Customer Experience

Thrive or survive?
The choice is yours

Customer experience is at a breaking point. It’s time to act.

For the past three years, Customer Experience scores have fallen across 223 brands in 13 industries, according to The Wall Street Journal. Customers are more dissatisfied than ever, even as their expectations continue to grow.

At the same time, businesses are facing new challenges: economic pressure is mounting, regulations are evolving, artificial intelligence is redefining customer interactions. Organizations that fail to prioritize CX risk losing both their customers and market relevance.

How to stand out from the crowd?

#1 Adapt or fall behind: customer centricity is non-negotiable

It’s time to shift from empty claims to action. If companies wish to thrive, it’s important to get the basics right with customer centricity as part of the DNA

#2 From click to loyalty: craft seamless customer journeys

Create unified, consistent experiences across all channels that cater to diverse and highly personal customer preferences. AI-powered insights can tailor interactions to individual preferences, but must be executed with empathy and respect.

#3 No data, no party

Approach data strategically to unlock more interactive, personalized, and unique customer experiences. By doing so, AI and machine learning can be introduced to deliver greater personalized customer engagement.

#4 Measuring success: Report on the CX metrics that matter

Position CX as a strategic investment by aligning improvements with measurable efficiencies and customer retention metrics.

An expert’s view

The convergence of conversational AI and emotional AI will shape the next frontier of customer experience.

Uta Niendorf – Partner

Have we sparked your interest? Tune in to Source’s ‘Future of the Firm’ podcast with Uta Niendorf and Neil Sharp for actionable insights and inspiring stories from industry leaders driving CX transformation.

Discover our Customer Experience capabilities to take your company to the next level.

Get in touch with our experts

  • Uta Niendorf

    Partner – Germany, Hamburg

    Wavestone

    LinkedIn
  • Neil Sharp

    Neil Sharp

    Partner – UK, London

    Wavestone

    LinkedIn
  • Vik Thakral

    Vik Thakral

    Senior Manager – USA, Pittsburgh

    Wavestone

    Linkedin