CALIFORNIA,
United States of America, February 11, 2021/ -- Companies that deploy
chat in commerce see higher revenue growth, stronger customer retention,
reduced service costs, and increased marketing effectiveness than
companies that don’t, indicates research from Aberdeen Research in
partnership with Clickatell (www.Clickatell.com), a global leader in mobile communications and chat commerce.
Chat
commerce—enabling customers to interact and transact with brands via
chat apps—is being adopted globally, led by Asia, Europe, and Africa,
and quickly followed by North America, the research shows.
The
research is discussed in full detail in a just released on-demand
webinar, “Leveraging Chat to Manage & Evolve a Customer-First
Digital Transformation Program,” which is available here (https://bit.ly/2LG2ghV).
In
the global multi-industry survey of 405 companies, Aberdeen found that
at least two-thirds of firms use chat and that those that use chat in
commerce achieve superior financial results while delivering a better
customer experience. Highlights of the research indicate that companies using chat in commerce experience are:
- 75% improvement in annual revenue growth
- 48% bump in customer retention rates
- 27% improvement in ability to reduce service costs
- 21x improvement in marketing ROI
The
research also shows that many forms of chat—including WhatsApp, live
chat, and mobile in-app messaging—rank high in terms of planned adoption
as companies seek more connection with consumers. Forty six percent of
businesses have implemented messaging apps or plan to do so in the next
12 months.
“We are on the cusp of mass adoption of chat in
commerce, and smart brands will create one holistic customer experience
across all customer channels, including chat, the interactive channel of
choice,” says Jeppe Dorff, Clickatell Chief Product and Technology
Officer.
While many companies have pursued digital transformation efforts, many have fallen short of goals. By
deploying chat—which is now used daily by eight in 10 adults, the
research shows—companies can more quickly respond to changing consumer
needs and preferences as they pursue their digital initiatives. This is especially critical in the wake of COVID-19, which hastened digital commerce around the world.
Chat-enabled data and insights
Chat
also enables companies to gather more data and insight, more quickly,
into the customer experience so companies can respond more readily. Lack
of visibility into customer data was cited by eight in 10 companies as a
key challenge, the research shows.
“Chat enables
customer-friendly digital transformation and best practices are
applicable in all industries,” says Omer Minkara, Aberdeen VP and
Principal Analyst. “By making digital transformation efforts customer
first, not business first and focused on internal needs, companies will
see greater success in satisfying and delighting their customers.”
Companies
who used chat in commerce, when compared to those who didn’t, were 84%
more likely to improve the number of positive social media mentions for
their brand, the research shows.
In the webinar, Minkara and
Dorff also discuss how a brand may use chat to take a customer-first
approach to digital transformation, including key first steps such as:
focusing on frequent customer issues; devising metrics to measure
success; iterating and improving chat initiatives as you go; and
expanding use cases over time. The webinar also discusses issues such as
key building blocks to use chat in customer-first initiatives and
roadblocks and pitfalls to digital transformation.
To view the webinar, “Leveraging Chat to Manage & Evolve a Customer-First Digital Transformation Program,” click here (https://bit.ly/2LG2ghV).
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