stay in the business and will tend to be more loyal towards you. Thus, resulting in boosting customer base and advancing net growth of the business.

    Looking at my business I would use the process metric. This allows me to better increase sales and customer loyalty which to me is very important. Furthermore, another important factor to consider would be customer satisfaction. An appropriate way to sustain this measure is to watch the employees on sales.

    - Munzaleen Sajjad

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  7. My opininon on this type of service is that it is very important to the business to have so that the customers can be better serviced. By knowing who the customers are with a 360 view of them is very beneficial to the business when trying to sell them products. The pro's of this service is that it keeps the business up to date on what is needed by the customer, it can give them an insight into any problems that the customer might be experiencing, and it helps when trying to promote products that might be of interest. The con's would be that the information might not be a reliable source or out of date. Some information might be too personal. The customers might not be comfortable with their information being stored. I think that CRM is important to a business because it helps to establish a relationship with the customers and helps to identify their needs and gives an idea of how to promote products to them. I can reduce the time it takes for each employee to find out about a customer, and this increases productivity. The reason why this is important is that it will keep customers satisfied if what they need is being supplied to them and if their complaints are being heard and taken into consideration for future customers.
    The CRM metrics that I would use for my business would be the to have a 360 view of my customers, I think my business would benefit from knowing all the daily information on my customers, such as facebook, where they travelled to, what kind of activities they enjoyed, any complaints that they have about their past experiences.

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    Replies
    1. Pro's: better insight about the customer, you can be better equpped to help that customer
      Cons: invasion of privacy, its unnecessary to have all that information on file
      CRM is very important es[ecially in terms of cusomers satisfaction and service. withour costomers there is no business so it is important that there are good customer service policies in place so you will have repeat customers and maintain loyalty and a good relationship with your customers

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  8. Pros: Learn buying habits, Understand customer better.
    Cons: Unreliable information, Privacy issues.

    CRM is importabt to business simply because of the fact that customers are extremely important. This allows a business to understand their customers better and set up a plan that makes life easier for the customer.

    Scott

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  9. I think this is a great way to better serve customers. It is simply utilizing the information that is already out there instead of just storing it. information like what people say on Facebook may be information that customers don't want companies to be considering when talking to them, but it is public information and i think its very smart for them to use it.

    pros: the service agent can better understand the individual they are talking to, and maybe use a different approach to deal with them, it also helps to up sell, or increase their satisfaction

    cons: some customers may prefer their information to be left unknown.

    CRM's are important for companies because it helps them to see their customers as more than a number or order. This helps a customer in feeling that way too. for my business i would use a very similar approach to 360's focusing more on the Facebook and other social media. This is where customers go to vent or rave about products and provide feedback as opposed to surveys.

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  10. I think this type of customer service would be benficial. Fully understanding your consumers more can lead your business in a sucessful direction both in present and future time. Some Pro's of this type of service would be clearly understanding your consumers buying behaviours and learning from those facts. And from the conclusion of those facts being able to execute a plan to fix any problems that may have occured. Some Con's of this type of service could be that the consumer does not want you to have their information therefore stearing them away from your business. Also the information could be untrue and unreliable, leading your business to poor actions. CRM is very important to business because creating an solid relationship with your consumers will benefit both the business and the consumers. It allows your business to understand their needs and wants which will help you figure out a way to promote your product to them in a proper way. With the consumer being satisfied with the promotions it will keep them coming back. I would like to use the 360 view of my customers for my business. Providing me with information about my customers and allowing me to meet their needs.

    Bryce

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